Gainesville, FL - House Price Index (HPI)
Gainesville Real Estate Market Forecast  (FL)
100
1000
The House Price Index (HPI) shows changes in Gainesville, FL single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, June 23, 2015. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
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Gainesville Real Estate Market: Trend Outlook, Analysis & Statistics
1/75      1/1980        1/1985        1/1990        1/1995         1/2000        1/2005        1/2010         1/15
Commentary  18571
3rd Quarter, 2014 Housing Statistics: Gainesville, Florida


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 Gainesville housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Gainesville 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
Gainesville is 80% 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 Gainesville
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Gainesville housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Gainesville 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
Gainesville is 83% 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 Gainesville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Gainesville, Florida


Historical Home Price Appreciation
Last Quarter                                     4.20%
Last Year . . . . . . . . . . . . . . . . . . . .  8.2%
Last 5 Years                                     -13%
Last 10 Years . . . . . . . . . . . . . . . . . 2%
Last 20 Years                                   83%
Decline From All Time High               26.06%


Annual Home Price Appreciation Rates
1984        n/a
1985      22.48%
1986      4.08%
1987      1.58%
1988      -1.89%
1989      7.81%
1990      -0.22%
1991      2.10%
1992      3.18%
1993      1.13%
1994      4.21%
1995      4.80%
1996      1.62%
1997      4.26%
1998      4.17%
1999      5.57%
2000      1.56%
2001      10.18%
2002      7.07%
2003      9.95%
2004      14.69%
2005      20.85%
2006      10.69%
2007      -0.19%
2008      -9.97%
2009      -7.30%
2010      -4.50%
2011      -7.66%
2012      -7.25%
2013      2.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.20%         Rank: 26 of 381 (93rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.2%           Rank: 76 of 381 (80th Percentile)
Last 5 Years                              -13%           Rank: 374 of 381 (1st Percentile)
Last 10 Years  . . . . . . . . . . . .   2%              Rank: 272 of 381 (28th Percentile)
Last 20 Years                            83%            Rank: 143 of 378 (62nd Percentile)
Decline From All Time High        26.06%

The change in home prices for Gainesville, FL are shown above for five time
periods. For example: Gainesville appreciated 4.20% in the Last Quarter. At
that rate, the Gainesville Real Estate Market was ranked 26th out of 381
metropolitan Real Estate Markets. Gainesville was in the 93rd percentile. So
Gainesville, FL performed better in the Last Quarter than 93% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Gainesville, Florida

The all time high in the Gainesville Home Price Index was 247.0 in the 3rd
Quarter, of 2007. The 3rd Quarter, 2014 index value was 182.6. That's a
decline of 64.36 points or 26.06% below the Gainesville Home Price Index all
time high.  The Home Price Index indicates that the Gainesville Market is up 2%
over the last 10 years. Home prices in the Gainesville Real Estate Market have
gained 8.16% over the last 12 months.

The 3rd Quarter index value was 7.36 points higher than the 2nd Quarter, 2014
index value of 175.25, resulting in a 4.20% rise in the 3rd Quarter for the
Gainesville Market.

The Gainesville 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 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 Gainesville Real
Estate Market was 22% in the twelve months ended with the 4th Quarter of
1985. The worst annual change in home values  in the Gainesville Market was
-12% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Gainesville Real Estate Market over a
three year period was 58% in the three years ended with the 2nd Quarter of
2006. The worst performance over a three year period in the Gainesville Market
was -26% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Gainesville 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 Gainesville 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 Gainesville 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 Gainesville 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: Gainesville, Florida

The trend of Gainesville 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.

Last Quarter:
During the 3rd Quarter of 2014, Gainesville Home Prices had a rank of 26, with
appreciation of 4.20%. 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, Gainesville Home Prices had a rank of 76, with
appreciation during the year of 8.16%. 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, Gainesville Home Prices
ranked 374, with a total appreciation of -13.3%. 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, Gainesville Home Prices
had a rank of 272, with appreciation during the decade of 2%. 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, Gainesville Home Prices
had a rank of 143, with total growth over the 20 year period of 83%. 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 Gainesville Real Estate
Market is available back to the 3rd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Gainesville. 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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