Best Housing Market June 2011 to June 2012: Phoenix, Ariz.
The Phoenix metro area of Arizona, encapsulating Mesa and Scottsdale according to Clear Capital, racked up a stunning 20.4% jump in prices from June 2011 to June 2012.
And unlike Columbus, Phoenix growth doesn’t seem to be a fluke based on some noise in the data.
Phoenix “has been a market showing consistent signs of strength for the past 10 months,” Clear Capital writes. “With current quarterly growth of 8.7% and annual gains of 20.4%, the positive trends in this market are supported on a more sustainable basis.”
Rounding out the top five year-over-year gainers are:
2. Columbus, Ohio, up 14.3% since 2011
3. Minneapolis-St. Paul, Minn., up 13.1% in the last year
4. Miami metro area, including Ft. Lauderdale, Fla., which was up 11.6%
5. Pittsburgh, Pa., up 11.5% year-over-year.