| West Palm Beach, FL - House Price Index (HPI) - 30 Year Chart |
| West Palm Beach Real Estate Market Forecast |
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The House Price Index (HPI) shows changes in West Palm Beach-Boca Raton-Boynton Beach, FL
single family home prices in logarithmic scale. The March, 1995 index value equals 100. Updated
December 31, 2012. See real estate forecasts, analysis, statistics and appreciation rates below.
single family home prices in logarithmic scale. The March, 1995 index value equals 100. Updated
December 31, 2012. See real estate forecasts, analysis, statistics and appreciation rates below.
| West Palm Beach RE Index: 30 Year Chart Home Values Appreciation Rate - US Cities |
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West Palm 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 13474
4th Quarter, 2012 Housing Statistics: West Palm Beach, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 80%
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 West Palm Beach housing market for
the 12 months ending with the 4th Quarter of 2013 is UP. The Accuracy of the
Trend Forecast for West Palm Beach is 80%. In other words, when tested
against historical data, the forecasting methodology was correct 80% of the
time. Accordingly, Forecast-Chart.com estimates that the probability for rising
house prices in West Palm Beach is 80% 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 West Palm Beach Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 86%
The forecast for the trend in the West Palm Beach housing market for the 3
years ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend
Forecast for West Palm Beach 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 West Palm Beach 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 West Palm Beach Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: West Palm Beach, Florida
Historical Home Price Appreciation
Last Quarter -0.38%
Last Year 1.2%
Last 5 Years -38%
Last 10 Years 4%
Last 20 Years 69%
Decline From All Time High 46.57%
Annual Home Price Appreciation Rates
1983 2.21%
1984 0.79%
1985 0.34%
1986 4.37%
1987 5.24%
1988 6.75%
1989 4.19%
1990 -1.23%
1991 1.62%
1992 0.99%
1993 0.69%
1994 -0.51%
1995 3.13%
1996 0.90%
1997 3.44%
1998 4.74%
1999 4.63%
2000 8.96%
2001 10.95%
2002 13.26%
2003 15.45%
2004 24.74%
2005 27.53%
2006 5.32%
2007 -13.25%
2008 -23.25%
2009 -10.78%
2010 -2.55%
2011 -7.89%
2012 1.23%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.38% Rank: 314 of 381 (17th Percentile)
Last Year . . . . . . . . . . . . . . . . 1.2% Rank: 129 of 381 (66th Percentile)
Last 5 Years -38% Rank: 353 of 381 (7th Percentile)
Last 10 Years . . . . . . . . . . . . 4% Rank: 305 of 381 (20th Percentile)
Last 20 Years 69% Rank: 233 of 368 (36th Percentile)
Decline From All Time High 46.57%
Home Price appreciation rates for West Palm Beach-Boca Raton-Boynton
Beach, FL are shown above for five time periods. For example: West Palm
Beach appreciated -0.38% in the Last Quarter. At that rate, the West Palm
Beach Real Estate Market was ranked 314th out of 381 metropolitan areas for
Real Estate Appreciation. West Palm Beach was in the 17th percentile. So West
Palm Beach, FL performed better in the Last Quarter than 17% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: West Palm Beach, Florida
The data and analysis on this page pertains to West Palm Beach-Boca
Raton-Boynton Beach, FL, hereinafter referred to as "West Palm Beach". The
all time high in the West Palm Beach Home Price Index was 316.3 in the 2nd
Quarter, of 2006. The 4th Quarter, 2012 index value was 169.0. That's a
decline of 147.32 points or 46.57% below the West Palm Beach Home Price
Index all time high. The Home Price Index indicates that the West Palm Beach
Market is up 4% over the last 10 years. Home prices in the West Palm Beach
Real Estate Market have gained 1.23% over the last 12 months. Over the last
thirty years, it is up 116%.
The 4th Quarter index value was 0.64 points lower than the 3rd Quarter, 2012
index value of 169.65, resulting in a 0.38% decline for the 4th Quarter in the
West Palm Beach Market.
The West Palm Beach Home Price Index declined in the last quarter after
increasing in the previous 2 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 current record holder for consecutive increases in
the Home Price Index is Bismarck, ND, with increases in the last 11 consecutive
quarters.
The highest annual home appreciation rate in the West Palm Beach Real
Estate Market was 30% in the twelve months ended with the 2nd Quarter of
2005. The worst annual home appreciation rate in the West Palm Beach Market
was -24% in the twelve months ended with the 3rd Quarter of 2008.
The highest home appreciation in the West Palm Beach Real Estate Market
over a three year period was 87% in the three years ended with the 1st Quarter
of 2006. The worst home appreciation over a three year period in the West
Palm Beach Market was -41% in the three years ended with the 4th Quarter of
2009.
This page provides a long term graph of the West Palm 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 West
Palm Beach Home Prices will be at your fingertips when you need them.
Historical data on the West Palm Beach Home Price Index is available back to
the 2nd Quarter, of 1978. All calculations are based on the quarterly value of
the House Price Index for the West Palm 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 West Palm 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: West Palm Beach, Florida
The appreciation of West Palm 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 West Palm Beach-Boca Raton-Boynton Beach, FL, hereinafter
referred to as "West Palm Beach".
Last Quarter:
During the 4th Quarter of 2012, West Palm Beach Home Prices had a rank of
314, with appreciation of -0.38%. 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, West Palm Beach Home Prices had a rank of 129,
with appreciation during the year of 1.23%. 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, West Palm Beach Home
Prices ranked 353, with a total appreciation of -37.8%. 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, West Palm Beach Home
Prices had a rank of 305, 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, West Palm Beach Home
Prices had a rank of 233, with total appreciation over the 20 year period of
69%. 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 West Palm Beach Real
Estate Market is available back to the 2nd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for West Palm 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.)
_____________________________________________________________
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: West Palm Beach, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 80%
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 West Palm Beach housing market for
the 12 months ending with the 4th Quarter of 2013 is UP. The Accuracy of the
Trend Forecast for West Palm Beach is 80%. In other words, when tested
against historical data, the forecasting methodology was correct 80% of the
time. Accordingly, Forecast-Chart.com estimates that the probability for rising
house prices in West Palm Beach is 80% 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 West Palm Beach Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 86%
The forecast for the trend in the West Palm Beach housing market for the 3
years ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend
Forecast for West Palm Beach 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 West Palm Beach 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 West Palm Beach Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: West Palm Beach, Florida
Historical Home Price Appreciation
Last Quarter -0.38%
Last Year 1.2%
Last 5 Years -38%
Last 10 Years 4%
Last 20 Years 69%
Decline From All Time High 46.57%
Annual Home Price Appreciation Rates
1983 2.21%
1984 0.79%
1985 0.34%
1986 4.37%
1987 5.24%
1988 6.75%
1989 4.19%
1990 -1.23%
1991 1.62%
1992 0.99%
1993 0.69%
1994 -0.51%
1995 3.13%
1996 0.90%
1997 3.44%
1998 4.74%
1999 4.63%
2000 8.96%
2001 10.95%
2002 13.26%
2003 15.45%
2004 24.74%
2005 27.53%
2006 5.32%
2007 -13.25%
2008 -23.25%
2009 -10.78%
2010 -2.55%
2011 -7.89%
2012 1.23%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.38% Rank: 314 of 381 (17th Percentile)
Last Year . . . . . . . . . . . . . . . . 1.2% Rank: 129 of 381 (66th Percentile)
Last 5 Years -38% Rank: 353 of 381 (7th Percentile)
Last 10 Years . . . . . . . . . . . . 4% Rank: 305 of 381 (20th Percentile)
Last 20 Years 69% Rank: 233 of 368 (36th Percentile)
Decline From All Time High 46.57%
Home Price appreciation rates for West Palm Beach-Boca Raton-Boynton
Beach, FL are shown above for five time periods. For example: West Palm
Beach appreciated -0.38% in the Last Quarter. At that rate, the West Palm
Beach Real Estate Market was ranked 314th out of 381 metropolitan areas for
Real Estate Appreciation. West Palm Beach was in the 17th percentile. So West
Palm Beach, FL performed better in the Last Quarter than 17% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: West Palm Beach, Florida
The data and analysis on this page pertains to West Palm Beach-Boca
Raton-Boynton Beach, FL, hereinafter referred to as "West Palm Beach". The
all time high in the West Palm Beach Home Price Index was 316.3 in the 2nd
Quarter, of 2006. The 4th Quarter, 2012 index value was 169.0. That's a
decline of 147.32 points or 46.57% below the West Palm Beach Home Price
Index all time high. The Home Price Index indicates that the West Palm Beach
Market is up 4% over the last 10 years. Home prices in the West Palm Beach
Real Estate Market have gained 1.23% over the last 12 months. Over the last
thirty years, it is up 116%.
The 4th Quarter index value was 0.64 points lower than the 3rd Quarter, 2012
index value of 169.65, resulting in a 0.38% decline for the 4th Quarter in the
West Palm Beach Market.
The West Palm Beach Home Price Index declined in the last quarter after
increasing in the previous 2 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 current record holder for consecutive increases in
the Home Price Index is Bismarck, ND, with increases in the last 11 consecutive
quarters.
The highest annual home appreciation rate in the West Palm Beach Real
Estate Market was 30% in the twelve months ended with the 2nd Quarter of
2005. The worst annual home appreciation rate in the West Palm Beach Market
was -24% in the twelve months ended with the 3rd Quarter of 2008.
The highest home appreciation in the West Palm Beach Real Estate Market
over a three year period was 87% in the three years ended with the 1st Quarter
of 2006. The worst home appreciation over a three year period in the West
Palm Beach Market was -41% in the three years ended with the 4th Quarter of
2009.
This page provides a long term graph of the West Palm 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 West
Palm Beach Home Prices will be at your fingertips when you need them.
Historical data on the West Palm Beach Home Price Index is available back to
the 2nd Quarter, of 1978. All calculations are based on the quarterly value of
the House Price Index for the West Palm 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 West Palm 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: West Palm Beach, Florida
The appreciation of West Palm 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 West Palm Beach-Boca Raton-Boynton Beach, FL, hereinafter
referred to as "West Palm Beach".
Last Quarter:
During the 4th Quarter of 2012, West Palm Beach Home Prices had a rank of
314, with appreciation of -0.38%. 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, West Palm Beach Home Prices had a rank of 129,
with appreciation during the year of 1.23%. 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, West Palm Beach Home
Prices ranked 353, with a total appreciation of -37.8%. 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, West Palm Beach Home
Prices had a rank of 305, 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, West Palm Beach Home
Prices had a rank of 233, with total appreciation over the 20 year period of
69%. 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 West Palm Beach Real
Estate Market is available back to the 2nd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for West Palm 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.)
_____________________________________________________________
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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