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Lewiston, ME - House Price Index (HPI) - 21 Year Chart
Lewiston Real Estate Market (ME)
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The House Price Index (HPI) shows changes in Lewiston-Auburn, ME single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, April 24, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Lewiston Real Estate Index: 21 Year Chart
Home Values Appreciation Rate - US Cities
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Lewiston Real Estate Market: Trend, Analysis & Statistics
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Commentary  10259
4th Quarter, 2011 Housing Statistics: Lewiston, Maine


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
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 Lewiston housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Lewiston 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 falling house
prices in Lewiston is 72% 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
Lewiston Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      67%

The forecast for the trend in the Lewiston housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Lewiston is 67%. In other words, when tested against historical
data, the forecasting methodology was correct 67% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Lewiston is 67% 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 Lewiston
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Lewiston, Maine


Historical Home Price Appreciation
Last Quarter                         2.93%
Last Year                              -0.5%
Last 5 Years                         -10%
Last 10 Years                       38%
Last 20 Years                       57%
Decline From All Time High   12.01%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      16.52%
1989      11.28%
1990      -7.92%
1991      6.82%
1992      -4.45%
1993      -1.36%
1994      -6.31%
1995      6.23%
1996      0.24%
1997      -1.81%
1998      4.92%
1999      2.15%
2000      6.09%
2001      8.37%
2002      9.36%
2003      8.42%
2004      13.30%
2005      11.32%
2006      3.30%
2007      1.61%
2008      -6.00%
2009      -5.61%
2010      -0.24%
2011      -0.46%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.93%         Rank: 16 of 381 (96th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.5%          Rank: 71 of 381 (81st Percentile)
Last 5 Years                              -10%           Rank: 225 of 381 (41st Percentile)
Last 10 Years  . . . . . . . . . . . .   38%            Rank: 79 of 381 (79th Percentile)
Last 20 Years                            57%            Rank: 297 of 355 (16th Percentile)
Decline From All Time High        12.01%

Home Price appreciation rates for Lewiston-Auburn, ME are shown above for
five time periods. For example: Lewiston appreciated 2.93% in the Last Quarter.
At that rate, the Lewiston Real Estate Market was ranked 16th out of 381
metropolitan areas for Real Estate Appreciation. Lewiston was in the 96th
percentile. So Lewiston, ME performed better in the Last Quarter than 96% of
the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Lewiston, Maine

The data and analysis on this page pertains to Lewiston-Auburn, ME,
hereinafter referred to as "Lewiston". The all time high in the Lewiston Home
Price Index was 204.7 in the 1st Quarter, of 2006. The 4th Quarter, 2011 index
value was 180.1. That's a decline of 24.58 points or 12.01% below the Lewiston
Home Price Index all time high.  The Home Price Index indicates that the
Lewiston Market is up 38% over the last 10 years. Home Prices in the Lewiston
Real Estate Market have lost 0.46% over the last 12 months.

The 4th Quarter index value was 5.13 points higher than the 3rd Quarter, 2011
index value of 174.96, resulting in a 2.93% rise in the 4th Quarter for the
Lewiston Market.

The Lewiston Home Price Index increased in the last quarter after falling in the
previous 5 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 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 Lewiston Real Estate Market
was 23% in the twelve months ended with the 1st Quarter of 1988. The worst
annual home appreciation rate in the Lewiston Market was -8% in the twelve
months ended with the 4th Quarter of 1990.

The highest home appreciation in the Lewiston Real Estate Market over a three
year period was 45% in the three years ended with the 1st Quarter of 1990.
The worst home appreciation over a three year period in the Lewiston Market
was -13% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Lewiston Home Price Index is available back to the 2nd
Quarter, of 1987. All calculations are based on the quarterly value of the House
Price Index for the Lewiston 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 Lewiston 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: Lewiston, Maine

The appreciation of Lewiston 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 Lewiston-Auburn, ME, hereinafter referred to as "Lewiston".

Last Quarter:
During the 4th Quarter of 2011, Lewiston Home Prices had a rank of 16, with
appreciation of 2.93%. 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, Lewiston Home Prices had a rank of 71, with
appreciation during the year of -0.46%. 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, Lewiston Home Prices
ranked 225, with a total appreciation of -10.5%. 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, Lewiston Home Prices
had a rank of 79, 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, Lewiston Home Prices
had a rank of 297, with total appreciation over the 20 year period of 57%. 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 Lewiston Real Estate
Market is available back to the 2nd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Lewiston. 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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