Colorado Springs, CO - House Price Index (HPI)
Colorado Springs Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Colorado Springs, CO single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, June 19, 2015. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Colorado Springs Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18517
3rd Quarter, 2014 Housing Statistics: Colorado Springs, Colorado


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Colorado Springs housing market for
the 12 months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the
Trend Projection for Colorado Springs is 79%. In other words, when tested
against historical data, the forecasting methodology was correct 79% of the
time. Accordingly, LittleBigHomes.com estimates that the probability for rising
house prices in Colorado Springs is 79% during this period. If this Housing
Market Forecast is correct, home prices will be higher in the 3rd Quarter of
2015 than they were in the 3rd Quarter of 2014. Check this page each quarter
for updates to the Colorado Springs Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Colorado Springs housing market for the 3
years ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Colorado Springs is 75%. In other words, when tested against
historical data, the forecasting methodology was correct 75% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Colorado Springs is 75% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 3rd Quarter of 2017 than
they were in the 3rd Quarter of 2014. Check this page each quarter for updates
to the Colorado Springs Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Colorado Springs, Colorado


Historical Home Price Appreciation
Last Quarter                                     1.53%
Last Year . . . . . . . . . . . . . . . . . . . .  3.7%
Last 5 Years                                     5%
Last 10 Years . . . . . . . . . . . . . . . . . 10%
Last 20 Years                                   85%
Decline From All Time High               2.66%


Annual Home Price Appreciation Rates
1984      8.30%
1985      1.81%
1986      3.63%
1987      -1.87%
1988      -1.95%
1989      0.58%
1990      0.19%
1991      4.31%
1992      6.88%
1993      10.33%
1994      9.34%
1995      7.17%
1996      5.77%
1997      4.62%
1998      4.45%
1999      4.25%
2000      7.25%
2001      8.48%
2002      4.59%
2003      2.51%
2004      5.72%
2005      7.07%
2006      3.23%
2007      -0.64%
2008      -2.76%
2009      -2.61%
2010      -1.57%
2011      -2.60%
2012      0.97%
2013      3.41%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.53%         Rank: 174 of 381 (54th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.7%           Rank: 202 of 381 (47th Percentile)
Last 5 Years                              5%              Rank: 126 of 381 (67th Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 194 of 381 (49th Percentile)
Last 20 Years                            85%            Rank: 134 of 378 (64th Percentile)
Decline From All Time High        2.66%

The change in home prices for Colorado Springs, CO are shown above for five
time periods. For example: Colorado Springs appreciated 1.53% in the Last
Quarter. At that rate, the Colorado Springs Real Estate Market was ranked
174th out of 381 metropolitan Real Estate Markets. Colorado Springs was in the
54th percentile. So Colorado Springs, CO performed better in the Last Quarter
than 54% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Colorado Springs, Colorado

The all time high in the Colorado Springs Home Price Index was 186.4 in the 1st
Quarter, of 2007. The 3rd Quarter, 2014 index value was 181.5. That's a
decline of 4.95 points or 2.66% below the Colorado Springs Home Price Index
all time high.  The Home Price Index indicates that the Colorado Springs Market
is up 10% over the last 10 years. Home prices in the Colorado Springs Real
Estate Market have gained 3.67% over the last 12 months. Over the last thirty
years, it is up 161%.

The 3rd Quarter index value was 2.73 points higher than the 2nd Quarter, 2014
index value of 178.75, resulting in a 1.53% rise in the 3rd Quarter for the
Colorado Springs Market.

The Colorado Springs Home Price Index has increased for the last 3
consecutive quarters. The current record holders for consecutive increases in
the Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 13 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Terre Haute, IN, with declines in
the last 3 consecutive quarters.

The highest annual change in the value of houses in the Colorado Springs Real
Estate Market was 20% in the twelve months ended with the 2nd Quarter of
1982. The worst annual change in home values  in the Colorado Springs
Market was -8% in the twelve months ended with the 4th Quarter of 1983.

The highest growth in home values in the Colorado Springs Real Estate Market
over a three year period was 39% in the three years ended with the 4th Quarter
of 1982. The worst performance over a three year period in the Colorado
Springs Market was -10% in the three years ended with the 2nd Quarter of
2011.

This page provides a long term graph of the Colorado Springs Home Price
Index (above). For information about Colorado home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Colorado Springs
Home Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Colorado Springs Market. The terms House Price Index and Home Price
Index, as used in this site, refer to the Federal Housing Finance Agency (FHFA)
House Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Colorado Springs Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2014 Housing Data: Colorado Springs, Colorado

The trend of Colorado Springs Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 3rd Quarter of 2014, Colorado Springs Home Prices had a rank of
174, with appreciation of 1.53%. The top performing real estate market during
the 3rd Quarter was Johnstown, PA, with a rise of 7.10%. The worst market
during that period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Colorado Springs Home Prices had a rank of 202,
with appreciation during the year of 3.67%. The top performing market during
the last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Colorado Springs Home
Prices ranked 126, with a total appreciation of 4.9%. The top performing real
estate market during the 5 year period was Merced, CA, with a growth in value
of 45%. The worst market during that period was Ocala, FL, with appreciation of
-16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Colorado Springs Home
Prices had a rank of 194, with appreciation during the decade of 10%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Colorado Springs Home
Prices had a rank of 134, with total growth over the 20 year period of 85%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 229%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Colorado Springs Real
Estate Market is available back to the 2nd Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Colorado Springs.
Real estate appreciation figures represent total net increase or decrease over
each time period. (Unless specifically stated, the figures do not represent
annual or quarterly rates of change.)





SignalTrend  Inc. 2008 - 2015; All rights reserved.



_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of
Use/Disclosure                                            SignalTrend Inc.  2008 - 2012, All Rights Reserved
LittleBigHomes.com
1/75
1/1980
1/1985
1/1990
1/1995
1/2000
1/2005
1/2010
1/15