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 + 4.94% (+ 1.65% yearly).

All of the property in MA averaged + 26.39% change in value (+ 8.80% yearly).

Pittsfield-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1999 1 117.15 + 2.26% + 9.04%
1999 2 113.48 - 3.13% - 12.53%
1999 3 119.37 + 5.19% + 20.76%
1999 4 117.68 - 1.42% - 5.66%


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 $96,000.00 in 1997, you could multiply by + 4.94%, add the gain and see the home should be worth $100,742.64 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1997 to 1999:
+ 1.65%

Appreciation Comparisons

The worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .

  1. Honolulu-HI decreased by - 5.64% between 1997 and 1999
  2. Williamsport-PA decreased by - 0.53% between 1997 and 1999
  3. Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
  4. Ithaca-NY only increased + 0.26% between 1997 and 1999
  5. Reading-PA only increased + 1.79% between 1997 and 1999

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

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