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  27060
2nd Quarter, 2017 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 2nd Quarter of 2018 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 2nd Quarter of 2018 than they were
in the 2nd Quarter of 2017. Check this page each quarter for updates to the
Myrtle Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Myrtle Beach housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Myrtle Beach 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 Myrtle Beach is 82% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 2nd Quarter of 2020 than they were
in the 2nd Quarter of 2017. Check this page each quarter for updates to the
Myrtle Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Myrtle Beach, South Carolina


Historical Home Price Appreciation
Last Quarter                         0.87%
Last Year                              5.2%
Last 5 Years                         18%
Last 10 Years                       -17%
Last 20 Years                       80%
Decline From All Time High   17.19%


Annual Home Price Appreciation Rates
1987      2.09%
1988      2.26%
1989      0.59%
1990      -0.69%
1991      5.91%
1992      4.34%
1993      1.83%
1994      4.06%
1995      5.86%
1996      6.90%
1997      5.54%
1998      6.07%
1999      3.77%
2000      5.06%
2001      6.00%
2002      3.01%
2003      6.33%
2004      13.51%
2005      18.94%
2006      13.46%
2007      0.45%
2008      -7.42%
2009      -8.95%
2010      -5.54%
2011      -6.79%
2012      -5.15%
2013      0.03%
2014      6.28%
2015      4.29%
2016      4.76%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.87%         Rank: 306 of 381 (19th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.2%           Rank: 200 of 381 (47th Percentile)
Last 5 Years                              18%            Rank: 197 of 381 (48th Percentile)
Last 10 Years  . . . . . . . . . . . .   -17%           Rank: 363 of 381 (4th Percentile)
Last 20 Years                            80%            Rank: 188 of 379 (50th Percentile)
Decline From All Time High        17.19%

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 0.87% in the Last Quarter. At that rate, the Myrtle Beach Real
Estate Market was ranked 306th out of 381 metropolitan Real Estate Markets.
Myrtle Beach was in the 19th percentile. So Myrtle Beach, SC performed better
in the Last Quarter than 19% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 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 247.5 in the 2nd Quarter, of
2007. The 2nd Quarter, 2017 index value was 204.9. That's a decline of 42.55
points or 17.19% below the Myrtle Beach Home Price Index all time high.  The
Home Price Index indicates that the Myrtle Beach Market is down 17% over the
last 10 years. Home prices in the Myrtle Beach Real Estate Market have gained
5.20% over the last 12 months. Over the last thirty years, it is up 147%.

The 2nd Quarter index value was 1.76 points higher than the 1st Quarter, 2017
index value of 203.18, resulting in a 0.87% rise in the 2nd Quarter for the Myrtle
Beach Market.

The Myrtle Beach Home Price Index has increased for the last 7 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 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, 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
2nd Quarter, 2017 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 2nd Quarter of 2017, Myrtle Beach Home Prices had a rank of 306,
with appreciation of 0.87%. The top performing real estate market during the
2nd Quarter was Weirton, OH, with a rise of 14.58%. The worst market during
that period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Myrtle Beach Home Prices had a rank of 200, with
appreciation during the year of 5.20%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Myrtle Beach Home
Prices ranked 197, with a total appreciation of 17.9%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
93%. The worst market during that period was Jacksonville, NC, with
appreciation of -3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Myrtle Beach Home
Prices had a rank of 363, with appreciation during the decade of -17%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Myrtle Beach Home
Prices had a rank of 188, 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 289%. The worst market during the last 20 years was
Saginaw, MI, with appreciation of 20%.
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 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 Wednesday, November 8, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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