10 Metros with Biggest 1-year Rise in Real Estate List Prices

10 metros with biggest 1-year rise in real estate list prices

By Inman News

Editor’s note: This article is based on data compiled by online real estate portal Realtor.com. The top 10 markets were determined based on the largest annual percentage increase in a metro’s median list price of homes displayed at Realtor.com during 2011.

No metro areas west of El Paso, Texas, earned a spot among the top 10 U.S. hot spots with the highest year-over-year hikes in median list price during 2011. Another Texas metro, San Antonio, ranked fifth on the list, based on data provided by online real estate portal Realtor.com.

The Fort Myers-Cape Coral, Fla., metro area experienced the largest increase, by far, among the top 10 metros, with a 20.77 percent rise in median list price increase during 2011, to $175,000.

The No. 2 market on the list, Shreveport-Bossier City, La., experienced a 7.37 percent increase in median list price during 2011, to $167,500. No. 10 El Paso experienced a 3.22 percent increase, to $144,450.

Washington, D.C.’s two metro areas, Virginia and Washington, D.C., both appear on the list, at No. 3 and No. 6, respectively, with by far the highest end-of-year list prices: $349,990 and $385,000, respectively. The top 10 metro with the next-highest end-of-year median list price is the No. 1 Fort Myers-Cape Coral metro

The Top Ten Listed Below:

1.) Metro: Fort Myers–Cape Coral, Fla.

Median List Price: $175,000 Year-over-year Change: 20.77%

2.) Metro: Shreveport–Bossier City, La.

Median List Price: $167,500 Year-over-year Change: 7.37%

3.) Metro: Washington, D.C. (Virginia)

Median List Price: $349, 990 Year-over-year Change: 6.06%

4.) Metro: Fort Wayne, Ind.

Median List Price $104, 900 Year-over-year Change: 5.01%

5.) Metro: San Antonio, Texas

Median List Price: $169, 000 Year-over-year Change: 4.39%

6.) Metro: Washington, D.C.