JUNE2016
Bellingham Metro
National Home Values Current: $187,000 Monthly Change: 0.4% Quarterly Change: 1.5% Annual Change: 5.4% Negative Equity*: 12.7% Bellingham Home Current: Monthly Change: Quarterly Change: Annual Change: Negative Equity*:
Values $311,100 0.9% 3.7% 11.2% 8.1%
Home Values Forecast (next 12 months)
National: Bellingham Metro:
2.9% 2.7%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year
Major Cities - Home Values Bellingham Current: Monthly Change: Annual Change:
$331,000 1% 11.4%
Ferndale Current: Monthly Change: Annual Change:
$308,200 0.9% 9.6%
Lynden Current: Monthly Change: Annual Change:
$310,400 1.1% 12%
Blaine Current: Monthly Change: Annual Change:
$261,100 1% 8.9%
Sudden Valley Current: Monthly Change: Annual Change:
$265,600 0.8% 10.1%
4.5% - 5.8%
5.9% - 8.2%
8.3% - 8.9%
9.0% - 10.1%
10.2% - 12.0%
Rent Zillow Rent Index: Monthly Change: Annual Change: Rent List Price: Rent List/Sq. Ft.:
Home Values (ZHVI) Increasing Values: Decreasing Values: Fall From Peak: Peak ZHVI Date: Peak ZHVI:
86.8% 9.4% 0% 2016-06 $311,100
Sales Median Sale Price: Monthly Change: Annual Change: Sale Price/Sq. Ft.: Sale-to-list Price Ratio: Sold for a Loss/Gain:
Listings $292,600 Median List Price: 0.1% Monthly Change: 2.8% Annual Change: $177 List Price/Sq. Ft.: – Listings with Price Cut: 12.8%/87.2% Amount of Price Cut:
Foreclosures Homes Foreclosed: Monthly Change: Annual Change: Foreclosure Resales: Monthly Change: Annual Change:
1.34/10, 000 -1 -1 4.4% 0.4pp -0.2pp
* Negative equity data is from 2016Q1. www.zillow.com/research/
$1,442 -0.8% 0.3% $1,400 $1.1
$329,500 –% –% $185 12.6% 3.5%
How do we track home values? To track home values, we use the Zillow Home Value Index (ZHVI). The ZHVI is the mid-point of estimated home values for the area. Half the estimated home values are above this number and half are below.
JUNE2016
ZHVI YoY (%)
ZHVI Peak ($)
Peak Month
Change from Peak (%)
Rents- ZRI ($)
ZRI MoM (%)
ZRI QoQ (%)
ZRI YoY (%)
Forecast ZHVI ($)
Forecast YoY (%)
1 1 1 0.8 -0.5 0.9 0.5 1.5 1.1 0.2 0.7 0.6 0.8 0.7
3.1 3.4 3.8 2.6 0.1 3.1 2.1 3.8 3.8 2.5 4.4 2.5 3.5 3.8
11.4 8.9 8.2 8.8 5.6 9.6 5.8 8.1 12 9.8 11.8 4.5 10.1 8.7
331,000 279,100 374,900 244,600 233,600 308,200 394,500 395,300 310,400 172,600 306,200 257,600 282,900 238,400
2016-06 2007-08 2007-10 2009-03 2016-04 2016-06 2016-06 2009-02 2016-06 2008-03 2016-06 2008-02 2006-04 2008-03
0.0 -6.4 -4.1 -2.2 -0.6 0.0 0.0 -11.1 0.0 -6.0 0.0 -7.3 -6.1 -1.8
1,511 1,365 1,497 1,274 1,315 1,448 1,830 1,458 1,436 1,028 1,448 1,278 1,466 1,309
-0.7 0.1 -1.3 1.2 0.6 -1 0.1 -1 -1.1 0.9 -1.1 0.8 0.1 0.6
-1.8 -0.4 -4.5 2.7 0.7 -2.9 1 -3.3 -2.6 3.1 -2.9 1.5 -0.5 1.2
0.7 1.4 -1.8 6.3 2.4 -1.4 -3.8 1.5 -1.2 0.3 -0.1 1.9 1.6 5.6
340,362.6 266,779.1 366,812.8 245,016 236,458.9 316,936.5 406,633.5 359,954.3 319,824.9 166,882.6 314,055.7 243,280.2 272,901.7 239,780.7
2.8 2.2 2 2.4 1.9 2.8 3.1 2.4 3 2.8 2.6 1.9 2.7 2.4
2012 2012 2012 2012 2012 2012 2011 2014 2012 2014 2011 2012 2012 2012
Negative Equity (%)
ZHVI QoQ (%)
331,000 261,100 359,500 239,200 232,100 308,200 394,500 351,600 310,400 162,300 306,200 238,700 265,600 234,200
Home Value Bottom
ZHVI MoM (%)
Bellingham Blaine Custer Deming Everson Ferndale Geneva Lummi Island Lynden Maple Falls Marietta-Alderwood Point Roberts Sudden Valley Sumas
Home Values- ZHVI ($)
Largest Cities Covered by Zillow
Q1 Q3 Q3 Q3 Q3 Q1 Q4 Q3 Q3 Q2 Q4 Q3 Q3 Q3
7.8 9.7 8.9 15.6 8.1 7 6 6.8 18.6 7.8 11.8
ZHVI MoM (%)
ZHVI QoQ (%)
ZHVI YoY (%)
ZHVI Peak ($)
Peak Month
Change from Peak (%)
Rents- ZRI ($)
ZRI MoM (%)
ZRI QoQ (%)
ZRI YoY (%)
Forecast ZHVI ($)
Forecast YoY (%)
Home Value Bottom
Negative Equity (%)
Whatcom
Home Values- ZHVI ($)
Largest Counties Covered by Zillow
311,100
0.9
3.7
11.2
311,100
2016-06
0
1,442
-0.8
-1.8
0.3
319,631.4
2.7
2012 Q3
8.1
*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 press@zillow.com
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/