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