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South Florida sees August home prices jump 14%

Posted by Jeremy Resnick | Jan 21, 2014 | 0 Comments

Home pricing including distressed sales jumped a whopping 14 percent in each of South Florida's counties, with Miami-Dade leading the charge as usual, according to CoreLogic.

In Miami-Miami Beach-Kendall, home prices, including distressed sales, increased by 14.5 percent in August 2013 year-over-year. On a month-over-month basis, home prices, including distressed sales, increased by 1.4 percent in August compared to July.

Excluding distressed sales, year-over-year prices increased by 17.6 percent in August 2013 compared to the same time a year ago. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 2.3 percent in August 2013 compared to July 2013.

In Fort Lauderdale-Pompano Beach-Deerfield Beach, home prices, including distressed sales, increased by 13.9 percent in August 2013 compared to last year. On a month-over-month basis, home prices, including distressed sales, increased by 1.9 percent in August compared to July.

Excluding distressed sales, year-over-year prices increased by 14.8 percent in August compared to the same time last year. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 1.5 percent in August compared to July.

In West Palm Beach-Boca Raton-Boynton Beach, home prices, including distressed sales, increased by 13.8 percent in August compared to the same time last year. On a month-over-month basis, home prices, including distressed sales, increased by 1.1 percent in August compared to July.

Excluding distressed sales, year-over-year prices increased by 13.5 percent in August 2013 compared to August 2012. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 0.8 percent in August compared to July.

About the Author

Jeremy Resnick

Attorney Damien Aranguren is a native Floridian and was raised in Osceola County. Damien graduated with his undergraduate degree from the University of Central Florida in 2004. He received his Juris Doctor degree from Stetson University College of Law in 2008  before being hired as an Assistant A...

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