APRIL2019 Miami-Fort Lauderdale Metro · Median Sale Price: ${Monthly Change: {% Annual Change: {%...
2
www.zillow.com/research/ APRIL2019 Miami-Fort Lauderdale Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Miami Home Values Current: $283,400 Monthly Change: -0.5% Quarterly Change: -0.3% Annual Change: 5% Negative Equity*: 7.2% Home Values Forecast (next 12 months) National: 2.8% Miami Metro: 1.5% Major Cities - Home Values Miami Current: $337,200 Monthly Change: -0.7% Annual Change: 2.8% Hialeah Current: $286,300 Monthly Change: -0.6% Annual Change: 8.4% Boca Raton Current: $339,300 Monthly Change: -0.5% Annual Change: 3% Fort Lauderdale Current: $315,200 Monthly Change: -0.8% Annual Change: 3.2% Boynton Beach Current: $250,600 Monthly Change: -0.2% Annual Change: 4.1% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -4.4% - -4.0% -3.9% - -1.6% -1.5% - -0.6% -0.5% - 0.0% 0.4% - 2.8% 2.9% - 5.3% 5.4% - 7.8% 7.9% - 11.7% 11.8% - 17.4% Home Values (ZHVI) Increasing Values: 63.8% Decreasing Values: 27.2% Fall From Peak: -9.1% Peak ZHVI Date: 2006-09 Peak ZHVI: $311,600 Rent Zillow Rent Index: $1,928 Monthly Change: 0.3% Annual Change: 3.3% Rent List Price: $2,100 Rent List/Sq. Ft.: $1.7 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: $359,000 Monthly Change: 1.1% Annual Change: 2.6% List Price/Sq. Ft.: $222 Listings with Price Cut: 16.5% Amount of Price Cut: 2.9% 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 Miami-Fort Lauderdale Metro · Median Sale Price: ${Monthly Change: {% Annual Change: {%...
www.zillow.com/research/
APRIL2019 Miami-Fort Lauderdale Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Miami Home Values
Current: $283,400Monthly Change: -0.5%Quarterly Change: -0.3%Annual Change: 5%Negative Equity*: 7.2%
Home Values Forecast
(next 12 months)
National: 2.8%Miami Metro: 1.5%
Major Cities - Home Values
MiamiCurrent: $337,200Monthly Change: -0.7%Annual Change: 2.8%
HialeahCurrent: $286,300Monthly Change: -0.6%Annual Change: 8.4%
Boca RatonCurrent: $339,300Monthly Change: -0.5%Annual Change: 3%
Fort LauderdaleCurrent: $315,200Monthly Change: -0.8%Annual Change: 3.2%
Boynton BeachCurrent: $250,600Monthly Change: -0.2%Annual Change: 4.1%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-4.4% - -4.0% -3.9% - -1.6% -1.5% - -0.6% -0.5% - 0.0% 0.4% - 2.8% 2.9% - 5.3% 5.4% - 7.8% 7.9% - 11.7% 11.8% - 17.4%
Home Values (ZHVI)Increasing Values: 63.8%Decreasing Values: 27.2%Fall From Peak: -9.1%Peak ZHVI Date: 2006-09Peak ZHVI: $311,600
RentZillow Rent Index: $1,928
Monthly Change: 0.3%Annual Change: 3.3%
Rent List Price: $2,100Rent List/Sq. Ft.: $1.7
SalesMedian Sale Price: $–
Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $359,000
Monthly Change: 1.1%Annual Change: 2.6%
List Price/Sq. Ft.: $222Listings with Price Cut: 16.5%Amount of Price Cut: 2.9%
ForeclosuresHomes Foreclosed: –/10, 000
Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eV
alu
es-
ZH
VI
($)
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
(%)
Boca Raton 339,300 -0.5 -0.3 3 2,339 0.3 0.8 1.9 0.7 6.1Boynton Beach 250,600 -0.2 0.1 4.1 1,928 -0.3 0.3 4.4 1.4 5.6Coral Springs 358,500 -0.2 -0.1 2.5 2,069 0.8 1.5 3.2 0.3 5.0Davie 340,800 -0.2 0.3 4.7 2,047 0.8 1.8 3.9 1.5 4.1Deerfield Beach 182,300 -0.3 0.5 7.7 1,579 -0.3 0.1 3.8 3.4 7.1Delray Beach 206,500 -0.5 0.5 9.5 1,756 -0.1 0.7 3.4 4.5 6.5Fort Lauderdale 315,200 -0.8 -0.7 3.2 1,874 0.6 1.4 4.2 0.1 7.0Hialeah 286,300 -0.6 -0.4 8.4 1,875 0.1 0.5 3.9 3 9.9Hollywood 278,000 -0.4 0.2 5.6 1,780 0.2 0.8 3.9 2 7.1Homestead 214,100 -0.7 -0.2 8.8 1,617 0.4 1 3.3 3.2 10.1Kendall 319,100 -0.7 -0.6 4.5 2,050 0.2 0.1 0.4 0.8 8.0Miami 337,200 -0.7 -0.7 2.8 2,068 0.2 0.8 2.3 0.4 10.0Miami Beach 373,400 -1 -0.9 -2.1 2,135 -0.1 0.3 1.3 -1.7 14.5Miami Gardens 256,800 -0.3 0 9.6 1,849 0.2 0.3 2.8 3.9 7.8Miramar 311,000 -0.3 0.4 6.1 2,012 0.3 0.7 3.3 2.5 6.1Pembroke Pines 308,300 -0.4 -0.2 3.7 1,991 0.3 0.6 2.9 1 4.2Plantation 323,500 -0.3 0.1 3.7 1,957 0.4 0.7 3.3 1.3 6.1Pompano Beach 214,900 -0.9 -1.2 4.7 1,687 0.1 0.1 3.1 0.5 7.4Sunrise 230,600 -0.1 0.9 4.7 1,727 0.3 0.8 3.3 2.2 5.9West Palm Beach 237,600 -0.2 -0.2 5.7 1,688 0.1 0.8 2.4 1.9 7.3
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
(%)
Broward County 264,600 -0.3 0.1 5.6 1,797 0.2 0.6 3.2 1.9Miami-Dade County 304,000 -0.4 -0.3 5 2,007 0.3 0.9 2.6 1.5Palm Beach County 277,400 -0.4 -0.3 5.1 1,966 0.1 0.9 3 1.5
