APRIL2019 New York Metro · 2020. 4. 23. · Median Sale Price: ${Monthly Change: {% Annual Change:...
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www.zillow.com/research/ APRIL2019 New York Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% New York Home Values Current: $442,500 Monthly Change: 0% Quarterly Change: 0.7% Annual Change: 4.1% Negative Equity*: 8.5% Home Values Forecast (next 12 months) National: 2.8% New York Metro: 2.1% Major Cities - Home Values New York Current: $677,000 Monthly Change: -0.3% Annual Change: 2.4% Islip Current: $379,700 Monthly Change: 0.6% Annual Change: 9.6% Newark Current: $259,700 Monthly Change: 0.7% Annual Change: 14.5% Jersey City Current: $483,900 Monthly Change: 0% Annual Change: 6.1% Yonkers Current: $517,600 Monthly Change: 0.4% Annual Change: 6.3% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -20.1% - -13.2% -13.1% - -4.4% -4.3% - -1.8% -1.7% - 0.0% 0.0% - 2.8% 2.9% - 5.5% 5.6% - 8.6% 8.7% - 12.7% 12.8% - 23.3% Home Values (ZHVI) Increasing Values: 55.2% Decreasing Values: 35.8% Fall From Peak: -2.3% Peak ZHVI Date: 2006-07 Peak ZHVI: $452,800 Rent Zillow Rent Index: $2,419 Monthly Change: 0% Annual Change: 1.6% Rent List Price: $3,200 Rent List/Sq. Ft.: $3.1 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: $525,000 Monthly Change: 5% Annual Change: 5.4% List Price/Sq. Ft.: $286 Listings with Price Cut: 14.6% Amount of Price Cut: 3.4% 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 New York Metro · 2020. 4. 23. · Median Sale Price: ${Monthly Change: {% Annual Change:...
www.zillow.com/research/
APRIL2019 New York Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
New York Home Values
Current: $442,500Monthly Change: 0%Quarterly Change: 0.7%Annual Change: 4.1%Negative Equity*: 8.5%
Home Values Forecast
(next 12 months)
National: 2.8%New York Metro: 2.1%
Major Cities - Home Values
New YorkCurrent: $677,000Monthly Change: -0.3%Annual Change: 2.4%
IslipCurrent: $379,700Monthly Change: 0.6%Annual Change: 9.6%
NewarkCurrent: $259,700Monthly Change: 0.7%Annual Change: 14.5%
Jersey CityCurrent: $483,900Monthly Change: 0%Annual Change: 6.1%
YonkersCurrent: $517,600Monthly Change: 0.4%Annual Change: 6.3%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-20.1% - -13.2% -13.1% - -4.4% -4.3% - -1.8% -1.7% - 0.0% 0.0% - 2.8% 2.9% - 5.5% 5.6% - 8.6% 8.7% - 12.7% 12.8% - 23.3%
Home Values (ZHVI)Increasing Values: 55.2%Decreasing Values: 35.8%Fall From Peak: -2.3%Peak ZHVI Date: 2006-07Peak ZHVI: $452,800
RentZillow Rent Index: $2,419
Monthly Change: 0%Annual Change: 1.6%
Rent List Price: $3,200Rent List/Sq. Ft.: $3.1
SalesMedian Sale Price: $–
Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $525,000
Monthly Change: 5%Annual Change: 5.4%
List Price/Sq. Ft.: $286Listings with Price Cut: 14.6%Amount of Price Cut: 3.4%
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 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
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Brick 267,900 -0.1 0.1 2.1 1,883 0.4 1.5 4 0.6 8.2Clifton 348,300 -0.1 -0.5 2.5 1,946 0.5 0.5 2 0.5 8.9Edison 385,400 -0.4 -0.2 2.7 2,346 0 0.1 2.4 0.5 6.5Elizabeth 293,100 0.6 2.4 11.4 1,754 0.2 0.9 8.5 7.3 25.1Huntington 499,300 1 5.6 9.1 12.3 15.8Islip 379,700 0.6 3.4 9.6 8.2 15.6Jersey City 483,900 0 0.4 6.1 2,089 -0.4 -1 -0.7 2.9 11.6Lakewood 322,600 -0.9 -1.3 1 1,910 0.5 1.4 2.6 -1.3 9.4Mount Vernon 488,300 1 6.6 23.3 2,400 -0.6 -1.4 -1.3 13.8New Rochelle 673,900 1.3 2.9 1.2 3,286 -1.3 -2.3 -2 2 4.9New York 677,000 -0.3 -0.3 2.4 2,342 0 0.1 2.2 0.2 6.7Newark 259,700 0.7 3.2 14.5 1,532 -0.1 -0.2 2.7 7.5 27.9Passaic 333,100 0.5 0.1 7.9 1,789 -0.2 -0.1 7.6 3 14.5Paterson 260,800 1 3.8 13.9 1,588 0.3 0.3 8.4 8.4 24.7Poughkeepsie 229,600 0.8 2.2 6.5 1,824 0.5 1.2 4.5 4.2 18.9Ramapo 511,600 0.3 0.5 0.4 2,952 0 -0.2 -0.9 0.1 5.6Toms River 270,800 -0.6 -1.3 2 1,914 0.3 0.9 1.8 -0.8 11.9Union City 438,000 -0.1 0.5 7.5 2,098 -0.5 -1.4 -3 4.3 12.1Woodbridge 288,000 -1 -0.5 4 1,941 0.3 0.3 -2.5 1.2 10.0Yonkers 517,600 0.4 2.4 6.3 2,450 -0.3 -1.1 1.2 4 5.6
Largest Counties Covered by Zillow
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Bergen County 466,700 0 -0.1 0.6 2,483 0.2 0.2 2.5 -0.1Bronx County 435,600 -0.2 -0.1 7.4 1,958 0.3 1.4 6 2.6Essex County 399,100 0 1.7 7.3 1,840 0 -0.4 0.5 3.7Kings County 782,300 -0.1 0.2 0.2 2,324 -0.2 0 1.1 -0.6Middlesex County 331,800 -0.5 0.2 5.2 2,151 0.1 0.2 -0.3 2.1Nassau County 543,600 0 0.2 4.7 3,004 -0.1 0.1 0.9 1.8New York County 1,209,100 -0.9 -2.1 -8.1 3,733 -0.3 -0.1 3.2 -6.6Queens County 646,100 -0.2 0 3.7 2,256 0 0.2 2.8 1Suffolk County 411,600 0.4 3.4 7.7 7.2Westchester County 620,200 0.5 2.2 1.9 3,117 -1 -1.9 -0.3 1.7
