Fort Walton Beach, FL - House Price Index (HPI)
Fort Walton Beach Real Estate Market Forecast
The House Price Index (HPI) shows changes in Fort Walton Beach-Crestview-Destin, 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.
Fort Walton Beach Real Estate Market: Trend Outlook & Analysis
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Commentary  1088.56
1st Quarter, 2018 Housing Statistics: Fort Walton Beach, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Fort Walton Beach housing market for
the 12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Fort Walton Beach is 83%. In other words, when tested
against historical data, the forecasting methodology was correct 83% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in Fort Walton Beach is 83% 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 Fort Walton Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Fort Walton Beach housing market for the 3
years ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Fort Walton Beach 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 Fort Walton Beach is 80% 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 Fort Walton Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Fort Walton Beach, Florida


Historical Home Price Appreciation
Last Quarter                                     6.29%
Last Year . . . . . . . . . . . . . . . . . . . .  7.6%
Last 5 Years                                     34%
Last 10 Years . . . . . . . . . . . . . . . . . 3%
Last 20 Years                                   112%
Decline From All Time High               11.71%


Annual Home Price Appreciation Rates
1988      3.56%
1989      3.59%
1990      -2.63%
1991      3.53%
1992      7.76%
1993      4.91%
1994      -0.35%
1995      7.00%
1996      3.89%
1997      5.72%
1998      3.69%
1999      0.87%
2000      5.35%
2001      6.12%
2002      6.54%
2003      13.64%
2004      27.87%
2005      30.80%
2006      1.48%
2007      -9.42%
2008      -14.45%
2009      -7.61%
2010      -3.22%
2011      -3.16%
2012      -1.10%
2013      1.67%
2014      4.03%
2015      4.53%
2016      10.25%
2017      3.80%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              6.29%         Rank: 3 of 381 (99th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.6%           Rank: 113 of 381 (70th Percentile)
Last 5 Years                              34%            Rank: 102 of 381 (73rd Percentile)
Last 10 Years  . . . . . . . . . . . .   3%              Rank: 254 of 381 (33rd Percentile)
Last 20 Years                            112%          Rank: 92 of 379 (75th Percentile)
Decline From All Time High        11.71%

The change in home prices for Fort Walton Beach-Crestview-Destin, FL are
shown above for five time periods. For example: Fort Walton Beach appreciated
6.29% in the Last Quarter. At that rate, the Fort Walton Beach Real Estate
Market was ranked 3rd out of 381 metropolitan Real Estate Markets. Fort
Walton Beach was in the 99th percentile. So Fort Walton Beach, FL performed
better in the Last Quarter than 99% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Fort Walton Beach, Florida

The data and analysis on this page pertains to Fort Walton
Beach-Crestview-Destin, FL, hereinafter referred to as "Fort Walton Beach".
The all time high in the Fort Walton Beach Home Price Index was 274.7 in the
2nd Quarter, of 2006. The 1st Quarter, 2018 index value was 242.5. That's a
decline of 32.17 points or 11.71% below the Fort Walton Beach Home Price
Index all time high.  The Home Price Index indicates that the Fort Walton Beach
Market is up 3% over the last 10 years. Home prices in the Fort Walton Beach
Real Estate Market have gained 7.61% over the last 12 months. Over the last
thirty years, it is up 186%.

The 1st Quarter index value was 14.35 points higher than the 4th Quarter,
2017 index value of 228.18, resulting in a 6.29% rise in the 1st Quarter for the
Fort Walton Beach Market.

The Fort Walton Beach Home Price Index increased in the last quarter after
falling in the previous quarter. 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 Fort Walton Beach
Real Estate Market was 37% in the twelve months ended with the 2nd Quarter
of 2005. The worst annual change in home values  in the Fort Walton Beach
Market was -14% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Fort Walton Beach Real Estate
Market over a three year period was 90% in the three years ended with the 4th
Quarter of 2005. The worst performance over a three year period in the Fort
Walton Beach Market was -29% in the three years ended with the 2nd Quarter
of 2010.

This page provides a long term graph of the Fort Walton Beach 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 Fort Walton Beach
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 Fort Walton Beach 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 Fort Walton Beach 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: Fort Walton Beach, Florida

The trend of Fort Walton Beach 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 Fort Walton Beach-Crestview-Destin, FL, hereinafter referred to as "Fort
Walton Beach".

Last Quarter:
During the 1st Quarter of 2018, Fort Walton Beach Home Prices had a rank of
3, with appreciation of 6.29%. 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, Fort Walton Beach Home Prices had a rank of 113,
with appreciation during the year of 7.61%. 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, Fort Walton Beach Home
Prices ranked 102, 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
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, Fort Walton Beach Home
Prices had a rank of 254, with appreciation during the decade of 3%. 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, Fort Walton Beach Home
Prices had a rank of 92, with total growth over the 20 year period of 112%. 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 Fort Walton Beach
Real Estate Market is available back to the 1st Quarter, of 1987. All calculations
are based on the quarterly value of the House Price Index for Fort Walton
Beach. 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 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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