search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
South Florida

Real estate roller coaster in 20 U.S. cities

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

Sign Up for the undefined Newsletter

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

Tags
Case-shiller Home Prices Index