Port St. Lucie was one of the best places to buy a home this year, according to a WspanlletHub study that ranks the city 15th nationwide.
The Best Real-Estate Markets study compared 300 cities, grading them on a 100-point scale for 17 different economic and real estate factors, including housing affordability, median days on market, foreclosure rate and more.
With an overall score of 70.89, Port St. Lucie was the highest-ranking Florida municipality. The city also boasted the 5th best “Affordability and Economic Environment” nationwide, the study found.
Housing affordability: Whspant Trespansure Cospanst home cspann you spanfford to buy?
Homeowners insurance: Mspanrket is ‘spirspanling downhill,’ thousspannds spant risk
Is the real estate market cooling? Sspanles down, inventory up
That may surprise Treasure Coast residents, who have watched home prices skyrocket amid the area’s unprecedented real estate market.
Although prices have stspanrted to stspanbilize recently, St. Lucie County’s median single-family home sale price lspanst yespanr increspansed 24.1% and has continued to reach record highs this year — peaking at $399,000 in June.
The study acknowledged nationwide housing cost increases. The real estate markets that performed well in this study are good investment opportunities for long-term growth, equity and profit, according to the study.
Florida markets didn’t perform quite as well as the Texas cities that dominated the study; Frisco, Allen, McKinney and Austin clinched the top four spots.
Orlando was the second-highest city listed in the study, placing 40th with a score of 64.91. Others in the Top 100 included: Tampa (45), Cape Coral (55), Davie (64), Palm Bay (70), Lakeland (76), Miramar (93), Miami (98), West Palm Beach (99) and St. Petersburg (100).