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 +108.33% (+ 18.06% yearly) for the period between 2001 and the end of 2006.

The state had +120.48% total appreciation (+ 20.08% 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 + 11.21% faster than this MSA.

Salinas-CA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 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 San Ardo, California Refinance, or San Ardo, California Reverse Mortgages, you could estimate your home value.

If you knew your San Ardo, California home was worth $107,000.00 in 2001, you could multiply by +108.33%, add the gain and see the home should be worth $222,914.03 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Salinas-CA from 2001 to 2006:
+ 18.06%

Appreciation Comparisons

The worst 5 MSAs from 2001 to 2006 were Kokomo-IN, Lafayette-IN, Anderson-IN, Muncie-IN, and Saginaw-Saginaw-Township-North-MI .

  1. Kokomo-IN only increased + 7.35% between 2001 and 2006
  2. Lafayette-IN only increased + 9.59% between 2001 and 2006
  3. Anderson-IN only increased + 11.00% between 2001 and 2006
  4. Muncie-IN only increased + 12.69% between 2001 and 2006
  5. Saginaw-Saginaw-Township-North-MI only increased + 12.79% between 2001 and 2006

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

Zip Code in MSA: 93450 - SAN ARDO, CA

MSA Pop: 414449
Zip Pop: 662
Avg Value: 113300
County: MONTEREY
Elev: 53
Region: West
Lat: 36.021962
Long: -120.904731