Real Estate Appreciation for Pittsfield, Massachusettes: + 2.46%
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: + 2.46%
- State of MA: + 19.20%
- Difference: - 87.17%
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 1998, you could multiply by + 2.46%, add the gain and see the home should be worth $99,390.16 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 1998 to 1999:
+ 1.23%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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