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FORT MYERS — The Cape Coral-Fort Myers area had the fifth-highest percentage rate of house price appreciation in 2012, according to the Federal Housing Finance Agency.
The Cape Coral-Fort Myers area saw house prices appreciate 6.73% last year, according to the seasonally adjusted index that uses sales-price information from Fannie Mae and Freddie Mac mortgages. The index uses both purchase and refinance mortgages in its calculation.
The Cape Coral-Fort Myers area was the only metro area on the Gulf Coast among the top 20 areas of the country with the highest percentage rate of appreciation last year. The four metro areas ahead of the Fort Myers area for house appreciation last year were Bismarck, N.D. (up 13%), Phoenix (up 12%), Boise, Idaho (up 8%) and San Jose, Calif. (up 7%).
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