Augusta, GA - House Price Index (HPI)
Augusta Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Augusta-Richmond County, GA-SC single family
home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts,
analysis, statistics and appreciation rates are provided below.
10
Augusta Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2509.56
3rd Quarter, 2018 Housing Statistics: Augusta, Georgia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

LittleBigHomes.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 Augusta housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Augusta is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Augusta is 82% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Augusta Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Augusta housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Augusta is 81%. In other words, when tested against historical data, the
forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Augusta is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Augusta Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Augusta, Georgia


Historical Home Price Appreciation
Last Quarter                                     -0.07%
Last Year . . . . . . . . . . . . . . . . . . . .  5.1%
Last 5 Years                                     20%
Last 10 Years . . . . . . . . . . . . . . . . . 5%
Last 20 Years                                   63%
Decline From All Time High               0.07%


Annual Home Price Appreciation Rates
1988      -0.14%
1989      2.76%
1990      1.66%
1991      4.91%
1992      3.52%
1993      2.71%
1994      -0.53%
1995      2.23%
1996      0.57%
1997      4.44%
1998      2.71%
1999      0.69%
2000      3.94%
2001      5.40%
2002      3.20%
2003      4.00%
2004      5.91%
2005      8.74%
2006      7.66%
2007      4.82%
2008      -1.20%
2009      -2.37%
2010      -2.36%
2011      -4.73%
2012      -1.61%
2013      -1.96%
2014      2.17%
2015      2.57%
2016      5.43%
2017      3.64%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.07%        Rank: 317 of 381 (16th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.1%           Rank: 241 of 381 (36th Percentile)
Last 5 Years                              20%            Rank: 230 of 381 (39th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 307 of 381 (19th Percentile)
Last 20 Years                            63%            Rank: 267 of 379 (29th Percentile)
Decline From All Time High        0.07%

The change in home prices for Augusta-Richmond County, GA-SC are shown
above for five time periods. For example: Augusta appreciated -0.07% in the
Last Quarter. At that rate, the Augusta Real Estate Market was ranked 317th
out of 381 metropolitan Real Estate Markets. Augusta was in the 16th
percentile. So Augusta, GA performed better in the Last Quarter than 16% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Augusta, Georgia

The data and analysis on this page pertains to Augusta-Richmond County,
GA-SC, hereinafter referred to as "Augusta". The all time high in the Augusta
Home Price Index was 182.3 in the 2nd Quarter, of 2018. The 3rd Quarter,
2018 index value was 182.1. That's a decline of 0.13 points or 0.07% below the
Augusta Home Price Index all time high.  The Home Price Index indicates that
the Augusta Market is up 5% over the last 10 years. Home prices in the
Augusta Real Estate Market have gained 5.05% over the last 12 months. Over
the last thirty years, it is up 108%.

The 3rd Quarter index value was 0.13 points lower than the 2nd Quarter, 2018
index value of 182.25, resulting in a 0.07% decline for the 3rd Quarter in the
Augusta Market.

The Augusta Home Price Index declined in the last quarter after increasing in
the previous 2 quarters. The current record holders for consecutive declines in
the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL; Great Falls,
MT and Fayetteville, NC, with declines in the last 2 consecutive quarters. The
current record holders for consecutive increases in the Home Price Index are
Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 29
consecutive quarters.

The highest annual change in the value of houses in the Augusta Real Estate
Market was 17% in the twelve months ended with the 1st Quarter of 1982. The
worst annual change in home values  in the Augusta Market was -12% in the
twelve months ended with the 2nd Quarter of 1981.

The highest growth in home values in the Augusta Real Estate Market over a
three year period was 25% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Augusta Market
was -13% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Augusta Home Price Index
(above). For information about Georgia home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Augusta Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Augusta 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 Augusta 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
3rd Quarter, 2018 Housing Data: Augusta, Georgia

The trend of Augusta 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 Augusta-Richmond County, GA-SC, hereinafter referred to as "Augusta".

Last Quarter:
During the 3rd Quarter of 2018, Augusta Home Prices had a rank of 317, with
appreciation of -0.07%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Augusta Home Prices had a rank of 241, with
appreciation during the year of 5.05%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Augusta Home Prices
ranked 230, with a total appreciation of 20.4%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Augusta Home Prices
had a rank of 307, with appreciation during the decade of 5%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Augusta Home Prices
had a rank of 267, with total growth over the 20 year period of 63%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Augusta Real Estate
Market is available back to the 4th Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for Augusta. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Thursday, December 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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