Real Estate Appreciation for San Luis Obispo Paso Robles, California: + 9.54%
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 + 9.54% (+ 4.77% yearly).
All of the property in CA averaged + 22.16% change in value (+ 11.08% yearly).
San-Luis-Obispo-Paso-Robles-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $111,000.00 in 2005, you could multiply by + 9.54%, add the gain and see the home should be worth $121,589.15 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 2005 to 2006:
+ 4.77%
Appreciation Comparisons
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
The top 5 performing MSAs from 2005 to 2006 were Bend-OR, Boise-City-Nampa-ID, Phoenix-Mesa-Scottdale-AZ, Naples-Marco-Island-FL, and Ocala-FL .
- Bend-OR increased + 52.68% from 2005 to the end of 2006
- Boise-City-Nampa-ID increased + 43.68% from 2005 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 43.40% from 2005 to the end of 2006
- Naples-Marco-Island-FL increased + 41.08% from 2005 to the end of 2006
- Ocala-FL increased + 40.98% from 2005 to the end of 2006
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