Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Reading, Pensylivania did compared to the state as a whole.

The Reading, Pensylivania MSA property value change was + 1.79% (+ 0.60% yearly).

All of the property in PA averaged + 7.41% change in value (+ 2.47% yearly).

Reading-PA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 103.18 - 1.07% - 4.30%
1997 3 105.08 + 1.84% + 7.37%
1997 4 104.58 - 0.48% - 1.90%
1998 1 107.15 + 2.46% + 9.83%
1998 2 106.22 - 0.87% - 3.47%
1998 3 106.71 + 0.46% + 1.85%
1998 4 107.24 + 0.50% + 1.99%
1999 1 107.7 + 0.43% + 1.72%
1999 2 106.53 - 1.09% - 4.35%
1999 3 106.32 - 0.20% - 0.79%
1999 4 106.17 - 0.14% - 0.56%


There are a lot of ways to use the appreciation data for Reading, Pensylivania .

Lets look at Bally, Pensylivania, a city located in Reading, Pensylivania 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 Bally, Pensylivania check out Spec-Loan.com

If you were going to do a Bally, Pensylivania Refinance, or Bally, Pensylivania Reverse Mortgages, you could estimate your home value.

If you knew your Bally, Pensylivania home was worth $96,000.00 in 1997, you could multiply by + 1.79%, add the gain and see the home should be worth $97,721.19 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Reading-PA from 1997 to 1999:
+ 0.60%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .

  1. Honolulu-HI decreased by - 5.64% between 1997 and 1999
  2. Williamsport-PA decreased by - 0.53% between 1997 and 1999
  3. Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
  4. Ithaca-NY only increased + 0.26% between 1997 and 1999
  5. Reading-PA only increased + 1.79% between 1997 and 1999

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

Zip Code in MSA: 19503 - BALLY, PA

MSA Pop: 385307
Zip Pop: 1021
Avg Value: 112200
County: BERKS
Elev: 206
Region: Northeast
Lat: 40.401216
Long: -75.588094