APRIL2016 Bozeman Metro

APRIL2016
Bozeman Metro
National Home Values
Current:
$187,000
Monthly Change:
0.3%
Quarterly Change: 1.2%
Annual Change:
4.9%
Negative Equity*: 13.1%
Bozeman Home Values
Current:
$272,700
Monthly Change:
0.9%
Quarterly Change: 2.1%
Annual Change:
4%
Negative Equity*: 10.2%
Home Values Forecast
(next 12 months)
National:
Bozeman Metro:
2.4%
–%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year
Major Cities - Home Values
Bozeman
Current:
Monthly Change:
Annual Change:
$295,700
0.5%
4.5%
Belgrade
Current:
Monthly Change:
Annual Change:
$205,300
0.2%
5.9%
Three Forks
Current:
Monthly Change:
Annual Change:
$186,500
0.1%
9.9%
Manhattan
Current:
Monthly Change:
Annual Change:
$229,900
0.7%
2.2%
Cambridge
Current:
Monthly Change:
Annual Change:
$175,700
−1%
1.6%
2.2%
Home Values (ZHVI)
Increasing Values:
Decreasing Values:
Fall From Peak:
Peak ZHVI Date:
Peak ZHVI:
Sales
Median Sale Price:
Monthly Change:
Annual Change:
Sale Price/Sq. Ft.:
Sale-to-list Price Ratio:
Sold for a Loss/Gain:
Foreclosures
Homes Foreclosed:
Monthly Change:
Annual Change:
Foreclosure Resales:
Monthly Change:
Annual Change:
2.3% - 4.5%
4.6% - 5.9%
6.0% - 9.9%
–%
–%
−13.6%
2009-07
$315,700
Rent
Zillow Rent Index:
Monthly Change:
Annual Change:
Rent List Price:
Rent List/Sq. Ft.:
$–
–%
–%
$–
–
–%/–%
Listings
Median List Price:
Monthly Change:
Annual Change:
List Price/Sq. Ft.:
Listings with Price Cut:
Amount of Price Cut:
–/10, 000
–
–
–%
–pp
–pp
* Negative equity data is from 2015Q4.
www.zillow.com/research/
$1,533
0.9%
4.7%
$–
$1
$349,900
–%
–%
$184
5.3%
2.9%
How do we track home values? To
track home values, we use the Zillow
Home Value Index (ZHVI). The ZHVI is
the mid-point of estimated home values
for the area. Half the estimated home
values are above this number and half
are below.
APRIL2016
229,900
186,500
0.7
0.1
2.9
2.9
2.2
9.9
320,900
277,400
2009-07
2009-10
-28.4
-32.8
1,365
1,589
1,508
1,470
3.1
0.5
0.7
2.6
5.4
3
2.2
2.1
3.7
6.5
-4.6
1.6
1,576
1
5.6
10.8
Negative Equity (%)
-27
-8.8
Home Value Bottom
2009-06
2009-07
Forecast YoY (%)
Change from Peak (%)
281,300
324,300
Forecast ZHVI ($)
Peak Month
5.9
4.5
ZRI YoY (%)
ZHVI Peak ($)
2.2
1.4
ZRI QoQ (%)
ZHVI YoY (%)
0.2
0.5
ZRI MoM (%)
ZHVI QoQ (%)
205,300
295,700
Rents- ZRI ($)
ZHVI MoM (%)
Belgrade
Bozeman
Gallatin Gateway
Manhattan
Three Forks
West Yellowstone
Home Values- ZHVI ($)
Largest Cities Covered by Zillow
11.6
10
Peak Month
Change from Peak (%)
Rents- ZRI ($)
ZRI MoM (%)
ZRI QoQ (%)
ZRI YoY (%)
4
315,700
2009-07
-13.6
1,533
0.9
2.8
4.7
Negative Equity (%)
ZHVI Peak ($)
2.1
Home Value Bottom
ZHVI YoY (%)
0.9
Forecast YoY (%)
ZHVI QoQ (%)
272,700
Forecast ZHVI ($)
ZHVI MoM (%)
Gallatin
Home Values- ZHVI ($)
Largest Counties Covered by Zillow
10.2
*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/