april2019 charlottesville metro...zillow r is the leading real estate and rental marketplace...
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www.zillow.com/research/
APRIL2019 Charlottesville Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Charlottesville Home Values
Current: $271,100Monthly Change: -0.1%Quarterly Change: -0.3%Annual Change: 3.8%Negative Equity*: 7.7%
Home Values Forecast
(next 12 months)
National: 2.8%Charlottesville Metro: 1%
Major Cities - Home Values
PalmyraCurrent: $214,300Monthly Change: 0.3%Annual Change: 7%
RuckersvilleCurrent: $234,000Monthly Change: -0.2%Annual Change: 2.5%
CrozetCurrent: $371,300Monthly Change: -0.1%Annual Change: 5.6%
TroyCurrent: $254,400Monthly Change: 0.4%Annual Change: 2.4%
BarboursvilleCurrent: $265,100Monthly Change: 0%Annual Change: 2.4%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-0.8% -0.7% - -0.4% 2.3% - 2.5% 2.6% - 2.9% 3.0% - 4.6% 4.7% - 6.0% 6.1% - 7.2%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -16.5%Peak ZHVI Date: 2005-11Peak ZHVI: $324,700
RentZillow Rent Index: $1,551
Monthly Change: 0.3%Annual Change: 7.1%
Rent List Price: $1,600Rent List/Sq. Ft.: $1.2
SalesMedian Sale Price: $–
Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $399,000
Monthly Change: 3.6%Annual Change: 10.1%
List Price/Sq. Ft.: $195Listings with Price Cut: 13.1%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 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
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Afton 245,800 -0.1 -1.1 4.4 333,200 2005-10 -26.2 1,499 0.1 1.1 4.7 0.6 4.7Arrington 115,500 -1.2 -3.2 -0.8 120,800 2018-10 -4.4 1,159 -0.2 -0.2 2.9 -4.3 23.3Barboursville 265,100 0 -0.4 2.4 332,300 2006-01 -20.2 1,476 0.4 1.5 4.7 -0.3 6.8Bremo Bluff 1,197 -0.1 -0.1 0.8 20.2Buckingham 1,170 -0.7 -1.3 2.5 34.8Charlottesville 1,689 0.2 0.7 5.2 4.6Crozet 371,300 -0.1 0.3 5.6 378,600 2006-02 -1.9 1,852 0.7 1.9 4 2.1 3.7Dillwyn 1,185 -0.5 -0.8 3.1 23.8Earlysville 390,900 0.9 2.3 6 429,900 2006-02 -9.1 1,945 0.5 0.4 -0.7 3.9 2.9Esmont 1,212 0.4 -0.2 -2.9 6.9Free Union 429,800 -0.8 -0.6 7 435,100 2019-02 -1.2 1,789 0.8 2.2 2.8 2 0.0Keswick 533,300 0.2 -0.1 3.8 590,400 2006-04 -9.7 2,373 0.2 -0.4 1.2 1.3 2.3Lovingston 168,000 -1.4 -2.8 -0.4 206,300 2007-06 -18.6 1,317 0 0.2 2.1 -3.5 8.0North Garden 1,611 0.1 1.3 9 0.0Palmyra 214,300 0.3 0.4 7 240,100 2007-04 -10.7 1,430 0.4 1.4 4.6 3 11.4Roseland 166,400 -1 -1.4 4.6 198,700 2005-12 -16.3 1,435 0.3 1.4 5.4 0.2 17.1Ruckersville 234,000 -0.2 -0.7 2.5 256,800 2007-06 -8.9 1,464 0.5 1.8 6.1 0 9.3Scottsville 1,277 0.5 0.6 -0.9 10.8Stanardsville 201,800 -0.3 -1.2 2.9 233,000 2007-05 -13.4 1,348 0.3 0.7 3.9 -0.1 10.5Troy 254,400 0.4 0.1 2.4 276,700 2006-05 -8.1 1,540 0.7 2 6.2 0.7 5.9
Largest Counties Covered by Zillow
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Albemarle County 337,300 0.1 0.1 5.8 387,500 2006-01 -13 1,753 0.3 0.7 4.2 1.8Buckingham County 1,191 -0.3 -0.6 2.9Charlottesville City 286,100 -0.2 -0.3 1.7 287,100 2019-01 -0.3 1,631 0.5 1.6 9.5 0.3 4.8Fluvanna County 212,700 0.2 0.3 7.4 236,500 2007-04 -10.1 1,428 0.4 1.4 4.5 3Greene County 227,400 -0.2 -0.7 3.1 253,200 2007-05 -10.2 1,449 0.6 2 7.1 0.3Nelson County 189,700 -0.7 -1.8 2.8 227,600 2007-06 -16.7 1,367 0 0.7 4.4 -0.6