The US Housing Housing Market Index, from Office of Federal Housing Enterprise Oversight, has Ranked Grand Junction Colorado at #2 for Home appreciation in the last year. Our homes went up by 9.08% this year. We did come in behind Thibodaux, Louisiana, they had a whopping 11.22% for home appreciation this year. Coming in the top 6 were #3-Wenatchee, WA, #4-Austin-Round Rock, TX, #5 Billings, MT, and #6 Provo, UT. As a whole, the state of Colorado came in at #23 with 2.29% increase this year, 1% this quarter, and 18.22% over the last 5 years. The big picture for Grand Junction real estate looks like this, .14% increase this quarter, and over the last 5 years a 64.42% increase. Grand Junction was listed as #3 last quarter.
Our office has been watching this closely. We had a slower winter than we have had the last couple of years, but we knew our housing market was still doing fine. Now we have the statistics to prove it. I think that the one thing this proves is that real estate is still a good investment in Colorado. You would have trouble getting those returns on any other type of investment.
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