april2019 myrtle beach metro · 2020-04-23 · myrtle beach home values current: $194,100 monthly...

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APRIL2019 Myrtle Beach Metro

National Home Values

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

Myrtle Beach Home Values

Current: $194,100Monthly Change: 0.8%Quarterly Change: 2.1%Annual Change: 5.1%Negative Equity*: 8.4%

Home Values Forecast

(next 12 months)

National: 2.8%Myrtle Beach Metro: 3.8%

Major Cities - Home Values

ConwayCurrent: $157,900Monthly Change: 0.3%Annual Change: 4.4%

Myrtle BeachCurrent: $151,800Monthly Change: 0.5%Annual Change: 6.7%

Murrells InletCurrent: $229,500Monthly Change: 0.3%Annual Change: 2.8%

SocasteeCurrent: $171,900Monthly Change: 0.6%Annual Change: 5.1%

Little RiverCurrent: $172,500Monthly Change: 1.1%Annual Change: 5.5%

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

City ZHVI Year-over-Year-0.2% 1.5% - 2.3% 2.4% - 3.5% 3.6% - 5.1% 5.2% - 6.7% 6.8% - 8.0%

Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -14.8%Peak ZHVI Date: 2006-11Peak ZHVI: $227,700

RentZillow Rent Index: $1,296Monthly Change: 0.2%Annual Change: 2.8%

Rent List Price: $1,340Rent 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: $231,900Monthly Change: -1.3%Annual Change: 0.9%

List Price/Sq. Ft.: $140Listings with Price Cut: 12.4%Amount of Price Cut: 2.3%

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 press@zillow.com

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(%

)

Ash 160,200 -0.6 -1.5 3.4 1,237 -0.1 0.3 3.3 -0.2 12Aynor 142,700 1.1 3.2 4.9 1,237 0.3 -0.6 -4.2 4.8 10.1Boiling Spring Lakes 180,100 0.1 0.8 8 1,280 0.6 2 6.6 3.7 5.1Conway 157,900 0.3 1 4.4 1,281 0.2 -0.2 -0.7 2.6 10.4Galivants Ferry 143,500 1 2.1 6.5 1,234 0.2 -0.9 -3.8 4.3 22.2Leland 231,200 0.1 1.1 4.4 1,451 0.3 1.4 8 2.4 6Little River 172,500 1.1 2.6 5.5 1,244 0.1 -0.3 0.9 4.8 8.9Loris 130,400 0.5 1.2 -0.2 1,226 0.1 -1 -1 1.3 12.6Murrells Inlet 229,500 0.3 0.7 2.8 1,434 -0.2 -0.6 4.7 2 6.2Myrtle Beach 151,800 0.5 1.5 6.7 1,099 -0.1 -1.1 0.6 4.3 14.4Nichols 1,102 -0.5 -1.3 5.7 21.4North Myrtle Beach 238,200 0.8 1.8 3.5 1,314 -0.3 -1.4 4 3.1 9.5Oak Island 253,700 0.3 1.5 8 1,319 1.3 2.9 5.6 3.7 3.2Ocean Isle Beach 371,700 0 0.7 7.8 1,459 0.8 1.9 2.7 3.7 2.6Shallotte 196,200 -1.1 -1.5 6.2 1,276 0.2 0.6 3.2 1.5 6.2Socastee 171,900 0.6 1.7 5.1 1,343 0 0 1.9 3.5 7.8Southport 236,500 -1.5 -2.4 1.6 1,418 0.1 1.4 7.6 -1.9Sunset Beach 258,000 -0.2 -0.1 1.9 1,314 0.7 1.9 5.5 0 3.4Surfside Beach 260,800 1.6 3.5 4.1 1,408 -0.4 -1.5 0.6 5.4 10Winnabow 176,800 0.3 0.9 6.6 1,288 0.2 1.3 6.2 3 7.8

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)Brunswick County 241,400 -0.3 -0.4 4.7 1,348 0.7 2.1 6.5 1.1Horry County 180,000 0.8 2.2 4.5 1,272 -0.2 -1 1 3.8