Real Estate Appreciation for Punta Gorda, Florida: + 37.50%
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 Punta Gorda, Florida MSA appreciated + 37.50% (+ 12.50% yearly) for the period between 2001 and the end of 2003.
The state had + 32.31% total appreciation (+ 10.77% yearly).
The Punta Gorda, Florida MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Punta-Gorda-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 131.28 | + 1.98% | + 7.92% |
| 2001 | 3 | 135.4 | + 3.14% | + 12.55% |
| 2001 | 4 | 138.18 | + 2.05% | + 8.21% |
| 2002 | 1 | 141.68 | + 2.53% | + 10.13% |
| 2002 | 2 | 145.57 | + 2.75% | + 10.98% |
| 2002 | 3 | 150.84 | + 3.62% | + 14.48% |
| 2002 | 4 | 154.38 | + 2.35% | + 9.39% |
| 2003 | 1 | 158.54 | + 2.69% | + 10.78% |
| 2003 | 2 | 164 | + 3.44% | + 13.78% |
| 2003 | 3 | 168.18 | + 2.55% | + 10.20% |
| 2003 | 4 | 177.01 | + 5.25% | + 21.00% |
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 Punta-Gorda-FL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Florida, you can do some research at Spec-Loan.com.
If you were going to do a Murdock, Florida Refinance, or Murdock, Florida Reverse Mortgages, you could estimate your home value.
If you knew your Murdock, Florida home was worth $104,000.00 in 2001, you could multiply by + 37.50%, add the gain and see the home should be worth $143,005.05 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Punta-Gorda-FL from 2001 to 2003:
+ 12.50%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 33938 - MURDOCK, FL
MSA Pop: 153392Zip Pop: 0
Avg Value: 0
County: CHARLOTTE
Elev: 0
Region: South
Lat: 27.010943
Long: -82.160403