| __________________________________________ |
| Charlottesville, VA - House Price Index (HPI) - 23 Year Chart |
| Charlottesville Real Estate Market |
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1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
The House Price Index (HPI) shows changes in Charlottesville, VA single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Tuesday, March 16, 2010. Click
a link below for the Virginia Real Estate Forecast or the Charlottesville Home Appreciation Rate.
logarithmic scale. The March, 1995 index value equals 100. Updated Tuesday, March 16, 2010. Click
a link below for the Virginia Real Estate Forecast or the Charlottesville Home Appreciation Rate.
| Charlottesville Real Estate Index: 23 Year Chart Charlottesville Home Prices: Appreciation Rates Home Values Appreciation Rate - US Cities |
| Virginia Real Estate Forecast Virginia House Price Index: 33 Year Chart VA Home Price Appreciation Rate: 33 Yr. Graph |
| 10 |
Charlottesville Real Estate Market: Trend, Analysis & Statistics
Commentary 3266
Part 1: MARKET SUMMARY
4th Quarter, 2009 Data: Charlottesville, Virginia
Historical Home Price Appreciation
Last Quarter -2.52%
Last Year -5.2%
Last 5 Years 20%
Last 10 Years 90%
Last 20 Years 151%
Decline From All Time High 9.43%
Annual Home Price Appreciation Rates
1980 n/a
1981 n/a
1982 n/a
1983 n/a
1984 13.02%
1985 5.84%
1986 3.98%
1987 6.32%
1988 12.03%
1989 9.29%
1990 0.45%
1991 6.50%
1992 1.84%
1993 1.64%
1994 1.31%
1995 3.21%
1996 0.73%
1997 4.12%
1998 2.69%
1999 6.28%
2000 7.69%
2001 7.33%
2002 8.59%
2003 10.98%
2004 13.17%
2005 18.90%
2006 7.20%
2007 4.13%
2008 -4.43%
2009 -5.23%
Part 2: MARKET HIGHLIGHTS
4th Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 246.9 in the 4th
Quarter, of 2007. The 4th Quarter, 2009 index value was 223.6. That's a
decline of 23.28 points or 9.43% below the Charlottesville Home Price Index all
time high. The Home Price Index indicates that the Charlottesville Market is up
90% over the last 10 years. Home Prices in the Charlottesville Real Estate
Market have lost 5.23% over the last 12 months.
The 4th Quarter index value was 5.79 points lower than the 3rd Quarter, 2009
index value of 229.40, resulting in a 2.52% decline for the 4th Quarter in the
Charlottesville Market.
The Charlottesville Home Price Index has declined for the last 4 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are San Luis Obispo, CA and Reno, NV, with declines in the last 15
consecutive quarters. The current record holders for consecutive increases in
the Home Price Index are Tulsa, OK; Syracuse, NY; Springfield, IL and
Goldsboro, NC, with increases in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Charlottesville Real Estate
Market was 20% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Charlottesville Market was -5% in
the twelve months ended with the 4th Quarter of 2009.
The highest home appreciation in the Charlottesville Real Estate Market over a
three year period was 50% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the
Charlottesville Market was -6% in the three years ended with the 4th Quarter of
2009.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 4th Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
Charlottesville Real Estate Market. Another opens a forecast for appreciation
rates in the state of Virginia. Just one glance at our long term charts can
provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then ForecastChart.com's detailed statistics
about Charlottesville Home Prices will be at your fingertips when you need them.
Historical data on the Charlottesville Home Price Index is available back to the
3rd Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for the Charlottesville 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the Charlottesville 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 3: APPRECIATION RATES & RANKINGS
4th Quarter, 2009 Data: Charlottesville, Virginia
The appreciation of Charlottesville 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.
Last Quarter:
During the 4th Quarter of 2009, Charlottesville Home Prices had a rank of 323,
with appreciation of -2.52%. The top performing real estate market during the
4th Quarter was Laredo, TX, with appreciation of 7.71%. The worst market
during that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, Charlottesville Home Prices had a rank of 258, with
appreciation during the year of -5.23%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, Charlottesville Home
Prices ranked 88, with a total appreciation of 20.2%. The top performing real
estate market during the 5 year period was Odessa, TX, with appreciation of
65%. The worst market during that period was Merced, CA, with appreciation of
-46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, Charlottesville Home
Prices had a rank of 19, with appreciation during the decade of 90%. The top
performing market during the period was Ocean City, NJ, with appreciation of
123%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, Charlottesville Home
Prices had a rank of 48, with total appreciation over the 20 year period of
151%. The top performing real estate market during the period was Casper,
WY, with appreciation of 269%. The worst market during the last 20 years was
Stockton, CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the Charlottesville Real Estate
Market is available back to the 3rd Quarter, of 1985. The chart has been
updated through the 4th Quarter of 2009. All calculations are based on the
quarterly value of the House Price Index for Charlottesville. 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.)
Commentary 2504
Part 1: MARKET HIGHLIGHTS
3rd Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 248.5 in the 4th
Quarter, of 2007. The 3rd Quarter, 2009 index value was 230.7. That's a
decline of 17.78 points or 7.16% below the Charlottesville Home Price Index all
time high. The Home Price Index indicates that the Charlottesville Market is up
99% over the last 10 years. Home Prices in the Charlottesville Real Estate
Market have lost 3.13% over the last 12 months.
The 3rd Quarter index value was 1.27 points lower than the 2nd Quarter, 2009
index value of 231.94, resulting in a 0.55% decline for the 3rd Quarter in the
Charlottesville Market.
The Charlottesville Home Price Index has declined for the last 3 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Santa Rosa, CA; San Luis Obispo, CA; San Diego, CA and Reno, NV,
with declines in the last 14 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is Lubbock, TX, with increases in
the last 8 consecutive quarters.
The highest annual home appreciation rate in the Charlottesville Real Estate
Market was 20% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Charlottesville Market was -4% in
the twelve months ended with the 4th Quarter of 2008.
The highest home appreciation in the Charlottesville Real Estate Market over a
three year period was 50% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the
Charlottesville Market was -2% in the three years ended with the 3rd Quarter of
2009.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 3rd Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
Charlottesville Real Estate Market. Another opens a forecast for appreciation
rates in the state of Virginia. Just one glance at our long term charts can
provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then ForecastChart.com's detailed statistics
about Charlottesville Home Prices will be at your fingertips when you need them.
Historical data on the Charlottesville Home Price Index is available back to the
3rd Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for the Charlottesville 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the Charlottesville 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 2: APPRECIATION RATES & RANKINGS
3rd Quarter, 2009 Data: Charlottesville, Virginia
The appreciation of Charlottesville 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.
Last Quarter:
During the 3rd Quarter of 2009, Charlottesville Home Prices had a rank of 90,
with appreciation of -0.55%. The top performing real estate market during the
3rd Quarter was Hinesville, GA, with appreciation of 7.17%. The worst market
during that period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all markets during the quarter was -1.74%.
Last Year:
During the last 12 months, Charlottesville Home Prices had a rank of 232, with
appreciation during the year of -3.13%. The top performing market during the
last year was Wichita Falls, TX, with appreciation of 6.0%. The worst real estate
market during that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all markets during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, Charlottesville Home
Prices ranked 72, with a total appreciation of 25.1%. The top performing real
estate market during the 5 year period was Midland, TX, with appreciation of
72%. The worst market during that period was Merced, CA, with appreciation of
-46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, Charlottesville Home
Prices had a rank of 12, with appreciation during the decade of 99%. The top
performing market during the period was Ocean City, NJ, with appreciation of
135%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -10%.
The median appreciation for all markets during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, Charlottesville Home
Prices had a rank of 39, with total appreciation over the 20 year period of
166%. The top performing real estate market during the period was Missoula,
MT, with appreciation of 290%. The worst market during the last 20 years was
Merced, CA, with appreciation of 39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the markets over that time frame was 116%.
Historical data on the Home Price Index for the Charlottesville Real Estate
Market is available back to the 3rd Quarter, of 1985. The chart has been
updated through the 3rd Quarter of 2009. All calculations are based on the
quarterly value of the House Price Index for Charlottesville. 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.)
Commentary 1361
2nd Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 248.6 in the 4th
Quarter, of 2007. The 2nd Quarter, 2009 index value was 231.3. That's a
decline of 17.27 points or 6.95% below the Charlottesville Home Price Index all
time high. The Charlottesville Home Price Index is up 103% over the last 10
years. This Charlottesville Real Estate Index has lost 3.58% over the last 12
months.
The 2nd Quarter index value was 6.08 points lower than the 1st Quarter, 2009
index value of 237.40, resulting in a 2.56% decline for the 2nd Quarter.
The Charlottesville Home Price Index has declined for the last 2 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Santa Rosa, CA; San Luis Obispo, CA; San Diego, CA and Reno, NV,
with declines in the last 13 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is College Station, TX, with
increases in the last 14 consecutive quarters.
The highest annual appreciation rate in Charlottesville Real Estate was 20% in
the twelve months ended with the 2nd Quarter of 2005. The worst annual
appreciation rate in Charlottesville was -4% in the twelve months ended with the
1st Quarter of 2009.
The highest appreciation in Charlottesville Real Estate over a three year period
was 50% in the three years ended with the 1st Quarter of 2006. The worst
appreciation over a three year period in Charlottesville was -1% in the three
years ended with the 2nd Quarter of 2009.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 2nd Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for
Charlottesville Real Estate. Another opens a forecast for appreciation rates in
the state of Virginia. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values. And
those pages contain more than just charts. You'll find a wealth of other helpful
statistics about Charlottesville Home Prices.
Historical data on the Charlottesville Home Price Index is available back to the
3rd Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for Charlottesville. 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.
Commentary 218
1st Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 250.4 in the 4th
Quarter, of 2007. The 1st Quarter, 2009 index value was 238.1. That's a
decline of 12.31 points or 4.92% below the Charlottesville Home Price Index all
time high. The Charlottesville Home Price Index is up 115% over the last 10
years. It has lost 4.19% over the last 12 months.
The 1st Quarter index value was 3.41 points lower than the 4th Quarter, 2008
index value of 241.49, resulting in a 1.41% decline for the 1st Quarter.
The Charlottesville Home Price Index declined in the last quarter after
increasing in the previous quarter. The current record holders for consecutive
declines in the Home Price Index are Santa Rosa, CA and Reno, NV, with
declines in the last 12 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is Houston, TX, with increases in
the last 51 consecutive quarters.
The highest annual appreciation rate in Charlottesville Real Estate was 20% in
the twelve months ended with the 2nd Quarter of 2005. The worst annual
appreciation rate in Charlottesville was -4% in the twelve months ended with the
1st Quarter of 2009.
The highest appreciation in Charlottesville Real Estate over a three year period
was 51% in the three years ended with the 1st Quarter of 2006. The worst
appreciation over a three year period in Charlottesville was 3% in the three
years ended with the 3rd Quarter of 1996.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 1st Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for
Charlottesville Real Estate. Another opens a forecast for appreciation rates in
the state of Virginia. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values. And
those pages contain more than just charts. You'll find a wealth of other helpful
statistics about Charlottesville Home Prices.
Historical data on the Charlottesville Home Price Index is available back to the
1st Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for Charlottesville. 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.
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Part 1: MARKET SUMMARY
4th Quarter, 2009 Data: Charlottesville, Virginia
Historical Home Price Appreciation
Last Quarter -2.52%
Last Year -5.2%
Last 5 Years 20%
Last 10 Years 90%
Last 20 Years 151%
Decline From All Time High 9.43%
Annual Home Price Appreciation Rates
1980 n/a
1981 n/a
1982 n/a
1983 n/a
1984 13.02%
1985 5.84%
1986 3.98%
1987 6.32%
1988 12.03%
1989 9.29%
1990 0.45%
1991 6.50%
1992 1.84%
1993 1.64%
1994 1.31%
1995 3.21%
1996 0.73%
1997 4.12%
1998 2.69%
1999 6.28%
2000 7.69%
2001 7.33%
2002 8.59%
2003 10.98%
2004 13.17%
2005 18.90%
2006 7.20%
2007 4.13%
2008 -4.43%
2009 -5.23%
Part 2: MARKET HIGHLIGHTS
4th Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 246.9 in the 4th
Quarter, of 2007. The 4th Quarter, 2009 index value was 223.6. That's a
decline of 23.28 points or 9.43% below the Charlottesville Home Price Index all
time high. The Home Price Index indicates that the Charlottesville Market is up
90% over the last 10 years. Home Prices in the Charlottesville Real Estate
Market have lost 5.23% over the last 12 months.
The 4th Quarter index value was 5.79 points lower than the 3rd Quarter, 2009
index value of 229.40, resulting in a 2.52% decline for the 4th Quarter in the
Charlottesville Market.
The Charlottesville Home Price Index has declined for the last 4 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are San Luis Obispo, CA and Reno, NV, with declines in the last 15
consecutive quarters. The current record holders for consecutive increases in
the Home Price Index are Tulsa, OK; Syracuse, NY; Springfield, IL and
Goldsboro, NC, with increases in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Charlottesville Real Estate
Market was 20% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Charlottesville Market was -5% in
the twelve months ended with the 4th Quarter of 2009.
The highest home appreciation in the Charlottesville Real Estate Market over a
three year period was 50% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the
Charlottesville Market was -6% in the three years ended with the 4th Quarter of
2009.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 4th Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
Charlottesville Real Estate Market. Another opens a forecast for appreciation
rates in the state of Virginia. Just one glance at our long term charts can
provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then ForecastChart.com's detailed statistics
about Charlottesville Home Prices will be at your fingertips when you need them.
Historical data on the Charlottesville Home Price Index is available back to the
3rd Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for the Charlottesville 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the Charlottesville 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 3: APPRECIATION RATES & RANKINGS
4th Quarter, 2009 Data: Charlottesville, Virginia
The appreciation of Charlottesville 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.
Last Quarter:
During the 4th Quarter of 2009, Charlottesville Home Prices had a rank of 323,
with appreciation of -2.52%. The top performing real estate market during the
4th Quarter was Laredo, TX, with appreciation of 7.71%. The worst market
during that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, Charlottesville Home Prices had a rank of 258, with
appreciation during the year of -5.23%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, Charlottesville Home
Prices ranked 88, with a total appreciation of 20.2%. The top performing real
estate market during the 5 year period was Odessa, TX, with appreciation of
65%. The worst market during that period was Merced, CA, with appreciation of
-46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, Charlottesville Home
Prices had a rank of 19, with appreciation during the decade of 90%. The top
performing market during the period was Ocean City, NJ, with appreciation of
123%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, Charlottesville Home
Prices had a rank of 48, with total appreciation over the 20 year period of
151%. The top performing real estate market during the period was Casper,
WY, with appreciation of 269%. The worst market during the last 20 years was
Stockton, CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the Charlottesville Real Estate
Market is available back to the 3rd Quarter, of 1985. The chart has been
updated through the 4th Quarter of 2009. All calculations are based on the
quarterly value of the House Price Index for Charlottesville. 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.)
Commentary 2504
Part 1: MARKET HIGHLIGHTS
3rd Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 248.5 in the 4th
Quarter, of 2007. The 3rd Quarter, 2009 index value was 230.7. That's a
decline of 17.78 points or 7.16% below the Charlottesville Home Price Index all
time high. The Home Price Index indicates that the Charlottesville Market is up
99% over the last 10 years. Home Prices in the Charlottesville Real Estate
Market have lost 3.13% over the last 12 months.
The 3rd Quarter index value was 1.27 points lower than the 2nd Quarter, 2009
index value of 231.94, resulting in a 0.55% decline for the 3rd Quarter in the
Charlottesville Market.
The Charlottesville Home Price Index has declined for the last 3 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Santa Rosa, CA; San Luis Obispo, CA; San Diego, CA and Reno, NV,
with declines in the last 14 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is Lubbock, TX, with increases in
the last 8 consecutive quarters.
The highest annual home appreciation rate in the Charlottesville Real Estate
Market was 20% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Charlottesville Market was -4% in
the twelve months ended with the 4th Quarter of 2008.
The highest home appreciation in the Charlottesville Real Estate Market over a
three year period was 50% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the
Charlottesville Market was -2% in the three years ended with the 3rd Quarter of
2009.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 3rd Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
Charlottesville Real Estate Market. Another opens a forecast for appreciation
rates in the state of Virginia. Just one glance at our long term charts can
provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then ForecastChart.com's detailed statistics
about Charlottesville Home Prices will be at your fingertips when you need them.
Historical data on the Charlottesville Home Price Index is available back to the
3rd Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for the Charlottesville 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the Charlottesville 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 2: APPRECIATION RATES & RANKINGS
3rd Quarter, 2009 Data: Charlottesville, Virginia
The appreciation of Charlottesville 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.
Last Quarter:
During the 3rd Quarter of 2009, Charlottesville Home Prices had a rank of 90,
with appreciation of -0.55%. The top performing real estate market during the
3rd Quarter was Hinesville, GA, with appreciation of 7.17%. The worst market
during that period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all markets during the quarter was -1.74%.
Last Year:
During the last 12 months, Charlottesville Home Prices had a rank of 232, with
appreciation during the year of -3.13%. The top performing market during the
last year was Wichita Falls, TX, with appreciation of 6.0%. The worst real estate
market during that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all markets during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, Charlottesville Home
Prices ranked 72, with a total appreciation of 25.1%. The top performing real
estate market during the 5 year period was Midland, TX, with appreciation of
72%. The worst market during that period was Merced, CA, with appreciation of
-46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, Charlottesville Home
Prices had a rank of 12, with appreciation during the decade of 99%. The top
performing market during the period was Ocean City, NJ, with appreciation of
135%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -10%.
The median appreciation for all markets during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, Charlottesville Home
Prices had a rank of 39, with total appreciation over the 20 year period of
166%. The top performing real estate market during the period was Missoula,
MT, with appreciation of 290%. The worst market during the last 20 years was
Merced, CA, with appreciation of 39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the markets over that time frame was 116%.
Historical data on the Home Price Index for the Charlottesville Real Estate
Market is available back to the 3rd Quarter, of 1985. The chart has been
updated through the 3rd Quarter of 2009. All calculations are based on the
quarterly value of the House Price Index for Charlottesville. 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.)
Commentary 1361
2nd Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 248.6 in the 4th
Quarter, of 2007. The 2nd Quarter, 2009 index value was 231.3. That's a
decline of 17.27 points or 6.95% below the Charlottesville Home Price Index all
time high. The Charlottesville Home Price Index is up 103% over the last 10
years. This Charlottesville Real Estate Index has lost 3.58% over the last 12
months.
The 2nd Quarter index value was 6.08 points lower than the 1st Quarter, 2009
index value of 237.40, resulting in a 2.56% decline for the 2nd Quarter.
The Charlottesville Home Price Index has declined for the last 2 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Santa Rosa, CA; San Luis Obispo, CA; San Diego, CA and Reno, NV,
with declines in the last 13 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is College Station, TX, with
increases in the last 14 consecutive quarters.
The highest annual appreciation rate in Charlottesville Real Estate was 20% in
the twelve months ended with the 2nd Quarter of 2005. The worst annual
appreciation rate in Charlottesville was -4% in the twelve months ended with the
1st Quarter of 2009.
The highest appreciation in Charlottesville Real Estate over a three year period
was 50% in the three years ended with the 1st Quarter of 2006. The worst
appreciation over a three year period in Charlottesville was -1% in the three
years ended with the 2nd Quarter of 2009.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 2nd Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for
Charlottesville Real Estate. Another opens a forecast for appreciation rates in
the state of Virginia. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values. And
those pages contain more than just charts. You'll find a wealth of other helpful
statistics about Charlottesville Home Prices.
Historical data on the Charlottesville Home Price Index is available back to the
3rd Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for Charlottesville. 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.
Commentary 218
1st Quarter, 2009 Data: Charlottesville, Virginia
The all time high in the Charlottesville Home Price Index was 250.4 in the 4th
Quarter, of 2007. The 1st Quarter, 2009 index value was 238.1. That's a
decline of 12.31 points or 4.92% below the Charlottesville Home Price Index all
time high. The Charlottesville Home Price Index is up 115% over the last 10
years. It has lost 4.19% over the last 12 months.
The 1st Quarter index value was 3.41 points lower than the 4th Quarter, 2008
index value of 241.49, resulting in a 1.41% decline for the 1st Quarter.
The Charlottesville Home Price Index declined in the last quarter after
increasing in the previous quarter. The current record holders for consecutive
declines in the Home Price Index are Santa Rosa, CA and Reno, NV, with
declines in the last 12 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is Houston, TX, with increases in
the last 51 consecutive quarters.
The highest annual appreciation rate in Charlottesville Real Estate was 20% in
the twelve months ended with the 2nd Quarter of 2005. The worst annual
appreciation rate in Charlottesville was -4% in the twelve months ended with the
1st Quarter of 2009.
The highest appreciation in Charlottesville Real Estate over a three year period
was 51% in the three years ended with the 1st Quarter of 2006. The worst
appreciation over a three year period in Charlottesville was 3% in the three
years ended with the 3rd Quarter of 1996.
This page provides a long term graph of the Charlottesville Home Price Index
(above). The chart has been updated through the 1st Quarter of 2009. For
more information about Charlottesville Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for
Charlottesville Real Estate. Another opens a forecast for appreciation rates in
the state of Virginia. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values. And
those pages contain more than just charts. You'll find a wealth of other helpful
statistics about Charlottesville Home Prices.
Historical data on the Charlottesville Home Price Index is available back to the
1st Quarter, of 1985. All calculations are based on the quarterly value of the
House Price Index for Charlottesville. 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.
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