Real Estate on The Front Range

According the the Federal Housing Finance Agency (FHFA), Boulder County ranked 23rd out of 294 metropolitan statistical areas in 1 year appreciation for the time period ending March 31, 2009.  The yearly appreciation for our area was reported as 1.99%.  As a nation the appreciation was -7.14%.  As a state, Colorado ranked 13th with -1.7%. 

The top states in the rankings were Alaska (4.79%), Oklahoma (.3%), North Dakota (.3%) and South Dakota (.29%).  In fact these four were the only states to record a positive return for the year.  The hardest hit states during the past year were; Nevada (-31%), Florida (-22.46%), California (-22.12%) and Arizona (-19.51%). 

The first chart above shows how Boulder has compared to the nation in yearly appreciation each quarter since june of 2006.  This shows how steady our market has been compared to the rest of the country.  The second graph shows show we compare to the rest of the metropolitan areas.  Even though our appreciation has been steady our ranking has jumped because of the declines seen across a majority of the country.