St. George, UT - House Price Index (HPI)
St. George Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in St. George, UT 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
St. George Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  534.56
4th Quarter, 2017 Housing Statistics: St. George, Utah


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      77%

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 St. George housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for St. George is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in St.
George is 77% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the St. George
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the St. George housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for St. George is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in St.
George is 75% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the St. George
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: St. George, Utah


Historical Home Price Appreciation
Last Quarter                         1.91%
Last Year                              9.8%
Last 5 Years                         42%
Last 10 Years                       -5%
Last 20 Years                       75%
Decline From All Time High   8.45%


Annual Home Price Appreciation Rates
1988      7.07%
1989      4.59%
1990      -4.98%
1991      7.27%
1992      6.83%
1993      10.36%
1994      11.71%
1995      8.23%
1996      3.81%
1997      4.41%
1998      2.43%
1999      -2.89%
2000      1.91%
2001      3.74%
2002      1.71%
2003      2.75%
2004      15.92%
2005      36.47%
2006      9.81%
2007      -3.54%
2008      -14.95%
2009      -16.43%
2010      -5.80%
2011      -4.93%
2012      5.20%
2013      8.91%
2014      5.35%
2015      6.79%
2016      5.47%
2017      9.75%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.91%         Rank: 85 of 381 (77th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.8%           Rank: 48 of 381 (87th Percentile)
Last 5 Years                              42%            Rank: 78 of 381 (79th Percentile)
Last 10 Years  . . . . . . . . . . . .   -5%            Rank: 313 of 381 (17th Percentile)
Last 20 Years                            75%            Rank: 204 of 379 (46th Percentile)
Decline From All Time High        8.45%

The change in home prices for St. George, UT are shown above for five time
periods. For example: St. George appreciated 1.91% in the Last Quarter. At
that rate, the St. George Real Estate Market was ranked 85th out of 381
metropolitan Real Estate Markets. St. George was in the 77th percentile. So St.
George, UT performed better in the Last Quarter than 77% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: St. George, Utah

The all time high in the St. George Home Price Index was 213.9 in the 1st
Quarter, of 2007. The 4th Quarter, 2017 index value was 195.8. That's a
decline of 18.08 points or 8.45% below the St. George Home Price Index all time
high.  The Home Price Index indicates that the St. George Market is down 5%
over the last 10 years. Home prices in the St. George Real Estate Market have
gained 9.75% over the last 12 months. Over the last thirty years, it is up 208%.

The 4th Quarter index value was 3.67 points higher than the 3rd Quarter, 2017
index value of 192.16, resulting in a 1.91% rise in the 4th Quarter for the St.
George Market.

The St. George 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 26 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana,
TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the St. George Real
Estate Market was 37% in the twelve months ended with the 1st Quarter of
2006. The worst annual change in home values  in the St. George Market was
-18% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the St. George Real Estate Market over a
three year period was 74% in the three years ended with the 4th Quarter of
2006. The worst performance over a three year period in the St. George Market
was -35% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the St. George Home Price Index
(above). For information about Utah 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 St. George 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 St. George 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 St. George 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
4th Quarter, 2017 Housing Data: St. George, Utah

The trend of St. George 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 4th Quarter of 2017, St. George Home Prices had a rank of 85, with
appreciation of 1.91%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, St. George Home Prices had a rank of 48, with
appreciation during the year of 9.75%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, St. George Home Prices
ranked 78, with a total appreciation of 41.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, St. George Home Prices
had a rank of 313, with appreciation during the decade of -5%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, St. George Home Prices
had a rank of 204, 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 280%. The worst market during the last 20 years was Saginaw, MI,
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 89%.

Historical research data on the Home Price Index for the St. George Real Estate
Market is available back to the 3rd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for St. George. 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, April 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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