www.zillow.com/research/ APRIL2019 Naples Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Naples Home Values Current: $334,400 Monthly Change: -0.6% Quarterly Change: -0.8% Annual Change: 1.6% Negative Equity*: 6.1% Home Values Forecast (next 12 months) National: 2.8% Naples Metro: -0.9% Major Cities - Home Values Naples Current: $320,300 Monthly Change: -0.8% Annual Change: 1.1% Marco Island Current: $546,700 Monthly Change: -0.5% Annual Change: 1.9% Oshtemo Current: $220,300 Monthly Change: -0.2% Annual Change: 8.5% Texas Current: $315,900 Monthly Change: 0.4% Annual Change: 8.7% Paw Paw Current: $149,600 Monthly Change: 0.3% Annual Change: 15.3% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year 1.1% 1.2% - 1.9% Home Values (ZHVI) Increasing Values: 29.3% Decreasing Values: 60.5% Fall From Peak: -26.1% Peak ZHVI Date: 2006-07 Peak ZHVI: $452,200 Rent Zillow Rent Index: $– Monthly Change: –% Annual Change: –% Rent List Price: $3,700 Rent List/Sq. Ft.: $2.4 Sales Median Sale Price: $331,500 Monthly Change: 0.3% Annual Change: 0.9% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $425,000 Monthly Change: 1.2% Annual Change: 1.4% List Price/Sq. Ft.: $204 Listings with Price Cut: 18.2% Amount of Price Cut: 2.9% 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.