July 2012 home values up in all metros but Pueblo

Posted by Tom Kalinski Founder RE/MAX of Boulder on Tuesday, September 4th, 2012 at 12:03pm.

Home values increased in five of Colorado’s six metros from July 2011 to July 2012, according to Zillow’s most recent home values report.

Pueblo was the only metro that saw its values decrease, even while home values in the other metros and the state as a whole increased even more than the nation’s overall jump of 1.2 percent.

Boulder had the third highest increase – 2.6 percent – among the five Colorado metros, though it didn’t surpass the state’s increase of 2.9 percent. Not surprisingly, though, its home value of $309,700 was the highest in the state, followed by Fort Collins/Loveland’s $221,800. Those two metros, along with the Denver area, have also shown the most stability in the most recent years, according to Zillow.

Grand Junction has shown the biggest decline in home values in recent years, with home values falling from about $220,000 to $160,000 since 2007.

Zillow claims other reports on home prices, such as that by Case-Shiller, continue to show accelerating home prices, thanks to constricted supply and ongoing household formation. So while Zillow’s report is not the final say on the matter, it is in line with other home prices indices and trends.

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder

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