Honolulu, HI - House Price Index (HPI)
Honolulu Real Estate Market Forecast
The House Price Index (HPI) shows changes in Honolulu, HI 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.
Honolulu Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  26977
2nd Quarter, 2017 Housing Statistics: Honolulu, Hawaii


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 Honolulu housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Honolulu is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Honolulu is 78% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Honolulu
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      71%

The forecast for the trend in the Honolulu housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Honolulu is 71%. In other words, when tested against historical
data, the forecasting methodology was correct 71% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Honolulu is 71% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Honolulu
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Honolulu, Hawaii


Historical Home Price Appreciation
Last Quarter                                     2.24%
Last Year . . . . . . . . . . . . . . . . . . . .  5.8%
Last 5 Years                                     36%
Last 10 Years . . . . . . . . . . . . . . . . . 25%
Last 20 Years                                   172%



Annual Home Price Appreciation Rates
1987      9.35%
1988      22.65%
1989      24.65%
1990      25.20%
1991      3.70%
1992      0.38%
1993      0.59%
1994      -1.17%
1995      1.35%
1996      -9.48%
1997      -4.74%
1998      -0.53%
1999      -2.37%
2000      4.42%
2001      6.79%
2002      8.08%
2003      12.71%
2004      23.28%
2005      23.72%
2006      6.25%
2007      3.31%
2008      -5.52%
2009      -5.87%
2010      2.03%
2011      -0.04%
2012      2.85%
2013      8.16%
2014      5.71%
2015      5.83%
2016      6.64%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.24%         Rank: 217 of 381 (43rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.8%           Rank: 171 of 381 (55th Percentile)
Last 5 Years                              36%            Rank: 89 of 381 (76th Percentile)
Last 10 Years  . . . . . . . . . . . .   25%            Rank: 34 of 381 (91st Percentile)
Last 20 Years                            172%          Rank: 22 of 379 (94th Percentile)


The change in home prices for Honolulu, HI are shown above for five time
periods. For example: Honolulu appreciated 2.24% in the Last Quarter. At that
rate, the Honolulu Real Estate Market was ranked 217th out of 381 metropolitan
Real Estate Markets. Honolulu was in the 43rd percentile. So Honolulu, HI
performed better in the Last Quarter than 43% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Honolulu, Hawaii

The all time high in the Honolulu Home Price Index was 240.6 in the 2nd
Quarter, of 2017.  The Home Price Index indicates that the Honolulu Market is
up 25% over the last 10 years. Home prices in the Honolulu Real Estate Market
have gained 5.80% over the last 12 months. Over the last thirty years, it is up
392%.

The 2nd Quarter index value was 5.28 points higher than the 1st Quarter, 2017
index value of 235.27, resulting in a 2.24% rise in the 2nd Quarter for the
Honolulu Market.

The Honolulu Home Price Index has increased for the last 22 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 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, with
declines in the last 3 consecutive quarters.

The highest annual change in the value of houses in the Honolulu Real Estate
Market was 71% in the twelve months ended with the 4th Quarter of 1982. The
worst annual change in home values  in the Honolulu Market was -53% in the
twelve months ended with the 4th Quarter of 1981.

The highest growth in home values in the Honolulu Real Estate Market over a
three year period was 117% in the three years ended with the 4th Quarter of
1984. The worst performance over a three year period in the Honolulu Market
was -15% in the three years ended with the 3rd Quarter of 1997.

This page provides a long term graph of the Honolulu Home Price Index
(above). For information about Hawaii 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 Honolulu 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 Honolulu 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 Honolulu 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
2nd Quarter, 2017 Housing Data: Honolulu, Hawaii

The trend of Honolulu 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 2nd Quarter of 2017, Honolulu Home Prices had a rank of 217, with
appreciation of 2.24%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Honolulu Home Prices had a rank of 171, with
appreciation during the year of 5.80%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Honolulu Home Prices
ranked 89, with a total appreciation of 35.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Honolulu Home Prices
had a rank of 34, with appreciation during the decade of 25%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Honolulu Home Prices
had a rank of 22, with total growth over the 20 year period of 172%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
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 Honolulu Real Estate
Market is available back to the 2nd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Honolulu. 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 Monday, November 27, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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