Page 1
www.zillow.com/research/
APRIL2019 Charleston Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Charleston Home Values
Current: $255,100Monthly Change: -0.2%Quarterly Change: 0.4%Annual Change: 4.5%Negative Equity*: 5.9%
Home Values Forecast
(next 12 months)
National: 2.8%Charleston Metro: 2%
Major Cities - Home Values
CharlestonCurrent: $319,100Monthly Change: -0.7%Annual Change: 3.8%
SummervilleCurrent: $219,800Monthly Change: 0.2%Annual Change: 5.7%
North CharlestonCurrent: $170,900Monthly Change: -0.3%Annual Change: 6.9%
Mount PleasantCurrent: $449,400Monthly Change: -0.5%Annual Change: 1.6%
Goose CreekCurrent: $187,700Monthly Change: -0.2%Annual Change: 7.4%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-2.1% -2.0% - -2.0% 1.6% - 3.2% 3.3% - 5.7% 5.8% - 7.8% 7.9% - 14.2% 14.3% - 21.3%
Home Values (ZHVI)Increasing Values: 67.3%Decreasing Values: 24.1%Fall From Peak: -0.2%Peak ZHVI Date: 2019-03Peak ZHVI: $255,500
RentZillow Rent Index: $1,650Monthly Change: 0.3%Annual Change: 3.3%
Rent List Price: $1,800Rent List/Sq. Ft.: $1.3
SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $339,000Monthly Change: 0.3%Annual Change: 2.7%
List Price/Sq. Ft.: $173Listings with Price Cut: 19.7%Amount of Price Cut: 2%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
Page 2
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Bonneau 187,600 -0.1 0.4 21.3 1,277 0.7 1.6 0.2 9.1 7.3Charleston 319,100 -0.7 -1 3.8 1,873 0.6 1.2 2.7 0.4 4.8Cross 1,176 0.8 1.9 6.3Dorchester 1,373 -0.1 0.2 3 35.3Folly Beach 753,400 -0.3 0.6 14.2 2,702 0.1 -0.4 0.3 5.5Goose Creek 187,700 -0.2 0.4 7.4 1,359 0.5 1 3 3.8 7.6Hanahan 237,500 0 0.2 4.7 1,546 0.2 0.9 3.4 1.4 6.4Hollywood 281,000 0.6 2.1 10 1,873 -0.2 -0.6 6.2 6.1 6.8Huger 237,500 -0.8 0.7 12.2 1,461 0.9 2.2 -2 7.6 8.7Isle of Palms 815,700 -0.2 -0.1 6.8 3,224 0.5 1.9 7.8 2.8 5Ladson 168,400 -0.2 0.5 7.8 1,278 0.7 1.8 2.8 3.8 7Moncks Corner 218,800 0.1 0.5 5.2 1,429 0.6 1.5 4 2.8 6.4Mount Pleasant 449,400 -0.5 -0.2 1.6 2,386 0.4 1.1 2.2 0.1 3.8North Charleston 170,900 -0.3 -0.1 6.9 1,360 0.4 0.8 3.8 2.7 8.4Ravenel 257,900 -0.5 -1.4 7.3 1,727 -0.3 -0.3 4.6 1.7 4.5Ridgeville 207,100 -1.4 -1.9 4.8 1,397 0.4 0.9 3.6 -0.3 10.6Saint George 134,700 -3.2 -2 11.3 1,336 -0.2 -0.2 4.9 3 11.8Saint Stephen 1,201 0.9 1.4 -0.2Summerville 219,800 0.2 1 5.7 1,502 0.3 0.7 3.5 3.1 6.3Wadmalaw Island 392,300 -1.1 1 9 1,985 0.3 0.6 10 4.4 4.5
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)Berkeley County 204,100 0 0.7 7.9 1,397 0.5 0.9 3.1 4Charleston County 330,800 -0.8 -0.9 2.7 1,906 0.4 1 3.4 0Dorchester County 214,700 0.1 1 6.2 1,495 0.2 0.5 3.7 3.3