Salinas, CA - House Price Index (HPI)
Salinas Real Estate Market - Home Price Forecast
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1000
The House Price Index (HPI) shows changes in Salinas, CA 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.
10
Salinas Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1264.56
1st Quarter, 2018 Housing Statistics: Salinas, California


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Salinas housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Salinas is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Salinas is 83% 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 Salinas Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the Salinas housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Salinas is 74%. In other words, when tested against historical data, the
forecasting methodology was correct 74% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Salinas is 74% 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 Salinas Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Salinas, California


Historical Home Price Appreciation
Last Quarter                         2.13%
Last Year                              6.0%
Last 5 Years                         68%
Last 10 Years                       4%
Last 20 Years                       161%
Decline From All Time High   20.59%


Annual Home Price Appreciation Rates
1988      15.67%
1989      16.54%
1990      5.68%
1991      1.28%
1992      -1.32%
1993      -0.95%
1994      -1.36%
1995      2.48%
1996      -1.24%
1997      3.88%
1998      7.67%
1999      14.71%
2000      25.38%
2001      11.46%
2002      8.75%
2003      13.40%
2004      28.68%
2005      22.08%
2006      -2.82%
2007      -15.81%
2008      -32.08%
2009      -10.28%
2010      -1.49%
2011      -7.08%
2012      2.19%
2013      19.26%
2014      11.53%
2015      8.87%
2016      8.16%
2017      6.93%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.13%         Rank: 106 of 381 (72nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 190 of 381 (50th Percentile)
Last 5 Years                              68%            Rank: 19 of 381 (95th Percentile)
Last 10 Years  . . . . . . . . . . . .   4%              Rank: 231 of 381 (39th Percentile)
Last 20 Years                            161%          Rank: 28 of 379 (92nd Percentile)
Decline From All Time High        20.59%

The change in home prices for Salinas, CA are shown above for five time
periods. For example: Salinas appreciated 2.13% in the Last Quarter. At that
rate, the Salinas Real Estate Market was ranked 106th out of 381 metropolitan
Real Estate Markets. Salinas was in the 72nd percentile. So Salinas, CA
performed better in the Last Quarter than 72% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Salinas, California

The all time high in the Salinas Home Price Index was 350.2 in the 1st Quarter,
of 2006. The 1st Quarter, 2018 index value was 278.1. That's a decline of
72.09 points or 20.59% below the Salinas Home Price Index all time high.  The
Home Price Index indicates that the Salinas Market is up 4% over the last 10
years. Home prices in the Salinas Real Estate Market have gained 5.97% over
the last 12 months. Over the last thirty years, it is up 279%.

The 1st Quarter index value was 5.81 points higher than the 4th Quarter, 2017
index value of 272.28, resulting in a 2.13% rise in the 1st Quarter for the
Salinas Market.

The Salinas 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 Salinas 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 Salinas Market was -33% in the
twelve months ended with the 3rd Quarter of 2008.

The highest growth in home values in the Salinas Real Estate Market over a
three year period was 78% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Salinas Market
was -49% in the three years ended with the 4th Quarter of 2009.

This page provides a long term graph of the Salinas Home Price Index (above).
For information about California 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 Salinas 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 Salinas 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 Salinas 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: Salinas, California

The trend of Salinas 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, Salinas Home Prices had a rank of 106, with
appreciation of 2.13%. 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, Salinas Home Prices had a rank of 190, with
appreciation during the year of 5.97%. 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, Salinas Home Prices
ranked 19, with a total appreciation of 67.6%. 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, Salinas Home Prices had
a rank of 231, with appreciation during the decade of 4%. 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, Salinas Home Prices had
a rank of 28, with total growth over the 20 year period of 161%. 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 Salinas Real Estate
Market is available back to the 4th Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Salinas. 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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