San Jose, CA - House Price Index (HPI)
San Jose Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in San Jose-Sunnyvale-Santa Clara, CA single family
home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, July
23, 2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
San Jose Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18749
3rd Quarter, 2014 Housing Statistics: San Jose, California


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 San Jose housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for San Jose 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 San
Jose is 78% 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 San Jose
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the San Jose housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for San Jose 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 San
Jose is 78% 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 San Jose
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: San Jose, California


Historical Home Price Appreciation
Last Quarter                         3.05%
Last Year                              11.1%
Last 5 Years                         37%
Last 10 Years                       30%
Last 20 Years                       223%



Annual Home Price Appreciation Rates
1984      7.64%
1985      7.54%
1986      7.52%
1987      10.07%
1988      25.85%
1989      25.86%
1990      -6.11%
1991      -0.99%
1992      -1.78%
1993      -2.77%
1994      -1.40%
1995      2.45%
1996      5.48%
1997      13.24%
1998      13.11%
1999      13.78%
2000      29.09%
2001      0.79%
2002      5.41%
2003      2.07%
2004      15.49%
2005      21.18%
2006      2.70%
2007      -4.69%
2008      -14.20%
2009      -8.14%
2010      1.29%
2011      -2.09%
2012      6.91%
2013      17.41%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.05%         Rank: 60 of 381 (84th Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.1%          Rank: 27 of 381 (93rd Percentile)
Last 5 Years                              37%            Rank: 4 of 381 (99th Percentile)
Last 10 Years  . . . . . . . . . . . .   30%            Rank: 41 of 381 (89th Percentile)
Last 20 Years                            223%          Rank: 2 of 378 (99th Percentile)


The change in home prices for San Jose-Sunnyvale-Santa Clara, CA are shown
above for five time periods. For example: San Jose appreciated 3.05% in the
Last Quarter. At that rate, the San Jose Real Estate Market was ranked 60th
out of 381 metropolitan Real Estate Markets. San Jose was in the 84th
percentile. So San Jose, CA performed better in the Last Quarter than 84% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: San Jose, California

The data and analysis on this page pertains to San Jose-Sunnyvale-Santa
Clara, CA, hereinafter referred to as "San Jose". The all time high in the San
Jose Home Price Index was 322.8 in the 3rd Quarter, of 2014.  The Home Price
Index indicates that the San Jose Market is up 30% over the last 10 years.
Home prices in the San Jose Real Estate Market have gained 11.11% over the
last 12 months. Over the last thirty years, it is up 484%.

The 3rd Quarter index value was 9.54 points higher than the 2nd Quarter, 2014
index value of 313.26, resulting in a 3.05% rise in the 3rd Quarter for the San
Jose Market.

The San Jose Home Price Index has increased for the last 10 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 current record holder for consecutive
declines in the Home Price Index is Terre Haute, IN, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the San Jose Real Estate
Market was 33% in the twelve months ended with the 2nd Quarter of 1989. The
worst annual change in home values  in the San Jose Market was -15% in the
twelve months ended with the 2nd Quarter of 2009.

The highest growth in home values in the San Jose Real Estate Market over a
three year period was 76% in the three years ended with the 4th Quarter of
1979. The worst performance over a three year period in the San Jose Market
was -26% in the three years ended with the 3rd Quarter of 2009.

This page provides a long term graph of the San Jose 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 San Jose 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 San Jose 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 San Jose 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: San Jose, California

The trend of San Jose 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 San Jose-Sunnyvale-Santa Clara, CA, hereinafter referred to as "San Jose".

Last Quarter:
During the 3rd Quarter of 2014, San Jose Home Prices had a rank of 60, with
appreciation of 3.05%. 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, San Jose Home Prices had a rank of 27, with
appreciation during the year of 11.11%. 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, San Jose Home Prices
ranked 4, with a total appreciation of 36.8%. 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, San Jose Home Prices
had a rank of 41, with appreciation during the decade of 30%. 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, San Jose Home Prices
had a rank of 2, with total growth over the 20 year period of 223%. 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 San Jose Real Estate
Market is available back to the 4th Quarter, of 1975. All calculations are based
on the quarterly value of the House Price Index for San Jose. 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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