Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 35.26%
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 + 35.26% (+ 8.81% yearly) for the period between 2001 and the end of 2004.
The state had + 37.40% total appreciation (+ 9.35% 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 + 6.06% faster than this MSA.
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 169.46 | + 1.57% | + 6.28% |
| 2004 | 2 | 175.07 | + 3.31% | + 13.24% |
| 2004 | 3 | 185.58 | + 6.00% | + 24.01% |
| 2004 | 4 | 193.61 | + 4.33% | + 17.31% |
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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 $105,000.00 in 2001, you could multiply by + 35.26%, add the gain and see the home should be worth $142,022.15 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 2001 to 2004:
+ 8.81%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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