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10 Cities Where List Prices Are Rising the Most

10 Cities Where List Prices Are Rising the Most

Daily Real Estate News | Wednesday, November 02, 2011

Which cities are seeing median list prices increase the most? Nationally, median list prices have risen 1.60 percent to $190,000, according to year-over-year listing data from September 2011 by Realtor.com, based on 146 markets.

Yet, in some cities, median list prices in that time frame have risen more than 20 percent. Florida cities, in particular, are continuing to see some of the largest rebounds in list prices. 

Here are the 10 cities that have seen the largest percentage increases in median list prices based on year-over-year data from September: 

1. Fort Myers-Cape Coral, Fla. 

Year-over-year median list price increase: 34.46% 

Median list price: $215,000

2. Miami, Fla. 

Year-over-year median list price increase: 25.63% 

Median list price: $250,000

3. Naples, Fla.

Year-over-year median list price increase: 23.41% 

Median list price: $369,000

4. Sarasota-Bradenton, Fla.

Year-over-year median list price increase: 16.53%

Median list price: $233,000

5. Punta Gorda, Fla.

Year-over-year median list price increase: 14.07%

Median list price: $169,000

6. Shreveport-Bossier City, La. 

Year-over-year median list price increase: 12.22% 

Median list price: $176,750

7. Lakeland-Winter Haven, Fla.

Year-over-year median list price increase: 11.93% 

Median list price: $129,500

8. Fort Wayne, Ind. 

Year-over-year median list price increase: 11.77%

Median list price: $112,000

9. Daytona Beach, Fla.

Year-over-year median list price increase: 11.32% 

Median list price: $178,000

10. Boise City, Idaho 

Year-over-year median list price increase: 10.58% 

Median list price: $150,000

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

Strong Real Estate Sales Continue in Naples Market

THIRD QUARTER SALES ACTIVITY REMAINS STRONG
Naples Area Real Estate Transactions Released

NAPLES, Fla.-October 14, 2011- Real estate sales activity continues to increase with single-family home sales and the Naples Beach area is leading the way according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).

"Single-family pending sales in the $500,000 to $1 million price category increased 30 percent in the third quarter, and the average days a property was on the market decreased 11 percent. The sales activity is shifting from the low end market to higher priced properties," said Coco Waldenmayer, Managing Broker of Engel & Voelkers. In the third quarter of 2011 there are currently only 592 available single-family properties in the $500,000 to $1 million price category.

For the 12 months ending September 2011, all Naples geographic areas showed an increase in pending sales compared to the same 12 months in 2010. Properties in the Naples Beach area remain in the highest demand with 1,776 contracts for the 12 months ending September 2011 compared to 1,471 contracts for the 12 months ending September 2010.

"Overall pending sales in the Naples Beach area increased 21 percent for the 12 months ending September 2011, as consumers take advantage of the good values," said Bill Poteet, President of Poteet Properties.

"Prices in the Naples Beach area may be under pressure, however, sales activity continues to remain strong," said Steve Barker, Supporting Broker with Amerivest Realty. The Naples Beach area consists of zip codes 34102, 34103 and 34108.

The third quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:

¨      For the 12 months ending September 2011 overall pending sales increased 11 percent with 10,036 contracts compared to 9,026 contracts for the 12 months ending September 2010.

¨      Condo sales increased 7 percent with 807 sales in the third quarter of 2011 compared to 752 sales in the third quarter of 2010.

¨      The available inventory decreased 20 percent to 7,069 available properties in the third quarter of 2011 down from 8,800 available properties in the third quarter of 2010.

"Traditional sales represent 60 percent of the sales activity in the Naples area. Foreclosure sales remain low and the number of short sale closings are increasing, this is a sign that banks are willing to work with homeowners," said Brenda Fioretti, NABOR President and Managing Broker of Prudential Florida Realty.

According to Kathy Zorn, Broker/Owner of Florida Home Realty, "Traditional sales continue an upward trend in our market as they have increased 26 percent from September 2011 to September 2010."

The report also provides a comparison of results for September 2011 to the same month, 2010, including single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:

¨      Overall home sales in the $300,000 to $500,000 price category increased 27 percent with 70 sales in September 2011 compared to 55 sales in September 2010.

¨      Single-family pending sales in the Naples Beach area increased 15 percent for the 12 months ending September 2011 with 714 contracts compared to 621 contracts for the 12 months ending September 2010.

¨      Condo sales saw a 6 percent increase for the 12 months ending September 2011 with 4,192 sales compared to 3,966 sales for the 12 months ending September 2010.

Naples Fl Real Estate

REAL ESTATE MARKET KEEPS IMPROVING
 
Report Shows Downward Trend in Inventory Continues
NAPLES, Fla.-September 16, 2011- The Naples Area real estate market is strong as shown by inventory that continues to drop and the overall median closed price stabilizing, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).

The number of available properties decreased 21 percent from 8,745 in August 2010 to 6,930 in August 2011. "The overall inventory continues to decrease and is currently at its lowest level since we started tracking inventory in January 2007," said Brenda Fioretti, NABOR President and Managing Broker of Prudential Florida Realty.

"The decrease in inventory covers all property types; single-family home inventory decreased 22 percent and condo inventory decreased 20 percent in August 2011," said Phil Wood, President of John R. Wood REALTORS®.

For the 12 months ending August 2011, the overall median closed price for properties over $300,000 increased two percent to $550,000 up from $540,000 for the 12 months ending August 2010.

"Single-family homes showed positive gains in the median closed price for the 12 months ending August 2011, with a four percent increase compared to the same 12 months in 2010," said Bill Poteet, President of Poteet Properties.

The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:

¨ Overall pending sales for the 12 months ending August 2011 increased 5 percent with 10,107 contracts compared to 9,607 contracts for the 12 months ending August 2010.

¨ Single-family home pending sales increased 5 percent in August 2011 with 457 contracts compared to 436 contracts in August 2010.

¨ Condo pending sales for the 12 months ending August 2011 increased 12 percent with 4,880 contracts compared to 4,371 contracts for the 12 months ending August 2010.

According to Wes Kunkle, President of Kunkle Realty, "The number of foreclosure sales decreased 50 percent from 179 sales in August 2010 compared to 88 sales in August 2011."

"As the number of foreclosed home sales declined to only 88 transactions, short sales jumped 40 percent from 99 closings in July to 140 in August," said John Steinwand, President of Naples Realty Services.