Miami Leads the Nation in Home Price Gains for 2014
Categories: Unreal Estate
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Photo by Roberto Bowyer's Flickr | MNT Pool |
Between October 2013 and October 2014, average prices here appreciated by 9.5 percent. Only San Francisco, which continues to get infused with tech money, came close with a 9.1 percent appreciation.
Meanwhile, the index's 20-city composite saw an average rise of 4.5 percent year-over-year, or less than half of Miami's levels.
That's, of course, thanks to Miami's current real estate boom, and because Miami home prices had fallen so far in the recession.
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Keep in mind that this index does not include either condo units or new construction, but rather single family homes that have been sold at least twice.
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