april2019 augusta metro · augusta metro: 4.4% major cities - home values aiken current: $145,300...

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www.zillow.com/research/ APRIL2019 Augusta Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Augusta Home Values Current: $154,800 Monthly Change: 0.3% Quarterly Change: 1.2% Annual Change: 8% Negative Equity*: 10% Home Values Forecast (next 12 months) National: 2.8% Augusta Metro: 4.4% Major Cities - Home Values Aiken Current: $145,300 Monthly Change: -0.7% Annual Change: 10.7% Evans Current: $254,000 Monthly Change: 0.1% Annual Change: 2.2% Martinez Current: $166,100 Monthly Change: 0.3% Annual Change: 5.9% North Augusta Current: $157,600 Monthly Change: 0.1% Annual Change: 6.8% Grovetown Current: $183,100 Monthly Change: 0.3% Annual Change: 4.6% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -7.6% 2.2% 2.3% - 4.6% 4.7% - 6.8% 6.9% - 11.6% 11.7% - 16.6% Home Values (ZHVI) Increasing Values: 62.3% Decreasing Values: 31.6% Fall From Peak: 0% Peak ZHVI Date: 2019-04 Peak ZHVI: $154,800 Rent Zillow Rent Index: $938 Monthly Change: 0.3% Annual Change: -0.4% Rent List Price: $1,120 Rent List/Sq. Ft.: $0.7 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: $199,900 Monthly Change: -1.2% Annual Change: -4.6% List Price/Sq. Ft.: $100 Listings with Price Cut: 9.9% 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.

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Page 1: APRIL2019 Augusta Metro · Augusta Metro: 4.4% Major Cities - Home Values Aiken Current: $145,300 Monthly Change: -0.7% Annual Change: 10.7% Evans Current: $254,000 Monthly Change:

www.zillow.com/research/

APRIL2019 Augusta Metro

National Home Values

Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%

Augusta Home Values

Current: $154,800Monthly Change: 0.3%Quarterly Change: 1.2%Annual Change: 8%Negative Equity*: 10%

Home Values Forecast

(next 12 months)

National: 2.8%Augusta Metro: 4.4%

Major Cities - Home Values

AikenCurrent: $145,300Monthly Change: -0.7%Annual Change: 10.7%

EvansCurrent: $254,000Monthly Change: 0.1%Annual Change: 2.2%

MartinezCurrent: $166,100Monthly Change: 0.3%Annual Change: 5.9%

North AugustaCurrent: $157,600Monthly Change: 0.1%Annual Change: 6.8%

GrovetownCurrent: $183,100Monthly Change: 0.3%Annual Change: 4.6%

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

City ZHVI Year-over-Year-7.6% 2.2% 2.3% - 4.6% 4.7% - 6.8% 6.9% - 11.6% 11.7% - 16.6%

Home Values (ZHVI)Increasing Values: 62.3%Decreasing Values: 31.6%Fall From Peak: 0%Peak ZHVI Date: 2019-04Peak ZHVI: $154,800

RentZillow Rent Index: $938

Monthly Change: 0.3%Annual Change: -0.4%

Rent List Price: $1,120Rent List/Sq. Ft.: $0.7

SalesMedian Sale Price: $–

Monthly Change: –%Annual Change: –%

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

ListingsMedian List Price: $199,900

Monthly Change: -1.2%Annual Change: -4.6%

List Price/Sq. Ft.: $100Listings with Price Cut: 9.9%Amount of Price Cut: 3.2%

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.

Page 2: APRIL2019 Augusta Metro · Augusta Metro: 4.4% Major Cities - Home Values Aiken Current: $145,300 Monthly Change: -0.7% Annual Change: 10.7% Evans Current: $254,000 Monthly Change:

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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Aiken 145,300 -0.7 0.8 10.7 1,033 -0.4 0.8 5.1 5.5 9.7Appling 1,313 0.5 1.2 3 5.2Augusta 743 2.1 -0.5 -11.8 5.3Belvedere 98,200 -0.9 -0.4 11.6 898 -0.2 -0.3 1 3.8Burnettown 56,800 -5.8 -13 -7.6 848 -0.4 -0.6 0.7 17.1Dearing 103,100 0.2 0.4 13.7 4.9 10.5Edgefield 98,000 -1.6 -2.7 5.6 1,020 0.2 0.8 4.2 -0.4 14.6Evans 254,000 0.1 0.6 2.2 1,479 0.3 -0.1 -0.3 1.3 7.4Gloverville 799 -1 -2 0.4Grovetown 183,100 0.3 1.1 4.6 1,165 0.6 0.9 1.7 3.1 10.6Harlem 154,700 0.1 1.5 16.6 1,133 0.4 1.3 -0.1 8.2 11.6Jackson 844 -0.8 -1.1 3.4 17.3Lincolnton 1,192 0.4 1.7 5.5 12Martinez 166,100 0.3 0.7 5.9 1,187 0.4 0.8 1.2 3.5 7.3Murphys Estates 980 0.8 1.2 7.7New Ellenton 830 -0.2 -0.7 5.7 25North Augusta 157,600 0.1 1 6.8 1,178 0 0.5 2.6 2.8 9.3Tignall 1,171 -0.1 0.4 2.9 10.5Trenton 92,700 -1.1 -3 5.8 955 0.4 0.7 4.5 -2.9 16.7Windsor 927 -1.6 -0.3 9.1

Largest Counties Covered by Zillow

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Aiken County 113,800 -1 -1.1 8.6 1.9Burke County 79,000 -1.7 -2 11Columbia County 198,700 0.3 1 5 1,277 0.4 1 2.9 3.1Edgefield County 140,200 -0.1 -0.2 4.1 1,077 0.3 1.1 7.5 1.2Lincoln County 1,189 0.4 1.6 5.5Richmond County 742 2.1 -0.5 -12