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Coffee Talk
Business Observer Saturday, Jan. 2, 2016 6 years ago

Home Appreciation

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The Sarasota and Fort Myers areas posted some of the strongest rebounds in the region in house price appreciation since the bust five years ago.

The Sarasota and Fort Myers areas posted some of the strongest rebounds in the region in house price appreciation since the bust five years ago.

Using mortgage data, the Federal Housing Finance Agency's latest data through the third quarter show widespread recovery in the housing market.

The North Port-Sarasota-Bradenton area ranked fifth nationally among the highest rates of house appreciation over the most recent one-year period with a 13.58% increase. The Cape
Coral-Fort Myers ranked 13th in the nation with 11.72% growth.

The data includes purchase and refinance mortgages to determine all transaction values. Port St. Lucie and Palm Bay ranked first and second in the nation, respectively, with one-year increases of 15.79% and 14.56%.

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