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Fort Walton Beach, FL - House Price Index (HPI) - 21 Year Chart
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Fort Walton Beach Real Estate Market
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The House Price Index (HPI) shows changes in Fort Walton Beach-Crestview-Destin, FL 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.
Fort Walton 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 10184
4th Quarter, 2011 Housing Statistics: Fort Walton Beach, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 83%
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 Fort Walton Beach housing market for
the 12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of
the Trend Forecast for Fort Walton Beach is 83%. In other words, when tested
against historical data, the forecasting methodology was correct 83% of the
time. Accordingly, Forecast-Chart.com estimates that the probability for falling
house prices in Fort Walton Beach is 83% 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 Fort Walton Beach Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Fort Walton Beach housing market for the 3
years ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Fort Walton Beach is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Fort Walton Beach is 82% 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 Fort Walton Beach Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Fort Walton Beach, Florida
Historical Home Price Appreciation
Last Quarter -0.60%
Last Year . . . . . . . . . . . . . . . . . . . . -5.1%
Last 5 Years -32%
Last 10 Years . . . . . . . . . . . . . . . . . 38%
Last 20 Years 112%
Decline From All Time High 32.72%
Annual Home Price Appreciation Rates
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 -5.06%
1988 6.53%
1989 2.33%
1990 -2.22%
1991 3.13%
1992 8.15%
1993 4.40%
1994 1.18%
1995 6.62%
1996 3.33%
1997 6.20%
1998 3.04%
1999 -0.69%
2000 6.45%
2001 5.64%
2002 5.58%
2003 14.04%
2004 26.70%
2005 31.33%
2006 0.86%
2007 -7.18%
2008 -15.54%
2009 -0.28%
2010 -7.95%
2011 -5.11%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.60% Rank: 318 of 381 (16th Percentile)
Last Year . . . . . . . . . . . . . . . . -5.1% Rank: 302 of 381 (20th Percentile)
Last 5 Years -32% Rank: 324 of 381 (15th Percentile)
Last 10 Years . . . . . . . . . . . . 38% Rank: 83 of 381 (78th Percentile)
Last 20 Years 112% Rank: 68 of 355 (81st Percentile)
Decline From All Time High 32.72%
Home Price appreciation rates for Fort Walton Beach-Crestview-Destin, FL are
shown above for five time periods. For example: Fort Walton Beach appreciated
-0.60% in the Last Quarter. At that rate, the Fort Walton Beach Real Estate
Market was ranked 318th out of 381 metropolitan areas for Real Estate
Appreciation. Fort Walton Beach was in the 16th percentile. So Fort Walton
Beach, FL performed better in the Last Quarter than 16% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Fort Walton Beach, Florida
The data and analysis on this page pertains to Fort Walton
Beach-Crestview-Destin, FL, hereinafter referred to as "Fort Walton Beach".
The all time high in the Fort Walton Beach Home Price Index was 267.8 in the
3rd Quarter, of 2006. The 4th Quarter, 2011 index value was 180.2. That's a
decline of 87.65 points or 32.72% below the Fort Walton Beach Home Price
Index all time high. The Home Price Index indicates that the Fort Walton Beach
Market is up 38% over the last 10 years. Home Prices in the Fort Walton Beach
Real Estate Market have lost 5.11% over the last 12 months.
The 4th Quarter index value was 1.09 points lower than the 3rd Quarter, 2011
index value of 181.28, resulting in a 0.60% decline for the 4th Quarter in the
Fort Walton Beach Market.
The Fort Walton Beach Home Price Index declined in the last quarter after
increasing in the previous quarter. 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 Fort Walton Beach Real
Estate Market was 36% in the twelve months ended with the 2nd Quarter of
2005. The worst annual home appreciation rate in the Fort Walton Beach
Market was -16% in the twelve months ended with the 4th Quarter of 2008.
The highest home appreciation in the Fort Walton Beach Real Estate Market
over a three year period was 90% in the three years ended with the 4th Quarter
of 2005. The worst home appreciation over a three year period in the Fort
Walton Beach Market was -25% in the three years ended with the 1st Quarter
of 2010.
This page provides a long term graph of the Fort Walton Beach Home Price
Index (above). The house price chart has been updated through the 4th
Quarter of 2011. For more information about Fort Walton Beach Home Prices,
look at the links under that chart. One link opens a long term chart of historical
appreciation rates for the Fort Walton Beach Real Estate Market. Another
opens a forecast for appreciation rates in the state of 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 Fort Walton Beach
Home Prices will be at your fingertips when you need them.
Historical data on the Fort Walton Beach Home Price Index is available back to
the 1st Quarter, of 1987. All calculations are based on the quarterly value of
the House Price Index for the Fort Walton 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 Fort Walton 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, 2011 Housing Data: Fort Walton Beach, Florida
The appreciation of Fort Walton 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 Fort Walton Beach-Crestview-Destin, FL, hereinafter referred
to as "Fort Walton Beach".
Last Quarter:
During the 4th Quarter of 2011, Fort Walton Beach Home Prices had a rank of
318, with appreciation of -0.60%. 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, Fort Walton Beach Home Prices had a rank of 302,
with appreciation during the year of -5.11%. 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, Fort Walton Beach Home
Prices ranked 324, with a total appreciation of -31.7%. 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, Fort Walton Beach
Home Prices had a rank of 83, with appreciation during the decade of 38%. 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, Fort Walton Beach
Home Prices had a rank of 68, with total appreciation over the 20 year period of
112%. 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 Fort Walton Beach
Real Estate Market is available back to the 1st Quarter, of 1987. All calculations
are based on the quarterly value of the House Price Index for Fort Walton
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.)
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