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South Florida Home Prices Jump 14 Percent

Posted by Aaron R. Resnick | Jan 21, 2014 | 0 Comments

Editor note: This article was published on January 21, 2014 and describes Florida housing, foreclosure, and short sale conditions as they stood at that time. Market data, lender and government programs, and court timelines referred to here have changed since publication. It is kept as a record of that period and is not a current statement of Florida law or market conditions.

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

Aaron R. Resnick
Aaron R. Resnick

Aaron Resnick, a graduate of Leadership Miami, is a leader in the Miami's legal and cultural arts...

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