3 Florida Metros Among 10 Highest Performing Markets7/4/2016
3 Florida Metros Among 10 Highest Performing Markets
Florida is making a come-back! After devastating lows during the housing market crash, Florida's housing markets are steadily growing and returning impressive gains.
According to Clear Capital, which provides insights into housing price trends and other leading indices for the real estate market at the national and local levels, Florida is enjoying a special boost in prices.
“Florida has traditionally been regarded as prime real estate by those retirees who may be looking to migrate from colder areas of the nation such as the Northeast to a warmer and sunnier alternative for their golden years," said Alex Villacorta, Ph.D., VP of Research and Analytics at Clear Capital.
"As the top Floridian housing markets continue to grow and return impressive price gains–Tampa is currently reporting 12.2 percent annual price growth–it’s no surprise that this generation continues to invest in real estate in the region. The baby boomer share of homeowners is clearly on the rise here, and as more and more of this generation nears retirement age, Florida markets may be in for a boost in performance if tradition continues and retirees demand homes in the region.”
Highest Performing Major Metro Markets (Year-over-Year):
- Seattle, Washington — Tacoma, Washington — Bellevue, Washington (12.4 percent)
- Tampa, Florida — St. Petersburg, Florida — Clearwater, Florida (12.2 percent)
- Denver, Colorado — Aurora, Colorado (11.2 percent)
- Orlando, Florida (10.4 percent)
- Portland, Oregon — Vancouver, Washington — Beaverton, Oregon (10.0 percent)
- Miami, Florida — Fort Lauderdale, Florida — Miami Beach, Florida (10.0 percent)
- San Jose, California — Sunnyvale, California — Santa Clara, California (9.8 percent)
- Las Vegas, Nevada — Paradise, Nevada (9.6 percent)
- Providence, Rhode Island — New Bedford, Massachusetts — Fall River, Massachusetts (9.6 percent)
- Dallas, Texas — Fort Worth, Texas — Arlington, Texas (9.5 percent)
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