Colorado home prices maintain strength through 2Q

Posted by Tom Kalinski Founder RE/MAX of Boulder on Friday, October 10th, 2014 at 2:36pm.

Although home prices statewide didn’t increase as much in the second quarter of 2014 as they did in the first quarter, Colorado held its eighth-place ranking on the Federal Housing Finance Agency’s listing of house-price appreciation rates for the nation’s 280 metropolitan areas.

The state’s one-year appreciation rate increased 7.76 percent in the second quarter of 2014 compared with 9.34 percent in the first quarter – but that was good enough for it to maintain its national ranking and well above the national appreciation rate of 5.25 percent.

Colorado’s metros’ house prices all increased in the second quarter except for Pueblo’s, which went from the most improved in the first quarter to losing ground in the second, and Greeley’s, which dipped only slightly.

Boulder’s ranking improved from 63rd in the first quarter (8.05 percent appreciation rate) to 55th (9.60 percent) in the second, making it the second-highest ranked metro in the state.

Denver-Aurora-Broomfield ranked highest among Colorado metros with a rank of 37th and a 11.90 percent appreciation rate in the second quarter, compared with a rank of 48th and a rate of 9.35 percent in the first quarter.

 

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:

Four of Colorado’s seven metros ranked among the top 100 of 276 metros, with only Pueblo, Greeley and Grand Junction ranking lower. Pueblo was the only Colorado city to rank among the bottom 20 metros nationwide.

Here’s a look at how Colorado and its metros’ home-price appreciation rates fared in the second quarter compared with the nation and the first quarter:

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder
303-441-5620
tomkalinski33@gmail.com

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