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Honolulu, HI - House Price Index (HPI) - 31 Year Chart
Honolulu Real Estate Market Forecast
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1000
The House Price Index (HPI) shows changes in Honolulu, HI single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Thursday, March 29, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Honolulu Real Estate Index: 31 Year Chart
Home Values Appreciation Rate - US Cities
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Honolulu Real Estate Market: Trend, Analysis & Statistics
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Commentary  10213
4th Quarter, 2011 Housing Statistics: Honolulu, Hawaii


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

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 Honolulu housing market for the 12
months ending with the 4th Quarter of 2012 is UP. The Accuracy of the Trend
Forecast for Honolulu is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Honolulu is 79% 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 Honolulu
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      71%

The forecast for the trend in the Honolulu housing market for the 3 years
ending with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast
for Honolulu is 71%. In other words, when tested against historical data, the
forecasting methodology was correct 71% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Honolulu is 71% 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 Honolulu
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Honolulu, Hawaii


Historical Home Price Appreciation
Last Quarter                                     -0.02%
Last Year . . . . . . . . . . . . . . . . . . . .  0.2%
Last 5 Years                                     -5%
Last 10 Years . . . . . . . . . . . . . . . . . 87%
Last 20 Years                                   77%
Decline From All Time High               7.96%


Annual Home Price Appreciation Rates
1982      72.12%
1983      22.00%
1984      3.77%
1985      6.82%
1986      5.98%
1987      9.26%
1988      22.84%
1989      24.48%
1990      25.28%
1991      3.67%
1992      0.35%
1993      0.65%
1994      -1.13%
1995      1.33%
1996      -9.54%
1997      -4.74%
1998      -0.55%
1999      -2.38%
2000      4.41%
2001      6.97%
2002      7.96%
2003      12.67%
2004      23.31%
2005      23.71%
2006      6.21%
2007      3.18%
2008      -4.90%
2009      -5.53%
2010      2.24%
2011      0.25%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.02%        Rank: 235 of 381 (38th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.2%           Rank: 42 of 381 (89th Percentile)
Last 5 Years                              -5%             Rank: 173 of 381 (54th Percentile)
Last 10 Years  . . . . . . . . . . . .   87%            Rank: 2 of 381 (99th Percentile)
Last 20 Years                            77%            Rank: 222 of 355 (37th Percentile)
Decline From All Time High        7.96%

Home Price appreciation rates for Honolulu, HI are shown above for five time
periods. For example: Honolulu appreciated -0.02% in the Last Quarter. At that
rate, the Honolulu Real Estate Market was ranked 235th out of 381 metropolitan
areas for Real Estate Appreciation. Honolulu was in the 38th percentile. So
Honolulu, HI performed better in the Last Quarter than 38% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Honolulu, Hawaii

The all time high in the Honolulu Home Price Index was 193.9 in the 3rd
Quarter, of 2007. The 4th Quarter, 2011 index value was 178.4. That's a
decline of 15.43 points or 7.96% below the Honolulu Home Price Index all time
high.  The Home Price Index indicates that the Honolulu Market is up 87% over
the last 10 years. Home prices in the Honolulu Real Estate Market have gained
0.25% over the last 12 months. Over the last thirty years, it is up 848%.

The 4th Quarter index value was 0.04 points lower than the 3rd Quarter, 2011
index value of 178.48, resulting in a 0.02% decline for the 4th Quarter in the
Honolulu Market.

The Honolulu Home Price Index has declined for the last 2 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 3 consecutive quarters.

The highest annual home appreciation rate in the Honolulu Real Estate Market
was 72% in the twelve months ended with the 4th Quarter of 1982. The worst
annual home appreciation rate in the Honolulu Market was -53% in the twelve
months ended with the 4th Quarter of 1981.

The highest home appreciation in the Honolulu Real Estate Market over a three
year period was 118% in the three years ended with the 4th Quarter of 1984.
The worst home appreciation over a three year period in the Honolulu Market
was -31% in the three years ended with the 4th Quarter of 1981.

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

Historical data on the Honolulu Home Price Index is available back to the 2nd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Honolulu 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 Honolulu 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: Honolulu, Hawaii

The appreciation of Honolulu 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, Honolulu Home Prices had a rank of 235, with
appreciation of -0.02%. 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, Honolulu Home Prices had a rank of 42, with
appreciation during the year of 0.25%. 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, Honolulu Home Prices
ranked 173, with a total appreciation of -5.0%. 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, Honolulu Home Prices
had a rank of 2, with appreciation during the decade of 87%. 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, Honolulu Home Prices
had a rank of 222, with total appreciation over the 20 year period of 77%. 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 Honolulu Real Estate
Market is available back to the 2nd Quarter, of 1977. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Honolulu. 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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