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...Latest News
Florida property price rises outstrip national average
Date:-27-Sep-2011
Asking prices for homes in parts of Florida for sale have appreciated by up to 27.4% in the past year, far outstripping average national price growth of 2.4% year-on-year, according to the latest data released from Realtor.com.
The research, based on August data of 2.2 million listings in 146 markets, reveals that Florida cities make up a staggering nine of the top 10 places nationwide for highest year-over-year list price rises, illustrating strengthening Florida property market conditions.
The greatest rise in asking prices has been recorded in Miami, where the average list price is $640,332 (£140,140/€471,965), up 27.4% year-on-year, against average an asking price of $320,325 (€205,000/€236,00) nationwide.
Miami was followed in second place for price hikes by Fort Myers-Cape Coral, where the average list price was $443,570 (€327,000/£284,150), up 26.3% year-on-year.
3rd - Central Florida/Orlando; $405,809 (€300,00/£260,000) +19.4%
4th - Punta Gorda; $267,066 (€197,000/£171,100) +16.4%
5th - Macon, Georgia; $193,520 (€126,650/£124,030) +16%
6th - Sarasota-Bradenton; $466,785 (€344,100/£299,155) +15.9%
7th - Naples; $713,087 (€526,570/£457,00) +15.1%
8th - West Palm Beach-Boca Raton; $591,895 (€436,000/£380,000 +14.7%
9th - Ocala; $193,360 (€142,500/£123,900) +12.1%
10th - Lakeland-Winter Haven $181,409 (€133,780/£116,235) +11.5%.
