april2019 kingston metrozillow r is the leading real estate and rental marketplace dedicated to...

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www.zillow.com/research/ APRIL2019 Kingston Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Kingston Home Values Current: $227,700 Monthly Change: -0.7% Quarterly Change: -0.5% Annual Change: 5.7% Negative Equity*: 9.3% Home Values Forecast (next 12 months) National: 2.8% Kingston Metro: 1.4% Major Cities - Home Values Kingston Current: $171,700 Monthly Change: -0.6% Annual Change: 10.8% Saugerties Current: $219,900 Monthly Change: -1.7% Annual Change: 4.3% New Paltz Current: $281,900 Monthly Change: -0.8% Annual Change: 2.4% Shawangunk Current: $236,700 Monthly Change: 0.1% Annual Change: 4% Plattekill Current: $243,100 Monthly Change: 0.2% Annual Change: 7.1% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -7.4% -7.3% - -0.1% 0.4% - 0.7% 0.8% - 3.2% 3.3% - 5.3% 5.4% - 8.9% 9.0% - 19.3% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -10.1% Peak ZHVI Date: 2006-01 Peak ZHVI: $253,400 Rent Zillow Rent Index: $1,718 Monthly Change: -0.2% Annual Change: 2.1% Rent List Price: $1,700 Rent List/Sq. Ft.: $1.3 Sales Median Sale Price: $222,000 Monthly Change: 0% Annual Change: 5.1% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: Sold for a Loss/Gain: –%/–% Listings Median List Price: $269,000 Monthly Change: 3.5% Annual Change: 7.6% List Price/Sq. Ft.: $164 Listings with Price Cut: 14.1% Amount of Price Cut: 4.2% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: Annual Change: Foreclosure Resales: 0% Monthly Change: 0pp Annual Change: 0pp 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.

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Page 1: APRIL2019 Kingston MetroZillow R is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place ... Ulster

www.zillow.com/research/

APRIL2019 Kingston Metro

National Home Values

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

Kingston Home Values

Current: $227,700Monthly Change: -0.7%Quarterly Change: -0.5%Annual Change: 5.7%Negative Equity*: 9.3%

Home Values Forecast

(next 12 months)

National: 2.8%Kingston Metro: 1.4%

Major Cities - Home Values

KingstonCurrent: $171,700Monthly Change: -0.6%Annual Change: 10.8%

SaugertiesCurrent: $219,900Monthly Change: -1.7%Annual Change: 4.3%

New PaltzCurrent: $281,900Monthly Change: -0.8%Annual Change: 2.4%

ShawangunkCurrent: $236,700Monthly Change: 0.1%Annual Change: 4%

PlattekillCurrent: $243,100Monthly Change: 0.2%Annual Change: 7.1%

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

City ZHVI Year-over-Year-7.4% -7.3% - -0.1% 0.4% - 0.7% 0.8% - 3.2% 3.3% - 5.3% 5.4% - 8.9% 9.0% - 19.3%

Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -10.1%Peak ZHVI Date: 2006-01Peak ZHVI: $253,400

RentZillow Rent Index: $1,718Monthly Change: -0.2%Annual Change: 2.1%

Rent List Price: $1,700Rent List/Sq. Ft.: $1.3

SalesMedian Sale Price: $222,000Monthly Change: 0%Annual Change: 5.1%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $269,000Monthly Change: 3.5%Annual Change: 7.6%

List Price/Sq. Ft.: $164Listings with Price Cut: 14.1%Amount of Price Cut: 4.2%

ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –

Foreclosure Resales: 0%Monthly Change: 0ppAnnual Change: 0pp

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 Kingston MetroZillow R is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place ... Ulster

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(%

)

Ellenville 104,700 -5.5 -7.7 -7.4 122,400 2017-10 -14.5 1,403 0.4 2.4 10.9Gardiner 321,300 -1.4 -3.2 0.7 364,600 2007-06 -11.9 1,891 0.6 1.8 4.5 -2.3 11.4Highland 207,900 0.1 0.2 3.2 256,000 2006-04 -18.8 1,766 -0.3 0.1 3.7 1.1Hurley 233,600 -0.3 0.6 6.4 257,100 2006-02 -9.1 1,812 -0.1 0.2 6.3 2.4 3.2Kingston 171,700 -0.6 0.4 10.8 189,900 2007-04 -9.6 1,561 -0.4 -0.3 0.7 4.4 10.5Lake Katrine 179,700 -0.6 -0.9 6.2 204,200 2007-06 -12.0 1,598 -0.5 -0.6 0.4 1 3.6Lloyd 254,000 0.5 1.9 8.9 299,000 2006-07 -15.1 1,841 0.3 0.3 2 5.2 9.6Marbletown 296,500 -0.9 -0.8 2.7 317,600 2005-11 -6.6 1,850 0.5 1.5 4.9 -0.9 8.5Marlboro 229,700 1.8 2.9 5.3 298,200 2007-05 -23.0 1,828 -0.2 -0.2 2.1 3.8 13.4Milton 241,800 0.2 1.6 11.3 293,000 2006-12 -17.5 1,808 0 0.1 2.4 5.9New Paltz 281,900 -0.8 -1.2 2.4 302,300 2006-01 -6.7 1,921 0.6 1.5 6.8 -1 6.6Olive 278,400 0.8 2.1 2.8 286,900 2005-10 -3.0 1,725 0.4 0.1 1.6 1.5Plattekill 243,100 0.2 1.4 7.1 289,300 2006-09 -16.0 1,833 -0.2 0.4 6.8 3.7 8.4Rochester 235,900 -1.3 -3.2 4.4 263,200 2005-10 -10.4 1,689 0.2 -0.4 1.2 -2 12.7Saugerties 219,900 -1.7 -2.6 4.3 234,200 2006-07 -6.1 1,747 -0.4 -0.7 1.7 -1.2 8.3Shandaken 221,500 -1 1 19.3 223,800 2019-03 -1.0 1,522 0.7 1.5 3.7 8.2 30Shawangunk 236,700 0.1 0.9 4 291,400 2007-05 -18.8 1,635 0.3 0.3 4.3 1.9 11.5Ulster 197,600 -1.8 -3 1.9 223,500 2006-05 -11.6 1,654 -0.1 0.5 1.8 -2.5Wawarsing 158,900 -1.1 -1.1 5 189,300 2007-08 -16.1 1,482 0.5 1 3.3 0.7 23.3Woodstock 372,000 -2.4 -4.1 0.4 388,600 2018-09 -4.3 1,875 1.2 1.5 2.4 2.2

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)

Ulster County 227,700 -0.7 -0.5 5.7 253,400 2006-01 -10.1 1,718 -0.2 -0.5 2.1 1.4