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  1272.56
1st Quarter, 2018 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 1st Quarter of 2019 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 1st Quarter of
2019 than they were in the 1st Quarter of 2018. 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 1st Quarter of 2021 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 1st Quarter of 2021 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the San Luis Obispo Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: San Luis Obispo, California


Historical Home Price Appreciation
Last Quarter                         1.42%
Last Year                              7.2%
Last 5 Years                         49%
Last 10 Years                       16%
Last 20 Years                       203%



Annual Home Price Appreciation Rates
1988      15.39%
1989      35.64%
1990      3.09%
1991      -3.49%
1992      -5.17%
1993      -2.95%
1994      -5.21%
1995      1.50%
1996      -0.08%
1997      4.01%
1998      7.83%
1999      11.82%
2000      18.74%
2001      14.02%
2002      15.66%
2003      14.21%
2004      19.76%
2005      17.18%
2006      -2.51%
2007      -6.85%
2008      -12.98%
2009      -8.50%
2010      -4.24%
2011      -5.23%
2012      3.74%
2013      14.25%
2014      6.43%
2015      7.18%
2016      6.89%
2017      6.67%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.42%         Rank: 166 of 381 (56th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.2%           Rank: 131 of 381 (65th Percentile)
Last 5 Years                              49%            Rank: 59 of 381 (84th Percentile)
Last 10 Years  . . . . . . . . . . . .   16%            Rank: 105 of 381 (72nd Percentile)
Last 20 Years                            203%          Rank: 9 of 379 (97th Percentile)


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 1.42% in the Last Quarter. At that rate, the San Luis Obispo Real
Estate Market was ranked 166th out of 381 metropolitan Real Estate Markets.
San Luis Obispo was in the 56th percentile. So San Luis Obispo, CA performed
better in the Last Quarter than 56% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 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 330.7 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the San Luis Obispo
Market is up 16% over the last 10 years. Home prices in the San Luis Obispo
Real Estate Market have gained 7.21% over the last 12 months. Over the last
thirty years, it is up 337%.

The 1st Quarter index value was 4.63 points higher than the 4th Quarter, 2017
index value of 326.03, resulting in a 1.42% rise in the 1st Quarter for the San
Luis Obispo Market.

The San Luis Obispo 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 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
1st Quarter, 2018 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 1st Quarter of 2018, San Luis Obispo Home Prices had a rank of
166, with appreciation of 1.42%. 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, San Luis Obispo Home Prices had a rank of 131,
with appreciation during the year of 7.21%. 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, San Luis Obispo Home
Prices ranked 59, with a total appreciation of 48.9%. 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, San Luis Obispo Home
Prices had a rank of 105, with appreciation during the decade of 16%. 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, San Luis Obispo Home
Prices had a rank of 9, with total growth over the 20 year period of 203%. 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 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 Wednesday, July 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030