10 year real estate performance in Denver area
There was a study done by the Colorado Association of Realtors lately that said that Denver real estate values increased 7.1% between 1999 and 2009. That's 7.1% TOTAL. Clearly that's not the case, so here are the facts…
Your Castle Real Estate analysis found that the average price for a home in Denver metro grew from $187,000 (1999) to $265,000 (2009). That’s an average of 3.5% PER YEAR, a total of 35%. Different studies have come up with different figures (45%, 52%) depending on the methodology and data used, but the fact is that it's not 7%, or anything close to that.
Apparently, the research group is standing by its findings.
For the full story, check out Rebchook's article.
And the follow up article.