List prices are heating up in Florida, as recovery takes hold in the Sunshine State. Florida boasts the highest number of cities in the top 10 for largest increases in median list prices in the last year. In Miami alone, median list prices have jumped 32 percent in the last year.
Nationwide, median list prices have inched up 5.03 percent from December 2010 to December 2011, according to Realtor.com data.
The following cities are where 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
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
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