Real Estate Appreciation for Albany Schenectady Troy, New York: + 46.06%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Albany Schenectady Troy, New York MSA appreciated + 46.06% (+ 11.51% yearly) for the period between 2001 and the end of 2004.
The state had + 50.81% total appreciation (+ 12.70% yearly).
The state average for New York was higher than the real estate appreciation in the Albany Schenectady Troy, New York MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 10.31% faster than this MSA.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 111.57 | + 2.14% | + 8.57% |
| 2001 | 3 | 114.14 | + 2.30% | + 9.21% |
| 2001 | 4 | 115.03 | + 0.78% | + 3.12% |
| 2002 | 1 | 116.2 | + 1.02% | + 4.07% |
| 2002 | 2 | 118.98 | + 2.39% | + 9.57% |
| 2002 | 3 | 121.59 | + 2.19% | + 8.77% |
| 2002 | 4 | 124.43 | + 2.34% | + 9.34% |
| 2003 | 1 | 126.63 | + 1.77% | + 7.07% |
| 2003 | 2 | 129.23 | + 2.05% | + 8.21% |
| 2003 | 3 | 132.7 | + 2.69% | + 10.74% |
| 2003 | 4 | 139.02 | + 4.76% | + 19.05% |
| 2004 | 1 | 141.66 | + 1.90% | + 7.60% |
| 2004 | 2 | 146.93 | + 3.72% | + 14.88% |
| 2004 | 3 | 156 | + 6.17% | + 24.69% |
| 2004 | 4 | 159.54 | + 2.27% | + 9.08% |
There are a lot of ways to use the appreciation data for Albany Schenectady Troy, New York .
Lets look at Alplaus, 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 Alplaus, New York check out 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 $105,000.00 in 2001, you could multiply by + 46.06%, add the gain and see the home should be worth $153,361.71 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 2001 to 2004:
+ 11.51%
Appreciation Comparisons
The top 5 performing MSAs from 2001 to 2004 were Riverside-San-Bernardino-Ontario-CA, Yuba-City-CA, Fresno-CA, Madera-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Riverside-San-Bernardino-Ontario-CA increased + 90.90% from 2001 to the end of 2004
- Yuba-City-CA increased + 90.67% from 2001 to the end of 2004
- Fresno-CA increased + 90.07% from 2001 to the end of 2004
- Madera-CA increased + 89.58% from 2001 to the end of 2004
- San-Diego-Carlsbad-San-Marcos-CA increased + 87.47% from 2001 to the end of 2004
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