Industry NewsMarkets & Economy

Home values rise in Boston, San Diego

Report: Price per square foot plunges 21.4% in Las Vegas

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The price per square foot of homes rose year-over-year in January in eight of 25 markets tracked by Radar Logic Inc., a real estate data and analytics company, according to a report released this week. Radar Logic's monthly RPX report, based on 28 days of price-per-square-foot data, found that the price per square foot rose most in Boston (up 15.5 percent, to $187.84 per square foot) year-over-year in January, and dropped most in Las Vegas (down 21.4 percent, to $76.18 per square foot) during that period. Overall, the composite price-per-square foot for all 25 markets dropped 4.2 percent in January, year-over-year, which the company said "corresponded to a rapid increase in motivated sales' share of total sales." The price per square foot was up 8.5 percent in San Diego, 6.5 percent in San Francisco and Denver, 6.4 percent in St. Louis, 6.3 percent in San Jose, 5.6 percent in Charlotte and 2.3 percent in Los Angeles in January compared to the same month last year. Behind...