Real Estate Appreciation for Pittsfield, Massachusettes: + 21.94%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Pittsfield, Massachusettes did compared to the state as a whole.
The Pittsfield, Massachusettes MSA property value change was + 21.94% (+ 10.97% yearly).
All of the property in MA averaged + 5.40% change in value (+ 2.70% yearly).
Pittsfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2005 | 2 | 195.53 | + 5.69% | + 22.77% |
| 2005 | 3 | 199.39 | + 1.97% | + 7.90% |
| 2005 | 4 | 201.78 | + 1.20% | + 4.79% |
| 2006 | 1 | 216.25 | + 7.17% | + 28.68% |
| 2006 | 2 | 211.98 | - 1.97% | - 7.90% |
| 2006 | 3 | 214.5 | + 1.19% | + 4.76% |
| 2006 | 4 | 225.58 | + 5.17% | + 20.66% |
Lets look at East Otis, Massachusettes, a city located in Pittsfield, Massachusettes MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $111,000.00 in 2005, you could multiply by + 21.94%, add the gain and see the home should be worth $135,348.00 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Pittsfield-MA from 2005 to 2006:
+ 10.97%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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