Cape Coral, FL - House Price Index (HPI)
Cape Coral Real Estate Market Forecast
The House Price Index (HPI) shows changes in Cape Coral-Fort Myers, FL 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.
Cape Coral Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2544.56
3rd Quarter, 2018 Housing Statistics: Cape Coral, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

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 Cape Coral housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Cape Coral 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
Cape Coral is 78% 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 Cape Coral
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Cape Coral housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Cape Coral 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
Cape Coral is 77% 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 Cape Coral
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Cape Coral, Florida


Historical Home Price Appreciation
Last Quarter                                     1.87%
Last Year . . . . . . . . . . . . . . . . . . . .  6.0%
Last 5 Years                                     53%
Last 10 Years . . . . . . . . . . . . . . . . . 45%
Last 20 Years                                   130%
Decline From All Time High               18.05%


Annual Home Price Appreciation Rates
1988      9.86%
1989      6.80%
1990      2.46%
1991      4.63%
1992      0.81%
1993      1.53%
1994      -1.60%
1995      4.10%
1996      -3.51%
1997      6.15%
1998      3.55%
1999      2.74%
2000      8.92%
2001      11.23%
2002      13.65%
2003      11.75%
2004      21.19%
2005      37.07%
2006      1.99%
2007      -17.46%
2008      -34.93%
2009      -11.01%
2010      1.25%
2011      -2.57%
2012      6.83%
2013      11.16%
2014      10.59%
2015      12.40%
2016      8.27%
2017      7.93%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.87%         Rank: 153 of 381 (60th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 206 of 381 (46th Percentile)
Last 5 Years                              53%            Rank: 47 of 381 (87th Percentile)
Last 10 Years  . . . . . . . . . . . .   45%            Rank: 32 of 381 (91st Percentile)
Last 20 Years                            130%          Rank: 67 of 379 (82nd Percentile)
Decline From All Time High        18.05%

The change in home prices for Cape Coral-Fort Myers, FL are shown above for
five time periods. For example: Cape Coral appreciated 1.87% in the Last
Quarter. At that rate, the Cape Coral Real Estate Market was ranked 153rd out
of 381 metropolitan Real Estate Markets. Cape Coral was in the 60th percentile.
So Cape Coral, FL 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: Cape Coral, Florida

The data and analysis on this page pertains to Cape Coral-Fort Myers, FL,
hereinafter referred to as "Cape Coral". The all time high in the Cape Coral
Home Price Index was 312.5 in the 2nd Quarter, of 2006. The 3rd Quarter,
2018 index value was 256.1. That's a decline of 56.40 points or 18.05% below
the Cape Coral Home Price Index all time high.  The Home Price Index indicates
that the Cape Coral Market is up 45% over the last 10 years. Home prices in
the Cape Coral Real Estate Market have gained 5.98% over the last 12 months.
Over the last thirty years, it is up 198%.

The 3rd Quarter index value was 4.70 points higher than the 2nd Quarter, 2018
index value of 251.37, resulting in a 1.87% rise in the 3rd Quarter for the Cape
Coral Market.

The Cape Coral Home Price Index has increased for the last 26 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 Cape Coral Real
Estate Market was 37% in the twelve months ended with the 4th Quarter of
2005. The worst annual change in home values  in the Cape Coral Market was
-35% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Cape Coral Real Estate Market over
a three year period was 91% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Cape Coral
Market was -52% in the three years ended with the 4th Quarter of 2009.

This page provides a long term graph of the Cape Coral 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 Cape Coral 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 Cape Coral 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 Cape Coral 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: Cape Coral, Florida

The trend of Cape Coral 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 Cape Coral-Fort Myers, FL, hereinafter referred to as "Cape Coral".

Last Quarter:
During the 3rd Quarter of 2018, Cape Coral Home Prices had a rank of 153,
with appreciation of 1.87%. 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, Cape Coral Home Prices had a rank of 206, with
appreciation during the year of 5.98%. 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, Cape Coral Home Prices
ranked 47, with a total appreciation of 53.4%. 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, Cape Coral Home Prices
had a rank of 32, with appreciation during the decade of 45%. 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, Cape Coral Home Prices
had a rank of 67, with total growth over the 20 year period of 130%. 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 Cape Coral Real
Estate Market is available back to the 3rd Quarter, of 1984. All calculations are
based on the quarterly value of the House Price Index for Cape Coral. 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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