USA Properties

[vc_row][vc_column][vc_column_text]All 20 major U.S. cities experienced relatively strong house price hikes, according to Standard and Poor’s, with Seattle posting the highest increase of 12.71% during the year to November 2017, followed by Las Vegas (10.6%), San Francisco (9.04%), San Diego (7.45%), Los Angeles (7.02%), Tampa (7.02%), and Dallas (7.02%). Strong house price rises were also registered in Detroit (6.98%), Denver (6.94%), Portland (6.94%), Boston (6.26%), Charlotte (5.76%), New York (5.71%), Phoenix (5.54%), Minneapolis (5.41%), Atlanta (5.14%), Cleveland (4.13%), and Miami (4.06%).

Washington and Chicago saw the lowest growth in inflation-adjusted house prices at 3.28% and 3.59%, respectively.

The average sales price of new homes sold in the U.S. rose by about 4.3% y-o-y in December 2017, to US$398,900, according to the U.S. Census Bureau. On the other hand, the median sales price of new homes sold increased by a more modest 2.6% to US$335,400 over the same period.

For existing homes, the median price was up 5.8% to US$246,800 in December 2017 from a year earlier, according to the National Association of Realtors (NAR). December’s price increase marks the 70th consecutive month of year-over-year gains.

Demand continues to rise. Sales of new single-family houses rose by 8.4% to 608,000 units in 2017 from the previous year, according to the U.S. Census Bureau. Likewise, existing home sales were up by 1.1% to 5.51 million units in 2017, the highest level since 2006, according to NAR.

U.S. homebuilder sentiment surged to 74 in December 2017, up from 69 a year earlier and the highest level in more than 18 years, according to the National Association of Home Builders(NAHB)/Wells Fargo Housing Market Index (HMI). A reading of 50 is the midpoint between positive and negative sentiment.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column]

700 Front Street, Key West, FL

$850,000 - Single Family Home

Beautiful home on quiet, tree lined street. Addition and renovation create desirable layout with gracious master suite, oversized walk-in closet and lovely bathroom! Formal living…

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