Santa Fe, NM - House Price Index (HPI)
Santa Fe Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Santa Fe, NM 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
Santa Fe Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2801.56
3rd Quarter, 2018 Housing Statistics: Santa Fe, New Mexico


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


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Santa Fe housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Santa Fe is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Santa Fe is 80% 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 Santa Fe
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Santa Fe, New Mexico


Historical Home Price Appreciation
Last Quarter                         3.71%
Last Year                              7.8%
Last 5 Years                         25%
Last 10 Years                       4%
Last 20 Years                       85%
Decline From All Time High   0.69%


Annual Home Price Appreciation Rates
1988      4.02%
1989      9.51%
1990      8.75%
1991      4.45%
1992      8.34%
1993      9.09%
1994      9.53%
1995      7.17%
1996      -1.49%
1997      1.10%
1998      3.84%
1999      2.01%
2000      6.04%
2001      5.79%
2002      6.22%
2003      10.94%
2004      8.94%
2005      12.97%
2006      8.04%
2007      3.16%
2008      -6.40%
2009      -6.02%
2010      -4.06%
2011      -3.87%
2012      -2.84%
2013      2.16%
2014      -0.05%
2015      5.75%
2016      5.85%
2017      4.55%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.71%         Rank: 45 of 381 (88th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.8%           Rank: 108 of 381 (71st Percentile)
Last 5 Years                              25%            Rank: 179 of 381 (53rd Percentile)
Last 10 Years  . . . . . . . . . . . .   4%              Rank: 314 of 381 (17th Percentile)
Last 20 Years                            85%            Rank: 173 of 379 (54th Percentile)
Decline From All Time High        0.69%

The change in home prices for Santa Fe, NM are shown above for five time
periods. For example: Santa Fe appreciated 3.71% in the Last Quarter. At that
rate, the Santa Fe Real Estate Market was ranked 45th out of 381 metropolitan
Real Estate Markets. Santa Fe was in the 88th percentile. So Santa Fe, NM
performed better in the Last Quarter than 88% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Santa Fe, New Mexico

The all time high in the Santa Fe Home Price Index was 202.4 in the 4th
Quarter, of 2007. The 3rd Quarter, 2018 index value was 201.0. That's a
decline of 1.39 points or 0.69% below the Santa Fe Home Price Index all time
high.  The Home Price Index indicates that the Santa Fe Market is up 4% over
the last 10 years. Home prices in the Santa Fe Real Estate Market have gained
7.83% over the last 12 months. Over the last thirty years, it is up 221%.

The 3rd Quarter index value was 7.18 points higher than the 2nd Quarter, 2018
index value of 193.78, resulting in a 3.71% rise in the 3rd Quarter for the Santa
Fe Market.

The Santa Fe Home Price Index has increased for the last 6 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 Santa Fe Real Estate
Market was 13% in the twelve months ended with the 4th Quarter of 2005. The
worst annual change in home values  in the Santa Fe Market was -8% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Santa Fe Real Estate Market over a
three year period was 37% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Santa Fe Market
was -18% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Santa Fe Home Price Index
(above). For information about New Mexico 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 Santa Fe 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 Santa Fe 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 Santa Fe 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: Santa Fe, New Mexico

The trend of Santa Fe 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, Santa Fe Home Prices had a rank of 45, with
appreciation of 3.71%. 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, Santa Fe Home Prices had a rank of 108, with
appreciation during the year of 7.83%. 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, Santa Fe Home Prices
ranked 179, with a total appreciation of 25.3%. 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, Santa Fe Home Prices
had a rank of 314, with appreciation during the decade of 4%. 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, Santa Fe Home Prices
had a rank of 173, with total growth over the 20 year period of 85%. 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 Santa Fe Real Estate
Market is available back to the 1st Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Santa Fe. 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, January 31, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.




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