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.  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  1200.56
1st Quarter, 2018 Housing Statistics: Myrtle Beach, South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

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 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Myrtle Beach is 88%. In other words, when tested against
historical data, the forecasting methodology was correct 88% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Myrtle Beach is 88% 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
Myrtle Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Myrtle Beach housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Myrtle Beach is 81%. In other words, when tested against
historical data, the forecasting methodology was correct 81% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Myrtle Beach is 81% 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
Myrtle Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Myrtle Beach, South Carolina


Historical Home Price Appreciation
Last Quarter                         1.95%
Last Year                              6.8%
Last 5 Years                         24%
Last 10 Years                       -12%
Last 20 Years                       80%
Decline From All Time High   12.60%


Annual Home Price Appreciation Rates
1988      2.23%
1989      0.59%
1990      -0.67%
1991      6.21%
1992      4.00%
1993      1.87%
1994      3.99%
1995      5.96%
1996      6.89%
1997      5.60%
1998      6.07%
1999      3.68%
2000      5.09%
2001      5.98%
2002      3.04%
2003      6.32%
2004      13.51%
2005      18.98%
2006      13.43%
2007      0.55%
2008      -7.45%
2009      -9.05%
2010      -5.45%
2011      -6.74%
2012      -5.25%
2013      -0.09%
2014      6.18%
2015      4.22%
2016      4.71%
2017      6.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.95%         Rank: 118 of 381 (69th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.8%           Rank: 153 of 381 (60th Percentile)
Last 5 Years                              24%            Rank: 153 of 381 (60th Percentile)
Last 10 Years  . . . . . . . . . . . .   -12%           Rank: 365 of 381 (4th Percentile)
Last 20 Years                            80%            Rank: 175 of 379 (53rd Percentile)
Decline From All Time High        12.60%

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 1.95% in the Last Quarter. At that rate, the Myrtle Beach Real
Estate Market was ranked 118th out of 381 metropolitan Real Estate Markets.
Myrtle Beach was in the 69th percentile. So Myrtle Beach, SC performed better
in the Last Quarter than 69% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 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 248.0 in the 2nd Quarter, of
2007. The 1st Quarter, 2018 index value was 216.7. That's a decline of 31.24
points or 12.60% below the Myrtle Beach Home Price Index all time high.  The
Home Price Index indicates that the Myrtle Beach Market is down 12% over the
last 10 years. Home prices in the Myrtle Beach Real Estate Market have gained
6.83% over the last 12 months. Over the last thirty years, it is up 159%.

The 1st Quarter index value was 4.14 points higher than the 4th Quarter, 2017
index value of 212.60, resulting in a 1.95% rise in the 1st Quarter for the Myrtle
Beach Market.

The Myrtle Beach 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 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 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
1st Quarter, 2018 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 1st Quarter of 2018, Myrtle Beach Home Prices had a rank of 118,
with appreciation of 1.95%. 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, Myrtle Beach Home Prices had a rank of 153, with
appreciation during the year of 6.83%. 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, Myrtle Beach Home
Prices ranked 153, with a total appreciation of 23.6%. 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, Myrtle Beach Home
Prices had a rank of 365, with appreciation during the decade of -12%. 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, Myrtle Beach Home
Prices had a rank of 175, with total growth over the 20 year period of 80%. 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 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.)



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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