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 + 14.56% (+ 3.64% yearly).

All of the property in MA averaged + 22.06% change in value (+ 5.51% yearly).

Pittsfield-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1998 1 114.85 + 0.32% + 1.29%
1998 2 113.91 - 0.82% - 3.27%
1998 3 113.06 - 0.75% - 2.98%
1998 4 114.56 + 1.33% + 5.31%


Lets look at East Otis, Massachusettes, a city located in Pittsfield, Massachusettes MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $93,000.00 in 1995, you could multiply by + 14.56%, add the gain and see the home should be worth $106,540.80 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1995 to 1998:
+ 3.64%

Appreciation Comparisons

The worst 5 MSAs from 1995 to 1998 were Honolulu-HI, Utica-Rome-NY, Madera-CA, Albany-Schenectady-Troy-NY, and Redding-CA .

  1. Honolulu-HI decreased by - 13.12% between 1995 and 1998
  2. Utica-Rome-NY only increased + 0.14% between 1995 and 1998
  3. Madera-CA only increased + 2.89% between 1995 and 1998
  4. Albany-Schenectady-Troy-NY only increased + 3.63% between 1995 and 1998
  5. Redding-CA only increased + 4.10% between 1995 and 1998

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