__________________________________________
|
Cheyenne, WY - House Price Index (HPI) - 28 Year Chart
|
Cheyenne Real Estate Market
|
The House Price Index (HPI) shows changes in Cheyenne, WY single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Wednesday, April 18, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Cheyenne Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 10126
4th Quarter, 2011 Housing Statistics: Cheyenne, Wyoming
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 72%
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 Cheyenne housing market for the 12
months ending with the 4th Quarter of 2012 is UP. The Accuracy of the Trend
Forecast for Cheyenne is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Cheyenne is 72% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2012 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Cheyenne
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 80%
The forecast for the trend in the Cheyenne housing market for the 3 years
ending with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast
for Cheyenne 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
Cheyenne is 80% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Cheyenne
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Cheyenne, Wyoming
Historical Home Price Appreciation
Last Quarter 1.30%
Last Year . . . . . . . . . . . . . . . . . . . . 0.7%
Last 5 Years 3%
Last 10 Years . . . . . . . . . . . . . . . . . 46%
Last 20 Years 134%
Decline From All Time High 0.61%
Annual Home Price Appreciation Rates
1982 n/a
1983 4.86%
1984 7.53%
1985 -2.26%
1986 5.13%
1987 -5.53%
1988 4.21%
1989 -2.39%
1990 0.36%
1991 7.74%
1992 4.00%
1993 6.47%
1994 6.92%
1995 8.44%
1996 0.76%
1997 7.53%
1998 1.31%
1999 2.30%
2000 5.91%
2001 4.77%
2002 6.49%
2003 7.22%
2004 10.70%
2005 6.35%
2006 5.80%
2007 2.38%
2008 -1.44%
2009 -0.20%
2010 1.41%
2011 0.75%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.30% Rank: 65 of 381 (83rd Percentile)
Last Year . . . . . . . . . . . . . . . . 0.7% Rank: 27 of 381 (93rd Percentile)
Last 5 Years 3% Rank: 82 of 381 (78th Percentile)
Last 10 Years . . . . . . . . . . . . 46% Rank: 41 of 381 (89th Percentile)
Last 20 Years 134% Rank: 23 of 355 (93rd Percentile)
Decline From All Time High 0.61%
Home Price appreciation rates for Cheyenne, WY are shown above for five time
periods. For example: Cheyenne appreciated 1.30% in the Last Quarter. At that
rate, the Cheyenne Real Estate Market was ranked 65th out of 381
metropolitan areas for Real Estate Appreciation. Cheyenne was in the 83rd
percentile. So Cheyenne, WY performed better in the Last Quarter than 83% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Cheyenne, Wyoming
The all time high in the Cheyenne Home Price Index was 192.1 in the 1st
Quarter, of 2009. The 4th Quarter, 2011 index value was 190.9. That's a
decline of 1.18 points or 0.61% below the Cheyenne Home Price Index all time
high. The Home Price Index indicates that the Cheyenne Market is up 46%
over the last 10 years. Home prices in the Cheyenne Real Estate Market have
gained 0.75% over the last 12 months.
The 4th Quarter index value was 2.45 points higher than the 3rd Quarter, 2011
index value of 188.48, resulting in a 1.30% rise in the 4th Quarter for the
Cheyenne Market.
The Cheyenne Home Price Index increased in the last quarter after falling in the
previous 2 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 current
record holder for consecutive declines in the Home Price Index is Las Vegas,
NV, with declines in the last 20 consecutive quarters.
The highest annual home appreciation rate in the Cheyenne Real Estate
Market was 11% in the twelve months ended with the 4th Quarter of 2004. The
worst annual home appreciation rate in the Cheyenne Market was -8% in the
twelve months ended with the 1st Quarter of 1989.
The highest home appreciation in the Cheyenne Real Estate Market over a
three year period was 29% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the Cheyenne
Market was -6% in the three years ended with the 3rd Quarter of 1989.
This page provides a long term graph of the Cheyenne Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Cheyenne Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Cheyenne Real Estate Market. Another opens a forecast for
appreciation rates in the state of Wyoming. 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 Cheyenne Home
Prices will be at your fingertips when you need them.
Historical data on the Cheyenne Home Price Index is available back to the 2nd
Quarter, of 1980. All calculations are based on the quarterly value of the House
Price Index for the Cheyenne 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 Cheyenne 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: Cheyenne, Wyoming
The appreciation of Cheyenne 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 2011, Cheyenne Home Prices had a rank of 65, with
appreciation of 1.30%. 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, Cheyenne Home Prices had a rank of 27, with
appreciation during the year of 0.75%. 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, Cheyenne Home Prices
ranked 82, with a total appreciation of 2.9%. 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, Cheyenne Home Prices
had a rank of 41, with appreciation during the decade of 46%. 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, Cheyenne Home Prices
had a rank of 23, with total appreciation over the 20 year period of 134%. 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 Cheyenne Real Estate
Market is available back to the 2nd Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Cheyenne. 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