Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 10.29%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Phoenix Mesa Scottdale, Arizona did compared to the state as a whole.
The Phoenix Mesa Scottdale, Arizona MSA property value change was + 10.29% (+ 5.15% yearly).
All of the property in AZ averaged + 8.97% change in value (+ 4.48% yearly).
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 101.64 | + 1.64% | + 6.56% |
| 1995 | 3 | 103.86 | + 2.18% | + 8.74% |
| 1995 | 4 | 104.88 | + 0.98% | + 3.93% |
| 1996 | 1 | 107.08 | + 2.10% | + 8.39% |
| 1996 | 2 | 107.49 | + 0.38% | + 1.53% |
| 1996 | 3 | 108.86 | + 1.27% | + 5.10% |
| 1996 | 4 | 110.29 | + 1.31% | + 5.25% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Apache Junction, Arizona Refinance, or Apache Junction, Arizona Reverse Mortgages, you could estimate your home value.
If you knew your Apache Junction, Arizona home was worth $91,000.00 in 1995, you could multiply by + 10.29%, add the gain and see the home should be worth $100,363.90 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 1995 to 1996:
+ 5.15%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
Zip Code in MSA: 85217 - APACHE JUNCTION, AZ
MSA Pop: 3593408Zip Pop: 0
Avg Value: 0
County: PINAL
Elev: 1490
Region: West
Lat: 33.32836
Long: -111.32702