Fort Walton Beach, FL - House Price Index (HPI)
Fort Walton Beach Real Estate Market Forecast
100
1000
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.  Updated Monday, June
22, 2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Fort Walton Beach Real Estate Market: Trend Outlook & Analysis
Commentary  18566
3rd Quarter, 2014 Housing Statistics: Fort Walton Beach, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 3rd Quarter of 2015 is UP. The Accuracy of the
Trend Projection for Fort Walton Beach is 81%. In other words, when tested
against historical data, the forecasting methodology was correct 81% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in Fort Walton Beach is 81% during this period. If this Housing
Market Forecast is correct, home prices will be higher in the 3rd Quarter of
2015 than they were in the 3rd Quarter of 2014. Check this page each quarter
for updates to the Fort Walton Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Fort Walton Beach housing market for the 3
years ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Fort Walton Beach is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Fort Walton Beach is 82% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 3rd Quarter of 2017 than
they were in the 3rd Quarter of 2014. Check this page each quarter for updates
to the Fort Walton Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Fort Walton Beach, Florida


Historical Home Price Appreciation
Last Quarter                                     2.19%
Last Year . . . . . . . . . . . . . . . . . . . .  4.2%
Last 5 Years                                     -3%
Last 10 Years . . . . . . . . . . . . . . . . . 1%
Last 20 Years                                   92%
Decline From All Time High               29.50%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987      -5.02%
1988      6.01%
1989      2.86%
1990      -2.28%
1991      3.22%
1992      7.63%
1993      4.81%
1994      -0.48%
1995      7.38%
1996      3.71%
1997      6.06%
1998      3.54%
1999      0.62%
2000      5.59%
2001      6.03%
2002      6.50%
2003      13.75%
2004      27.88%
2005      30.22%
2006      1.44%
2007      -9.18%
2008      -14.28%
2009      -7.47%
2010      -3.20%
2011      -3.97%
2012      -0.76%
2013      3.29%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.19%         Rank: 123 of 381 (67th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.2%           Rank: 182 of 381 (52nd Percentile)
Last 5 Years                              -3%             Rank: 270 of 381 (29th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 276 of 381 (27th Percentile)
Last 20 Years                            92%            Rank: 111 of 378 (70th Percentile)
Decline From All Time High        29.50%

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
2.19% in the Last Quarter. At that rate, the Fort Walton Beach Real Estate
Market was ranked 123rd out of 381 metropolitan Real Estate Markets. Fort
Walton Beach was in the 67th percentile. So Fort Walton Beach, FL performed
better in the Last Quarter than 67% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 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 273.9 in the
2nd Quarter, of 2006. The 3rd Quarter, 2014 index value was 193.1. That's a
decline of 80.79 points or 29.50% below the Fort Walton Beach Home Price
Index all time high.  The Home Price Index indicates that the Fort Walton Beach
Market is up 1% over the last 10 years. Home prices in the Fort Walton Beach
Real Estate Market have gained 4.15% over the last 12 months.

The 3rd Quarter index value was 4.14 points higher than the 2nd Quarter, 2014
index value of 188.97, resulting in a 2.19% rise in the 3rd Quarter for the Fort
Walton Beach Market.

The Fort Walton Beach 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 13 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Terre Haute, IN, 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 89% 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
3rd Quarter, 2014 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 3rd Quarter of 2014, Fort Walton Beach Home Prices had a rank of
123, with appreciation of 2.19%. The top performing real estate market during
the 3rd Quarter was Johnstown, PA, with a rise of 7.10%. The worst market
during that period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Fort Walton Beach Home Prices had a rank of 182,
with appreciation during the year of 4.15%. The top performing market during
the last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Fort Walton Beach Home
Prices ranked 270, with a total appreciation of -2.9%. The top performing real
estate market during the 5 year period was Merced, CA, with a growth in value
of 45%. The worst market during that period was Ocala, FL, with appreciation of
-16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Fort Walton Beach
Home Prices had a rank of 276, with appreciation during the decade of 1%. The
top performing market during the period was Midland, TX, with a rise of 129%.
The worst real estate market during the 10 year time period was Las Vegas,
NV, with appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Fort Walton Beach
Home Prices had a rank of 111, with total growth over the 20 year period of
92%. The top performing real estate market during the period was San
Francisco, CA, with an increase of 229%. The worst market during the last 20
years was Rockford, IL, with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

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.)





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