Real Estate Appreciation for Binghamton, New York: + 12.60%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Binghamton, New York did compared to the state as a whole.
The Binghamton, New York MSA property value change was + 12.60% (+ 4.20% yearly).
All of the property in NY averaged + 16.87% change in value (+ 5.62% yearly).
Binghamton-NY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 99.27 | + 1.70% | + 6.80% |
| 1997 | 3 | 99.87 | + 0.60% | + 2.42% |
| 1997 | 4 | 100.52 | + 0.65% | + 2.60% |
| 1998 | 1 | 104.24 | + 3.70% | + 14.80% |
| 1998 | 2 | 105.94 | + 1.63% | + 6.52% |
| 1998 | 3 | 107.2 | + 1.19% | + 4.76% |
| 1998 | 4 | 107.58 | + 0.35% | + 1.42% |
| 1999 | 1 | 109.09 | + 1.40% | + 5.61% |
| 1999 | 2 | 111.52 | + 2.23% | + 8.91% |
| 1999 | 3 | 108.17 | - 3.00% | - 12.02% |
| 1999 | 4 | 109.91 | + 1.61% | + 6.43% |
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 Binghamton-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 Apalachin, New York Refinance, or Apalachin, New York Reverse Mortgages, you could estimate your home value.
If you knew your Apalachin, New York home was worth $96,000.00 in 1997, you could multiply by + 12.60%, add the gain and see the home should be worth $108,097.12 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Binghamton-NY from 1997 to 1999:
+ 4.20%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 13732 - APALACHIN, NY
MSA Pop: 251106Zip Pop: 8380
Avg Value: 88000
County: TIOGA
Elev: 817
Region: Northeast
Lat: 42.056725
Long: -76.137123