APRIL2019 Tampa Metrofiles.zillowstatic.com/.../realestate/ZHVI.Tampa.395148.pdf · 2020-04-23 ·...

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www.zillow.com/research/ APRIL2019 Tampa Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Tampa Home Values Current: $213,800 Monthly Change: -0.4% Quarterly Change: -0.1% Annual Change: 5.7% Negative Equity*: 5.9% Home Values Forecast (next 12 months) National: 2.8% Tampa Metro: 2.1% Major Cities - Home Values Tampa Current: $221,100 Monthly Change: -1% Annual Change: 5.5% Saint Petersburg Current: $216,400 Monthly Change: -1.1% Annual Change: 3.6% Clearwater Current: $209,800 Monthly Change: -0.5% Annual Change: 5.1% New Port Richey Current: $168,200 Monthly Change: -0.4% Annual Change: 6% Riverview Current: $221,600 Monthly Change: -0.1% Annual Change: 4.3% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -0.6% -0.5% - 0.0% 1.0% - 3.0% 3.1% - 4.6% 4.7% - 6.8% 6.9% - 13.4% 13.5% - 22.8% Home Values (ZHVI) Increasing Values: 73.8% Decreasing Values: 19.1% Fall From Peak: -4.3% Peak ZHVI Date: 2006-08 Peak ZHVI: $223,500 Rent Zillow Rent Index: $1,446 Monthly Change: 0.3% Annual Change: 4.8% Rent List Price: $1,580 Rent List/Sq. Ft.: $1.1 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: $265,000 Monthly Change: 2% Annual Change: 4.3% List Price/Sq. Ft.: $146 Listings with Price Cut: 21.4% Amount of Price Cut: 2.2% 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 Tampa Metrofiles.zillowstatic.com/.../realestate/ZHVI.Tampa.395148.pdf · 2020-04-23 ·...

Page 1: APRIL2019 Tampa Metrofiles.zillowstatic.com/.../realestate/ZHVI.Tampa.395148.pdf · 2020-04-23 · How do we track home values? To track home values, we use the Zillow Home Value

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APRIL2019 Tampa Metro

National Home Values

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

Tampa Home Values

Current: $213,800Monthly Change: -0.4%Quarterly Change: -0.1%Annual Change: 5.7%Negative Equity*: 5.9%

Home Values Forecast

(next 12 months)

National: 2.8%Tampa Metro: 2.1%

Major Cities - Home Values

TampaCurrent: $221,100Monthly Change: -1%Annual Change: 5.5%

Saint PetersburgCurrent: $216,400Monthly Change: -1.1%Annual Change: 3.6%

ClearwaterCurrent: $209,800Monthly Change: -0.5%Annual Change: 5.1%

New Port RicheyCurrent: $168,200Monthly Change: -0.4%Annual Change: 6%

RiverviewCurrent: $221,600Monthly Change: -0.1%Annual Change: 4.3%

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

City ZHVI Year-over-Year-0.6% -0.5% - 0.0% 1.0% - 3.0% 3.1% - 4.6% 4.7% - 6.8% 6.9% - 13.4% 13.5% - 22.8%

Home Values (ZHVI)Increasing Values: 73.8%Decreasing Values: 19.1%Fall From Peak: -4.3%Peak ZHVI Date: 2006-08Peak ZHVI: $223,500

RentZillow Rent Index: $1,446Monthly Change: 0.3%Annual Change: 4.8%

Rent List Price: $1,580Rent List/Sq. Ft.: $1.1

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

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

ListingsMedian List Price: $265,000Monthly Change: 2%Annual Change: 4.3%

List Price/Sq. Ft.: $146Listings with Price Cut: 21.4%Amount of Price Cut: 2.2%

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 Tampa Metrofiles.zillowstatic.com/.../realestate/ZHVI.Tampa.395148.pdf · 2020-04-23 · How do we track home values? To track home values, we use the Zillow Home Value

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(%

)

Brandon 211,000 -0.8 -0.6 5.6 1,478 0.3 1.1 5.4 1.4 5.8Clearwater 209,800 -0.5 -0.7 5.1 1,503 0.5 1 4.1 1.2 4.8Hudson 168,100 -0.4 0.2 4.9 1,309 0.4 1 5 2 6.8Land O Lakes 255,500 -0.2 0.2 4 1,634 0.5 0.8 4.6 1.8 5.8Largo 194,000 -0.4 -0.7 4.9 1,372 0.4 1.4 3.8 1.6 4.4Lutz 283,300 -0.3 0 3.8 1,701 0.5 1.1 3.5 1.6 5.0New Port Richey 168,200 -0.4 0.5 6 1,290 0.4 1.3 5.2 3 6.4Palm Harbor 270,300 0.1 0.3 4 1,653 0.3 0.4 4.1 2 3.8Pinellas Park 174,700 -0.9 -1.4 4.9 1,356 0.4 0.9 4.6 0.5 5.9Plant City 189,700 -0.2 0.6 5.8 1,399 0.1 1.1 6.6 2.9 5.4Port Richey 111,900 -1.3 -2.4 5.4 1,065 0.6 1.2 6.1 0.3 9.3Riverview 221,600 -0.1 0.2 4.3 1,504 0.3 0.8 4.6 2 7.2Saint Petersburg 216,400 -1.1 -2.2 3.6 1,428 0.6 1.6 5.9 -0.4 4.7Seminole 234,300 -0.5 -0.6 2.9 1,562 0.5 1 4.4 0.6 3.2Spring Hill 164,500 0 1 8.8 1,263 0.6 1.3 5.6 4.5 6.2Tampa 221,100 -1 -0.4 5.5 1,428 0.4 1.3 6.2 1.6 7.5Town ’n’ Country 208,800 -0.3 -0.2 6.8 1,434 0.1 0.9 3.9 2.2 4.9Valrico 259,600 -0.4 0.2 6.2 1,643 0.5 1 3.9 2.7 5.4Wesley Chapel 243,000 -0.1 0.4 3.2 1,582 0.4 1 3.1 1.5 5.8Zephyrhills 150,900 -0.6 0 5.8 1,151 0.3 1.1 5 2.2 0.0

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)Hernando County 169,100 -0.1 0.9 9.3 1,268 0.6 1.3 4.9 4.8Hillsborough County 222,100 -0.4 0.1 5 1,471 0.3 1.2 5.2 2.1Pasco County 180,200 -0.2 0.3 4.6 1,338 0.3 1.1 4.4 2Pinellas County 228,600 -0.5 -0.9 4.1 1,484 0.6 1.6 3.7 0.8