APRIL2019 Anchorage Metro...Survey, which asks more than 100 leading economists, real estate experts...
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www.zillow.com/research/ APRIL2019 Anchorage Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Anchorage Home Values Current: $324,100 Monthly Change: 1% Quarterly Change: 0.9% Annual Change: 1.4% Negative Equity*: 7.6% Home Values Forecast (next 12 months) National: 2.8% Anchorage Metro: 0.5% Major Cities - Home Values Anchorage Current: $336,700 Monthly Change: 1.1% Annual Change: 0.1% Palmer Current: $277,500 Monthly Change: 0.3% Annual Change: 6.6% Knik-Fairview Current: $274,500 Monthly Change: 0% Annual Change: 8.9% Meadow Lakes Current: $250,700 Monthly Change: 0.4% Annual Change: 11.9% Wasilla Current: $267,200 Monthly Change: 0.2% Annual Change: 13.6% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 0.1% 0.2% - 6.6% 6.7% - 8.7% 8.8% - 8.9% 9.0% - 13.6% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -0.6% Peak ZHVI Date: 2018-11 Peak ZHVI: $326,200 Rent Zillow Rent Index: $1,753 Monthly Change: 0.3% Annual Change: 1.2% Rent List Price: $1,700 Rent List/Sq. Ft.: $1.2 Sales Median Sale Price: $311,700 Monthly Change: 6.1% Annual Change: 18.7% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $309,200 Monthly Change: 3.1% Annual Change: 3.4% List Price/Sq. Ft.: $170 Listings with Price Cut: 16.2% Amount of Price Cut: 2.1% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: – Annual Change: – Foreclosure Resales: 0% Monthly Change: 0pp Annual Change: 0pp How do we track home values? To track home values, we use the Zillow Home Value Index (ZHVI). The ZHVI is the mid-point of estimated home values for the area. Half the estimated home values are above this number and half are below. * Negative equity data is from 2018Q2.
Transcript of APRIL2019 Anchorage Metro...Survey, which asks more than 100 leading economists, real estate experts...
www.zillow.com/research/
APRIL2019 Anchorage Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Anchorage Home Values
Current: $324,100Monthly Change: 1%Quarterly Change: 0.9%Annual Change: 1.4%Negative Equity*: 7.6%
Home Values Forecast
(next 12 months)
National: 2.8%Anchorage Metro: 0.5%
Major Cities - Home Values
AnchorageCurrent: $336,700Monthly Change: 1.1%Annual Change: 0.1%
PalmerCurrent: $277,500Monthly Change: 0.3%Annual Change: 6.6%
Knik-FairviewCurrent: $274,500Monthly Change: 0%Annual Change: 8.9%
Meadow LakesCurrent: $250,700Monthly Change: 0.4%Annual Change: 11.9%
WasillaCurrent: $267,200Monthly Change: 0.2%Annual Change: 13.6%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year0.1% 0.2% - 6.6% 6.7% - 8.7% 8.8% - 8.9% 9.0% - 13.6%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -0.6%Peak ZHVI Date: 2018-11Peak ZHVI: $326,200
RentZillow Rent Index: $1,753Monthly Change: 0.3%Annual Change: 1.2%
Rent List Price: $1,700Rent List/Sq. Ft.: $1.2
SalesMedian Sale Price: $311,700Monthly Change: 6.1%Annual Change: 18.7%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $309,200Monthly Change: 3.1%Annual Change: 3.4%
List Price/Sq. Ft.: $170Listings with Price Cut: 16.2%Amount of Price Cut: 2.1%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: 0%Monthly Change: 0ppAnnual Change: 0pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Anchorage 336,700 1.1 0.9 0.1 341,100 2016-08 -1.3 1,817 0.3 0.8 1.7 -0.2 7.8Knik-Fairview 274,500 0 -0.3 8.9 276,700 2018-12 -0.8 1,520 0.3 -0.5 -3.7 3.3Lakes 290,400 0.2 -0.9 8.7 295,500 2018-12 -1.7 1,566 0.8 0.3 0.7 2.8Meadow Lakes 250,700 0.4 0 11.9 251,500 2018-12 -0.3 1,423 0.4 0.1 -1.8 5.1Palmer 277,500 0.3 -0.3 6.6 280,600 2018-12 -1.1 1,531 0.5 0.3 -0.6 1.8 6.7Tanaina 263,000 -0.2 -2.3 8.9 272,300 2018-12 -3.4 1,511 0.5 0.3 0.9 1.6 7.2Wasilla 267,200 0.2 -1 13.6 271,600 2018-12 -1.6 1,444 0.6 0.6 -0.3 5.9
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Anchorage Borough 336,700 1.1 0.9 0.1 341,100 2016-08 -1.3 1,817 0.3 0.8 1.7 -0.2Matanuska Susitna Bor-ough
272,700 0.1 -0.7 8.6 276,600 2018-12 -1.4 1,509 0.5 0.1 -0.5 2.7
