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A report from CoreLogic shows the North Port-Sarasota-Bradenton market led the way on the Gulf Coast in year-over-year home price increases in February.
From Tampa to Fort Myers, the North Port-Sarasota-Bradenton area had the highest price increase with a 10.8% year-over-year increase in February, when distressed sales are included. When distressed sales were excluded, prices increased by 10.3% in February compared with February 2012, CoreLogic says.
In Cape Coral-Fort Myers, home prices, including distressed sales, increased by 8.8% in February compared with the same month last year, CoreLogic says. Excluding distressed sales, year-over-year prices increased by 9.2% in February compared with February 2012.
The Tampa-St. Petersburg-Clearwater area showed the smallest price increase on the Gulf Coast, with home prices, including distressed sales, increasing by 7.5% in February compared with the same month last year. Excluding distressed sales, year-over-year prices increased by 10%.
CoreLogic says nationally home prices, including distressed sales, increased 10.2% year-over-year in February, which was the largest in prices since March 2006. According to the Irvine, Calif.-based real estate research firm, Nevada, Arizona, California, Hawaii and Idaho had the highest home appreciation in February compared with February 2012.
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