Real Estate Appreciation for Salt Lake City, Utah: + 5.29%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Salt Lake City, Utah: + 5.29%
- State of UT: + 4.97%
- Difference: + 6.40%
Salt-Lake-City-UT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1998 | 2 | 127.4 | + 0.96% | + 3.84% |
| 1998 | 3 | 128.33 | + 0.73% | + 2.92% |
| 1998 | 4 | 129.56 | + 0.96% | + 3.83% |
| 1999 | 1 | 130.14 | + 0.45% | + 1.79% |
| 1999 | 2 | 129.81 | - 0.25% | - 1.01% |
| 1999 | 3 | 128.43 | - 1.06% | - 4.25% |
| 1999 | 4 | 129.03 | + 0.47% | + 1.87% |
| 2000 | 1 | 129.68 | + 0.50% | + 2.02% |
| 2000 | 2 | 129.56 | - 0.09% | - 0.37% |
| 2000 | 3 | 130.96 | + 1.08% | + 4.32% |
| 2000 | 4 | 132.86 | + 1.45% | + 5.80% |
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 Salt-Lake-City-UT here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Utah, you can do some research at Spec-Loan.com.
If you were going to do a Bingham Canyon, Utah Refinance, or Bingham Canyon, Utah Reverse Mortgages, you could estimate your home value.
If you knew your Bingham Canyon, Utah home was worth $98,000.00 in 1998, you could multiply by + 5.29%, add the gain and see the home should be worth $103,179.97 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Salt-Lake-City-UT from 1998 to 2000:
+ 1.76%
Appreciation Comparisons
The top 5 performing MSAs from 1998 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 60.41% from 1998 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 58.08% from 1998 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 53.83% from 1998 to the end of 2000
- Salinas-CA increased + 50.81% from 1998 to the end of 2000
- Napa-CA increased + 45.22% from 1998 to the end of 2000
In contrast, the worst 5 MSAs from 1998 to 2000 were Midland-TX, Wenatchee-WA, Buffalo-Niagara-Falls-NY, Grand-Forks-ND-MN, and Coeur-d'Alene-ID .
- Midland-TX decreased by - 1.12% between 1998 and 2000
- Wenatchee-WA only increased + 0.15% between 1998 and 2000
- Buffalo-Niagara-Falls-NY only increased + 0.36% between 1998 and 2000
- Grand-Forks-ND-MN only increased + 0.83% between 1998 and 2000
- Coeur-d'Alene-ID only increased + 1.01% between 1998 and 2000
Zip Code in MSA: 84006 - BINGHAM CANYON, UT
MSA Pop: 1005232Zip Pop: 726
Avg Value: 116200
County: SALT LAKE
Elev: 4260
Region: West
Lat: 40.533333
Long: -112.15