Las Vegas, NV - House Price Index (HPI)
Las Vegas Real Estate Market Forecast  (NV)
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The House Price Index (HPI) shows changes in Las Vegas-Paradise, NV 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.
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Las Vegas Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2682.56
3rd Quarter, 2018 Housing Statistics: Las Vegas, Nevada


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

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 Las Vegas housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Las Vegas is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Las
Vegas is 79% 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 Las Vegas
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      71%

The forecast for the trend in the Las Vegas housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Las Vegas is 71%. In other words, when tested against historical
data, the forecasting methodology was correct 71% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Las
Vegas is 71% 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 Las Vegas
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Las Vegas, Nevada


Historical Home Price Appreciation
Last Quarter                         4.98%
Last Year                              18.1%
Last 5 Years                         79%
Last 10 Years                       36%
Last 20 Years                       105%
Decline From All Time High   11.26%


Annual Home Price Appreciation Rates
1988      4.95%
1989      6.79%
1990      8.24%
1991      5.76%
1992      1.63%
1993      1.07%
1994      -1.45%
1995      4.95%
1996      1.37%
1997      3.11%
1998      2.69%
1999      1.18%
2000      5.34%
2001      6.85%
2002      5.54%
2003      13.39%
2004      39.30%
2005      15.14%
2006      4.97%
2007      -8.31%
2008      -35.41%
2009      -19.88%
2010      -5.73%
2011      -12.14%
2012      5.65%
2013      26.83%
2014      11.57%
2015      9.33%
2016      7.10%
2017      13.22%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.98%         Rank: 14 of 381 (96th Percentile)
Last Year  . . . . . . . . . . . . . . . .  18.1%          Rank: 1 of 381 (100th Percentile)
Last 5 Years                              79%            Rank: 3 of 381 (99th Percentile)
Last 10 Years  . . . . . . . . . . . .   36%            Rank: 59 of 381 (84th Percentile)
Last 20 Years                            105%          Rank: 124 of 379 (67th Percentile)
Decline From All Time High        11.26%

The change in home prices for Las Vegas-Henderson-Paradise, NV are shown
above for five time periods. For example: Las Vegas appreciated 4.98% in the
Last Quarter. At that rate, the Las Vegas Real Estate Market was ranked 14th
out of 381 metropolitan Real Estate Markets. Las Vegas was in the 96th
percentile. So Las Vegas, NV performed better in the Last Quarter than 96% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Las Vegas, Nevada

The data and analysis on this page pertains to Las
Vegas-Henderson-Paradise, NV, hereinafter referred to as "Las Vegas". The all
time high in the Las Vegas Home Price Index was 257.1 in the 4th Quarter, of
2006. The 3rd Quarter, 2018 index value was 228.2. That's a decline of 28.94
points or 11.26% below the Las Vegas Home Price Index all time high.  The
Home Price Index indicates that the Las Vegas Market is up 36% over the last
10 years. Home prices in the Las Vegas Real Estate Market have gained
18.08% over the last 12 months. Over the last thirty years, it is up 188%.

The 3rd Quarter index value was 10.83 points higher than the 2nd Quarter,
2018 index value of 217.35, resulting in a 4.98% rise in the 3rd Quarter for the
Las Vegas Market.

The Las Vegas 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 Las Vegas Real
Estate Market was 44% in the twelve months ended with the 3rd Quarter of
2004. The worst annual change in home values  in the Las Vegas Market was
-35% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Las Vegas Real Estate Market over a
three year period was 84% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Las Vegas Market
was -53% in the three years ended with the 1st Quarter of 2010.

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

The trend of Las Vegas 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 Las Vegas-Henderson-Paradise, NV, hereinafter referred to as "Las Vegas".

Last Quarter:
During the 3rd Quarter of 2018, Las Vegas Home Prices had a rank of 14, with
appreciation of 4.98%. 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, Las Vegas Home Prices outperformed every state,
with appreciation during the year of 18.08%. The worst performer 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, Las Vegas Home Prices
ranked 3, with a total appreciation of 78.5%. 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, Las Vegas Home Prices
had a rank of 59, with appreciation during the decade of 36%. 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, Las Vegas Home Prices
had a rank of 124, with total growth over the 20 year period of 105%. 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 Las Vegas 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 Las Vegas. 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, January 2, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.





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