NYC area sees home prices increase: CoreLogic

New York /
Sep.September 04, 2012 12:30 PM

Home prices nationwide, as well as those in the New York City area, have increased, according to data released today by CoreLogic.

On a nationwide basis, home prices, which include distressed sales, increased year-over-year in July by 3.8 percent. This marks the biggest year-over-year increase since August 2006. Month-over-month, also including distressed sales, U.S. home prices climbed 1.3 percent, making it the fifth consecutive home-price increase both year-over-year and month-over-month.

In the New York-White Plains-Wayne, NY-NJ region, home prices saw a 3.4 percent year-over-year increase in July, which also included distressed sales; month-over-month, prices went up 3 percent. Excluding distressed sales, prices saw a 3.1 percent year-over-year uptick. New York state as a whole had a 5.4 percent year-over-year increase in home prices including distressed sales. Excluding them, prices went up 5.2 percent in the 12 months ending in July.

As The Real Deal reported last week, New York posted a 2.1 percent increase in prices in June over May, according to S&P/Case-Shiller data.

Both including and excluding distressed sales, Arizona saw the highest appreciation year-over-year — 16.6 percent and 11.3 percent, respectively. In fact, the Phoenix-Mesa-Glendale area saw a 19.9 percent year-over-year jump including distressed properties and a 14.9 percent year-over-year climb excluding them.

For the same categories, Delaware saw the greatest depreciation: 4.8 percent including distressed sales and 3.5 percent excluding them. — Zachary Kussin


Related Articles

arrow_forward_ios
Vacation home sales took a dip this summer
Vacation home sales took a dip this summer
Vacation home sales took a dip this summer
Ribbon co-founders Shaival Shah and Wei Gan (Ribbon, iStock)
Homebuying startup Ribbon to take on Midwest, West Coast markets
Homebuying startup Ribbon to take on Midwest, West Coast markets
Orchard raises $100M in Series D Funding, says no timing set for potential IPO
Orchard raises $100M in Series D Funding, says no timing set for potential IPO
Orchard raises $100M in Series D Funding, says no timing set for potential IPO
HomeLight Founder and CEO Drew Uher & COO Sumant Sridharan (HomeLight, Uher)
HomeLight lands $100M in Series D equity, valuing company at $1.6B
HomeLight lands $100M in Series D equity, valuing company at $1.6B
Single-family homes, co-ops, condominiums and townhouses saw sales rise by 2 percent from June to a seasonally adjusted rate of about 6 million. (iStock)
Existing home sales rise for second-straight month
Existing home sales rise for second-straight month
Reali CEO Tyler Baldwin (Reali)
Home buying and selling platform Reali raises $250M in Series B round
Home buying and selling platform Reali raises $250M in Series B round
Rising construction costs threaten the homebuilding boom
Rising construction costs threaten the homebuilding boom
Rising construction costs threaten the homebuilding boom
The median price for an existing home in the Phoenix area reached $399,900 in June (Getty)
Home prices continue to soar in Phoenix
Home prices continue to soar in Phoenix
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...