Real Estate Appreciation for San Luis Obispo Paso Robles, California: + 12.08%
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.
- San Luis Obispo Paso Robles, California: + 12.08%
- State of CA: + 13.69%
- Difference: - 11.76%
San-Luis-Obispo-Paso-Robles-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1996 | 2 | 101.74 | - 0.85% | - 3.39% |
| 1996 | 3 | 102.01 | + 0.27% | + 1.06% |
| 1996 | 4 | 102.31 | + 0.29% | + 1.18% |
| 1997 | 1 | 103.1 | + 0.77% | + 3.09% |
| 1997 | 2 | 103.59 | + 0.48% | + 1.90% |
| 1997 | 3 | 106.04 | + 2.37% | + 9.46% |
| 1997 | 4 | 106.71 | + 0.63% | + 2.53% |
| 1998 | 1 | 109.44 | + 2.56% | + 10.23% |
| 1998 | 2 | 111.1 | + 1.52% | + 6.07% |
| 1998 | 3 | 112.61 | + 1.36% | + 5.44% |
| 1998 | 4 | 115.01 | + 2.13% | + 8.52% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in San Luis Obispo, California click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for San Luis Obispo Paso Robles, California.
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 $94,000.00 in 1996, you could multiply by + 12.08%, add the gain and see the home should be worth $105,359.52 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for San-Luis-Obispo-Paso-Robles-CA from 1996 to 1998:
+ 4.03%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .
- Honolulu-HI decreased by - 11.67% between 1996 and 1998
- Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
- Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
- Utica-Rome-NY only increased + 0.29% between 1996 and 1998
- El-Paso-TX only increased + 0.32% between 1996 and 1998
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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