APRIL2019 Sacramento Metrofiles.zillowstatic.com/research/public/realestate/ZHVI... ·...

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www.zillow.com/research/ APRIL2019 Sacramento Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Sacramento Home Values Current: $411,500 Monthly Change: 0% Quarterly Change: 0.5% Annual Change: 3.7% Negative Equity*: 4.7% Home Values Forecast (next 12 months) National: 2.8% Sacramento Metro: 1.8% Major Cities - Home Values Sacramento Current: $326,900 Monthly Change: 0.1% Annual Change: 4.3% Elk Grove Current: $437,700 Monthly Change: -0.1% Annual Change: 3.2% Roseville Current: $460,800 Monthly Change: 0% Annual Change: 3% Arden-Arcade Current: $370,900 Monthly Change: -0.1% Annual Change: 3.6% Citrus Heights Current: $338,800 Monthly Change: 0% Annual Change: 4.3% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -3.2% -3.1% - -1.3% -1.2% - -0.6% 0.1% - 2.3% 2.4% - 4.5% 4.6% - 6.7% 6.8% - 10.6% 10.7% - 14.0% Home Values (ZHVI) Increasing Values: 64.9% Decreasing Values: 23.2% Fall From Peak: -2.8% Peak ZHVI Date: 2005-12 Peak ZHVI: $423,300 Rent Zillow Rent Index: $1,919 Monthly Change: 0.2% Annual Change: 4.2% Rent List Price: $1,900 Rent List/Sq. Ft.: $1.3 Sales Median Sale Price: $396,600 Monthly Change: 0.9% Annual Change: 1.2% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: Sold for a Loss/Gain: –%/–% Listings Median List Price: $449,500 Monthly Change: 1.7% Annual Change: 4.6% List Price/Sq. Ft.: $245 Listings with Price Cut: 14.1% Amount of Price Cut: 2.2% 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 Sacramento Metrofiles.zillowstatic.com/research/public/realestate/ZHVI... ·...

Page 1: APRIL2019 Sacramento Metrofiles.zillowstatic.com/research/public/realestate/ZHVI... · 2020-04-23 · data and research covering more than 450 markets at Zillow Real Estate Research.

www.zillow.com/research/

APRIL2019 Sacramento Metro

National Home Values

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

Sacramento Home Values

Current: $411,500Monthly Change: 0%Quarterly Change: 0.5%Annual Change: 3.7%Negative Equity*: 4.7%

Home Values Forecast

(next 12 months)

National: 2.8%Sacramento Metro: 1.8%

Major Cities - Home Values

SacramentoCurrent: $326,900Monthly Change: 0.1%Annual Change: 4.3%

Elk GroveCurrent: $437,700Monthly Change: -0.1%Annual Change: 3.2%

RosevilleCurrent: $460,800Monthly Change: 0%Annual Change: 3%

Arden-ArcadeCurrent: $370,900Monthly Change: -0.1%Annual Change: 3.6%

Citrus HeightsCurrent: $338,800Monthly Change: 0%Annual Change: 4.3%

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

City ZHVI Year-over-Year-3.2% -3.1% - -1.3% -1.2% - -0.6% 0.1% - 2.3% 2.4% - 4.5% 4.6% - 6.7% 6.8% - 10.6% 10.7% - 14.0%

Home Values (ZHVI)Increasing Values: 64.9%Decreasing Values: 23.2%Fall From Peak: -2.8%Peak ZHVI Date: 2005-12Peak ZHVI: $423,300

RentZillow Rent Index: $1,919Monthly Change: 0.2%Annual Change: 4.2%

Rent List Price: $1,900Rent List/Sq. Ft.: $1.3

SalesMedian Sale Price: $396,600Monthly Change: 0.9%Annual Change: 1.2%

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

ListingsMedian List Price: $449,500Monthly Change: 1.7%Annual Change: 4.6%

List Price/Sq. Ft.: $245Listings with Price Cut: 14.1%Amount of Price Cut: 2.2%

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.

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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(%

)

Arden-Arcade 370,900 -0.1 -0.1 3.6 1,778 0.3 1.1 5.3 0.9 4.9Auburn 468,800 0.2 1.3 5.9 2,071 0.4 0.9 0.9 3.7 2.9Carmichael 412,500 0 -0.2 3.4 1,899 0.2 0.9 3.8 0.7 3.5Citrus Heights 338,800 0 0.8 4.3 1,737 0.1 0.9 5.7 2.1 5.0Davis 684,100 -0.1 0.3 4.4 2,506 0.4 0.4 -1.4 2 3.5El Dorado Hills 664,100 -0.5 0.5 4.5 2,796 0.2 0.4 2.2 2.2 3.6Elk Grove 437,700 -0.1 0.4 3.2 2,012 0.4 0.9 2.5 1.2 5.4Fair Oaks 452,100 -0.2 0 3.6 2,037 0.2 0.8 5 0.9 3.8Folsom 557,000 -0.1 0.4 5.1 2,340 0.1 0.4 5 2.2 4.2Galt 366,900 -0.3 0.1 4.2 1,774 0.3 0.9 4.5 1.4 3.5Lincoln 472,500 -0.3 0 3.1 2,181 0.4 1.3 3.5 1.4 2.4Orangevale 397,600 0.1 0.9 6.3 1,862 0.4 1 3.3 2.9 4.2Placerville 430,200 -0.4 0.5 7.6 1,846 0.3 0.4 5.5 3.8 4.2Rancho Cordova 351,400 -0.2 -0.4 4.3 1,814 0.4 1.2 4.3 1.3 5.2Rocklin 502,100 0 0.3 5.7 2,279 0.4 1.2 3.9 2.8 3.2Roseville 460,800 0 -0.1 3 2,162 0.5 1.1 3.3 1.2 3.7Sacramento 326,900 0.1 0.7 4.3 1,706 0.4 1 4.8 1.9 5.6Shingle Springs 511,800 -0.4 0.5 5.8 2,247 0.7 2.1 9.3 2.8 3.0West Sacramento 378,500 0.2 0.9 5.1 1,884 0.3 0.7 5.1 3 5.8Woodland 392,200 0.3 1.2 6.7 1,891 0.2 0.8 6.1 4.5 4.7

Largest Counties Covered by Zillow

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eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

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Peak(%

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Rents-ZRI($)

ZRIMoM

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ZRIQoQ

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ForecastYoY

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NegativeEquity(%

)El Dorado County 491,900 -0.6 1.1 6.6 2,161 0.4 1.4 7.7 3.6Placer County 499,500 0.1 0.3 4.6 2,220 0.4 1.2 3.2 2.3Sacramento County 369,400 -0.1 0.3 4.1 1,786 0.3 1.2 5.2 1.5Yolo County 450,800 0 0.4 5.5 2,106 0 0.5 5.6 2.9