Santa Fe, NM - House Price Index (HPI)
Santa Fe Real Estate Market - Home Price Forecast
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1000
The House Price Index (HPI) shows changes in Santa Fe, NM 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
Santa Fe Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18755
3rd Quarter, 2014 Housing Statistics: Santa Fe, New Mexico


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

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 Fe housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Santa Fe is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Santa Fe is 79% 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 Santa Fe
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Santa Fe housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Santa Fe 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 Fe is 83% 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 Santa Fe
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Santa Fe, New Mexico


Historical Home Price Appreciation
Last Quarter                         2.32%
Last Year                              3.1%
Last 5 Years                         -9%
Last 10 Years                       5%
Last 20 Years                       75%
Decline From All Time High   17.85%


Annual Home Price Appreciation Rates
1984        n/a
1985      -0.19%
1986      0.88%
1987      1.52%
1988      3.83%
1989      8.35%
1990      8.90%
1991      5.18%
1992      8.10%
1993      9.38%
1994      8.85%
1995      7.40%
1996      -1.59%
1997      1.27%
1998      3.62%
1999      1.76%
2000      6.03%
2001      6.12%
2002      6.38%
2003      10.84%
2004      8.97%
2005      13.10%
2006      7.61%
2007      3.57%
2008      -6.35%
2009      -5.76%
2010      -4.22%
2011      -3.75%
2012      -2.43%
2013      3.44%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.32%         Rank: 116 of 381 (69th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.1%           Rank: 231 of 381 (39th Percentile)
Last 5 Years                              -9%             Rank: 348 of 381 (8th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 238 of 381 (37th Percentile)
Last 20 Years                            75%            Rank: 190 of 378 (49th Percentile)
Decline From All Time High        17.85%

The change in home prices for Santa Fe, NM are shown above for five time
periods. For example: Santa Fe appreciated 2.32% in the Last Quarter. At that
rate, the Santa Fe Real Estate Market was ranked 116th out of 381
metropolitan Real Estate Markets. Santa Fe was in the 69th percentile. So
Santa Fe, NM performed better in the Last Quarter than 69% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Santa Fe, New Mexico

The all time high in the Santa Fe Home Price Index was 203.1 in the 4th
Quarter, of 2007. The 3rd Quarter, 2014 index value was 166.8. That's a
decline of 36.25 points or 17.85% below the Santa Fe Home Price Index all time
high.  The Home Price Index indicates that the Santa Fe Market is up 5% over
the last 10 years. Home prices in the Santa Fe Real Estate Market have gained
3.09% over the last 12 months.

The 3rd Quarter index value was 3.79 points higher than the 2nd Quarter, 2014
index value of 163.02, resulting in a 2.32% rise in the 3rd Quarter for the Santa
Fe Market.

The Santa Fe Home Price Index has increased for the last 2 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 Santa Fe Real Estate
Market was 13% in the twelve months ended with the 4th Quarter of 2005. The
worst annual change in home values  in the Santa Fe Market was -9% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Santa Fe Real Estate Market over a
three year period was 37% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Santa Fe Market
was -18% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Santa Fe Home Price Index
(above). For information about New Mexico 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 Fe 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 Fe 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 Fe 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: Santa Fe, New Mexico

The trend of Santa Fe 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.

Last Quarter:
During the 3rd Quarter of 2014, Santa Fe Home Prices had a rank of 116, with
appreciation of 2.32%. 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, Santa Fe Home Prices had a rank of 231, with
appreciation during the year of 3.09%. 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, Santa Fe Home Prices
ranked 348, with a total appreciation of -8.6%. 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, Santa Fe Home Prices
had a rank of 238, with appreciation during the decade of 5%. 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, Santa Fe Home Prices
had a rank of 190, with total growth over the 20 year period of 75%. 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 Santa Fe Real Estate
Market is available back to the 1st Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Santa Fe. 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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