Region tops price gains

Cape Coral/Ft Myers 2nd in nation for home price appreciation

Naples isn't No. 1 anymore. But another Southwest Florida metropolitan area has made a fast climb to No. 2.

The Cape Coral-Fort Myers market saw the second-largest home price appreciation gains in the nation for the year ending Sept. 30, increasing 33.16 percent since September 2004, according to a new study by the Office of Federal Housing Enterprise Oversight. The Cape Coral-Fort Myers metro area jumped to No. 2 from a ranking of No. 9 in June.

Naples no longer at top in home appreciation [Naples Daily News]