Punta Gorda, FL - House Price Index (HPI)
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Punta Gorda Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Punta Gorda, 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.
Punta Gorda Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary 2769.56
3rd Quarter, 2018 Housing Statistics: Punta Gorda, 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 Punta Gorda housing market for the
12 months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Punta Gorda 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 Punta Gorda is 78% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 3rd Quarter of 2019 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Punta Gorda Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 70%
The forecast for the trend in the Punta Gorda housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Punta Gorda is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Punta Gorda is 70% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 3rd Quarter of 2021 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Punta Gorda Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Punta Gorda, Florida
Historical Home Price Appreciation
Last Quarter 2.24%
Last Year 8.3%
Last 5 Years 57%
Last 10 Years 35%
Last 20 Years 125%
Decline From All Time High 13.37%
Annual Home Price Appreciation Rates
1988 8.07%
1989 6.72%
1990 -1.00%
1991 3.89%
1992 1.92%
1993 0.41%
1994 -6.50%
1995 6.20%
1996 -2.33%
1997 3.97%
1998 6.08%
1999 1.79%
2000 11.04%
2001 9.88%
2002 11.71%
2003 15.20%
2004 22.80%
2005 27.92%
2006 -1.19%
2007 -17.28%
2008 -27.24%
2009 -4.92%
2010 -4.40%
2011 -5.63%
2012 1.10%
2013 12.25%
2014 5.07%
2015 14.98%
2016 9.11%
2017 10.04%
Real Estate Appreciation, Rank & Percentile
Last Quarter 2.24% Rank: 125 of 381 (67th Percentile)
Last Year . . . . . . . . . . . . . . . . 8.3% Rank: 94 of 381 (75th Percentile)
Last 5 Years 57% Rank: 35 of 381 (91st Percentile)
Last 10 Years . . . . . . . . . . . . 35% Rank: 67 of 381 (82nd Percentile)
Last 20 Years 125% Rank: 81 of 379 (78th Percentile)
Decline From All Time High 13.37%
The change in home prices for Punta Gorda, FL are shown above for five time
periods. For example: Punta Gorda appreciated 2.24% in the Last Quarter. At
that rate, the Punta Gorda Real Estate Market was ranked 125th out of 381
metropolitan Real Estate Markets. Punta Gorda was in the 67th percentile. So
Punta Gorda, FL performed better in the Last Quarter than 67% of the 381
metropolitan areas covered in LittleBigHomes.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Punta Gorda, Florida
The all time high in the Punta Gorda Home Price Index was 286.2 in the 1st
Quarter, of 2006. The 3rd Quarter, 2018 index value was 247.9. That's a
decline of 38.26 points or 13.37% below the Punta Gorda Home Price Index all
time high. The Home Price Index indicates that the Punta Gorda Market is up
35% over the last 10 years. Home prices in the Punta Gorda Real Estate
Market have gained 8.34% over the last 12 months. Over the last thirty years, it
is up 181%.
The 3rd Quarter index value was 5.43 points higher than the 2nd Quarter, 2018
index value of 242.46, resulting in a 2.24% rise in the 3rd Quarter for the Punta
Gorda Market.
The Punta Gorda Home Price Index has increased for the last 15 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 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.
The highest annual change in the value of houses in the Punta Gorda Real
Estate Market was 30% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values in the Punta Gorda Market was
-27% in the twelve months ended with the 4th Quarter of 2008.
The highest growth in home values in the Punta Gorda Real Estate Market over
a three year period was 81% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Punta Gorda
Market was -45% in the three years ended with the 3rd Quarter of 2009.
This page provides a long term graph of the Punta Gorda 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 Punta Gorda 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 Punta Gorda 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 Punta Gorda 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, 2018 Housing Data: Punta Gorda, Florida
The trend of Punta Gorda 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 3rd Quarter of 2018, Punta Gorda Home Prices had a rank of 125,
with appreciation of 2.24%. The top performing real estate market during the
3rd Quarter was Sumter, SC, with a rise of 13.55%. The worst market during
that period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.
Last Year:
During the last 12 months, Punta Gorda Home Prices had a rank of 94, with
appreciation during the year of 8.34%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Punta Gorda Home
Prices ranked 35, with a total appreciation of 57.3%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
81%. The worst market during that period was Jacksonville, NC, with
appreciation of -2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Punta Gorda Home
Prices had a rank of 67, with appreciation during the decade of 35%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Punta Gorda Home
Prices had a rank of 81, with total growth over the 20 year period of 125%. 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 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.
Historical research data on the Home Price Index for the Punta Gorda Real
Estate Market is available back to the 3rd Quarter, of 1987. All calculations are
based on the quarterly value of the House Price Index for Punta Gorda. 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, January 8, 2019.
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