APRIL2019 Charleston Metro · data and research covering more than 450 markets at Zillow Real...
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www.zillow.com/research/ APRIL2019 Charleston Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Charleston Home Values Current: $89,600 Monthly Change: -0.2% Quarterly Change: -0.1% Annual Change: -3.3% Negative Equity*: 15.3% Home Values Forecast (next 12 months) National: 2.8% Charleston Metro: -2.3% Major Cities - Home Values Charleston Current: $108,300 Monthly Change: -0.2% Annual Change: -5.3% South Charleston Current: $105,700 Monthly Change: -0.1% Annual Change: -0.1% Elkview Current: $111,600 Monthly Change: -0.4% Annual Change: -0.3% Cross Lanes Current: $124,800 Monthly Change: -0.5% Annual Change: -1.3% Dunbar Current: $80,600 Monthly Change: -0.7% Annual Change: -1.8% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -8.4% - -7.5% -7.4% - -4.1% -4.0% - -1.3% -1.2% - -0.1% 0.4% 0.5% - 2.2% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -5.5% Peak ZHVI Date: 2017-06 Peak ZHVI: $94,800 Rent Zillow Rent Index: $836 Monthly Change: -0.6% Annual Change: -4.5% Rent List Price: $800 Rent List/Sq. Ft.: $0.8 Sales Median Sale Price: $113,900 Monthly Change: 3.8% Annual Change: -5.5% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $139,900 Monthly Change: 3.6% Annual Change: 3.6% List Price/Sq. Ft.: $89 Listings with Price Cut: 16.1% Amount of Price Cut: 4.3% 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 Charleston Metro · data and research covering more than 450 markets at Zillow Real...
www.zillow.com/research/
APRIL2019 Charleston Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Charleston Home Values
Current: $89,600Monthly Change: -0.2%Quarterly Change: -0.1%Annual Change: -3.3%Negative Equity*: 15.3%
Home Values Forecast
(next 12 months)
National: 2.8%Charleston Metro: -2.3%
Major Cities - Home Values
CharlestonCurrent: $108,300Monthly Change: -0.2%Annual Change: -5.3%
South CharlestonCurrent: $105,700Monthly Change: -0.1%Annual Change: -0.1%
ElkviewCurrent: $111,600Monthly Change: -0.4%Annual Change: -0.3%
Cross LanesCurrent: $124,800Monthly Change: -0.5%Annual Change: -1.3%
DunbarCurrent: $80,600Monthly Change: -0.7%Annual Change: -1.8%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-8.4% - -7.5% -7.4% - -4.1% -4.0% - -1.3% -1.2% - -0.1% 0.4% 0.5% - 2.2%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -5.5%Peak ZHVI Date: 2017-06Peak ZHVI: $94,800
RentZillow Rent Index: $836Monthly Change: -0.6%Annual Change: -4.5%
Rent List Price: $800Rent List/Sq. Ft.: $0.8
SalesMedian Sale Price: $113,900Monthly Change: 3.8%Annual Change: -5.5%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $139,900Monthly Change: 3.6%Annual Change: 3.6%
List Price/Sq. Ft.: $89Listings with Price Cut: 16.1%Amount of Price Cut: 4.3%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Alum Creek 69,500 -0.7 -2.3 -8.4 88,700 2017-04 -21.6 821 -0.2 -0.7 -1 -5.7 0Belle 69,300 -1.6 -3.3 0.4 89,300 2016-05 -22.4 -4 23.4Cedar Grove 796 -1.2 -2.1 3Charleston 108,300 -0.2 0.5 -5.3 118,500 2016-05 -8.6 858 -0.6 -1.6 -3.5 -3.1 13.5Clendenin 69,100 0.3 -0.6 -7.5 77,800 2017-06 -11.2 822 -0.4 -0.5 -6.1 -2.8 32.4Coal Fork 65,300 -3.5 -6.8 -0.6 70,400 2018-11 -7.2 -8 17Cross Lanes 124,800 -0.5 -0.4 -1.3 128,100 2017-10 -2.6 953 0 -0.3 0.4 -0.9 13.1Dunbar 80,600 -0.7 -0.4 -1.8 85,900 2017-05 -6.2 822 -0.8 -2.1 -6.4 -1.8 16.1East Bank 793 -1.4 -2.3 1.9Elkview 111,600 -0.4 0.5 -0.3 117,900 2016-04 -5.3 846 -0.7 -1.1 -5.1 -0.1 13.3Eskdale 781 -1.9 -3.5 -0.1Marmet 64,200 -1.2 -2 2.2 78,200 2017-01 -17.9 813 -0.5 -0.4 6.7 -3.6Nitro 78,600 -0.1 -0.6 -4.1 84,800 2017-05 -7.3 838 -0.7 -1.5 -5.2 -3.3 16.6Saint Albans 94,300 -0.4 -0.1 -3 99,000 2017-09 -4.7 849 -0.6 -2.1 -5.8 -1.7 14Sissonville 108,800 0 1.4 -1.9 117,000 2016-04 -7 849 -0.7 -1.8 -4.4 -0.4 22.4South Charleston 105,700 -0.1 0.2 -0.1 110,200 2017-07 -4.1 870 -0.2 -1 -2.9 0 11.1Upper Falls 104,100 -0.5 0.3 -2.5 114,600 2016-06 -9.2 847 -0.1 -0.7 -1.1 -0.5 5.3
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Kanawha County 94,100 -0.3 -0.4 -5.7 101,200 2017-06 -7 841 -0.5 -1.1 -4.5 -3.2
