APRIL2019 Portland MetroPortland Home Values Current: $292,300 Monthly Change: -0.2% Quarterly...
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www.zillow.com/research/ APRIL2019 Portland Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Portland Home Values Current: $292,300 Monthly Change: -0.2% Quarterly Change: 0.3% Annual Change: 6% Negative Equity*: 4.3% Home Values Forecast (next 12 months) National: 2.8% Portland Metro: 2.5% Major Cities - Home Values Portland Current: $311,100 Monthly Change: -0.8% Annual Change: 6.5% South Portland Current: $294,100 Monthly Change: -0.4% Annual Change: 8.9% Biddeford Current: $267,700 Monthly Change: -0.3% Annual Change: 6.1% Brunswick Current: $270,300 Monthly Change: -0.4% Annual Change: 8.3% Saco Current: $267,100 Monthly Change: 0% Annual Change: 3.4% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -1.8% -1.7% - -0.1% 0.3% - 2.6% 2.7% - 4.6% 4.7% - 6.8% 6.9% - 9.6% 9.7% - 12.6% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -0.2% Peak ZHVI Date: 2019-03 Peak ZHVI: $293,000 Rent Zillow Rent Index: $– Monthly Change: –% Annual Change: –% Rent List Price: $2,000 Rent List/Sq. Ft.: $1.6 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: $348,900 Monthly Change: 2.6% Annual Change: 4.2% List Price/Sq. Ft.: $223 Listings with Price Cut: 9.8% Amount of Price Cut: 3.2% 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 Portland MetroPortland Home Values Current: $292,300 Monthly Change: -0.2% Quarterly...
www.zillow.com/research/
APRIL2019 Portland Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Portland Home Values
Current: $292,300Monthly Change: -0.2%Quarterly Change: 0.3%Annual Change: 6%Negative Equity*: 4.3%
Home Values Forecast
(next 12 months)
National: 2.8%Portland Metro: 2.5%
Major Cities - Home Values
PortlandCurrent: $311,100Monthly Change: -0.8%Annual Change: 6.5%
South PortlandCurrent: $294,100Monthly Change: -0.4%Annual Change: 8.9%
BiddefordCurrent: $267,700Monthly Change: -0.3%Annual Change: 6.1%
BrunswickCurrent: $270,300Monthly Change: -0.4%Annual Change: 8.3%
SacoCurrent: $267,100Monthly Change: 0%Annual Change: 3.4%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-1.8% -1.7% - -0.1% 0.3% - 2.6% 2.7% - 4.6% 4.7% - 6.8% 6.9% - 9.6% 9.7% - 12.6%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -0.2%Peak ZHVI Date: 2019-03Peak ZHVI: $293,000
RentZillow Rent Index: $–Monthly Change: –%Annual Change: –%
Rent List Price: $2,000Rent List/Sq. Ft.: $1.6
SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $348,900Monthly Change: 2.6%Annual Change: 4.2%
List Price/Sq. Ft.: $223Listings with Price Cut: 9.8%Amount of Price Cut: 3.2%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Bath 185,000 -0.4 -0.2 3.7 1,359 0.8 1.2 0.7 1.3 7.9Biddeford 267,700 -0.3 0.5 6.1 1,491 0.1 -1.4 -0.2 3 4Brunswick 270,300 -0.4 -0.7 8.3 3.4 3.7Buxton 231,400 -0.3 -1.1 1.5 1,378 -0.6 -1.1 -1.6 -0.7 8.5Falmouth 477,600 0 1.5 6 2,347 0.7 0.4 1.8 4.8 2.7Gorham 282,100 -0.3 -0.7 5.9 1,837 -0.1 0.1 2.6 1.6 5.9Kennebunk 342,000 -0.7 -0.7 5.1 1,732 0.5 1.6 5 1.3 4.3Kittery 372,400 -1 -0.2 5.5 1,794 0.2 0.4 6.3 1.8 4.3Old Orchard Beach 272,900 -0.1 0.7 7.5 1,466 0.5 -0.7 -1.2 3.3 6.1Portland 311,100 -0.8 -0.7 6.5 1,896 0.4 1.5 7.1 1.8 3.4Saco 267,100 0 0.5 3.4 1,487 0.4 -1.1 -0.5 1.5 3.2Sanford 185,500 0.1 1 6.8 1,403 0 -0.6 2.3 3.8 5.8Scarborough 1,787 0.6 0.9 -1.8South Portland 294,100 -0.4 0.5 8.9 1,908 0.5 2.4 11.3 3.7 3.4Standish 244,900 -0.2 0 2.6 1,772 -0.1 -0.5 1.5 0.3 3.8Topsham 231,200 0.5 2.1 7.9 1,506 0.4 0.8 4.9 5.5 1.9Wells 299,200 -0.4 -0.3 4.5 1,562 1.1 1.5 1.2 1.1 5.2Westbrook 244,700 -0.3 0.3 5.2 1,756 0.2 0.5 3.7 2.7 3.2Windham 260,700 -1.2 -1.5 5.9 1,768 -0.2 -0.6 1.6 1.5 3.8York 415,100 0.5 0.7 2 2,043 0.1 0.8 -4.9 0.9 2.5
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)Cumberland County 301,800 -0.3 0.2 6.4 2.7Sagadahoc County 220,000 0 0.7 6.3 1,429 -0.1 -0.1 1.8 3.4York County 291,000 -0.2 0.4 4.7 1,525 0.4 -0.3 -1 1.9
