Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 87.19%
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 + 87.19% (+ 21.80% yearly) between 2003 and the end of 2006.
The state of AZ had + 81.23% total appreciation (+ 20.31% yearly).
The Phoenix Mesa Scottdale, Arizona MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 7.34% faster than the state as a whole.
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2005 | 1 | 206.81 | + 6.82% | + 27.27% |
| 2005 | 2 | 230.67 | + 11.54% | + 46.15% |
| 2005 | 3 | 252.15 | + 9.31% | + 37.25% |
| 2005 | 4 | 272.46 | + 8.05% | + 32.22% |
| 2006 | 1 | 283.84 | + 4.18% | + 16.71% |
| 2006 | 2 | 290.33 | + 2.29% | + 9.15% |
| 2006 | 3 | 294.26 | + 1.35% | + 5.41% |
| 2006 | 4 | 296.56 | + 0.78% | + 3.13% |
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 $109,000.00 in 2003, you could multiply by + 87.19%, add the gain and see the home should be worth $204,033.58 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 2003 to 2006:
+ 21.80%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2006 were Bakersfield-CA, Visalia-Porterville-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +110.89% from 2003 to the end of 2006
- Visalia-Porterville-CA increased +101.32% from 2003 to the end of 2006
- Madera-CA increased +100.36% from 2003 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +100.03% from 2003 to the end of 2006
- Naples-Marco-Island-FL increased + 99.23% from 2003 to the end of 2006
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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