__________________________________________
|
Tacoma, WA - House Price Index (HPI) - 31 Year Chart
|
Tacoma Real Estate Market
|
The House Price Index (HPI) shows changes in Tacoma, WA single family home prices in logarithmic
scale. The March, 1995 index value equals 100. Updated Wednesday, March 28, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Tacoma Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 10399
4th Quarter, 2011 Housing Statistics: Tacoma, Washington
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 Tacoma housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Tacoma 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 Tacoma 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
Tacoma Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 90%
The forecast for the trend in the Tacoma housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Tacoma is 90%. In other words, when tested against historical data, the
forecasting methodology was correct 90% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Tacoma is 90% 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 Tacoma Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Tacoma, Washington
Historical Home Price Appreciation
Last Quarter -0.01%
Last Year -6.8%
Last 5 Years -25%
Last 10 Years 29%
Last 20 Years 98%
Decline From All Time High 27.23%
Annual Home Price Appreciation Rates
1982 1.60%
1983 4.19%
1984 4.09%
1985 1.15%
1986 1.96%
1987 0.45%
1988 6.50%
1989 12.40%
1990 17.27%
1991 8.81%
1992 6.31%
1993 3.77%
1994 1.36%
1995 4.59%
1996 1.50%
1997 3.90%
1998 6.16%
1999 3.21%
2000 6.06%
2001 6.86%
2002 5.24%
2003 7.20%
2004 12.86%
2005 20.01%
2006 12.98%
2007 3.04%
2008 -6.88%
2009 -10.70%
2010 -6.08%
2011 -6.83%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.01% Rank: 232 of 381 (39th Percentile)
Last Year . . . . . . . . . . . . . . . . -6.8% Rank: 339 of 381 (11th Percentile)
Last 5 Years -25% Rank: 313 of 381 (17th Percentile)
Last 10 Years . . . . . . . . . . . . 29% Rank: 155 of 381 (59th Percentile)
Last 20 Years 98% Rank: 114 of 355 (68th Percentile)
Decline From All Time High 27.23%
Home Price appreciation rates for Tacoma, WA are shown above for five time
periods. For example: Tacoma appreciated -0.01% in the Last Quarter. At that
rate, the Tacoma Real Estate Market was ranked 232nd out of 381 metropolitan
areas for Real Estate Appreciation. Tacoma was in the 39th percentile. So
Tacoma, WA performed better in the Last Quarter than 39% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Tacoma, Washington
The all time high in the Tacoma Home Price Index was 243.4 in the 4th Quarter,
of 2007. The 4th Quarter, 2011 index value was 177.1. That's a decline of
66.27 points or 27.23% below the Tacoma Home Price Index all time high. The
Home Price Index indicates that the Tacoma Market is up 29% over the last 10
years. Home Prices in the Tacoma Real Estate Market have lost 6.83% over the
last 12 months. Over the last thirty years, it is up 246%.
The 4th Quarter index value was 0.01 points lower than the 3rd Quarter, 2011
index value of 177.09, resulting in a 0.01% decline for the 4th Quarter in the
Tacoma Market.
The Tacoma Home Price Index has declined for the last 16 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 Tacoma Real Estate Market
was 21% in the twelve months ended with the 2nd Quarter of 1990. The worst
annual home appreciation rate in the Tacoma Market was -11% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the Tacoma Real Estate Market over a three
year period was 56% in the three years ended with the 2nd Quarter of 1980.
The worst home appreciation over a three year period in the Tacoma Market
was -25% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Tacoma Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Tacoma Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Tacoma
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Washington. 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 Tacoma Home Prices will be at your fingertips when you need
them.
Historical data on the Tacoma 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 Tacoma 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 Tacoma 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: Tacoma, Washington
The appreciation of Tacoma 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, Tacoma Home Prices had a rank of 232, with
appreciation of -0.01%. 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, Tacoma Home Prices had a rank of 339, with
appreciation during the year of -6.83%. 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, Tacoma Home Prices
ranked 313, with a total appreciation of -25.0%. 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, Tacoma Home Prices
had a rank of 155, with appreciation during the decade of 29%. 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, Tacoma Home Prices
had a rank of 114, with total appreciation over the 20 year period of 98%. 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 Tacoma Real Estate
Market is available back to the 2nd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Tacoma. 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.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved