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Greeley, CO - House Price Index (HPI) - 23 Year Chart
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Greeley Real Estate Market
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The House Price Index (HPI) shows changes in Greeley, 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.
Greeley Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 10198
4th Quarter, 2011 Housing Statistics: Greeley, Colorado
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 82%
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 Greeley housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Greeley 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 Greeley is 82% 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
Greeley Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 75%
The forecast for the trend in the Greeley housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Greeley is 75%. In other words, when tested against historical data, the
forecasting methodology was correct 75% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Greeley is 75% 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 Greeley Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Greeley, Colorado
Historical Home Price Appreciation
Last Quarter 1.10%
Last Year . . . . . . . . . . . . . . . . . . . . -1.7%
Last 5 Years -13%
Last 10 Years . . . . . . . . . . . . . . . . . -3%
Last 20 Years 111%
Decline From All Time High 14.30%
Annual Home Price Appreciation Rates
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 2.86%
1987 2.47%
1988 -7.68%
1989 -0.91%
1990 7.05%
1991 3.87%
1992 7.74%
1993 11.92%
1994 12.78%
1995 8.49%
1996 5.20%
1997 6.18%
1998 5.18%
1999 5.24%
2000 8.73%
2001 9.49%
2002 5.14%
2003 1.60%
2004 3.48%
2005 1.16%
2006 -0.15%
2007 -3.99%
2008 -6.71%
2009 -1.70%
2010 0.57%
2011 -1.70%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.10% Rank: 85 of 381 (77th Percentile)
Last Year . . . . . . . . . . . . . . . . -1.7% Rank: 144 of 381 (62nd Percentile)
Last 5 Years -13% Rank: 242 of 381 (36th Percentile)
Last 10 Years . . . . . . . . . . . . -3% Rank: 359 of 381 (5th Percentile)
Last 20 Years 111% Rank: 71 of 355 (80th Percentile)
Decline From All Time High 14.30%
Home Price appreciation rates for Greeley, CO are shown above for five time
periods. For example: Greeley appreciated 1.10% in the Last Quarter. At that
rate, the Greeley Real Estate Market was ranked 85th out of 381 metropolitan
areas for Real Estate Appreciation. Greeley was in the 77th percentile. So
Greeley, CO performed better in the Last Quarter than 77% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Greeley, Colorado
The all time high in the Greeley Home Price Index was 179.9 in the 3rd Quarter,
of 2005. The 4th Quarter, 2011 index value was 154.1. That's a decline of
25.72 points or 14.30% below the Greeley Home Price Index all time high. The
Home Price Index indicates that the Greeley Market is down 3% over the last 10
years. Home Prices in the Greeley Real Estate Market have lost 1.70% over the
last 12 months.
The 4th Quarter index value was 1.68 points higher than the 3rd Quarter, 2011
index value of 152.46, resulting in a 1.10% rise in the 4th Quarter for the
Greeley Market.
The Greeley Home Price Index increased in the last quarter after falling in the
previous quarter. 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 Greeley Real Estate Market
was 14% in the twelve months ended with the 1st Quarter of 1994. The worst
annual home appreciation rate in the Greeley Market was -8% in the twelve
months ended with the 4th Quarter of 1988.
The highest home appreciation in the Greeley Real Estate Market over a three
year period was 38% in the three years ended with the 1st Quarter of 1996.
The worst home appreciation over a three year period in the Greeley Market
was -12% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Greeley Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Greeley Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Greeley
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 Greeley Home Prices will be at your fingertips when you need
them.
Historical data on the Greeley Home Price Index is available back to the 3rd
Quarter, of 1985. All calculations are based on the quarterly value of the House
Price Index for the Greeley 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 Greeley 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: Greeley, Colorado
The appreciation of Greeley 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, Greeley Home Prices had a rank of 85, with
appreciation of 1.10%. 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, Greeley Home Prices had a rank of 144, with
appreciation during the year of -1.70%. 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, Greeley Home Prices
ranked 242, with a total appreciation of -12.9%. 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, Greeley Home Prices
had a rank of 359, with appreciation during the decade of -3%. 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, Greeley Home Prices
had a rank of 71, with total appreciation over the 20 year period of 111%. 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 Greeley Real Estate
Market is available back to the 3rd Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Greeley. 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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