Real Estate Appreciation for Salinas, California: +247.88%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Salinas, California MSA appreciated +247.88% (+ 17.71% yearly) between 1993 and the end of 2006.
The state of CA had +197.07% total appreciation (+ 14.08% yearly).
The Salinas, California MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 25.78% faster than the state as a whole.
Salinas-CA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation
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 Salinas-CA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in California, you can do some research at Spec-Loan.com.
If you were going to do a Salinas, California Refinance, or Salinas, California Reverse Mortgages, you could estimate your home value.
If you knew your Salinas, California home was worth $99,000.00 in 1993, you could multiply by +247.88%, add the gain and see the home should be worth $344,396.63 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salinas-CA from 1993 to 2006:
+ 17.71%
Appreciation Comparisons
The worst perfoming MSAs ever for a 14 year period, were Midland-TX, Midland-TX, Odessa-TX, Midland-TX, and Midland-TX .
- Midland-TX lost - 26.68% from 1982 to 1995
- Midland-TX lost - 24.58% from 1983 thru 1996
- Odessa-TX lost - 17.25% from 1984 thru 1997
- Midland-TX lost - 13.75% from 1984 thru 1997
- Midland-TX lost - 6.03% from 1986 thru 1999
The top 5 performing MSAs from 1993 to 2006 were Salinas-CA, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Bend-OR, Flagstaff-AZ-UT, and Phoenix-Mesa-Scottdale-AZ .
- Salinas-CA increased +247.88% from 1993 to the end of 2006
- Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +240.91% from 1993 to the end of 2006
- Bend-OR increased +230.33% from 1993 to the end of 2006
- Flagstaff-AZ-UT increased +228.96% from 1993 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased +223.72% from 1993 to the end of 2006
Zip Code in MSA: 93908 - SALINAS, CA
MSA Pop: 414449Zip Pop: 13020
Avg Value: 421100
County: MONTEREY
Elev: 53
Region: West
Lat: 36.606772
Long: -121.65801