Oakland, CA - House Price Index (HPI)
Oakland Real Estate Market - Home Price Forecast
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.  Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
Oakland Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27071
2nd Quarter, 2017 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 2nd Quarter of 2018 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 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Oakland Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Oakland housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Oakland is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Oakland is 78% 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 Oakland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Oakland, California


Historical Home Price Appreciation
Last Quarter                         2.51%
Last Year                              8.5%
Last 5 Years                         76%
Last 10 Years                       13%
Last 20 Years                       232%



Annual Home Price Appreciation Rates
1987      9.65%
1988      16.87%
1989      22.33%
1990      1.07%
1991      -0.68%
1992      -1.26%
1993      -2.11%
1994      -4.67%
1995      1.23%
1996      -0.37%
1997      7.62%
1998      9.99%
1999      13.46%
2000      23.15%
2001      10.20%
2002      9.90%
2003      8.91%
2004      18.84%
2005      21.85%
2006      -0.56%
2007      -11.03%
2008      -20.36%
2009      -6.98%
2010      -0.63%
2011      -4.96%
2012      4.50%
2013      20.42%
2014      10.31%
2015      11.56%
2016      7.30%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.51%         Rank: 192 of 381 (49th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.5%           Rank: 93 of 381 (75th Percentile)
Last 5 Years                              76%            Rank: 9 of 381 (97th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 106 of 381 (72nd Percentile)
Last 20 Years                            232%          Rank: 4 of 379 (99th Percentile)


The change in home prices for Oakland-Hayward-Berkeley, CA are shown
above for five time periods. For example: Oakland appreciated 2.51% in the
Last Quarter. At that rate, the Oakland Real Estate Market was ranked 192nd
out of 381 metropolitan Real Estate Markets. Oakland was in the 49th
percentile. So Oakland, CA performed better in the Last Quarter than 49% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 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 344.4 in the 2nd Quarter, of 2017.  The Home Price Index
indicates that the Oakland Market is up 13% over the last 10 years. Home
prices in the Oakland Real Estate Market have gained 8.51% over the last 12
months. Over the last thirty years, it is up 378%.

The 2nd Quarter index value was 8.44 points higher than the 1st Quarter, 2017
index value of 335.91, resulting in a 2.51% rise in the 2nd Quarter for the
Oakland Market.

The Oakland Home Price Index has increased for the last 21 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 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 -21% 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 1st Quarter of
1980. The worst performance over a three year period in the Oakland Market
was -35% 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
2nd Quarter, 2017 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 2nd Quarter of 2017, Oakland Home Prices had a rank of 192, with
appreciation of 2.51%. 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, Oakland Home Prices had a rank of 93, with
appreciation during the year of 8.51%. 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, Oakland Home Prices
ranked 9, with a total appreciation of 76.1%. 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, Oakland Home Prices
had a rank of 106, with appreciation during the decade of 13%. 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, Oakland Home Prices
had a rank of 4, with total growth over the 20 year period of 232%. 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 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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Thursday, November 9, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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