november2018 melbourne metro - files.zillowstatic.com · november2018 *the top 20 largest cities...

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DECEMBER2018 Melbourne Metro

National Home Values

Current: $223,900Monthly Change: 0.5%Quarterly Change: 1.8%Annual Change: 7.6%Negative Equity*: 8.2%

Melbourne Home Values

Current: $211,200Monthly Change: 0.9%Quarterly Change: 1.6%Annual Change: 9.8%Negative Equity*: 4.9%

Home Values Forecast

(next 12 months)

National: 6.3%Melbourne Metro: 3.6%

Major Cities - Home Values

MelbourneCurrent: $190,400Monthly Change: 0.7%Annual Change: 8.6%

Palm BayCurrent: $177,200Monthly Change: 0.7%Annual Change: 8.6%

CocoaCurrent: $176,300Monthly Change: 1.1%Annual Change: 12.7%

TitusvilleCurrent: $158,900Monthly Change: 1.1%Annual Change: 14.2%

RockledgeCurrent: $253,900Monthly Change: 0.9%Annual Change: 5.4%

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

City ZHVI Year-over-Year3.3% - 4.0% 4.1% - 6.4% 6.5% - 10.5% 10.6% - 14.2% 14.3% - 22.2%

Home Values (ZHVI)Increasing Values: 75.5%Decreasing Values: 16.9%Fall From Peak: -9.7%Peak ZHVI Date: 2006-04Peak ZHVI: $234,000

RentZillow Rent Index: $1,431Monthly Change: 1.2%Annual Change: 2.7%

Rent List Price: $1,500Rent List/Sq. Ft.: $0.9

SalesMedian Sale Price: $209,700Monthly Change: 2.3%Annual Change: 11.5%

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

ListingsMedian List Price: $251,800Monthly Change: 0.8%Annual Change: 2.8%

List Price/Sq. Ft.: $114Listings with Price Cut: 13.6%Amount of Price Cut: 2.6%

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.

DECEMBER2018

*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(%

)

Cape Canaveral 220,200 0.9 1.2 5.1 1,522 1.7 3.5 5.6 4.7 7.6Cocoa 176,300 1.1 2.5 12.7 4.6 5.5Cocoa Beach 309,100 0.9 2 7.6 1,752 1.3 2.5 7 3.3 6.9Grant-Valkaria 344,500 0.9 0.3 5.6 1,805 1.7 4 -3.1 3 5.1Indialantic 419,300 0.1 -1 5 2,278 0.3 0.5 3 0.8Indian Harbour Beach 304,500 0.2 -0.8 3.3 1,860 -1.5 -2.9 6 1June Park 239,100 1.1 1.3 8.6 1,503 0.7 1.1 5.1 3.5Malabar 315,800 1.6 3.3 19.4 1,750 2 4.6 3.2 2.6 5Melbourne 190,400 0.7 1.5 8.6 1,372 1.3 2.5 4.3 3.1 4.8Melbourne Beach 395,300 1.8 3.4 10.5 2,075 0.2 -0.2 4.8 7.5 5.5Merritt Island 285,700 1.1 1.9 8.7 4 2.9Micco 224,300 2 3.3 22.2 1,343 2.5 4.6 -3.8 1.1Mims 223,100 1.5 3.5 9.5 1,448 1.5 3.4 3.6 4.6 3.1Palm Bay 177,200 0.7 1.3 8.6 1,329 0.9 2 5.5 3.1 5.2Rockledge 253,900 0.9 1.4 5.4 3.8 4.4Satellite Beach 331,500 0.2 -0.4 4 1,908 -0.6 -1.6 5.2 1 4.7Titusville 158,900 1.1 2.8 14.2 1,253 1 1.6 4.5 7.2 6.4West Melbourne 247,300 0.6 1 6.4 1,590 1.4 3.2 7.7 2.9 3.7

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)Brevard County 211,200 0.9 1.6 9.8 1,431 1.2 2.6 2.7 3.6