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the brayreport

**Above data shows residential properties only, in Mesa County. ***Data is deemed reliable but not guaranteed. Historical sales data may change slightly as sales are input into MLSthroughout the month. Source: GJ ARA Multiple Listing Service. Revised: March 5, 2013 Bray Real Estate (970) 242-3647 1015 N. 7th St. Grand Junction, CO 81501

SOLD Residential Listings Jan 1 Feb 28, 2013

January-February 2013

Area 100-199k

200-299k

300-399k

400-499k

500-749k

Clifton (58 total) 28 3 0 0 1

Collbran/Mesa (38) 11 8 4 3 5

De Beque (6) 1 2 1 0 1

EOM/Palisade (31) 6 4 7 0 4

Fruita (94) 18 52 11 4 6

Glade Park (7) 1 1 4 1 0

Grand Junction City (96) 62 16 3 0 1

Northeast (70) 39 19 1 0 2

North (104) 24 41 16 5 13

NW/Loma/Mack (26) 2 8 4 3 4

Orchard Mesa (78) 33 31 5 0 0

Redlands (110) 5 30 30 15 16

Southeast (50) 37 4 0 1 0

West (5) 1 0 0 0 0

Totals 797 271 229 93 32 53

Whitewater/Gateway (24) 3 10 7 0 0

750k+

0

3

0

1

1

0

0

0

3

1

0

13

1

1

3

27

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Sales:

Year to date transactions are down 11% from same period one year agoA slow start from a very cold winter. Pace should pick up.

Median Sales Price:The median sales price through February was $165,000up 6% from same periodone year ago ($155,000). Notice median price of $170,000 from just Feb sales.

Sales by Price Range: 22% of all sales are under $100,000 63% of all sales are under $200,000 87% of all sales are under $300,000 41% of all sales are between $100,000 and $199,000Of note8 homes sold between 500-750k versus 3 YTD last year.

Sales by MLS Area:

16% of sales were in Redlands 14% of sales were in City 13% of sales were in Southeast11% of sales were in Fruita and Northeast 10% of sales were in Orchard Mesa

Ac tive Residential L is tings (homes) Listing Inventory is down 6% from same time one year ago (52 fewer homes) 12% of listings are under $100,000 46% of listings are under $200,000

74% of listings are under $300,000 86% of listings are under $400,000 34% of all listings are between $100,000 and $199,000

Building PermitsSingle-family building permits are up 48% year-to-date showing con tinued signs of recovery.

Interest Rates:Slight movement up from first of year 30 year loan3 .625% 15 year loan2.75%

the brayperspective

Down6%fromoneyearago Down41%fromtwoyearsagoanddown56%fromthreeyearsago

Although foreclosures may appear to be dropping in comparison to 2010, we have a long way togo. In January and February of 2013, Mesa County has logged 107 foreclosure sales,

nearly the same as a full year in 06, 07, or 08.

Runningsimilartosameperiodlastyear

Active Residential Lis tings 2010-2013

0

1000

2000

3000

2010 1809 1819 1814 1849 1883 1906 1905 1907 1673 1575 1460 1363

2011 1360 1346 1363 1387 1409 1378 1362 1248 1152 1072 998 859

2012 858 849 869 901 880 937 913 924 900 863 836 793

2013 773 797

J F M A M J J A S O N D

Average M onths of Inventory

0

10

20

30

2010 20 16 14 11 11 14 14 17 10 13 11 10

2011 12 10 8 7 8 5 7 6 6 6 7 5

2012 5 5 5 4 4 4 4 4 4 4 4 5

2013 5 6

J F M A M J J A S O N D