APRIL2019 Ann Arbor Metro - files.zillowstatic.com · Ann Arbor Home Values Current: $290,500...
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www.zillow.com/research/ APRIL2019 Ann Arbor Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Ann Arbor Home Values Current: $290,500 Monthly Change: -0.3% Quarterly Change: 0.9% Annual Change: 8% Negative Equity*: 3.6% Home Values Forecast (next 12 months) National: 2.8% Ann Arbor Metro: 3.6% Major Cities - Home Values Ann Arbor Current: $382,700 Monthly Change: 0.2% Annual Change: 8.7% Ypsilanti Current: $223,900 Monthly Change: 0.3% Annual Change: 10.8% Saline Current: $282,600 Monthly Change: 0.3% Annual Change: 7.9% Dexter Current: $339,800 Monthly Change: 0.1% Annual Change: 5.2% Whitmore Lake Current: $245,900 Monthly Change: -0.4% Annual Change: 7.2% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 0.9% - 3.1% 3.2% - 5.9% 6.0% - 8.8% 8.9% - 10.8% 10.9% - 13.6% Home Values (ZHVI) Increasing Values: 69.1% Decreasing Values: 22.4% Fall From Peak: -0.3% Peak ZHVI Date: 2019-03 Peak ZHVI: $291,300 Rent Zillow Rent Index: $1,840 Monthly Change: 0.2% Annual Change: -0.9% Rent List Price: $– Rent List/Sq. Ft.: $– Sales Median Sale Price: $– Monthly Change: –% Annual Change: –% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $340,000 Monthly Change: 0.6% Annual Change: 7.9% List Price/Sq. Ft.: $172 Listings with Price Cut: 12.5% Amount of Price Cut: 3.5% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: – Annual Change: – Foreclosure Resales: –% Monthly Change: –pp Annual Change: –pp 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 Ann Arbor Metro - files.zillowstatic.com · Ann Arbor Home Values Current: $290,500...
www.zillow.com/research/
APRIL2019 Ann Arbor Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Ann Arbor Home Values
Current: $290,500Monthly Change: -0.3%Quarterly Change: 0.9%Annual Change: 8%Negative Equity*: 3.6%
Home Values Forecast
(next 12 months)
National: 2.8%Ann Arbor Metro: 3.6%
Major Cities - Home Values
Ann ArborCurrent: $382,700Monthly Change: 0.2%Annual Change: 8.7%
YpsilantiCurrent: $223,900Monthly Change: 0.3%Annual Change: 10.8%
SalineCurrent: $282,600Monthly Change: 0.3%Annual Change: 7.9%
DexterCurrent: $339,800Monthly Change: 0.1%Annual Change: 5.2%
Whitmore LakeCurrent: $245,900Monthly Change: -0.4%Annual Change: 7.2%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year0.9% - 3.1% 3.2% - 5.9% 6.0% - 8.8% 8.9% - 10.8% 10.9% - 13.6%
Home Values (ZHVI)Increasing Values: 69.1%Decreasing Values: 22.4%Fall From Peak: -0.3%Peak ZHVI Date: 2019-03Peak ZHVI: $291,300
RentZillow Rent Index: $1,840
Monthly Change: 0.2%Annual Change: -0.9%
Rent List Price: $–Rent List/Sq. Ft.: $–
SalesMedian Sale Price: $–
Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $340,000
Monthly Change: 0.6%Annual Change: 7.9%
List Price/Sq. Ft.: $172Listings with Price Cut: 12.5%Amount of Price Cut: 3.5%
ForeclosuresHomes Foreclosed: –/10, 000
Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
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
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Ann Arbor 382,700 0.2 1.9 8.7 382,700 2019-04 0 2,150 0 1.1 5.3 4.8 3.3Augusta 1,649 -0.1 -1.4 -5.1 6.2Chelsea 275,500 0.2 1 3.1 275,500 2019-04 0 1,835 -0.2 -1.1 -3.2 2.3 3.7Dexter 339,800 0.1 0.3 5.2 339,800 2019-04 0 1,961 -0.6 -1.2 -0.7 2.1 1.7Manchester 233,600 -1.3 0.1 13.6 236,900 2019-02 -1.4 1,649 -0.5 -2.5 -5.2 4.7 4.5Milan 173,500 0.5 4.3 5.9 173,500 2019-04 0 1,401 -0.4 -0.8 -2.2 5.9 5.7Pittsfield 406,400 -0.3 -0.4 0.9 411,600 2018-07 -1.3 1,932 0.6 0.7 0 -1.1 3.9Saline 282,600 0.3 1.8 7.9 282,600 2019-04 0 1,759 -0.2 -1.4 -0.9 4.8 2.8Superior 217,000 0.5 2.5 8.8 217,000 2019-04 0 1,709 -0.3 -0.2 0.9 5.2 6.7Whitmore Lake 245,900 -0.4 -0.3 7.2 247,300 2019-02 -0.6 1,778 0.1 0.8 5.5 2 3.1Ypsilanti 223,900 0.3 1.4 10.8 223,900 2019-04 0 1,536 -0.3 0.8 0.7 5.3 3.4
Largest Counties Covered by Zillow
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Washtenaw County 290,500 -0.3 0.9 8 291,300 2019-03 -0.3 1,840 0.2 -0.2 -0.9 3.6
