Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 10.82%
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: + 10.82%
- State of FL: + 13.45%
- Difference: - 19.53%
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% |
| 1998 | 1 | 112.18 | + 3.08% | + 12.31% |
| 1998 | 2 | 111 | - 1.05% | - 4.21% |
| 1998 | 3 | 111.92 | + 0.83% | + 3.32% |
| 1998 | 4 | 113.59 | + 1.49% | + 5.97% |
| 1999 | 1 | 114.33 | + 0.65% | + 2.61% |
| 1999 | 2 | 113.9 | - 0.38% | - 1.50% |
| 1999 | 3 | 115.55 | + 1.45% | + 5.79% |
| 1999 | 4 | 116.2 | + 0.56% | + 2.25% |
There are a lot of ways to use the appreciation data for Cape Coral Fort Myers, Florida .
Lets look at Fort Myers, Florida, a city located in Cape Coral Fort Myers, Florida MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Fort Myers, Florida check out 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 $95,000.00 in 1996, you could multiply by + 10.82%, add the gain and see the home should be worth $105,283.74 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 1996 to 1999:
+ 2.71%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
In contrast, the worst 5 MSAs from 1996 to 1999 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Bakersfield-CA, Reading-PA, and Albany-Schenectady-Troy-NY .
- Honolulu-HI decreased by - 13.65% between 1996 and 1999
- Buffalo-Niagara-Falls-NY decreased by - 2.34% between 1996 and 1999
- Bakersfield-CA decreased by - 0.56% between 1996 and 1999
- Reading-PA decreased by - 0.46% between 1996 and 1999
- Albany-Schenectady-Troy-NY decreased by - 0.38% between 1996 and 1999
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