Real Estate Appreciation for San Luis Obispo Paso Robles, California: + 2.31%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how San Luis Obispo Paso Robles, California did compared to the state as a whole.
The San Luis Obispo Paso Robles, California MSA property value change was + 2.31% (+ 1.16% yearly).
All of the property in CA averaged + 0.96% change in value (+ 0.48% yearly).
San-Luis-Obispo-Paso-Robles-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 101.37 | + 1.37% | + 5.48% |
| 1995 | 3 | 101.67 | + 0.30% | + 1.18% |
| 1995 | 4 | 102.73 | + 1.04% | + 4.17% |
| 1996 | 1 | 102.61 | - 0.12% | - 0.47% |
| 1996 | 2 | 101.74 | - 0.85% | - 3.39% |
| 1996 | 3 | 102.01 | + 0.27% | + 1.06% |
| 1996 | 4 | 102.31 | + 0.29% | + 1.18% |
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 San-Luis-Obispo-Paso-Robles-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 Luis Obispo, California Refinance, or San Luis Obispo, California Reverse Mortgages, you could estimate your home value.
If you knew your San Luis Obispo, California home was worth $91,000.00 in 1995, you could multiply by + 2.31%, add the gain and see the home should be worth $93,102.10 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for San-Luis-Obispo-Paso-Robles-CA from 1995 to 1996:
+ 1.16%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
Zip Code in MSA: 93401 - SAN LUIS OBISPO, CA
MSA Pop: 253118Zip Pop: 27034
Avg Value: 275800
County: SAN LUIS OBISPO
Elev: 234
Region: West
Lat: 35.260886
Long: -120.653936