Real Estate Appreciation for Providence New Bedford Fall River, Rhode Island, Massachusettes: + 27.39%
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 Providence New Bedford Fall River, Rhode Island, Massachusettes MSA appreciated + 27.39% (+ 13.69% yearly) for the period between 2001 and the end of 2002.
The state had + 27.99% total appreciation (+ 14.00% yearly).
The state average for Rhode Island was higher than the real estate appreciation in the Providence New Bedford Fall River, Rhode Island, Massachusettes 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 + 2.20% faster than this MSA.
Providence-New-Bedford-Fall-River-RI-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 141.26 | + 3.40% | + 13.59% |
| 2001 | 3 | 146.61 | + 3.79% | + 15.15% |
| 2001 | 4 | 149.82 | + 2.19% | + 8.76% |
| 2002 | 1 | 155.33 | + 3.68% | + 14.71% |
| 2002 | 2 | 162.61 | + 4.69% | + 18.75% |
| 2002 | 3 | 168.69 | + 3.74% | + 14.96% |
| 2002 | 4 | 174.04 | + 3.17% | + 12.69% |
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 Providence-New-Bedford-Fall-River-RI-MA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Rhode Island, you can do some research at Spec-Loan.com.
If you were going to do a East Mansfield, Rhode Island Refinance, or East Mansfield, Rhode Island Reverse Mortgages, you could estimate your home value.
If you knew your East Mansfield, Rhode Island home was worth $103,000.00 in 2001, you could multiply by + 27.39%, add the gain and see the home should be worth $131,211.54 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Providence-New-Bedford-Fall-River-RI-MA from 2001 to 2002:
+ 13.69%
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 .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 2031 - EAST MANSFIELD, MA
MSA Pop: 1623172Zip Pop: 0
Avg Value: 0
County: BRISTOL
Elev: 30
Region: Northeast
Lat: 42.014266
Long: -71.185433