Miami home prices outpaced national growth in January
Miami home prices continued to rise in January, outpacing national growth, according to a closely watched market barometer.
The housing market in Miami grew 8.3 percent year-over-year, according to the S&P/Case-Shiller Home Price Indices.
That was the second highest rate of growth in the nation, after Denver (8.4 percent). Nationally, home prices were up 4.5 percent compared to last year.
Prices in Miami also grew in monthly terms, going up .9 percent between December and January. That was the same rate of growth seen between November and December. (The numbers have been adjusted to account for seasonal changes in the market).
http://www.miamiherald.com/news/business/article16988444.html
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A question to be asked is if this is legitimate growth or the start of another real estate bubble...
= new reply since forum marked as read
It is happening in Naples also. Tore down a big orange grove and are building HUGE condos, starting at $500,000. What? There was also vacant land from the last bubble where the developer went backrupt. Someone bought it there too and building more condos, starting at that same $500,000.
They are crazy!!!!! These are not anywhere near the water. One faces a main road (traffic) and malls. The other is out of the way and has a wonderful view of an industrial complex. 
