South Florida housing values continue to climb, S&P/Case-Shiller index says

Miami /
Apr.April 30, 2013 01:00 PM

According to Standard & Poor’s/Case-Shiller index, South Florida’s housing stock appreciated 10.8 percent in February from the year before, the Sun-Sentinel reported, marking 14 consecutive months of increases.

As in half of 20 metro areas surveyed, South Florida showed double-digit increases in home prices over the last year. The Phoenix area saw the biggest jump, with a 23 percent gain year-over-year.

“Despite some recent mixed economic reports for March, housing continues to be one of the brighter spots in the economy,” said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, in a statement.

Broward County’s median price for existing homes in March was $242,500, a 26 percent increase from a year earlier, according to the Greater Fort Lauderdale Realtors. In Palm Beach County, the median price last month hit $249,894, 28 percent higher than a year ago, the Realtors Association of the Palm Beaches reported.

The median price of a single-family home in Miami-Dade County soared 25.1 percent to $225,000 in March from $179,850 a year earlier, the Miami Association of Realtors said.

The median price of a Miami-Dade condo jumped 19.3 percent year over year, to $167,000 from $140,000. [Sun-Sentinel]Emily Schmall


Related Articles

arrow_forward_ios
Tommy and Dee Hilfiger with 930 South Ocean Blvd in Palm Beach (Google Maps, Getty)
Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
Former NFL owner Dwight Schar, 550 S Ocean Blvd, Palm Beach
Billionaire former NFL owner Dwight Schar sells Palm Beach estate for $45M
Billionaire former NFL owner Dwight Schar sells Palm Beach estate for $45M
6 Via Los Incas, 241 Jungle Road and 150 El Vedado Road with Designer Tom Ford, Josh Harris and Rob Heyvaert
Flipper’s paradise: Ultra-rich score on Palm Beach sales
Flipper’s paradise: Ultra-rich score on Palm Beach sales
Cushman & Wakefield's Denny St. Germain and Robert Given with 1151 Southwest Ninth Avenue in Fort Lauderdale
CushWake brokers’ entity pays $22M for Fort Lauderdale dev site
CushWake brokers’ entity pays $22M for Fort Lauderdale dev site
From left: Randall Realty Group’s Jordan, Jim, and Benjamin Randall along with 2875 South Ocean Boulevard in Palm Beach (Getty, LoopNet, Randall Realty Group)
Randall Realty pays $15M for Palm Beach office-retail building
Randall Realty pays $15M for Palm Beach office-retail building
Sanders Capital's Lewis Sanders with 466 South Ocean Boulevard (Sanders Capital, Google Maps, Getty)
Financier flips Palm Beach townhome to hedge funder for $27M
Financier flips Palm Beach townhome to hedge funder for $27M
Jimmy Tate, Sergio Rok and  Jorge Pérez with renderings of the project
Related Group joins $1B-plus Bahia Mar project in Fort Lauderdale
Related Group joins $1B-plus Bahia Mar project in Fort Lauderdale
1400 S Ocean Boulevard and P4 Healthcare's Raj Mantena (Luxury Resort Portfolio, ASCO.org)
Health care CEO buys oceanfront Manalapan estate for $48M
Health care CEO buys oceanfront Manalapan estate for $48M
arrow_forward_ios

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

Loading...