APRIL2019 Las Vegas Metro · 2020-04-23 · APRIL2019 Las Vegas Metro National Home Values Current:...
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www.zillow.com/research/ APRIL2019 Las Vegas Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Las Vegas Home Values Current: $279,900 Monthly Change: -0.2% Quarterly Change: 0.1% Annual Change: 9% Negative Equity*: 7.1% Home Values Forecast (next 12 months) National: 2.8% Las Vegas Metro: 3.3% Major Cities - Home Values Las Vegas Current: $275,500 Monthly Change: -0.3% Annual Change: 9.4% Henderson Current: $329,800 Monthly Change: -0.4% Annual Change: 8% North Las Vegas Current: $261,500 Monthly Change: -0.2% Annual Change: 11.6% Mesquite Current: $254,900 Monthly Change: 0.1% Annual Change: 9.7% Boulder City Current: $320,200 Monthly Change: -1.2% Annual Change: 6.7% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 3.4% 3.5% - 4.6% 4.7% - 6.7% 6.8% - 9.7% 9.8% - 11.6% Home Values (ZHVI) Increasing Values: 89.2% Decreasing Values: 7.6% Fall From Peak: -11.6% Peak ZHVI Date: 2006-06 Peak ZHVI: $316,800 Rent Zillow Rent Index: $1,402 Monthly Change: 0.4% Annual Change: 7.8% Rent List Price: $1,520 Rent List/Sq. Ft.: $1 Sales Median Sale Price: $271,100 Monthly Change: -1.5% Annual Change: 6.9% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $304,900 Monthly Change: 1.6% Annual Change: 2% List Price/Sq. Ft.: $169 Listings with Price Cut: 22.9% Amount of Price Cut: 1.8% 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 Las Vegas Metro · 2020-04-23 · APRIL2019 Las Vegas Metro National Home Values Current:...
www.zillow.com/research/
APRIL2019 Las Vegas Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Las Vegas Home Values
Current: $279,900Monthly Change: -0.2%Quarterly Change: 0.1%Annual Change: 9%Negative Equity*: 7.1%
Home Values Forecast
(next 12 months)
National: 2.8%Las Vegas Metro: 3.3%
Major Cities - Home Values
Las VegasCurrent: $275,500Monthly Change: -0.3%Annual Change: 9.4%
HendersonCurrent: $329,800Monthly Change: -0.4%Annual Change: 8%
North Las VegasCurrent: $261,500Monthly Change: -0.2%Annual Change: 11.6%
MesquiteCurrent: $254,900Monthly Change: 0.1%Annual Change: 9.7%
Boulder CityCurrent: $320,200Monthly Change: -1.2%Annual Change: 6.7%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year3.4% 3.5% - 4.6% 4.7% - 6.7% 6.8% - 9.7% 9.8% - 11.6%
Home Values (ZHVI)Increasing Values: 89.2%Decreasing Values: 7.6%Fall From Peak: -11.6%Peak ZHVI Date: 2006-06Peak ZHVI: $316,800
RentZillow Rent Index: $1,402Monthly Change: 0.4%Annual Change: 7.8%
Rent List Price: $1,520Rent List/Sq. Ft.: $1
SalesMedian Sale Price: $271,100Monthly Change: -1.5%Annual Change: 6.9%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $304,900Monthly Change: 1.6%Annual Change: 2%
List Price/Sq. Ft.: $169Listings with Price Cut: 22.9%Amount of Price Cut: 1.8%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Boulder City 320,200 -1.2 -1.4 6.7 1,463 0.5 2.1 8.1 0.9 9.3Henderson 329,800 -0.4 0 8 1,541 0.5 1.9 7.1 2.8 6.3Jean 1,349 0.5 1.4 7.3Las Vegas 275,500 -0.3 0.1 9.4 1,387 0.6 1.8 7.4 3.4 7.2Laughlin 150,400 0.6 1.9 4.6 1,188 -0.2 0.6 6.9 2.7 9.5Logandale 320,700 -0.2 1.2 5.6 1,533 0.1 0.8 8.6 2.8Mesquite 254,900 0.1 1.3 9.7 1,320 0.7 1.5 5.1 5 5.8Mount Charleston 407,000 -0.8 -1.8 3.4 0.1 11.8North Las Vegas 261,500 -0.2 0.7 11.6 1,365 0.7 1.9 9.1 5 8.2Overton 289,800 -0.4 -0.7 4.4 1,266 0.3 1.2 4.2 1.3
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Clark County 279,900 -0.2 0.1 9 1,402 0.4 1.6 7.8 3.3
