Over the past 10 years, homeowners in Boulder, CO saw equity gains averaging $107 a day, and other mid-sized metros like Naples, Fla. saw even greater gains with an average $117 home price increase a day, The Denver Post reports. Boulder home prices rose from $353,100 to $782,700 in the last 10 years, a gain of 121%, and it’s not the only Colorado metro to see equity increases beyond 100%.
Metro Denver ranked 10th among the U.S. metros with the most significant equity gains, posting an average daily increase in home prices of $94 as well as a home price increase from $231,400 to $607,100, totaling 162.4% in the last decade.
In-demand markets that started with high home prices had the biggest average daily gains. The four were all California metros — San Jose, San Francisco, Anaheim and Los Angeles — where average daily gains ran from $266 to $123. But some high-priced markets in 2011 fell behind, including New York, New Jersey and Connecticut.
“Even currently, Colorado is a seller’s market, with demand far exceeding supply, and this is the main reason why prices have been going up at such a dizzying pace,” [Andra] Hopulele said.
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