Las Vegas, NV - House Price Index (HPI)
Las Vegas Real Estate Market Forecast  (NV)
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1000
The House Price Index (HPI) shows changes in Las Vegas-Paradise, NV single family home prices
in
logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, June 30, 2015.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Las Vegas Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18636
3rd Quarter, 2014 Housing Statistics: Las Vegas, Nevada


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      77%

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 Las Vegas housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Las Vegas is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Las
Vegas is 77% 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 Las Vegas
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the Las Vegas housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Las Vegas is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Las
Vegas is 73% 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 Las Vegas
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Las Vegas, Nevada


Historical Home Price Appreciation
Last Quarter                         3.45%
Last Year                              16.9%
Last 5 Years                         17%
Last 10 Years                       -27%
Last 20 Years                       50%
Decline From All Time High   41.59%


Annual Home Price Appreciation Rates
1984      0.34%
1985      6.31%
1986      2.07%
1987      0.24%
1988      4.69%
1989      6.99%
1990      8.36%
1991      5.65%
1992      1.81%
1993      1.06%
1994      -1.50%
1995      4.92%
1996      1.32%
1997      3.10%
1998      2.74%
1999      1.13%
2000      5.36%
2001      6.84%
2002      5.54%
2003      13.39%
2004      38.99%
2005      15.10%
2006      4.84%
2007      -8.33%
2008      -34.95%
2009      -19.51%
2010      -6.15%
2011      -12.15%
2012      5.51%
2013      26.19%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.45%         Rank: 43 of 381 (88th Percentile)
Last Year  . . . . . . . . . . . . . . . .  16.9%          Rank: 7 of 381 (98th Percentile)
Last 5 Years                              17%            Rank: 44 of 381 (88th Percentile)
Last 10 Years  . . . . . . . . . . . .   -27%           Rank: 381 of 381 (Bottom .00%)
Last 20 Years                            50%            Rank: 337 of 378 (10th Percentile)
Decline From All Time High        41.59%

The change in home prices for Las Vegas-Henderson-Paradise, NV are shown
above for five time periods. For example: Las Vegas appreciated 3.45% in the
Last Quarter. At that rate, the Las Vegas Real Estate Market was ranked 43rd
out of 381 metropolitan Real Estate Markets. Las Vegas was in the 88th
percentile. So Las Vegas, NV performed better in the Last Quarter than 88% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Las Vegas, Nevada

The data and analysis on this page pertains to Las
Vegas-Henderson-Paradise, NV, hereinafter referred to as "Las Vegas". The all
time high in the Las Vegas Home Price Index was 256.0 in the 4th Quarter, of
2006. The 3rd Quarter, 2014 index value was 149.5. That's a decline of 106.46
points or 41.59% below the Las Vegas Home Price Index all time high.  The
Home Price Index indicates that the Las Vegas Market is down 27% over the
last 10 years. Home prices in the Las Vegas Real Estate Market have gained
16.88% over the last 12 months. Over the last thirty years, it is up 112%.

The 3rd Quarter index value was 4.98 points higher than the 2nd Quarter, 2014
index value of 144.55, resulting in a 3.45% rise in the 3rd Quarter for the Las
Vegas Market.

The Las Vegas Home Price Index has increased for the last 10 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 Las Vegas Real
Estate Market was 44% in the twelve months ended with the 3rd Quarter of
2004. The worst annual change in home values  in the Las Vegas Market was
-35% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Las Vegas Real Estate Market over a
three year period was 84% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Las Vegas Market
was -52% in the three years ended with the 1st Quarter of 2010.

This page provides a long term graph of the Las Vegas Home Price Index
(above). For information about Nevada 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 Las Vegas 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 Las Vegas 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 Las Vegas 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: Las Vegas, Nevada

The trend of Las Vegas 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 Las Vegas-Henderson-Paradise, NV, hereinafter referred to as "Las Vegas".

Last Quarter:
During the 3rd Quarter of 2014, Las Vegas Home Prices had a rank of 43, with
appreciation of 3.45%. 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, Las Vegas Home Prices had a rank of 7, with
appreciation during the year of 16.88%. 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, Las Vegas Home Prices
ranked 44, with a total appreciation of 16.5%. 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, Las Vegas Home Prices
had the worst performance in the country, with appreciation during the decade
of -27%. The top performer during the period was Midland, TX, with
appreciation of 129%.
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, Las Vegas Home Prices
had a rank of 337, with total growth over the 20 year period of 50%. 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 Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Las Vegas. 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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