Texas Real Estate Appreciation

by Mark

As many of you know, I am an active Real Estate Investor here in the Alamo City. I found this little article from CNN very timely for what we are doing here in San Antonio.

Check out the appreciation in San Antonio, TX ***8.6%*** !!!

OK, so it’s not Florida or California but it is a nice increase from 1-3% like Austin.

All I want is a nice steady 8% increase over the next 4-6 years—47% appreciation in 5 years—Wow! For San Antonio, TX that is heaven. Especially when the East and Left Coasts are faced with depreciation—Ouch!

CNN Hottest Zipcodes

Hot and cold home markets

These real estate markets are the extremes: the fastest growing and the slowest.
July 1, 2005: 3:55 PM EDT
By Les Christie, CNN’Money staff writer

NEW YORK (CNN/Money) – The median home cost nearly $17,000 more in the first quarter than it did a year before. According to the National Association of Realtors, the median house sold for $188,800 this winter, nearly 10 percent higher than 12 months ago.

(House prices accelerated even more in April.)

But price increases varied enormously around the country with Florida, California and the coastal Northeast leading the charge. Many post-industrial metro areas lagged behind. Some cities even experienced decreases in home prices.

The NAR found that the most expensive metro area, San Francisco, had a median home price of $689,200, more than eight times the price of the median home in Youngstown, Ohio.

Bradenton Florida was the fastest appreciating market over the 12 months ending March 31. The average home there went up 45.6 percent. Other hot Florida locations included Sarasota (36 percent), West Palm Beach (35.9 percent), and Ft. Lauderdale (31.8 percent).

Outside the Sunshine State, Las Vegas saw appreciation of 29.4 percent and Riverside/San Bernardino 32.6 percent. Atlantic City led the Northeast with an increase of 23.2 percent.

More affordable markets included Beaumont, Tex., where house prices fell 6.5 percent to $90,000, and Waterloo/Cedar Falls, Iowa, which saw decreases of 2.6 percent to $86,500.

Other areas showing declines included Canton, Ohio (minus 4.5 percent) and Syracuse, N.Y. (down by 2.6 percent). Median home prices in those locations were all less than $120,000.

The lowest-priced housing market the NAR listed was in Youngstown, Ohio, where the median home sold for $82,400.

——————————-

Top housing markets

First quarter numbers are in. See how your hometown stacks up.

NEW YORK (CNN/Money) – U.S. residential real estate markets lost no steam in the first quarter of 2005, according to statistics released Thursday by the National Association of Realtors (NAR).

The NAR’s quarterly report covers 136 metro areas. A record 66 of these have experienced double-digit jumps in home prices over the past year.

The previous record was 62 in the last quarter of 2004. Only six areas showed a fall in prices and those declines were fairly modest.

The median price of a single-family American home hit $188,800 at the end of the first quarter, a rise of 9.7 percent compared with a year ago.

Three Florida metropolitan areas led the charge; home prices in Bradenton jumped 45.6 percent from a year earlier to $275,100. Sarasota was up 36 percent to $326,300 and the West Palm-Boca Raton area rose 35.9percent to $362,800.

Beaumont, Tex. led the list of six declining metro areas with a loss of 6.5 percent to $90,000. Other losers included Canton, Ohio (down 4.5 percent to $103,400), Syracuse, N.Y. (down 2.6 percent to $92,600), and Waterloo-Cedar Falls Iowa (down 2.6 percent to $86,500).

The NAR report for the first quarter was released on May 12; second-quarter results are due on August 15.

Metro Area State Percent Change Median Price
Bradenton FL 45.6% $275,100
Sarasota FL 36.0% $326,300
W. Palm Beach FL 35.9% $362,800
Riverside/San Bernardino CA 32.6% $343,400
Ft. Lauderdale/Hollywood FL 31.8% $320,700
Las Vegas NV 29.4% $291,000
Orlando FL 28.7% $194,400
Miami/Hialeah FL 28.4% $315,700
Phoenix AZ 24.4% $193,800
New York: Monmouth NJ 20.3% $358,500
New York/N. New Jersey/Long Island 18.0% $435,200
San Francisco Bay Area CA 14.8% $689,200
Boston MA 14.8% $398,300
Ft. Worth/Arlington TX 13.3% $123,600
Corpus Christi TX 9.1% $116,500
San Antonio TX 8.6% $123,600
Dallas TX 5.4% $140,000
Austin/San Marcos TX 2.5% $154,100

Source: National Association of Realtor

As many of you know, I am an active Real Estate Investor here in the Alamo City. I found this little article from CNN very timely for what we are doing here in San Antonio.

Check out the appreciation in San Antonio, TX ***8.6%*** !!!

OK, so it’s not Florida or California but it is a nice increase from 1-3% like Austin.

All I want is a nice steady 8% increase over the next 4-6 years—47% appreciation in 5 years—Wow! For San Antonio, TX that is heaven. Especially when the East and Left Coasts are faced with depreciation—Ouch!

CNN Hottest Zipcodes

Hot and cold home markets

These real estate markets are the extremes: the fastest growing and the slowest.
July 1, 2005: 3:55 PM EDT
By Les Christie, CNN’Money staff writer

NEW YORK (CNN/Money) – The median home cost nearly $17,000 more in the first quarter than it did a year before. According to the National Association of Realtors, the median house sold for $188,800 this winter, nearly 10 percent higher than 12 months ago.

(House prices accelerated even more in April.)

But price increases varied enormously around the country with Florida, California and the coastal Northeast leading the charge. Many post-industrial metro areas lagged behind. Some cities even experienced decreases in home prices.

The NAR found that the most expensive metro area, San Francisco, had a median home price of $689,200, more than eight times the price of the median home in Youngstown, Ohio.

Bradenton Florida was the fastest appreciating market over the 12 months ending March 31. The average home there went up 45.6 percent. Other hot Florida locations included Sarasota (36 percent), West Palm Beach (35.9 percent), and Ft. Lauderdale (31.8 percent).

Outside the Sunshine State, Las Vegas saw appreciation of 29.4 percent and Riverside/San Bernardino 32.6 percent. Atlantic City led the Northeast with an increase of 23.2 percent.

More affordable markets included Beaumont, Tex., where house prices fell 6.5 percent to $90,000, and Waterloo/Cedar Falls, Iowa, which saw decreases of 2.6 percent to $86,500.

Other areas showing declines included Canton, Ohio (minus 4.5 percent) and Syracuse, N.Y. (down by 2.6 percent). Median home prices in those locations were all less than $120,000.

The lowest-priced housing market the NAR listed was in Youngstown, Ohio, where the median home sold for $82,400.

——————————-

For a look at houses in some of the country’s hottest zip codes, Click Here.

Top housing markets
First quarter numbers are in. See how your hometown stacks up.

NEW YORK (CNN/Money) – U.S. residential real estate markets lost no steam in the first quarter of 2005, according to statistics released Thursday by the National Association of Realtors (NAR).

The NAR’s quarterly report covers 136 metro areas. A record 66 of these have experienced double-digit jumps in home prices over the past year.

The previous record was 62 in the last quarter of 2004. Only six areas showed a fall in prices and those declines were fairly modest.

The median price of a single-family American home hit $188,800 at the end of the first quarter, a rise of 9.7 percent compared with a year ago.

Three Florida metropolitan areas led the charge; home prices in Bradenton jumped 45.6 percent from a year earlier to $275,100. Sarasota was up 36 percent to $326,300 and the West Palm-Boca Raton area rose 35.9percent to $362,800.

Beaumont, Tex. led the list of six declining metro areas with a loss of 6.5 percent to $90,000. Other losers included Canton, Ohio (down 4.5 percent to $103,400), Syracuse, N.Y. (down 2.6 percent to $92,600), and Waterloo-Cedar Falls Iowa (down 2.6 percent to $86,500).

The NAR report for the first quarter was released on May 12; second-quarter results are due on August 15.

Metro Area State Percent Change Median Price
Bradenton FL 45.6% $275,100
Sarasota FL 36.0% $326,300
W. Palm Beach FL 35.9% $362,800
Riverside/San Bernardino CA 32.6% $343,400
Ft. Lauderdale/Hollywood FL 31.8% $320,700
Las Vegas NV 29.4% $291,000
Orlando FL 28.7% $194,400
Miami/Hialeah FL 28.4% $315,700
Phoenix AZ 24.4% $193,800
New York: Monmouth NJ 20.3% $358,500
New York/N. New Jersey/Long Island 18.0% $435,200
San Francisco Bay Area CA 14.8% $689,200
Boston MA 14.8% $398,300
Ft. Worth/Arlington TX 13.3% $123,600
Corpus Christi TX 9.1% $116,500
San Antonio TX 8.6% $123,600
Dallas TX 5.4% $140,000
Austin/San Marcos TX 2.5% $154,100

Source: National Association of RealtorAs many of you know, I am an active Real Estate Investor here in the Alamo City. I found this little article from CNN very timely for what we are doing here in San Antonio.

Check out the appreciation in San Antonio, TX ***8.6%*** !!!

OK, so it’s not Florida or California but it is a nice increase from 1-3% like Austin.

All I want is a nice steady 8% increase over the next 4-6 years—47% appreciation in 5 years—Wow! For San Antonio, TX that is heaven. Especially when the East and Left Coasts are faced with depreciation—Ouch!

CNN Hottest Zipcodes

Hot and cold home markets

These real estate markets are the extremes: the fastest growing and the slowest.
July 1, 2005: 3:55 PM EDT
By Les Christie, CNN’Money staff writer

NEW YORK (CNN/Money) – The median home cost nearly $17,000 more in the first quarter than it did a year before. According to the National Association of Realtors, the median house sold for $188,800 this winter, nearly 10 percent higher than 12 months ago.

(House prices accelerated even more in April.)

But price increases varied enormously around the country with Florida, California and the coastal Northeast leading the charge. Many post-industrial metro areas lagged behind. Some cities even experienced decreases in home prices.

The NAR found that the most expensive metro area, San Francisco, had a median home price of $689,200, more than eight times the price of the median home in Youngstown, Ohio.

Bradenton Florida was the fastest appreciating market over the 12 months ending March 31. The average home there went up 45.6 percent. Other hot Florida locations included Sarasota (36 percent), West Palm Beach (35.9 percent), and Ft. Lauderdale (31.8 percent).

Outside the Sunshine State, Las Vegas saw appreciation of 29.4 percent and Riverside/San Bernardino 32.6 percent. Atlantic City led the Northeast with an increase of 23.2 percent.

More affordable markets included Beaumont, Tex., where house prices fell 6.5 percent to $90,000, and Waterloo/Cedar Falls, Iowa, which saw decreases of 2.6 percent to $86,500.

Other areas showing declines included Canton, Ohio (minus 4.5 percent) and Syracuse, N.Y. (down by 2.6 percent). Median home prices in those locations were all less than $120,000.

The lowest-priced housing market the NAR listed was in Youngstown, Ohio, where the median home sold for $82,400.

——————————-

For a look at houses in some of the country’s hottest zip codes, Click Here.

Top housing markets
First quarter numbers are in. See how your hometown stacks up.

NEW YORK (CNN/Money) – U.S. residential real estate markets lost no steam in the first quarter of 2005, according to statistics released Thursday by the National Association of Realtors (NAR).

The NAR’s quarterly report covers 136 metro areas. A record 66 of these have experienced double-digit jumps in home prices over the past year.

The previous record was 62 in the last quarter of 2004. Only six areas showed a fall in prices and those declines were fairly modest.

The median price of a single-family American home hit $188,800 at the end of the first quarter, a rise of 9.7 percent compared with a year ago.

Three Florida metropolitan areas led the charge; home prices in Bradenton jumped 45.6 percent from a year earlier to $275,100. Sarasota was up 36 percent to $326,300 and the West Palm-Boca Raton area rose 35.9percent to $362,800.

Beaumont, Tex. led the list of six declining metro areas with a loss of 6.5 percent to $90,000. Other losers included Canton, Ohio (down 4.5 percent to $103,400), Syracuse, N.Y. (down 2.6 percent to $92,600), and Waterloo-Cedar Falls Iowa (down 2.6 percent to $86,500).

The NAR report for the first quarter was released on May 12; second-quarter results are due on August 15.

Metro Area State Percent Change Median Price
Bradenton FL 45.6% $275,100
Sarasota FL 36.0% $326,300
W. Palm Beach FL 35.9% $362,800
Riverside/San Bernardino CA 32.6% $343,400
Ft. Lauderdale/Hollywood FL 31.8% $320,700
Las Vegas NV 29.4% $291,000
Orlando FL 28.7% $194,400
Miami/Hialeah FL 28.4% $315,700
Phoenix AZ 24.4% $193,800
New York: Monmouth NJ 20.3% $358,500
New York/N. New Jersey/Long Island 18.0% $435,200
San Francisco Bay Area CA 14.8% $689,200
Boston MA 14.8% $398,300
Ft. Worth/Arlington TX 13.3% $123,600
Corpus Christi TX 9.1% $116,500
San Antonio TX 8.6% $123,600
Dallas TX 5.4% $140,000
Austin/San Marcos TX 2.5% $154,100

Source: National Association of Realtor

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