APRIL2019 Lafayette Metro
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www.zillow.com/research/ APRIL2019 Lafayette Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Lafayette Home Values Current: $134,100 Monthly Change: -0.4% Quarterly Change: -1.5% Annual Change: -2.3% Negative Equity*: 14.3% Home Values Forecast (next 12 months) National: 2.8% Lafayette Metro: -3.1% Major Cities - Home Values Lafayette Current: $157,500 Monthly Change: -0.2% Annual Change: -2.6% Abbeville Current: $70,600 Monthly Change: -0.8% Annual Change: -5.5% Youngsville Current: $198,100 Monthly Change: -1% Annual Change: -1.4% Crowley Current: $80,100 Monthly Change: -0.4% Annual Change: 2.2% Rayne Current: $109,500 Monthly Change: -0.1% Annual Change: 0.6% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -6.4% - -5.5% -5.4% - -2.6% -2.5% - -1.9% -1.8% - -1.0% 0.6% 0.7% - 1.6% 1.7% - 2.2% 2.3% - 8.4% 8.5% - 12.8% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -3.1% Peak ZHVI Date: 2018-07 Peak ZHVI: $138,400 Rent Zillow Rent Index: $1,144 Monthly Change: -0.4% Annual Change: -1.7% Rent List Price: $1,200 Rent List/Sq. Ft.: $– 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: $197,000 Monthly Change: 0% Annual Change: -3.9% List Price/Sq. Ft.: $111 Listings with Price Cut: 18.1% Amount of Price Cut: 2.8% 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 Lafayette Metro
www.zillow.com/research/
APRIL2019 Lafayette Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Lafayette Home Values
Current: $134,100Monthly Change: -0.4%Quarterly Change: -1.5%Annual Change: -2.3%Negative Equity*: 14.3%
Home Values Forecast
(next 12 months)
National: 2.8%Lafayette Metro: -3.1%
Major Cities - Home Values
LafayetteCurrent: $157,500Monthly Change: -0.2%Annual Change: -2.6%
AbbevilleCurrent: $70,600Monthly Change: -0.8%Annual Change: -5.5%
YoungsvilleCurrent: $198,100Monthly Change: -1%Annual Change: -1.4%
CrowleyCurrent: $80,100Monthly Change: -0.4%Annual Change: 2.2%
RayneCurrent: $109,500Monthly Change: -0.1%Annual Change: 0.6%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-6.4% - -5.5% -5.4% - -2.6% -2.5% - -1.9% -1.8% - -1.0% 0.6% 0.7% - 1.6% 1.7% - 2.2% 2.3% - 8.4% 8.5% - 12.8%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -3.1%Peak ZHVI Date: 2018-07Peak ZHVI: $138,400
RentZillow Rent Index: $1,144Monthly Change: -0.4%Annual Change: -1.7%
Rent List Price: $1,200Rent List/Sq. Ft.: $–
SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $197,000Monthly Change: 0%Annual Change: -3.9%
List Price/Sq. Ft.: $111Listings with Price Cut: 18.1%Amount of Price Cut: 2.8%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
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Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Abbeville 70,600 -0.8 -3.2 -5.5 78,600 2005-01 -10.2 1,097 -0.5 -1.3 -2.1 -4.6 28.7Breaux Bridge 1,120 -0.8 -1.4 -1.7 10.3Broussard 188,100 1 2.8 1.6 188,400 2017-11 -0.2 1,310 0.1 -0.5 -3 2.8 11.3Carencro 1,155 -0.5 -1.5 -3.1 9.6Church Point 81,000 -0.7 -4.4 -1.9 86,700 2017-09 -6.6 1,085 -1.7 -3.2 -1.3 -4.8 21.0Crowley 80,100 -0.4 -0.4 2.2 81,100 2007-11 -1.2 1,058 -1.7 -3.6 -3.4 0.1 22.6Delcambre 1,054 -1.8 -3.9 -2.7 15.0Duson 136,700 0.3 -1.6 -6.4 146,400 2018-03 -6.6 1,119 -0.5 -1.6 -3.7 -4.6 18.1Erath 1,115 -1.5 -3 -2.3 32.1Gueydan 1,092 -1.1 -2.1 -0.6 30.3Iota 113,400 -0.4 -2.7 -1 117,300 2018-12 -3.3 1,112 -1 -2.5 -0.8 -2.5 21.6Kaplan 1,081 -0.9 -2.1 -1.6 18.1Lafayette 157,500 -0.2 -0.1 -2.6 163,100 2018-07 -3.4 1,219 -0.2 -1.4 -5.7 -2.6 10.3Maurice 158,100 0.1 0.4 12.8 158,100 2019-04 0 1,223 -0.5 -1.3 -2.2 5.3 13.1New Iberia 1,045 -2.1 -4 -0.2 18.0Rayne 109,500 -0.1 -1.4 0.6 111,700 2018-12 -2 1,099 -1 -1.8 -1.5 -1.6 16.1Saint Martinville 1,074 -2.2 -3.3 -1.6 16.4Scott 110,500 -0.3 -0.9 6.2 132,600 2017-04 -16.7 1,101 -1 -2.7 -4.1 0.8 17.6Youngsville 198,100 -1 -2.1 -1.4 202,300 2019-01 -2.1 1,391 0.1 -0.1 -0.6 -2.5 9.7
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Acadia Parish 90,400 -0.2 -2.6 0.3 93,600 2017-09 -3.4 1,082 -1.1 -2.3 -1.6 -2Iberia Parish 1,035 -2 -3.5 -0.4Lafayette Parish 164,300 -0.4 -0.6 -0.5 167,200 2017-08 -1.7 1,232 -0.1 -1 -5 -1.6Saint Martin Parish 1,136 -0.8 -1 -1Vermilion Parish 72,600 0.3 -1.4 -2.3 77,900 2005-01 -6.8 1,105 -1 -2.1 -2.6 -2.5
