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Home price index holding on in Colorado Springs

Mon, Jan 9, 2012

News

Home prices in Colorado Springs are stronger than the national average, according to data released today from real estate analytics firm CoreLogic.

Excluding the sales of distressed properties in short-sale, foreclosure and similar circumstances, existing home sales prices in Colorado Springs rose 1.1 percent from November 2010 to November 2011. They rose 0.4 percent from October 2010 to October 2011.

Nationally, home sales prices, excluding distressed properties, dropped 0.6 percent from November 2010 to November 2011, according to CoreLogic data. That was an improvement over October figures when the home price index dropped 1.6 percent.

Including the sales of distressed properties, national figures were even worse with a 4.3 percent year-over-year decline.

Colorado Springs home sales prices, including distressed properties, declined only 0.2 percent year-over-year in November.

Including distressed sales, the five states with the highest appreciation were: Vermont (+4.3 percent), South Carolina (+2.8 percent), District of Columbia (+2.1 percent), Nebraska (+1.9 percent) and New York (+1.7 percent).

The five with the highest depreciation were: Nevada (-11.2 percent), Illinois (-9.7 percent), Minnesota (-7.8 percent), Georgia (-7.7 percent) and Ohio (-7.2 percent).

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