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  27101
2nd Quarter, 2017 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 2nd Quarter of 2018 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 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Prescott Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Prescott housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Prescott is 84%. In other words, when tested against historical data, the
forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Prescott is 84% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Prescott Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Prescott, Arizona


Historical Home Price Appreciation
Last Quarter                         3.11%
Last Year                              9.3%
Last 5 Years                         55%
Last 10 Years                       -10%
Last 20 Years                       111%
Decline From All Time High   10.80%


Annual Home Price Appreciation Rates
1987        n/a
1988      4.73%
1989      8.05%
1990      3.25%
1991      6.73%
1992      4.01%
1993      7.59%
1994      6.94%
1995      7.53%
1996      1.08%
1997      3.53%
1998      3.49%
1999      3.67%
2000      4.99%
2001      5.99%
2002      6.60%
2003      7.36%
2004      16.63%
2005      31.89%
2006      9.58%
2007      -5.47%
2008      -15.55%
2009      -14.25%
2010      -11.02%
2011      -4.48%
2012      3.05%
2013      11.89%
2014      8.72%
2015      8.26%
2016      6.51%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.11%         Rank: 145 of 381 (62nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.3%           Rank: 58 of 381 (85th Percentile)
Last 5 Years                              55%            Rank: 44 of 381 (88th Percentile)
Last 10 Years  . . . . . . . . . . . .   -10%           Rank: 311 of 381 (18th Percentile)
Last 20 Years                            111%          Rank: 92 of 379 (75th Percentile)
Decline From All Time High        10.80%

The change in home prices for Prescott, AZ are shown above for five time
periods. For example: Prescott appreciated 3.11% in the Last Quarter. At that
rate, the Prescott Real Estate Market was ranked 145th out of 381 metropolitan
Real Estate Markets. Prescott was in the 62nd percentile. So Prescott, AZ
performed better in the Last Quarter than 62% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Prescott, Arizona

The all time high in the Prescott Home Price Index was 254.2 in the 4th Quarter,
of 2006. The 2nd Quarter, 2017 index value was 226.8. That's a decline of
27.46 points or 10.80% below the Prescott Home Price Index all time high.  The
Home Price Index indicates that the Prescott Market is down 10% over the last
10 years. Home prices in the Prescott Real Estate Market have gained 9.31%
over the last 12 months. Over the last thirty years, it is up 236%.

The 2nd Quarter index value was 6.85 points higher than the 1st Quarter, 2017
index value of 219.92, resulting in a 3.11% rise in the 2nd Quarter for the
Prescott Market.

The Prescott Home Price Index has increased for the last 21 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 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, with
declines in the last 3 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
2nd Quarter, 2017 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 2nd Quarter of 2017, Prescott Home Prices had a rank of 145, with
appreciation of 3.11%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Prescott Home Prices had a rank of 58, with
appreciation during the year of 9.31%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Prescott Home Prices
ranked 44, with a total appreciation of 54.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Prescott Home Prices
had a rank of 311, with appreciation during the decade of -10%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Prescott Home Prices
had a rank of 92, 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 20%.
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 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 Friday, November 10, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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