APRIL2019 Punta Gorda Metro...APRIL2019 Punta Gorda Metro National Home Values Current: $226,800...

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www.zillow.com/research/ APRIL2019 Punta Gorda Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Punta Gorda Home Values Current: $210,600 Monthly Change: -0.6% Quarterly Change: -0.2% Annual Change: 8.1% Negative Equity*: 5.6% Home Values Forecast (next 12 months) National: 2.8% Punta Gorda Metro: 2.5% Major Cities - Home Values Port Charlotte Current: $179,100 Monthly Change: -0.3% Annual Change: 8.3% Punta Gorda Current: $236,000 Monthly Change: -0.2% Annual Change: 5.8% Englewood Current: $227,900 Monthly Change: -0.3% Annual Change: 3.5% Rotonda West Current: $255,100 Monthly Change: -0.5% Annual Change: 1.8% Placida Current: $365,100 Monthly Change: -0.2% Annual Change: 5% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 1.8% 1.9% - 3.5% 3.6% - 5.0% 5.1% - 5.8% 5.9% - 8.3% Home Values (ZHVI) Increasing Values: 51.6% Decreasing Values: 39.2% Fall From Peak: -11.9% Peak ZHVI Date: 2006-03 Peak ZHVI: $239,100 Rent Zillow Rent Index: $1,718 Monthly Change: -0.3% Annual Change: -0.5% Rent List Price: $1,800 Rent List/Sq. Ft.: $1.3 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: $259,900 Monthly Change: 0.2% Annual Change: 4% List Price/Sq. Ft.: $153 Listings with Price Cut: 22% Amount of Price Cut: 2.8% 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 Punta Gorda Metro...APRIL2019 Punta Gorda Metro National Home Values Current: $226,800...

Page 1: APRIL2019 Punta Gorda Metro...APRIL2019 Punta Gorda Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*:

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APRIL2019 Punta Gorda Metro

National Home Values

Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%

Punta Gorda Home Values

Current: $210,600Monthly Change: -0.6%Quarterly Change: -0.2%Annual Change: 8.1%Negative Equity*: 5.6%

Home Values Forecast

(next 12 months)

National: 2.8%Punta Gorda Metro: 2.5%

Major Cities - Home Values

Port CharlotteCurrent: $179,100Monthly Change: -0.3%Annual Change: 8.3%

Punta GordaCurrent: $236,000Monthly Change: -0.2%Annual Change: 5.8%

EnglewoodCurrent: $227,900Monthly Change: -0.3%Annual Change: 3.5%

Rotonda WestCurrent: $255,100Monthly Change: -0.5%Annual Change: 1.8%

PlacidaCurrent: $365,100Monthly Change: -0.2%Annual Change: 5%

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year1.8% 1.9% - 3.5% 3.6% - 5.0% 5.1% - 5.8% 5.9% - 8.3%

Home Values (ZHVI)Increasing Values: 51.6%Decreasing Values: 39.2%Fall From Peak: -11.9%Peak ZHVI Date: 2006-03Peak ZHVI: $239,100

RentZillow Rent Index: $1,718Monthly Change: -0.3%Annual Change: -0.5%

Rent List Price: $1,800Rent List/Sq. Ft.: $1.3

SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $259,900Monthly Change: 0.2%Annual Change: 4%

List Price/Sq. Ft.: $153Listings with Price Cut: 22%Amount of Price Cut: 2.8%

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.

Page 2: APRIL2019 Punta Gorda Metro...APRIL2019 Punta Gorda Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*:

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.

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Largest Cities Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)

Englewood 227,900 -0.3 -0.2 3.5 270,300 2006-02 -15.7 2,022 -0.1 2.3 -2.7 0.5 5.5Placida 365,100 -0.2 0.6 5 499,000 2005-11 -26.8 1.6Port Charlotte 179,100 -0.3 0.9 8.3 199,600 2006-07 -10.3 1,494 0.1 0.4 0 3.7 5.6Punta Gorda 236,000 -0.2 0.3 5.8 283,700 2006-01 -16.8 1.8 5.7Rotonda West 255,100 -0.5 0.3 1.8 314,700 2006-05 -18.9 0.8 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(%

)

Charlotte County 210,600 -0.6 -0.2 8.1 239,100 2006-03 -11.9 1,718 -0.3 0.2 -0.5 2.5