APRIL2019 Charlotte...
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www.zillow.com/research/ APRIL2019 Charlotte Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Charlotte Home Values Current: $208,500 Monthly Change: 0% Quarterly Change: 0.8% Annual Change: 8.7% Negative Equity*: 6% Home Values Forecast (next 12 months) National: 2.8% Charlotte Metro: 4.4% Major Cities - Home Values Charlotte Current: $224,800 Monthly Change: -0.3% Annual Change: 6.9% Concord Current: $203,400 Monthly Change: 0.7% Annual Change: 11.5% Rock Hill Current: $172,000 Monthly Change: 0% Annual Change: 7.6% Salisbury Current: $147,600 Monthly Change: 0% Annual Change: 13.3% Mooresville Current: $272,200 Monthly Change: -0.3% Annual Change: 3% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -11.3% -11.2% - -3.8% 2.1% - 4.3% 4.4% - 6.3% 6.4% - 8.9% 9.0% - 12.0% 12.1% - 18.9% Home Values (ZHVI) Increasing Values: 73.1% Decreasing Values: 20.4% Fall From Peak: 0% Peak ZHVI Date: 2019-03 Peak ZHVI: $208,600 Rent Zillow Rent Index: $1,346 Monthly Change: 0.3% Annual Change: 4.2% Rent List Price: $1,500 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: $300,000 Monthly Change: 0% Annual Change: 0.3% List Price/Sq. Ft.: $136 Listings with Price Cut: 14.8% 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 Charlotte...
www.zillow.com/research/
APRIL2019 Charlotte Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Charlotte Home Values
Current: $208,500Monthly Change: 0%Quarterly Change: 0.8%Annual Change: 8.7%Negative Equity*: 6%
Home Values Forecast
(next 12 months)
National: 2.8%Charlotte Metro: 4.4%
Major Cities - Home Values
CharlotteCurrent: $224,800Monthly Change: -0.3%Annual Change: 6.9%
ConcordCurrent: $203,400Monthly Change: 0.7%Annual Change: 11.5%
Rock HillCurrent: $172,000Monthly Change: 0%Annual Change: 7.6%
SalisburyCurrent: $147,600Monthly Change: 0%Annual Change: 13.3%
MooresvilleCurrent: $272,200Monthly Change: -0.3%Annual Change: 3%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-11.3% -11.2% - -3.8% 2.1% - 4.3% 4.4% - 6.3% 6.4% - 8.9% 9.0% - 12.0% 12.1% - 18.9%
Home Values (ZHVI)Increasing Values: 73.1%Decreasing Values: 20.4%Fall From Peak: 0%Peak ZHVI Date: 2019-03Peak ZHVI: $208,600
RentZillow Rent Index: $1,346Monthly Change: 0.3%Annual Change: 4.2%
Rent List Price: $1,500Rent 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: $300,000Monthly Change: 0%Annual Change: 0.3%
List Price/Sq. Ft.: $136Listings with Price Cut: 14.8%Amount of Price Cut: 2.2%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Belmont 207,000 -0.1 1.3 11.4 1,319 0.4 1.2 2.2 6 5.2Charlotte 224,800 -0.3 0.2 6.9 1,409 0.4 1 4.2 3.3 6.3Clover 199,500 -0.7 -1.5 7 1,438 -0.2 -0.3 3 2.3 7.4Concord 203,400 0.7 2.4 11.5 1,338 0.5 1.2 4 6.9 4.5Cornelius 298,000 -0.5 -0.3 3.3 1,581 0.4 0.8 1.5 1.4 6.2Fort Mill 290,300 -0.2 0 4.3 1,730 0.3 0.8 9 2.2 5.5Gastonia 149,100 -0.6 0.3 9.7 1,110 0.1 0 7.1 4.1 4.3Huntersville 305,800 -0.2 0.1 2.2 1,641 0.4 0.7 2.2 1.2 5.6Indian Trail 239,700 -0.2 0.7 7.5 1,480 0.3 0.9 2.1 3.3 4.7Kannapolis 142,100 0 1.4 14.6 1,048 0.7 2.5 15.7 8 5.2Lancaster 122,200 -0.8 -0.5 10.8 1,103 -0.9 0.5 6 5.3 14.0Matthews 285,100 -0.2 0 5.4 1,607 0.5 0.7 1.9 2.6 3.4Mint Hill 280,000 -0.3 0.2 4.1 1,547 0.3 0.5 2.2 2.1 4.3Monroe 177,300 -0.4 0.6 9.7 1,267 0.5 1.2 4.3 4.7 5.2Mooresville 272,200 -0.3 0 3 1,525 0.5 1.3 3.5 0.7 4.1Mount Holly 189,000 0 1.5 9.8 1,274 0.4 1 4.6 5.2 3.1Rock Hill 172,000 0 0.8 7.6 1,284 -0.1 0.7 6.6 4.8 7.1Salisbury 147,600 0 1.5 13.3 1,068 1 2.9 12.4 7.4 7.7Statesville 148,700 -0.3 0 6.8 1,068 0.3 0.9 4.2 2.9 5.5York 170,600 -0.1 0.9 7.2 1,289 -0.2 -0.2 3.4 4.6 5.6
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)Cabarrus County 202,300 0.7 2.1 10.8 1,331 0.5 1.2 4.4 6.2Chester County 71,300 -0.7 -0.1 9 2.3Gaston County 156,000 -0.3 1.2 13 1,126 0 -0.3 6 6.6Iredell County 197,400 0.2 0.4 6 1,228 0.2 0.7 3.4 2.5Lancaster County 168,300 -0.1 0.8 5.7 1,285 -0.2 -0.1 7.2 3.1Lincoln County 1,144 0.4 0.4 0.4Mecklenburg County 239,700 -0.2 0.2 5.6 1,446 0.3 0.8 3.7 2.7Rowan County 142,400 0.1 2.1 12.5 1,043 0.9 2.9 12 7.6Union County 236,900 -0.4 0.3 7 1,493 0.2 0.7 2.7 2.9York County 193,100 0.1 0.8 6.4 1,365 0 0.6 3.9 4.4
