| Grand Junction, CO - House Price Index (HPI) - 29 Year Chart |
| Grand Junction Real Estate Market & Home Price Forecast |
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The House Price Index (HPI) shows changes in Grand Junction, CO single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See Real estate forecasts, analysis, statistics and appreciation rates below.
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See Real estate forecasts, analysis, statistics and appreciation rates below.
| Grand Junction Real Estate Index: 29 Year Chart Home Values Appreciation Rate - US Cities |
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Grand Junction Real Estate Market: Trend & Analysis
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13243
4th Quarter, 2012 Housing Statistics: Grand Junction, Colorado
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 89%
Forecast-Chart.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 Grand Junction housing market for the
12 months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Grand Junction is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Junction is 89% during this period. If this Housing Market
Forecast is correct, home prices will be lower in the 4th Quarter of 2013 than
they were in the 4th Quarter of 2012. Check this page each quarter for updates
to the Grand Junction Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Grand Junction housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Grand Junction is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Junction is 82% during this period. If this Housing Market
Forecast is correct, home values will be lower in the 4th Quarter of 2015 than
they were in the 4th Quarter of 2012. Check this page each quarter for updates
to the Grand Junction Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Grand Junction, Colorado
Historical Home Price Appreciation
Last Quarter 0.60%
Last Year . . . . . . . . . . . . . . . . . . . . -0.2%
Last 5 Years -23%
Last 10 Years . . . . . . . . . . . . . . . . . 24%
Last 20 Years 140%
Decline From All Time High 24.32%
Annual Home Price Appreciation Rates
1983 -19.19%
1984 -3.27%
1985 -11.09%
1986 5.50%
1987 5.30%
1988 0.95%
1989 11.35%
1990 4.02%
1991 8.41%
1992 4.15%
1993 10.07%
1994 11.24%
1995 8.02%
1996 3.62%
1997 5.38%
1998 7.36%
1999 3.55%
2000 5.85%
2001 6.51%
2002 6.80%
2003 6.43%
2004 8.80%
2005 11.77%
2006 13.08%
2007 10.84%
2008 -0.63%
2009 -6.73%
2010 -9.41%
2011 -8.59%
2012 -0.23%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.60% Rank: 172 of 381 (55th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.2% Rank: 223 of 381 (41st Percentile)
Last 5 Years -23% Rank: 304 of 381 (20th Percentile)
Last 10 Years . . . . . . . . . . . . 24% Rank: 134 of 381 (65th Percentile)
Last 20 Years 140% Rank: 12 of 368 (97th Percentile)
Decline From All Time High 24.32%
Home Price appreciation rates for Grand Junction, CO are shown above for five
time periods. For example: Grand Junction appreciated 0.60% in the Last
Quarter. At that rate, the Grand Junction Real Estate Market was ranked 172nd
out of 381 metropolitan areas for Real Estate Appreciation. Grand Junction was
in the 55th percentile. So Grand Junction, CO performed better in the Last
Quarter than 55% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Grand Junction, Colorado
The all time high in the Grand Junction Home Price Index was 255.7 in the 2nd
Quarter, of 2008. The 4th Quarter, 2012 index value was 193.5. That's a
decline of 62.17 points or 24.32% below the Grand Junction Home Price Index
all time high. The Home Price Index indicates that the Grand Junction Market is
up 24% over the last 10 years. Home Prices in the Grand Junction Real Estate
Market have lost 0.23% over the last 12 months. Over the last thirty years, it is
up 145%.
The 4th Quarter index value was 1.16 points higher than the 3rd Quarter, 2012
index value of 192.34, resulting in a 0.60% rise in the 4th Quarter for the Grand
Junction Market.
The Grand Junction Home Price Index has increased for the last 2 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Grand Junction Real Estate
Market was 17% in the twelve months ended with the 3rd Quarter of 1980. The
worst annual home appreciation rate in the Grand Junction Market was -27% in
the twelve months ended with the 2nd Quarter of 1984.
The highest home appreciation in the Grand Junction Real Estate Market over
a three year period was 53% in the three years ended with the 1st Quarter of
1983. The worst home appreciation over a three year period in the Grand
Junction Market was -42% in the three years ended with the 2nd Quarter of
1985.
This page provides a long term graph of the Grand Junction Home Price Index
(above). For information about Colorado home values, look at the links under
that chart. One link opens a forecast for home appreciation rates in the state of
Colorado. Another link opens the home price index chart for Colorado. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about Grand
Junction Home Prices will be at your fingertips when you need them.
Historical data on the Grand Junction Home Price Index is available back to the
4th Quarter, of 1979. All calculations are based on the quarterly value of the
House Price Index for the Grand Junction 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 Grand Junction 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
4th Quarter, 2012 Housing Data: Grand Junction, Colorado
The appreciation of Grand Junction 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 4th Quarter of 2012, Grand Junction Home Prices had a rank of 172,
with appreciation of 0.60%. The top performing real estate market during the
4th Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market
during that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Grand Junction Home Prices had a rank of 223, with
appreciation during the year of -0.23%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Grand Junction Home
Prices ranked 304, with a total appreciation of -23.4%. The top performing real
estate market during the 5 year period was Bismarck, ND, with appreciation of
24%. The worst market during that period was Las Vegas, NV, with appreciation
of -54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Grand Junction Home
Prices had a rank of 134, with appreciation during the decade of 24%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Grand Junction Home
Prices had a rank of 12, with total appreciation over the 20 year period of
140%. The top performing real estate market during the period was Casper,
WY, with appreciation of 210%. The worst market during the last 20 years was
Las Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Grand Junction Real
Estate Market is available back to the 4th Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Grand Junction. Real
estate appreciation figures represent total appreciation over each time period.
(Unless specifically stated, the appreciation figures do not represent annual or
quarterly rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Grand Junction, Colorado
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 89%
Forecast-Chart.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 Grand Junction housing market for the
12 months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Grand Junction is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Junction is 89% during this period. If this Housing Market
Forecast is correct, home prices will be lower in the 4th Quarter of 2013 than
they were in the 4th Quarter of 2012. Check this page each quarter for updates
to the Grand Junction Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Grand Junction housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Grand Junction is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Junction is 82% during this period. If this Housing Market
Forecast is correct, home values will be lower in the 4th Quarter of 2015 than
they were in the 4th Quarter of 2012. Check this page each quarter for updates
to the Grand Junction Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Grand Junction, Colorado
Historical Home Price Appreciation
Last Quarter 0.60%
Last Year . . . . . . . . . . . . . . . . . . . . -0.2%
Last 5 Years -23%
Last 10 Years . . . . . . . . . . . . . . . . . 24%
Last 20 Years 140%
Decline From All Time High 24.32%
Annual Home Price Appreciation Rates
1983 -19.19%
1984 -3.27%
1985 -11.09%
1986 5.50%
1987 5.30%
1988 0.95%
1989 11.35%
1990 4.02%
1991 8.41%
1992 4.15%
1993 10.07%
1994 11.24%
1995 8.02%
1996 3.62%
1997 5.38%
1998 7.36%
1999 3.55%
2000 5.85%
2001 6.51%
2002 6.80%
2003 6.43%
2004 8.80%
2005 11.77%
2006 13.08%
2007 10.84%
2008 -0.63%
2009 -6.73%
2010 -9.41%
2011 -8.59%
2012 -0.23%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.60% Rank: 172 of 381 (55th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.2% Rank: 223 of 381 (41st Percentile)
Last 5 Years -23% Rank: 304 of 381 (20th Percentile)
Last 10 Years . . . . . . . . . . . . 24% Rank: 134 of 381 (65th Percentile)
Last 20 Years 140% Rank: 12 of 368 (97th Percentile)
Decline From All Time High 24.32%
Home Price appreciation rates for Grand Junction, CO are shown above for five
time periods. For example: Grand Junction appreciated 0.60% in the Last
Quarter. At that rate, the Grand Junction Real Estate Market was ranked 172nd
out of 381 metropolitan areas for Real Estate Appreciation. Grand Junction was
in the 55th percentile. So Grand Junction, CO performed better in the Last
Quarter than 55% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Grand Junction, Colorado
The all time high in the Grand Junction Home Price Index was 255.7 in the 2nd
Quarter, of 2008. The 4th Quarter, 2012 index value was 193.5. That's a
decline of 62.17 points or 24.32% below the Grand Junction Home Price Index
all time high. The Home Price Index indicates that the Grand Junction Market is
up 24% over the last 10 years. Home Prices in the Grand Junction Real Estate
Market have lost 0.23% over the last 12 months. Over the last thirty years, it is
up 145%.
The 4th Quarter index value was 1.16 points higher than the 3rd Quarter, 2012
index value of 192.34, resulting in a 0.60% rise in the 4th Quarter for the Grand
Junction Market.
The Grand Junction Home Price Index has increased for the last 2 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Grand Junction Real Estate
Market was 17% in the twelve months ended with the 3rd Quarter of 1980. The
worst annual home appreciation rate in the Grand Junction Market was -27% in
the twelve months ended with the 2nd Quarter of 1984.
The highest home appreciation in the Grand Junction Real Estate Market over
a three year period was 53% in the three years ended with the 1st Quarter of
1983. The worst home appreciation over a three year period in the Grand
Junction Market was -42% in the three years ended with the 2nd Quarter of
1985.
This page provides a long term graph of the Grand Junction Home Price Index
(above). For information about Colorado home values, look at the links under
that chart. One link opens a forecast for home appreciation rates in the state of
Colorado. Another link opens the home price index chart for Colorado. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about Grand
Junction Home Prices will be at your fingertips when you need them.
Historical data on the Grand Junction Home Price Index is available back to the
4th Quarter, of 1979. All calculations are based on the quarterly value of the
House Price Index for the Grand Junction 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 Grand Junction 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
4th Quarter, 2012 Housing Data: Grand Junction, Colorado
The appreciation of Grand Junction 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 4th Quarter of 2012, Grand Junction Home Prices had a rank of 172,
with appreciation of 0.60%. The top performing real estate market during the
4th Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market
during that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Grand Junction Home Prices had a rank of 223, with
appreciation during the year of -0.23%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Grand Junction Home
Prices ranked 304, with a total appreciation of -23.4%. The top performing real
estate market during the 5 year period was Bismarck, ND, with appreciation of
24%. The worst market during that period was Las Vegas, NV, with appreciation
of -54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Grand Junction Home
Prices had a rank of 134, with appreciation during the decade of 24%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Grand Junction Home
Prices had a rank of 12, with total appreciation over the 20 year period of
140%. The top performing real estate market during the period was Casper,
WY, with appreciation of 210%. The worst market during the last 20 years was
Las Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Grand Junction Real
Estate Market is available back to the 4th Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Grand Junction. Real
estate appreciation figures represent total appreciation over each time period.
(Unless specifically stated, the appreciation figures do not represent annual or
quarterly rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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