Builder Blog from Integrity Windows and Doors

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How bad were new home sales in 2011? Depends on where you look.

Nationally, new-home sales hit a record low in 2011, which was capped by a brutal December. According to Builder,

“New-home sales registered the worst year on record in 2011, with data going back to 1963, according to information released [yesterday] by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. An estimated 302,000 new homes were sold during the year, a 6.2% drop from 2010.”

But locally, several markets showed significant increases in median prices and, according to Realtor.com, median list prices increased nationwide at an average of five percent from Dec. 2010 to Dec. 2011. Look at the top 10 and you’ll see several hot spots — many of them in Florida:

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

Curious what the media home prices are doing in your area? Check out this list of 143 metro areas on Realtor.com.

 



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