Panama City, FL - House Price Index (HPI)
Panama City Real Estate Market - Home Price Forecast
100
1000
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.  Updated Friday, July 17, 2015.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Panama City Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18703
3rd Quarter, 2014 Housing Statistics: Panama City, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 2015 is UP. The Accuracy of the Trend
Projection 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 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
Panama City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

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




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Panama City, Florida


Historical Home Price Appreciation
Last Quarter                         5.43%
Last Year                              9.6%
Last 5 Years                         -6%
Last 10 Years                       -3%
Last 20 Years                       98%
Decline From All Time High   29.35%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987      0.29%
1988      -0.81%
1989      2.66%
1990      -0.12%
1991      1.66%
1992      5.30%
1993      5.35%
1994      2.99%
1995      7.82%
1996      3.18%
1997      5.52%
1998      6.17%
1999      1.34%
2000      3.93%
2001      8.25%
2002      7.25%
2003      11.18%
2004      27.63%
2005      24.35%
2006      3.48%
2007      -7.51%
2008      -10.75%
2009      -9.45%
2010      -5.22%
2011      -8.81%
2012      -2.05%
2013      4.04%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              5.43%         Rank: 14 of 381 (96th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.6%          Rank: 47 of 381 (87th Percentile)
Last 5 Years                              -6%             Rank: 319 of 381 (16th Percentile)
Last 10 Years  . . . . . . . . . . . .   -3%            Rank: 312 of 381 (18th Percentile)
Last 20 Years                            98%            Rank: 90 of 378 (76th Percentile)
Decline From All Time High        29.35%

The change in home prices for Panama City, FL are shown above for five time
periods. For example: Panama City appreciated 5.43% in the Last Quarter. At
that rate, the Panama City Real Estate Market was ranked 14th out of 381
metropolitan Real Estate Markets. Panama City was in the 96th percentile. So
Panama City, FL performed better in the Last Quarter than 96% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 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 269.4 in the 4th Quarter, of 2006. The 3rd Quarter, 2014 index value
was 190.4. That's a decline of 79.07 points or 29.35% below the Panama City
Home Price Index all time high.  The Home Price Index indicates that the
Panama City Market is down 3% over the last 10 years. Home prices in the
Panama City Real Estate Market have gained 9.62% over the last 12 months.

The 3rd Quarter index value was 9.80 points higher than the 2nd Quarter, 2014
index value of 180.55, resulting in a 5.43% rise in the 3rd 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 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 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 -28% 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, 2014 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 2014, Panama City Home Prices had a rank of 14,
with appreciation of 5.43%. 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, Panama City Home Prices had a rank of 47, with
appreciation during the year of 9.62%. 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, Panama City Home
Prices ranked 319, with a total appreciation of -6.4%. 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, Panama City Home
Prices had a rank of 312, with appreciation during the decade of -3%. 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, Panama City Home
Prices had a rank of 90, 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 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 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.)





SignalTrend  Inc. 2008 - 2015; All rights reserved.



_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of
Use/Disclosure                                            SignalTrend Inc.  2008 - 2012, All Rights Reserved
LittleBigHomes.com
1/75
1/1980
1/1985
1/1990
1/1995
1/2000
1/2005
1/2010
1/15