| Panama City, FL - House Price Index (HPI) |
| Panama City Real Estate Market - Home Price Forecast |
The House Price Index (HPI) shows changes in Panama City-Lynn Haven, FL 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.
prices in logarithmic scale. The March, 1995 index value equals 100. Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
Panama City Real Estate Market: Trend Outlook, Analysis & Statistics
| 100 |
| 1000 |
| 10 |
Commentary 2749.56
3rd Quarter, 2018 Housing Statistics: Panama City, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 82%
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 Panama City housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Panama City 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 Panama City is 82% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 3rd Quarter of 2019 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Panama City Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 78%
The forecast for the trend in the Panama City housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Panama City 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 Panama City is 78% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 3rd Quarter of 2021 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Panama City Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Panama City, Florida
Historical Home Price Appreciation
Last Quarter 6.21%
Last Year 14.6%
Last 5 Years 44%
Last 10 Years 10%
Last 20 Years 111%
Decline From All Time High 7.27%
Annual Home Price Appreciation Rates
1988 -0.23%
1989 2.54%
1990 -0.11%
1991 1.38%
1992 5.48%
1993 5.20%
1994 2.89%
1995 8.07%
1996 2.99%
1997 5.69%
1998 6.08%
1999 1.38%
2000 3.91%
2001 8.31%
2002 7.23%
2003 11.18%
2004 27.75%
2005 24.56%
2006 3.01%
2007 -7.25%
2008 -11.24%
2009 -9.31%
2010 -5.31%
2011 -9.28%
2012 -1.39%
2013 3.75%
2014 3.05%
2015 6.38%
2016 9.70%
2017 5.05%
Real Estate Appreciation, Rank & Percentile
Last Quarter 6.21% Rank: 7 of 381 (98th Percentile)
Last Year . . . . . . . . . . . . . . . . 14.6% Rank: 6 of 381 (98th Percentile)
Last 5 Years 44% Rank: 75 of 381 (80th Percentile)
Last 10 Years . . . . . . . . . . . . 10% Rank: 271 of 381 (28th Percentile)
Last 20 Years 111% Rank: 112 of 379 (70th Percentile)
Decline From All Time High 7.27%
The change in home prices for Panama City, FL are shown above for five time
periods. For example: Panama City appreciated 6.21% in the Last Quarter. At
that rate, the Panama City Real Estate Market was ranked 7th out of 381
metropolitan Real Estate Markets. Panama City was in the 98th percentile. So
Panama City, FL performed better in the Last Quarter than 98% of the 381
metropolitan areas covered in LittleBigHomes.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Panama City, Florida
The data and analysis on this page pertains to Panama City, FL, hereinafter
referred to as "Panama City". The all time high in the Panama City Home Price
Index was 268.8 in the 4th Quarter, of 2006. The 3rd Quarter, 2018 index value
was 249.2. That's a decline of 19.55 points or 7.27% below the Panama City
Home Price Index all time high. The Home Price Index indicates that the
Panama City Market is up 10% over the last 10 years. Home prices in the
Panama City Real Estate Market have gained 14.56% over the last 12 months.
Over the last thirty years, it is up 212%.
The 3rd Quarter index value was 14.57 points higher than the 2nd Quarter,
2018 index value of 234.66, resulting in a 6.21% rise in the 3rd Quarter for the
Panama City Market.
The Panama City Home Price Index has increased for the last 4 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 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.
The highest annual change in the value of houses in the Panama City Real
Estate Market was 31% in the twelve months ended with the 1st Quarter of
2005. The worst annual change in home values in the Panama City Market was
-17% in the twelve months ended with the 1st Quarter of 2010.
The highest growth in home values in the Panama City Real Estate Market over
a three year period was 78% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Panama City
Market was -29% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Panama City Home Price Index
(above). For information about Florida 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 Panama City 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 Panama City 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 Panama City 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, 2018 Housing Data: Panama City, Florida
The trend of Panama City 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 Panama City, FL, hereinafter referred to as "Panama City".
Last Quarter:
During the 3rd Quarter of 2018, Panama City Home Prices had a rank of 7, with
appreciation of 6.21%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.
Last Year:
During the last 12 months, Panama City Home Prices had a rank of 6, with
appreciation during the year of 14.56%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Panama City Home
Prices ranked 75, with a total appreciation of 43.6%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
81%. The worst market during that period was Jacksonville, NC, with
appreciation of -2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Panama City Home
Prices had a rank of 271, with appreciation during the decade of 10%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Panama City Home
Prices had a rank of 112, with total growth over the 20 year period of 111%.
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 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.
Historical research data on the Home Price Index for the Panama City Real
Estate Market is available back to the 3rd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Panama City. 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, January 3, 2019.
SignalTrend Inc. 2008 - 2019; All rights reserved.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
3rd Quarter, 2018 Housing Statistics: Panama City, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 82%
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 Panama City housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Panama City 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 Panama City is 82% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 3rd Quarter of 2019 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Panama City Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 78%
The forecast for the trend in the Panama City housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Panama City 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 Panama City is 78% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 3rd Quarter of 2021 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Panama City Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Panama City, Florida
Historical Home Price Appreciation
Last Quarter 6.21%
Last Year 14.6%
Last 5 Years 44%
Last 10 Years 10%
Last 20 Years 111%
Decline From All Time High 7.27%
Annual Home Price Appreciation Rates
1988 -0.23%
1989 2.54%
1990 -0.11%
1991 1.38%
1992 5.48%
1993 5.20%
1994 2.89%
1995 8.07%
1996 2.99%
1997 5.69%
1998 6.08%
1999 1.38%
2000 3.91%
2001 8.31%
2002 7.23%
2003 11.18%
2004 27.75%
2005 24.56%
2006 3.01%
2007 -7.25%
2008 -11.24%
2009 -9.31%
2010 -5.31%
2011 -9.28%
2012 -1.39%
2013 3.75%
2014 3.05%
2015 6.38%
2016 9.70%
2017 5.05%
Real Estate Appreciation, Rank & Percentile
Last Quarter 6.21% Rank: 7 of 381 (98th Percentile)
Last Year . . . . . . . . . . . . . . . . 14.6% Rank: 6 of 381 (98th Percentile)
Last 5 Years 44% Rank: 75 of 381 (80th Percentile)
Last 10 Years . . . . . . . . . . . . 10% Rank: 271 of 381 (28th Percentile)
Last 20 Years 111% Rank: 112 of 379 (70th Percentile)
Decline From All Time High 7.27%
The change in home prices for Panama City, FL are shown above for five time
periods. For example: Panama City appreciated 6.21% in the Last Quarter. At
that rate, the Panama City Real Estate Market was ranked 7th out of 381
metropolitan Real Estate Markets. Panama City was in the 98th percentile. So
Panama City, FL performed better in the Last Quarter than 98% of the 381
metropolitan areas covered in LittleBigHomes.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Panama City, Florida
The data and analysis on this page pertains to Panama City, FL, hereinafter
referred to as "Panama City". The all time high in the Panama City Home Price
Index was 268.8 in the 4th Quarter, of 2006. The 3rd Quarter, 2018 index value
was 249.2. That's a decline of 19.55 points or 7.27% below the Panama City
Home Price Index all time high. The Home Price Index indicates that the
Panama City Market is up 10% over the last 10 years. Home prices in the
Panama City Real Estate Market have gained 14.56% over the last 12 months.
Over the last thirty years, it is up 212%.
The 3rd Quarter index value was 14.57 points higher than the 2nd Quarter,
2018 index value of 234.66, resulting in a 6.21% rise in the 3rd Quarter for the
Panama City Market.
The Panama City Home Price Index has increased for the last 4 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 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.
The highest annual change in the value of houses in the Panama City Real
Estate Market was 31% in the twelve months ended with the 1st Quarter of
2005. The worst annual change in home values in the Panama City Market was
-17% in the twelve months ended with the 1st Quarter of 2010.
The highest growth in home values in the Panama City Real Estate Market over
a three year period was 78% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Panama City
Market was -29% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Panama City Home Price Index
(above). For information about Florida 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 Panama City 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 Panama City 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 Panama City 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, 2018 Housing Data: Panama City, Florida
The trend of Panama City 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 Panama City, FL, hereinafter referred to as "Panama City".
Last Quarter:
During the 3rd Quarter of 2018, Panama City Home Prices had a rank of 7, with
appreciation of 6.21%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.
Last Year:
During the last 12 months, Panama City Home Prices had a rank of 6, with
appreciation during the year of 14.56%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Panama City Home
Prices ranked 75, with a total appreciation of 43.6%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
81%. The worst market during that period was Jacksonville, NC, with
appreciation of -2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Panama City Home
Prices had a rank of 271, with appreciation during the decade of 10%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Panama City Home
Prices had a rank of 112, with total growth over the 20 year period of 111%.
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 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.
Historical research data on the Home Price Index for the Panama City Real
Estate Market is available back to the 3rd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Panama City. 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, January 3, 2019.
SignalTrend Inc. 2008 - 2019; All rights reserved.
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
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