Real Estate Appreciation for Redding, California: + 4.10%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Redding, California did compared to the state as a whole.
The Redding, California MSA property value change was + 4.10% (+ 1.03% yearly).
All of the property in CA averaged + 16.00% change in value (+ 4.00% yearly).
Redding-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 101.03 | + 1.03% | + 4.12% |
| 1995 | 3 | 103.06 | + 2.01% | + 8.04% |
| 1995 | 4 | 101.66 | - 1.36% | - 5.43% |
| 1996 | 1 | 102.34 | + 0.67% | + 2.68% |
| 1996 | 2 | 101.07 | - 1.24% | - 4.96% |
| 1996 | 3 | 98.77 | - 2.28% | - 9.10% |
| 1996 | 4 | 98.84 | + 0.07% | + 0.28% |
| 1997 | 1 | 99.88 | + 1.05% | + 4.21% |
| 1997 | 2 | 98.35 | - 1.53% | - 6.13% |
| 1997 | 3 | 99.62 | + 1.29% | + 5.17% |
| 1997 | 4 | 101.28 | + 1.67% | + 6.67% |
| 1998 | 1 | 103.17 | + 1.87% | + 7.46% |
| 1998 | 2 | 102.98 | - 0.18% | - 0.74% |
| 1998 | 3 | 103.01 | + 0.03% | + 0.12% |
| 1998 | 4 | 104.1 | + 1.06% | + 4.23% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Redding, California click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Redding, California.
If you were going to do a Redding, California Refinance, or Redding, California Reverse Mortgages, you could estimate your home value.
If you knew your Redding, California home was worth $93,000.00 in 1995, you could multiply by + 4.10%, add the gain and see the home should be worth $96,813.00 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Redding-CA from 1995 to 1998:
+ 1.03%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 96002 - REDDING, CA
MSA Pop: 175650Zip Pop: 30333
Avg Value: 109300
County: SHASTA
Elev: 557
Region: West
Lat: 40.542882
Long: -122.325522