Editor’s note: In compiling the "10 Best Markets for Real Estate Investors" report, Inman News reached out to a range of data providers and online real estate sites that supplied statistics and charts to identify real estate markets that may be well-suited for investors. The following chart and accompanying methodology were provided by real estate information and analytics company CoreLogic.
|Top 10 Markets for New-home Sales Share (2010)
|Metropolitan Statistical Area||New-home Sales||Total Sales Total||New-home Sale Share|
|El Paso, Texas||2,425||9,701||25.0%|
|San Antonio-New Braunfels, Texas||6,891||35,407||19.5%|
|Charlotte-Gastonia-Rock Hill, N.C.-S.C.||3,860||20,512||18.8%|
|Austin-Round Rock-San Marcos, Texas||5,831||32,088||18.2%|
|Des Moines-West Des Moines, Iowa||1,446||9,154||15.8%|
|Charleston-North Charleston-Summerville, S.C.||1,464||9,622||15.2%|
|Oklahoma City, Okla.||3,019||21,017||14.4%|
CoreLogic sorted the markets with the highest share of new-home sales. The analysis was performed on 2010 annual data for the top 100 markets with the most sales.
It’s very well-known that there are a lot of distressed markets and which markets they are. There is much less information on which markets are doing well. But instead of choosing performance, CoreLogic chose new-home sales, because if a market is near the top for new sales share then it’s most likely doing relatively well.
As you can see from the list, it’s middle-tier or large cities in the South that missed the boom and bust and are doing fine. The only exception is Jacksonville, Fla. — CoreLogic found some articles showing the new sales market there doing well. It might reflect a large influx of people coming into the city, which definitely had been the case prior to 2008.
Read the full report: "10 Best Markets for Real Estate Investors."
View more charts provided by data companies and online real estate websites: