Cape Coral, Fort Myers, Naples ranked in top 10 in housing price increases

The Cape Coral-Fort Myers area was again third and Naples was rose to sixth in quarterly housing prices, according to a survey by the National Association of Realtors.

The median existing single-family home price increased by 64 percent of measured markets, with 142 out of 163 metropolitan statistical areas showing gains based on closings in the first quarter of 2016 compared with the fourth quarter of 2015, according to the report.

Fifty areas, 25 percent, had double-digit gains;  and 9 had price declines.

Cape Coral-Fort Myers had an increase of 21.4 percent to $183,800. Sacramento, Calif., was first at 27.1 percent and Atlanta was second at 24.7 percent.
Naples, in sixth place, had an increase of 20.1 percent to $355,500.