Oakland, CA - House Price Index (HPI)
Oakland Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Oakland-Fremont-Hayward, CA single family home
prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, July 17, 2015.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Oakland Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18689
3rd Quarter, 2014 Housing Statistics: Oakland, California


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 Oakland housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Oakland is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Oakland is 85% 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 Oakland Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Oakland housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
Oakland 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
Oakland is 81% 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 Oakland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Oakland, California


Historical Home Price Appreciation
Last Quarter                         2.94%
Last Year                              12.4%
Last 5 Years                         30%
Last 10 Years                       7%
Last 20 Years                       168%
Decline From All Time High   15.02%


Annual Home Price Appreciation Rates
1984      4.02%
1985      6.87%
1986      8.41%
1987      9.60%
1988      16.92%
1989      22.27%
1990      1.07%
1991      -0.66%
1992      -1.25%
1993      -2.13%
1994      -4.67%
1995      1.23%
1996      -0.37%
1997      7.62%
1998      10.00%
1999      13.46%
2000      23.11%
2001      10.19%
2002      9.89%
2003      8.88%
2004      18.75%
2005      21.68%
2006      -0.52%
2007      -10.83%
2008      -19.92%
2009      -6.97%
2010      -0.60%
2011      -4.85%
2012      4.53%
2013      20.25%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.94%         Rank: 65 of 381 (83rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  12.4%          Rank: 20 of 381 (95th Percentile)
Last 5 Years                              30%            Rank: 9 of 381 (97th Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 219 of 381 (42nd Percentile)
Last 20 Years                            168%          Rank: 10 of 378 (97th Percentile)
Decline From All Time High        15.02%

The change in home prices for Oakland-Hayward-Berkeley, CA are shown
above for five time periods. For example: Oakland appreciated 2.94% in the
Last Quarter. At that rate, the Oakland Real Estate Market was ranked 65th out
of 381 metropolitan Real Estate Markets. Oakland was in the 83rd percentile.
So Oakland, CA performed better in the Last Quarter than 83% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Oakland, California

The data and analysis on this page pertains to Oakland-Hayward-Berkeley, CA,
hereinafter referred to as "Oakland". The all time high in the Oakland Home
Price Index was 320.9 in the 2nd Quarter, of 2006. The 3rd Quarter, 2014 index
value was 272.7. That's a decline of 48.20 points or 15.02% below the Oakland
Home Price Index all time high.  The Home Price Index indicates that the
Oakland Market is up 7% over the last 10 years. Home prices in the Oakland
Real Estate Market have gained 12.37% over the last 12 months. Over the last
thirty years, it is up 366%.

The 3rd Quarter index value was 7.78 points higher than the 2nd Quarter, 2014
index value of 264.94, resulting in a 2.94% rise in the 3rd Quarter for the
Oakland Market.

The Oakland 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 Oakland Real Estate
Market was 27% in the twelve months ended with the 3rd Quarter of 1977. The
worst annual change in home values  in the Oakland Market was -20% in the
twelve months ended with the 3rd Quarter of 2008.

The highest growth in home values in the Oakland Real Estate Market over a
three year period was 73% in the three years ended with the 4th Quarter of
1979. The worst performance over a three year period in the Oakland Market
was -34% in the three years ended with the 3rd Quarter of 2009.

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

The trend of Oakland 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 Oakland-Hayward-Berkeley, CA, hereinafter referred to as "Oakland".

Last Quarter:
During the 3rd Quarter of 2014, Oakland Home Prices had a rank of 65, with
appreciation of 2.94%. 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, Oakland Home Prices had a rank of 20, with
appreciation during the year of 12.37%. 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, Oakland Home Prices
ranked 9, with a total appreciation of 30.3%. 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, Oakland Home Prices
had a rank of 219, with appreciation during the decade of 7%. 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, Oakland Home Prices
had a rank of 10, with total growth over the 20 year period of 168%. 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 Oakland Real Estate
Market is available back to the 3rd Quarter, of 1975. All calculations are based
on the quarterly value of the House Price Index for Oakland. 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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