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www.zillow.com/research/ APRIL2019 Greeley Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Greeley Home Values Current: $327,000 Monthly Change: -0.3% Quarterly Change: 0.4% Annual Change: 6.7% Negative Equity*: 2.9% Home Values Forecast (next 12 months) National: 2.8% Greeley Metro: 3% Major Cities - Home Values Greeley Current: $289,300 Monthly Change: 0% Annual Change: 8.5% Evans Current: $277,800 Monthly Change: 0.3% Annual Change: 8.6% Erie Current: $492,200 Monthly Change: -0.1% Annual Change: 4.6% Fort Lupton Current: $301,700 Monthly Change: -0.3% Annual Change: 7.4% Windsor Current: $402,100 Monthly Change: 0.1% Annual Change: 4.8% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 1.2% - 1.9% 2.0% - 5.5% 5.6% - 7.4% 7.5% - 9.3% 9.4% - 11.5% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -0.3% Peak ZHVI Date: 2019-03 Peak ZHVI: $327,900 Rent Zillow Rent Index: $1,729 Monthly Change: 0.3% Annual Change: 5.4% Rent List Price: $1,850 Rent List/Sq. Ft.: $1.2 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: $370,000 Monthly Change: 0.5% Annual Change: 4.1% List Price/Sq. Ft.: $206 Listings with Price Cut: 9.8% Amount of Price Cut: 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.

APRIL2019 Greeley Metro...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

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Page 1: APRIL2019 Greeley Metro...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

www.zillow.com/research/

APRIL2019 Greeley Metro

National Home Values

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

Greeley Home Values

Current: $327,000Monthly Change: -0.3%Quarterly Change: 0.4%Annual Change: 6.7%Negative Equity*: 2.9%

Home Values Forecast

(next 12 months)

National: 2.8%Greeley Metro: 3%

Major Cities - Home Values

GreeleyCurrent: $289,300Monthly Change: 0%Annual Change: 8.5%

EvansCurrent: $277,800Monthly Change: 0.3%Annual Change: 8.6%

ErieCurrent: $492,200Monthly Change: -0.1%Annual Change: 4.6%

Fort LuptonCurrent: $301,700Monthly Change: -0.3%Annual Change: 7.4%

WindsorCurrent: $402,100Monthly Change: 0.1%Annual Change: 4.8%

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

City ZHVI Year-over-Year1.2% - 1.9% 2.0% - 5.5% 5.6% - 7.4% 7.5% - 9.3% 9.4% - 11.5%

Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -0.3%Peak ZHVI Date: 2019-03Peak ZHVI: $327,900

RentZillow Rent Index: $1,729Monthly Change: 0.3%Annual Change: 5.4%

Rent List Price: $1,850Rent 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: $370,000Monthly Change: 0.5%Annual Change: 4.1%

List Price/Sq. Ft.: $206Listings with Price Cut: 9.8%Amount of Price Cut: 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.

Page 2: APRIL2019 Greeley Metro...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

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(%

)

Ault 290,000 0 0.7 1.9 290,000 2019-04 0 1,588 0.2 1.2 6.6 1.8 0Dacono 310,300 -0.4 0.2 8.8 311,700 2019-03 -0.4 1,609 1.4 3.3 7 3 2.3Eaton 316,300 -0.5 0.1 4.6 317,900 2019-03 -0.5 1,739 0.3 0.6 3.5 2.3 2.9Erie 492,200 -0.1 0.2 4.6 492,900 2019-03 -0.1 2,342 0.2 0.4 1.8 1.7 3.1Evans 277,800 0.3 1.4 8.6 277,800 2019-04 0 1,552 0.1 0.7 4.7 4.5 2.8Firestone 397,600 -0.2 0.3 6 398,300 2019-03 -0.2 1,782 0.2 1.1 3.7 2.6Fort Lupton 301,700 -0.3 0.5 7.4 302,700 2019-03 -0.3 1,622 0.6 1.4 5.9 3.2 3.1Frederick 388,900 -0.2 0.2 5.5 389,800 2019-03 -0.2 2,029 0.6 1.4 3.5 2.5 3.6Greeley 289,300 0 1 8.5 289,300 2019-04 0 1,641 -0.2 0.4 6.8 4.3 3.1Hudson 408,800 -1.5 -0.8 1.2 416,100 2019-02 -1.8 1,730 -0.3 0.2 5.2 0.1 1.2Johnstown 358,000 0 0.8 4.6 358,100 2019-03 0 1,894 0.3 1.1 4.6 2.6 2.7Keenesburg 332,100 -0.4 0.1 6.5 333,800 2019-02 -0.5 1,730 0.1 0.9 5 2.3 0Kersey 294,700 -0.1 0.8 11.5 295,100 2019-03 -0.1 1,569 0 0.5 5.4 5.9 3.2La Salle 268,000 -0.3 0.6 9.3 268,700 2019-03 -0.3 1,564 0.1 0.6 4.8 4.2 1.8Lochbuie 313,100 -0.3 0.3 7 314,100 2019-03 -0.3 1,586 0.9 2.4 5.2 3 3.6Mead 384,800 0.1 0.7 7.3 384,800 2019-04 0 2,054 0.4 0.4 1.9 3.8 3.1Milliken 308,600 -0.1 0.5 6.9 309,000 2019-03 -0.1 1,706 0.4 1.3 4.1 2.9 3.6Platteville 302,500 -0.4 0.3 7.3 303,900 2019-02 -0.5 1,632 0.4 1.2 5.8 3.4 3.2Severance 1,917 0 0.3 4.9Windsor 402,100 0.1 0.9 4.8 402,100 2019-04 0 1,976 0.7 1.2 1.2 2.8 3.5

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)

Weld County 327,000 -0.3 0.4 6.7 328,000 2019-03 -0.3 1,729 0.3 1.2 5.4 2.9