| __________________________________________ |
| Reno, NV - Home Price Appreciation Rate - 30 Year Graph |
Annual appreciation rates for Reno-Sparks, NV single family home prices are shown in the graph
above. Source: House Price Index (HPI). Updated Tuesday, April 19, 2011. Click the link below for the
Nevada Real Estate Forecast.
above. Source: House Price Index (HPI). Updated Tuesday, April 19, 2011. Click the link below for the
Nevada Real Estate Forecast.
| Reno Home Prices - Appreciation Rate |
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
| Reno Real Estate Index: 30 Year Chart Reno Home Prices: Appreciation Rates Home Values Appreciation Rate - US Cities |
| Nevada Real Estate Forecast Nevada House Price Index: 33 Year Chart NV Home Price Appreciation Rate: 33 Yr. Graph |
| 25% |
| 30% |
| 35% |
| 20% |
| 15% |
| -10% |
| 10% |
| 5% |
| 0% |
| -5% |
| -15% |
| -20% |
Commentary 7680
1st Quarter, 2011 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 1st Quarter of 2011, Reno Home Prices had a rank of 320, with
appreciation of -4.08%. The top performing real estate market during the 1st
Quarter was Mansfield, OH, with appreciation of 2.31%. The worst market
during that period was Boise City, ID, with appreciation of -8.86%.
The median appreciation for all cities during the 1st Quarter was -2.24%. The
average appreciation for all markets during the quarter was -2.29%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 364, with
appreciation during the year of -9.30%. The top performing market during the
last year was Midland, TX, with appreciation of 4.5%. The worst real estate
market during that period was Boise City, ID, with appreciation of -15.2%.
The median appreciation for all markets during this period was -2.13%. The
average appreciation was -2.64%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2011, Reno Home Prices
ranked 371, with a total appreciation of -48.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 42%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -2%. The
average appreciation over the 5 years was -7%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2011, Reno Home Prices had a
rank of 346, with appreciation during the decade of 8%. The top performing
market during the period was Midland, TX, with appreciation of 94%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -26%.
The median appreciation for all markets during the last 10 years was 30%. The
average appreciation for the cities over that time frame was 31%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2011, Reno Home Prices had a
rank of 324, with total appreciation over the 20 year period of 52%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 244%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 90%. The
average appreciation for the markets over that time frame was 94%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 1st Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 6918
4th Quarter, 2010 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 4th Quarter of 2010, Reno Home Prices had a rank of 367, with
appreciation of -2.87%. The top performing real estate market during the 4th
Quarter was Cape Coral, FL, with appreciation of 4.62%. The worst market
during that period was Sebastian, FL, with appreciation of -6.82%.
The median appreciation for all cities during the 4th Quarter was -0.68%. The
average appreciation for all markets during the quarter was -0.69%.
Last Year:
During the last 12 months, Reno Home Prices had the worst performance in the
country, with appreciation during the year of -10.28%. The top performer during
the last year was Bay City, MI, with appreciation of 6.1%.
The median appreciation for all markets during this period was -1.13%. The
average appreciation was -1.71%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2010, Reno Home Prices
ranked 373, with a total appreciation of -45.4%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 44%. The
worst market during that period was Merced, CA, with appreciation of -60%.
The median appreciation for all cities during this time period was 1%. The
average appreciation over the 5 years was -4%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2010, Reno Home Prices had a
rank of 345, with appreciation during the decade of 15%. The top performing
market during the period was Honolulu, HI, with appreciation of 100%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -22%.
The median appreciation for all markets during the last 10 years was 37%. The
average appreciation for the cities over that time frame was 38%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2010, Reno Home Prices had a
rank of 317, with total appreciation over the 20 year period of 61%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 245%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 101%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 4th Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 5775
Part 1: MARKET SUMMARY
3rd Quarter, 2010 Data: Reno, Nevada
Historical Home Price Appreciation
Last Quarter 1.40%
Last Year -10.2%
Last 5 Years -42%
Last 10 Years 19%
Last 20 Years 67%
Decline From All Time High 44.42%
Annual Home Price Appreciation Rates
1980 4.90%
1981 8.25%
1982 1.24%
1983 9.32%
1984 -4.34%
1985 -0.28%
1986 6.39%
1987 0.69%
1988 2.60%
1989 4.32%
1990 4.60%
1991 5.57%
1992 4.31%
1993 3.09%
1994 3.78%
1995 5.35%
1996 1.76%
1997 2.93%
1998 2.78%
1999 0.44%
2000 4.40%
2001 6.77%
2002 8.29%
2003 14.18%
2004 30.64%
2005 21.73%
2006 -2.10%
2007 -9.67%
2008 -17.69%
2009 -16.36%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.40% Rank: 106 of 381 (72nd Percentile)
Last Year . . . . . . . . . . . . . . . . -10.2% Rank: 371 of 381 (2nd Percentile)
Last 5 Years -42% Rank: 370 of 381 (2nd Percentile)
Last 10 Years . . . . . . . . . . . . 19% Rank: 338 of 381 (11th Percentile)
Last 20 Years 67% Rank: 304 of 344 (11th Percentile)
Decline From All Time High 44.42%
Home Price appreciation rates for Reno-Sparks, NV are shown above for five
time periods. For example: Reno appreciated 1.40% in the Last Quarter. At that
rate, the Reno Real Estate Market was ranked 106th out of 381 metropolitan
areas for Real Estate Appreciation. Reno was in the 72nd percentile. So Reno,
NV performed better in the Last Quarter than 72% of the 381 metropolitan
areas covered in ForecastChart.com.
Part 2: MARKET HIGHLIGHTS
3rd Quarter, 2010 Data: Reno, Nevada
The data and analysis on this page pertains to Reno-Sparks, NV, hereinafter
referred to as "Reno". The all time high in the Reno Home Price Index was
251.1 in the 1st Quarter, of 2006. The 3rd Quarter, 2010 index value was
139.5. That's a decline of 111.53 points or 44.42% below the Reno Home Price
Index all time high. The Home Price Index indicates that the Reno Market is up
19% over the last 10 years. Home Prices in the Reno Real Estate Market have
lost 10.18% over the last 12 months. Over the last thirty years, it is up 134%.
The 3rd Quarter index value was 1.92 points higher than the 2nd Quarter, 2010
index value of 137.62, resulting in a 1.40% rise in the 3rd Quarter for the Reno
Market.
The Reno Home Price Index increased in the last quarter after falling in the
previous 17 quarters. The current record holders for consecutive increases in
the Home Price Index are Shreveport, LA; San Jose, CA; Oakland, CA;
Kennewick, WA and Cambridge, MA, with increases in the last 4 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 15 consecutive quarters.
The highest annual home appreciation rate in the Reno Real Estate Market was
33% in the twelve months ended with the 1st Quarter of 2005. The worst annual
home appreciation rate in the Reno Market was -19% in the twelve months
ended with the 1st Quarter of 2010.
The highest home appreciation in the Reno Real Estate Market over a three
year period was 82% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Reno Market was
-41% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Reno Home Price Index (above).
The chart has been updated through the 3rd Quarter of 2010. For more
information about Reno Home Prices, look at the links under that chart. One link
opens a long term chart of historical appreciation rates for the Reno Real
Estate Market. Another opens a forecast for appreciation rates in the state of
Nevada. Just one glance at ForecastChart.com's long term charts can provide
tremendous insight into the historical trends of residential property values.
Bookmark this page! Then ForecastChart.com's detailed research and statistics
about Reno Home Prices will be at your fingertips when you need them.
Historical data on the Reno Home Price Index is available back to the 3rd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Reno 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 is time required to research quarterly sales price and appraisal data
from mortgage transactions in the Reno 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 3: APPRECIATION RATES & RANKINGS
3rd Quarter, 2010 Data: Reno, Nevada
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 3rd Quarter of 2010, Reno Home Prices had a rank of 106, with
appreciation of 1.40%. The top performing real estate market during the 3rd
Quarter was Laredo, TX, with appreciation of 13.94%. The worst market during
that period was Coeur d'Alene, ID, with appreciation of -4.45%.
The median appreciation for all cities during the 3rd Quarter was 0.66%. The
average appreciation for all markets during the quarter was 0.74%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 371, with
appreciation during the year of -10.18%. The top performing market during the
last year was Laredo, TX, with appreciation of 9.5%. The worst real estate
market during that period was Deltona, FL, with appreciation of -15.7%.
The median appreciation for all markets during this period was -1.17%. The
average appreciation was -1.91%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2010, Reno Home Prices
ranked 370, with a total appreciation of -41.8%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 50%. The
worst market during that period was Merced, CA, with appreciation of -58%.
The median appreciation for all cities during this time period was 4%. The
average appreciation over the 5 years was -1%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2010, Reno Home Prices had
a rank of 338, with appreciation during the decade of 19%. The top performing
market during the period was Honolulu, HI, with appreciation of 103%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -21%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 41%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2010, Reno Home Prices had
a rank of 304, with total appreciation over the 20 year period of 67%. The top
performing real estate market during the period was Missoula, MT, with
appreciation of 265%. The worst market during the last 20 years was Merced,
CA, with appreciation of 17%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 3rd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
PART 4: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast. Abbreviations: SSAR (Seasonally Adjusted Annual
Rate), Q1 (First Quarter), Q2 (Second Quarter), etc.
U. S. Home Values (12 Month Appreciation or Depreciation) 0.3% (2011-Q4)
30 Year Mortgage Interest Rate: 4.34% (December, 2011)
15 Year Mortgage Rate: 3.86% (December, 2011)
Adjustable Rate Mortgage Rate: 3.40% (December, 2011)
Housing Starts (SSAR in 1000's): 523 (December, 2011)
Prime Interest Rate: 3.25% (December, 2011)
US unemployment rate (Overall): 9.93% (December, 2011)
US Inflation or Deflation (-): 1.08% (December, 2011)
Crude Oil Prices (Dollars per Barrel): $100.3 (December, 2011)
Natural Gas Prices (Dollars Per Million BTU): $2.90 (December, 2011)
U.S. Dollar Trade Weighted Currency Exchange Index: 104 (December, 2011)
GDP (Gross Domestic Product) SSAR in Trillions: $15.4 (2011-Q3)
GNP (Gross National Product) SSAR in Trillions: $15.3 (2011-Q3)
Federal Surplus or Deficit (-) in Billions: $-1704 (2011)
National Debt (Trillions): $15.0 (2011-Q3)
Fed Funds Rate: 0.19% (December, 2011)
S&P 500 (Standard & Poor's 500 Stock Index): 1191 (December, 2011)
DJIA (Dow Jones Industrial Average): 11102 (December, 2011)
U. S. Exports (SSAR in Billions): $1975 (2011-Q3)
U. S. Imports (SSAR in Billions): $2572 (2011-Q3)
U. S. Personal Savings Rate: 5.80% (December, 2011)
Commentary 5394
2nd Quarter, 2010 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 2nd Quarter of 2010, Reno Home Prices had a rank of 373, with
appreciation of -4.41%. The top performing real estate market during the 2nd
Quarter was Cumberland, MD, with appreciation of 8.36%. The worst market
during that period was Ocala, FL, with appreciation of -9.09%.
The median appreciation for all cities during the 2nd Quarter was -0.47%. The
average appreciation for all markets during the quarter was -0.61%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 377, with
appreciation during the year of -17.31%. The top performing market during the
last year was Lawton, OK, with appreciation of 4.9%. The worst real estate
market during that period was Bend, OR, with appreciation of -18.6%.
The median appreciation for all markets during this period was -3.88%. The
average appreciation was -4.53%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2010, Reno Home Prices
ranked 373, with a total appreciation of -40.4%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 56%. The
worst market during that period was Merced, CA, with appreciation of -57%.
The median appreciation for all cities during this time period was 6%. The
average appreciation over the 5 years was 1%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2010, Reno Home Prices had
a rank of 340, with appreciation during the decade of 19%. The top performing
market during the period was Ocean City, NJ, with appreciation of 108%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -20%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 42%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2010, Reno Home Prices had
a rank of 301, 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 256%. The worst market during the last 20 years was Merced,
CA, with appreciation of 18%.
The median appreciation for all cities during the last 20 years was 98%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 2nd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 4632
1st Quarter, 2010 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 1st Quarter of 2010, Reno Home Prices had a rank of 371, with
appreciation of -5.12%. The top performing real estate market during the 1st
Quarter was Punta Gorda, FL, with appreciation of 2.90%. The worst market
during that period was Gainesville, GA, with appreciation of -7.15%.
The median appreciation for all cities during the 1st Quarter was -1.32%. The
average appreciation for all markets during the quarter was -1.49%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 379, with
appreciation during the year of -19.23%. The top performing market during the
last year was Pine Bluff, AR, with appreciation of 2.5%. The worst real estate
market during that period was Bend, OR, with appreciation of -23.0%.
The median appreciation for all markets during this period was -5.11%. The
average appreciation was -5.97%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2010, Reno Home Prices
ranked 371, with a total appreciation of -33.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 57%. The
worst market during that period was Merced, CA, with appreciation of -49%.
The median appreciation for all cities during this time period was 8%. The
average appreciation over the 5 years was 5%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2010, Reno Home Prices had a
rank of 325, with appreciation during the decade of 25%. The top performing
market during the period was Ocean City, NJ, with appreciation of 111%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -17%.
The median appreciation for all markets during the last 10 years was 44%. The
average appreciation for the cities over that time frame was 45%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2010, Reno Home Prices had a
rank of 281, with total appreciation over the 20 year period of 76%. The top
performing real estate market during the period was Missoula, MT, with
appreciation of 269%. The worst market during the last 20 years was Modesto,
CA, with appreciation of 28%.
The median appreciation for all cities during the last 20 years was 100%. The
average appreciation for the markets over that time frame was 107%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 1st Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 3870
4th Quarter, 2009 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 4th Quarter of 2009, Reno Home Prices had a rank of 342, with
appreciation of -3.14%. The top performing real estate market during the 4th
Quarter was Laredo, TX, with appreciation of 7.71%. The worst market during
that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 379, with
appreciation during the year of -17.66%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, Reno Home Prices
ranked 367, with a total appreciation of -25.6%. The top performing real estate
market during the 5 year period was Odessa, TX, with appreciation of 65%. The
worst market during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, Reno Home Prices had a
rank of 302, with appreciation during the decade of 34%. The top performing
market during the period was Ocean City, NJ, with appreciation of 123%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, Reno Home Prices had a
rank of 246, with total appreciation over the 20 year period of 88%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 269%. The worst market during the last 20 years was Stockton,
CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the Reno Real Estate Market is
available back to the 3rd Quarter, of 1978. The chart has been updated
through the 4th Quarter of 2009. All calculations are based on the quarterly
value of the House Price Index for Reno. 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.)
Commentary 3108
3rd Quarter, 2009 Data: Reno, Nevada
The appreciation of Reno 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to
Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 3rd Quarter of 2009, Reno Home Prices had a rank of 368, with
appreciation of -6.06%. The top performer during the 3rd Quarter was
Hinesville, GA, with appreciation of 7.17%. The worst performer during that
period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all cities during the quarter was -1.74%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 376, with
appreciation during the year of -17.53%. The top performer during the last year
was Wichita Falls, TX, with appreciation of 6.0%. The worst performer during
that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all cities during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, Reno Home Prices
ranked 364, with a total appreciation of -19.2%. The top performer during the 5
year period was Midland, TX, with appreciation of 72%. The worst performer
during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, Reno Home Prices had
a rank of 279, with appreciation during the decade of 39%. The top performer
during the period was Ocean City, NJ, with appreciation of 135%. The worst
performer during the 10 year time period was Detroit, MI, with appreciation of
-10%.
The median appreciation for all cities during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, Reno Home Prices had
a rank of 218, with total appreciation over the 20 year period of 98%. The top
performer during the period was Missoula, MT, with appreciation of 290%. The
worst performer during the last 20 years was Merced, CA, with appreciation of
39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the cities over that time frame was 116%.
Historical data on the Reno Home Price Index is available back to the 3rd
Quarter, of 1978. The chart has been updated through the 3rd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Reno. 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.)
Commentary 1965
2nd Quarter, 2009 Data: Reno, Nevada
The appreciation of Reno 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to
Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 2nd Quarter of 2009, Reno Home Prices had a rank of 369, with
appreciation of -6.21%. The top performer during the 2nd Quarter was Pine
Bluff, AR, with appreciation of 3.15%. The worst performer during that period
was Madera, CA, with appreciation of -10.24%.
The median appreciation for all cities during the 2nd Quarter was -1.74%. The
average appreciation for all cities during the quarter was -2.05%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 362, with
appreciation during the year of -17.43%. The top performer during the last year
was Elmira, NY, with appreciation of 4.5%. The worst performer during that
period was Merced, CA, with appreciation of -27.1%.
The median appreciation for all cities during this period was -1.83%. The
average appreciation was -3.91%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2009, Reno Home Prices
ranked 346, with a total appreciation of -3.3%. The top performer during the 5
year period was Odessa, TX, with appreciation of 74%. The worst performer
during that period was Merced, CA, with appreciation of -36%.
The median appreciation for all cities during this time period was 17%. The
average appreciation over the 5 years was 17%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2009, Reno Home Prices had
a rank of 217, with appreciation during the decade of 49%. The top performer
during the period was Ocean City, NJ, with appreciation of 146%. The worst
performer during the 10 year time period was Detroit, MI, with appreciation of
-2%.
The median appreciation for all cities during the last 10 years was 54%. The
average appreciation for the cities over that time frame was 57%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2009, Reno Home Prices had
a rank of 161, with total appreciation over the 20 year period of 116%. The top
performer during the period was Missoula, MT, with appreciation of 296%. The
worst performer during the last 20 years was Rochester, NY, with appreciation
of 47%.
The median appreciation for all cities during the last 20 years was 115%. The
average appreciation for the cities over that time frame was 126%.
Historical data on the Reno Home Price Index is available back to the 2nd
Quarter, of 1978. The chart has been updated through the 2nd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Reno. 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.)
Commentary 822
1st Quarter, 2009 Data: Reno, Nevada
The appreciation of Reno 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to
Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 1st Quarter of 2009, Reno Home Prices had a rank of 376, with
appreciation of -3.72%. The top performer during the 1st Quarter was Monroe,
MI, with appreciation of 10.96%. The worst performer during that period was
Port St. Lucie, FL, with appreciation of -6.30%.
The median appreciation for all cities during the 1st Quarter was 0.27%. The
average appreciation for all cities during the quarter was 0.41%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 356, with
appreciation during the year of -16.49%. The top performer during the last year
was Elmira, NY, with appreciation of 9.3%. The worst performer during that
period was Merced, CA, with appreciation of -37.8%.
The median appreciation for all cities during this period was -1.04%. The
average appreciation was -3.47%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2009, Reno Home Prices
ranked 301, with a total appreciation of 11.5%. The top performer during the 5
year period was Odessa, TX, with appreciation of 76%. The worst performer
during that period was Merced, CA, with appreciation of -29%.
The median appreciation for all cities during this time period was 22%. The
average appreciation over the 5 years was 23%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2009, Reno Home Prices had a
rank of 176, with appreciation during the decade of 60%. The top performer
during the period was Ocean City, NJ, with appreciation of 162%. The worst
performer during the 10 year time period was Detroit, MI, with appreciation of
6%.
The median appreciation for all cities during the last 10 years was 57%. The
average appreciation for the cities over that time frame was 62%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2009, Reno Home Prices had a
rank of 131, with total appreciation over the 20 year period of 134%. The top
performer during the period was Casper, WY, with appreciation of 327%. The
worst performer during the last 20 years was Rochester, NY, with appreciation
of 49%.
The median appreciation for all cities during the last 20 years was 123%. The
average appreciation for the cities over that time frame was 135%.
Historical data on the Reno Home Price Index is available back to the 1st
Quarter, of 1978. The chart has been updated through the 1st Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
Reno. 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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1st Quarter, 2011 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 1st Quarter of 2011, Reno Home Prices had a rank of 320, with
appreciation of -4.08%. The top performing real estate market during the 1st
Quarter was Mansfield, OH, with appreciation of 2.31%. The worst market
during that period was Boise City, ID, with appreciation of -8.86%.
The median appreciation for all cities during the 1st Quarter was -2.24%. The
average appreciation for all markets during the quarter was -2.29%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 364, with
appreciation during the year of -9.30%. The top performing market during the
last year was Midland, TX, with appreciation of 4.5%. The worst real estate
market during that period was Boise City, ID, with appreciation of -15.2%.
The median appreciation for all markets during this period was -2.13%. The
average appreciation was -2.64%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2011, Reno Home Prices
ranked 371, with a total appreciation of -48.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 42%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -2%. The
average appreciation over the 5 years was -7%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2011, Reno Home Prices had a
rank of 346, with appreciation during the decade of 8%. The top performing
market during the period was Midland, TX, with appreciation of 94%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -26%.
The median appreciation for all markets during the last 10 years was 30%. The
average appreciation for the cities over that time frame was 31%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2011, Reno Home Prices had a
rank of 324, with total appreciation over the 20 year period of 52%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 244%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 90%. The
average appreciation for the markets over that time frame was 94%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 1st Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 6918
4th Quarter, 2010 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 4th Quarter of 2010, Reno Home Prices had a rank of 367, with
appreciation of -2.87%. The top performing real estate market during the 4th
Quarter was Cape Coral, FL, with appreciation of 4.62%. The worst market
during that period was Sebastian, FL, with appreciation of -6.82%.
The median appreciation for all cities during the 4th Quarter was -0.68%. The
average appreciation for all markets during the quarter was -0.69%.
Last Year:
During the last 12 months, Reno Home Prices had the worst performance in the
country, with appreciation during the year of -10.28%. The top performer during
the last year was Bay City, MI, with appreciation of 6.1%.
The median appreciation for all markets during this period was -1.13%. The
average appreciation was -1.71%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2010, Reno Home Prices
ranked 373, with a total appreciation of -45.4%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 44%. The
worst market during that period was Merced, CA, with appreciation of -60%.
The median appreciation for all cities during this time period was 1%. The
average appreciation over the 5 years was -4%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2010, Reno Home Prices had a
rank of 345, with appreciation during the decade of 15%. The top performing
market during the period was Honolulu, HI, with appreciation of 100%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -22%.
The median appreciation for all markets during the last 10 years was 37%. The
average appreciation for the cities over that time frame was 38%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2010, Reno Home Prices had a
rank of 317, with total appreciation over the 20 year period of 61%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 245%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 101%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 4th Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 5775
Part 1: MARKET SUMMARY
3rd Quarter, 2010 Data: Reno, Nevada
Historical Home Price Appreciation
Last Quarter 1.40%
Last Year -10.2%
Last 5 Years -42%
Last 10 Years 19%
Last 20 Years 67%
Decline From All Time High 44.42%
Annual Home Price Appreciation Rates
1980 4.90%
1981 8.25%
1982 1.24%
1983 9.32%
1984 -4.34%
1985 -0.28%
1986 6.39%
1987 0.69%
1988 2.60%
1989 4.32%
1990 4.60%
1991 5.57%
1992 4.31%
1993 3.09%
1994 3.78%
1995 5.35%
1996 1.76%
1997 2.93%
1998 2.78%
1999 0.44%
2000 4.40%
2001 6.77%
2002 8.29%
2003 14.18%
2004 30.64%
2005 21.73%
2006 -2.10%
2007 -9.67%
2008 -17.69%
2009 -16.36%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.40% Rank: 106 of 381 (72nd Percentile)
Last Year . . . . . . . . . . . . . . . . -10.2% Rank: 371 of 381 (2nd Percentile)
Last 5 Years -42% Rank: 370 of 381 (2nd Percentile)
Last 10 Years . . . . . . . . . . . . 19% Rank: 338 of 381 (11th Percentile)
Last 20 Years 67% Rank: 304 of 344 (11th Percentile)
Decline From All Time High 44.42%
Home Price appreciation rates for Reno-Sparks, NV are shown above for five
time periods. For example: Reno appreciated 1.40% in the Last Quarter. At that
rate, the Reno Real Estate Market was ranked 106th out of 381 metropolitan
areas for Real Estate Appreciation. Reno was in the 72nd percentile. So Reno,
NV performed better in the Last Quarter than 72% of the 381 metropolitan
areas covered in ForecastChart.com.
Part 2: MARKET HIGHLIGHTS
3rd Quarter, 2010 Data: Reno, Nevada
The data and analysis on this page pertains to Reno-Sparks, NV, hereinafter
referred to as "Reno". The all time high in the Reno Home Price Index was
251.1 in the 1st Quarter, of 2006. The 3rd Quarter, 2010 index value was
139.5. That's a decline of 111.53 points or 44.42% below the Reno Home Price
Index all time high. The Home Price Index indicates that the Reno Market is up
19% over the last 10 years. Home Prices in the Reno Real Estate Market have
lost 10.18% over the last 12 months. Over the last thirty years, it is up 134%.
The 3rd Quarter index value was 1.92 points higher than the 2nd Quarter, 2010
index value of 137.62, resulting in a 1.40% rise in the 3rd Quarter for the Reno
Market.
The Reno Home Price Index increased in the last quarter after falling in the
previous 17 quarters. The current record holders for consecutive increases in
the Home Price Index are Shreveport, LA; San Jose, CA; Oakland, CA;
Kennewick, WA and Cambridge, MA, with increases in the last 4 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 15 consecutive quarters.
The highest annual home appreciation rate in the Reno Real Estate Market was
33% in the twelve months ended with the 1st Quarter of 2005. The worst annual
home appreciation rate in the Reno Market was -19% in the twelve months
ended with the 1st Quarter of 2010.
The highest home appreciation in the Reno Real Estate Market over a three
year period was 82% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Reno Market was
-41% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Reno Home Price Index (above).
The chart has been updated through the 3rd Quarter of 2010. For more
information about Reno Home Prices, look at the links under that chart. One link
opens a long term chart of historical appreciation rates for the Reno Real
Estate Market. Another opens a forecast for appreciation rates in the state of
Nevada. Just one glance at ForecastChart.com's long term charts can provide
tremendous insight into the historical trends of residential property values.
Bookmark this page! Then ForecastChart.com's detailed research and statistics
about Reno Home Prices will be at your fingertips when you need them.
Historical data on the Reno Home Price Index is available back to the 3rd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Reno 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 is time required to research quarterly sales price and appraisal data
from mortgage transactions in the Reno 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 3: APPRECIATION RATES & RANKINGS
3rd Quarter, 2010 Data: Reno, Nevada
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 3rd Quarter of 2010, Reno Home Prices had a rank of 106, with
appreciation of 1.40%. The top performing real estate market during the 3rd
Quarter was Laredo, TX, with appreciation of 13.94%. The worst market during
that period was Coeur d'Alene, ID, with appreciation of -4.45%.
The median appreciation for all cities during the 3rd Quarter was 0.66%. The
average appreciation for all markets during the quarter was 0.74%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 371, with
appreciation during the year of -10.18%. The top performing market during the
last year was Laredo, TX, with appreciation of 9.5%. The worst real estate
market during that period was Deltona, FL, with appreciation of -15.7%.
The median appreciation for all markets during this period was -1.17%. The
average appreciation was -1.91%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2010, Reno Home Prices
ranked 370, with a total appreciation of -41.8%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 50%. The
worst market during that period was Merced, CA, with appreciation of -58%.
The median appreciation for all cities during this time period was 4%. The
average appreciation over the 5 years was -1%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2010, Reno Home Prices had
a rank of 338, with appreciation during the decade of 19%. The top performing
market during the period was Honolulu, HI, with appreciation of 103%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -21%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 41%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2010, Reno Home Prices had
a rank of 304, with total appreciation over the 20 year period of 67%. The top
performing real estate market during the period was Missoula, MT, with
appreciation of 265%. The worst market during the last 20 years was Merced,
CA, with appreciation of 17%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 3rd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
PART 4: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast. Abbreviations: SSAR (Seasonally Adjusted Annual
Rate), Q1 (First Quarter), Q2 (Second Quarter), etc.
U. S. Home Values (12 Month Appreciation or Depreciation) 0.3% (2011-Q4)
30 Year Mortgage Interest Rate: 4.34% (December, 2011)
15 Year Mortgage Rate: 3.86% (December, 2011)
Adjustable Rate Mortgage Rate: 3.40% (December, 2011)
Housing Starts (SSAR in 1000's): 523 (December, 2011)
Prime Interest Rate: 3.25% (December, 2011)
US unemployment rate (Overall): 9.93% (December, 2011)
US Inflation or Deflation (-): 1.08% (December, 2011)
Crude Oil Prices (Dollars per Barrel): $100.3 (December, 2011)
Natural Gas Prices (Dollars Per Million BTU): $2.90 (December, 2011)
U.S. Dollar Trade Weighted Currency Exchange Index: 104 (December, 2011)
GDP (Gross Domestic Product) SSAR in Trillions: $15.4 (2011-Q3)
GNP (Gross National Product) SSAR in Trillions: $15.3 (2011-Q3)
Federal Surplus or Deficit (-) in Billions: $-1704 (2011)
National Debt (Trillions): $15.0 (2011-Q3)
Fed Funds Rate: 0.19% (December, 2011)
S&P 500 (Standard & Poor's 500 Stock Index): 1191 (December, 2011)
DJIA (Dow Jones Industrial Average): 11102 (December, 2011)
U. S. Exports (SSAR in Billions): $1975 (2011-Q3)
U. S. Imports (SSAR in Billions): $2572 (2011-Q3)
U. S. Personal Savings Rate: 5.80% (December, 2011)
Commentary 5394
2nd Quarter, 2010 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 2nd Quarter of 2010, Reno Home Prices had a rank of 373, with
appreciation of -4.41%. The top performing real estate market during the 2nd
Quarter was Cumberland, MD, with appreciation of 8.36%. The worst market
during that period was Ocala, FL, with appreciation of -9.09%.
The median appreciation for all cities during the 2nd Quarter was -0.47%. The
average appreciation for all markets during the quarter was -0.61%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 377, with
appreciation during the year of -17.31%. The top performing market during the
last year was Lawton, OK, with appreciation of 4.9%. The worst real estate
market during that period was Bend, OR, with appreciation of -18.6%.
The median appreciation for all markets during this period was -3.88%. The
average appreciation was -4.53%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2010, Reno Home Prices
ranked 373, with a total appreciation of -40.4%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 56%. The
worst market during that period was Merced, CA, with appreciation of -57%.
The median appreciation for all cities during this time period was 6%. The
average appreciation over the 5 years was 1%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2010, Reno Home Prices had
a rank of 340, with appreciation during the decade of 19%. The top performing
market during the period was Ocean City, NJ, with appreciation of 108%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -20%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 42%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2010, Reno Home Prices had
a rank of 301, 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 256%. The worst market during the last 20 years was Merced,
CA, with appreciation of 18%.
The median appreciation for all cities during the last 20 years was 98%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 2nd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 4632
1st Quarter, 2010 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 1st Quarter of 2010, Reno Home Prices had a rank of 371, with
appreciation of -5.12%. The top performing real estate market during the 1st
Quarter was Punta Gorda, FL, with appreciation of 2.90%. The worst market
during that period was Gainesville, GA, with appreciation of -7.15%.
The median appreciation for all cities during the 1st Quarter was -1.32%. The
average appreciation for all markets during the quarter was -1.49%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 379, with
appreciation during the year of -19.23%. The top performing market during the
last year was Pine Bluff, AR, with appreciation of 2.5%. The worst real estate
market during that period was Bend, OR, with appreciation of -23.0%.
The median appreciation for all markets during this period was -5.11%. The
average appreciation was -5.97%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2010, Reno Home Prices
ranked 371, with a total appreciation of -33.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 57%. The
worst market during that period was Merced, CA, with appreciation of -49%.
The median appreciation for all cities during this time period was 8%. The
average appreciation over the 5 years was 5%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2010, Reno Home Prices had a
rank of 325, with appreciation during the decade of 25%. The top performing
market during the period was Ocean City, NJ, with appreciation of 111%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -17%.
The median appreciation for all markets during the last 10 years was 44%. The
average appreciation for the cities over that time frame was 45%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2010, Reno Home Prices had a
rank of 281, with total appreciation over the 20 year period of 76%. The top
performing real estate market during the period was Missoula, MT, with
appreciation of 269%. The worst market during the last 20 years was Modesto,
CA, with appreciation of 28%.
The median appreciation for all cities during the last 20 years was 100%. The
average appreciation for the markets over that time frame was 107%.
Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. The chart has been
updated through the 1st Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Reno. 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.)
Commentary 3870
4th Quarter, 2009 Data: Reno, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Reno 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 Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 4th Quarter of 2009, Reno Home Prices had a rank of 342, with
appreciation of -3.14%. The top performing real estate market during the 4th
Quarter was Laredo, TX, with appreciation of 7.71%. The worst market during
that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 379, with
appreciation during the year of -17.66%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, Reno Home Prices
ranked 367, with a total appreciation of -25.6%. The top performing real estate
market during the 5 year period was Odessa, TX, with appreciation of 65%. The
worst market during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, Reno Home Prices had a
rank of 302, with appreciation during the decade of 34%. The top performing
market during the period was Ocean City, NJ, with appreciation of 123%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, Reno Home Prices had a
rank of 246, with total appreciation over the 20 year period of 88%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 269%. The worst market during the last 20 years was Stockton,
CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the Reno Real Estate Market is
available back to the 3rd Quarter, of 1978. The chart has been updated
through the 4th Quarter of 2009. All calculations are based on the quarterly
value of the House Price Index for Reno. 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.)
Commentary 3108
3rd Quarter, 2009 Data: Reno, Nevada
The appreciation of Reno 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to
Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 3rd Quarter of 2009, Reno Home Prices had a rank of 368, with
appreciation of -6.06%. The top performer during the 3rd Quarter was
Hinesville, GA, with appreciation of 7.17%. The worst performer during that
period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all cities during the quarter was -1.74%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 376, with
appreciation during the year of -17.53%. The top performer during the last year
was Wichita Falls, TX, with appreciation of 6.0%. The worst performer during
that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all cities during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, Reno Home Prices
ranked 364, with a total appreciation of -19.2%. The top performer during the 5
year period was Midland, TX, with appreciation of 72%. The worst performer
during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, Reno Home Prices had
a rank of 279, with appreciation during the decade of 39%. The top performer
during the period was Ocean City, NJ, with appreciation of 135%. The worst
performer during the 10 year time period was Detroit, MI, with appreciation of
-10%.
The median appreciation for all cities during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, Reno Home Prices had
a rank of 218, with total appreciation over the 20 year period of 98%. The top
performer during the period was Missoula, MT, with appreciation of 290%. The
worst performer during the last 20 years was Merced, CA, with appreciation of
39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the cities over that time frame was 116%.
Historical data on the Reno Home Price Index is available back to the 3rd
Quarter, of 1978. The chart has been updated through the 3rd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Reno. 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.)
Commentary 1965
2nd Quarter, 2009 Data: Reno, Nevada
The appreciation of Reno 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to
Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 2nd Quarter of 2009, Reno Home Prices had a rank of 369, with
appreciation of -6.21%. The top performer during the 2nd Quarter was Pine
Bluff, AR, with appreciation of 3.15%. The worst performer during that period
was Madera, CA, with appreciation of -10.24%.
The median appreciation for all cities during the 2nd Quarter was -1.74%. The
average appreciation for all cities during the quarter was -2.05%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 362, with
appreciation during the year of -17.43%. The top performer during the last year
was Elmira, NY, with appreciation of 4.5%. The worst performer during that
period was Merced, CA, with appreciation of -27.1%.
The median appreciation for all cities during this period was -1.83%. The
average appreciation was -3.91%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2009, Reno Home Prices
ranked 346, with a total appreciation of -3.3%. The top performer during the 5
year period was Odessa, TX, with appreciation of 74%. The worst performer
during that period was Merced, CA, with appreciation of -36%.
The median appreciation for all cities during this time period was 17%. The
average appreciation over the 5 years was 17%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2009, Reno Home Prices had
a rank of 217, with appreciation during the decade of 49%. The top performer
during the period was Ocean City, NJ, with appreciation of 146%. The worst
performer during the 10 year time period was Detroit, MI, with appreciation of
-2%.
The median appreciation for all cities during the last 10 years was 54%. The
average appreciation for the cities over that time frame was 57%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2009, Reno Home Prices had
a rank of 161, with total appreciation over the 20 year period of 116%. The top
performer during the period was Missoula, MT, with appreciation of 296%. The
worst performer during the last 20 years was Rochester, NY, with appreciation
of 47%.
The median appreciation for all cities during the last 20 years was 115%. The
average appreciation for the cities over that time frame was 126%.
Historical data on the Reno Home Price Index is available back to the 2nd
Quarter, of 1978. The chart has been updated through the 2nd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Reno. 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.)
Commentary 822
1st Quarter, 2009 Data: Reno, Nevada
The appreciation of Reno 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to
Reno-Sparks, NV, hereinafter referred to as "Reno".
Last Quarter:
During the 1st Quarter of 2009, Reno Home Prices had a rank of 376, with
appreciation of -3.72%. The top performer during the 1st Quarter was Monroe,
MI, with appreciation of 10.96%. The worst performer during that period was
Port St. Lucie, FL, with appreciation of -6.30%.
The median appreciation for all cities during the 1st Quarter was 0.27%. The
average appreciation for all cities during the quarter was 0.41%.
Last Year:
During the last 12 months, Reno Home Prices had a rank of 356, with
appreciation during the year of -16.49%. The top performer during the last year
was Elmira, NY, with appreciation of 9.3%. The worst performer during that
period was Merced, CA, with appreciation of -37.8%.
The median appreciation for all cities during this period was -1.04%. The
average appreciation was -3.47%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2009, Reno Home Prices
ranked 301, with a total appreciation of 11.5%. The top performer during the 5
year period was Odessa, TX, with appreciation of 76%. The worst performer
during that period was Merced, CA, with appreciation of -29%.
The median appreciation for all cities during this time period was 22%. The
average appreciation over the 5 years was 23%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2009, Reno Home Prices had a
rank of 176, with appreciation during the decade of 60%. The top performer
during the period was Ocean City, NJ, with appreciation of 162%. The worst
performer during the 10 year time period was Detroit, MI, with appreciation of
6%.
The median appreciation for all cities during the last 10 years was 57%. The
average appreciation for the cities over that time frame was 62%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2009, Reno Home Prices had a
rank of 131, with total appreciation over the 20 year period of 134%. The top
performer during the period was Casper, WY, with appreciation of 327%. The
worst performer during the last 20 years was Rochester, NY, with appreciation
of 49%.
The median appreciation for all cities during the last 20 years was 123%. The
average appreciation for the cities over that time frame was 135%.
Historical data on the Reno Home Price Index is available back to the 1st
Quarter, of 1978. The chart has been updated through the 1st Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
Reno. 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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