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 + 10.30% (+ 5.15% yearly).

All of the property in AZ averaged + 9.01% change in value (+ 4.50% yearly).

Phoenix-Mesa-Scottdale-AZ

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 112.61 + 0.95% + 3.80%
1997 3 114.66 + 1.82% + 7.28%
1997 4 116.56 + 1.66% + 6.63%
1998 1 118.15 + 1.36% + 5.46%
1998 2 119.61 + 1.24% + 4.94%
1998 3 121.29 + 1.40% + 5.62%
1998 4 123.04 + 1.44% + 5.77%


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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 $95,000.00 in 1997, you could multiply by + 10.30%, add the gain and see the home should be worth $104,785.30 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 1997 to 1998:
+ 5.15%

Appreciation Comparisons

The worst 5 MSAs from 1997 to 1998 were Honolulu-HI, Williamsport-PA, Ithaca-NY, Utica-Rome-NY, and Pittsfield-MA .

  1. Honolulu-HI decreased by - 3.48% between 1997 and 1998
  2. Williamsport-PA decreased by - 0.05% between 1997 and 1998
  3. Ithaca-NY only increased + 1.04% between 1997 and 1998
  4. Utica-Rome-NY only increased + 1.56% between 1997 and 1998
  5. Pittsfield-MA only increased + 2.16% between 1997 and 1998

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 .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 85217 - APACHE JUNCTION, AZ

MSA Pop: 3593408
Zip Pop: 0
Avg Value: 0
County: PINAL
Elev: 1490
Region: West
Lat: 33.32836
Long: -111.32702