Mount Vernon, WA - House Price Index (HPI)
Mount Vernon Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Mount Vernon-Anacortes, WA 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
Mount Vernon Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1197.56
1st Quarter, 2018 Housing Statistics: Mount Vernon, Washington


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 Mount Vernon housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Mount Vernon 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 Mount Vernon is 89% 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 Mount Vernon Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Mount Vernon housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Mount Vernon 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 Mount Vernon 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 Mount Vernon Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Mount Vernon, Washington


Historical Home Price Appreciation
Last Quarter                         -0.18%
Last Year                              9.1%
Last 5 Years                         45%
Last 10 Years                       8%
Last 20 Years                       124%
Decline From All Time High   0.18%


Annual Home Price Appreciation Rates
1988      4.61%
1989      21.31%
1990      27.48%
1991      5.09%
1992      5.55%
1993      4.66%
1994      6.05%
1995      5.96%
1996      0.77%
1997      1.73%
1998      5.68%
1999      2.55%
2000      5.83%
2001      4.90%
2002      4.80%
2003      5.75%
2004      11.70%
2005      19.60%
2006      13.30%
2007      3.64%
2008      -6.60%
2009      -7.56%
2010      -5.03%
2011      -7.90%
2012      -2.93%
2013      6.15%
2014      2.78%
2015      8.47%
2016      10.03%
2017      12.60%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.18%        Rank: 297 of 381 (22nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.1%           Rank: 61 of 381 (84th Percentile)
Last 5 Years                              45%            Rank: 71 of 381 (81st Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 190 of 381 (50th Percentile)
Last 20 Years                            124%          Rank: 64 of 379 (83rd Percentile)
Decline From All Time High        0.18%

The change in home prices for Mount Vernon-Anacortes, WA are shown above
for five time periods. For example: Mount Vernon appreciated -0.18% in the
Last Quarter. At that rate, the Mount Vernon Real Estate Market was ranked
297th out of 381 metropolitan Real Estate Markets. Mount Vernon was in the
22nd percentile. So Mount Vernon, WA performed better in the Last Quarter
than 22% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Mount Vernon, Washington

The data and analysis on this page pertains to Mount Vernon-Anacortes, WA,
hereinafter referred to as "Mount Vernon". The all time high in the Mount
Vernon Home Price Index was 243.9 in the 4th Quarter, of 2017. The 1st
Quarter, 2018 index value was 243.5. That's a decline of 0.43 points or 0.18%
below the Mount Vernon Home Price Index all time high.  The Home Price Index
indicates that the Mount Vernon Market is up 8% over the last 10 years. Home
prices in the Mount Vernon Real Estate Market have gained 9.07% over the last
12 months. Over the last thirty years, it is up 341%.

The 1st Quarter index value was 0.43 points lower than the 4th Quarter, 2017
index value of 243.93, resulting in a 0.18% decline for the 1st Quarter in the
Mount Vernon Market.

The Mount Vernon Home Price Index declined in the last quarter after
increasing in the previous 6 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 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 highest annual change in the value of houses in the Mount Vernon Real
Estate Market was 27% in the twelve months ended with the 3rd Quarter of
1990. The worst annual change in home values  in the Mount Vernon Market
was -11% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Mount Vernon Real Estate Market
over a three year period was 69% in the three years ended with the 2nd
Quarter of 1991. The worst performance over a three year period in the Mount
Vernon Market was -22% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Mount Vernon Home Price Index
(above). For information about Washington 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 Mount Vernon
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 Mount Vernon 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 Mount Vernon 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: Mount Vernon, Washington

The trend of Mount Vernon 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 Mount Vernon-Anacortes, WA, hereinafter referred to as "Mount Vernon".

Last Quarter:
During the 1st Quarter of 2018, Mount Vernon Home Prices had a rank of 297,
with appreciation of -0.18%. 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, Mount Vernon Home Prices had a rank of 61, with
appreciation during the year of 9.07%. 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, Mount Vernon Home
Prices ranked 71, with a total appreciation of 44.9%. 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, Mount Vernon Home
Prices had a rank of 190, with appreciation during the decade of 8%. 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, Mount Vernon Home
Prices had a rank of 64, with total growth over the 20 year period of 124%. 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 Mount Vernon Real
Estate Market is available back to the 2nd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Mount Vernon. 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, July 23, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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