may 2014 dataquick property intelligence report
TRANSCRIPT
Property Intelligence Report
Transforming Information into Intelligence™
DataQuick1-888-604-3282 (DATA)
www.dataquick.com
Comprehensive Monthly Property Valuation Metrics
Property Intelligence Report May 2013
Summary Notes
Home prices grew in most markets.
Sales increased slightly from very low first quarter levels.
Foreclosure activity increased slightly.
Housing Performance The only slight change in housing markets between March and April was the slight increase in month over month sales. Despite this increase, sales remain below prior quarter and prior year levels in most markets. It remains to be seen whether the large sales declines from the first quarter were driven solely by weather factors or if other drivers, including rising rates, home affordability, or tight credit conditions, were the primary causes.
Home price growth was positive in 31 of the 42 reported counties over the last month and quarter.
Home price growth was positive in 36 of the 42 reported counties over the last year.
Sales increased in 24 of the 42 reported counties over the last month.
Sales increased in 10 of the 42 reported counties over the last quarter.
Sales increased in 13 of the 42 reported counties over the last year.
Foreclosures decreased in 22 of the 42 reported counties over the last month.
Foreclosures decreased in 18 of the 42 reported counties over the last quarter.
Foreclosures decreased in 26 of the 42 reported counties over the last year.
Housing Outlook After three months of extremely low sales volume, sales recovered slightly. With that, nationwide home
prices grew at an annualized growth rate of 5.1% in April. Employment growth was very favorable at
288K new jobs. Continued employment growth will be the key to household formation, housing
demand, and sustainable home price growth. The growing concerns of home affordability and tight
credit conditions serve to cloud the future.
Property Intelligence Report May 2013
Factor Comment Current Situation
Demand for Housing The level of economic activity Employment rose by 288,000 in April.
Strict mortgage credit requirements continue
Supply of Housing The supply of housing for sale on the market
Sales of existing homes remain at reduced levels
Uncertainty Housing investors face heightened uncertainty from national and international sources. In the presence of uncertainty, individuals have a difficult time valuing real estate, dampening the activity of both buyers and sellers.
Several factors lead to uncertainty about the persistence of housing market improvements.
The rate of job creation has been unsteady.
Uncertainty about the resolution of domestic fiscal issues continues.
Euro Zone fiscal issues continue unresolved.
Monthly Detail ReportSelected CountiesSingle-Family
State County Metro Latest Month Latest Quarter Latest Year Latest Month Latest Quarter Latest Year Latest Month Latest Quarter Latest Year
AZ MARICOPA Phoenix 0.81% 2.31% 12.23% -5.54% -12.25% -46.69% 22.41% 11.32% -17.97%
AZ PIMA Tuscon 0.28% 0.96% 7.12% -12.94% 0.00% -22.91% 16.51% 7.24% 11.68%
CA ALAMEDA Oakland 0.41% 2.21% 12.08% -44.64% -45.61% -66.67% -8.32% -34.18% -22.12%
CA CONTRA COSTA Richmond 0.70% 2.12% 14.50% 8.96% -25.51% -55.76% 25.14% 1.40% -29.64%
CA LOS ANGELES Los Angeles 0.89% 2.54% 14.00% -13.55% -10.46% -41.21% -9.18% -20.64% -19.56%
CA ORANGE Orange 0.48% 1.35% 11.13% -27.72% -19.78% -46.32% -4.34% -18.21% -12.98%
CA RIVERSIDE Riverside 1.31% 4.15% 22.05% 51.42% 9.56% -18.11% 26.52% 4.83% -21.34%
CA SACRAMENTO Sacramento 1.27% 3.15% 18.29% 45.81% 16.49% -28.71% 26.66% -0.20% -19.94%
CA SAN BERNARDINO San Bernardino 1.00% 3.29% 19.75% 20.90% -0.67% -27.52% 9.42% -7.35% -22.39%
CA SAN DIEGO San Diego 1.01% 2.95% 14.81% 35.96% 17.42% -26.89% 27.11% 2.87% -21.32%
CA SANTA CLARA San Jose 0.64% 2.44% 11.91% -20.69% -36.11% -53.06% 30.69% -1.83% -16.00%
CO DENVER Denver 0.79% 0.82% 5.62% -10.00% -18.18% -59.40% 68.98% 10.65% -3.47%
CT FAIRFIELD New York -0.54% -1.18% -1.39% 20.37% 44.44% 80.56% -32.01% -50.86% -30.16%
FL BROWARD Ft. Lauderdale 0.94% 3.08% 14.53% 33.09% 33.09% 65.33% 20.48% -9.89% 6.69%
FL DUVAL Jacksonville -0.32% -1.97% -3.54% -29.60% -26.25% 62.50% -16.78% -11.63% 6.33%
FL HILLSBOROUGH Tampa 0.16% 0.74% 6.77% 6.34% 26.62% 5.59% -0.51% -3.29% -6.16%
FL LEE Ft. Myers 0.46% 1.35% 9.86% -22.75% 54.50% 4.15% -15.96% -10.42% -15.20%
FL MIAMI-DADE Miami 0.80% 2.24% 14.54% 27.56% 37.00% 31.51% 25.12% -8.21% 1.32%
FL ORANGE Orlando 0.99% 2.28% 11.57% 1.60% 36.69% -6.17% -9.75% -4.81% -5.17%
FL PALM BEACH Palm Beach 1.14% 3.48% 15.00% -21.20% -4.42% -20.35% -11.83% -16.81% -24.68%
FL PINELLAS Clearwater -0.49% -1.07% 3.70% 8.12% 8.43% 34.49% 5.45% -4.72% 9.01%
GA FULTON Atlanta 0.62% 1.60% 11.73% -6.41% 18.38% -35.96% 3.58% -15.91% 0.42%
IL COOK Chicago 0.09% 0.22% 3.60% 7.64% 11.32% -30.63% -26.01% -23.94% -2.80%
IL DUPAGE Chicago -0.43% -0.83% 1.35% 31.40% 29.27% -36.14% 42.05% -12.41% -3.02%
MA MIDDLESEX Boston 0.07% 0.10% 5.27% -22.58% 0.00% 4.35% -41.67% -56.74% -36.94%
MD MONTGOMERY Washington, DC 0.21% 0.79% 2.57% -25.58% 33.33% -13.51% -21.83% -15.42% 8.00%
MI OAKLAND Detroit 0.70% 1.68% 10.35% 20.67% 0.00% -39.06% -7.36% -29.72% -30.34%
MO JACKSON Kansas City -0.06% 0.28% 3.00% 162.31% 188.40% 102.33% 62.85% 53.48% 37.04%
MO ST. LOUIS St. Louis -0.06% 0.28% 3.00% -26.35% -7.94% 0.43% -19.01% -29.18% -12.94%
NC MECKLENBURG Charlotte 0.45% 2.21% 10.54% -24.71% -17.72% -15.95% -10.98% -22.34% -2.97%
NV CLARK Las Vegas 0.98% 2.98% 17.75% 40.23% 55.91% 19.44% 28.36% 8.13% -20.78%
NY QUEENS New York -0.06% 0.58% 4.09% -18.75% -38.10% 30.00% -19.13% -17.94% 7.40%
NY SUFFOLK Long Island -0.23% -1.37% -0.77% -26.26% -2.67% 37.74% -13.27% -26.57% 8.82%
OH CUYAHOGA Cleveland -0.71% -1.27% -1.64% 52.85% 30.94% 4.96% 0.00% -23.18% 10.03%
OH FRANKLIN Columbus 0.11% 1.35% 4.69% -12.71% 36.12% -3.13% 26.57% -8.72% -6.51%
OR MULTNOMAH Portland 0.64% 2.31% 11.84% 41.18% 71.43% 140.00% 27.06% 7.69% -7.35%
TN SHELBY Memphis 0.44% 1.40% 4.39% -2.87% 0.00% -3.56% 18.65% 10.26% 6.13%
TX DALLAS Dallas -0.03% -0.38% 0.87% -26.15% -7.58% -22.59% 3.90% -9.63% -6.25%
TX HARRIS Houston -0.03% -0.38% 0.87% 1.92% -5.85% -8.61% 29.09% -3.78% -6.26%
UT SALT LAKE Salt Lake 0.39% 1.02% 6.48% -24.79% -16.51% -9.90% 8.85% -5.03% 9.52%
VA FAIRFAX Washington, DC 0.44% 1.12% 4.95% 52.38% 45.45% 3.23% 7.16% -23.20% -4.10%
WA KING Seattle 1.04% 2.67% 11.95% -16.76% -12.35% -54.29% 29.27% -3.33% -17.37%
Notes:
1. Source: DataQuick
2. Reported sales data do not include new construction.
Home Price Growth Rate Foreclosure Growth Rate Sales Growth Rate
Property Intelligence Report April2014
Monthly Detail ReportSelected Counties
Single-Family
State County Metro Current Month Previous Month Prior Quarter Prior Year Current Month Previous Month Prior Quarter Prior Year Current Month Previous Month Prior Quarter Prior Year
AZ MARICOPA Phoenix 145.3 144.2 142.0 129.5 580 614 661 1088 5616 4588 5045 6846
AZ PIMA Tuscon 124.7 124.3 123.5 116.4 175 201 175 227 889 763 829 796
CA ALAMEDA Oakland 146.7 146.1 143.6 130.9 31 56 57 93 595 649 904 764
CA CONTRA COSTA Richmond 140.7 139.8 137.8 122.9 73 67 98 165 871 696 859 1238
CA LOS ANGELES Los Angeles 190.8 189.1 186.1 167.4 351 406 392 597 3295 3628 4152 4096
CA ORANGE Orange 177.3 176.4 174.9 159.5 73 101 91 136 1388 1451 1697 1595
CA RIVERSIDE Riverside 151.0 149.0 144.9 123.7 321 212 293 392 2433 1923 2321 3093
CA SACRAMENTO Sacramento 133.8 132.1 129.7 113.1 226 155 194 317 1506 1189 1509 1881
CA SAN BERNARDINO San Bernardino 166.4 164.7 161.1 138.9 295 244 297 407 1778 1625 1919 2291
CA SAN DIEGO San Diego 159.5 157.9 154.9 138.9 155 114 132 212 2007 1579 1951 2551
CA SANTA CLARA San Jose 167.6 166.6 163.6 149.8 23 29 36 49 856 655 872 1019
CO DENVER Denver 145.7 144.5 144.5 137.9 54 60 66 133 779 461 704 807
CT FAIRFIELD New York 118.5 119.2 119.9 120.2 65 54 45 36 257 378 523 368
FL BROWARD Ft. Lauderdale 149.8 148.4 145.3 130.8 744 559 559 450 2041 1694 2265 1913
FL DUVAL Jacksonville 112.7 113.0 114.9 116.8 559 794 758 344 957 1150 1083 900
FL HILLSBOROUGH Tampa 129.3 129.1 128.4 121.1 604 568 477 572 1174 1180 1214 1251
FL LEE Ft. Myers 130.9 130.3 129.1 119.1 326 422 211 313 1032 1228 1152 1217
FL MIAMI-DADE Miami 157.4 156.1 153.9 137.4 722 566 527 549 1609 1286 1753 1588
FL ORANGE Orlando 129.4 128.1 126.5 116.0 380 374 278 405 1028 1139 1080 1084
FL PALM BEACH Palm Beach 148.9 147.2 143.9 129.5 368 467 385 462 1178 1336 1416 1564
FL PINELLAS Clearwater 128.8 129.5 130.2 124.2 386 357 356 287 968 918 1016 888
GA FULTON Atlanta 95.9 95.3 94.4 85.9 219 234 185 342 724 699 861 721
IL COOK Chicago 105.4 105.3 105.2 101.7 521 484 468 751 1875 2534 2465 1929
IL DUPAGE Chicago 118.6 119.1 119.6 117.0 159 121 123 249 706 497 806 728
MA MIDDLESEX Boston 135.7 135.7 135.6 129.0 24 31 24 23 350 600 809 555
MD MONTGOMERY Washington, DC 158.7 158.4 157.5 154.8 32 43 24 37 351 449 415 325
MI OAKLAND Detroit 96.7 96.0 95.1 87.6 181 150 181 297 868 937 1235 1246
MO JACKSON Kansas City 104.4 104.5 104.1 101.4 522 199 181 258 640 393 417 467
MO ST. LOUIS St. Louis 104.4 104.5 104.1 101.4 232 315 252 231 767 947 1083 881
NC MECKLENBURG Charlotte 128.0 127.4 125.2 115.8 195 259 237 232 949 1066 1222 978
NV CLARK Las Vegas 117.7 116.5 114.3 99.9 725 517 465 607 2978 2320 2754 3759
NY QUEENS New York 144.6 144.7 143.8 138.9 13 16 21 10 334 413 407 311
NY SUFFOLK Long Island 136.6 136.9 138.5 137.6 73 99 75 53 876 1010 1193 805
OH CUYAHOGA Cleveland 90.6 91.2 91.8 92.1 402 263 307 383 845 845 1100 768
OH FRANKLIN Columbus 103.8 103.7 102.4 99.1 309 354 227 319 1005 794 1101 1075
OR MULTNOMAH Portland 173.8 172.7 169.8 155.4 96 68 56 40 756 595 702 816
TN SHELBY Memphis 95.5 95.1 94.2 91.5 271 279 271 281 935 788 848 881
TX DALLAS Dallas 132.8 132.8 133.3 131.6 305 413 330 394 1305 1256 1444 1392
TX HARRIS Houston 132.8 132.8 133.3 131.6 531 521 564 581 3084 2389 3205 3290
UT SALT LAKE Salt Lake 125.5 125.0 124.2 117.8 91 121 109 101 529 486 557 483
VA FAIRFAX Washington, DC 174.4 173.7 172.5 166.2 32 21 22 31 374 349 487 390
WA KING Seattle 158.8 157.2 154.7 141.8 149 179 170 326 1656 1281 1713 2004
Notes:
1. Source: DataQuick
2. Reported sales data do not include new construction.
Home Price Indices (Feb 2002 = 100) Foreclosures Sales
Property Intelligence Report April 2014