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.  Updated Thursday, July
23, 2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
San Luis Obispo Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18750
3rd Quarter, 2014 Housing Statistics: San Luis Obispo, California


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      86%

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 2015 is UP. The Accuracy of the
Trend Projection for San Luis Obispo is 86%. In other words, when tested
against historical data, the forecasting methodology was correct 86% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in San Luis Obispo is 86% 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 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 2017 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 2017 than
they were in the 3rd Quarter of 2014. Check this page each quarter for updates
to the San Luis Obispo Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         1.49%
Last Year                              10.0%
Last 5 Years                         13%
Last 10 Years                       1%
Last 20 Years                       163%
Decline From All Time High   17.36%


Annual Home Price Appreciation Rates
1984      6.00%
1985      6.75%
1986      5.83%
1987      6.18%
1988      15.40%
1989      35.54%
1990      3.11%
1991      -3.49%
1992      -5.16%
1993      -2.99%
1994      -5.22%
1995      1.49%
1996      0.02%
1997      3.90%
1998      7.80%
1999      11.81%
2000      18.70%
2001      14.08%
2002      15.62%
2003      14.14%
2004      19.57%
2005      17.48%
2006      -2.68%
2007      -6.77%
2008      -12.93%
2009      -8.62%
2010      -4.13%
2011      -5.03%
2012      3.70%
2013      13.78%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.49%         Rank: 178 of 381 (53rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.0%          Rank: 38 of 381 (90th Percentile)
Last 5 Years                              13%            Rank: 56 of 381 (85th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 280 of 381 (26th Percentile)
Last 20 Years                            163%          Rank: 13 of 378 (96th Percentile)
Decline From All Time High        17.36%

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 1.49% in the Last Quarter. At that rate, the San Luis Obispo Real
Estate Market was ranked 178th out of 381 metropolitan Real Estate Markets.
San Luis Obispo was in the 53rd percentile. So San Luis Obispo, CA performed
better in the Last Quarter than 53% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 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 323.3 in the 2nd
Quarter, of 2006. The 3rd Quarter, 2014 index value was 267.2. That's a
decline of 56.12 points or 17.36% below the San Luis Obispo Home Price Index
all time high.  The Home Price Index indicates that the San Luis Obispo Market
is up 1% over the last 10 years. Home prices in the San Luis Obispo Real
Estate Market have gained 10.04% over the last 12 months. Over the last thirty
years, it is up 329%.

The 3rd Quarter index value was 3.93 points higher than the 2nd Quarter, 2014
index value of 263.25, resulting in a 1.49% rise in the 3rd Quarter for the San
Luis Obispo Market.

The San Luis Obispo 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 Luis Obispo Real
Estate Market was 36% in the twelve months ended with the 4th Quarter of
1989. 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 70% 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, 2014 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 2014, San Luis Obispo Home Prices had a rank of
178, with appreciation of 1.49%. 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 Luis Obispo Home Prices had a rank of 38, with
appreciation during the year of 10.04%. 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 Luis Obispo Home
Prices ranked 56, with a total appreciation of 12.7%. 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 Luis Obispo Home
Prices had a rank of 280, with appreciation during the decade of 1%. 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 Luis Obispo Home
Prices had a rank of 13, with total growth over the 20 year period of 163%. 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 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.)





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