| Elkhart, IN - House Price Index (HPI) - 24 Year Chart |
| Elkhart Real Estate Market & Home Price Forecast |
| 100 |
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The House Price Index (HPI) shows changes in Elkhart-Goshen, IN 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.
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See Real estate forecasts, analysis, statistics and appreciation rates below.
| Elkhart Real Estate Index: 24 Year Chart Home Values Appreciation Rate - US Cities |
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Elkhart Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13214
4th Quarter, 2012 Housing Statistics: Elkhart, Indiana
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 83%
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 Elkhart housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Elkhart is 83%. In other words, when tested against historical data,
the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Elkhart is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 86%
The forecast for the trend in the Elkhart housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Elkhart is 86%. In other words, when tested against historical data, the
forecasting methodology was correct 86% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Elkhart is 86% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Elkhart, Indiana
Historical Home Price Appreciation
Last Quarter 1.22%
Last Year . . . . . . . . . . . . . . . . . . . . 0.2%
Last 5 Years -8%
Last 10 Years . . . . . . . . . . . . . . . . . 4%
Last 20 Years 56%
Decline From All Time High 9.82%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 4.79%
1986 10.27%
1987 -4.25%
1988 4.88%
1989 4.02%
1990 1.20%
1991 3.46%
1992 3.94%
1993 4.17%
1994 4.38%
1995 6.40%
1996 5.29%
1997 4.94%
1998 3.72%
1999 2.16%
2000 4.58%
2001 4.23%
2002 2.02%
2003 3.74%
2004 3.80%
2005 3.57%
2006 1.51%
2007 -0.05%
2008 -1.26%
2009 -4.86%
2010 -0.12%
2011 -2.36%
2012 0.20%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.22% Rank: 91 of 381 (76th Percentile)
Last Year . . . . . . . . . . . . . . . . 0.2% Rank: 193 of 381 (49th Percentile)
Last 5 Years -8% Rank: 176 of 381 (53rd Percentile)
Last 10 Years . . . . . . . . . . . . 4% Rank: 309 of 381 (18th Percentile)
Last 20 Years 56% Rank: 289 of 368 (21st Percentile)
Decline From All Time High 9.82%
Home Price appreciation rates for Elkhart-Goshen, IN are shown above for five
time periods. For example: Elkhart appreciated 1.22% in the Last Quarter. At
that rate, the Elkhart Real Estate Market was ranked 91st out of 381
metropolitan areas for Real Estate Appreciation. Elkhart was in the 76th
percentile. So Elkhart, IN performed better in the Last Quarter than 76% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Elkhart, Indiana
The data and analysis on this page pertains to Elkhart-Goshen, IN, hereinafter
referred to as "Elkhart". The all time high in the Elkhart Home Price Index was
157.0 in the 1st Quarter, of 2009. The 4th Quarter, 2012 index value was
141.5. That's a decline of 15.41 points or 9.82% below the Elkhart Home Price
Index all time high. The Home Price Index indicates that the Elkhart Market is
up 4% over the last 10 years. Home prices in the Elkhart Real Estate Market
have gained 0.20% over the last 12 months.
The 4th Quarter index value was 1.71 points higher than the 3rd Quarter, 2012
index value of 139.83, resulting in a 1.22% rise in the 4th Quarter for the
Elkhart Market.
The Elkhart Home Price Index has increased for the last 3 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 current
record holder for consecutive declines in the Home Price Index is Tallahassee,
FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Elkhart Real Estate Market
was 12% in the twelve months ended with the 3rd Quarter of 1986. The worst
annual home appreciation rate in the Elkhart Market was -8% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the Elkhart Real Estate Market over a three
year period was 19% in the three years ended with the 1st Quarter of 1997.
The worst home appreciation over a three year period in the Elkhart Market was
-12% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Elkhart Home Price Index (above).
For information about Indiana home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Indiana.
Another link opens the home price index chart for Indiana. 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 Elkhart Home
Prices will be at your fingertips when you need them.
Historical data on the Elkhart Home Price Index is available back to the 3rd
Quarter, of 1984. All calculations are based on the quarterly value of the House
Price Index for the Elkhart 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 Elkhart 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: Elkhart, Indiana
The appreciation of Elkhart 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 Elkhart-Goshen, IN, hereinafter referred to as "Elkhart".
Last Quarter:
During the 4th Quarter of 2012, Elkhart Home Prices had a rank of 91, with
appreciation of 1.22%. 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, Elkhart Home Prices had a rank of 193, with
appreciation during the year of 0.20%. 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, Elkhart Home Prices
ranked 176, with a total appreciation of -8.2%. 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, Elkhart Home Prices had
a rank of 309, with appreciation during the decade of 4%. 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, Elkhart Home Prices had
a rank of 289, with total appreciation over the 20 year period of 56%. 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 Elkhart 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 Elkhart. 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: Elkhart, Indiana
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 83%
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 Elkhart housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Elkhart is 83%. In other words, when tested against historical data,
the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Elkhart is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 86%
The forecast for the trend in the Elkhart housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Elkhart is 86%. In other words, when tested against historical data, the
forecasting methodology was correct 86% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Elkhart is 86% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Elkhart, Indiana
Historical Home Price Appreciation
Last Quarter 1.22%
Last Year . . . . . . . . . . . . . . . . . . . . 0.2%
Last 5 Years -8%
Last 10 Years . . . . . . . . . . . . . . . . . 4%
Last 20 Years 56%
Decline From All Time High 9.82%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 4.79%
1986 10.27%
1987 -4.25%
1988 4.88%
1989 4.02%
1990 1.20%
1991 3.46%
1992 3.94%
1993 4.17%
1994 4.38%
1995 6.40%
1996 5.29%
1997 4.94%
1998 3.72%
1999 2.16%
2000 4.58%
2001 4.23%
2002 2.02%
2003 3.74%
2004 3.80%
2005 3.57%
2006 1.51%
2007 -0.05%
2008 -1.26%
2009 -4.86%
2010 -0.12%
2011 -2.36%
2012 0.20%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.22% Rank: 91 of 381 (76th Percentile)
Last Year . . . . . . . . . . . . . . . . 0.2% Rank: 193 of 381 (49th Percentile)
Last 5 Years -8% Rank: 176 of 381 (53rd Percentile)
Last 10 Years . . . . . . . . . . . . 4% Rank: 309 of 381 (18th Percentile)
Last 20 Years 56% Rank: 289 of 368 (21st Percentile)
Decline From All Time High 9.82%
Home Price appreciation rates for Elkhart-Goshen, IN are shown above for five
time periods. For example: Elkhart appreciated 1.22% in the Last Quarter. At
that rate, the Elkhart Real Estate Market was ranked 91st out of 381
metropolitan areas for Real Estate Appreciation. Elkhart was in the 76th
percentile. So Elkhart, IN performed better in the Last Quarter than 76% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Elkhart, Indiana
The data and analysis on this page pertains to Elkhart-Goshen, IN, hereinafter
referred to as "Elkhart". The all time high in the Elkhart Home Price Index was
157.0 in the 1st Quarter, of 2009. The 4th Quarter, 2012 index value was
141.5. That's a decline of 15.41 points or 9.82% below the Elkhart Home Price
Index all time high. The Home Price Index indicates that the Elkhart Market is
up 4% over the last 10 years. Home prices in the Elkhart Real Estate Market
have gained 0.20% over the last 12 months.
The 4th Quarter index value was 1.71 points higher than the 3rd Quarter, 2012
index value of 139.83, resulting in a 1.22% rise in the 4th Quarter for the
Elkhart Market.
The Elkhart Home Price Index has increased for the last 3 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 current
record holder for consecutive declines in the Home Price Index is Tallahassee,
FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Elkhart Real Estate Market
was 12% in the twelve months ended with the 3rd Quarter of 1986. The worst
annual home appreciation rate in the Elkhart Market was -8% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the Elkhart Real Estate Market over a three
year period was 19% in the three years ended with the 1st Quarter of 1997.
The worst home appreciation over a three year period in the Elkhart Market was
-12% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Elkhart Home Price Index (above).
For information about Indiana home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Indiana.
Another link opens the home price index chart for Indiana. 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 Elkhart Home
Prices will be at your fingertips when you need them.
Historical data on the Elkhart Home Price Index is available back to the 3rd
Quarter, of 1984. All calculations are based on the quarterly value of the House
Price Index for the Elkhart 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 Elkhart 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: Elkhart, Indiana
The appreciation of Elkhart 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 Elkhart-Goshen, IN, hereinafter referred to as "Elkhart".
Last Quarter:
During the 4th Quarter of 2012, Elkhart Home Prices had a rank of 91, with
appreciation of 1.22%. 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, Elkhart Home Prices had a rank of 193, with
appreciation during the year of 0.20%. 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, Elkhart Home Prices
ranked 176, with a total appreciation of -8.2%. 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, Elkhart Home Prices had
a rank of 309, with appreciation during the decade of 4%. 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, Elkhart Home Prices had
a rank of 289, with total appreciation over the 20 year period of 56%. 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 Elkhart 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 Elkhart. 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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