Editor’s note: This article is based on data compiled by online real estate portal Realtor.com. The top 10 markets were determined based on the largest annual percentage increase in a metro’s median list price of homes displayed at Realtor.com during 2011.
No metro areas west of El Paso, Texas, earned a spot among the top 10 U.S. hot spots with the highest year-over-year hikes in median list price during 2011. Another Texas metro, San Antonio, ranked fifth on the list, based on data provided by online real estate portal Realtor.com.
The Fort Myers-Cape Coral, Fla., metro area experienced the largest increase, by far, among the top 10 metros, with a 20.77 percent rise in median list price increase during 2011, to $175,000.
The No. 2 market on the list, Shreveport-Bossier City, La., experienced a 7.37 percent increase in median list price during 2011, to $167,500. No. 10 El Paso experienced a 3.22 percent increase, to $144,450.
Washington, D.C.’s two metro areas, Virginia and Washington, D.C., both appear on the list, at No. 3 and No. 6, respectively, with by far the highest end-of-year list prices: $349,990 and $385,000, respectively. The top 10 metro with the next-highest end-of-year median list price is the No. 1 Fort Myers-Cape Coral metro.
Metro: Fort Myers-Cape Coral, Fla.
| Median List Price | $175,000 |
| Year-over-year Change | 20.77% |
Fort Myers Beach image via Shutterstock.
…CONTINUED
Metro: Shreveport-Bossier City, La.
| Median List Price | $167,500 |
| Year-over-year Change | 7.37% |
Downtown Shreveport, La. Flickr/Shreveport-Bossier: Louisiana’s Other Side
…CONTINUED
Metro: Washington, D.C. (Virginia)
| Median List Price | $349,990 |
| Year-over-year Change | 6.06% |
Clouds over Washington, D.C. Flickr/ForestGladesiWander
…CONTINUED
Metro: Fort Wayne, Ind.
| Median List Price | $104,900 |
| Year-over-year Change | 5.01% |
Restaurant sign in Fort Wayne, Ind. Flickr/mutrock
…CONTINUED
Metro: San Antonio, Texas
| Median List Price | $169,000 |
| Year-over-year Change | 4.39% |
San Antonio River Walk. Flickr/StuSeeger
…CONTINUED
Metro: Washington, D.C.
| Median List Price | $385,000 |
| Year-over-year Change | 4.34% |
U.S. Capitol Building in Washington, D.C. Flickr/Lukz
…CONTINUED
Metro: Peoria-Pekin, Ill.
| Median List Price | $134,900 |
| Year-over-year Change | 3.85% |
Peoria, Ill. skyline. Flickr/Kevin May
…CONTINUED
Metro: Fort Lauderdale, Fla.
| Median List Price | $139,900 |
| Year-over-year Change | 3.63% |
Fort Lauderdale Beach. Flickr/Christopher Gosselin
…CONTINUED
Metro: Omaha, Neb.
| Median List Price | $144,900 |
| Year-over-year Change | 3.50% |
Brick art in downtown Omaha, Neb. Flickr/brianwiese
…CONTINUED
Metro: El Paso, Texas
| Median List Price | $144,450 |
| Year-over-year Change | 3.22% |
Downtown El Paso, Texas. Flickr/Paul Garland
More top 10 markets reports:
-
Top 10 US metro areas with steepest home-price cuts in 2011
-
10 US metros with largest drops in real estate values
-
Top 10 US metros for price appreciation
Inman News reporter Paul Hagey compiled this report.
