Real Estate Appreciation for Pittsfield, Massachusettes: + 3.59%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Pittsfield, Massachusettes: + 3.59%
- State of MA: + 7.42%
- Difference: - 51.58%
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 $93,000.00 in 1996, you could multiply by + 3.59%, add the gain and see the home should be worth $96,340.96 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1996 to 1997:
+ 1.80%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1996 to 1997 were Honolulu-HI, Utica-Rome-NY, Lewiston-Auburn-ME, Madera-CA, and Johnstown-PA .
- Honolulu-HI decreased by - 11.37% between 1996 and 1997
- Utica-Rome-NY decreased by - 5.89% between 1996 and 1997
- Lewiston-Auburn-ME decreased by - 2.85% between 1996 and 1997
- Madera-CA decreased by - 2.52% between 1996 and 1997
- Johnstown-PA decreased by - 2.31% between 1996 and 1997
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