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Grand Junction, CO - House Price Index (HPI) - 29 Year Chart
Grand Junction Real Estate Market
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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, April 20, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided 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
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Commentary  10195
4th Quarter, 2011 Housing Statistics: Grand Junction, Colorado


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      90%

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 2012 is DOWN. The Accuracy of the
Trend Forecast for Grand Junction is 90%. In other words, when tested against
historical data, the forecasting methodology was correct 90% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Junction is 90% during this period. If this Housing Market
Forecast is correct, home prices will be lower in the 4th Quarter of 2012 than
they were in the 4th Quarter of 2011. 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 2014 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 prices will be lower in the 4th Quarter of 2014 than
they were in the 4th Quarter of 2011. Check this page each quarter for updates
to the Grand Junction Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Grand Junction, Colorado


Historical Home Price Appreciation
Last Quarter                                     1.88%
Last Year . . . . . . . . . . . . . . . . . . . .  -9.1%
Last 5 Years                                     -14%
Last 10 Years . . . . . . . . . . . . . . . . . 33%
Last 20 Years                                   151%
Decline From All Time High               24.02%


Annual Home Price Appreciation Rates
1982      14.66%
1983      -19.28%
1984      -3.18%
1985      -11.09%
1986      5.46%
1987      5.33%
1988      1.04%
1989      12.26%
1990      3.08%
1991      8.60%
1992      3.81%
1993      10.20%
1994      11.25%
1995      8.01%
1996      3.36%
1997      5.61%
1998      7.41%
1999      3.27%
2000      6.17%
2001      6.58%
2002      6.70%
2003      6.48%
2004      8.70%
2005      11.93%
2006      12.83%
2007      11.07%
2008      -0.63%
2009      -6.28%
2010      -9.02%
2011      -9.15%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.88%         Rank: 41 of 381 (89th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -9.1%          Rank: 370 of 381 (2nd Percentile)
Last 5 Years                              -14%           Rank: 254 of 381 (33rd Percentile)
Last 10 Years  . . . . . . . . . . . .   33%            Rank: 119 of 381 (68th Percentile)
Last 20 Years                            151%          Rank: 11 of 355 (97th Percentile)
Decline From All Time High        24.02%

Home Price appreciation rates for Grand Junction, CO are shown above for five
time periods. For example: Grand Junction appreciated 1.88% in the Last
Quarter. At that rate, the Grand Junction Real Estate Market was ranked 41st
out of 381 metropolitan areas for Real Estate Appreciation. Grand Junction was
in the 89th percentile. So Grand Junction, CO performed better in the Last
Quarter than 89% of the 381 metropolitan areas covered in
Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Grand Junction, Colorado

The all time high in the Grand Junction Home Price Index was 257.1 in the 2nd
Quarter, of 2008. The 4th Quarter, 2011 index value was 195.4. That's a
decline of 61.75 points or 24.02% below the Grand Junction Home Price Index
all time high.  The Home Price Index indicates that the Grand Junction Market is
up 33% over the last 10 years. Home Prices in the Grand Junction Real Estate
Market have lost 9.15% over the last 12 months. Over the last thirty years, it is
up 182%.

The 4th Quarter index value was 3.60 points higher than the 3rd Quarter, 2011
index value of 191.78, resulting in a 1.88% rise in the 4th Quarter for the Grand
Junction Market.

The Grand Junction Home Price Index increased in the last quarter after falling
in the previous 3 quarters. The current record holders for consecutive
increases in the Home Price Index are Wheeling, WV; Washington, DC; St.
Cloud, MN and Grand Forks, ND, with increases in the last 3 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 20 consecutive quarters.

The highest annual home appreciation rate in the Grand Junction Real Estate
Market was 16% in the twelve months ended with the 1st Quarter of 2007. 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 54% 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). The house price chart has been updated through the 4th Quarter of
2011. For more information about Grand Junction Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Grand Junction Real Estate Market. Another opens a forecast for
appreciation rates in the state of 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, 2011 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 2011, Grand Junction Home Prices had a rank of 41,
with appreciation of 1.88%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Grand Junction Home Prices had a rank of 370, with
appreciation during the year of -9.15%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Grand Junction Home
Prices ranked 254, with a total appreciation of -14.5%. The top performing real
estate market during the 5 year period was Midland, TX, with appreciation of
23%. The worst market during that period was Merced, CA, with appreciation of
-62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Grand Junction Home
Prices had a rank of 119, with appreciation during the decade of 33%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Grand Junction Home
Prices had a rank of 11, with total appreciation over the 20 year period of
151%. The top performing real estate market during the period was Casper,
WY, with appreciation of 222%. The worst market during the last 20 years was
Las Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

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.)




























































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