Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 19.24%
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 + 19.24% (+ 6.41% yearly) for the period between 1999 and the end of 2001.
The state had + 17.16% total appreciation (+ 5.72% 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% |
| 2001 | 1 | 143.14 | + 2.18% | + 8.71% |
| 2001 | 2 | 145.4 | + 1.58% | + 6.32% |
| 2001 | 3 | 147.71 | + 1.59% | + 6.35% |
| 2001 | 4 | 148.91 | + 0.81% | + 3.25% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Phoenix-Mesa-Scottdale-AZ here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Arizona, you can do some research at 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 $100,000.00 in 1999, you could multiply by + 19.24%, add the gain and see the home should be worth $119,242.47 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 1999 to 2001:
+ 6.41%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 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