• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
(239) 472-1950 Login
Sanibel Real Estate Guide Logo

Sanibel Real Estate Guide

Find your Sanibel Home and Learn About Life on Our Island

  • Find Your Home
    • Real Estate Search
    • Island Condo Guide
    • Sanibel Map Search
  • Island Info
    • Island Living
    • Real Estate News
    • Sanibel & Captiva Market Report
    • Owning Vacation Rentals
    • Retiring On Sanibel
    • Sanibel New Resident Guide
  • About
    • Who We Are
  • Contact Us
  • Show Search
Hide Search
Home/Real Estate News/Home Prices Now Compared To Pre-Crash Peak

Home Prices Now Compared To Pre-Crash Peak

Real estate prices have certainly increased since the crash in 2009. But the real estate recovery is significantly different depending on where the property is located. Remember, all real estate is local! That said, Freddie Mac publishes a House Price Index  that we have analyzed by state to reveal the number of states whose home price index has superseded the pre-2008 peak, versus the number of states that are still below the pre-crash peak and those that are right at the peak point.

As you can see, just about half of the states’ home prices are above and half are below where they were before the crash. The chart below breaks out the percentage amount that each state is either above or below compared to their pre-2008 peak.

Pre-Crash-Peak1

Florida, Arizona, Nevada and Connecticut have the furthest distance to go to reach their pre-2008 peak. Each of these states’ home price index is at least 18% below where it was before the crash. On the opposite end, Texas, Colorado, North Dakota and the District of Columbia have the highest percentage above their pre-2008 peak point. Each of these areas’ home price index is at least 34% above where they were before the crash.

With that said, Florida is in the Top 5 States that have the highest Annual House Price Appreciation Percentage. The list below includes the states that have seen the largest percent change in home prices during the past year.

Biggest Home Price Gains June 2015 to June 2016

  1. Oregon (12.7%)
  2. Washington (12.4%)
  3. Colorado (10.9%)
  4. Florida (10.7%)
  5. Nevada (9.9%)

Below, the graph shows home values in the state of Florida are steadily climbing back from the market lows in 2012. While the annual increase is consistent, statewide, we have not reached the prices of 10 years ago.

Pre-Crash-Peak2

I found these charts and graphs on the turn around very interesting, but hey, I’m a numbers guy! It’s important to keep in mind that a number of variables go into these statistics. For example, some states might not have been as drastically effected by the crash as other states, therefore, having less of a gap to close in the turn around.

So, while these charts are great to get an overview of the market happenings, remember that each state, and even different areas within each state has experienced a different scenario over the past ten years. All in all, I’m excited to see where the market will lead us over the next year.

Written by: Jim McCallion

Tagged With: economy, market stats, pricing Filed Under: Market Update, Real Estate News

About Jim McCallion

Meet the "Marketing Megaphone" and Webmaster behind McCallion & McCallion. After selling his software company, Jim, Susan and kids moved to Sanibel in 2008. With his tech experience, he and Susan bring a fresh approach to island real estate.

Primary Sidebar

Recent Sanibel Real Estate News

downsize sanibel

Is It Time To Downsize?…

Junonia shells on Sanibel

Sanibel Island Resident Finds 9 Junonia Shells!…

Hurricane damaged homes sanibel island

Hurricane-Damaged Homes on Sanibel, What Buyers Need To Know…

When Life Gives You Hurricanes – Grow Tomatoes…

Sanibel Landscaper

Read This Before Hiring a Sanibel Landscaper…

Tax Relief Hurricane Ian

Tax Relief for Hurricane Ian Victims…

New Captiva and Sanibel Real Estate Listings

View recent Captiva and Sanibel listings...

Sanibel Real Estate Listings

Sanibel Homes for sale

  • All Sanibel Homes for Sale
  • Sanibel Beachfront homes
  • Sanibel Bayfront homes
  • Sanibel Gulf Access homes
  • Sanibel Water View homes
  • Sanibel Elevated homes
  • Sanibel Golf Community homes

Sanibel Homes by Price

  • under $1,000,000
  • $1,000,000 - $1,500,000
  • $1,500,000 - $2,000,000
  • $2,000,000 - $3,000,000
  • $3,000,000 and up

Sanibel Condos for sale

  • --> See our full Sanibel Condo Guide
  • Sanibel Beachfront condos
  • Sanibel Bayfront condos
  • Sanibel Pet Friendly condos
  • Sanibel Boat Dock condos
  • Sanibel Condo Directory

Captiva Homes for Sale

  • Captiva Beachfront homes
  • Captiva Bayfront homes
  • Captiva Gulf Front condos
  • Captiva Bay View condos
  • under $4,000,000
  • $4,000,000 and up

Explore more

McCallion & McCallion Realty Logo

McCallion & McCallion Realty
1640 Periwinkle Way, Suite 1
Sanibel Island, Florida 33957
(239) 472-1950

  • email us
  • facebook
  • instagram
  • pinterest
McCallion & McCallion Realty Logo
(239) 472-1950 email us facebook instagram pinterest
Copyright © · Susan McCallion · Broker · McCallion & McCallion · Sanibel Real Estate · Listings · Sitemap