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Las Vegas, NV - House Price Index (HPI) - 30 Year Chart
Las Vegas Real Estate Market (NV)
100
1000
The House Price Index (HPI) shows changes in Las Vegas-Paradise, NV single family home prices
in logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, September 30, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Las Vegas Real Estate Index: 30 Year Chart
Home Values Appreciation Rate - US Cities
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Las Vegas Real Estate Market: Trend, Analysis & Statistics
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Commentary  9492
3rd Quarter, 2011 Housing Statistics: Las Vegas, Nevada


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      78%

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 Las Vegas housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Las Vegas is 78%. In other words, when tested against
historical data, the forecasting methodology was correct 78% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Las Vegas is 78% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2012 than they were in
the 3rd Quarter of 2011. Check this page each quarter for updates to the Las
Vegas Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      75%

The forecast for the trend in the Las Vegas housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Las Vegas is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in Las
Vegas is 75% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2014 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Las Vegas
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Las Vegas, Nevada


Historical Home Price Appreciation
Last Quarter                         -0.18%
Last Year                              -15.2%
Last 5 Years                         -59%
Last 10 Years                       -18%
Last 20 Years                       8%
Decline From All Time High   59.64%


Annual Home Price Appreciation Rates
1981      8.77%
1982      17.65%
1983      -17.34%
1984      -1.20%
1985      7.94%
1986      2.23%
1987      0.10%
1988      4.44%
1989      7.23%
1990      8.39%
1991      5.71%
1992      1.79%
1993      1.06%
1994      -1.56%
1995      4.93%
1996      1.34%
1997      3.14%
1998      2.70%
1999      1.00%
2000      5.39%
2001      6.93%
2002      5.57%
2003      13.24%
2004      38.89%
2005      15.34%
2006      4.87%
2007      -8.11%
2008      -34.09%
2009      -18.54%
2010      -6.66%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.18%        Rank: 273 of 381 (28th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -15.2%        Rank: 380 of 381 (Bottom .20%)
Last 5 Years                              -59%           Rank: 380 of 381 (Bottom .20%)
Last 10 Years  . . . . . . . . . . . .   -18%           Rank: 376 of 381 (1st Percentile)
Last 20 Years                            8%            Rank: 350 of 351 (Bottom .20%)
Decline From All Time High        59.64%

Home Price appreciation rates for Las Vegas-Paradise, NV are shown above for
five time periods. For example: Las Vegas appreciated -0.18% in the Last
Quarter. At that rate, the Las Vegas Real Estate Market was ranked 273rd out
of 381 metropolitan areas for Real Estate Appreciation. Las Vegas was in the
28th percentile. So Las Vegas, NV performed better in the Last Quarter than
28% of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Las Vegas, Nevada

The data and analysis on this page pertains to Las Vegas-Paradise, NV,
hereinafter referred to as "Las Vegas". The all time high in the Las Vegas Home
Price Index was 256.5 in the 4th Quarter, of 2006. The 3rd Quarter, 2011 index
value was 103.5. That's a decline of 152.96 points or 59.64% below the Las
Vegas Home Price Index all time high.  The Home Price Index indicates that the
Las Vegas Market is down 18% over the last 10 years. Home Prices in the Las
Vegas Real Estate Market have lost 15.16% over the last 12 months. Over the
last thirty years, it is up 34%.

The 3rd Quarter index value was 0.19 points lower than the 2nd Quarter, 2011
index value of 103.70, resulting in a 0.18% decline for the 3rd Quarter in the
Las Vegas Market.

The Las Vegas Home Price Index has declined for the last 19 consecutive
quarters. That makes Las Vegas the current record holder for consecutive
quarterly declines in the Home Price Index  The current record holder for
consecutive increases in the Home Price Index is Bismarck, ND, with increases
in the last 6 consecutive quarters.

The highest annual home appreciation rate in the Las Vegas Real Estate
Market was 44% in the twelve months ended with the 3rd Quarter of 2004. The
worst annual home appreciation rate in the Las Vegas Market was -34% in the
twelve months ended with the 4th Quarter of 2008.

The highest home appreciation in the Las Vegas Real Estate Market over a
three year period was 84% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the Las Vegas
Market was -51% in the three years ended with the 1st Quarter of 2010.

This page provides a long term graph of the Las Vegas Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Las Vegas Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Las Vegas Real Estate Market. Another opens a forecast for
appreciation rates in the state of Nevada. 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 Las Vegas Home
Prices will be at your fingertips when you need them.

Historical data on the Las Vegas Home Price Index is available back to the 2nd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Las Vegas 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 Las Vegas 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
3rd Quarter, 2011 Housing Data: Las Vegas, Nevada

The appreciation of Las Vegas 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 Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".

Last Quarter:
During the 3rd Quarter of 2011, Las Vegas Home Prices had a rank of 273, with
appreciation of -0.18%. The top performing real estate market during the 3rd
Quarter was Lewiston, ID, with appreciation of 7.64%. The worst market during
that period was Sumter, SC, with appreciation of -5.30%.
The median appreciation for all cities during the 3rd Quarter was 0.70%. The
average appreciation for all markets during the quarter was 0.72%.

Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 380, with
appreciation during the year of -15.16%. The top performing market during the
last year was Elmira, NY, with appreciation of 6.1%. The worst real estate
market during that period was Carson City, NV, with appreciation of -15.4%.
The median appreciation for all markets during this period was -3.41%. The
average appreciation was -4.02%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2011, Las Vegas Home Prices
ranked 380, with a total appreciation of -59.5%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 27%. The
worst market during that period was Merced, CA, with appreciation of -64%.
The median appreciation for all cities during this time period was -6%. The
average appreciation over the 5 years was -10%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2011, Las Vegas Home Prices
had a rank of 376, with appreciation during the decade of -18%. 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 26%. The
average appreciation for the cities over that time frame was 26%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2011, Las Vegas Home Prices
had a rank of 350, with total appreciation over the 20 year period of 8%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 214%. The worst market during the last 20 years was Merced,
CA, with appreciation of 6%.
The median appreciation for all cities during the last 20 years was 87%. The
average appreciation for the markets over that time frame was 89%.

Historical research data on the Home Price Index for the Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. The chart has been
updated through the 3rd Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Las Vegas. 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.)



PART 5: NATIONAL ECONOMIC FORECASTS  
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast.   Abbreviations: SSAR (Seasonally Adjusted Annual
Rate),  Q1 (First Quarter),  Q2 (Second Quarter),  etc.  

U. S. Home Values (12 Month Appreciation or Depreciation)  -1.9%  (2012-Q4)
30 Year Mortgage Interest Rate:  3.25%  (December, 2012)
15 Year Mortgage Rate:  2.93%  (December, 2012)
Adjustable Rate Mortgage Rate:  0.00%  (December, 2012)
Housing Starts (SSAR in 1000's):  732  (November, 2012)
Prime Interest Rate:  0.11%  (December, 2012)
US Unemployment Rate (Overall):  8.63%  (November, 2012)
US Inflation or Deflation (-):  3.04%  (November, 2012)
Crude Oil Prices (Dollars per Barrel):  $92.4  (November, 2012)
Natural Gas Prices (Dollars Per Million BTU):  $3.37  (November, 2012)
U.S. Dollar Trade Weighted Currency Exchange Index:   105  (December, 2012)
GDP (Gross Domestic Product) SSAR in Trillions:  $15.6  (2012-Q2)
GNP (Gross National Product) SSAR in Trillions:  $16.0  (2012-Q2)
Federal Surplus or Deficit (-) in Billions:  $-1704  (2011)
National Debt (Trillions):  $14.6  (2012-Q2)
Fed Funds Rate:  4.03%  (December, 2012)
S&P 500 (Standard & Poor's 500 Stock Index):  1245  (December, 2012)
DJIA (Dow Jones Industrial Average):  12030  (December, 2012)
U. S. Exports (SSAR in Billions):  $2338  (2012-Q2)
U. S. Imports (SSAR in Billions):  $3042  (2012-Q2)
U. S. Personal Savings Rate:  4.61%  (November, 2012)

































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