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.
Panama City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  463.56
4th Quarter, 2017 Housing Statistics: Panama City, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Panama City 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 Panama City is 81% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 4th Quarter of 2018 than they were
in the 4th Quarter of 2017. 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 4th Quarter of 2020 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 4th Quarter of 2020 than they were
in the 4th Quarter of 2017. Check this page each quarter for updates to the
Panama City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Panama City, Florida


Historical Home Price Appreciation
Last Quarter                         4.60%
Last Year                              4.8%
Last 5 Years                         32%
Last 10 Years                       -10%
Last 20 Years                       98%
Decline From All Time High   16.44%


Annual Home Price Appreciation Rates
1988      -0.44%
1989      2.58%
1990      -0.17%
1991      1.38%
1992      5.53%
1993      5.22%
1994      2.89%
1995      8.03%
1996      3.01%
1997      5.65%
1998      6.22%
1999      1.29%
2000      3.85%
2001      8.33%
2002      7.18%
2003      11.36%
2004      27.60%
2005      24.53%
2006      2.99%
2007      -7.32%
2008      -11.07%
2009      -9.49%
2010      -5.11%
2011      -9.51%
2012      -1.19%
2013      3.75%
2014      2.90%
2015      6.04%
2016      11.30%
2017      4.77%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.60%         Rank: 9 of 381 (97th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.8%           Rank: 221 of 381 (42nd Percentile)
Last 5 Years                              32%            Rank: 103 of 381 (73rd Percentile)
Last 10 Years  . . . . . . . . . . . .   -10%           Rank: 344 of 381 (9th Percentile)
Last 20 Years                            98%            Rank: 128 of 379 (66th Percentile)
Decline From All Time High        16.44%

The change in home prices for Panama City, FL are shown above for five time
periods. For example: Panama City appreciated 4.60% in the Last Quarter. At
that rate, the Panama City Real Estate Market was ranked 9th out of 381
metropolitan Real Estate Markets. Panama City was in the 97th percentile. So
Panama City, FL performed better in the Last Quarter than 97% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 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 268.6 in the 4th Quarter, of 2006. The 4th Quarter, 2017 index value
was 224.5. That's a decline of 44.16 points or 16.44% below the Panama City
Home Price Index all time high.  The Home Price Index indicates that the
Panama City Market is down 10% over the last 10 years. Home prices in the
Panama City Real Estate Market have gained 4.77% over the last 12 months.
Over the last thirty years, it is up 174%.

The 4th Quarter index value was 9.87 points higher than the 3rd Quarter, 2017
index value of 214.59, resulting in a 4.60% rise in the 4th Quarter for the
Panama City Market.

The Panama City Home Price Index increased in the last quarter after falling in
the previous quarter. 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 26 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Victoria, TX; Topeka, KS;
Texarkana, TX-AR; Springfield, MA and Peoria, IL, 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
4th Quarter, 2017 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 4th Quarter of 2017, Panama City Home Prices had a rank of 9, with
appreciation of 4.60%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Panama City Home Prices had a rank of 221, with
appreciation during the year of 4.77%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Panama City Home Prices
ranked 103, with a total appreciation of 32.0%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Panama City Home
Prices had a rank of 344, with appreciation during the decade of -10%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Panama City Home
Prices had a rank of 128, with total growth over the 20 year period of 98%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 280%. The worst market during the last 20 years was
Saginaw, MI, 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 89%.

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 Monday, April 16, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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