Jacksonville, NC - House Price Index (HPI)
Jacksonville Real Estate Market Forecast  (NC)
The House Price Index (HPI) shows changes in Jacksonville, NC 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.
Jacksonville Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27753
3rd Quarter, 2017 Housing Statistics: Jacksonville, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      87%

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 2018 is UP. The Accuracy of the Trend
Projection for Jacksonville is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 87% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 3rd Quarter of 2018 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Jacksonville Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Jacksonville housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Jacksonville is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 85% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 3rd Quarter of 2020 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Jacksonville Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Jacksonville, North Carolina


Historical Home Price Appreciation
Last Quarter                         -3.28%
Last Year                              0.0%
Last 5 Years                         -4%
Last 10 Years                       -13%
Last 20 Years                       59%
Decline From All Time High   15.94%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      1.35%
1995      1.68%
1996      5.13%
1997      1.04%
1998      7.77%
1999      1.92%
2000      1.07%
2001      8.29%
2002      0.54%
2003      9.36%
2004      6.70%
2005      15.00%
2006      11.56%
2007      4.48%
2008      -0.04%
2009      -0.64%
2010      -0.42%
2011      -8.01%
2012      -1.12%
2013      -2.49%
2014      -5.69%
2015      -2.91%
2016      8.60%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -3.28%        Rank: 374 of 381 (1st Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.0%           Rank: 355 of 381 (6th Percentile)
Last 5 Years                              -4%             Rank: 380 of 381 (Bottom .20%)
Last 10 Years  . . . . . . . . . . . .   -13%           Rank: 356 of 381 (6th Percentile)
Last 20 Years                            59%            Rank: 282 of 379 (25th Percentile)
Decline From All Time High        15.94%

The change in home prices for Jacksonville, NC are shown above for five time
periods. For example: Jacksonville appreciated -3.28% in the Last Quarter. At
that rate, the Jacksonville Real Estate Market was ranked 374th out of 381
metropolitan Real Estate Markets. Jacksonville was in the 1st percentile. So
Jacksonville, NC performed better in the Last Quarter than 1% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Jacksonville, North Carolina

The all time high in the Jacksonville Home Price Index was 218.6 in the 1st
Quarter, of 2009. The 3rd Quarter, 2017 index value was 183.7. That's a
decline of 34.83 points or 15.94% below the Jacksonville Home Price Index all
time high.  The Home Price Index indicates that the Jacksonville Market is down
13% over the last 10 years. Home prices in the Jacksonville Real Estate Market
have gained 0.04% over the last 12 months.

The 3rd Quarter index value was 6.23 points lower than the 2nd Quarter, 2017
index value of 189.97, resulting in a 3.28% decline for the 3rd Quarter in the
Jacksonville Market.

The Jacksonville Home Price Index has declined for the last 2 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Carbondale, IL, with declines in the last 3 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 25
consecutive quarters.

The highest annual change in the value of houses in the Jacksonville Real
Estate Market was 17% in the twelve months ended with the 1st Quarter of
2006. The worst annual change in home values  in the Jacksonville Market was
-8% in the twelve months ended with the 2nd Quarter of 2014.

The highest growth in home values in the Jacksonville Real Estate Market over
a three year period was 40% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Jacksonville
Market was -14% in the three years ended with the 2nd Quarter of 2014.

This page provides a long term graph of the Jacksonville Home Price Index
(above). For information about North Carolina 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, 2017 Housing Data: Jacksonville, North Carolina

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 2017, Jacksonville Home Prices had a rank of 374,
with appreciation of -3.28%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Jacksonville Home Prices had a rank of 355, with
appreciation during the year of 0.04%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Jacksonville Home Prices
ranked 380, with a total appreciation of -4.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Jacksonville Home
Prices had a rank of 356, with appreciation during the decade of -13%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Jacksonville Home
Prices had a rank of 282, with total growth over the 20 year period of 59%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 283%. The worst market during the last 20 years was
Mansfield, OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Jacksonville Real
Estate Market is available back to the 4th Quarter, of 1993. 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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Friday, January 12, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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