| Modesto, CA - House Price Index (HPI) - 31 Year Chart |
| Modesto Real Estate Market Forecast |
| 100 |
| 1000 |
The House Price Index (HPI) shows changes in Modesto, CA 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.
| Modesto Real Estate Index: 31 Year Chart Home Values Appreciation Rate - US Cities |
| 10 |
Current Analysis: Modesto Home Price Index
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13335
4th Quarter, 2012 Housing Statistics: Modesto, California
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 79%
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 Modesto housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Modesto 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 rising house prices in
Modesto is 79% 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 Modesto
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 74%
The forecast for the trend in the Modesto housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Modesto is 74%. In other words, when tested against historical data, the
forecasting methodology was correct 74% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Modesto is 74% 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 Modesto
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Modesto, California
Historical Home Price Appreciation
Last Quarter 0.50%
Last Year 5.4%
Last 5 Years -47%
Last 10 Years -24%
Last 20 Years 17%
Decline From All Time High 58.21%
Annual Home Price Appreciation Rates
1983 -10.13%
1984 1.64%
1985 5.17%
1986 7.94%
1987 8.04%
1988 11.78%
1989 23.66%
1990 8.27%
1991 -1.88%
1992 -1.35%
1993 -1.76%
1994 -7.43%
1995 1.63%
1996 -1.17%
1997 1.37%
1998 5.52%
1999 3.72%
2000 14.25%
2001 17.70%
2002 12.79%
2003 14.61%
2004 23.42%
2005 26.56%
2006 -0.71%
2007 -19.05%
2008 -36.24%
2009 -9.07%
2010 -5.92%
2011 -7.69%
2012 5.39%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.50% Rank: 186 of 381 (51st Percentile)
Last Year . . . . . . . . . . . . . . . . 5.4% Rank: 14 of 381 (96th Percentile)
Last 5 Years -47% Rank: 379 of 381 (Bottom .50%)
Last 10 Years . . . . . . . . . . . . -24% Rank: 377 of 381 (1st Percentile)
Last 20 Years 17% Rank: 366 of 368 (Bottom .50%)
Decline From All Time High 58.21%
Home Price appreciation rates for Modesto, CA are shown above for five time
periods. For example: Modesto appreciated 0.50% in the Last Quarter. At that
rate, the Modesto Real Estate Market was ranked 186th out of 381 metropolitan
areas for Real Estate Appreciation. Modesto was in the 51st percentile. So
Modesto, CA performed better in the Last Quarter than 51% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Modesto, California
The all time high in the Modesto Home Price Index was 309.5 in the 1st Quarter,
of 2006. The 4th Quarter, 2012 index value was 129.3. That's a decline of
180.19 points or 58.21% below the Modesto Home Price Index all time high.
The Home Price Index indicates that the Modesto Market is down 24% over the
last 10 years. Home prices in the Modesto Real Estate Market have gained
5.39% over the last 12 months. Over the last thirty years, it is up 90%.
The 4th Quarter index value was 0.64 points higher than the 3rd Quarter, 2012
index value of 128.70, resulting in a 0.50% rise in the 4th Quarter for the
Modesto Market.
The Modesto 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 Modesto Real Estate Market
was 30% in the twelve months ended with the 2nd Quarter of 2005. The worst
annual home appreciation rate in the Modesto Market was -37% in the twelve
months ended with the 3rd Quarter of 2008.
The highest home appreciation in the Modesto Real Estate Market over a three
year period was 79% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Modesto Market
was -54% in the three years ended with the 3rd Quarter of 2009.
This page provides a long term graph of the Modesto Home Price Index
(above). For information about California home values, look at the links under
that chart. One link opens a forecast for home appreciation rates in the state of
California. Another link opens the home price index chart for California. 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
Modesto Home Prices will be at your fingertips when you need them.
Historical data on the Modesto Home Price Index is available back to the 2nd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Modesto 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 Modesto 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.
_____________________________________________________________
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: Modesto, California
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 79%
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 Modesto housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Modesto 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 rising house prices in
Modesto is 79% 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 Modesto
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 74%
The forecast for the trend in the Modesto housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Modesto is 74%. In other words, when tested against historical data, the
forecasting methodology was correct 74% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Modesto is 74% 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 Modesto
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Modesto, California
Historical Home Price Appreciation
Last Quarter 0.50%
Last Year 5.4%
Last 5 Years -47%
Last 10 Years -24%
Last 20 Years 17%
Decline From All Time High 58.21%
Annual Home Price Appreciation Rates
1983 -10.13%
1984 1.64%
1985 5.17%
1986 7.94%
1987 8.04%
1988 11.78%
1989 23.66%
1990 8.27%
1991 -1.88%
1992 -1.35%
1993 -1.76%
1994 -7.43%
1995 1.63%
1996 -1.17%
1997 1.37%
1998 5.52%
1999 3.72%
2000 14.25%
2001 17.70%
2002 12.79%
2003 14.61%
2004 23.42%
2005 26.56%
2006 -0.71%
2007 -19.05%
2008 -36.24%
2009 -9.07%
2010 -5.92%
2011 -7.69%
2012 5.39%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.50% Rank: 186 of 381 (51st Percentile)
Last Year . . . . . . . . . . . . . . . . 5.4% Rank: 14 of 381 (96th Percentile)
Last 5 Years -47% Rank: 379 of 381 (Bottom .50%)
Last 10 Years . . . . . . . . . . . . -24% Rank: 377 of 381 (1st Percentile)
Last 20 Years 17% Rank: 366 of 368 (Bottom .50%)
Decline From All Time High 58.21%
Home Price appreciation rates for Modesto, CA are shown above for five time
periods. For example: Modesto appreciated 0.50% in the Last Quarter. At that
rate, the Modesto Real Estate Market was ranked 186th out of 381 metropolitan
areas for Real Estate Appreciation. Modesto was in the 51st percentile. So
Modesto, CA performed better in the Last Quarter than 51% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Modesto, California
The all time high in the Modesto Home Price Index was 309.5 in the 1st Quarter,
of 2006. The 4th Quarter, 2012 index value was 129.3. That's a decline of
180.19 points or 58.21% below the Modesto Home Price Index all time high.
The Home Price Index indicates that the Modesto Market is down 24% over the
last 10 years. Home prices in the Modesto Real Estate Market have gained
5.39% over the last 12 months. Over the last thirty years, it is up 90%.
The 4th Quarter index value was 0.64 points higher than the 3rd Quarter, 2012
index value of 128.70, resulting in a 0.50% rise in the 4th Quarter for the
Modesto Market.
The Modesto 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 Modesto Real Estate Market
was 30% in the twelve months ended with the 2nd Quarter of 2005. The worst
annual home appreciation rate in the Modesto Market was -37% in the twelve
months ended with the 3rd Quarter of 2008.
The highest home appreciation in the Modesto Real Estate Market over a three
year period was 79% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Modesto Market
was -54% in the three years ended with the 3rd Quarter of 2009.
This page provides a long term graph of the Modesto Home Price Index
(above). For information about California home values, look at the links under
that chart. One link opens a forecast for home appreciation rates in the state of
California. Another link opens the home price index chart for California. 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
Modesto Home Prices will be at your fingertips when you need them.
Historical data on the Modesto Home Price Index is available back to the 2nd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Modesto 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 Modesto 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.
_____________________________________________________________
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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