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CoreLogic Report: Charlottesville Homes Gaining Value

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It looks like homes across Charlottesville are gaining value, at least according to new data from reporting group CoreLogic.

Prices are up by 2.3 percent in June of this year compared to last year.  National home prices are also up this year over last year by approximately 2.5 percent in June.


Press Release from CoreLogic

Home Prices in Charlottesville Increase

Homes across Charlottesville are gaining value. This - according to new data released today by CoreLogic.

The data shows home prices in Charlottesville rose by 2.3 percent in June of this year compared to this same time last year. (full screen with full data recommended here)

CoreLogic reports that national home prices increased on a year-over-year basis by 2.5 percent in June. On a month-over-month basis, home prices also increased by 1.3 percent in June 2012 compared to May 2012. CoreLogic data indicates that national home prices will rise by at least 2.0 percent in July 2012 compared to July of last year.  

Highlights as of June 2012:

  • Including distressed sales, the five states with the highest appreciation were: Arizona (+13.8 percent), Idaho (10.4 percent), South Dakota (+10.1 percent), Utah (+8.3 percent) and Wyoming (+7.7 percent).
  • Including distressed sales, the five states with the greatest depreciation were: Alabama (-4.8 percent), Connecticut (-4.0 percent), Illinois (-3.4 percent), Georgia (-2.9 percent) and Delaware (-2.8 percent).
  • Excluding distressed sales, the five states with the highest appreciation were: South Dakota (+10.2 percent), Utah (+9.1 percent), Montana (+8.7 percent), Arizona (+8.7 percent) and Wyoming (+6.9 percent).
  • Excluding distressed sales, the five states with the greatest depreciation were: Delaware (-3.6 percent), Alabama (-3.1 percent), Connecticut (-2.1 percent), New Jersey (-0.9 percent) and Kentucky (-0.4 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to June 2012) was -28.8 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.3 percent.
  • The five states with the largest peak-to-current declines including distressed transactions are Nevada (-57.1 percent), Florida (-45.3 percent), Arizona (-44.1 percent), California (-39.2 percent) and Michigan (-39.0 percent).
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 27 are showing year-over-year declines in June, five fewer than in May.