Real Estate Appreciation for Albany Schenectady Troy, New York: + 26.41%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Albany Schenectady Troy, New York did compared to the state as a whole.
The Albany Schenectady Troy, New York MSA property value change was + 26.41% (+ 6.60% yearly).
All of the property in NY averaged + 12.65% change in value (+ 3.16% yearly).
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1987 | 2 | 84.71 | + 2.16% | + 8.63% |
| 1987 | 3 | 88.28 | + 4.21% | + 16.86% |
| 1987 | 4 | 91.25 | + 3.36% | + 13.46% |
| 1988 | 1 | 93.63 | + 2.61% | + 10.43% |
| 1988 | 2 | 97.57 | + 4.21% | + 16.83% |
| 1988 | 3 | 99.35 | + 1.82% | + 7.30% |
| 1988 | 4 | 99.88 | + 0.53% | + 2.13% |
| 1989 | 1 | 100.54 | + 0.66% | + 2.64% |
| 1989 | 2 | 101.73 | + 1.18% | + 4.73% |
| 1989 | 3 | 104 | + 2.23% | + 8.93% |
| 1989 | 4 | 104.32 | + 0.31% | + 1.23% |
| 1990 | 1 | 104.41 | + 0.09% | + 0.35% |
| 1990 | 2 | 104.09 | - 0.31% | - 1.23% |
| 1990 | 3 | 104.03 | - 0.06% | - 0.23% |
| 1990 | 4 | 104.82 | + 0.76% | + 3.04% |
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 Alplaus, New York Refinance, or Alplaus, New York Reverse Mortgages, you could estimate your home value.
If you knew your Alplaus, New York home was worth $77,000.00 in 1987, you could multiply by + 26.41%, add the gain and see the home should be worth $97,336.47 in 1990. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1987 to 1990:
+ 6.60%
Appreciation Comparisons
The top 5 performing MSAs from 1987 to 1990 were Honolulu-HI, Bellingham-WA, Santa-Rosa-Petaluma-CA, San-Luis-Obispo-Paso-Robles-CA, and Santa-Cruz-Watsonville-CA .
- Honolulu-HI increased +101.92% from 1987 to the end of 1990
- Bellingham-WA increased + 69.34% from 1987 to the end of 1990
- Santa-Rosa-Petaluma-CA increased + 69.20% from 1987 to the end of 1990
- San-Luis-Obispo-Paso-Robles-CA increased + 67.63% from 1987 to the end of 1990
- Santa-Cruz-Watsonville-CA increased + 66.41% from 1987 to the end of 1990
Zip Code in MSA: 12008 - ALPLAUS, NY
MSA Pop: 840644Zip Pop: 431
Avg Value: 111500
County: SCHENECTADY
Elev: 246
Region: Northeast
Lat: 42.85704
Long: -73.9023