Despite all but two of its metros losing ground from the fourth quarter of 2013 to the first quarter of 2014, Colorado managed to remain in the top 10 of states for its statewide home-price appreciation rate, according to the Federal Housing Finance Agency.
The state’s one-year appreciation rate increased from 9.1 percent in the fourth quarter of 2013 to 9.34 percent in the first quarter of this year, allowing it to move up in the rankings slightly from ninth to eighth.
Boulder fell from 57th ranked metro out of 287 in the fourth quarter of 2013, with a one-year appreciation rate of 9.37 percent, to 63rd out of 280 in the first quarter of 2014 with a one-year appreciation rate of 8.05 percent.
Once again Denver-Aurora-Broomfield ranked highest among Colorado metros with a rank of 48th and a 9.35 percent appreciation rate in the first three months of this year, compared with a rank of 44th and a rate of 10.95 percent in the previous quarter.
Pueblo’s appreciation rate improved the most – from -0.15 percent to 3.28 percent – quarter to quarter and it moved up the most places in rankings, from 231st to 120th, while Grand Junction’s rate fell the most, from 5.71 percent and a ranking of 80th to 0.51 percent and a ranking of 201st.
Here’s a look at how the state and its metros’ home-price appreciation rates stacked up to the nation’s in the first quarter of 2014 and the fourth quarter of 2014:
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RE/MAX of Boulder