Real Estate Appreciation for Pittsfield, Massachusettes: + 17.05%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Pittsfield, Massachusettes did compared to the state as a whole.
The Pittsfield, Massachusettes MSA property value change was + 17.05% (+ 8.52% yearly).
All of the property in MA averaged + 7.37% change in value (+ 3.69% yearly).
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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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 1995, you could multiply by + 17.05%, add the gain and see the home should be worth $106,515.50 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1995 to 1996:
+ 8.52%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 1996 were Honolulu-HI, Cumberland-MD-WV, Utica-Rome-NY, Binghamton-NY, and Madera-CA .
- Honolulu-HI decreased by - 7.92% between 1995 and 1996
- Cumberland-MD-WV decreased by - 4.44% between 1995 and 1996
- Utica-Rome-NY decreased by - 4.03% between 1995 and 1996
- Binghamton-NY decreased by - 3.46% between 1995 and 1996
- Madera-CA decreased by - 3.21% between 1995 and 1996
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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