Real Estate Appreciation for Pittsfield, Massachusettes: + 5.48%
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 + 5.48% (+ 1.83% yearly) between 1993 and the end of 1995.
The state of MA had + 4.50% total appreciation (+ 1.50% yearly).
The Pittsfield, Massachusettes MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 21.82% faster than the state as a whole.
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1995 | 1 | 100 | - 5.78% | - 23.10% |
| 1995 | 2 | 104.93 | + 4.93% | + 19.72% |
| 1995 | 3 | 106.91 | + 1.89% | + 7.55% |
| 1995 | 4 | 110.13 | + 3.01% | + 12.05% |
There are a lot of ways to use the appreciation data for Pittsfield, Massachusettes .
Lets look at East Otis, Massachusettes, a city located in Pittsfield, Massachusettes 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 East Otis, Massachusettes check out Spec-Loan.com
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 $88,000.00 in 1993, you could multiply by + 5.48%, add the gain and see the home should be worth $92,820.99 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1993 to 1995:
+ 1.83%
Appreciation Comparisons
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
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
Zip Code in MSA: 1029 - EAST OTIS, MA
MSA Pop: 133310Zip Pop: 572
Avg Value: 139300
County: BERKSHIRE
Elev: 1039
Region: Northeast
Lat: 42.158401
Long: -73.042901