Real Estate Appreciation for San Luis Obispo Paso Robles, California: + 34.81%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze San Luis Obispo Paso Robles, California MSA appreciation it was + 34.81% (+ 11.60% yearly) from 2004 to 2006.
During the same time period, CA had + 54.55% (+ 18.18% yearly).
From 2004 to 2006, California outperformed the individual San Luis Obispo Paso Robles, California MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
San-Luis-Obispo-Paso-Robles-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 245.97 | + 5.71% | + 22.83% |
| 2004 | 3 | 264.73 | + 7.63% | + 30.51% |
| 2004 | 4 | 272.94 | + 3.10% | + 12.41% |
| 2005 | 1 | 286.38 | + 4.92% | + 19.70% |
| 2005 | 2 | 297.65 | + 3.94% | + 15.74% |
| 2005 | 3 | 309.17 | + 3.87% | + 15.48% |
| 2005 | 4 | 320.02 | + 3.51% | + 14.04% |
| 2006 | 1 | 323.62 | + 1.12% | + 4.50% |
| 2006 | 2 | 320.13 | - 1.08% | - 4.31% |
| 2006 | 3 | 315.58 | - 1.42% | - 5.69% |
| 2006 | 4 | 313.7 | - 0.60% | - 2.38% |
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 $110,000.00 in 2004, you could multiply by + 34.81%, add the gain and see the home should be worth $148,296.02 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for San-Luis-Obispo-Paso-Robles-CA from 2004 to 2006:
+ 11.60%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
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