Appreciation : Where Can I Find The Data?
I have been looking all over the place to see what the Appreciation values are for my area. Is there a place that you all know of that I can find this information for my city, zip code or county.
I am also trying to do this so i can narrow the area I want to focus on.
If ANYONE knows, please post. I am really having trouble finding this information.
THANK YOU,
Harley
:-? [ Edited by Harley5656 on Date 09/30/2004 ]
Harley,
Comparing your area to others nationally can be done in various places. Try http://www.freddiemac.com/finance/cmhpi/
If you select the current/MSA data that will get you what the appreciation has been like since 1970. If Ellisville is near St Louis (sorry, dunno where it is) then look at column DX on each of the sheets on the XL file that you download.
If your concerns are more local then you need local help. My best guess is the tax assessors office should keep this in some form or other.
HTH
Imklammer,
Thanks for getting back with me. I have looked at the MSA data, and it has been helpful. I am really trying to narrow the area down to a city, zip code or other area's with in the St. Louis area. " Good guess with the Ellisville in St. L"
You recommend a the Tax Assessors office. Would you know if they post that on the a website?
With out trying to disect all of the information on MLS, is there a way to possible run property appreciation values on there for a given time frame??
* All help or ideas are great!
Thanks,
Harley
I think I might be asking the wrong question.
How do you determine what areas to concentrate on for your investments. What type of indicators do you use?
I am very new at this and really appreciate all input on this subject.
Thanks,
Harley
A really quick way would be to ask your local realtor. If he/she can't exactly tell you in so many words, you may ask them what areas of town have the lowest DOM (days on market) ie. properties are moving fast.
Good Luck!
Harley,
1. What info your tax assessor publishes on the web would best be answered by calling them. They may also have data which is not on the web but which they will share with you if you visit their office.
2. The question you really should be asking is where will the future appreciation be. Historic appreciation helps to some extent, but it can also be like driving a car using the rear view mirror. Things to look out for are major road developments, new/expanding employment centers, etc. The relevant planning depts would be a good place to start, and see if they have a Comprehensive Plan (usually a 5 year view into the future which outlines issues with traffic, utilities, land use, etc.) I think I found what you need at http://www.co.st-louis.mo.us/plan/comp-plans/Strategic-Plan/
In terms of looking at the specific communities try looking at the community plans on that same site.
Good luck
Great!
IMKlammer & 64 Ford, thank you Very much for your ideas. I understand that location is everything, so i am trying to learn all about it I can.
I will check out the website you posted. Seems like very good information.
Thanks again for giving me some more ideas to think about!!
Harley
Harley,
Good luck with it. I'll probably be meeting with our realtor over the next couple weeks. I'll let you know what he has to say about the South City market. He's been in the business for years, a close personal friend of my Dad, and I totally trust him.
Also, I've got some info. on tax credits for you to take a look at. I haven't taken the time to understand it. It's pretty complicated. But might be an added incentive. I'll drop them off sometime this week.
Your neighbor,
Semopikes