Lake County, IL - House Price Index (HPI)
Lake County Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Lake County-Kenosha County, IL-WI 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 County Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  389.56
4th Quarter, 2017 Housing Statistics: Lake County, Illinois


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

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 County housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Lake County 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 Lake County is 89% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 4th Quarter of 2018 than they were
in the 4th Quarter of 2017. Check this page each quarter for updates to the
Lake County Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Lake County housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Lake County is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Lake County is 84% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 4th Quarter of 2020 than they were
in the 4th Quarter of 2017. Check this page each quarter for updates to the
Lake County Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Lake County, Illinois


Historical Home Price Appreciation
Last Quarter                         -0.41%
Last Year                              4.1%
Last 5 Years                         19%
Last 10 Years                       -13%
Last 20 Years                       44%
Decline From All Time High   13.21%


Annual Home Price Appreciation Rates
1988      11.04%
1989      7.28%
1990      4.70%
1991      4.45%
1992      2.98%
1993      3.10%
1994      2.92%
1995      4.32%
1996      2.68%
1997      2.82%
1998      2.98%
1999      4.68%
2000      7.20%
2001      6.12%
2002      6.39%
2003      6.51%
2004      8.06%
2005      7.15%
2006      3.11%
2007      -0.60%
2008      -6.86%
2009      -9.64%
2010      -4.01%
2011      -6.52%
2012      -2.42%
2013      2.95%
2014      4.44%
2015      3.06%
2016      2.82%
2017      4.06%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.41%        Rank: 290 of 381 (23rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.1%           Rank: 253 of 381 (33rd Percentile)
Last 5 Years                              19%            Rank: 198 of 381 (48th Percentile)
Last 10 Years  . . . . . . . . . . . .   -13%           Rank: 362 of 381 (5th Percentile)
Last 20 Years                            44%            Rank: 336 of 379 (11th Percentile)
Decline From All Time High        13.21%

The change in home prices for Lake County-Kenosha County, IL-WI are shown
above for five time periods. For example: Lake County appreciated -0.41% in
the Last Quarter. At that rate, the Lake County Real Estate Market was ranked
290th out of 381 metropolitan Real Estate Markets. Lake County was in the
23rd percentile. So Lake County, IL performed better in the Last Quarter than
23% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Lake County, Illinois

The data and analysis on this page pertains to Lake County-Kenosha County,
IL-WI, hereinafter referred to as "Lake County". The all time high in the Lake
County Home Price Index was 180.9 in the 1st Quarter, of 2007. The 4th
Quarter, 2017 index value was 157.0. That's a decline of 23.90 points or
13.21% below the Lake County Home Price Index all time high.  The Home Price
Index indicates that the Lake County Market is down 13% over the last 10
years. Home prices in the Lake County Real Estate Market have gained 4.06%
over the last 12 months. Over the last thirty years, it is up 126%.

The 4th Quarter index value was 0.64 points lower than the 3rd Quarter, 2017
index value of 157.61, resulting in a 0.41% decline for the 4th Quarter in the
Lake County Market.

The Lake County Home Price Index declined in the last quarter after increasing
in the previous 18 quarters. The current record holders for consecutive
declines in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana,
TX-AR; Springfield, MA and Peoria, IL, with declines in 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 26 consecutive quarters.

The highest annual change in the value of houses in the Lake County Real
Estate Market was 22% in the twelve months ended with the 4th Quarter of
1981. The worst annual change in home values  in the Lake County Market was
-11% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Lake County Real Estate Market over
a three year period was 36% in the three years ended with the 3rd Quarter of
1988. The worst performance over a three year period in the Lake County
Market was -22% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Lake County Home Price Index
(above). For information about Illinois 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 County 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 County 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 County 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
4th Quarter, 2017 Housing Data: Lake County, Illinois

The trend of Lake County 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. The data and analysis on this page pertains
to Lake County-Kenosha County, IL-WI, hereinafter referred to as "Lake
County".

Last Quarter:
During the 4th Quarter of 2017, Lake County Home Prices had a rank of 290,
with appreciation of -0.41%. The top performing real estate market during the
4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during
that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Lake County Home Prices had a rank of 253, with
appreciation during the year of 4.06%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Lake County Home Prices
ranked 198, with a total appreciation of 18.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Lake County Home
Prices had a rank of 362, with appreciation during the decade of -13%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Lake County Home
Prices had a rank of 336, with total growth over the 20 year period of 44%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 280%. The worst market during the last 20 years was
Saginaw, MI, 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 89%.

Historical research data on the Home Price Index for the Lake County Real
Estate Market is available back to the 1st Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Lake County. 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, April 2, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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