Fort Walton Beach, FL - House Price Index (HPI) - 21 Year Chart
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Fort Walton Beach Real Estate Market & Home Price Forecast
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The House Price Index (HPI) shows changes in Fort Walton Beach-Crestview-Destin, FL 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.
Fort Walton Beach Real Estate Market: Trend &Analysis
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13232
4th Quarter, 2012 Housing Statistics: Fort Walton Beach, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 82%
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 Fort Walton Beach housing market for
the 12 months ending with the 4th Quarter of 2013 is UP. The Accuracy of the
Trend Forecast for Fort Walton Beach is 82%. In other words, when tested
against historical data, the forecasting methodology was correct 82% of the
time. Accordingly, Forecast-Chart.com estimates that the probability for rising
house prices in Fort Walton Beach is 82% 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 Fort Walton Beach Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 83%
The forecast for the trend in the Fort Walton Beach housing market for the 3
years ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend
Forecast for Fort Walton Beach 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 Fort Walton Beach is 83% 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 Fort Walton Beach Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Fort Walton Beach, Florida
Historical Home Price Appreciation
Last Quarter 0.95%
Last Year . . . . . . . . . . . . . . . . . . . . 0.3%
Last 5 Years -26%
Last 10 Years . . . . . . . . . . . . . . . . . 31%
Last 20 Years 97%
Decline From All Time High 32.80%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 -5.14%
1988 6.65%
1989 2.25%
1990 -2.26%
1991 3.20%
1992 8.03%
1993 4.51%
1994 1.27%
1995 6.25%
1996 3.71%
1997 6.23%
1998 2.94%
1999 -0.61%
2000 6.49%
2001 5.48%
2002 5.43%
2003 14.18%
2004 26.56%
2005 32.08%
2006 0.26%
2007 -7.33%
2008 -15.18%
2009 -1.13%
2010 -7.94%
2011 -4.58%
2012 0.27%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.95% Rank: 126 of 381 (67th Percentile)
Last Year . . . . . . . . . . . . . . . . 0.3% Rank: 191 of 381 (50th Percentile)
Last 5 Years -26% Rank: 317 of 381 (16th Percentile)
Last 10 Years . . . . . . . . . . . . 31% Rank: 67 of 381 (82nd Percentile)
Last 20 Years 97% Rank: 90 of 368 (75th Percentile)
Decline From All Time High 32.80%
Home Price appreciation rates for Fort Walton Beach-Crestview-Destin, FL are
shown above for five time periods. For example: Fort Walton Beach appreciated
0.95% in the Last Quarter. At that rate, the Fort Walton Beach Real Estate
Market was ranked 126th out of 381 metropolitan areas for Real Estate
Appreciation. Fort Walton Beach was in the 67th percentile. So Fort Walton
Beach, FL performed better in the Last Quarter than 67% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Fort Walton Beach, Florida
The data and analysis on this page pertains to Fort Walton
Beach-Crestview-Destin, FL, hereinafter referred to as "Fort Walton Beach".
The all time high in the Fort Walton Beach Home Price Index was 267.7 in the
3rd Quarter, of 2006. The 4th Quarter, 2012 index value was 179.9. That's a
decline of 87.82 points or 32.80% below the Fort Walton Beach Home Price
Index all time high. The Home Price Index indicates that the Fort Walton Beach
Market is up 31% over the last 10 years. Home prices in the Fort Walton Beach
Real Estate Market have gained 0.27% over the last 12 months.
The 4th Quarter index value was 1.69 points higher than the 3rd Quarter, 2012
index value of 178.22, resulting in a 0.95% rise in the 4th Quarter for the Fort
Walton Beach Market.
The Fort Walton Beach Home Price Index has increased for the last 2
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 Fort Walton Beach Real
Estate Market was 36% in the twelve months ended with the 2nd Quarter of
2005. The worst annual home appreciation rate in the Fort Walton Beach
Market was -15% in the twelve months ended with the 4th Quarter of 2008.
The highest home appreciation in the Fort Walton Beach Real Estate Market
over a three year period was 91% in the three years ended with the 4th Quarter
of 2005. The worst home appreciation over a three year period in the Fort
Walton Beach Market was -26% in the three years ended with the 3rd Quarter
of 2009.
This page provides a long term graph of the Fort Walton Beach Home Price
Index (above). For information about Florida home values, look at the links
under that chart. One link opens a forecast for home appreciation rates in the
state of Florida. Another link opens the home price index chart for Florida. 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 Fort
Walton Beach Home Prices will be at your fingertips when you need them.
Historical data on the Fort Walton Beach Home Price Index is available back to
the 1st Quarter, of 1987. All calculations are based on the quarterly value of
the House Price Index for the Fort Walton 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 Fort Walton 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
4th Quarter, 2012 Housing Data: Fort Walton Beach, Florida
The appreciation of Fort Walton 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 Fort Walton Beach-Crestview-Destin, FL, hereinafter referred
to as "Fort Walton Beach".
Last Quarter:
During the 4th Quarter of 2012, Fort Walton Beach Home Prices had a rank of
126, with appreciation of 0.95%. 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, Fort Walton Beach Home Prices had a rank of 191,
with appreciation during the year of 0.27%. 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, Fort Walton Beach Home
Prices ranked 317, with a total appreciation of -26.1%. 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, Fort Walton Beach
Home Prices had a rank of 67, with appreciation during the decade of 31%. 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, Fort Walton Beach
Home Prices had a rank of 90, with total appreciation over the 20 year period of
97%. 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 Fort Walton Beach
Real Estate Market is available back to the 1st Quarter, of 1987. All calculations
are based on the quarterly value of the House Price Index for Fort Walton
Beach. 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.)
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