Real Estate Appreciation for Pittsfield, Massachusettes: + 14.90%
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 + 14.90% (+ 3.73% yearly).
All of the property in MA averaged + 44.38% change in value (+ 11.09% yearly).
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 124.58 | + 5.86% | + 23.45% |
| 2000 | 2 | 121.05 | - 2.83% | - 11.33% |
| 2000 | 3 | 122.68 | + 1.35% | + 5.39% |
| 2000 | 4 | 128.85 | + 5.03% | + 20.12% |
Some of the ways peope use our appreciation data for Pittsfield, Massachusettes include real estate investment .
Lets look at East Otis, Massachusettes, a city located in Pittsfield, Massachusettes MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $97,000.00 in 1997, you could multiply by + 14.90%, add the gain and see the home should be worth $111,453.99 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1997 to 2000:
+ 3.73%
Appreciation Comparisons
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
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 .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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