Virginia Beach, VA - House Price Index (HPI) - 31 Year Chart
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1000
The House Price Index (HPI) shows changes in Virginia Beach-Norfolk-Newport News, VA-NC single
family home prices in logarithmic scale. The March, 1995 index value equals 100.  Updated March 28,
2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Virginia Beach Real Estate Index: 31 Year Chart
Home Values Appreciation Rate - US Cities
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Virginia Beach Real Estate Market: Trend & Analysis
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Virginia Beach Real Estate Market
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Commentary  10416
4th Quarter, 2011 Housing Statistics: Virginia Beach, Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      94%

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 Virginia Beach housing market for the
12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Virginia Beach is 94%. In other words, when tested against
historical data, the forecasting methodology was correct 94% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Virginia Beach is 94% 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 Virginia Beach Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      93%

The forecast for the trend in the Virginia Beach housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Virginia Beach is 93%. In other words, when tested against
historical data, the forecasting methodology was correct 93% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Virginia Beach is 93% 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 Virginia Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Virginia Beach, Virginia


Historical Home Price Appreciation
Last Quarter                         0.61%
Last Year                              -4.8%
Last 5 Years                         -15%
Last 10 Years                       67%
Last 20 Years                       123%
Decline From All Time High   15.84%


Annual Home Price Appreciation Rates
1982      1.44%
1983      6.77%
1984      9.76%
1985      5.66%
1986      6.99%
1987      4.98%
1988      3.79%
1989      2.85%
1990      0.13%
1991      2.20%
1992      2.34%
1993      1.65%
1994      0.16%
1995      3.40%
1996      1.44%
1997      3.18%
1998      3.24%
1999      2.92%
2000      4.35%
2001      6.58%
2002      7.62%
2003      11.84%
2004      20.99%
2005      22.62%
2006      9.58%
2007      1.35%
2008      -4.00%
2009      -5.30%
2010      -2.62%
2011      -4.79%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.61%         Rank: 135 of 381 (64th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.8%          Rank: 291 of 381 (23rd Percentile)
Last 5 Years                              -15%           Rank: 255 of 381 (33rd Percentile)
Last 10 Years  . . . . . . . . . . . .   67%            Rank: 6 of 381 (98th Percentile)
Last 20 Years                            123%          Rank: 46 of 355 (87th Percentile)
Decline From All Time High        15.84%

Home Price appreciation rates for Virginia Beach-Norfolk-Newport News, VA-NC
are shown above for five time periods. For example: Virginia Beach appreciated
0.61% in the Last Quarter. At that rate, the Virginia Beach Real Estate Market
was ranked 135th out of 381 metropolitan areas for Real Estate Appreciation.
Virginia Beach was in the 64th percentile. So Virginia Beach, VA performed
better in the Last Quarter than 64% of the 381 metropolitan areas covered in
Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Virginia Beach, Virginia

The data and analysis on this page pertains to Virginia Beach-Norfolk-Newport
News, VA-NC, hereinafter referred to as "Virginia Beach". The all time high in
the Virginia Beach Home Price Index was 254.7 in the 2nd Quarter, of 2007.
The 4th Quarter, 2011 index value was 214.3. That's a decline of 40.34 points
or 15.84% below the Virginia Beach Home Price Index all time high.  The Home
Price Index indicates that the Virginia Beach Market is up 67% over the last 10
years. Home Prices in the Virginia Beach Real Estate Market have lost 4.79%
over the last 12 months. Over the last thirty years, it is up 243%.

The 4th Quarter index value was 1.30 points higher than the 3rd Quarter, 2011
index value of 213.01, resulting in a 0.61% rise in the 4th Quarter for the
Virginia Beach Market.

The Virginia Beach 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 Virginia Beach Real Estate
Market was 25% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Virginia Beach Market was -7% in
the twelve months ended with the 3rd Quarter of 2011.

The highest home appreciation in the Virginia Beach Real Estate Market over a
three year period was 70% in the three years ended with the 2nd Quarter of
2006. The worst home appreciation over a three year period in the Virginia
Beach Market was -14% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Virginia Beach 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 Virginia 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 Virginia 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: Virginia Beach, Virginia

The appreciation of Virginia 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 Virginia Beach-Norfolk-Newport News, VA-NC, hereinafter
referred to as "Virginia Beach".

Last Quarter:
During the 4th Quarter of 2011, Virginia Beach Home Prices had a rank of 135,
with appreciation of 0.61%. 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, Virginia Beach Home Prices had a rank of 291, with
appreciation during the year of -4.79%. 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, Virginia Beach Home
Prices ranked 255, with a total appreciation of -14.6%. 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, Virginia Beach Home
Prices had a rank of 6, with appreciation during the decade of 67%. 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, Virginia Beach Home
Prices had a rank of 46, with total appreciation over the 20 year period of
123%. 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 Virginia Beach 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 Virginia 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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