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Elmira, NY - House Price Index (HPI) - 17 Year Chart
Elmira Real Estate Market
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The House Price Index (HPI) shows changes in Elmira, NY single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Thursday, April 19, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Elmira Real Estate Index: 17 Year Chart
Home Values Appreciation Rate - US Cities
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Elmira Real Estate Market: Trend, Analysis & Statistics
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Commentary  10167
4th Quarter, 2011 Housing Statistics: Elmira, New York


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 Elmira housing market for the 12
months ending with the 4th Quarter of 2012 is UP. The Accuracy of the Trend
Forecast for Elmira 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
Elmira 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 Elmira Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the Elmira housing market for the 3 years ending
with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast for
Elmira is 73%. In other words, when tested against historical data, the
forecasting methodology was correct 73% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Elmira is 73% 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 Elmira Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Elmira, New York


Historical Home Price Appreciation
Last Quarter                                     0.18%
Last Year . . . . . . . . . . . . . . . . . . . .  4.5%
Last 5 Years                                     15%
Last 10 Years . . . . . . . . . . . . . . . . . 42%
Last 20 Years                                   73%



Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992      5.72%
1993      -0.22%
1994      -3.56%
1995      5.18%
1996      0.97%
1997      -1.28%
1998      1.47%
1999      0.36%
2000      5.15%
2001      6.84%
2002      5.44%
2003      0.49%
2004      8.10%
2005      0.64%
2006      7.12%
2007      1.05%
2008      5.90%
2009      2.12%
2010      0.41%
2011      4.51%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.18%         Rank: 205 of 381 (46th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.5%           Rank: 3 of 381 (99th Percentile)
Last 5 Years                              15%            Rank: 4 of 381 (99th Percentile)
Last 10 Years  . . . . . . . . . . . .   42%            Rank: 62 of 381 (83rd Percentile)
Last 20 Years                            73%            Rank: 241 of 355 (32nd Percentile)


Home Price appreciation rates for Elmira, NY are shown above for five time
periods. For example: Elmira appreciated 0.18% in the Last Quarter. At that
rate, the Elmira Real Estate Market was ranked 205th out of 381 metropolitan
areas for Real Estate Appreciation. Elmira was in the 46th percentile. So Elmira,
NY performed better in the Last Quarter than 46% of the 381 metropolitan
areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Elmira, New York

The all time high in the Elmira Home Price Index was 168.6 in the 4th Quarter,
of 2011.  The Home Price Index indicates that the Elmira Market is up 42% over
the last 10 years. Home prices in the Elmira Real Estate Market have gained
4.51% over the last 12 months.

The 4th Quarter index value was 0.30 points higher than the 3rd Quarter, 2011
index value of 168.26, resulting in a 0.18% rise in the 4th Quarter for the Elmira
Market.

The Elmira Home Price Index has increased for the last 3 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 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 Elmira Real Estate Market
was 10% in the twelve months ended with the 3rd Quarter of 2001. The worst
annual home appreciation rate in the Elmira Market was -7% in the twelve
months ended with the 2nd Quarter of 1995.

The highest home appreciation in the Elmira Real Estate Market over a three
year period was 21% in the three years ended with the 2nd Quarter of 2006.
The worst home appreciation over a three year period in the Elmira Market was
-6% in the three years ended with the 2nd Quarter of 1995.

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

Historical data on the Elmira Home Price Index is available back to the 4th
Quarter, of 1991. All calculations are based on the quarterly value of the House
Price Index for the Elmira 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 Elmira 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: Elmira, New York

The appreciation of Elmira 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, Elmira Home Prices had a rank of 205, with
appreciation of 0.18%. 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, Elmira Home Prices had a rank of 3, with
appreciation during the year of 4.51%. 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, Elmira Home Prices
ranked 4, with a total appreciation of 14.7%. 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, Elmira Home Prices had
a rank of 62, with appreciation during the decade of 42%. 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, Elmira Home Prices had
a rank of 241, with total appreciation over the 20 year period of 73%. 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 Elmira Real Estate
Market is available back to the 4th Quarter, of 1991. All calculations are based
on the quarterly value of the House Price Index for Elmira. 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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