Jacksonville, FL - House Price Index (HPI)
Jacksonville Real Estate Market Forecast  (FL)
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The House Price Index (HPI) shows changes in Jacksonville, FL single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, June 25, 2015.  Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Jacksonville Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18608
3rd Quarter, 2014 Housing Statistics: Jacksonville, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

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 Jacksonville housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Jacksonville is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 90% 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
Jacksonville Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      89%

The forecast for the trend in the Jacksonville housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Jacksonville is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 89% 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
Jacksonville Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         2.51%
Last Year                              7.5%
Last 5 Years                         -7%
Last 10 Years                       1%
Last 20 Years                       96%
Decline From All Time High   27.15%


Annual Home Price Appreciation Rates
1984      0.15%
1985      6.84%
1986      4.16%
1987      1.37%
1988      2.21%
1989      0.98%
1990      0.46%
1991      1.62%
1992      3.22%
1993      3.17%
1994      0.32%
1995      2.72%
1996      3.96%
1997      5.20%
1998      5.98%
1999      6.63%
2000      7.29%
2001      8.91%
2002      8.22%
2003      9.41%
2004      14.35%
2005      19.52%
2006      11.73%
2007      -3.34%
2008      -12.84%
2009      -10.86%
2010      -7.50%
2011      -6.46%
2012      -1.43%
2013      7.73%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.51%         Rank: 98 of 381 (74th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.5%           Rank: 87 of 381 (77th Percentile)
Last 5 Years                              -7%             Rank: 334 of 381 (12th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 278 of 381 (27th Percentile)
Last 20 Years                            96%            Rank: 93 of 378 (75th Percentile)
Decline From All Time High        27.15%

The change in home prices for Jacksonville, FL are shown above for five time
periods. For example: Jacksonville appreciated 2.51% in the Last Quarter. At
that rate, the Jacksonville Real Estate Market was ranked 98th out of 381
metropolitan Real Estate Markets. Jacksonville was in the 74th percentile. So
Jacksonville, FL performed better in the Last Quarter than 74% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The all time high in the Jacksonville Home Price Index was 268.0 in the 2nd
Quarter, of 2007. The 3rd Quarter, 2014 index value was 195.3. That's a
decline of 72.76 points or 27.15% below the Jacksonville Home Price Index all
time high.  The Home Price Index indicates that the Jacksonville Market is up
1% over the last 10 years. Home prices in the Jacksonville Real Estate Market
have gained 7.52% over the last 12 months. Over the last thirty years, it is up
142%.

The 3rd Quarter index value was 4.78 points higher than the 2nd Quarter, 2014
index value of 190.49, resulting in a 2.51% rise in the 3rd Quarter for the
Jacksonville Market.

The Jacksonville 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 Jacksonville Real
Estate Market was 21% in the twelve months ended with the 1st Quarter of
2006. The worst annual change in home values  in the Jacksonville Market was
-13% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Jacksonville Real Estate Market over
a three year period was 56% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Jacksonville
Market was -30% in the three years ended with the 1st Quarter of 2011.

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

The trend of Jacksonville 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, Jacksonville Home Prices had a rank of 98, with
appreciation of 2.51%. 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, Jacksonville Home Prices had a rank of 87, with
appreciation during the year of 7.52%. 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, Jacksonville Home Prices
ranked 334, with a total appreciation of -7.3%. 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, Jacksonville Home
Prices had a rank of 278, 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, Jacksonville Home
Prices had a rank of 93, with total growth over the 20 year period of 96%. 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 Jacksonville Real
Estate Market is available back to the 3rd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Jacksonville. 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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