West Palm Beach, FL - House Price Index (HPI)
West Palm Beach Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in West Palm Beach-Boca Raton-Boynton Beach, 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.
10
West Palm Beach Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2854.56
3rd Quarter, 2018 Housing Statistics: West Palm Beach, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

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 West Palm Beach housing market for
the 12 months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the
Trend Projection for West Palm Beach is 82%. In other words, when tested
against historical data, the forecasting methodology was correct 82% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in West Palm Beach is 82% 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 West Palm Beach Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the West Palm Beach housing market for the 3
years ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for West Palm Beach is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in West Palm Beach is 82% 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 West Palm Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: West Palm Beach, Florida


Historical Home Price Appreciation
Last Quarter                         3.22%
Last Year                              8.9%
Last 5 Years                         63%
Last 10 Years                       43%
Last 20 Years                       176%
Decline From All Time High   2.71%


Annual Home Price Appreciation Rates
1988      6.55%
1989      4.37%
1990      -1.05%
1991      1.51%
1992      0.96%
1993      0.74%
1994      -0.50%
1995      3.24%
1996      0.87%
1997      3.47%
1998      4.68%
1999      4.72%
2000      8.90%
2001      11.01%
2002      13.31%
2003      15.56%
2004      24.90%
2005      27.72%
2006      5.20%
2007      -13.44%
2008      -24.20%
2009      -11.00%
2010      -3.01%
2011      -7.82%
2012      1.86%
2013      16.98%
2014      11.19%
2015      10.47%
2016      9.85%
2017      9.11%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.22%         Rank: 63 of 381 (83rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.9%           Rank: 78 of 381 (79th Percentile)
Last 5 Years                              63%            Rank: 18 of 381 (95th Percentile)
Last 10 Years  . . . . . . . . . . . .   43%            Rank: 39 of 381 (90th Percentile)
Last 20 Years                            176%          Rank: 22 of 379 (94th Percentile)
Decline From All Time High        2.71%

The change in home prices for West Palm Beach-Boca Raton-Delray Beach, FL
are shown above for five time periods. For example: West Palm Beach
appreciated 3.22% in the Last Quarter. At that rate, the West Palm Beach Real
Estate Market was ranked 63rd out of 381 metropolitan Real Estate Markets.
West Palm Beach was in the 83rd percentile. So West Palm Beach, FL
performed better in the Last Quarter than 83% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: West Palm Beach, Florida

The data and analysis on this page pertains to West Palm Beach-Boca
Raton-Delray Beach, FL, hereinafter referred to as "West Palm Beach". The all
time high in the West Palm Beach Home Price Index was 318.2 in the 2nd
Quarter, of 2006. The 3rd Quarter, 2018 index value was 309.5. That's a
decline of 8.63 points or 2.71% below the West Palm Beach Home Price Index
all time high.  The Home Price Index indicates that the West Palm Beach Market
is up 43% over the last 10 years. Home prices in the West Palm Beach Real
Estate Market have gained 8.90% over the last 12 months. Over the last thirty
years, it is up 232%.

The 3rd Quarter index value was 9.66 points higher than the 2nd Quarter, 2018
index value of 299.87, resulting in a 3.22% rise in the 3rd Quarter for the West
Palm Beach Market.

The West Palm Beach 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 West Palm Beach
Real Estate Market was 30% in the twelve months ended with the 2nd Quarter
of 2005. The worst annual change in home values  in the West Palm Beach
Market was -25% in the twelve months ended with the 3rd Quarter of 2008.

The highest growth in home values in the West Palm Beach Real Estate Market
over a three year period was 88% in the three years ended with the 1st Quarter
of 2006. The worst performance over a three year period in the West Palm
Beach Market was -42% in the three years ended with the 4th Quarter of 2009.

This page provides a long term graph of the West Palm Beach 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 West Palm Beach
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 West Palm Beach 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 West Palm Beach 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: West Palm Beach, Florida

The trend of West Palm Beach 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 West Palm Beach-Boca Raton-Delray Beach, FL, hereinafter referred to as
"West Palm Beach".

Last Quarter:
During the 3rd Quarter of 2018, West Palm Beach Home Prices had a rank of
63, with appreciation of 3.22%. 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, West Palm Beach Home Prices had a rank of 78,
with appreciation during the year of 8.90%. 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, West Palm Beach Home
Prices ranked 18, with a total appreciation of 63.3%. 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, West Palm Beach Home
Prices had a rank of 39, with appreciation during the decade of 43%. 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, West Palm Beach Home
Prices had a rank of 22, 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 West Palm Beach 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 West Palm Beach.
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 Friday, February 1, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.




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