Real estate in Atlanta

SEPTEMBER2016
Atlanta Metro
National Home Values
Current:
$189,400
Monthly Change:
0.5%
Quarterly Change: 1.6%
Annual Change:
5.5%
Negative Equity*: 12.1%
Atlanta Home Values
Current:
$169,600
Monthly Change:
0.8%
Quarterly Change: 2%
Annual Change:
7.5%
Negative Equity*: 14.7%
Home Values Forecast
(next 12 months)
National:
Atlanta Metro:
2.9%
5%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year
Major Cities - Home Values
Atlanta
Current:
Monthly Change:
Annual Change:
$196,200
0.9%
10.5%
Marietta
Current:
Monthly Change:
Annual Change:
$246,200
0.8%
9.1%
Lawrenceville
Current:
Monthly Change:
Annual Change:
$176,200
0.9%
8.3%
Cumming
Current:
Monthly Change:
Annual Change:
$272,900
0.4%
5.6%
Stone Mountain
Current:
$123,500
Monthly Change: 1.3%
Annual Change:
8.1%
-3.9%
-3.8% - -2.7% -2.6% - -1.5% -1.4% - -0.6%
0.7% - 5.1%
5.2% - 8.0%
8.1% - 11.4%
Rent
Zillow Rent Index:
Monthly Change:
Annual Change:
Rent List Price:
Rent List/Sq. Ft.:
11.5% - 16.6% 16.7% - 32.7%
Home Values (ZHVI)
Increasing Values:
Decreasing Values:
Fall From Peak:
Peak ZHVI Date:
Peak ZHVI:
79.8%
14.5%
−2.8%
2006-11
$174,500
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:
–%
Monthly Change:
–%
Annual Change:
$–
List Price/Sq. Ft.:
–
Listings with Price Cut:
18.6%/81.4% Amount of Price Cut:
Foreclosures
Homes Foreclosed:
Monthly Change:
Annual Change:
Foreclosure Resales:
Monthly Change:
Annual Change:
–/10, 000
–
–
–%
–pp
–pp
* Negative equity data is from 2016Q2.
www.zillow.com/research/
$1,319
0.4%
3.6%
$1,300
$0.7
$227,900
–%
–%
$105
15.6%
2.9%
How do we track home values? To
track home values, we use the Zillow
Home Value Index (ZHVI). The ZHVI is
the mid-point of estimated home values
for the area. Half the estimated home
values are above this number and half
are below.
SEPTEMBER2016
ZHVI YoY (%)
ZHVI Peak ($)
Peak Month
Change from Peak (%)
Rents- ZRI ($)
ZRI MoM (%)
ZRI QoQ (%)
ZRI YoY (%)
Forecast ZHVI ($)
Forecast YoY (%)
0.6
0.9
0.7
0.8
0.7
0.4
0.4
1.1
0.9
0.9
0.6
0.8
0
0.4
1.3
0.8
0.5
1.3
1.3
1
2.2
2.9
1.9
1.8
2.1
1.2
1.7
3.2
2.5
2.3
3
2.8
0.7
1.7
2.7
2.7
1.7
3.9
4.7
2.9
7
10.5
8.7
6.8
6.3
5.6
6.1
9.9
6.8
8.3
8.4
9.1
4.3
6
10.8
7.7
5.5
12.1
8.1
9.2
187,900
198,000
230,400
158,600
137,500
272,900
151,800
207,200
200,200
178,700
140,800
246,200
172,200
168,500
143,000
344,600
446,400
230,500
153,600
206,800
2016-09
2006-04
2016-09
2006-10
2006-10
2016-09
2006-10
2016-09
2016-09
2007-01
2006-11
2016-09
2007-03
2016-09
2006-12
2016-09
2016-09
2016-09
2006-07
2016-09
0.0
-0.9
0.0
-19.7
-10.0
0.0
-13.5
0.0
0.0
-1.4
-23.8
0.0
-6.4
0.0
-5.7
0.0
0.0
0.0
-19.6
0.0
1,378
1,463
1,483
1,052
1,003
1,702
1,108
1,425
1,432
1,347
1,033
1,580
1,268
1,319
1,193
2,067
2,463
1,502
1,088
1,447
0.1
0.7
0.4
0.5
0.2
-0.5
0
0.5
0
0.3
0.1
-0.4
0.1
-0.3
0
0.7
0.5
-0.4
0.3
0.3
0.1
1.3
1
-0.1
-0.3
-1.5
-0.4
1.2
0.4
0.8
0.7
-0.9
0.6
-1.6
-0.3
1.3
1.1
-0.9
0.6
1
3.1
5
4.4
0
1.9
-2.7
3
4.2
3.2
3.4
4.6
2
2.8
0
3.6
2.7
7
2.9
3.6
5.9
196,888.3
208,479.2
242,707.2
133,531.3
129,743
285,195.9
137,946.1
217,075.6
209,741.7
185,021.1
112,993.2
259,508.9
169,616.4
176,216.1
142,526.9
361,788.3
466,075.4
242,078.1
131,047.5
217,929.6
4.8
6.3
5.3
4.9
4.8
4.5
5.1
4.8
4.8
5
5.3
5.4
5.3
4.6
5.7
5
4.4
5
6.1
5.4
2012
2012
2012
2013
2012
2012
2011
2012
2012
2012
2012
2012
2012
2012
2012
2011
2011
2012
2012
2012
Negative Equity (%)
ZHVI QoQ (%)
187,900
196,200
230,400
127,300
123,800
272,900
131,300
207,200
200,200
176,200
107,300
246,200
161,100
168,500
134,800
344,600
446,400
230,500
123,500
206,800
Home Value Bottom
ZHVI MoM (%)
Acworth
Atlanta
Canton
Conyers
Covington
Cumming
Douglasville
Duluth
Kennesaw
Lawrenceville
Lithonia
Marietta
McDonough
Newnan
Norcross
Roswell
Sandy Springs
Smyrna
Stone Mountain
Woodstock
Home Values- ZHVI ($)
Largest Cities Covered by Zillow
Q1
Q1
Q4
Q2
Q3
Q2
Q4
Q2
Q2
Q2
Q3
Q2
Q1
Q2
Q2
Q4
Q4
Q2
Q4
Q1
8.8
20.8
6.1
22.1
21.6
7.5
18.4
7.7
9.0
9.3
35.6
9.2
15.2
9.3
16.1
6.1
10.7
14.3
27.9
6.4
Q1
Q2
Q2
Q1
Q4
Q2
Q1
Q2
Q1
Q1
6.6
40.1
11.2
20.1
19.4
7.5
17.6
9.3
16.7
12.4
ZHVI YoY (%)
ZHVI Peak ($)
Peak Month
Change from Peak (%)
Rents- ZRI ($)
ZRI MoM (%)
ZRI QoQ (%)
ZRI YoY (%)
Forecast ZHVI ($)
Forecast YoY (%)
1.1
0.8
1
1.2
0.5
0.4
0.7
0.9
0.4
0.4
3.2
2.2
3
3.5
2.1
1.4
2.1
2.2
2.2
2.1
9.7
8.5
9.4
9.5
6.6
5.2
9
7.8
8
9
208,500
123,500
215,300
173,800
152,800
285,600
225,700
190,300
162,500
154,300
2016-09
2006-10
2016-09
2006-11
2006-10
2016-09
2016-09
2006-12
2006-12
2006-12
0.0
-32.0
0.0
-10.6
-13.5
0.0
0.0
-1.0
-6.8
-4.2
1,434
887
1,481
1,228
1,108
1,763
1,605
1,388
1,223
1,185
0.3
0.2
-0.2
0.7
0
-0.4
0.4
0.2
0.1
-0.2
1.1
0.8
-0.1
1.6
-0.3
-1.2
0.7
0.6
0.6
-0.4
5.5
4
3.8
5
2.5
-1.9
3.7
3.1
3.8
5.8
220,210.1
88,477.44
226,573.9
164,420.4
138,763.6
297,948.5
237,752.8
197,659
159,040.2
155,188.6
5.6
5.3
5.2
5.8
5
4.3
5.3
4.9
5
5
2012
2012
2012
2012
2011
2012
2012
2012
2012
2013
Negative Equity (%)
ZHVI QoQ (%)
208,500
84,000
215,300
155,400
132,200
285,600
225,700
188,400
151,500
147,800
Home Value Bottom
ZHVI MoM (%)
Cherokee
Clayton
Cobb
Dekalb
Douglas
Forsyth
Fulton
Gwinnett
Henry
Paulding
Home Values- ZHVI ($)
Largest Counties Covered by Zillow
*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 place
they call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics and
analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing
data and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price Expectations
Survey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow Home
Value Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence in
local housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), and
headquartered in Seattle.
www.zillow.com/research/