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West Palm Beach, FL - House Price Index (HPI) - 30 Year Chart
West Palm Beach Real Estate Market
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1000
The House Price Index (HPI) shows changes in West Palm Beach-Boca Raton-Boynton Beach, FL
single family home prices in logarithmic scale. The March, 1995 index value equals 100.  Updated
March 28, 2012. Real estate forecasts, analysis and appreciation rates are provided below.
West Palm Beach RE Index: 30 Year Chart
Home Values Appreciation Rate - US Cities
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West Palm Beach Real Estate Market: Trend & Analysis
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Commentary  10426
4th Quarter, 2011 Housing Statistics: West Palm Beach, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      80%

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 West Palm Beach housing market for
the 12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of
the Trend Forecast for West Palm Beach is 80%. In other words, when tested
against historical data, the forecasting methodology was correct 80% of the
time. Accordingly, Forecast-Chart.com estimates that the probability for falling
house prices in West Palm Beach is 80% 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 West Palm Beach Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      84%

The forecast for the trend in the West Palm Beach housing market for the 3
years ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for West Palm Beach is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in West Palm Beach is 84% 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 West Palm Beach Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: West Palm Beach, Florida


Historical Home Price Appreciation
Last Quarter                         -1.19%
Last Year                              -7.5%
Last 5 Years                         -46%
Last 10 Years                       18%
Last 20 Years                       70%
Decline From All Time High   46.74%


Annual Home Price Appreciation Rates
1982      -0.06%
1983      2.29%
1984      0.85%
1985      0.28%
1986      4.37%
1987      5.23%
1988      6.69%
1989      4.21%
1990      -1.18%
1991      1.61%
1992      0.96%
1993      0.69%
1994      -0.51%
1995      3.03%
1996      0.79%
1997      3.48%
1998      4.83%
1999      4.34%
2000      9.04%
2001      11.18%
2002      13.32%
2003      15.24%
2004      24.73%
2005      27.54%
2006      5.63%
2007      -13.13%
2008      -23.16%
2009      -9.75%
2010      -3.47%
2011      -7.52%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.19%        Rank: 340 of 381 (10th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -7.5%          Rank: 350 of 381 (8th Percentile)
Last 5 Years                              -46%           Rank: 357 of 381 (6th Percentile)
Last 10 Years  . . . . . . . . . . . .   18%            Rank: 257 of 381 (32nd Percentile)
Last 20 Years                            70%            Rank: 254 of 355 (28th Percentile)
Decline From All Time High        46.74%

Home Price appreciation rates for West Palm Beach-Boca Raton-Boynton
Beach, FL are shown above for five time periods. For example: West Palm
Beach appreciated -1.19% in the Last Quarter. At that rate, the West Palm
Beach Real Estate Market was ranked 340th out of 381 metropolitan areas for
Real Estate Appreciation. West Palm Beach was in the 10th percentile. So West
Palm Beach, FL performed better in the Last Quarter than 10% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: West Palm Beach, Florida

The data and analysis on this page pertains to West Palm Beach-Boca
Raton-Boynton Beach, FL, hereinafter referred to as "West Palm Beach". The
all time high in the West Palm Beach Home Price Index was 317.1 in the 2nd
Quarter, of 2006. The 4th Quarter, 2011 index value was 168.9. That's a
decline of 148.22 points or 46.74% below the West Palm Beach Home Price
Index all time high.  The Home Price Index indicates that the West Palm Beach
Market is up 18% over the last 10 years. Home Prices in the West Palm Beach
Real Estate Market have lost 7.52% over the last 12 months. Over the last thirty
years, it is up 116%.

The 4th Quarter index value was 2.03 points lower than the 3rd Quarter, 2011
index value of 170.92, resulting in a 1.19% decline for the 4th Quarter in the
West Palm Beach Market.

The West Palm Beach Home Price Index declined in the last quarter after
increasing in the previous quarter. 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 West Palm Beach Real
Estate Market was 30% in the twelve months ended with the 2nd Quarter of
2005. The worst annual home appreciation rate in the West Palm Beach Market
was -24% in the twelve months ended with the 3rd Quarter of 2008.

The highest home appreciation in the West Palm Beach Real Estate Market
over a three year period was 87% in the three years ended with the 1st Quarter
of 2006. The worst home appreciation over a three year period in the West
Palm Beach Market was -40% in the three years ended with the 4th Quarter of
2009.

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

Historical data on the West Palm Beach Home Price Index is available back to
the 2nd Quarter, of 1978. All calculations are based on the quarterly value of
the House Price Index for the West Palm 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 West Palm 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: West Palm Beach, Florida

The appreciation of West Palm 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 West Palm Beach-Boca Raton-Boynton Beach, FL, hereinafter
referred to as "West Palm Beach".

Last Quarter:
During the 4th Quarter of 2011, West Palm Beach Home Prices had a rank of
340, with appreciation of -1.19%. 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, West Palm Beach Home Prices had a rank of 350,
with appreciation during the year of -7.52%. 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, West Palm Beach Home
Prices ranked 357, with a total appreciation of -46.2%. 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, West Palm Beach Home
Prices had a rank of 257, with appreciation during the decade of 18%. 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, West Palm Beach Home
Prices had a rank of 254, with total appreciation over the 20 year period of
70%. 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 West Palm Beach Real
Estate Market is available back to the 2nd Quarter, of 1978. The chart has
been updated through the 4th Quarter of 2011. All calculations are based on
the quarterly value of the House Price Index for West Palm 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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