S & J Journal

Standard & Poor's/Case-Shiller Index reported home prices rose the most since February 2006.  Read more in the Florida Realtors article. In Coral Gables, this figure is even higher as inventory decreases.   101 homes were listed for sale in the Gables in August 2013. That is down 1.9% compared to the previous month and 8.2% lower than the same time last year. The Average Sold Price per Square Footage in August 2013 for the Gables was $297. It is up 0.3% compared to July 2013 and 11.8% higher than last year.   Jeannett

Home prices across the nation rose by 9.3% in February from a year ago , the highest increase since May 2006, possibly due to an increasing number of homebuyers and a limited supply of inventory. Miami's price gain was even greater at 10.4% over last year, according to the Standard & Poor's/Case-Shiller home price index. Read the USA Today article.

Canada's national newspaper, The Globe and Mail , reported Canadians are helping the Florida real estate market recover by being their number one foreign buyer... Citing the most recent S&P Case-Shiller data, the report says the price of a single family home in South Florida surged 12% from its low point in April 2011. In 2010, transactions involving Canadian buyers accounted for 36% of all real estate purchases by foreigners, it says. More than 500,000 Canadians now own Florida property, according to the report. “Florida properties are a bargain compared to real estate in Canada. The median priced home in Florida is nearly half than that in Canada,” said Jack Ablin, chief investment officer at BMO Private Bank. Among the most desirable locations for Canadians are Sarasota-Bradenton-Venice, Orlando-Kissimmee and Miami-Ft. Lauderdale-Palm Beach. Read the article.