SoFla home prices up 16.5%: Case-Shiller

TRD MIAMI /
Jan.January 28, 2014 03:45 PM

The South Florida housing price index experienced a 16.5 percent rise in November year-over-year, according to a report from Standard & Poor’s/Case-Shiller.

The counties – Miami-Dade, Broward and Palm Beach – have been up every year for the past 22 years. The metro area is one of 20 that the index tracks; all increased year-over-year in November. Las Vegas had the biggest increase, at 27.3 percent.

“Combined with low inflation — 1.5 percent in 2013 – homeowners are enjoying real appreciation and rising equity values,” David M. Blitzerof Standard & Poor’s wrote in a statement, cited by the Sun-Sentinel. “While housing will make further contributions to the economy in 2014, the pace of price gains is likely to slow during the year.”

The median sales price for a single-family home was up 15 percent year-over-year – reaching $265,000 – in December, according to the Realtors Association of the Palm Beaches. The number of closed deals jumped by 12 percent to 1,325 in December. [Sun-Sentinel]Mark Maurer


Related Articles

arrow_forward_ios
Pace of SoFla home price growth slows down: Case-Shiller

Pace of SoFla home price growth slows down: Case-Shiller

South Florida home prices rise 16.2% year-over-year

South Florida home prices rise 16.2% year-over-year

South Florida home values jump 16%: Case-Shiller

South Florida home values jump 16%: Case-Shiller

South Florida home prices jump 16.5%: Case-Shiller

South Florida home prices jump 16.5%: Case-Shiller

Placeholder image

SoFla home prices rise again in national index

Placeholder image

Nationwide housing prices are worse than previously reported, decline further

Map of priciest condo sales and 2675 South Bayshore Drive, unit 602-S

These were Miami’s most expensive condo sales last week

Dev Motwani, Johnny Allison, and 2401 West Broward Boulevard (Credit: Google Maps)

Dev Motwani nabs loan for Fort Lauderdale project

arrow_forward_ios
Loading...