Miami's Real Estate Extremes

[john simpson]

According to the Case-Shiller housing index which measures real estate appreciation since 2000 and ranks the markets since their peaks or basically how far the market has crashed since the Bubble burst, rates Miami Real Estate as the third biggest crash behind Las Vegas and Phoenix. On the other hand, when measuring property appreciation values and recovery, it shows Miami Real Estate appreciation at 11%. Outperforming most cities in the US.
Is it fare to call Miami the most unpredictable City in the country?

 

[Atlbroker]

Miami is definitely a unique city in that property values vary greatly from one block to the next. The other thing to factor into the above mentioned study is it started in 2000, consider all of the condo conversions that happen since then and those count for quite a bit of the properties sold.