APRIL2019 San Diego Metro -...
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www.zillow.com/research/ APRIL2019 San Diego Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% San Diego Home Values Current: $590,700 Monthly Change: -0.1% Quarterly Change: -0.4% Annual Change: 1.2% Negative Equity*: 5% Home Values Forecast (next 12 months) National: 2.8% San Diego Metro: -0.3% Major Cities - Home Values San Diego Current: $633,600 Monthly Change: 0% Annual Change: 1.7% Chula Vista Current: $537,000 Monthly Change: -0.1% Annual Change: 1% Oceanside Current: $532,700 Monthly Change: -0.1% Annual Change: 0.3% Escondido Current: $518,900 Monthly Change: -0.2% Annual Change: 1.4% El Cajon Current: $513,400 Monthly Change: -0.2% Annual Change: 1.9% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -5.3% -5.2% - -2.8% -2.7% - -1.0% -0.9% - -0.3% 0.0% - 0.3% 0.4% - 1.0% 1.1% - 1.5% 1.6% - 2.3% 2.4% - 7.1% Home Values (ZHVI) Increasing Values: 49.8% Decreasing Values: 36.4% Fall From Peak: -0.6% Peak ZHVI Date: 2018-12 Peak ZHVI: $594,300 Rent Zillow Rent Index: $2,650 Monthly Change: 0.1% Annual Change: 4.3% Rent List Price: $2,750 Rent List/Sq. Ft.: $2.2 Sales Median Sale Price: $558,000 Monthly Change: 0.7% Annual Change: 0.7% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $650,000 Monthly Change: 0.8% Annual Change: 5% List Price/Sq. Ft.: $381 Listings with Price Cut: 17.3% 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 San Diego Metro -...
www.zillow.com/research/
APRIL2019 San Diego Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
San Diego Home Values
Current: $590,700Monthly Change: -0.1%Quarterly Change: -0.4%Annual Change: 1.2%Negative Equity*: 5%
Home Values Forecast
(next 12 months)
National: 2.8%San Diego Metro: -0.3%
Major Cities - Home Values
San DiegoCurrent: $633,600Monthly Change: 0%Annual Change: 1.7%
Chula VistaCurrent: $537,000Monthly Change: -0.1%Annual Change: 1%
OceansideCurrent: $532,700Monthly Change: -0.1%Annual Change: 0.3%
EscondidoCurrent: $518,900Monthly Change: -0.2%Annual Change: 1.4%
El CajonCurrent: $513,400Monthly Change: -0.2%Annual Change: 1.9%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-5.3% -5.2% - -2.8% -2.7% - -1.0% -0.9% - -0.3% 0.0% - 0.3% 0.4% - 1.0% 1.1% - 1.5% 1.6% - 2.3% 2.4% - 7.1%
Home Values (ZHVI)Increasing Values: 49.8%Decreasing Values: 36.4%Fall From Peak: -0.6%Peak ZHVI Date: 2018-12Peak ZHVI: $594,300
RentZillow Rent Index: $2,650Monthly Change: 0.1%Annual Change: 4.3%
Rent List Price: $2,750Rent List/Sq. Ft.: $2.2
SalesMedian Sale Price: $558,000Monthly Change: 0.7%Annual Change: 0.7%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $650,000Monthly Change: 0.8%Annual Change: 5%
List Price/Sq. Ft.: $381Listings with Price Cut: 17.3%Amount of Price Cut: 2.2%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: 0%Monthly Change: 0ppAnnual Change: 0pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
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Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Carlsbad 861,100 -0.2 -0.4 1.5 3,375 0.2 0.5 3.9 -0.3 3.6Chula Vista 537,000 -0.1 -0.4 1 2,566 0.2 0.8 3.6 -0.4 6.0Coronado 1,794,400 -0.3 0.3 0.6 6,075 1 2.7 -0.3 0 2.5El Cajon 513,400 -0.2 -0.2 1.9 2,516 0.1 0.4 3.5 0.2 5.1Encinitas 1,082,100 0.5 2.1 7.1 3,781 0.9 2.1 6.9 3.8 2.6Escondido 518,900 -0.2 -0.6 1.4 2,481 0 0.3 3.5 -0.4 5.3Fallbrook 579,600 -0.1 -0.3 0.8 2,665 0 0.3 0.9 -0.3 5.5Imperial Beach 601,900 -0.1 -0.6 1.2 2,507 0 1 3.7 -0.3 9.6La Mesa 570,600 -0.2 -0.9 0 2,582 0 0.5 4.1 -1.2 5.2Lakeside 520,600 -0.2 -0.4 0.8 2,533 0 0.2 3.7 -0.3 3.9Lemon Grove 462,200 -0.1 0 1.4 2,425 0.2 0.7 4.6 0.3 4.1National City 432,900 0 0.6 3.5 2,307 0.1 0.7 5.1 2.1 5.9Oceanside 532,700 -0.1 -0.5 0.3 2,526 0.2 0.5 3.3 -0.7 5.6Poway 737,400 0.2 0.1 1.3 2,973 0.4 1 2.9 0.1 2.5Ramona 525,400 0 -1 -1.6 2,605 -0.4 0 4.9 -2 4.9San Diego 633,600 0 -0.1 1.7 2,686 0.1 0.8 4.5 0.2 5.0San Marcos 595,400 -0.5 -0.8 1.9 2,684 0.2 0.7 3.4 -0.4 4.0Santee 518,000 -0.2 -0.7 1.4 2,499 0.1 0.4 4.2 -0.4 3.8Spring Valley 472,400 -0.2 -0.2 1 2,450 0.2 0.6 4.4 -0.1 6.3Vista 541,000 -0.2 -0.5 0.7 2,547 0.1 0.2 2.5 -0.5 4.7
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)San Diego County 590,700 -0.1 -0.4 1.2 2,650 0.1 0.6 4.3 -0.3
