Real Estate Appreciation for Pittsfield, Massachusettes: + 20.98%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Pittsfield, Massachusettes MSA appreciation it was + 20.98% (+ 10.49% yearly) from 2004 to 2005.
During the same time period, MA had + 18.08% (+ 9.04% yearly).
You can see that the Pittsfield, Massachusettes MSA experienced higher appreciation in this case.
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
There are a lot of ways to use the appreciation data for Pittsfield, Massachusettes .
Lets look at East Otis, Massachusettes, a city located in Pittsfield, Massachusettes MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in East Otis, 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 $109,000.00 in 2004, you could multiply by + 20.98%, add the gain and see the home should be worth $131,866.54 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 2004 to 2005:
+ 10.49%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2005 were 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 to the end of 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
- Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 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