Real Estate Appreciation for Pittsfield, Massachusettes: + 19.95%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Pittsfield, Massachusettes MSA appreciation it was + 19.95% (+ 6.65% yearly) from 2000 to 2002.
During the same time period, MA had + 37.52% (+ 12.51% yearly).
From 2000 to 2002, Massachusettes outperformed the individual Pittsfield, Massachusettes MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 121.05 | - 2.83% | - 11.33% |
| 2000 | 3 | 122.68 | + 1.35% | + 5.39% |
| 2000 | 4 | 128.85 | + 5.03% | + 20.12% |
| 2001 | 1 | 129.48 | + 0.49% | + 1.96% |
| 2001 | 2 | 132.53 | + 2.36% | + 9.42% |
| 2001 | 3 | 131.81 | - 0.54% | - 2.17% |
| 2001 | 4 | 135.35 | + 2.69% | + 10.74% |
| 2002 | 1 | 138.26 | + 2.15% | + 8.60% |
| 2002 | 2 | 141.39 | + 2.26% | + 9.06% |
| 2002 | 3 | 147.19 | + 4.10% | + 16.41% |
| 2002 | 4 | 149.43 | + 1.52% | + 6.09% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Pittsfield-MA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Massachusettes, you can do some research at 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 $102,000.00 in 2000, you could multiply by + 19.95%, add the gain and see the home should be worth $122,345.96 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 2000 to 2002:
+ 6.65%
Appreciation Comparisons
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 .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 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