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Blacksburg, VA - House Price Index (HPI) - 21 Year Chart
Blacksburg Real Estate Market
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The House Price Index (HPI) shows changes in Blacksburg-Christiansburg-Radford, VA single family
home prices in logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, April
17, 2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Blacksburg Real Estate Index: 21 Year Chart
Home Values Appreciation Rate - US Cities
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Blacksburg Real Estate Market: Trend, Analysis & Statistics
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Commentary  10098
4th Quarter, 2011 Housing Statistics: Blacksburg, Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      88%

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 Blacksburg housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Blacksburg is 88%. In other words, when tested against
historical data, the forecasting methodology was correct 88% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Blacksburg is 88% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Blacksburg Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      87%

The forecast for the trend in the Blacksburg housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Blacksburg is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Blacksburg is 87% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Blacksburg
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Blacksburg, Virginia


Historical Home Price Appreciation
Last Quarter                                     -0.28%
Last Year . . . . . . . . . . . . . . . . . . . .  -4.7%
Last 5 Years                                     -5%
Last 10 Years . . . . . . . . . . . . . . . . . 36%
Last 20 Years                                   115%
Decline From All Time High               8.36%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      2.51%
1989      2.40%
1990      -0.23%
1991      3.88%
1992      5.07%
1993      2.89%
1994      3.95%
1995      3.02%
1996      5.13%
1997      5.24%
1998      4.82%
1999      4.47%
2000      6.81%
2001      5.19%
2002      5.70%
2003      5.16%
2004      7.23%
2005      12.32%
2006      7.04%
2007      2.64%
2008      0.28%
2009      -1.88%
2010      -1.10%
2011      -4.70%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.28%        Rank: 275 of 381 (27th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.7%          Rank: 290 of 381 (23rd Percentile)
Last 5 Years                              -5%             Rank: 170 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   36%            Rank: 95 of 381 (75th Percentile)
Last 20 Years                            115%          Rank: 64 of 355 (82nd Percentile)
Decline From All Time High        8.36%

Home Price appreciation rates for Blacksburg-Christiansburg-Radford, VA are
shown above for five time periods. For example: Blacksburg appreciated
-0.28% in the Last Quarter. At that rate, the Blacksburg Real Estate Market was
ranked 275th out of 381 metropolitan areas for Real Estate Appreciation.
Blacksburg was in the 27th percentile. So Blacksburg, VA performed better in
the Last Quarter than 27% of the 381 metropolitan areas covered in
Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Blacksburg, Virginia

The data and analysis on this page pertains to
Blacksburg-Christiansburg-Radford, VA, hereinafter referred to as
"Blacksburg". The all time high in the Blacksburg Home Price Index was 203.0 in
the 1st Quarter, of 2009. The 4th Quarter, 2011 index value was 186.0. That's
a decline of 16.98 points or 8.36% below the Blacksburg Home Price Index all
time high.  The Home Price Index indicates that the Blacksburg Market is up
36% over the last 10 years. Home Prices in the Blacksburg Real Estate Market
have lost 4.70% over the last 12 months.

The 4th Quarter index value was 0.53 points lower than the 3rd Quarter, 2011
index value of 186.56, resulting in a 0.28% decline for the 4th Quarter in the
Blacksburg Market.

The Blacksburg Home Price Index has declined for the last 4 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 20 consecutive quarters. The
current record holders for consecutive increases in the Home Price Index are
Wheeling, WV; Washington, DC; St. Cloud, MN and Grand Forks, ND, with
increases in the last 4 consecutive quarters.

The highest annual home appreciation rate in the Blacksburg Real Estate
Market was 12% in the twelve months ended with the 4th Quarter of 2005. The
worst annual home appreciation rate in the Blacksburg Market was -7% in the
twelve months ended with the 2nd Quarter of 2010.

The highest home appreciation in the Blacksburg Real Estate Market over a
three year period was 30% in the three years ended with the 3rd Quarter of
2006. The worst home appreciation over a three year period in the Blacksburg
Market was -8% in the three years ended with the 4th Quarter of 2011.

This page provides a long term graph of the Blacksburg Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Blacksburg Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Blacksburg Real Estate Market. Another opens a forecast for
appreciation rates in the state of Virginia. 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 Blacksburg Home
Prices will be at your fingertips when you need them.

Historical data on the Blacksburg Home Price Index is available back to the 3rd
Quarter, of 1987. All calculations are based on the quarterly value of the House
Price Index for the Blacksburg 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 Blacksburg 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, 2011 Housing Data: Blacksburg, Virginia

The appreciation of Blacksburg 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 Blacksburg-Christiansburg-Radford, VA, hereinafter referred to as
"Blacksburg".

Last Quarter:
During the 4th Quarter of 2011, Blacksburg Home Prices had a rank of 275,
with appreciation of -0.28%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Blacksburg Home Prices had a rank of 290, with
appreciation during the year of -4.70%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Blacksburg Home Prices
ranked 170, with a total appreciation of -4.8%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Blacksburg Home Prices
had a rank of 95, with appreciation during the decade of 36%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Blacksburg Home Prices
had a rank of 64, with total appreciation over the 20 year period of 115%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

Historical research data on the Home Price Index for the Blacksburg Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Blacksburg. 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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