Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 12.18%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Phoenix Mesa Scottdale, Arizona MSA appreciated + 12.18% (+ 6.09% yearly) for the period between 1999 and the end of 2000.
The state had + 10.20% total appreciation (+ 5.10% yearly).
The Phoenix Mesa Scottdale, Arizona MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 127.1 | + 1.78% | + 7.11% |
| 1999 | 3 | 129.43 | + 1.83% | + 7.33% |
| 1999 | 4 | 130.92 | + 1.15% | + 4.60% |
| 2000 | 1 | 134.31 | + 2.59% | + 10.36% |
| 2000 | 2 | 135.8 | + 1.11% | + 4.44% |
| 2000 | 3 | 137.61 | + 1.33% | + 5.33% |
| 2000 | 4 | 140.09 | + 1.80% | + 7.21% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Apache Junction, Arizona click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Phoenix Mesa Scottdale, Arizona.
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 $99,000.00 in 1999, you could multiply by + 12.18%, add the gain and see the home should be worth $111,057.90 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 1999 to 2000:
+ 6.09%
Appreciation Comparisons
The top 5 performing MSAs from 1999 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 44.43% from 1999 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 41.93% from 1999 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 41.14% from 1999 to the end of 2000
- Salinas-CA increased + 39.42% from 1999 to the end of 2000
- Napa-CA increased + 33.84% from 1999 to the end of 2000
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