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I purchased my first home in October of 1995 in an older neighborhood of small homes (700-1500 sq. ft.). The home I bought was 1200 sq. ft. and was in decent shape, but needed a lot of TLC to make it nice. I paid $94.5k for the house. That same house today has an estimated value, according to Zillow, of $415k. This is what the market has been like in Colorado over the past 26 years I've lived here with the exception of the recession. That happened right after we bought our current home, and has been the only time I've seen values decrease in this area.
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