Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Pittsfield, Massachusettes MSA appreciated + 1.65% (+ 0.82% yearly) between 1993 and the end of 1994.

The state of MA had - 0.13% total appreciation (- 0.06% yearly). The Pittsfield, Massachusettes MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated -1383.06% faster than the state as a whole.

Pittsfield-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1993 2 110.33 + 5.67% + 22.68%
1993 3 106.42 - 3.54% - 14.18%
1993 4 108.57 + 2.02% + 8.08%
1994 1 109.9 + 1.23% + 4.90%
1994 2 111.03 + 1.03% + 4.11%
1994 3 105.16 - 5.29% - 21.15%
1994 4 106.13 + 0.92% + 3.69%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a East Otis, Massachusettes Refinance, or East Otis, Massachusettes Reverse Mortgages, you could estimate your home value.

If you knew your East Otis, Massachusettes home was worth $87,000.00 in 1993, you could multiply by + 1.65%, add the gain and see the home should be worth $88,433.20 in 1994. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1993 to 1994:
+ 0.82%

Appreciation Comparisons

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 1029 - EAST OTIS, MA

MSA Pop: 133310
Zip Pop: 572
Avg Value: 139300
County: BERKSHIRE
Elev: 1039
Region: Northeast
Lat: 42.158401
Long: -73.042901