Point2Homes notes 18 North American Cities Saw Home Prices Jump Over 50% in Just 5 Years

  • 18 of the 83 largest North American real estate markets saw home prices jump over 50% in just 5 years. Of the 18 markets with the most explosive growth, 11 are in the US, 6 in Canada, and 1 in Mexico.
  • Only 2 cities witnessed a drop in home price compared to 5 years ago, and both are located in Alberta, CA: Calgary and Edmonton.
  • San Francisco boasts the highest net increase of all the cities in the study ($550,000), followed by 2 Canadian cities: Vancouver ($417,913 CAD) and Surrey ($395, 287 CAD).

Top Ten North America Price Jumps

Image placeholder title

40% and Over Club USA

  1. Detroit, MI: 97% *
  2. San Francisco, CA: 69% *
  3. Seattle, WA: 66% *
  4. San Jose, CA: 58%
  5. Sacramento, CA: 56%
  6. Nashville, TN: 55%
  7. Bronx, NY: 54% **
  8. Columbus, OH: 53%
  9. Queens, NY: 52% **
  10. Brooklyn, NY: 52% **
  11. Fort Worth, TX: 52%
  12. Denver, CO: 50% *
  13. Las Vegas, NV: 48% *
  14. Milwaukee, WI: 48%
  15. Jacksonville, FL: 46%
  16. Portland, OR: 46% *
  17. Philadelphia, PA: 45%
  18. Boston, MA: 44% *
  19. Phoenix, AZ: 43% *
  20. Los Angeles, CA: 43% *
  21. Indianapolis, IN: 42% *
  22. Staten Island, NY: 41% **
  23. Charlotte, NC, 40% *

* Denotes member of Case-Shiller Top 20 Metro Areas by size, not price.

** Part of New York City which is in the Case-Shiller top 20.

12 cities in the above list (grouping the NY Burroughs as 1), are in the 40% or greater price appreciation group.

RECOMMENDED ARTICLES

Case Shiller Top 20 Metro Areas

Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa and Washington, D.C.

Case Shiller Top 20 Price Index

Image placeholder title

Methodology

Unlike Case-Shiller, Point2Homes factors in both new and existing home prices. Case-Shiller only looks at resales.

Sticker Shock

I will ask Point2Homes for an analysis of the Case-Shiller top 20 metro area from the March 2012 bottom to now, grouping NYC as a single entity.

Had ​Point2Homes gone back one more year, the price gains would have been even more incredible.

Mike "Mish" Shedlock

Case-Shiller 20-Home Price Index Just Shy of 2006 Bubble Peak

The Case-Shiller national home price index surged past the pre-recession high last year. The city composites lag.

Case-Shiller Home Price Index Declines 0.1%, Econoday Concludes No Bubble

On the basis of a measly 0.1% decline in the Case-Shiller 20-City Home Price Index, Bloomberg Econoday concludes speculation isn’t a risk.

Global Coronavirus Cases Jump 50% Overnight, 5 Now in US

There are now over 2,000 confirmed cases with 5 in the US. This is a lowball estimate, perhaps by a factor of 10.

Why the Fed Chases Its Tail: Rent Measures vs. Case Shiller

The Rent Café gave me their weighted national rental price data. Let's compare to the CPI and Case-Shiller home prices.

Scientists Estimate 44,000 Virus Cases, Doubling Every 6 Days

Reliable estimates from scientists suggest massive under-reporting of cases as well as chance of spreading.

Vanguard Warns of 2018 "Volatility": Translation 3-5% Gains

We have a new meaning of "volatile" today courtesy of Vanguard. Expect only 3-5% gains in 2018.

Bottom 5 "Sinkhole" Cities: New York, Chicago Lead the Way

63 out of America’s largest 75 cities can’t pay their bills, acquired $330 billion in unfunded debt.