By Tom Kalinski, Owner & Founder, RE/MAX of Boulder
Published in Daily Camera At Home section on Friday, Aug 16, 2019
Boulder homeowners breathe easy: your home has zero chance of losing at least 5 percent of its value in the 10 years after purchase, according to SmartAsset’s analysis of 25 years of U.S. housing data.
In fact, Boulder leads the nation, ranking No. 1 for home value stability and growth for the fifth consecutive year.
Colorado dominates this year’s home value growth and stability rankings with three Colorado metros in the top ten – Boulder, No. 1; Fort Collins, No. 4; and Denver-Aurora-Lakewood, No. 8. Metro areas in Texas, California, North Dakota, and Wyoming round out the top ten.
Boulder’s housing value increased 268 percent over the 25-year period from 1994 through 2018, which is the fourth-highest percentage of metros in the study’s top 10, and fifth-highest overall.
“For those looking to invest in real estate, Boulder is a safe bet and is in one of the best states in the country for homeowners,” the report states.
Home values in Fort Collins grew 245 percent for the same period with a 2 percent chance of at least a 5 percent decline in their home’s value within 10 years of purchase.
Denver-Aurora-Lakewood rose from ranking ninth last year to eighth in the country for home value growth and stability. The average home increased 279 percent in value over 25 years – the third-highest rate in the top 10 of all 358 metro areas analyzed.
But Denver-Aurora-Lakewood homeowners face a 17 percent risk of home value decrease of at least 5 percent in value within the first 10 years of purchase.
SmartAsset rankings are based on Federal Housing Administration (FHA) data for 358 U.S. metro areas between the first quarter of 1994 and the fourth quarter of 2018. Two metrics were analyzed: stability, or the probability of a significant price decline of 5 percent or more at any point over 10 years after home purchase, and overall home price growth over the period analyzed.
Since maintaining and increasing the price of your home over time is one of a home buyer’s chief concerns, Boulder is in a good position. A ranking of zero percent chance of 5 percent decline reflects low volatility in the housing market.
“A stable housing market requires years of consistent performance, so it’s not unusual that places repeat year after year,” SmartAsset reports.
Read the full report at https://smartasset.com/mortgage/best-housing-markets-for-growth-and-stability-2019
About Tom Kalinski:
Tom Kalinski is a pillar of the Boulder Valley real estate community who was inducted into Boulder County’s Business Hall of Fame in 2016. Tom has vast inside knowledge of the Boulder County real estate market and an impressive 40-year background in commercial and residential real estate. Tom is the Broker/Owner of RE/MAX of Boulder, the top-producing local residential real estate company he established in 1977, which has grown to over 100 Realtors. RE/MAX of Boulder has been voted Best Real Estate Group by Boulder Weekly, Best Real Estate Company by Colorado Daily, and named #1 RE/MAX office in the U.S. for sales volume 8 times.
For questions, email Tom at firstname.lastname@example.org or call 303-441-5620.