Asheville, NC - House Price Index (HPI)
Asheville Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Asheville, NC single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
10
Asheville Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  26840
2nd Quarter, 2017 Housing Statistics: Asheville, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      93%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Asheville housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Asheville is 93%. In other words, when tested against historical
data, the forecasting methodology was correct 93% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Asheville is 93% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Asheville
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Asheville housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Asheville is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Asheville is 86% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Asheville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Asheville, North Carolina


Historical Home Price Appreciation
Last Quarter                                     3.46%
Last Year . . . . . . . . . . . . . . . . . . . .  8.5%
Last 5 Years                                     34%
Last 10 Years . . . . . . . . . . . . . . . . . 15%
Last 20 Years                                   135%



Annual Home Price Appreciation Rates
1987      6.64%
1988      5.02%
1989      2.17%
1990      5.88%
1991      2.84%
1992      4.57%
1993      3.36%
1994      4.30%
1995      6.16%
1996      4.98%
1997      8.79%
1998      6.10%
1999      4.71%
2000      6.66%
2001      6.81%
2002      5.39%
2003      5.50%
2004      7.31%
2005      12.43%
2006      10.20%
2007      5.84%
2008      -0.80%
2009      -5.00%
2010      -2.89%
2011      -3.65%
2012      -1.88%
2013      2.93%
2014      5.03%
2015      7.55%
2016      7.68%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.46%         Rank: 122 of 381 (68th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.5%           Rank: 92 of 381 (76th Percentile)
Last 5 Years                              34%            Rank: 96 of 381 (75th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 81 of 381 (78th Percentile)
Last 20 Years                            135%          Rank: 49 of 379 (87th Percentile)


The change in home prices for Asheville, NC are shown above for five time
periods. For example: Asheville appreciated 3.46% in the Last Quarter. At that
rate, the Asheville Real Estate Market was ranked 122nd out of 381
metropolitan Real Estate Markets. Asheville was in the 68th percentile. So
Asheville, NC performed better in the Last Quarter than 68% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Asheville, North Carolina

The all time high in the Asheville Home Price Index was 269.4 in the 2nd
Quarter, of 2017.  The Home Price Index indicates that the Asheville Market is
up 15% over the last 10 years. Home prices in the Asheville Real Estate Market
have gained 8.54% over the last 12 months. Over the last thirty years, it is up
275%.

The 2nd Quarter index value was 9.01 points higher than the 1st Quarter, 2017
index value of 260.41, resulting in a 3.46% rise in the 2nd Quarter for the
Asheville Market.

The Asheville Home Price Index has increased for the last 18 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, with
declines in the last 3 consecutive quarters.

The highest annual change in the value of houses in the Asheville Real Estate
Market was 13% in the twelve months ended with the 3rd Quarter of 2006. The
worst annual change in home values  in the Asheville Market was -7% in the
twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Asheville Real Estate Market over a
three year period was 35% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Asheville Market
was -14% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Asheville Home Price Index
(above). For information about North Carolina home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Asheville Home
Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Asheville Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Asheville Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
2nd Quarter, 2017 Housing Data: Asheville, North Carolina

The trend of Asheville Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 2nd Quarter of 2017, Asheville Home Prices had a rank of 122, with
appreciation of 3.46%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Asheville Home Prices had a rank of 92, with
appreciation during the year of 8.54%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Asheville Home Prices
ranked 96, with a total appreciation of 34.5%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Asheville Home Prices
had a rank of 81, with appreciation during the decade of 15%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Asheville Home Prices
had a rank of 49, with total growth over the 20 year period of 135%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Asheville Real Estate
Market is available back to the 3rd Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Asheville. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Tuesday, October 17, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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