The sun is beginning to shine on Florida real estate once again with seven out of the Top 10 U.S. cities experiencing rising home prices being in Florida, according to a new survey posted on Realtor.com. Nationwide, media list prices moved up more than 5% from December 2010 to December 2011.
In Miami, the No. 1 city with the greatest increase, median list prices jumped 32% in the past 12 months. Cities in Arizona, Michigan and Idaho round out the Top 10. See below for the list of the Top 10 cities whose median list prices have increased the most in the last year, based on December 2011 data of 146 metro areas from Realtor.com:
1. Miami, Fla.
Year-over-year increase: 32.50%
Median list price: $265,000
2. Naples, Fla.
Year-over-year increase: 21.67%
Median list price: $365,000
3. Fort Myers-Cape Coral, Fla.
Year-over-year increase: 21.47%
Median list price: $229,375
4. Punta Gorda, Fla.
Year-over-year increase: 19.42%
Median list price: $179,000
5. Boise City, Idaho
Year-over-year increase: 19.25%
Median list price: $154,900
6. West Palm Beach-Boca Raton, Fla.
Year-over-year increase: 18.38%
Median list price: $219,000
7. Sarasota-Bradenton, Fla.
Year-over-year increase: 17.62%
Median list price: $241,000
8. Daytona Beach, Fla.
Year-over-year increase: 16.06%
Median list price: $179,900
9. Phoenix-Mesa, Ariz.
Year-over-year increase: 13.79%
Median list price: $165,000
10. Grand Rapids-Muskegon-Holland, Mich.
Year-over-year increase: 13.32%
Median list price: $137,000
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