Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 17.36%
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 + 17.36% (+ 5.79% yearly).
All of the property in AZ averaged + 14.10% change in value (+ 4.70% yearly).
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 124.88 | + 1.50% | + 5.98% |
| 1999 | 2 | 127.1 | + 1.78% | + 7.11% |
| 1999 | 3 | 129.43 | + 1.83% | + 7.33% |
| 1999 | 4 | 130.92 | + 1.15% | + 4.60% |
There are a lot of ways to use the appreciation data for Phoenix Mesa Scottdale, Arizona .
Lets look at Apache Junction, Arizona, a city located in Phoenix Mesa Scottdale, Arizona MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Apache Junction, Arizona check out Spec-Loan.com
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 $96,000.00 in 1997, you could multiply by + 17.36%, add the gain and see the home should be worth $112,669.83 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 1997 to 1999:
+ 5.79%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .
- Honolulu-HI decreased by - 5.64% between 1997 and 1999
- Williamsport-PA decreased by - 0.53% between 1997 and 1999
- Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
- Ithaca-NY only increased + 0.26% between 1997 and 1999
- Reading-PA only increased + 1.79% between 1997 and 1999
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