| Palm Bay, FL - House Price Index (HPI) - 28 Year Chart |
| Palm Bay Real Estate Market Forecast |
| 100 |
| 1000 |
The House Price Index (HPI) shows changes in Palm Bay-Melbourne-Titusville, 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.
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.
| Palm Bay Real Estate Index: 28 Year Chart Home Values Appreciation Rate - US Cities |
| 10 |
Palm Bay 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 13367
4th Quarter, 2012 Housing Statistics: Palm Bay, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 66%
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 Palm Bay housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Palm Bay is 66%. In other words, when tested against historical
data, the forecasting methodology was correct 66% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Palm Bay is 66% 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 Palm Bay
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 69%
The forecast for the trend in the Palm Bay housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Palm Bay is 69%. In other words, when tested against historical data, the
forecasting methodology was correct 69% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Palm Bay is 69% 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 Palm Bay
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Palm Bay, Florida
Historical Home Price Appreciation
Last Quarter 1.76%
Last Year 2.4%
Last 5 Years -39%
Last 10 Years 1%
Last 20 Years 42%
Decline From All Time High 47.99%
Annual Home Price Appreciation Rates
1983 1.17%
1984 15.84%
1985 -5.11%
1986 3.89%
1987 -3.42%
1988 7.15%
1989 3.23%
1990 0.98%
1991 3.35%
1992 2.99%
1993 2.87%
1994 -5.36%
1995 5.54%
1996 -2.51%
1997 3.48%
1998 3.76%
1999 1.09%
2000 6.15%
2001 10.20%
2002 10.60%
2003 14.15%
2004 28.06%
2005 29.91%
2006 0.44%
2007 -13.72%
2008 -22.40%
2009 -12.73%
2010 -4.88%
2011 -7.15%
2012 2.40%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.76% Rank: 63 of 381 (83rd Percentile)
Last Year . . . . . . . . . . . . . . . . 2.4% Rank: 64 of 381 (83rd Percentile)
Last 5 Years -39% Rank: 357 of 381 (6th Percentile)
Last 10 Years . . . . . . . . . . . . 1% Rank: 325 of 381 (14th Percentile)
Last 20 Years 42% Rank: 344 of 368 (6th Percentile)
Decline From All Time High 47.99%
Home Price appreciation rates for Palm Bay-Melbourne-Titusville, FL are shown
above for five time periods. For example: Palm Bay appreciated 1.76% in the
Last Quarter. At that rate, the Palm Bay Real Estate Market was ranked 63rd
out of 381 metropolitan areas for Real Estate Appreciation. Palm Bay was in the
83rd percentile. So Palm Bay, FL performed better in the Last Quarter than
83% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Palm Bay, Florida
The data and analysis on this page pertains to Palm Bay-Melbourne-Titusville,
FL, hereinafter referred to as "Palm Bay". The all time high in the Palm Bay
Home Price Index was 278.5 in the 1st Quarter, of 2006. The 4th Quarter, 2012
index value was 144.8. That's a decline of 133.65 points or 47.99% below the
Palm Bay Home Price Index all time high. The Home Price Index indicates that
the Palm Bay Market is up 1% over the last 10 years. Home prices in the Palm
Bay Real Estate Market have gained 2.40% over the last 12 months. Over the
last thirty years, it is up 88%.
The 4th Quarter index value was 2.51 points higher than the 3rd Quarter, 2012
index value of 142.31, resulting in a 1.76% rise in the 4th Quarter for the Palm
Bay Market.
The Palm Bay 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 Palm Bay Real Estate Market
was 33% in the twelve months ended with the 2nd Quarter of 2005. The worst
annual home appreciation rate in the Palm Bay Market was -22% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Palm Bay Real Estate Market over a
three year period was 90% in the three years ended with the 4th Quarter of
2005. The worst home appreciation over a three year period in the Palm Bay
Market was -42% in the three years ended with the 4th Quarter of 2009.
This page provides a long term graph of the Palm Bay 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 Palm
Bay Home Prices will be at your fingertips when you need them.
Historical data on the Palm Bay Home Price Index is available back to the 3rd
Quarter, of 1980. All calculations are based on the quarterly value of the House
Price Index for the Palm Bay 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 Palm Bay 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: Palm Bay, Florida
The appreciation of Palm Bay 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 Palm Bay-Melbourne-Titusville, FL, hereinafter referred to as "Palm Bay".
Last Quarter:
During the 4th Quarter of 2012, Palm Bay Home Prices had a rank of 63, with
appreciation of 1.76%. 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, Palm Bay Home Prices had a rank of 64, with
appreciation during the year of 2.40%. 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, Palm Bay Home Prices
ranked 357, with a total appreciation of -38.8%. 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, Palm Bay Home Prices
had a rank of 325, with appreciation during the decade of 1%. 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, Palm Bay Home Prices
had a rank of 344, 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 Palm Bay Real Estate
Market is available back to the 3rd Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Palm Bay. 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: Palm Bay, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 66%
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 Palm Bay housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Palm Bay is 66%. In other words, when tested against historical
data, the forecasting methodology was correct 66% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Palm Bay is 66% 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 Palm Bay
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 69%
The forecast for the trend in the Palm Bay housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Palm Bay is 69%. In other words, when tested against historical data, the
forecasting methodology was correct 69% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Palm Bay is 69% 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 Palm Bay
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Palm Bay, Florida
Historical Home Price Appreciation
Last Quarter 1.76%
Last Year 2.4%
Last 5 Years -39%
Last 10 Years 1%
Last 20 Years 42%
Decline From All Time High 47.99%
Annual Home Price Appreciation Rates
1983 1.17%
1984 15.84%
1985 -5.11%
1986 3.89%
1987 -3.42%
1988 7.15%
1989 3.23%
1990 0.98%
1991 3.35%
1992 2.99%
1993 2.87%
1994 -5.36%
1995 5.54%
1996 -2.51%
1997 3.48%
1998 3.76%
1999 1.09%
2000 6.15%
2001 10.20%
2002 10.60%
2003 14.15%
2004 28.06%
2005 29.91%
2006 0.44%
2007 -13.72%
2008 -22.40%
2009 -12.73%
2010 -4.88%
2011 -7.15%
2012 2.40%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.76% Rank: 63 of 381 (83rd Percentile)
Last Year . . . . . . . . . . . . . . . . 2.4% Rank: 64 of 381 (83rd Percentile)
Last 5 Years -39% Rank: 357 of 381 (6th Percentile)
Last 10 Years . . . . . . . . . . . . 1% Rank: 325 of 381 (14th Percentile)
Last 20 Years 42% Rank: 344 of 368 (6th Percentile)
Decline From All Time High 47.99%
Home Price appreciation rates for Palm Bay-Melbourne-Titusville, FL are shown
above for five time periods. For example: Palm Bay appreciated 1.76% in the
Last Quarter. At that rate, the Palm Bay Real Estate Market was ranked 63rd
out of 381 metropolitan areas for Real Estate Appreciation. Palm Bay was in the
83rd percentile. So Palm Bay, FL performed better in the Last Quarter than
83% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Palm Bay, Florida
The data and analysis on this page pertains to Palm Bay-Melbourne-Titusville,
FL, hereinafter referred to as "Palm Bay". The all time high in the Palm Bay
Home Price Index was 278.5 in the 1st Quarter, of 2006. The 4th Quarter, 2012
index value was 144.8. That's a decline of 133.65 points or 47.99% below the
Palm Bay Home Price Index all time high. The Home Price Index indicates that
the Palm Bay Market is up 1% over the last 10 years. Home prices in the Palm
Bay Real Estate Market have gained 2.40% over the last 12 months. Over the
last thirty years, it is up 88%.
The 4th Quarter index value was 2.51 points higher than the 3rd Quarter, 2012
index value of 142.31, resulting in a 1.76% rise in the 4th Quarter for the Palm
Bay Market.
The Palm Bay 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 Palm Bay Real Estate Market
was 33% in the twelve months ended with the 2nd Quarter of 2005. The worst
annual home appreciation rate in the Palm Bay Market was -22% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Palm Bay Real Estate Market over a
three year period was 90% in the three years ended with the 4th Quarter of
2005. The worst home appreciation over a three year period in the Palm Bay
Market was -42% in the three years ended with the 4th Quarter of 2009.
This page provides a long term graph of the Palm Bay 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 Palm
Bay Home Prices will be at your fingertips when you need them.
Historical data on the Palm Bay Home Price Index is available back to the 3rd
Quarter, of 1980. All calculations are based on the quarterly value of the House
Price Index for the Palm Bay 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 Palm Bay 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: Palm Bay, Florida
The appreciation of Palm Bay 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 Palm Bay-Melbourne-Titusville, FL, hereinafter referred to as "Palm Bay".
Last Quarter:
During the 4th Quarter of 2012, Palm Bay Home Prices had a rank of 63, with
appreciation of 1.76%. 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, Palm Bay Home Prices had a rank of 64, with
appreciation during the year of 2.40%. 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, Palm Bay Home Prices
ranked 357, with a total appreciation of -38.8%. 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, Palm Bay Home Prices
had a rank of 325, with appreciation during the decade of 1%. 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, Palm Bay Home Prices
had a rank of 344, 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 Palm Bay Real Estate
Market is available back to the 3rd Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Palm Bay. 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
| Forecasts, charts and analysis... |
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