Glens Falls, NY - House Price Index (HPI)
Glens Falls Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Glens Falls, NY 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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Glens Falls 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  18574
3rd Quarter, 2014 Housing Statistics: Glens Falls, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      58%

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 Glens Falls housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Glens Falls is 58%. In other words, when tested against historical
data, the forecasting methodology was correct 58% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Glens Falls is 58% 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 Glens Falls
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      62%

The forecast for the trend in the Glens Falls housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Glens Falls is 62%. In other words, when tested against historical
data, the forecasting methodology was correct 62% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Glens Falls is 62% 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 Glens Falls
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Glens Falls, New York


Historical Home Price Appreciation
Last Quarter                                     1.56%
Last Year . . . . . . . . . . . . . . . . . . . .  0.1%
Last 5 Years                                     -5%
Last 10 Years . . . . . . . . . . . . . . . . . 26%
Last 20 Years                                   92%
Decline From All Time High               9.86%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992      1.06%
1993      -0.37%
1994      -6.06%
1995      6.68%
1996      -7.71%
1997      5.37%
1998      0.61%
1999      2.91%
2000      2.40%
2001      5.85%
2002      9.51%
2003      11.11%
2004      14.75%
2005      15.22%
2006      7.43%
2007      3.57%
2008      0.57%
2009      -5.63%
2010      0.61%
2011      -2.33%
2012      -0.65%
2013      1.61%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.56%         Rank: 173 of 381 (54th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.1%           Rank: 344 of 381 (9th Percentile)
Last 5 Years                              -5%             Rank: 308 of 381 (19th Percentile)
Last 10 Years  . . . . . . . . . . . .   26%            Rank: 57 of 381 (85th Percentile)
Last 20 Years                            92%            Rank: 114 of 378 (70th Percentile)
Decline From All Time High        9.86%

The change in home prices for Glens Falls, NY are shown above for five time
periods. For example: Glens Falls appreciated 1.56% in the Last Quarter. At
that rate, the Glens Falls Real Estate Market was ranked 173rd out of 381
metropolitan Real Estate Markets. Glens Falls was in the 54th percentile. So
Glens Falls, NY performed better in the Last Quarter than 54% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Glens Falls, New York

The all time high in the Glens Falls Home Price Index was 202.6 in the 1st
Quarter, of 2008. The 3rd Quarter, 2014 index value was 182.6. That's a
decline of 19.97 points or 9.86% below the Glens Falls Home Price Index all
time high.  The Home Price Index indicates that the Glens Falls Market is up
26% over the last 10 years. Home prices in the Glens Falls Real Estate Market
have gained 0.13% over the last 12 months.

The 3rd Quarter index value was 2.80 points higher than the 2nd Quarter, 2014
index value of 179.78, resulting in a 1.56% rise in the 3rd Quarter for the Glens
Falls Market.

The Glens Falls Home Price Index increased in the last quarter after falling in
the previous 2 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 Glens Falls Real
Estate Market was 18% in the twelve months ended with the 3rd Quarter of
2005. The worst annual change in home values  in the Glens Falls Market was
-9% in the twelve months ended with the 3rd Quarter of 1994.

The highest growth in home values in the Glens Falls Real Estate Market over a
three year period was 54% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Glens Falls
Market was -11% in the three years ended with the 1st Quarter of 1997.

This page provides a long term graph of the Glens Falls Home Price Index
(above). For information about New York 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 Glens Falls 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 Glens Falls 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 Glens Falls 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: Glens Falls, New York

The trend of Glens Falls 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, Glens Falls Home Prices had a rank of 173,
with appreciation of 1.56%. 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, Glens Falls Home Prices had a rank of 344, with
appreciation during the year of 0.13%. 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, Glens Falls Home Prices
ranked 308, with a total appreciation of -5.2%. 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, Glens Falls Home Prices
had a rank of 57, with appreciation during the decade of 26%. 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, Glens Falls Home Prices
had a rank of 114, 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 Glens Falls Real
Estate Market is available back to the 3rd Quarter, of 1992. All calculations are
based on the quarterly value of the House Price Index for Glens Falls. 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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