Santa Cruz, CA - House Price Index (HPI)
Santa Cruz Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Santa Cruz-Watsonville, 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
Santa Cruz Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27136
2nd Quarter, 2017 Housing Statistics: Santa Cruz, 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 Santa Cruz housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Santa Cruz 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
Santa Cruz is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Santa Cruz
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Santa Cruz housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Santa Cruz is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Santa Cruz is 76% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Santa Cruz
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Santa Cruz, California


Historical Home Price Appreciation
Last Quarter                         2.88%
Last Year                              8.7%
Last 5 Years                         58%
Last 10 Years                       10%
Last 20 Years                       211%



Annual Home Price Appreciation Rates
1987      14.07%
1988      19.37%
1989      24.50%
1990      0.95%
1991      0.81%
1992      -1.90%
1993      -2.06%
1994      -2.76%
1995      2.34%
1996      1.65%
1997      7.52%
1998      13.28%
1999      17.64%
2000      23.35%
2001      6.56%
2002      7.43%
2003      5.58%
2004      18.09%
2005      18.06%
2006      -0.50%
2007      -4.82%
2008      -14.51%
2009      -9.36%
2010      -2.83%
2011      -4.80%
2012      3.10%
2013      12.29%
2014      10.82%
2015      9.97%
2016      6.90%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.88%         Rank: 162 of 381 (57th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.7%           Rank: 81 of 381 (78th Percentile)
Last 5 Years                              58%            Rank: 40 of 381 (89th Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 125 of 381 (67th Percentile)
Last 20 Years                            211%          Rank: 8 of 379 (98th Percentile)


The change in home prices for Santa Cruz-Watsonville, CA are shown above
for five time periods. For example: Santa Cruz appreciated 2.88% in the Last
Quarter. At that rate, the Santa Cruz Real Estate Market was ranked 162nd out
of 381 metropolitan Real Estate Markets. Santa Cruz was in the 57th percentile.
So Santa Cruz, CA performed better in the Last Quarter than 57% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Santa Cruz, California

The data and analysis on this page pertains to Santa Cruz-Watsonville, CA,
hereinafter referred to as "Santa Cruz". The all time high in the Santa Cruz
Home Price Index was 326.3 in the 2nd Quarter, of 2017.  The Home Price
Index indicates that the Santa Cruz Market is up 10% over the last 10 years.
Home prices in the Santa Cruz Real Estate Market have gained 8.72% over the
last 12 months. Over the last thirty years, it is up 406%.

The 2nd Quarter index value was 9.13 points higher than the 1st Quarter, 2017
index value of 317.16, resulting in a 2.88% rise in the 2nd Quarter for the Santa
Cruz Market.

The Santa Cruz Home Price Index has increased for the last 14 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 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, with
declines in the last 3 consecutive quarters.

The highest annual change in the value of houses in the Santa Cruz Real
Estate Market was 28% in the twelve months ended with the 3rd Quarter of
1989. The worst annual change in home values  in the Santa Cruz Market was
-15% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Santa Cruz Real Estate Market over a
three year period was 70% in the three years ended with the 4th Quarter of
1989. The worst performance over a three year period in the Santa Cruz
Market was -27% in the three years ended with the 3rd Quarter of 2009.

This page provides a long term graph of the Santa Cruz 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 Santa Cruz 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 Santa Cruz 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 Santa Cruz 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
2nd Quarter, 2017 Housing Data: Santa Cruz, California

The trend of Santa Cruz 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 Santa Cruz-Watsonville, CA, hereinafter referred to as "Santa Cruz".

Last Quarter:
During the 2nd Quarter of 2017, Santa Cruz Home Prices had a rank of 162,
with appreciation of 2.88%. The top performing real estate market during the
2nd Quarter was Weirton, OH, with a rise of 14.58%. The worst market during
that period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Santa Cruz Home Prices had a rank of 81, with
appreciation during the year of 8.72%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Santa Cruz Home Prices
ranked 40, with a total appreciation of 58.1%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Santa Cruz Home Prices
had a rank of 125, with appreciation during the decade of 10%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Santa Cruz Home Prices
had a rank of 8, with total growth over the 20 year period of 211%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Santa Cruz Real Estate
Market is available back to the 2nd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Santa Cruz. 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, October 23, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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