Boulder, Colorado Home Values On the Rise
Jay Elvins - 08/16/10
Home prices in Boulder, Colorado rose by 1.5 percent in June as compared with June 2009. These figures, reported by CoreLogic, include foreclosures and other distressed properties. Taking the distressed properties out of the equation, prices rose nearly 2.5 percent year-over-year. The report showed that nationwide, prices increased on a year-over-year basis for the fifth month in a row.
The index showed national home prices overall, including distressed property sales, increased by 1.4 percent in June, compared to the same month a year ago. The rise was smaller than the 3.7 year-over-year increase from May.
The five states with the highest increases in home prices, including distressed properties, were South Dakota (+6.8%), Maine (+6.3%), California (+5.8%), Virginia (+4.6%), and the District of Columbia (+4.2%). The five states with the biggest drops in home prices were Idaho (-9%), Alabama (-3.7%), Oregon (-3.4%), Washington (-3.3%), and New Mexico (-3.1%).
If distressed properties are removed from the equation, the top five states in terms of year-over-year appreciation in June were: District of Columbia (+6.2%), South Dakota (6.2%), California (4.3%), Mississippi (3.8%), and Maine (+2.6%). The five states with the biggest drop in non-distressed property values for June were: Nevada (-6.7%), Arizona (-5.7%), Michigan (-4.7%), New Mexico (-3.9%), and Oregon (-3.3%).