Asheville, NC - House Price Index (HPI)
Asheville Real Estate Market and Home Price Forecast
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1000
The House Price Index (HPI) shows changes in Asheville, NC 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
Asheville Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2504.56
3rd Quarter, 2018 Housing Statistics: Asheville, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      94%

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 Asheville housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Asheville is 94%. In other words, when tested against historical
data, the forecasting methodology was correct 94% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Asheville is 94% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Asheville
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      88%

The forecast for the trend in the Asheville housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Asheville is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Asheville is 88% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Asheville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Asheville, North Carolina


Historical Home Price Appreciation
Last Quarter                                     2.82%
Last Year . . . . . . . . . . . . . . . . . . . .  9.7%
Last 5 Years                                     43%
Last 10 Years . . . . . . . . . . . . . . . . . 27%
Last 20 Years                                   137%



Annual Home Price Appreciation Rates
1988      4.97%
1989      1.78%
1990      6.36%
1991      2.82%
1992      4.55%
1993      3.35%
1994      4.35%
1995      6.18%
1996      4.96%
1997      8.84%
1998      6.03%
1999      4.75%
2000      6.67%
2001      6.79%
2002      5.42%
2003      5.47%
2004      7.36%
2005      12.47%
2006      10.12%
2007      5.83%
2008      -0.82%
2009      -4.99%
2010      -2.91%
2011      -3.71%
2012      -1.84%
2013      2.78%
2014      5.13%
2015      7.23%
2016      7.21%
2017      8.18%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.82%         Rank: 81 of 381 (78th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.7%           Rank: 62 of 381 (83rd Percentile)
Last 5 Years                              43%            Rank: 83 of 381 (78th Percentile)
Last 10 Years  . . . . . . . . . . . .   27%            Rank: 110 of 381 (71st Percentile)
Last 20 Years                            137%          Rank: 58 of 379 (84th Percentile)


The change in home prices for Asheville, NC are shown above for five time
periods. For example: Asheville appreciated 2.82% in the Last Quarter. At that
rate, the Asheville Real Estate Market was ranked 81st out of 381 metropolitan
Real Estate Markets. Asheville was in the 78th percentile. So Asheville, NC
performed better in the Last Quarter than 78% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Asheville, North Carolina

The all time high in the Asheville Home Price Index was 297.1 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Asheville Market is
up 27% over the last 10 years. Home prices in the Asheville Real Estate Market
have gained 9.69% over the last 12 months. Over the last thirty years, it is up
287%.

The 3rd Quarter index value was 8.14 points higher than the 2nd Quarter, 2018
index value of 288.94, resulting in a 2.82% rise in the 3rd Quarter for the
Asheville Market.

The Asheville Home Price Index has increased for the last 23 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 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Asheville Real Estate
Market was 13% in the twelve months ended with the 3rd Quarter of 2006. The
worst annual change in home values  in the Asheville Market was -7% in the
twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Asheville Real Estate Market over a
three year period was 35% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Asheville Market
was -14% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Asheville Home Price Index
(above). For information about North Carolina 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 Asheville 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 Asheville 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 Asheville 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, 2018 Housing Data: Asheville, North Carolina

The trend of Asheville 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 2018, Asheville Home Prices had a rank of 81, with
appreciation of 2.82%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Asheville Home Prices had a rank of 62, with
appreciation during the year of 9.69%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Asheville Home Prices
ranked 83, with a total appreciation of 42.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Asheville Home Prices
had a rank of 110, with appreciation during the decade of 27%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Asheville Home Prices
had a rank of 58, with total growth over the 20 year period of 137%. 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 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Asheville Real Estate
Market is available back to the 3rd Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Asheville. 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 Thursday, December 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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