Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Pittsfield, Massachusettes MSA appreciation it was + 4.17% (+ 1.04% yearly) from 1994 to 1997.

During the same time period, MA had + 11.80% (+ 2.95% yearly). From 1994 to 1997, Massachusettes outperformed the individual Pittsfield, Massachusettes MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Pittsfield-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1996 1 110.51 + 0.35% + 1.38%
1996 2 107.44 - 2.78% - 11.11%
1996 3 107.81 + 0.34% + 1.38%
1996 4 117.05 + 8.57% + 34.28%
1997 1 112.14 - 4.19% - 16.78%
1997 2 110.01 - 1.90% - 7.60%
1997 3 109.96 - 0.05% - 0.18%
1997 4 114.48 + 4.11% + 16.44%


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 $91,000.00 in 1994, you could multiply by + 4.17%, add the gain and see the home should be worth $94,792.36 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1994 to 1997:
+ 1.04%

Appreciation Comparisons

The worst 5 MSAs from 1994 to 1997 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, and Kingston-NY .

  1. Honolulu-HI decreased by - 14.47% between 1994 and 1997
  2. Utica-Rome-NY decreased by - 12.23% between 1994 and 1997
  3. Binghamton-NY decreased by - 9.70% between 1994 and 1997
  4. Riverside-San-Bernardino-Ontario-CA decreased by - 8.40% between 1994 and 1997
  5. Kingston-NY decreased by - 6.47% between 1994 and 1997

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 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