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Sticker Shock: Florida Home Prices Double in Just Six Years

Point2Homes, an international real estate search portal, released a revealing study.

A recent study by Point2Homes has revealed a startling but all-too-common trend: all five largest markets in Florida have experienced a doubling of home prices in just six to eight years. In the last six years, home prices in Miami have exceeded the half-million mark, while Tampa’s homes have doubled in cost to exceed $400,000 in the same period.

Over the last six years, Miami witnessed an increase in home prices from around $290,000 in 2018 to $583,000, which made it the third fastest doubling in value among the 100 largest cities in the U.S. Tampa experienced a similar rise in real estate prices, with homes going from $213,500 to $430,000 in the same time frame. 

Tampa tied with Miami for the third-fastest price rate doubling among the country’s largest cities. This rapid increase in home prices is not limited to Miami and Tampa. Other major cities in Florida, such as Jacksonville, Orlando, and St. Petersburg, have also witnessed a trend of rapid price doubling, with home prices increasing twofold over the past six to eight years.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.