With values expected to increase more than 7 percent over the next 12 months, the Fort Collins-Loveland and Greeley real estate markets are both expected to rank among the top 25 for home appreciation.
In its latest market forecast, Veros Real Estate Solutions predicts the Fort Collins-Loveland area will experience an average appreciation of 7.5 percent between March 1, 2015, and March 1, 2016. In the same period, Greeley homes will increase 7.3 percent. Fort Collins-Loveland ties Coeur D’Alene, Idaho, for 15th in the Veros rankings, and Greeley is 19th.
With a projection of 9.3 percent for the Denver- Aurora-Broomfield area, and 8.4 percent for the Boulder area, Colorado’s Front Range represents four of the top 19 markets, Veros said. Nationally, the average appreciation projected for the 333 markets surveyed by Veros is 3.2 percent.
The Veros prediction comes in the wake of very strong appreciation along the Front Range in recent months. CoreLogic reported that Colorado prices increased 9.1 percent between January 2014 and January 2015, which led the nation over that time period. Locally, average home prices in Greeley increased 10.24 percent in 2014, while Fort Collins prices increased 7.53 percent, according to the FHFA Home Price Index..