Lake Havasu City, AZ - House Price Index (HPI) - 22 Year Chart
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Lake Havasu City Real Estate Market & Home Price Forecast
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The House Price Index (HPI) shows changes in Lake Havasu City-Kingman, AZ 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.
Lake Havasu City Real Estate Market: Trend & Analysis
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13296
4th Quarter, 2012 Housing Statistics: Lake Havasu City, Arizona
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 61%
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 Lake Havasu City housing market for
the 12 months ending with the 4th Quarter of 2013 is UP. The Accuracy of the
Trend Forecast for Lake Havasu City is 61%. In other words, when tested
against historical data, the forecasting methodology was correct 61% of the
time. Accordingly, Forecast-Chart.com estimates that the probability for rising
house prices in Lake Havasu City is 61% 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 Lake Havasu City Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 62%
The forecast for the trend in the Lake Havasu City housing market for the 3
years ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend
Forecast for Lake Havasu City is 62%. In other words, when tested against
historical data, the forecasting methodology was correct 62% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for rising house
prices in Lake Havasu City is 62% 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 Lake Havasu City Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Lake Havasu City, Arizona
Historical Home Price Appreciation
Last Quarter 3.13%
Last Year 3.8%
Last 5 Years -36%
Last 10 Years 13%
Last 20 Years 42%
Decline From All Time High 41.61%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 -0.06%
1988 2.42%
1989 8.20%
1990 14.78%
1991 7.43%
1992 -0.68%
1993 1.86%
1994 -5.98%
1995 3.62%
1996 -1.44%
1997 2.33%
1998 2.48%
1999 -3.57%
2000 7.51%
2001 6.82%
2002 11.03%
2003 16.41%
2004 24.92%
2005 22.60%
2006 7.36%
2007 -8.63%
2008 -19.14%
2009 -13.94%
2010 -7.99%
2011 -3.06%
2012 3.82%
Real Estate Appreciation, Rank & Percentile
Last Quarter 3.13% Rank: 14 of 381 (96th Percentile)
Last Year . . . . . . . . . . . . . . . . 3.8% Rank: 28 of 381 (92nd Percentile)
Last 5 Years -36% Rank: 346 of 381 (9th Percentile)
Last 10 Years . . . . . . . . . . . . 13% Rank: 242 of 381 (36th Percentile)
Last 20 Years 42% Rank: 341 of 368 (7th Percentile)
Decline From All Time High 41.61%
Home Price appreciation rates for Lake Havasu City-Kingman, AZ are shown
above for five time periods. For example: Lake Havasu City appreciated 3.13%
in the Last Quarter. At that rate, the Lake Havasu City Real Estate Market was
ranked 14th out of 381 metropolitan areas for Real Estate Appreciation. Lake
Havasu City was in the 96th percentile. So Lake Havasu City, AZ performed
better in the Last Quarter than 96% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Lake Havasu City, Arizona
The data and analysis on this page pertains to Lake Havasu City-Kingman, AZ,
hereinafter referred to as "Lake Havasu City". The all time high in the Lake
Havasu City Home Price Index was 259.6 in the 3rd Quarter, of 2006. The 4th
Quarter, 2012 index value was 151.6. That's a decline of 108.01 points or
41.61% below the Lake Havasu City Home Price Index all time high. The Home
Price Index indicates that the Lake Havasu City Market is up 13% over the last
10 years. Home prices in the Lake Havasu City Real Estate Market have gained
3.82% over the last 12 months.
The 4th Quarter index value was 4.60 points higher than the 3rd Quarter, 2012
index value of 146.96, resulting in a 3.13% rise in the 4th Quarter for the Lake
Havasu City Market.
The Lake Havasu City 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 Lake Havasu City Real Estate
Market was 27% in the twelve months ended with the 3rd Quarter of 2004. The
worst annual home appreciation rate in the Lake Havasu City Market was -19%
in the twelve months ended with the 4th Quarter of 2008.
The highest home appreciation in the Lake Havasu City Real Estate Market
over a three year period was 82% in the three years ended with the 2nd
Quarter of 2006. The worst home appreciation over a three year period in the
Lake Havasu City Market was -40% in the three years ended with the 2nd
Quarter of 2010.
This page provides a long term graph of the Lake Havasu City Home Price
Index (above). For information about Arizona home values, look at the links
under that chart. One link opens a forecast for home appreciation rates in the
state of Arizona. Another link opens the home price index chart for Arizona. 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 Lake
Havasu City Home Prices will be at your fingertips when you need them.
Historical data on the Lake Havasu City Home Price Index is available back to
the 4th Quarter, of 1986. All calculations are based on the quarterly value of
the House Price Index for the Lake Havasu City 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 Lake Havasu City 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: Lake Havasu City, Arizona
The appreciation of Lake Havasu City 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 Lake Havasu City-Kingman, AZ, hereinafter referred to as
"Lake Havasu City".
Last Quarter:
During the 4th Quarter of 2012, Lake Havasu City Home Prices had a rank of
14, with appreciation of 3.13%. 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, Lake Havasu City Home Prices had a rank of 28,
with appreciation during the year of 3.82%. 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, Lake Havasu City Home
Prices ranked 346, with a total appreciation of -35.6%. 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, Lake Havasu City Home
Prices had a rank of 242, with appreciation during the decade of 13%. 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, Lake Havasu City Home
Prices had a rank of 341, with total appreciation over the 20 year period of
42%. 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 Lake Havasu City Real
Estate Market is available back to the 4th Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Lake Havasu City.
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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