“The hot housing markets along the West Coast are growing quicker than owners realize, giving way to higher than expected prices for buyers and more home equity for existing owners. On the other hand, the housing markets are more balanced in the East and Midwest, leading owners to be slightly overenthusiastic about their home’s appreciation.”
“In May, Denver appraisals showed home values there averaged 3.28% higher than what home owners thought their home was worth.”
Source: Bob Walters, Quicken Loans Chief Economist.
See the 27 city table of home values at: http://realtormag.org/daily-news/2016/06/15western-home-values-higher-owners-realize.