Blacksburg, VA - House Price Index (HPI)
Blacksburg Real Estate Market Forecast
The House Price Index (HPI) shows changes in Blacksburg-Christiansburg-Radford, VA 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.
Blacksburg Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27624
3rd Quarter, 2017 Housing Statistics: Blacksburg, Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

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 Blacksburg housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Blacksburg is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Blacksburg is 80% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Blacksburg
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Blacksburg housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Blacksburg is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Blacksburg is 77% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Blacksburg
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Blacksburg, Virginia


Historical Home Price Appreciation
Last Quarter                                     0.34%
Last Year . . . . . . . . . . . . . . . . . . . .  3.3%
Last 5 Years                                     12%
Last 10 Years . . . . . . . . . . . . . . . . . 4%
Last 20 Years                                   87%



Annual Home Price Appreciation Rates
1987        n/a
1988      0.73%
1989      2.39%
1990      0.00%
1991      3.75%
1992      4.96%
1993      2.98%
1994      3.74%
1995      3.46%
1996      5.13%
1997      5.06%
1998      4.76%
1999      4.45%
2000      6.74%
2001      5.24%
2002      5.68%
2003      4.88%
2004      8.14%
2005      11.63%
2006      7.75%
2007      1.92%
2008      -0.14%
2009      -3.02%
2010      -0.65%
2011      -4.60%
2012      1.19%
2013      -0.90%
2014      3.49%
2015      2.94%
2016      0.80%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.34%         Rank: 294 of 381 (22nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.3%           Rank: 272 of 381 (28th Percentile)
Last 5 Years                              12%            Rank: 262 of 381 (31st Percentile)
Last 10 Years  . . . . . . . . . . . .   4%              Rank: 218 of 381 (42nd Percentile)
Last 20 Years                            87%            Rank: 161 of 379 (57th Percentile)


The change in home prices for Blacksburg-Christiansburg-Radford, VA are
shown above for five time periods. For example: Blacksburg appreciated 0.34%
in the Last Quarter. At that rate, the Blacksburg Real Estate Market was ranked
294th out of 381 metropolitan Real Estate Markets. Blacksburg was in the 22nd
percentile. So Blacksburg, VA performed better in the Last Quarter than 22% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Blacksburg, Virginia

The data and analysis on this page pertains to
Blacksburg-Christiansburg-Radford, VA, hereinafter referred to as
"Blacksburg". The all time high in the Blacksburg Home Price Index was 204.3 in
the 3rd Quarter, of 2017.  The Home Price Index indicates that the Blacksburg
Market is up 4% over the last 10 years. Home prices in the Blacksburg Real
Estate Market have gained 3.29% over the last 12 months. Over the last thirty
years, it is up 161%.

The 3rd Quarter index value was 0.70 points higher than the 2nd Quarter, 2017
index value of 203.64, resulting in a 0.34% rise in the 3rd Quarter for the
Blacksburg Market.

The Blacksburg Home Price Index has increased for the last 2 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Blacksburg Real
Estate Market was 12% in the twelve months ended with the 4th Quarter of
2005. The worst annual change in home values  in the Blacksburg Market was
-7% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Blacksburg Real Estate Market over a
three year period was 30% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Blacksburg
Market was -9% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Blacksburg Home Price Index
(above). For information about Virginia 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 Blacksburg 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 Blacksburg 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 Blacksburg 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
3rd Quarter, 2017 Housing Data: Blacksburg, Virginia

The trend of Blacksburg 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. The data and analysis on this page pertains
to Blacksburg-Christiansburg-Radford, VA, hereinafter referred to as
"Blacksburg".

Last Quarter:
During the 3rd Quarter of 2017, Blacksburg Home Prices had a rank of 294,
with appreciation of 0.34%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Blacksburg Home Prices had a rank of 272, with
appreciation during the year of 3.29%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Blacksburg Home Prices
ranked 262, with a total appreciation of 12.4%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Blacksburg Home Prices
had a rank of 218, with appreciation during the decade of 4%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Blacksburg Home Prices
had a rank of 161, with total growth over the 20 year period of 87%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Blacksburg Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Blacksburg. 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 Monday, December 11, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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