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Myrtle Beach, SC - House Price Index (HPI) - 20 Year Chart
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1000
The House Price Index (HPI) shows changes in Myrtle Beach-North Myrtle Beach-Conway, SC single
family home prices in logarithmic scale. The March, 1995 index value equals 100.  Updated  April 25,
2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Myrtle Beach Real Estate Index: 20 Year Chart
Home Values Appreciation Rate - US Cities
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Myrtle Beach Real Estate Market: Trend & Analysis
Myrtle Beach Real Estate Market
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Commentary  10296
4th Quarter, 2011 Housing Statistics: Myrtle Beach, South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      91%

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 Myrtle Beach housing market for the
12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Myrtle Beach is 91%. In other words, when tested against
historical data, the forecasting methodology was correct 91% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Myrtle Beach is 91% 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 Myrtle
Beach Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      87%

The forecast for the trend in the Myrtle Beach housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Myrtle Beach is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Myrtle Beach is 87% 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 Myrtle
Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Myrtle Beach, South Carolina


Historical Home Price Appreciation
Last Quarter                         3.24%
Last Year                              -7.7%
Last 5 Years                         -25%
Last 10 Years                       22%
Last 20 Years                       88%
Decline From All Time High   26.17%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      3.18%
1989      -0.30%
1990      0.30%
1991      5.19%
1992      3.87%
1993      2.05%
1994      2.17%
1995      8.71%
1996      5.18%
1997      4.83%
1998      5.06%
1999      1.17%
2000      4.30%
2001      6.90%
2002      3.19%
2003      3.91%
2004      11.55%
2005      17.77%
2006      15.44%
2007      1.07%
2008      -7.00%
2009      -8.43%
2010      -5.44%
2011      -7.70%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.24%         Rank: 11 of 381 (97th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -7.7%          Rank: 353 of 381 (7th Percentile)
Last 5 Years                              -25%           Rank: 311 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   22%            Rank: 219 of 381 (42nd Percentile)
Last 20 Years                            88%            Rank: 156 of 355 (56th Percentile)
Decline From All Time High        26.17%

Home Price appreciation rates for Myrtle Beach-North Myrtle Beach-Conway,
SC are shown above for five time periods. For example: Myrtle Beach
appreciated 3.24% in the Last Quarter. At that rate, the Myrtle Beach Real
Estate Market was ranked 11th out of 381 metropolitan areas for Real Estate
Appreciation. Myrtle Beach was in the 97th percentile. So Myrtle Beach, SC
performed better in the Last Quarter than 97% of the 381 metropolitan areas
covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Myrtle Beach, South Carolina

The data and analysis on this page pertains to Myrtle Beach-North Myrtle
Beach-Conway, SC, hereinafter referred to as "Myrtle Beach". The all time high
in the Myrtle Beach Home Price Index was 232.3 in the 2nd Quarter, of 2007.
The 4th Quarter, 2011 index value was 171.5. That's a decline of 60.79 points
or 26.17% below the Myrtle Beach Home Price Index all time high.  The Home
Price Index indicates that the Myrtle Beach Market is up 22% over the last 10
years. Home Prices in the Myrtle Beach Real Estate Market have lost 7.70%
over the last 12 months.

The 4th Quarter index value was 5.38 points higher than the 3rd Quarter, 2011
index value of 166.13, resulting in a 3.24% rise in the 4th Quarter for the Myrtle
Beach Market.

The Myrtle Beach Home Price Index increased in the last quarter after falling in
the previous 3 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 Myrtle Beach Real Estate
Market was 22% in the twelve months ended with the 2nd Quarter of 2006. The
worst annual home appreciation rate in the Myrtle Beach Market was -13% in
the twelve months ended with the 2nd Quarter of 2010.

The highest home appreciation in the Myrtle Beach Real Estate Market over a
three year period was 52% in the three years ended with the 1st Quarter of
2007. The worst home appreciation over a three year period in the Myrtle
Beach Market was -24% in the three years ended with the 1st Quarter of 2011.

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

Historical data on the Myrtle Beach Home Price Index is available back to the
4th Quarter, of 1988. All calculations are based on the quarterly value of the
House Price Index for the Myrtle 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 Myrtle 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: Myrtle Beach, South Carolina

The appreciation of Myrtle 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 Myrtle Beach-North Myrtle Beach-Conway, SC, hereinafter
referred to as "Myrtle Beach".

Last Quarter:
During the 4th Quarter of 2011, Myrtle Beach Home Prices had a rank of 11,
with appreciation of 3.24%. 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, Myrtle Beach Home Prices had a rank of 353, with
appreciation during the year of -7.70%. 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, Myrtle Beach Home
Prices ranked 311, with a total appreciation of -24.9%. 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, Myrtle Beach Home
Prices had a rank of 219, with appreciation during the decade of 22%. 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, Myrtle Beach Home
Prices had a rank of 156, with total appreciation over the 20 year period of
88%. 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 Myrtle Beach Real
Estate Market is available back to the 4th Quarter, of 1988. All calculations are
based on the quarterly value of the House Price Index for Myrtle 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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