Real Estate Appreciation for Pittsfield, Massachusettes: + 28.07%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Pittsfield, Massachusettes MSA appreciated + 28.07% (+ 9.36% yearly) for the period between 2001 and the end of 2003.
The state had + 34.20% total appreciation (+ 11.40% yearly).
The state average for Massachusettes was higher than the real estate appreciation in the Pittsfield, Massachusettes MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 21.83% faster than this MSA.
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2003 | 1 | 152.55 | + 2.09% | + 8.35% |
| 2003 | 2 | 152.92 | + 0.24% | + 0.97% |
| 2003 | 3 | 158.41 | + 3.59% | + 14.36% |
| 2003 | 4 | 165.83 | + 4.68% | + 18.74% |
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 $104,000.00 in 2001, you could multiply by + 28.07%, add the gain and see the home should be worth $133,196.79 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 2001 to 2003:
+ 9.36%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 2001 to 2003 were Yuba-City-CA, Chico-CA, Fresno-CA, Redding-CA, and Madera-CA .
- Yuba-City-CA increased + 53.06% from 2001 to the end of 2003
- Chico-CA increased + 50.54% from 2001 to the end of 2003
- Fresno-CA increased + 50.27% from 2001 to the end of 2003
- Redding-CA increased + 49.39% from 2001 to the end of 2003
- Madera-CA increased + 48.53% from 2001 to the end of 2003
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