Pensacola, FL - House Price Index (HPI)
Pensacola Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Pensacola-Ferry Pass-Brent, 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
Pensacola Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18707
3rd Quarter, 2014 Housing Statistics: Pensacola, 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 Pensacola housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Pensacola 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
Pensacola is 81% 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 Pensacola
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

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




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


Historical Home Price Appreciation
Last Quarter                         -1.01%
Last Year                              3.9%
Last 5 Years                         -5%
Last 10 Years                       5%
Last 20 Years                       78%
Decline From All Time High   22.49%


Annual Home Price Appreciation Rates
1984      15.18%
1985      -2.46%
1986      4.85%
1987      0.56%
1988      -1.00%
1989      2.95%
1990      0.50%
1991      2.82%
1992      4.55%
1993      4.41%
1994      2.83%
1995      7.75%
1996      4.40%
1997      6.04%
1998      3.57%
1999      0.01%
2000      4.76%
2001      5.37%
2002      4.50%
2003      6.48%
2004      17.45%
2005      27.06%
2006      1.54%
2007      -6.62%
2008      -12.20%
2009      -2.14%
2010      -5.76%
2011      -3.30%
2012      -0.75%
2013      1.96%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.01%        Rank: 355 of 381 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.9%           Rank: 192 of 381 (49th Percentile)
Last 5 Years                              -5%             Rank: 302 of 381 (20th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 236 of 381 (38th Percentile)
Last 20 Years                            78%            Rank: 172 of 378 (54th Percentile)
Decline From All Time High        22.49%

The change in home prices for Pensacola-Ferry Pass-Brent, FL are shown
above for five time periods. For example: Pensacola appreciated -1.01% in the
Last Quarter. At that rate, the Pensacola Real Estate Market was ranked 355th
out of 381 metropolitan Real Estate Markets. Pensacola was in the 6th
percentile. So Pensacola, FL performed better in the Last Quarter than 6% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Pensacola, Florida

The data and analysis on this page pertains to Pensacola-Ferry Pass-Brent,
FL, hereinafter referred to as "Pensacola". The all time high in the Pensacola
Home Price Index was 228.8 in the 4th Quarter, of 2006. The 3rd Quarter, 2014
index value was 177.3. That's a decline of 51.45 points or 22.49% below the
Pensacola Home Price Index all time high.  The Home Price Index indicates that
the Pensacola Market is up 5% over the last 10 years. Home prices in the
Pensacola Real Estate Market have gained 3.93% over the last 12 months.
Over the last thirty years, it is up 129%.

The 3rd Quarter index value was 1.81 points lower than the 2nd Quarter, 2014
index value of 179.13, resulting in a 1.01% decline for the 3rd Quarter in the
Pensacola Market.

The Pensacola Home Price Index declined in the last quarter after increasing in
the previous 2 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 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 highest annual change in the value of houses in the Pensacola Real Estate
Market was 30% in the twelve months ended with the 3rd Quarter of 2005. The
worst annual change in home values  in the Pensacola Market was -12% in the
twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Pensacola Real Estate Market over a
three year period was 59% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Pensacola Market
was -23% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Pensacola 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 Pensacola 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 Pensacola 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 Pensacola 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: Pensacola, Florida

The trend of Pensacola 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 Pensacola-Ferry Pass-Brent, FL, hereinafter referred to as "Pensacola".

Last Quarter:
During the 3rd Quarter of 2014, Pensacola Home Prices had a rank of 355, with
appreciation of -1.01%. 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, Pensacola Home Prices had a rank of 192, with
appreciation during the year of 3.93%. 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, Pensacola Home Prices
ranked 302, with a total appreciation of -4.8%. 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, Pensacola Home Prices
had a rank of 236, with appreciation during the decade of 5%. 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, Pensacola Home Prices
had a rank of 172, with total growth over the 20 year period of 78%. 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 Pensacola Real Estate
Market is available back to the 4th Quarter, of 1983. All calculations are based
on the quarterly value of the House Price Index for Pensacola. 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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