Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Phoenix Mesa Scottdale, Arizona MSA appreciated + 22.21% (+ 11.10% yearly) between 2003 and the end of 2004.

The state of AZ had + 23.29% total appreciation (+ 11.65% yearly). The state average for Arizona was higher than the real estate appreciation in the Phoenix Mesa Scottdale, Arizona MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 4.89% faster than this MSA.

Phoenix-Mesa-Scottdale-AZ

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $107,000.00 in 2003, you could multiply by + 22.21%, add the gain and see the home should be worth $130,759.77 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 2003 to 2004:
+ 11.10%

Appreciation Comparisons

The top 5 performing MSAs from 2003 to 2004 were Las-Vegas-Paradise-NV, Riverside-San-Bernardino-Ontario-CA, Bakersfield-CA, Madera-CA, and Fresno-CA .

  1. Las-Vegas-Paradise-NV increased + 54.53% from 2003 to the end of 2004
  2. Riverside-San-Bernardino-Ontario-CA increased + 51.05% from 2003 to the end of 2004
  3. Bakersfield-CA increased + 50.02% from 2003 to the end of 2004
  4. Madera-CA increased + 48.31% from 2003 to the end of 2004
  5. Fresno-CA increased + 47.99% from 2003 to the end of 2004

In contrast, the worst 5 MSAs from 2003 to 2004 were Brownsville-Harlingen-TX, Jackson-TN, Austin-Round-Rock-TX, Burlington-NC, and Ogden-Clearfield-UT .

  1. Brownsville-Harlingen-TX only increased + 0.47% between 2003 and 2004
  2. Jackson-TN only increased + 1.89% between 2003 and 2004
  3. Austin-Round-Rock-TX only increased + 2.07% between 2003 and 2004
  4. Burlington-NC only increased + 2.09% between 2003 and 2004
  5. Ogden-Clearfield-UT only increased + 2.83% between 2003 and 2004

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