The Real Deal New York

South Florida homes valued at $717B total: study

Amount up nearly 10 percent year-over-year
December 19, 2014 03:05PM

From the South Florida website: The total value of homes in the South Florida market topped $717 billion in November. That’s up close to 10 percent from the same period a year ago.

The gain in November far outpaced the 6.7 percent increase in the total value of all homes in the U.S. Houses in the U.S. have an estimated combined value of $27.5 trillion.

The total value of South Florida homes is expected to grow in the coming year, but only by 2 percent, according to a Zillow study reported by the Palm Beach Post.

The national total is predicted to rise 2.4 percent. [Palm Beach Post] — William J. Gorta