search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountVornado, Rudin reveal plan for larger 350 Park Avenue projectVornado, Rudin reveal plan for larger 350 Park Avenue projectLincoln Property defaults on Newport Beach office loanLincoln Property defaults on Newport Beach office loan
South Florida

Miami home prices climb 14.5% year-over-year

Home prices in greater Miami area remain on a higher plane than this time last year. They rose 14.5 percent in August year-over-year and increased slightly — by 1.4 percent — from last month, according to data from CoreLogic.

If not including distressed sales, prices in the Miami-Miami Beach-Kendall metro area grew by an ever wider margin – 17.6 percent – in August. There was a 2.3 percent increase from last month.

Sign Up for the undefined Newsletter

Statewide, prices, including distressed sales, jumped 12.7 percent year-over-year.

Now that South Florida home prices near the peak of the last boom, analysts are projecting a reverse in the trend. Prices in Miami-Dade County, for example, are expected to drop 2.7 percent from the first quarter of this year to the first quarter of next year, as previously reported. [Miami Herald] — Mark Maurer

Tags
Case-shiller Home Prices IndexCorelogic