San Luis Obispo, CA - House Price Index (HPI)
San Luis Obispo Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in San Luis Obispo-Paso Robles, 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
San Luis Obispo Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27894
3rd Quarter, 2017 Housing Statistics: San Luis Obispo, California


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 Luis Obispo housing market for
the 12 months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the
Trend Projection for San Luis Obispo 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 San Luis Obispo is 85% during this period. If this Housing
Market Forecast is correct, home prices will be higher in the 3rd Quarter of
2018 than they were in the 3rd Quarter of 2017. Check this page each quarter
for updates to the San Luis Obispo Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the San Luis Obispo housing market for the 3
years ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for San Luis Obispo is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in San Luis Obispo is 80% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 3rd Quarter of 2020 than
they were in the 3rd Quarter of 2017. Check this page each quarter for updates
to the San Luis Obispo Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: San Luis Obispo, California


Historical Home Price Appreciation
Last Quarter                         0.82%
Last Year                              5.7%
Last 5 Years                         48%
Last 10 Years                       8%
Last 20 Years                       202%
Decline From All Time High   1.45%


Annual Home Price Appreciation Rates
1987      6.21%
1988      15.41%
1989      35.59%
1990      3.09%
1991      -3.48%
1992      -5.17%
1993      -2.95%
1994      -5.23%
1995      1.49%
1996      -0.09%
1997      4.00%
1998      7.82%
1999      11.82%
2000      18.73%
2001      14.03%
2002      15.64%
2003      14.19%
2004      19.76%
2005      17.18%
2006      -2.48%
2007      -6.86%
2008      -12.99%
2009      -8.52%
2010      -4.25%
2011      -5.18%
2012      3.68%
2013      13.39%
2014      7.19%
2015      7.36%
2016      6.84%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.82%         Rank: 269 of 381 (29th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.7%           Rank: 185 of 381 (51st Percentile)
Last 5 Years                              48%            Rank: 59 of 381 (84th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 162 of 381 (57th Percentile)
Last 20 Years                            202%          Rank: 9 of 379 (97th Percentile)
Decline From All Time High        1.45%

The change in home prices for San Luis Obispo-Paso Robles-Arroyo Grande,
CA are shown above for five time periods. For example: San Luis Obispo
appreciated 0.82% in the Last Quarter. At that rate, the San Luis Obispo Real
Estate Market was ranked 269th out of 381 metropolitan Real Estate Markets.
San Luis Obispo was in the 29th percentile. So San Luis Obispo, CA performed
better in the Last Quarter than 29% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: San Luis Obispo, California

The data and analysis on this page pertains to San Luis Obispo-Paso
Robles-Arroyo Grande, CA, hereinafter referred to as "San Luis Obispo". The
all time high in the San Luis Obispo Home Price Index was 324.1 in the 2nd
Quarter, of 2006. The 3rd Quarter, 2017 index value was 319.4. That's a
decline of 4.71 points or 1.45% below the San Luis Obispo Home Price Index all
time high.  The Home Price Index indicates that the San Luis Obispo Market is
up 8% over the last 10 years. Home prices in the San Luis Obispo Real Estate
Market have gained 5.65% over the last 12 months. Over the last thirty years, it
is up 331%.

The 3rd Quarter index value was 2.61 points higher than the 2nd Quarter, 2017
index value of 316.77, resulting in a 0.82% rise in the 3rd Quarter for the San
Luis Obispo Market.

The San Luis Obispo Home Price Index has increased for the last 22
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 25 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Carbondale, IL, with declines in
the last 3 consecutive quarters.

The highest annual change in the value of houses in the San Luis Obispo Real
Estate Market was 36% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the San Luis Obispo Market
was -13% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the San Luis Obispo Real Estate Market
over a three year period was 69% in the three years ended with the 1st Quarter
of 1990. The worst performance over a three year period in the San Luis
Obispo Market was -26% in the three years ended with the 1st Quarter of 2010.

This page provides a long term graph of the San Luis Obispo 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 Luis Obispo 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 Luis Obispo 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 Luis Obispo 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, 2017 Housing Data: San Luis Obispo, California

The trend of San Luis Obispo 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 Luis Obispo-Paso Robles-Arroyo Grande, CA, hereinafter referred to as
"San Luis Obispo".

Last Quarter:
During the 3rd Quarter of 2017, San Luis Obispo Home Prices had a rank of
269, with appreciation of 0.82%. The top performing real estate market during
the 3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market
during that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, San Luis Obispo Home Prices had a rank of 185,
with appreciation during the year of 5.65%. The top performing market during
the last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, San Luis Obispo Home
Prices ranked 59, with a total appreciation of 47.7%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
95%. The worst market during that period was Lawton, OK, with appreciation of
-7%.
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 3rd Quarter of 2017, San Luis Obispo Home
Prices had a rank of 162, with appreciation during the decade of 8%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, San Luis Obispo Home
Prices had a rank of 9, with total growth over the 20 year period of 202%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 283%. The worst market during the last 20 years was
Mansfield, OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the San Luis Obispo Real
Estate Market is available back to the 1st Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for San Luis Obispo.
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 Monday, February 5, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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