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 + 9.48% (+ 4.74% yearly) for the period between 2001 and the end of 2002.

The state had + 10.10% total appreciation (+ 5.05% yearly). The state average for Arizona was higher than the real estate appreciation in the Phoenix Mesa Scottdale, Arizona MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 6.57% faster than this MSA.

Phoenix-Mesa-Scottdale-AZ

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 2001, you could multiply by + 9.48%, add the gain and see the home should be worth $112,764.64 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 2001 to 2002:
+ 4.74%

Appreciation Comparisons

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

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