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Spartanburg, SC - House Price Index (HPI) - 21 Year Chart
Spartanburg Real Estate Market
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The House Price Index (HPI) shows changes in Spartanburg, SC single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, March 27, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Spartanburg Real Estate Index: 21 Year Chart
Home Values Appreciation Rate - US Cities
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Spartanburg Real Estate Market: Trend, Analysis & Statistics
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Commentary  10385
4th Quarter, 2011 Housing Statistics: Spartanburg, 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 Spartanburg housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Spartanburg 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 Spartanburg 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
Spartanburg Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      92%

The forecast for the trend in the Spartanburg housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Spartanburg is 92%. In other words, when tested against historical
data, the forecasting methodology was correct 92% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Spartanburg is 92% 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
Spartanburg Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         0.86%
Last Year                              -3.6%
Last 5 Years                         -4%
Last 10 Years                       10%
Last 20 Years                       68%
Decline From All Time High   8.65%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987      3.84%
1988      1.01%
1989      5.56%
1990      2.04%
1991      4.34%
1992      4.63%
1993      2.84%
1994      4.68%
1995      6.44%
1996      4.70%
1997      4.51%
1998      4.60%
1999      1.02%
2000      2.68%
2001      6.89%
2002      2.99%
2003      0.27%
2004      3.75%
2005      3.20%
2006      3.52%
2007      2.16%
2008      -0.30%
2009      0.56%
2010      -2.31%
2011      -3.61%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.86%         Rank: 102 of 381 (73rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -3.6%          Rank: 248 of 381 (35th Percentile)
Last 5 Years                              -4%             Rank: 156 of 381 (59th Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 308 of 381 (19th Percentile)
Last 20 Years                            68%            Rank: 261 of 355 (26th Percentile)
Decline From All Time High        8.65%

Home Price appreciation rates for Spartanburg, SC are shown above for five
time periods. For example: Spartanburg appreciated 0.86% in the Last Quarter.
At that rate, the Spartanburg Real Estate Market was ranked 102nd out of 381
metropolitan areas for Real Estate Appreciation. Spartanburg was in the 73rd
percentile. So Spartanburg, SC performed better in the Last Quarter than 73%
of the 381 metropolitan areas covered in Forecast-Chart.com.

























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

The all time high in the Spartanburg Home Price Index was 160.9 in the 2nd
Quarter, of 2009. The 4th Quarter, 2011 index value was 147.0. That's a
decline of 13.91 points or 8.65% below the Spartanburg Home Price Index all
time high.  The Home Price Index indicates that the Spartanburg Market is up
10% over the last 10 years. Home Prices in the Spartanburg Real Estate Market
have lost 3.61% over the last 12 months.

The 4th Quarter index value was 1.26 points higher than the 3rd Quarter, 2011
index value of 145.72, resulting in a 0.86% rise in the 4th Quarter for the
Spartanburg Market.

The Spartanburg Home Price Index increased in the last quarter after falling in
the previous 4 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 Spartanburg Real Estate
Market was 9% in the twelve months ended with the 3rd Quarter of 1989. The
worst annual home appreciation rate in the Spartanburg Market was -6% in the
twelve months ended with the 2nd Quarter of 2010.

The highest home appreciation in the Spartanburg Real Estate Market over a
three year period was 18% in the three years ended with the 2nd Quarter of
1997. The worst home appreciation over a three year period in the Spartanburg
Market was -7% in the three years ended with the 3rd Quarter of 2011.

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

Historical data on the Spartanburg 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 Spartanburg 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 Spartanburg 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: Spartanburg, South Carolina

The appreciation of Spartanburg 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, Spartanburg Home Prices had a rank of 102,
with appreciation of 0.86%. 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, Spartanburg Home Prices had a rank of 248, with
appreciation during the year of -3.61%. 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, Spartanburg Home Prices
ranked 156, with a total appreciation of -3.6%. 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, Spartanburg Home
Prices had a rank of 308, with appreciation during the decade of 10%. 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, Spartanburg Home
Prices had a rank of 261, with total appreciation over the 20 year period of
68%. 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 Spartanburg 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 Spartanburg. 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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