Real Estate Appreciation for Albany Schenectady Troy, New York: + 3.12%
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 + 3.12% (+ 1.56% yearly).
All of the property in NY averaged + 8.61% change in value (+ 4.30% yearly).
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 100.45 | - 0.04% | - 0.16% |
| 1997 | 3 | 100.17 | - 0.28% | - 1.11% |
| 1997 | 4 | 101.34 | + 1.17% | + 4.67% |
| 1998 | 1 | 103.32 | + 1.95% | + 7.82% |
| 1998 | 2 | 102.39 | - 0.90% | - 3.60% |
| 1998 | 3 | 102.44 | + 0.05% | + 0.20% |
| 1998 | 4 | 103.63 | + 1.16% | + 4.65% |
There are a lot of ways to use the appreciation data for Albany Schenectady Troy, New York .
Lets look at Alcove, New York, a city located in Albany Schenectady Troy, New York MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Alcove, New York check out Spec-Loan.com
If you were going to do a Alcove, New York Refinance, or Alcove, New York Reverse Mortgages, you could estimate your home value.
If you knew your Alcove, New York home was worth $95,000.00 in 1997, you could multiply by + 3.12%, add the gain and see the home should be worth $97,968.45 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 1997 to 1998:
+ 1.56%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Diego-Carlsbad-San-Marcos-CA, Gadsden-AL, and Waterloo-Cedar-Falls-IA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 24.79% from 1997 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 20.64% from 1997 to the end of 1998
- San-Diego-Carlsbad-San-Marcos-CA increased + 16.27% from 1997 to the end of 1998
- Gadsden-AL increased + 14.96% from 1997 to the end of 1998
- Waterloo-Cedar-Falls-IA increased + 13.76% from 1997 to the end of 1998
Zip Code in MSA: 12007 - ALCOVE, NY
MSA Pop: 840644Zip Pop: 0
Avg Value: 0
County: ALBANY
Elev: 30
Region: Northeast
Lat: 42.46741
Long: -73.92823