With a one-year appreciation rate of 9.27 percent, the Boulder metro area (Boulder County) moved up 28 slots on the Federal Housing Finance Agency’s ranking of metro areas’ home price appreciation rates for the fourth quarter of 2014, coming in at No. 34 out of 275 cities.
That’s up from No. 62 in the third quarter when its rate was 8.35 percent.
Despite the leap, Boulder was only the third-highest ranked Colorado city, coming in behind No. 24-ranked Denver-Aurora-Broomfield, which had a one-year appreciation rate of 10.18 percent, and No. 23-ranked Greeley, which climbed 21 spots with a rate of 10.24 percent.
With all seven Colorado metros showing improvement in appreciation rates year over year, Colorado’s rate of 7.86 percent allowed it to move up the state rankings from No. 8 – where it stayed for the first three quarters of 2014 – out of 51 to No. 4.
Only two of Colorado’s metros failed to make it in the top 100, and one dropped to the bottom 20: Colorado Springs ranked 147th with a rate of 4.01 percent, dropping from 113th in the third quarter, while Grand Junction ranked 259th with a rate of 0.40 percent, a significant fall from a rank of 141st the quarter before. Both cities’ rates were below the national appreciation average of 4.91 percent.
Here’s a complete look at Colorado and its seven metros’ appreciation rates for the fourth quarter of 2014 compared with the national average and their rates for the third quarter of 2014:
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RE/MAX of Boulder