Real Estate Appreciation for Albany Schenectady Troy, New York: + 1.34%
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 + 1.34% (+ 0.45% yearly).
All of the property in NY averaged + 6.85% change in value (+ 2.28% yearly).
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1995 | 2 | 100.96 | + 0.96% | + 3.84% |
| 1995 | 3 | 102.5 | + 1.53% | + 6.10% |
| 1995 | 4 | 102.31 | - 0.19% | - 0.74% |
| 1996 | 1 | 103.5 | + 1.16% | + 4.65% |
| 1996 | 2 | 100.39 | - 3.00% | - 12.02% |
| 1996 | 3 | 100.84 | + 0.45% | + 1.79% |
| 1996 | 4 | 99.57 | - 1.26% | - 5.04% |
| 1997 | 1 | 100.49 | + 0.92% | + 3.70% |
| 1997 | 2 | 100.45 | - 0.04% | - 0.16% |
| 1997 | 3 | 100.17 | - 0.28% | - 1.11% |
| 1997 | 4 | 101.34 | + 1.17% | + 4.67% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Albany-Schenectady-Troy-NY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in New York, you can do some research at Spec-Loan.com.
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 $92,000.00 in 1995, you could multiply by + 1.34%, add the gain and see the home should be worth $93,232.80 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1995 to 1997:
+ 0.45%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1997 were Bay-City-MI, Ogden-Clearfield-UT, Salt-Lake-City-UT, Battle-Creek-MI, and Portland-Vancouver-Beaverton-OR-WA .
- Bay-City-MI increased + 25.65% from 1995 to the end of 1997
- Ogden-Clearfield-UT increased + 25.40% from 1995 to the end of 1997
- Salt-Lake-City-UT increased + 24.43% from 1995 to the end of 1997
- Battle-Creek-MI increased + 24.38% from 1995 to the end of 1997
- Portland-Vancouver-Beaverton-OR-WA increased + 23.69% from 1995 to the end of 1997
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: 12008 - ALPLAUS, NY
MSA Pop: 840644Zip Pop: 431
Avg Value: 111500
County: SCHENECTADY
Elev: 246
Region: Northeast
Lat: 42.85704
Long: -73.9023