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| Danville Real Estate Index: 16 Year Chart Home Values Appreciation Rate - US Cities |
The House Price Index (HPI) shows changes in Danville, IL single family home prices in logarithmic
scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012. See Real
estate forecasts, analysis, statistics and appreciation rates below.
scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012. See Real
estate forecasts, analysis, statistics and appreciation rates below.
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| Danville, IL - House Price Index (HPI) - 16 Year Chart |
| Danville Real Estate Market & Home Price Forecast (IL) |
Danville Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13194
4th Quarter, 2012 Housing Statistics: Danville, Illinois
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 70%
Forecast-Chart.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 Danville housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Danville is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Danville is 70% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Danville Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 79%
The forecast for the trend in the Danville housing market for the 3 years ending
with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend Forecast for
Danville is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Danville is 79% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Danville Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Danville, Illinois
Historical Home Price Appreciation
Last Quarter -2.75%
Last Year . . . . . . . . . . . . . . . . . . . . -3.9%
Last 5 Years -9%
Last 10 Years . . . . . . . . . . . . . . . . . 10%
Last 20 Years 58%
Decline From All Time High 9.99%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 n/a
1989 n/a
1990 n/a
1991 n/a
1992 n/a
1993 -0.73%
1994 2.64%
1995 6.02%
1996 7.04%
1997 3.48%
1998 4.05%
1999 -0.80%
2000 6.59%
2001 4.38%
2002 4.68%
2003 2.65%
2004 7.14%
2005 2.14%
2006 -0.03%
2007 7.30%
2008 -3.88%
2009 -0.59%
2010 -1.67%
2011 0.93%
2012 -3.89%
Real Estate Appreciation, Rank & Percentile
Last Quarter -2.75% Rank: 374 of 381 (1st Percentile)
Last Year . . . . . . . . . . . . . . . . -3.9% Rank: 369 of 381 (3rd Percentile)
Last 5 Years -9% Rank: 188 of 381 (50th Percentile)
Last 10 Years . . . . . . . . . . . . 10% Rank: 271 of 381 (28th Percentile)
Last 20 Years 58% Rank: 284 of 368 (22nd Percentile)
Decline From All Time High 9.99%
Home Price appreciation rates for Danville, IL are shown above for five time
periods. For example: Danville appreciated -2.75% in the Last Quarter. At that
rate, the Danville Real Estate Market was ranked 374th out of 381 metropolitan
areas for Real Estate Appreciation. Danville was in the 1st percentile. So
Danville, IL performed better in the Last Quarter than 1% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Danville, Illinois
The all time high in the Danville Home Price Index was 172.8 in the 3rd Quarter,
of 2007. The 4th Quarter, 2012 index value was 155.6. That's a decline of
17.26 points or 9.99% below the Danville Home Price Index all time high. The
Home Price Index indicates that the Danville Market is up 10% over the last 10
years. Home Prices in the Danville Real Estate Market have lost 3.89% over the
last 12 months.
The 4th Quarter index value was 4.40 points lower than the 3rd Quarter, 2012
index value of 159.98, resulting in a 2.75% decline for the 4th Quarter in the
Danville Market.
The Danville Home Price Index declined in the last quarter after increasing in
the previous 2 quarters. The current record holder for consecutive declines in
the Home Price Index is Tallahassee, FL, with declines in the last 5 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The highest annual home appreciation rate in the Danville Real Estate Market
was 13% in the twelve months ended with the 1st Quarter of 1996. The worst
annual home appreciation rate in the Danville Market was -6% in the twelve
months ended with the 3rd Quarter of 2008.
The highest home appreciation in the Danville Real Estate Market over a three
year period was 19% in the three years ended with the 1st Quarter of 1998.
The worst home appreciation over a three year period in the Danville Market
was -9% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Danville Home Price Index (above).
For information about Illinois home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Illinois.
Another link opens the home price index chart for Illinois. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Danville Home
Prices will be at your fingertips when you need them.
Historical data on the Danville Home Price Index is available back to the 1st
Quarter, of 1992. All calculations are based on the quarterly value of the House
Price Index for the Danville 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 Danville 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
4th Quarter, 2012 Housing Data: Danville, Illinois
The appreciation of Danville 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 4th Quarter of 2012, Danville Home Prices had a rank of 374, with
appreciation of -2.75%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Danville Home Prices had a rank of 369, with
appreciation during the year of -3.89%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Danville Home Prices
ranked 188, with a total appreciation of -8.9%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Danville Home Prices
had a rank of 271, with appreciation during the decade of 10%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Danville Home Prices
had a rank of 284, with total appreciation over the 20 year period of 58%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Danville Real Estate
Market is available back to the 1st Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Danville. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Danville, Illinois
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 70%
Forecast-Chart.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 Danville housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Danville is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Danville is 70% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Danville Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 79%
The forecast for the trend in the Danville housing market for the 3 years ending
with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend Forecast for
Danville is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Danville is 79% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Danville Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Danville, Illinois
Historical Home Price Appreciation
Last Quarter -2.75%
Last Year . . . . . . . . . . . . . . . . . . . . -3.9%
Last 5 Years -9%
Last 10 Years . . . . . . . . . . . . . . . . . 10%
Last 20 Years 58%
Decline From All Time High 9.99%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 n/a
1989 n/a
1990 n/a
1991 n/a
1992 n/a
1993 -0.73%
1994 2.64%
1995 6.02%
1996 7.04%
1997 3.48%
1998 4.05%
1999 -0.80%
2000 6.59%
2001 4.38%
2002 4.68%
2003 2.65%
2004 7.14%
2005 2.14%
2006 -0.03%
2007 7.30%
2008 -3.88%
2009 -0.59%
2010 -1.67%
2011 0.93%
2012 -3.89%
Real Estate Appreciation, Rank & Percentile
Last Quarter -2.75% Rank: 374 of 381 (1st Percentile)
Last Year . . . . . . . . . . . . . . . . -3.9% Rank: 369 of 381 (3rd Percentile)
Last 5 Years -9% Rank: 188 of 381 (50th Percentile)
Last 10 Years . . . . . . . . . . . . 10% Rank: 271 of 381 (28th Percentile)
Last 20 Years 58% Rank: 284 of 368 (22nd Percentile)
Decline From All Time High 9.99%
Home Price appreciation rates for Danville, IL are shown above for five time
periods. For example: Danville appreciated -2.75% in the Last Quarter. At that
rate, the Danville Real Estate Market was ranked 374th out of 381 metropolitan
areas for Real Estate Appreciation. Danville was in the 1st percentile. So
Danville, IL performed better in the Last Quarter than 1% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Danville, Illinois
The all time high in the Danville Home Price Index was 172.8 in the 3rd Quarter,
of 2007. The 4th Quarter, 2012 index value was 155.6. That's a decline of
17.26 points or 9.99% below the Danville Home Price Index all time high. The
Home Price Index indicates that the Danville Market is up 10% over the last 10
years. Home Prices in the Danville Real Estate Market have lost 3.89% over the
last 12 months.
The 4th Quarter index value was 4.40 points lower than the 3rd Quarter, 2012
index value of 159.98, resulting in a 2.75% decline for the 4th Quarter in the
Danville Market.
The Danville Home Price Index declined in the last quarter after increasing in
the previous 2 quarters. The current record holder for consecutive declines in
the Home Price Index is Tallahassee, FL, with declines in the last 5 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The highest annual home appreciation rate in the Danville Real Estate Market
was 13% in the twelve months ended with the 1st Quarter of 1996. The worst
annual home appreciation rate in the Danville Market was -6% in the twelve
months ended with the 3rd Quarter of 2008.
The highest home appreciation in the Danville Real Estate Market over a three
year period was 19% in the three years ended with the 1st Quarter of 1998.
The worst home appreciation over a three year period in the Danville Market
was -9% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Danville Home Price Index (above).
For information about Illinois home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Illinois.
Another link opens the home price index chart for Illinois. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Danville Home
Prices will be at your fingertips when you need them.
Historical data on the Danville Home Price Index is available back to the 1st
Quarter, of 1992. All calculations are based on the quarterly value of the House
Price Index for the Danville 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 Danville 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
4th Quarter, 2012 Housing Data: Danville, Illinois
The appreciation of Danville 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 4th Quarter of 2012, Danville Home Prices had a rank of 374, with
appreciation of -2.75%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Danville Home Prices had a rank of 369, with
appreciation during the year of -3.89%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Danville Home Prices
ranked 188, with a total appreciation of -8.9%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Danville Home Prices
had a rank of 271, with appreciation during the decade of 10%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Danville Home Prices
had a rank of 284, with total appreciation over the 20 year period of 58%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Danville Real Estate
Market is available back to the 1st Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Danville. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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