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  326.56
4th Quarter, 2017 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 4th Quarter of 2018 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 4th Quarter of
2018 than they were in the 4th Quarter of 2017. 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 4th Quarter of 2020 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 4th Quarter of 2020 than
they were in the 4th Quarter of 2017. Check this page each quarter for updates
to the Fort Walton Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Fort Walton Beach, Florida


Historical Home Price Appreciation
Last Quarter                                     -0.05%
Last Year . . . . . . . . . . . . . . . . . . . .  4.8%
Last 5 Years                                     28%
Last 10 Years . . . . . . . . . . . . . . . . . -6%
Last 20 Years                                   104%
Decline From All Time High               16.08%


Annual Home Price Appreciation Rates
1988      3.54%
1989      3.59%
1990      -2.62%
1991      3.61%
1992      7.67%
1993      4.91%
1994      -0.36%
1995      6.99%
1996      3.91%
1997      5.71%
1998      3.68%
1999      0.87%
2000      5.35%
2001      6.10%
2002      6.56%
2003      13.64%
2004      27.90%
2005      30.80%
2006      1.44%
2007      -9.38%
2008      -14.46%
2009      -7.64%
2010      -3.17%
2011      -3.28%
2012      -1.00%
2013      1.78%
2014      3.72%
2015      4.77%
2016      10.26%
2017      4.80%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.05%        Rank: 268 of 381 (29th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.8%           Rank: 220 of 381 (42nd Percentile)
Last 5 Years                              28%            Rank: 122 of 381 (68th Percentile)
Last 10 Years  . . . . . . . . . . . .   -6%            Rank: 321 of 381 (15th Percentile)
Last 20 Years                            104%          Rank: 111 of 379 (70th Percentile)
Decline From All Time High        16.08%

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
-0.05% in the Last Quarter. At that rate, the Fort Walton Beach Real Estate
Market was ranked 268th out of 381 metropolitan Real Estate Markets. Fort
Walton Beach was in the 29th percentile. So Fort Walton Beach, FL performed
better in the Last Quarter than 29% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 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 4th Quarter, 2017 index value was 230.5. That's a
decline of 44.16 points or 16.08% below the Fort Walton Beach Home Price
Index all time high.  The Home Price Index indicates that the Fort Walton Beach
Market is down 6% over the last 10 years. Home prices in the Fort Walton
Beach Real Estate Market have gained 4.80% over the last 12 months. Over
the last thirty years, it is up 192%.

The 4th Quarter index value was 0.12 points lower than the 3rd Quarter, 2017
index value of 230.61, resulting in a 0.05% decline for the 4th Quarter in the
Fort Walton Beach Market.

The Fort Walton Beach Home Price Index declined in the last quarter after
increasing in the previous 3 quarters. The current record holders for
consecutive declines in the Home Price Index are Victoria, TX; Topeka, KS;
Texarkana, TX-AR; Springfield, MA and Peoria, IL, with declines in 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 26 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
4th Quarter, 2017 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 4th Quarter of 2017, Fort Walton Beach Home Prices had a rank of
268, with appreciation of -0.05%. The top performing real estate market during
the 4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market
during that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Fort Walton Beach Home Prices had a rank of 220,
with appreciation during the year of 4.80%. The top performing market during
the last year was Sebastian, FL, with an increase of 16.4%. The worst real
estate market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Fort Walton Beach Home
Prices ranked 122, with a total appreciation of 27.8%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
94%. The worst market during that period was Goldsboro, NC, with appreciation
of -5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Fort Walton Beach
Home Prices had a rank of 321, with appreciation during the decade of -6%.
The top performing market during the period was Denver, CO, with a rise of
65%. The worst real estate market during the 10 year time period was Atlantic
City, NJ, with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Fort Walton Beach
Home Prices had a rank of 111, with total growth over the 20 year period of
104%. The top performing real estate market during the period was San
Francisco, CA, with an increase of 280%. The worst market during the last 20
years was Saginaw, MI, 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 89%.

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, March 21, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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