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Wenatchee, WA - House Price Index (HPI) - 30 Year Chart
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Wenatchee Real Estate Market
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The House Price Index (HPI) shows changes in Wenatchee, 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.
Wenatchee 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 10425
4th Quarter, 2011 Housing Statistics: Wenatchee, Washington
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 79%
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 Wenatchee housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Wenatchee is 79%. In other words, when tested against
historical data, the forecasting methodology was correct 79% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Wenatchee is 79% 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
Wenatchee Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Wenatchee housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Wenatchee is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Wenatchee is 82% 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 Wenatchee
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Wenatchee, Washington
Historical Home Price Appreciation
Last Quarter -0.70%
Last Year -6.3%
Last 5 Years -7%
Last 10 Years 49%
Last 20 Years 127%
Decline From All Time High 16.88%
Annual Home Price Appreciation Rates
1982 n/a
1983 n/a
1984 7.78%
1985 6.95%
1986 3.74%
1987 -1.30%
1988 -0.26%
1989 4.38%
1990 12.26%
1991 14.78%
1992 10.04%
1993 8.35%
1994 8.13%
1995 8.10%
1996 -0.81%
1997 1.37%
1998 3.87%
1999 -1.95%
2000 1.31%
2001 5.13%
2002 3.45%
2003 1.87%
2004 9.42%
2005 15.14%
2006 21.65%
2007 11.15%
2008 -0.19%
2009 -6.88%
2010 -4.41%
2011 -6.27%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.70% Rank: 324 of 381 (15th Percentile)
Last Year . . . . . . . . . . . . . . . . -6.3% Rank: 331 of 381 (13th Percentile)
Last 5 Years -7% Rank: 198 of 381 (48th Percentile)
Last 10 Years . . . . . . . . . . . . 49% Rank: 32 of 381 (91st Percentile)
Last 20 Years 127% Rank: 34 of 355 (90th Percentile)
Decline From All Time High 16.88%
Home Price appreciation rates for Wenatchee, WA are shown above for five
time periods. For example: Wenatchee appreciated -0.70% in the Last Quarter.
At that rate, the Wenatchee Real Estate Market was ranked 324th out of 381
metropolitan areas for Real Estate Appreciation. Wenatchee was in the 15th
percentile. So Wenatchee, WA performed better in the Last Quarter than 15%
of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Wenatchee, Washington
The all time high in the Wenatchee Home Price Index was 208.1 in the 1st
Quarter, of 2008. The 4th Quarter, 2011 index value was 172.9. That's a
decline of 35.13 points or 16.88% below the Wenatchee Home Price Index all
time high. The Home Price Index indicates that the Wenatchee Market is up
49% over the last 10 years. Home Prices in the Wenatchee Real Estate Market
have lost 6.27% over the last 12 months.
The 4th Quarter index value was 1.22 points lower than the 3rd Quarter, 2011
index value of 174.16, resulting in a 0.70% decline for the 4th Quarter in the
Wenatchee Market.
The Wenatchee Home Price Index has declined for the last 5 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 Wenatchee Real Estate
Market was 22% in the twelve months ended with the 1st Quarter of 2007. The
worst annual home appreciation rate in the Wenatchee Market was -8% in the
twelve months ended with the 1st Quarter of 2010.
The highest home appreciation in the Wenatchee Real Estate Market over a
three year period was 61% in the three years ended with the 2nd Quarter of
2007. The worst home appreciation over a three year period in the Wenatchee
Market was -17% in the three years ended with the 4th Quarter of 2011.
This page provides a long term graph of the Wenatchee Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Wenatchee Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Wenatchee 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 Wenatchee Home
Prices will be at your fingertips when you need them.
Historical data on the Wenatchee Home Price Index is available back to the 4th
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Wenatchee 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 Wenatchee 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: Wenatchee, Washington
The appreciation of Wenatchee 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, Wenatchee Home Prices had a rank of 324,
with appreciation of -0.70%. 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, Wenatchee Home Prices had a rank of 331, with
appreciation during the year of -6.27%. 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, Wenatchee Home Prices
ranked 198, with a total appreciation of -7.4%. 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, Wenatchee Home Prices
had a rank of 32, with appreciation during the decade of 49%. 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, Wenatchee Home Prices
had a rank of 34, with total appreciation over the 20 year period of 127%. 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 Wenatchee Real
Estate Market is available back to the 4th Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Wenatchee. 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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