Denver Metro Area Makes List for Highest Home Price Gains in 2014

By
Real Estate Agent with The Bandy Team - EXP Realty

The Western region of the U.S. continued to outpace the other three regions with an 8.7 percent price growth in home prices at the end of 2014, according to Clear Capital’s Home Data Index Market Report, which looked at data through December 2014.  But that's more than a 10 percentage point drop from the 18.9 percent growth the region saw in 2013.  The Denver-Aurora Metro area saw a year-over-year increase of 9.7% and is expected to see a 4% price gain in 2015.

 

The Midwest, showing strong gains recently, posted a 7.7 percent price growth year-over-year as of December 2014, while the South followed at 6 percent and the Northeast at 2.9 percent.

 

"Overall, 2014 was a good year, with prices up virtually across the board, though the rate of price growth has declined consistently since the year began," says Alex Villacorata, vice president of research and analytics at Clear Capital.   “As we turn the calendar, we expect this trend to continue. Nearly all markets have experienced significant turbulence over the last decade and are only now showing signs of stabilization. This stabilization is likely to persist through the first half of the year until the market's recovery strength can again be measured going into the traditional buying season.”

 

Top 10 Major Metro Markets

According to Clear Capital's latest report, here are the 10 major metros poised for the highest price gains in 2015.

 

1      Milwaukee-Waukesha-West Allis, Wis.

Year-over-year: 5.8%

2015 forecast: 4.9%

2      Columbus, Ohio

Year-over-year: 9.7%

2015 forecast: 4.5%

3      Denver-Aurora, Colo.

Year-over-year: 9.7%

2015 forecast: 4%

4      Dallas-Fort Worth-Arlington, Texas

Year-over-year: 9.1%

2015 forecast: 3.9%

5      Atlanta-Sandy Springs-Marietta, Ga.

Year-over-year: 12.6%

2015 forecast: 3.3%

6      Chicago-Naperville-Joliet, Ill.-Ind.-Wis.

Year-over-year: 8.5%

2015 forecast: 3.1%

7      Orlando, Fla.

Year-over-year: 8.2%

2015 forecast: 2.6%

8      Dayton, Ohio

Year-over-year: 9.7%

2015 forecast: 2.6%

9      Sacramento-Arden-Arcade-Roseville, Calif.

Year-over-year: 9.3%

2015 forecast: 2.5%

10  Cleveland-Elyria-Mento, Ohio

Year-over-year: 7.9%

2015 forecast: 2.5%

 

Let the professionals at the Bandy Team help you buy or sell a Denver home, contact us for a no-obligation consultation. If you’re thinking about buying a Denver home, we can show you some terrific property in Denver, including real estate for sale in Aurora and homes in Castle Rock, as well as, properties for sale in Littleton.  

Are you ready to get started finding your dream home?  Get metro Denver Property Alerts in your email and be the first to know when new homes fitting your search criteria come on the market. 

 

We are here to help!

 

Until next time,

Marianne

 

Marianne Bandy

The Bandy Team

Keller Williams Park Meadows

720-466-3790

 

www.DenverHomeSearcher.com

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