Real Estate Appreciation for Cape Coral Fort Myers, Florida: + 18.62%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Cape Coral Fort Myers, Florida did compared to the state as a whole.
The Cape Coral Fort Myers, Florida MSA property value change was + 18.62% (+ 4.66% yearly).
All of the property in FL averaged + 21.14% change in value (+ 5.29% yearly).
Cape-Coral-Fort-Myers-FL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2000 | 1 | 118.99 | + 2.40% | + 9.60% |
| 2000 | 2 | 120.44 | + 1.22% | + 4.87% |
| 2000 | 3 | 123.45 | + 2.50% | + 10.00% |
| 2000 | 4 | 127.15 | + 3.00% | + 11.99% |
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 $97,000.00 in 1997, you could multiply by + 18.62%, add the gain and see the home should be worth $115,062.51 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cape-Coral-Fort-Myers-FL from 1997 to 2000:
+ 4.66%
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 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 2000
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