Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 3.80%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Cape Coral Fort Myers, Florida: + 3.80%
- State of FL: + 4.24%
- Difference: - 10.40%
Cape-Coral-Fort-Myers-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Cape-Coral-Fort-Myers-FL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Florida, you can do some research at Spec-Loan.com.
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 $93,000.00 in 1996, you could multiply by + 3.80%, add the gain and see the home should be worth $96,530.19 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 1996 to 1997:
+ 1.90%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1997 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Monroe-MI, and Muskegon-North-Shores-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 18.65% from 1996 to the end of 1997
- Bay-City-MI increased + 14.57% from 1996 to the end of 1997
- Jackson-MI increased + 14.25% from 1996 to the end of 1997
- Monroe-MI increased + 14.01% from 1996 to the end of 1997
- Muskegon-North-Shores-MI increased + 13.83% from 1996 to the end of 1997
In contrast, the worst 5 MSAs from 1996 to 1997 were Honolulu-HI, Utica-Rome-NY, Lewiston-Auburn-ME, Madera-CA, and Johnstown-PA .
- Honolulu-HI decreased by - 11.37% between 1996 and 1997
- Utica-Rome-NY decreased by - 5.89% between 1996 and 1997
- Lewiston-Auburn-ME decreased by - 2.85% between 1996 and 1997
- Madera-CA decreased by - 2.52% between 1996 and 1997
- Johnstown-PA decreased by - 2.31% between 1996 and 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