Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Pittsfield, Massachusettes MSA appreciated + 32.27% (+ 10.76% yearly) between 2003 and the end of 2005.

The state of MA had + 29.59% total appreciation (+ 9.86% yearly). The Pittsfield, Massachusettes MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 9.07% faster than the state as a whole.

Pittsfield-MA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2003 2 152.92 + 0.24% + 0.97%
2003 3 158.41 + 3.59% + 14.36%
2003 4 165.83 + 4.68% + 18.74%
2004 1 166.79 + 0.58% + 2.32%
2004 2 171.85 + 3.03% + 12.14%
2004 3 177.14 + 3.08% + 12.31%
2004 4 185.71 + 4.84% + 19.35%
2005 1 185 - 0.38% - 1.53%
2005 2 195.53 + 5.69% + 22.77%
2005 3 199.39 + 1.97% + 7.90%
2005 4 201.78 + 1.20% + 4.79%


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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 $108,000.00 in 2003, you could multiply by + 32.27%, add the gain and see the home should be worth $142,853.10 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Pittsfield-MA from 2003 to 2005:
+ 10.76%

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 .

  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

The top 5 performing MSAs from 2003 to 2005 were 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 to the end of 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
  4. Madera-CA increased + 85.39% from 2003 to the end of 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005

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