Prescott, AZ - House Price Index (HPI)
Prescott Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Prescott, AZ 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.
Prescott Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1241.56
1st Quarter, 2018 Housing Statistics: Prescott, Arizona


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      92%

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 Prescott housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Prescott is 92%. In other words, when tested against historical
data, the forecasting methodology was correct 92% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Prescott is 92% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Prescott Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Prescott housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Prescott 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
Prescott is 85% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Prescott Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Prescott, Arizona


Historical Home Price Appreciation
Last Quarter                         0.45%
Last Year                              7.4%
Last 5 Years                         50%
Last 10 Years                       -1%
Last 20 Years                       109%
Decline From All Time High   7.58%


Annual Home Price Appreciation Rates
1988      4.72%
1989      8.37%
1990      2.98%
1991      6.63%
1992      4.07%
1993      7.52%
1994      6.96%
1995      7.62%
1996      1.09%
1997      3.30%
1998      3.63%
1999      3.59%
2000      5.13%
2001      6.03%
2002      6.64%
2003      7.45%
2004      16.41%
2005      31.99%
2006      9.53%
2007      -5.46%
2008      -15.50%
2009      -14.23%
2010      -11.09%
2011      -4.29%
2012      2.81%
2013      12.06%
2014      8.33%
2015      7.96%
2016      6.79%
2017      9.66%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.45%         Rank: 254 of 381 (33rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.4%           Rank: 119 of 381 (68th Percentile)
Last 5 Years                              50%            Rank: 54 of 381 (86th Percentile)
Last 10 Years  . . . . . . . . . . . .   -1%            Rank: 292 of 381 (23rd Percentile)
Last 20 Years                            109%          Rank: 99 of 379 (74th Percentile)
Decline From All Time High        7.58%

The change in home prices for Prescott, AZ are shown above for five time
periods. For example: Prescott appreciated 0.45% in the Last Quarter. At that
rate, the Prescott Real Estate Market was ranked 254th out of 381 metropolitan
Real Estate Markets. Prescott was in the 33rd percentile. So Prescott, AZ
performed better in the Last Quarter than 33% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Prescott, Arizona

The all time high in the Prescott Home Price Index was 254.2 in the 4th Quarter,
of 2006. The 1st Quarter, 2018 index value was 234.9. That's a decline of
19.27 points or 7.58% below the Prescott Home Price Index all time high.  The
Home Price Index indicates that the Prescott Market is down 1% over the last 10
years. Home prices in the Prescott Real Estate Market have gained 7.43% over
the last 12 months. Over the last thirty years, it is up 254%.

The 1st Quarter index value was 1.06 points higher than the 4th Quarter, 2017
index value of 233.88, resulting in a 0.45% rise in the 1st Quarter for the
Prescott Market.

The Prescott Home Price Index has increased for the last 24 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Prescott Real Estate
Market was 32% in the twelve months ended with the 4th Quarter of 2005. The
worst annual change in home values  in the Prescott Market was -18% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Prescott Real Estate Market over a
three year period was 72% in the three years ended with the 2nd Quarter of
2006. The worst performance over a three year period in the Prescott Market
was -37% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Prescott Home Price Index
(above). For information about Arizona 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 Prescott 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 Prescott 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 Prescott 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
1st Quarter, 2018 Housing Data: Prescott, Arizona

The trend of Prescott 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.

Last Quarter:
During the 1st Quarter of 2018, Prescott Home Prices had a rank of 254, with
appreciation of 0.45%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Prescott Home Prices had a rank of 119, with
appreciation during the year of 7.43%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Prescott Home Prices
ranked 54, with a total appreciation of 50.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Prescott Home Prices
had a rank of 292, with appreciation during the decade of -1%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Prescott Home Prices
had a rank of 99, with total growth over the 20 year period of 109%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
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 88%.

Historical research data on the Home Price Index for the Prescott Real Estate
Market is available back to the 2nd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Prescott. 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 Tuesday, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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