Miami area home prices rose 6.7 percent in August from a year earlier, making the battered market the fourth best among 100 metropolitan areas tracked in FNC’s Residential Price Index.
The improvement comes as the U.S. property values continue to rise, reaching a 20-month high, according to the Oxford, Miss.-based data and analytics firm. Nationwide, prices inched up 1.5 percent in August from a year earlier.
Markets with bigger gains than Miami are: Phoenix, Az., up 13.3 percent year over year; Detroit, up 7.6 percent; and Denver, up 6.8 percent.
Metropolitan areas faring the worst year over year were Dallas, down 4.1 percent; Chicago, down 3.9 percent; and Atlanta, down 3.0 percent, the firm said.
Coral Gables’ ZIP code 33156, which includes Gables Estates and Gables by the Sea, ranked No. 15 on Forbes’ list of America’s Most Expensive ZIP Codes. That was up 108 spots from last year, the magazine reported. The median asking price in 33156: $3.48 million.
Another Coral Gables’ ZIP, 33143, was ranked 34th, and Fisher Island 33109 was 39th.
Forbes used data on asking prices for single-family homes and condominiums from more than 22,000 ZIP codes for the three months ended Sept. 28.
New York’s 10065, Manhattan’s Upper East Side, claimed the No. 1 spot on the list.
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