Real Estate Appreciation for Spokane, Washington: + 3.56%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Spokane, Washington did compared to the state as a whole.
The Spokane, Washington MSA property value change was + 3.56% (+ 0.89% yearly).
All of the property in WA averaged + 15.23% change in value (+ 3.81% yearly).
Spokane-WA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1985 | 2 | 57.72 | - 0.26% | - 1.04% |
| 1985 | 3 | 60.64 | + 5.06% | + 20.24% |
| 1985 | 4 | 58.84 | - 2.97% | - 11.87% |
| 1986 | 1 | 59.16 | + 0.54% | + 2.18% |
| 1986 | 2 | 60.05 | + 1.50% | + 6.02% |
| 1986 | 3 | 60.31 | + 0.43% | + 1.73% |
| 1986 | 4 | 60.56 | + 0.41% | + 1.66% |
| 1987 | 1 | 59.75 | - 1.34% | - 5.35% |
| 1987 | 2 | 60.27 | + 0.87% | + 3.48% |
| 1987 | 3 | 59.86 | - 0.68% | - 2.72% |
| 1987 | 4 | 58.74 | - 1.87% | - 7.48% |
| 1988 | 1 | 58.74 | + 0.00% | + 0.00% |
| 1988 | 2 | 58.53 | - 0.36% | - 1.43% |
| 1988 | 3 | 60.19 | + 2.84% | + 11.34% |
| 1988 | 4 | 59.93 | - 0.43% | - 1.73% |
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 Chattaroy, Washington Refinance, or Chattaroy, Washington Reverse Mortgages, you could estimate your home value.
If you knew your Chattaroy, Washington home was worth $73,000.00 in 1985, you could multiply by + 3.56%, add the gain and see the home should be worth $75,598.58 in 1988. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Spokane-WA from 1985 to 1988:
+ 0.89%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 99003 - CHATTAROY, WA
MSA Pop: 431027Zip Pop: 4493
Avg Value: 140400
County: SPOKANE
Elev: 1909
Region: West
Lat: 47.914796
Long: -117.30564