Real Estate Appreciation for Albany Schenectady Troy, New York: + 38.15%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Albany Schenectady Troy, New York MSA appreciation it was + 38.15% (+ 12.72% yearly) from 2004 to 2006.
During the same time period, NY had + 29.84% (+ 9.95% yearly).
You can see that the Albany Schenectady Troy, New York MSA experienced higher appreciation in this case.
Albany-Schenectady-Troy-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 146.93 | + 3.72% | + 14.88% |
| 2004 | 3 | 156 | + 6.17% | + 24.69% |
| 2004 | 4 | 159.54 | + 2.27% | + 9.08% |
| 2005 | 1 | 164.44 | + 3.07% | + 12.29% |
| 2005 | 2 | 172.25 | + 4.75% | + 19.00% |
| 2005 | 3 | 179.59 | + 4.26% | + 17.04% |
| 2005 | 4 | 182.06 | + 1.38% | + 5.50% |
| 2006 | 1 | 187.87 | + 3.19% | + 12.77% |
| 2006 | 2 | 190.82 | + 1.57% | + 6.28% |
| 2006 | 3 | 192.36 | + 0.81% | + 3.23% |
| 2006 | 4 | 195.71 | + 1.74% | + 6.97% |
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 $110,000.00 in 2004, you could multiply by + 38.15%, add the gain and see the home should be worth $151,970.21 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Albany-Schenectady-Troy-NY from 2004 to 2006:
+ 12.72%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2004 to 2006 were Saginaw-Saginaw-Township-North-MI, Kokomo-IN, Anderson-IN, Muncie-IN, and Lafayette-IN .
- Saginaw-Saginaw-Township-North-MI only increased + 0.82% between 2004 and 2006
- Kokomo-IN only increased + 0.99% between 2004 and 2006
- Anderson-IN only increased + 2.08% between 2004 and 2006
- Muncie-IN only increased + 2.23% between 2004 and 2006
- Lafayette-IN only increased + 2.44% between 2004 and 2006
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
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