june2018 cape cod metro...june2018 cape cod metro national home values current: $217,300 monthly...

Post on 19-Jun-2020

0 Views

Category:

Documents

0 Downloads

Preview:

Click to see full reader

TRANSCRIPT

www.zillow.com/research/

JUNE2018 Cape Cod Metro

National Home Values

Current: $217,300Monthly Change: 0.5%Quarterly Change: 1.8%Annual Change: 8.3%Negative Equity*: 9.1%

Cape Cod Home Values

Current: $414,600Monthly Change: 0.5%Quarterly Change: 1.4%Annual Change: 6.9%Negative Equity*: 4.5%

Home Values Forecast

(next 12 months)

National: 6.6%Cape Cod Metro: 5.7%

Major Cities - Home Values

East FalmouthCurrent: $368,100Monthly Change: 0.3%Annual Change: 9.1%

DennisCurrent: $365,200Monthly Change: 0.5%Annual Change: 7.3%

SandwichCurrent: $373,100Monthly Change: 0.4%Annual Change: 6.9%

MashpeeCurrent: $399,500Monthly Change: 0.2%Annual Change: 6.1%

BrewsterCurrent: $434,900Monthly Change: 0.3%Annual Change: 4.3%

Esri, HERE, Garmin, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year3.0% - 4.3% 4.4% - 7.3% 7.4% - 9.1% 9.2% - 13.1% 13.2% - 19.0%

Home Values (ZHVI)Increasing Values: 82.4%Decreasing Values: 11.5%Fall From Peak: 0%Peak ZHVI Date: 2018-06Peak ZHVI: $414,600

RentZillow Rent Index: $1,808

Monthly Change: -0.5%Annual Change: -7%

Rent List Price: $2,150Rent List/Sq. Ft.: $1.5

SalesMedian Sale Price: $–

Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $515,000

Monthly Change: –%Annual Change: –%

List Price/Sq. Ft.: $304Listings with Price Cut: 15.3%Amount of Price Cut: 3.1%

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 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.

www.zillow.com/research/

Largest Cities Covered by Zillow

Hom

eV

alu

es-

ZH

VI

($)

ZH

VI

MoM

(%)

ZH

VI

QoQ

(%)

ZH

VI

YoY

(%)

ZH

VI

Pea

k($

)

Pea

kM

onth

Ch

ange

from

Pea

k(%

)

Ren

ts-

ZR

I($

)

ZR

IM

oM(%

)

ZR

IQ

oQ(%

)

ZR

IY

oY(%

)

For

ecas

tY

oY(%

)

Neg

ativ

eE

qu

ity

(%)

Barnstable 374,700 0.5 1.4 6.5 380,500 2005-06 -1.5 1,817 -0.7 -2.4 -6.4 6.1 5.6Bourne 384,600 0 1.9 8.2 384,700 2018-05 -0.0 1,832 -0.2 -0.7 -4.3 5.5 5.9Brewster 434,900 0.3 1.3 4.3 434,900 2018-06 0.0 6.4 2.3Chatham 642,400 0 1.6 6.2 642,400 2018-06 0.0 2.7 2.6Dennis 365,200 0.5 2 7.3 365,200 2018-06 0.0 1,766 0 0.2 1.1 6.1 4.3East Falmouth 368,100 0.3 1.6 9.1 370,500 2005-10 -0.6 1,803 -0.6 -1.9 -3.3 6 4.3East Sandwich 457,600 0.2 0.9 3.9 462,600 2005-05 -1.1 1,881 -0.1 -0.6 -16.8 6.1 3.8Eastham 470,300 0.3 1.3 9.1 470,300 2018-06 0.0 4.7 3.1Falmouth 587,500 1.5 4.1 13.1 587,500 2018-06 0.0 1,964 -0.1 0.2 -7.6 8 3.5Forestdale 347,300 0 1 5.3 358,100 2005-06 -3.0 1,850 -0.4 -1.7 -6.9 6 4.7Harwich 430,900 0.6 1.3 6.8 430,900 2018-06 0.0 5.2 2.7Mashpee 399,500 0.2 0.6 6.1 399,500 2018-06 0.0 1,847 -0.3 -1.2 -3.2 5.8 5.2North Falmouth 534,000 0.6 3.3 11.2 534,000 2018-06 0.0 1,954 0.1 0.5 -7.9 4.4 4.8Orleans 617,200 -0.3 0 3 627,400 2005-08 -1.6 1.9 2.8Provincetown 621,700 0.6 2.4 18 621,700 2018-06 0.0 5 3Sandwich 373,100 0.4 1.3 6.9 373,100 2018-06 0.0 1,827 -0.4 -1.7 -8.6 6.1 4.5Truro 683,300 0 0.1 3.5 710,000 2005-11 -3.8 0.5Wellfleet 559,400 0.5 1.4 6.2 559,400 2018-06 0.0 4.8Woods Hole 791,200 1.8 5.6 19 840,000 2006-08 -5.8 4.4Yarmouth 323,600 0.4 1.8 8.4 333,200 2005-08 -2.9 1,797 -0.1 -0.4 -1.6 7 4.6

Largest Counties Covered by Zillow

Hom

eV

alu

es-

ZH

VI

($)

ZH

VI

MoM

(%)

ZH

VI

QoQ

(%)

ZH

VI

YoY

(%)

ZH

VI

Pea

k($

)

Pea

kM

onth

Ch

ange

from

Pea

k(%

)

Ren

ts-

ZR

I($

)

ZR

IM

oM(%

)

ZR

IQ

oQ(%

)

ZR

IY

oY(%

)

For

ecas

tY

oY(%

)

Neg

ativ

eE

qu

ity

(%)

Barnstable 414,600 0.5 1.4 6.9 414,600 2018-06 0 1,808 -0.5 -1.5 -7 5.7 4.5

top related