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CoreLogic: Home prices in Colorado Springs rise

Tue, Sep 4, 2012

News

Home prices in Colorado Springs, including distressed properties, increased 3.9 percent in July 2012 compared to July 2011, according to national analytics firm CoreLogic.

That is right in line with the national trend, where home prices, including distressed properties, increased 3.8 percent.

On a month-over-month basis, home prices, including distressed sales, increased by 0.9 percent in Colorado Springs from June 2012 to July 2012. Nationally, they increased 1.3 percent

Excluding distressed sales, year-over-year prices in Colorado Springs increased by 3.6 percent in July 2012 compared to July 2011.

CoreLogic compiles real estate sales statistics monthly and highlights notable activity, including these tidbits:

  • Including distressed sales, the five states with the highest appreciation were: Arizona (+16.6 percent), Idaho (10.0 percent), Utah (+9.3 percent), South Dakota (+8.3 percent) and Colorado (+7.3 percent).
  • Including distressed sales, the five states with the greatest depreciation were: Delaware (-4.8 percent), Alabama (-4.6 percent), Rhode Island (-2.2 percent), Connecticut (-1.7 percent) and Illinois (-1.7 percent).
  • Excluding distressed sales, the five states with the highest appreciation were: Arizona (+11.3 percent), Utah (+10.5 percent), Montana (+9.1 percent), South Dakota (+8.6 percent) and North Dakota (+6.9 percent).
  • Excluding distressed sales, the five states with the greatest depreciation were: Delaware (-3.5 percent), Alabama (-2.4 percent), New Jersey (-1.2 percent), West Virginia (-0.5 percent) and Connecticut (-0.2 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to July 2012) was -27.2 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -20.2 percent.
  • The five states with the largest peak-to-current declines including distressed transactions are Nevada (-56.0 percent), Florida (-44.2 percent), Arizona (-42.8 percent), California (-38.0 percent) and Michigan (-37.4 percent).
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 23 are showing year-over-year declines in July, four fewer than in June.
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