Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 4.71%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Cape Coral Fort Myers, Florida MSA appreciation it was + 4.71% (+ 1.18% yearly) from 1994 to 1997.
During the same time period, FL had + 9.37% (+ 2.34% yearly).
From 1994 to 1997, Florida outperformed the individual Cape Coral Fort Myers, Florida MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Cape-Coral-Fort-Myers-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 102.4 | - 1.47% | - 5.89% |
| 1994 | 3 | 101.8 | - 0.59% | - 2.34% |
| 1994 | 4 | 102.88 | + 1.06% | + 4.24% |
| 1995 | 1 | 100 | - 2.80% | - 11.20% |
| 1995 | 2 | 102.31 | + 2.31% | + 9.24% |
| 1995 | 3 | 104.21 | + 1.86% | + 7.43% |
| 1995 | 4 | 106.59 | + 2.28% | + 9.14% |
| 1996 | 1 | 104.85 | - 1.63% | - 6.53% |
| 1996 | 2 | 104.68 | - 0.16% | - 0.65% |
| 1996 | 3 | 105.59 | + 0.87% | + 3.48% |
| 1996 | 4 | 102.95 | - 2.50% | - 10.00% |
| 1997 | 1 | 107.19 | + 4.12% | + 16.47% |
| 1997 | 2 | 104.75 | - 2.28% | - 9.11% |
| 1997 | 3 | 107.98 | + 3.08% | + 12.33% |
| 1997 | 4 | 108.83 | + 0.79% | + 3.15% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Fort Myers, Florida Refinance, or Fort Myers, Florida Reverse Mortgages, you could estimate your home value.
If you knew your Fort Myers, Florida home was worth $91,000.00 in 1994, you could multiply by + 4.71%, add the gain and see the home should be worth $95,290.39 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 1994 to 1997:
+ 1.18%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1994 to 1997 were Ogden-Clearfield-UT, Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, and Portland-Vancouver-Beaverton-OR-WA .
- Ogden-Clearfield-UT increased + 41.78% from 1994 to the end of 1997
- Salt-Lake-City-UT increased + 41.49% from 1994 to the end of 1997
- Provo-Orem-UT increased + 38.70% from 1994 to the end of 1997
- Logan-UT-ID increased + 35.30% from 1994 to the end of 1997
- Portland-Vancouver-Beaverton-OR-WA increased + 34.77% from 1994 to the end of 1997
Zip Code in MSA: 33901 - FORT MYERS, FL
MSA Pop: 492210Zip Pop: 21072
Avg Value: 88500
County: LEE
Elev: 10
Region: South
Lat: 26.628545
Long: -81.86739