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Phoenix real estate recorded a 55.2 percent increase in house prices over the past 12 months, according to the latest data from the National Association of Realtors.
NAR's third-quarter median existing single-family home price survey, covering changes in 147 metropolitan statistical areas, revealed that the average home nationwide appreciated by 14.7 percent since last year. Homes in only six metro areas lost value.
Trailing just behind Phoenix were two Florida cities: Orlando, where prices grew 44.8 percent, and the Cape Coral-Fort Myers area, where they rose 42.5 percent.
Only in six areas did homes lose value led by Elmira New York, where they fell 5.4 percent. Topeka was down 1.3 percent and Youngstown Ohio inched down 1.0 percent.
Some formerly white-hot markets slowed a bit. San Diego recorded a 6.3 percent gain after growing nearly 30 percent between 2003 and 2004. Las Vegas, which soared 48.7 percent during that same period, grew only 10.5 percent over the latest 12 months.
Regionally, the South recorded the slimmest gain, at 7.7 percent, while the West had the highest - 18.8 percent. The Midwest (13.1 percent) trailed the Northeast (13.2 percent) slightly for second place.
Results are ranked by growth. Click column headings to re-sort
| Metropolitan Area |
State |
Growth |
Median Price |
| Phoenix-Mesa-Scottsdale |
AZ |
47.0% |
$243,400 |
| Cape Coral-Fort Myers |
FL |
45.2% |
$266,800 |
| Palm Bay-Melbourne-Titusville |
FL |
40.0% |
$204,000 |
| Orlando |
FL |
36.5% |
$232,200 |
| Sarasota-Bradenton-Venice |
FL |
34.3% |
$367,800 |
| Reno-Sparks |
NV |
32.1% |
$357,400 |
| Miami-Fort Lauderdale-Miami Beach |
FL |
31.7% |
$371,600 |
| Deltona-Daytona Beach-Ormond Beach |
FL |
31.2% |
$194,000 |
| Durham |
NC |
30.9% |
$198,500 |
| Tucson |
AZ |
30.0% |
$228,500 |
| Hagerstown-Martinsburg |
MD/WV |
28.7% |
$206,000 |
| Honolulu |
HI |
28.1% |
$577,800 |
| Washington-Arlington-Alexandria |
DC/VA/MD/WV |
26.2% |
$429,200 |
| Atlantic City |
NJ |
25.7% |
$244,900 |
| Riverside-San Bernardino-Ontario |
CA |
24.8% |
$367,600 |
| Spokane |
WA |
24.6% |
$158,600 |
| Davenport-Moline-Rock Island |
IA/IL |
24.0% |
$133,900 |
| Allentown-Bethlehem-Easton |
PA/NJ |
23.9% |
$249,100 |
| Virginia Beach-Norfolk-Newport News |
VA/NC |
23.8% |
$192,000 |
| Pensacola-Ferry Pass-Brent |
FL |
23.3% |
$163,600 |
| Tampa-St.Petersburg-Clearwater |
FL |
23.3% |
$195,000 |
| Edison |
NJ |
22.8% |
$394,100 |
| Sacramento--Arden-Arcade--Roseville |
CA |
22.5% |
$377,400 |
| Ocala |
FL |
20.5% |
$135,300 |
| New York-Wayne-White Plains |
NY/NJ |
20.0% |
$506,800 |
| Seattle-Tacoma-Bellevue |
WA |
19.9% |
$310,300 |
| Dover |
DE |
19.4% |
$176,300 |
| Rockford |
IL |
18.6% |
$122,700 |
| Cumberland |
MD/WV |
18.6% |
$88,600 |
| New York-Northern New Jersey-Long Island |
NY/NJ/PA |
18.3% |
$452,700 |
| Albuquerque |
NM |
18.1% |
$171,700 |
| Eugene-Springfield |
OR |
18.0% |
$192,400 |
| Baltimore-Towson |
MD |
17.5% |
$264,700 |
| Danville |
IL |
16.9% |
$73,400 |
| Portland-Vancouver-Beaverton |
OR/WA |
16.6% |
$238,000 |
| Reading |
PA |
16.5% |
$140,400 |
| Boise City-Nampa |
ID |
15.8% |
$161,800 |
| New Haven-Milford |
CT |
15.0% |
$283,800 |
| Syracuse |
NY |
14.8% |
$108,700 |
| Richmond |
VA |
14.7% |
$198,400 |
| Kankakee-Bradley |
IL |
14.6% |
$132,300 |
| Montgomery |
AL |
14.0% |
$133,300 |
| Hartford-West Hartford-East Hartford |
CT |
13.9% |
$257,700 |
| Kingston |
NY |
13.8% |
$250,700 |
| Salem |
OR |
13.7% |
$172,000 |
| Trenton-Ewing |
NJ |
13.5% |
$267,700 |
| El Paso |
TX |
13.4% |
$108,900 |
| Colordo Springs |
CO |
13.0% |
$214,200 |
| Madison |
WI |
13.0% |
$220,100 |
| Nassau-Suffolk |
NY |
12.8% |
$467,700 |
| Farmington |
NM |
12.6% |
$151,800 |
| Green Bay |
WI |
12.4% |
$159,200 |
| San Francisco-Oakland-Fremont |
CA |
12.3% |
$726,900 |
| Decatur |
IL |
12.3% |
$86,800 |
| Peoria |
IL |
12.3% |
$110,500 |
| Shreveport-Bossier City |
LA |
12.3% |
$125,100 |
| Philadelphia-Camden-Wilmington |
PA/NJ/DE/MD |
12.2% |
$211,000 |
| Albany-Schenectady-Troy |
NY |
11.6% |
$176,100 |
| Springfield |
MA |
11.4% |
$197,900 |
| Amarillo |
TX |
11.4% |
$107,400 |
| Las Vegas-Paradise |
NV |
11.2% |
$300,100 |
| New Orleans-Metairie-Kenner |
LA |
11.0% |
$152,600 |
| Jackson |
MS |
11.0% |
$131,700 |
| Columbia |
SC |
10.8% |
$133,700 |
| Mobile |
AL |
10.5% |
$129,100 |
| Corpus Christi |
TX |
10.3% |
$123,000 |
| Binghamton |
NY |
10.2% |
$93,300 |
| Champaign-Urbana |
IL |
9.9% |
$137,600 |
| Newark-Union |
NJ/PA |
9.9% |
$414,400 |
| Milwaukee-Waukesha-West Allis |
WI |
9.9% |
$216,800 |
| Tallahassee |
FL |
9.7% |
$163,300 |
| Gulfport-Biloxi |
MS |
9.6% |
$124,000 |
| Knoxville |
TN |
9.1% |
$143,400 |
| Minneapolis-St. Paul-Bloomington |
MN/WI |
9.0% |
$237,700 |
| South Bend-Mishawaka |
IN |
8.8% |
$102,100 |
| Portland-South Portland-Biddeford |
ME |
8.8% |
$247,200 |
| Memphis |
TN/MS/AR |
8.5% |
$150,100 |
| Los Angeles-Long Beach-Santa Ana |
CA |
8.3% |
$474,800 |
| Nashville-Davidson--Murfreesboro |
TN |
8.3% |
$159,700 |
| San Diego-Carlsbad-San Marcos |
CA |
8.2% |
$605,600 |
| Oklahoma City |
OK |
8.1% |
$115,700 |
| Chicago-Naperville-Joliet |
IL |
8.0% |
$263,600 |
| Saint Louis |
MO/IL |
7.9% |
$141,900 |
| Jacksonville |
FL |
7.8% |
$166,600 |
| Little Rock-N. Little Rock |
AR |
7.7% |
$118,900 |
| Bridgeport-Stamford-Norwalk |
CT |
7.6% |
$487,300 |
| San Antonio |
TX |
7.5% |
$134,000 |
| Raleigh-Cary |
NC |
7.4% |
$185,200 |
| Gainesville |
FL |
7.0% |
$178,800 |
| Barnstable Town |
MA |
7.0% |
$398,600 |
| Glens Falls |
NY |
7.0% |
$142,000 |
| Fargo |
ND/MN |
6.8% |
$132,600 |
| Pittsfield |
MA |
6.6% |
$211,800 |
| Boston-Cambridge-Quincy |
MA/NH |
6.6% |
$418,500 |
| Providence-New Bedford-Fall River |
RI/MA |
6.3% |
$291,600 |
| Anaheim-Santa Ana (Orange Co.) |
CA |
6.2% |
$696,100 |
| Atlanta-Sandy Springs-Marietta |
GA |
6.2% |
$166,500 |
| Sioux Falls |
SD |
6.2% |
$137,700 |
| Dallas-Fort Worth-Arlington |
TX |
5.7% |
$149,100 |
| Charleston |
WV |
5.7% |
$121,700 |
| Waterloo/Cedar Falls |
IA |
5.6% |
$100,700 |
| Baton Rouge |
LA |
5.6% |
$135,400 |
| Greensboro-High Point |
NC |
5.5% |
$148,000 |
| Rochester |
NY |
5.3% |
$110,700 |
| Salt Lake City |
UT |
5.2% |
$169,900 |
| Greenville |
SC |
5.1% |
$143,200 |
| Austin-Round Rock |
TX |
5.0% |
$166,800 |
| Worcester |
MA |
4.7% |
$292,300 |
| Erie |
PA |
4.7% |
$98,500 |
| Boulder |
CO |
4.5% |
$346,200 |
| Birmingham-Hoover |
AL |
4.4% |
$156,100 |
| Bloomington-Normal |
IL |
4.4% |
$155,800 |
| Norwich-New London |
CT |
4.3% |
$246,800 |
| Springfield |
IL |
4.3% |
$109,000 |
| Ft. Wayne |
IN |
4.3% |
$102,800 |
| Gary-Hammond |
IN |
4.0% |
$129,600 |
| Lexington-Fayette |
KY |
3.9% |
$144,800 |
| Cleveland-Elyria-Mentor |
OH |
3.9% |
$144,700 |
| Columbus |
OH |
3.7% |
$155,900 |
| Kennewick-Richland-Pasco |
WA |
3.7% |
$152,700 |
| Tulsa |
OK |
3.6% |
$117,400 |
| Grand Rapids |
MI |
3.3% |
$139,000 |
| Kansas City |
MO/KS |
3.3% |
$157,100 |
| Akron |
OH |
3.3% |
$119,800 |
| Appleton |
WI |
3.2% |
$129,600 |
| Omaha |
NE/IA |
3.1% |
$137,300 |
| Spartanburg |
SC |
3.0% |
$118,700 |
| Denver-Aurora |
CO |
2.7% |
$248,400 |
| Louisville |
KY/IN |
2.5% |
$136,800 |
| Houston-Baytown-Sugar Land |
TX |
2.4% |
$142,500 |
| Des Moines |
IA |
2.3% |
$145,100 |
| Lansing-E.Lansing |
MI |
2.3% |
$143,600 |
| Lincoln |
NE |
2.2% |
$138,300 |
| Buffalo-Niagara Falls |
NY |
1.6% |
$97,500 |
| Toledo |
OH |
1.6% |
$118,600 |
| Yakima |
WA |
1.4% |
$134,800 |
| Pittsburgh |
PA |
0.9% |
$118,500 |
| Charleston-North Charleston |
SC |
0.9% |
$193,600 |
| Cincinnati-Middletown |
OH/KY/IN |
0.7% |
$148,500 |
| Beaumont-Port Arthur |
TX |
0.6% |
$96,500 |
| Wichita |
KS |
0.5% |
$106,300 |
| Detroit-Warren-Livonia |
MI |
0.4% |
$169,200 |
| Cedar Rapids |
IA |
-0.2% |
$131,600 |
| Dayton |
OH |
-0.3% |
$119,400 |
| Topeka |
KS |
-0.6% |
$103,100 |
| Indianapolis |
IN |
-1.0% |
$124,600 |
| Chattanooga |
TN/GA |
-1.0% |
$130,500 |
| Youngstown-Warren-Boardman |
OH/PA |
-2.7% |
$82,900 |
| Kalamazoo-Portage |
MI |
-3.5% |
$122,600 |
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