Top 12 Cities where Home Prices have risen the most

This is very good news for my fellow Californians where 4 of the top 12 cities are located in our state! The following 12 cities experienced the largest percentage increases in home prices among cities with populations of more than 250,000 from 3/2012 – 3/2013.

12. Boise, Idaho

One-year change in home prices: +15.6%
Median home price: $127,000
Change in price since 2006 peak: -36.3%
Unemployment rate: 6.5%
Foreclosure rate: 1 in every 243 households (High)
Distressed sales: 17.8%


11. Santa Rosa, California

One-year change in home prices: +15.9%
Median home price: $380,000
Change in price since 2006 peak: -38.4%
Unemployment rate: 7.6%
Foreclosure rate: 1 in every 369 households (Low)
Distressed sales: 25.8%


10. Atlanta, Georgia

One-year change in home prices: +17.4%
Median home price: $115,400
Change in price since 2006 peak: -42.8%
Unemployment rate: 8.3%
Foreclosure rate: 1 in every 154 households (High)
Distressed sales: 28.3%


9. San Francisco/Oakland, California

One-year change in home prices: +17.9%
Median home price: $470,000
Change in price since 2006 peak: -38.7%
Unemployment rate: 7.1%
Foreclosure rate: 1 in every 392 households (Low)
Distressed sales: 12.2%


8. Reno, Nevada

One-year change in home prices: +18.3%
Median home price: $240,000
Change in price since 2006 peak: -49.2%
Unemployment rate: 9.6%
Foreclosure rate: 1 in every 221 households (High)
Distressed sales: 34.5%


7. Sacramento, California

One-year change in home prices: +18.3%
Median home price: $240,000
Change in price since 2006 peak: -49.2%
Unemployment rate: 9.6%
Foreclosure rate: 1 in every 221 households (High)
Distressed sales: 34.5%


6. San Jose, California

One-year change in home prices: +19.0%
Median home price: $660,000
Change in price since 2006 peak: -22.6%
Unemployment rate: 7.6%
Foreclosure rate: 1 in every 583 households (Low)
Distressed sales: 16.0%


5. Seattle, Washington

One-year change in home prices: +19.2%
Median home price: $290,000
Change in price since 2006 peak: -23.5%
Unemployment rate: 6.6%
Foreclosure rate: 1 in every 176 households (High)
Distressed sales: 20.5%


4. Las Vegas, Nevada

One-year change in home prices: +20.7%
Median home price: $149,000
Change in price since 2006 peak: -57.9%
Unemployment rate: 9.8%
Foreclosure rate: 1 in every 99 households (High)
Distressed sales: 42.9%


3. Bremerton, Washington

One-year change in home prices: +20.7%
Median home price: $225,005
Change in price since 2006 peak: -30.9%
Unemployment rate: 8.3%
Foreclosure rate: 1 in every 216 households (High)
Distressed sales: 22.6%


2. Salt Lake City, Utah

One-year change in home prices: +24.1%
Median home price: $164,100
Change in price since 2006 peak: +1.4%
Unemployment rate: 5.0%
Foreclosure rate: 1 in every 215 households (High)
Distressed sales: 16.6%


1. Phoenix, Arizona

One-year change in home prices: +26.2%
Median home price: $174,900
Change in price since 2006 peak: -46.5%
Unemployment rate: 6.7%
Foreclosure rate: 1 in every 184 households (High)
Distressed sales: 21.7%

Source: Clear Capital, Yahoo News

By Amanda CorneliusAmanda Cornelius on FacebookAmanda Cornelius on Twitter Visit author's website

Amanda is the Founder and CEO of Properties Online, Inc, a website technology company created to help agents and brokers grow their business. At Properties Online we are dedicated to helping real estate professionals grow their business by offering innovative and invaluable technology tools with a smile. Our web-based software is extremely easy to use and makes creating a website, a flyer or a video simple and fun!
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