Naples-Marco home values to go up 20 percent, study says

Home values for Naples-Marco Island are forecast to increase by 20 percent by the first quarter of 2015, according to Local Market Monitor.

The Cary, N.C-based research firm forecast it will tie with North Port-Sarasota-Bradenton for the third-highest expected appreciation in the state.

Higher appreciation rates are anticipated for Fort Lauderdale-Pompano Beach-Deerfield Beach at 24 percent and West Palm Beach-Boca Raton-Boynton Beach at 23 percent.

Prices in Naples-Marco Island are forecast to increase an additional 15 percent in 2016 and 12 percent in 2017.

In Cape Coral-Fort Myers, prices are projected to rise 12 percent by 2015, and 10 percent and 9 percent in the ensuing years.

That puts the city 10th out of 20 Florida metro areas studied.

Nationally, the research firm expects prices to rise 8.7 percent by 2015.

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