Real estate roller coaster in 20 U.S. cities

S&P/Case-Shiller index shows most values below peak levels

Sep.September 26, 2013 01:00 PM

S&P/Case-Shiller Index, credit The New York Times

Miami is below the S&P/Case-Shiller index of 20 U.S. cities’ average appreciation over a decade, with the average home in July worth 11 percent more than in July 2003, compared to the cities’ average of 14 percent more.

The biggest gainers were Seattle and Portland, tied with 34 percent growth, according to a graph in the New York Times, mapping the data released Sept. 24.

Annual leaders in the last 12 months have been Las Vegas and San Francisco, with 28 percent appreciation and 25 percent appreciation respectively.

While Las Vegas is 49 percent below its peak level of prices, Miami remains 40 percent below the peak. Currently at their peak levels, Denver and Dallas are the only cities in the index who are not at depreciated levels compared to the peak of the market, the graph showed. [NYT] Emily Schmall

Related Article


SoFla home prices saw country’s sixth-highest growth in December

Home sales

South Florida home prices keep rising: S&P/Case Shiller

Placeholder image

In July, U.S. home prices gained most in seven years

Placeholder image

U.S. home prices gaining, index shows

Placeholder image

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

Landmark bank in downtown Hollywood could be torn down for rentals, Miami-Dade approves $300M cruise terminal: Daily digest

Ritz Carlton Residences Miami Beach and Petra Levin

Petra Levin snags condo at Ritz-Carlton Residences Miami Beach

South Florida (Credit: iStock)

August was a slow month for home sales throughout South Florida

Brickell City Centr

Allegations of employee theft, retaliation and female harassment at Swire: lawsuit

Sunny Isles Beach skyline (Credit: Getty Images)

Sunny Isles Beach imposes one-year development moratorium west of Collins Avenue

The Real Deal South Florida’s fall issue is now available to all subscribers

Diplomat Beach Resort at at 3555 South Ocean Drive

Brookfield’s Hollywood Diplomat scores $168M refi

Mark your calendars: These are South Florida’s top real estate events next week