JUNE2018 Tallahassee Metro - zillowstatic · analytics bureau led by Zillow’s Chief Economist Dr....
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www.zillow.com/research/ JUNE2018 Tallahassee Metro National Home Values Current: $217,300 Monthly Change: 0.5% Quarterly Change: 1.8% Annual Change: 8.3% Negative Equity*: 9.1% Tallahassee Home Values Current: $165,400 Monthly Change: 0.3% Quarterly Change: 1.3% Annual Change: 5.5% Negative Equity*: 12% Home Values Forecast (next 12 months) National: 6.6% Tallahassee Metro: 5% Major Cities - Home Values Tallahassee Current: $174,500 Monthly Change: 0.3% Annual Change: 5.5% Quincy Current: $75,000 Monthly Change: 0.5% Annual Change: 2.3% Crawfordville Current: $170,300 Monthly Change: 0.2% Annual Change: 8.9% Havana Current: $161,100 Monthly Change: 0.3% Annual Change: 8.4% Chattahoochee Current: $50,800 Monthly Change: 1.2% Annual Change: 12.6% Esri, HERE, Garmin, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 2.3% 2.4% - 5.5% 5.6% - 8.9% 9.0% - 11.9% 12.0% - 12.6% Home Values (ZHVI) Increasing Values: 73.4% Decreasing Values: 18.9% Fall From Peak: -9.2% Peak ZHVI Date: 2006-09 Peak ZHVI: $182,100 Rent Zillow Rent Index: $1,199 Monthly Change: 0% Annual Change: 2.9% Rent List Price: $1,020 Rent List/Sq. Ft.: $0.9 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: $209,900 Monthly Change: –% Annual Change: –% List Price/Sq. Ft.: $131 Listings with Price Cut: 15.1% Amount of Price Cut: 2.6% 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 2017Q4.
Transcript of JUNE2018 Tallahassee Metro - zillowstatic · analytics bureau led by Zillow’s Chief Economist Dr....
www.zillow.com/research/
JUNE2018 Tallahassee Metro
National Home Values
Current: $217,300Monthly Change: 0.5%Quarterly Change: 1.8%Annual Change: 8.3%Negative Equity*: 9.1%
Tallahassee Home Values
Current: $165,400Monthly Change: 0.3%Quarterly Change: 1.3%Annual Change: 5.5%Negative Equity*: 12%
Home Values Forecast
(next 12 months)
National: 6.6%Tallahassee Metro: 5%
Major Cities - Home Values
TallahasseeCurrent: $174,500Monthly Change: 0.3%Annual Change: 5.5%
QuincyCurrent: $75,000Monthly Change: 0.5%Annual Change: 2.3%
CrawfordvilleCurrent: $170,300Monthly Change: 0.2%Annual Change: 8.9%
HavanaCurrent: $161,100Monthly Change: 0.3%Annual Change: 8.4%
ChattahoocheeCurrent: $50,800Monthly Change: 1.2%Annual Change: 12.6%
Esri, HERE, Garmin, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year2.3% 2.4% - 5.5% 5.6% - 8.9% 9.0% - 11.9% 12.0% - 12.6%
Home Values (ZHVI)Increasing Values: 73.4%Decreasing Values: 18.9%Fall From Peak: -9.2%Peak ZHVI Date: 2006-09Peak ZHVI: $182,100
RentZillow Rent Index: $1,199
Monthly Change: 0%Annual Change: 2.9%
Rent List Price: $1,020Rent List/Sq. Ft.: $0.9
SalesMedian Sale Price: $–
Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $209,900
Monthly Change: –%Annual Change: –%
List Price/Sq. Ft.: $131Listings with Price Cut: 15.1%Amount of Price Cut: 2.6%
ForeclosuresHomes Foreclosed: –/10, 000
Monthly 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 2017Q4.
JUNE2018
*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
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Chattahoochee 50,800 1.2 5.2 12.6 72,300 2007-04 -29.7 908 0.4 1 5.6 13 24.7Crawfordville 170,300 0.2 2.7 8.9 174,800 2006-05 -2.6 1,041 0.3 0.8 5.8 2 6.3Havana 161,100 0.3 1.6 8.4 179,100 2007-04 -10.1 1,201 0 0.1 1.6 5.5 7.8Midway 160,600 1.3 3.9 11.9 160,600 2018-06 0 1,171 0.4 1.5 1.7 8.4 7.2Monticello 1,171 0.3 1.1 3.7 8.4Panacea 243,200 1 4.8 12.6 346,300 2006-07 -29.8 1,433 -0.1 0.4 -1.4 6.9 7.3Quincy 75,000 0.5 2.9 2.3 100,100 2006-12 -25.1 976 0.5 1.7 5.1 6.7 15.7Sopchoppy 111,700 0.4 3.3 11.7 143,800 2006-07 -22.3 899 0.1 -0.3 0.3 8.5 7.9Tallahassee 174,500 0.3 1.4 5.5 193,600 2006-10 -9.9 1,240 0 0.8 3.3 5.5 13.7
Largest Counties Covered by Zillow
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Gadsden 91,600 0.3 1.6 5.8 115,100 2007-01 -20.4 1,033 0.3 1.4 5.2 4.5 12.1Jefferson 1,166 0.3 0.8 3.2 8.9Leon 174,500 0.3 1.5 5.5 193,800 2006-10 -10 1,240 0 0.8 3.3 5.5 12.9Wakulla 165,000 0.1 2.6 8.7 175,400 2006-05 -5.9 1,040 0.5 1.6 7 1.7 6.4
