Lake Charles, LA - House Price Index (HPI)
Lake Charles Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Lake Charles, LA 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.
10
Lake Charles Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1150.56
1st Quarter, 2018 Housing Statistics: Lake Charles, Louisiana


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 Lake Charles housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Lake Charles 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 Lake Charles is 80% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 1st Quarter of 2019 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Lake Charles Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Lake Charles housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Lake Charles is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Lake Charles is 82% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 1st Quarter of 2021 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Lake Charles Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Lake Charles, Louisiana


Historical Home Price Appreciation
Last Quarter                         0.75%
Last Year                              5.7%
Last 5 Years                         29%
Last 10 Years                       31%
Last 20 Years                       102%



Annual Home Price Appreciation Rates
1988        n/a
1989      8.88%
1990      -7.07%
1991      3.48%
1992      3.04%
1993      4.74%
1994      5.01%
1995      6.61%
1996      3.49%
1997      1.38%
1998      6.97%
1999      0.34%
2000      1.32%
2001      6.07%
2002      3.57%
2003      2.09%
2004      3.91%
2005      8.66%
2006      10.89%
2007      2.37%
2008      1.19%
2009      1.85%
2010      -0.69%
2011      -0.04%
2012      2.17%
2013      0.83%
2014      7.05%
2015      6.55%
2016      4.57%
2017      4.86%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.75%         Rank: 232 of 381 (39th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.7%           Rank: 208 of 381 (45th Percentile)
Last 5 Years                              29%            Rank: 125 of 381 (67th Percentile)
Last 10 Years  . . . . . . . . . . . .   31%            Rank: 25 of 381 (93rd Percentile)
Last 20 Years                            102%          Rank: 117 of 379 (69th Percentile)


The change in home prices for Lake Charles, LA are shown above for five time
periods. For example: Lake Charles appreciated 0.75% in the Last Quarter. At
that rate, the Lake Charles Real Estate Market was ranked 232nd out of 381
metropolitan Real Estate Markets. Lake Charles was in the 39th percentile. So
Lake Charles, LA performed better in the Last Quarter than 39% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Lake Charles, Louisiana

The all time high in the Lake Charles Home Price Index was 228.8 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the Lake Charles Market
is up 31% over the last 10 years. Home prices in the Lake Charles Real Estate
Market have gained 5.65% over the last 12 months.

The 1st Quarter index value was 1.70 points higher than the 4th Quarter, 2017
index value of 227.06, resulting in a 0.75% rise in the 1st Quarter for the Lake
Charles Market.

The Lake Charles 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Lake Charles Real
Estate Market was 14% in the twelve months ended with the 2nd Quarter of
2006. The worst annual change in home values  in the Lake Charles Market
was -7% in the twelve months ended with the 4th Quarter of 1990.

The highest growth in home values in the Lake Charles Real Estate Market
over a three year period was 27% in the three years ended with the 3rd Quarter
of 2007. The worst performance over a three year period in the Lake Charles
Market was -3% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Lake Charles Home Price Index
(above). For information about Louisiana 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 Lake Charles 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 Lake Charles 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 Lake Charles 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
1st Quarter, 2018 Housing Data: Lake Charles, Louisiana

The trend of Lake Charles 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 1st Quarter of 2018, Lake Charles Home Prices had a rank of 232,
with appreciation of 0.75%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Lake Charles Home Prices had a rank of 208, with
appreciation during the year of 5.65%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Lake Charles Home
Prices ranked 125, with a total appreciation of 29.1%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
90%. The worst market during that period was Farmington, NM, with
appreciation of -4%.
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 1st Quarter of 2018, Lake Charles Home
Prices had a rank of 25, with appreciation during the decade of 31%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Lake Charles Home
Prices had a rank of 117, with total growth over the 20 year period of 102%.
The top performing real estate market during the period was San Francisco,
CA, with an increase of 282%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Lake Charles Real
Estate Market is available back to the 2nd Quarter, of 1988. All calculations are
based on the quarterly value of the House Price Index for Lake Charles. 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 Sunday, July 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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