Real Estate Appreciation for Phoenix Mesa Scottdale, Arizona: + 60.78%
Appreciation for MSAs:.
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 + 60.78% (+ 30.39% yearly) from 2004 to 2005.
During the same time period, AZ had + 55.02% (+ 27.51% yearly).
You can see that the Phoenix Mesa Scottdale, Arizona MSA experienced higher appreciation in this case.
Phoenix-Mesa-Scottdale-AZ
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 2004, you could multiply by + 60.78%, add the gain and see the home should be worth $175,251.62 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Phoenix-Mesa-Scottdale-AZ from 2004 to 2005:
+ 30.39%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2005 were Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 to the end of 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
- Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005
Zip Code in MSA: 85217 - APACHE JUNCTION, AZ
MSA Pop: 3593408Zip Pop: 0
Avg Value: 0
County: PINAL
Elev: 1490
Region: West
Lat: 33.32836
Long: -111.32702