Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 24.22%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Phoenix Mesa Scottdale, Arizona MSA appreciation it was + 24.22% (+ 6.06% yearly) from 2000 to 2003.
During the same time period, AZ had + 25.84% (+ 6.46% yearly).
From 2000 to 2003, Arizona outperformed the individual Phoenix Mesa Scottdale, Arizona MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2002 | 1 | 150.94 | + 1.36% | + 5.45% |
| 2002 | 2 | 152.73 | + 1.19% | + 4.74% |
| 2002 | 3 | 154.99 | + 1.48% | + 5.92% |
| 2002 | 4 | 156.71 | + 1.11% | + 4.44% |
| 2003 | 1 | 158.43 | + 1.10% | + 4.39% |
| 2003 | 2 | 159.92 | + 0.94% | + 3.76% |
| 2003 | 3 | 161.75 | + 1.14% | + 4.58% |
| 2003 | 4 | 166.84 | + 3.15% | + 12.59% |
Some of the ways peope use our appreciation data for Phoenix Mesa Scottdale, Arizona include real estate investment .
Lets look at Apache Junction, Arizona, a city located in Phoenix Mesa Scottdale, Arizona MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $103,000.00 in 2000, you could multiply by + 24.22%, add the gain and see the home should be worth $127,946.69 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 2000 to 2003:
+ 6.06%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2000 to 2003 were Ogden-Clearfield-UT, Wenatchee-WA, Provo-Orem-UT, Jackson-TN, and Lafayette-IN .
- Ogden-Clearfield-UT only increased + 7.50% between 2000 and 2003
- Wenatchee-WA only increased + 7.51% between 2000 and 2003
- Provo-Orem-UT only increased + 8.27% between 2000 and 2003
- Jackson-TN only increased + 8.39% between 2000 and 2003
- Lafayette-IN only increased + 8.43% between 2000 and 2003
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 85218 - APACHE JUNCTION, AZ
MSA Pop: 3593408Zip Pop: 0
Avg Value: 0
County: PINAL
Elev: 1490
Region: West
Lat: 33.39926
Long: -111.36425