Colorado Real Estate: Which Regions Had The Highest Rise In Average Home Value Since 2000?

The Colorado Association of Realtors, in association with Colorado State University's Everitt Real Estate Center, has conducted a study that determines which region in Colorado has experienced greatest increase in home value over the last ten years.

The study divides the state into 7 regions: Denver Metro, Colorado Springs Metro, Eastern Plains, Northern Colorado (Weld, Larimer and Boulder Counties), Mountain Resort (Eagle, Summit, Pitkin, Routt and Grand Counties), Mountain Rural (The San Luis Valley and surrounding areas) and the Western slope.

Researchers then analyzed the prices of home sales to form an estimate of the percentage by which homes appreciated or depreciated in value over the course of the decade.

The study showed that Western Slope home values rose by the greatest percentage over the course of the decade. Meanwhile, the Denver Metro area showed the smallest growth over the course of the ten years, although the area was the only region in the state to show growth during the volatile 2008-2009 period.

Check out the results below:

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Western Slope - 68.5% Home Appreciation

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Comments

[Apachejew]

05:32 PM on 08/30/2010

The area traveling north from Montrose County through Mesa County east to Eagle County is a part of country known by some area residents as "The Land of Dirty Elbows".
(uncivilized, ignorant and uneducated).
Or "Spun", or "Sponge Junction" referring to a drug epidemic that's been allowed to thrive here in Mesa County, Colorado, and in the rural community of Grand Junction for decades.
( I believe dirty drug money from all areas of the country finds its way to the Western Slope via business and real estate investors, corrupt county officials and lax banking regulations).
Welfare remains a dirty word, but a large part of the population is either forced, or encouraged to become dependent on county government with little oversight.
People say to me, all the time, "Oh, it's this bad everywhere no matter where you go."
My response? "If it's this bad everywhere, then I know my country is doomed."
Quality of life in this part of the country is nothing but an oxymoron.

[Durango]

05:04 PM on 08/26/2010

Which area has the MOST overpriced houses?

Overly large as well,

P.S. SW Colorado may be on the Pacific Slope, but it is not the "West Slope"

It is SW Colorado.

[go rbo]

04:31 PM on 08/25/2010

Looking for small businesses for sale in the Colorado Mountains? We have over 30 of them all over the regions. Now is a great time to buy a business in paradise. http://go-rbo.com

[MISTERUNCONVENTIONAL]

10:47 AM on 08/25/2010

Does anyone recognize that golf link? Is that Tamarron / Glacier Club?

[Durango]

05:07 PM on 08/26/2010

You mean Tamariod, Durango's Pain In the @ss?

As a resident and bumper sticker slogan writer I can say for certain that is not Tamaroid.

[MISTERUNCONVENTIONAL]

10:44 AM on 08/25/2010

Durango homes more than tripled. And they've come down less than 20% since.

[eilish]

12:40 AM on 08/25/2010

I've lived all over Colorado and the Western Slope was my least favorite place of all of them. Ugh.

I love Denver, my kids own homes in North Denver where I often stay for months at a time . Such a young, vibrant city.

[Durango]

05:07 PM on 08/26/2010

Crazy.

[Mike Madigan]

10:46 PM on 08/24/2010

Bought a condo in Winter Park in 2005 for $133,000, did $30,000 remodel and sold it in 3 days in 2007 for $210,000. Clearly part of the mountain resort appreciation...

[kuhler]

07:26 PM on 08/24/2010

I lived in the Denver metro area during the mid 80s. Bought a 1500 sf home for $99,000 in 1983 and in 1987, just barely broke even on the sale of it. A very expensive place to live. I wouldn't go back there if someone offered to make my house payments.

[doglove]

09:59 PM on 08/24/2010

Wow, sounds like you were on the wrong side of the bubble!

I know peeps who did well selling in Denver, but they were in for the long haul.

[Solsister]

10:01 PM on 08/24/2010

Wish more people felt this way :)
There are just too many people on the Front Range. But you bought your house and sold it during the oil shale bust in Colorado. The 90s were a completely different story. I had friends buy a 2 bedroom condo in 1997 for $132,000 and sell five years later for $180,000. Not bad!