Myrtle Beach, SC - House Price Index (HPI)
100
1000
The House Price Index (HPI) shows changes in Myrtle Beach-North Myrtle Beach-Conway, SC single
family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Monday,
July 6, 2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Myrtle Beach Real Estate Market: Trend Outlook, Analysis & Statistics
Myrtle Beach Real Estate Market - Home Price Forecast
Commentary  18678
3rd Quarter, 2014 Housing Statistics: Myrtle Beach, South 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 Myrtle Beach housing market for the
12 months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the
Trend Projection for Myrtle Beach 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 Myrtle Beach is 87% 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
Myrtle Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Myrtle Beach housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Myrtle Beach 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 Myrtle Beach is 87% 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
Myrtle Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Myrtle Beach, South Carolina


Historical Home Price Appreciation
Last Quarter                         -0.63%
Last Year                              4.3%
Last 5 Years                         -13%
Last 10 Years                       5%
Last 20 Years                       89%
Decline From All Time High   26.31%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987      2.15%
1988      2.03%
1989      0.42%
1990      -0.42%
1991      6.11%
1992      4.07%
1993      1.60%
1994      4.14%
1995      6.07%
1996      7.10%
1997      5.56%
1998      5.97%
1999      3.87%
2000      4.92%
2001      6.00%
2002      3.00%
2003      6.19%
2004      13.93%
2005      18.54%
2006      13.43%
2007      0.58%
2008      -7.37%
2009      -8.95%
2010      -5.49%
2011      -6.65%
2012      -4.93%
2013      0.06%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.63%        Rank: 342 of 381 (10th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.3%           Rank: 171 of 381 (55th Percentile)
Last 5 Years                              -13%           Rank: 375 of 381 (1st Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 237 of 381 (37th Percentile)
Last 20 Years                            89%            Rank: 123 of 378 (67th Percentile)
Decline From All Time High        26.31%

The change in home prices for Myrtle Beach-Conway-North Myrtle Beach,
SC-NC are shown above for five time periods. For example: Myrtle Beach
appreciated -0.63% in the Last Quarter. At that rate, the Myrtle Beach Real
Estate Market was ranked 342nd out of 381 metropolitan Real Estate Markets.
Myrtle Beach was in the 10th percentile. So Myrtle Beach, SC performed better
in the Last Quarter than 10% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Myrtle Beach, South Carolina

The data and analysis on this page pertains to Myrtle Beach-Conway-North
Myrtle Beach, SC-NC, hereinafter referred to as "Myrtle Beach". The all time
high in the Myrtle Beach Home Price Index was 248.5 in the 1st Quarter, of
2007. The 3rd Quarter, 2014 index value was 183.1. That's a decline of 65.37
points or 26.31% below the Myrtle Beach Home Price Index all time high.  The
Home Price Index indicates that the Myrtle Beach Market is up 5% over the last
10 years. Home prices in the Myrtle Beach Real Estate Market have gained
4.30% over the last 12 months.

The 3rd Quarter index value was 1.16 points lower than the 2nd Quarter, 2014
index value of 184.24, resulting in a 0.63% decline for the 3rd Quarter in the
Myrtle Beach Market.

The Myrtle Beach Home Price Index declined in the last quarter after increasing
in the previous 2 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 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 highest annual change in the value of houses in the Myrtle Beach Real
Estate Market was 23% in the twelve months ended with the 1st Quarter of
2006. The worst annual change in home values  in the Myrtle Beach Market
was -13% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Myrtle Beach Real Estate Market over
a three year period was 53% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Myrtle Beach
Market was -25% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Myrtle Beach Home Price Index
(above). For information about South 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 Myrtle Beach 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 Myrtle Beach 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 Myrtle Beach 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: Myrtle Beach, South Carolina

The trend of Myrtle Beach 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 Myrtle Beach-Conway-North Myrtle Beach, SC-NC, hereinafter referred to as
"Myrtle Beach".

Last Quarter:
During the 3rd Quarter of 2014, Myrtle Beach Home Prices had a rank of 342,
with appreciation of -0.63%. 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, Myrtle Beach Home Prices had a rank of 171, with
appreciation during the year of 4.30%. 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, Myrtle Beach Home
Prices ranked 375, with a total appreciation of -13.3%. 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, Myrtle Beach Home
Prices had a rank of 237, with appreciation during the decade of 5%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
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, Myrtle Beach Home
Prices had a rank of 123, with total growth over the 20 year period of 89%. 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 Myrtle Beach Real
Estate Market is available back to the 4th Quarter, of 1988. All calculations are
based on the quarterly value of the House Price Index for Myrtle Beach. 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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