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 Salinas, California MSA appreciated + 15.59% (+ 7.79% yearly) for the period between 2001 and the end of 2002.

The state had + 20.84% total appreciation (+ 10.42% yearly). The state average for California was higher than the real estate appreciation in the Salinas, California 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 + 33.71% faster than this MSA.

Salinas-CA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 176.43 + 4.17% + 16.67%
2001 3 179.95 + 2.00% + 7.98%
2001 4 180.15 + 0.11% + 0.44%
2002 1 183.33 + 1.77% + 7.06%
2002 2 186.78 + 1.88% + 7.53%
2002 3 191.43 + 2.49% + 9.96%
2002 4 195.77 + 2.27% + 9.07%


Lets look at Bradley, California, a city located in Salinas, California MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

If you were going to do a Bradley, California Refinance, or Bradley, California Reverse Mortgages, you could estimate your home value.

If you knew your Bradley, California home was worth $103,000.00 in 2001, you could multiply by + 15.59%, add the gain and see the home should be worth $119,054.79 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salinas-CA from 2001 to 2002:
+ 7.79%

Appreciation Comparisons

The top 5 performing MSAs from 2001 to 2002 were Barnstable-Town-MA, San-Luis-Obispo-Paso-Robles-CA, Yuba-City-CA, Providence-New-Bedford-Fall-River-RI-MA, and Chico-CA .

  1. Barnstable-Town-MA increased + 29.22% from 2001 to the end of 2002
  2. San-Luis-Obispo-Paso-Robles-CA increased + 27.71% from 2001 to the end of 2002
  3. Yuba-City-CA increased + 27.51% from 2001 to the end of 2002
  4. Providence-New-Bedford-Fall-River-RI-MA increased + 27.39% from 2001 to the end of 2002
  5. Chico-CA increased + 27.31% from 2001 to the end of 2002

In contrast, the worst 5 MSAs from 2001 to 2002 were Jacksonville-NC, Provo-Orem-UT, Ogden-Clearfield-UT, Lewiston-ID-WA, and Columbus-IN .

  1. Jacksonville-NC only increased + 1.98% between 2001 and 2002
  2. Provo-Orem-UT only increased + 2.30% between 2001 and 2002
  3. Ogden-Clearfield-UT only increased + 2.59% between 2001 and 2002
  4. Lewiston-ID-WA only increased + 2.59% between 2001 and 2002
  5. Columbus-IN only increased + 2.60% between 2001 and 2002

Zip Code in MSA: 93426 - BRADLEY, CA

MSA Pop: 414449
Zip Pop: 1348
Avg Value: 188600
County: MONTEREY
Elev: 53
Region: West
Lat: 35.755204
Long: -120.977019