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|
Fort Myers Beach image via Shutterstock.
Metro: Shreveport-Bossier City, La.
|Median List Price||$167,500|
Downtown Shreveport, La. Flickr/Shreveport-Bossier: Louisiana’s Other Side
Metro: Washington, D.C. (Virginia)
|Median List Price||$349,990|
Clouds over Washington, D.C. Flickr/ForestGladesiWander
Metro: Fort Wayne, Ind.
|Median List Price||$104,900|
Restaurant sign in Fort Wayne, Ind. Flickr/mutrock
Metro: San Antonio, Texas
|Median List Price||$169,000|
San Antonio River Walk. Flickr/StuSeeger
Metro: Washington, D.C.
|Median List Price||$385,000|
U.S. Capitol Building in Washington, D.C. Flickr/Lukz
Metro: Peoria-Pekin, Ill.
|Median List Price||$134,900|
Peoria, Ill. skyline. Flickr/Kevin May
Metro: Fort Lauderdale, Fla.
|Median List Price||$139,900|
Fort Lauderdale Beach. Flickr/Christopher Gosselin
Metro: Omaha, Neb.
|Median List Price||$144,900|
Brick art in downtown Omaha, Neb. Flickr/brianwiese
Metro: El Paso, Texas
|Median List Price||$144,450|
Downtown El Paso, Texas. Flickr/Paul Garland
More top 10 markets reports:
Inman News reporter Paul Hagey compiled this report.