Real Estate Appreciation for San Luis Obispo Paso Robles, California: + 24.37%
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 + 24.37% (+ 8.12% yearly).
All of the property in CA averaged + 22.98% change in value (+ 7.66% yearly).
San-Luis-Obispo-Paso-Robles-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 117.58 | + 2.23% | + 8.94% |
| 1999 | 2 | 121.07 | + 2.97% | + 11.87% |
| 1999 | 3 | 124.57 | + 2.89% | + 11.56% |
| 1999 | 4 | 128.23 | + 2.94% | + 11.75% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $96,000.00 in 1997, you could multiply by + 24.37%, add the gain and see the home should be worth $119,399.42 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for San-Luis-Obispo-Paso-Robles-CA from 1997 to 1999:
+ 8.12%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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