West Palm Beach, FL - House Price Index (HPI)
West Palm Beach Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in West Palm Beach-Boca Raton-Boynton Beach, FL
single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated
Friday, July 24, 2015. Real estate forecasts, analysis, statistics and appreciation rates are provided
below.
10
West Palm Beach Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18808
3rd Quarter, 2014 Housing Statistics: West Palm Beach, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 West Palm Beach housing market for
the 12 months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the
Trend Projection for West Palm Beach is 81%. In other words, when tested
against historical data, the forecasting methodology was correct 81% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in West Palm Beach is 81% 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 West Palm Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the West Palm Beach housing market for the 3
years ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for West Palm Beach 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 West Palm Beach 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 West Palm Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: West Palm Beach, Florida


Historical Home Price Appreciation
Last Quarter                         2.09%
Last Year                              11.2%
Last 5 Years                         13%
Last 10 Years                       -5%
Last 20 Years                       112%
Decline From All Time High   33.10%


Annual Home Price Appreciation Rates
1984      0.76%
1985      0.36%
1986      4.36%
1987      5.28%
1988      6.71%
1989      4.16%
1990      -1.18%
1991      1.61%
1992      0.97%
1993      0.70%
1994      -0.48%
1995      3.11%
1996      1.01%
1997      3.36%
1998      4.76%
1999      4.69%
2000      8.90%
2001      10.96%
2002      13.29%
2003      15.50%
2004      24.76%
2005      27.65%
2006      5.24%
2007      -13.38%
2008      -23.83%
2009      -10.76%
2010      -3.13%
2011      -7.59%
2012      1.83%
2013      17.25%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.09%         Rank: 132 of 381 (65th Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.2%          Rank: 26 of 381 (93rd Percentile)
Last 5 Years                              13%            Rank: 53 of 381 (86th Percentile)
Last 10 Years  . . . . . . . . . . . .   -5%            Rank: 322 of 381 (15th Percentile)
Last 20 Years                            112%          Rank: 60 of 378 (84th Percentile)
Decline From All Time High        33.10%

The change in home prices for West Palm Beach-Boca Raton-Delray Beach, FL
are shown above for five time periods. For example: West Palm Beach
appreciated 2.09% in the Last Quarter. At that rate, the West Palm Beach Real
Estate Market was ranked 132nd out of 381 metropolitan Real Estate Markets.
West Palm Beach was in the 65th percentile. So West Palm Beach, FL
performed better in the Last Quarter than 65% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: West Palm Beach, Florida

The data and analysis on this page pertains to West Palm Beach-Boca
Raton-Delray Beach, FL, hereinafter referred to as "West Palm Beach". The all
time high in the West Palm Beach Home Price Index was 316.7 in the 2nd
Quarter, of 2006. The 3rd Quarter, 2014 index value was 211.9. That's a
decline of 104.82 points or 33.10% below the West Palm Beach Home Price
Index all time high.  The Home Price Index indicates that the West Palm Beach
Market is down 5% over the last 10 years. Home prices in the West Palm Beach
Real Estate Market have gained 11.24% over the last 12 months. Over the last
thirty years, it is up 164%.

The 3rd Quarter index value was 4.33 points higher than the 2nd Quarter, 2014
index value of 207.54, resulting in a 2.09% rise in the 3rd Quarter for the West
Palm Beach Market.

The West Palm Beach Home Price Index has increased for the last 7
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 West Palm Beach
Real Estate Market was 30% in the twelve months ended with the 2nd Quarter
of 2005. The worst annual change in home values  in the West Palm Beach
Market was -24% in the twelve months ended with the 3rd Quarter of 2008.

The highest growth in home values in the West Palm Beach Real Estate Market
over a three year period was 87% in the three years ended with the 1st Quarter
of 2006. The worst performance over a three year period in the West Palm
Beach Market was -41% in the three years ended with the 4th Quarter of 2009.

This page provides a long term graph of the West Palm Beach Home Price
Index (above). For information about Florida 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 West Palm Beach
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 West Palm Beach 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 West Palm Beach 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: West Palm Beach, Florida

The trend of West Palm Beach 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 West Palm Beach-Boca Raton-Delray Beach, FL, hereinafter referred to as
"West Palm Beach".

Last Quarter:
During the 3rd Quarter of 2014, West Palm Beach Home Prices had a rank of
132, with appreciation of 2.09%. 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, West Palm Beach Home Prices had a rank of 26,
with appreciation during the year of 11.24%. 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, West Palm Beach Home
Prices ranked 53, with a total appreciation of 13.2%. 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, West Palm Beach Home
Prices had a rank of 322, 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, West Palm Beach Home
Prices had a rank of 60, with total growth over the 20 year period of 112%. 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 West Palm Beach 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 West Palm Beach.
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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