Cape Coral, FL - House Price Index (HPI)
Cape Coral Real Estate Market Forecast
The House Price Index (HPI) shows changes in Cape Coral-Fort Myers, FL 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.
Cape Coral Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1020.56
1st Quarter, 2018 Housing Statistics: Cape Coral, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 Cape Coral housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Cape Coral is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Cape Coral is 78% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Cape Coral
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Cape Coral housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Cape Coral 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
Cape Coral is 77% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Cape Coral
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Cape Coral, Florida


Historical Home Price Appreciation
Last Quarter                                     0.87%
Last Year . . . . . . . . . . . . . . . . . . . .  5.5%
Last 5 Years                                     61%
Last 10 Years . . . . . . . . . . . . . . . . . 7%
Last 20 Years                                   124%
Decline From All Time High               20.37%


Annual Home Price Appreciation Rates
1988      9.79%
1989      6.86%
1990      2.49%
1991      4.64%
1992      0.84%
1993      1.51%
1994      -1.64%
1995      4.11%
1996      -3.46%
1997      6.15%
1998      3.55%
1999      2.70%
2000      8.91%
2001      11.22%
2002      13.65%
2003      11.72%
2004      21.22%
2005      37.03%
2006      1.99%
2007      -17.44%
2008      -34.86%
2009      -11.10%
2010      1.33%
2011      -2.75%
2012      6.90%
2013      11.25%
2014      10.65%
2015      12.53%
2016      7.99%
2017      8.39%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.87%         Rank: 222 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.5%           Rank: 217 of 381 (43rd Percentile)
Last 5 Years                              61%            Rank: 35 of 381 (91st Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 199 of 381 (47th Percentile)
Last 20 Years                            124%          Rank: 66 of 379 (82nd Percentile)
Decline From All Time High        20.37%

The change in home prices for Cape Coral-Fort Myers, FL are shown above for
five time periods. For example: Cape Coral appreciated 0.87% in the Last
Quarter. At that rate, the Cape Coral Real Estate Market was ranked 222nd out
of 381 metropolitan Real Estate Markets. Cape Coral was in the 41st percentile.
So Cape Coral, FL performed better in the Last Quarter than 41% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Cape Coral, Florida

The data and analysis on this page pertains to Cape Coral-Fort Myers, FL,
hereinafter referred to as "Cape Coral". The all time high in the Cape Coral
Home Price Index was 312.2 in the 2nd Quarter, of 2006. The 1st Quarter, 2018
index value was 248.6. That's a decline of 63.58 points or 20.37% below the
Cape Coral Home Price Index all time high.  The Home Price Index indicates that
the Cape Coral Market is up 7% over the last 10 years. Home prices in the
Cape Coral Real Estate Market have gained 5.50% over the last 12 months.
Over the last thirty years, it is up 205%.

The 1st Quarter index value was 2.14 points higher than the 4th Quarter, 2017
index value of 246.46, resulting in a 0.87% rise in the 1st Quarter for the Cape
Coral Market.

The Cape Coral Home Price Index has increased for the last 24 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Cape Coral Real
Estate Market was 37% in the twelve months ended with the 4th Quarter of
2005. The worst annual change in home values  in the Cape Coral Market was
-35% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Cape Coral Real Estate Market over
a three year period was 91% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Cape Coral
Market was -52% in the three years ended with the 4th Quarter of 2009.

This page provides a long term graph of the Cape Coral Home Price Index
(above). For information about Florida 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 Cape Coral 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 Cape Coral 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 Cape Coral 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
1st Quarter, 2018 Housing Data: Cape Coral, Florida

The trend of Cape Coral 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 Cape Coral-Fort Myers, FL, hereinafter referred to as "Cape Coral".

Last Quarter:
During the 1st Quarter of 2018, Cape Coral Home Prices had a rank of 222,
with appreciation of 0.87%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Cape Coral Home Prices had a rank of 217, with
appreciation during the year of 5.50%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Cape Coral Home Prices
ranked 35, with a total appreciation of 61.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
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 1st Quarter of 2018, Cape Coral Home Prices
had a rank of 199, with appreciation during the decade of 7%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Cape Coral Home Prices
had a rank of 66, with total growth over the 20 year period of 124%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Cape Coral Real
Estate Market is available back to the 3rd Quarter, of 1984. All calculations are
based on the quarterly value of the House Price Index for Cape Coral. 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 Wednesday, June 13, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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