Bellingham, WA - House Price Index (HPI)
Bellingham Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Bellingham, WA 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
Bellingham Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2519.56
3rd Quarter, 2018 Housing Statistics: Bellingham, Washington


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 Bellingham housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Bellingham 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
Bellingham is 83% 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 Bellingham
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Bellingham housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Bellingham is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Bellingham is 78% 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 Bellingham
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Bellingham, Washington


Historical Home Price Appreciation
Last Quarter                                     1.88%
Last Year . . . . . . . . . . . . . . . . . . . .  9.9%
Last 5 Years                                     48%
Last 10 Years . . . . . . . . . . . . . . . . . 35%
Last 20 Years                                   176%



Annual Home Price Appreciation Rates
1988      11.23%
1989      20.60%
1990      25.31%
1991      4.79%
1992      9.58%
1993      5.31%
1994      1.59%
1995      5.34%
1996      0.55%
1997      2.90%
1998      2.20%
1999      0.50%
2000      4.52%
2001      5.20%
2002      6.01%
2003      12.84%
2004      19.88%
2005      20.44%
2006      5.96%
2007      3.29%
2008      -3.11%
2009      -6.08%
2010      -3.37%
2011      -3.87%
2012      1.51%
2013      1.76%
2014      4.87%
2015      6.76%
2016      8.56%
2017      11.69%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.88%         Rank: 150 of 381 (60th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.9%           Rank: 56 of 381 (85th Percentile)
Last 5 Years                              48%            Rank: 61 of 381 (84th Percentile)
Last 10 Years  . . . . . . . . . . . .   35%            Rank: 64 of 381 (83rd Percentile)
Last 20 Years                            176%          Rank: 23 of 379 (94th Percentile)


The change in home prices for Bellingham, WA are shown above for five time
periods. For example: Bellingham appreciated 1.88% in the Last Quarter. At
that rate, the Bellingham Real Estate Market was ranked 150th out of 381
metropolitan Real Estate Markets. Bellingham was in the 60th percentile. So
Bellingham, WA performed better in the Last Quarter than 60% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Bellingham, Washington

The all time high in the Bellingham Home Price Index was 293.7 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Bellingham Market is
up 35% over the last 10 years. Home prices in the Bellingham Real Estate
Market have gained 9.92% over the last 12 months. Over the last thirty years, it
is up 478%.

The 3rd Quarter index value was 5.43 points higher than the 2nd Quarter, 2018
index value of 288.30, resulting in a 1.88% rise in the 3rd Quarter for the
Bellingham Market.

The Bellingham Home Price Index has increased for the last 19 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 Bellingham Real
Estate Market was 29% in the twelve months ended with the 2nd Quarter of
1990. The worst annual change in home values  in the Bellingham Market was
-8% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Bellingham Real Estate Market over a
three year period was 70% in the three years ended with the 1st Quarter of
1991. The worst performance over a three year period in the Bellingham Market
was -16% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Bellingham Home Price Index
(above). For information about Washington 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 Bellingham 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 Bellingham 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 Bellingham 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: Bellingham, Washington

The trend of Bellingham 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, Bellingham Home Prices had a rank of 150,
with appreciation of 1.88%. 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, Bellingham Home Prices had a rank of 56, with
appreciation during the year of 9.92%. 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, Bellingham Home Prices
ranked 61, with a total appreciation of 48.5%. 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, Bellingham Home Prices
had a rank of 64, with appreciation during the decade of 35%. 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, Bellingham Home Prices
had a rank of 23, with total growth over the 20 year period of 176%. 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 Bellingham Real Estate
Market is available back to the 1st Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Bellingham. 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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