MONTHLY STAT PACK Data through June 30, 2012

QUARTERLY RESIDENTIAL REVIEW

Welcome to the ERA Shields Stat Pack. The intention for providing this information to you is to educate you on the current local real estate market so you can better make decisions for you and your family. Real estate markets vary from city to city as well as neighborhood to neighborhood. When the national media reports on how the real estate market is doing, it is reporting on national numbers and it is likely very different from how your neighborhood is performing. You will find factual data within The Stat Pack from which you may draw your own conclusions. On the last page you will find a brief summary.

QUICK FACTS ABOUT 2ND QUARTER ⇒ The number of Active Listings is down 22% from 2011 (3707 vs 4761) ⇒ The number of Sales for the quarter were up 4.3% from 2011 (2555 vs 2449) ⇒ The Inventory Level for the 2nd quarter is down from 5.5 months to 4.4 months ⇒ The Average Sales Price for the quarter is up 8.5% while Median Sales Price is up 10.5% ⇒ 65% of sales in the last 3 months were under $250K ⇒ Foreclosure starts are down just 1.4% compared to 2011

This graph compares the number of homes on the market to the number of sales  and determines how many months it would take to sell through the current listing inventory. Most economists consider 6.0 months to be a balanced 

market. 

The data found within the ERA Shields Real Estate Stat Pack is based on information from the Pikes Peak REALTOR® Services Corporation (RSC) or its PPMLS. This content is deemed reli-able; however RSC, PPMLS and ERA Shields Real Estate do not guarantee its accuracy. Data maintained by RSC does not reflect all real estate activity in the market. Additional sources include the Colorado Springs EDC, El Paso County Assessor, El Paso County Trustee, Colorado Springs HBA, PPAR, The Gazette, The CSBJ and NAR.

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PRICING TOOLS Determine how your neighborhood is performing

3-Month Area Comparisons for Single Family & Patio Homes This chart is ideal for helping you determine how your neighborhood is doing. If you are considering

selling your home, this information is just one tool you can reference to assist you with pricing your home strategically. Call me if you need assistance utilizing this graph.

*Inventory = The number of months it would take to sell through the current active listings at the current sales rate if no other homes came on the market.

**DOM = Days on Market for the homes which actually sold.

For April 1, 2012 - June 30, 2012 Area Listings Solds DOM Inventory Avg List $ Avg Sales $

Black Forest 133 57 109 7.0 $ 620,070 $ 360,336

Briargate 204 191 85 3.2 $ 345,586 $ 282,766

Calhan 33 8 82 12.4 $ 183,506 $ 84,500

Central 218 168 71 3.9 $ 228,045 $ 178,799

Drennan 13 6 112 6.5 $ 148,181 $ 52,367

East 130 157 73 2.5 $ 209,229 $ 171,383 Ellicott 41 15 126 8.2 $ 246,517 $ 193,001 Falcon 53 22 104 7.2 $ 249,171 $ 182,013

Falcon North 154 118 88 3.9 $ 283,704 $ 241,165 Fountain Valley 351 302 68 3.5 $ 201,881 $ 175,616

Manitou 34 18 120 5.7 $ 462,103 $ 259,233

Marksheffel 35 27 58 3.9 $ 244,909 $ 213,445

Midway 14 3 232 14.0 $ 251,750 $ 188,667

Northeast 222 221 72 3.0 $ 278,227 $ 211,350

Northgate 140 116 77 3.6 $ 457,599 $ 373,724

Northwest 129 101 83 3.8 $ 407,878 $ 331,137 Old Colorado

City 52 46 87 3.4 $ 215,656 $ 154,827

Peyton 31 14 168 6.6 $ 407,800 $ 235,571

Powers 231 263 65 2.6 $ 232,052 $ 203,120

Rock Creek 6 2 19 9.0 $ 723,150 $ 334,000

Southeast 114 135 67 2.5 $ 145,033 $ 129,447

Southwest 268 137 105 5.9 $ 664,070 $ 348,520

Tri Lakes 265 127 92 6.3 $ 507,103 $ 397,292

Ute Pass 34 12 67 8.5 $ 497,112 $ 206,908

West 60 44 89 4.1 $ 408,257 $ 258,478

Divide 77 41 104 5.6 $ 394,935 $ 191,271

Woodland Park 107 47 113 6.8 $ 412,668 $ 280,927

PRICING TOOLS Determine how your neighborhood is performing

3-Month Price Range Comparisons for Single Family & Patio Homes This chart is ideal for helping you determine how your neighborhood is doing. If you are considering selling your home, this information is just one tool you can reference to assist you with pricing your

home strategically. If you have questions on how to properly use this data, call me.

List Price  Active Listings  Solds  Days on Market  Inventory 

   Supply  Demand  Days to Sell  Months 

Under $75,000  82  51  111  4.8 

$75,000 to $99,999  188  89  98  6.3 

$100,000 to $124,999  208  134  96  4.7 

$125,000 to $149,999  378  234  108  4.8 

$150,000 to $174,999  430  246  88  5.2 

$175,000 to $199,999  510  292  82  5.2 

$200,000 to $224,999  329  209  94  4.7 

$225,000 to $249,999  432  215  110  6.0 

$250,000 to $274,999  278  150  111  5.6 

$275,000 to $299,999  295  129  108  6.9 

$300,000 to $324,999  168  98  102  5.1 

$325,000 to $349,999  199  109  126  5.5 

$350,000 to $374,999  146  62  129  7.1 

$375,000 to $399,999  179  74  130  7.3 

$400,000 to $424,999  63  35  150  5.4 

$425,000 to $449,999  110  34  130  9.7 

$450,000 to $474,999  54  13  97  12.5 

$475,000 to $499,999  80  32  154  7.5 

$500,000 to $549,999  96  32  118  9.0 

$550,000 to $599,999  106  20  193  15.9 

$600,000 to $649,999  50  11  107  13.6 

$650,000 to $699,999  59  15  139  11.8 

$700,000 to $749,999  31  6  132  15.5 

$750,000 to $799,999  50  5  86  30.0 

$800,000 to $849,999  16  2  158  24.0 

$850,000 to $899,999  23  4  414  17.3 

$900,000 to $949,999  4  2  200  6.0 

$950,000 to $999,999  15  1  170  45.0 

$1 mil to $1.50 mil  54  5  270  32.4 

$1.5 mil to $2.0 mil  28  0  n/a  n/a 

$2.0 mil & above  12  2  467  18.0 

ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

This graph shows the total number of Solds for the past 3 months. Comparing  3‐months of data over the past 10 years helps determine what trends are occurring. 

Active Listings at the end of the month when compared to the same period the previous 10 years shows remarkable improvement. 

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ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

The Average & Median Sales Prices for the same month over the past 10 years. The “bubble” is rather noticeable in 2004‐2009.  10 years of data helps you better 

gauge the current health of the local real estate market. 

Another indicator of the health of the overall real estate market is foreclosure starts .  The number for 2012 is a forecasted number based on the current pace for the year.  

The number of starts continues to improve but remains high. 

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Foreclosure Starts Forecast

2nd Quarter 2012 Summary

With the end of the 2nd Quarter we continue to see mostly good signs in the local numbers re-garding residential real estate and we expect the 2nd half of the year to continue on this trend. Additionally, we are seeing a new trend in the market which if it continues will have lasting ef-fects on the entire economy. Of great importance and a strong indicator as to where the market is going, the inventory levels remain very low. To determine the inventory rate you take the total numbers of homes on the market and divide it by the numbers of homes which sold. The reason this is something we pay close attention to is because; 1. It forecasts the future – These homes have not sold yet, but if they are priced well and in

good condition they likely will sell within the next 90 days. 2. It helps us measure supply & demand. Generally 6.0 months of inventory within a market is

considered balanced. Lower demand = higher prices and vice-versa. 3. It allows us to see how many buyers are in the market. 4. A few observations about our inventory levels shows that the number of homes on the market is very low (low supply), while the number of buyers (demand) is average at best and has been so for the past 5 years. Although the number of buyers has remained level for the past few years, all the buyers in 2012 are buyers who were not induced to buy from government incentives, very different from 2009, 2010 and a few in 2011. The other remarkable number thus far in 2012 is the increase in home values. Although there have not been more sales, the low inventory paired with buyers in higher prices ranges has really impacted this in a positive way. One new trend we are seeing is more buyers are now buying newly constructed homes while the number of buyers buying resale homes has dipped slightly in the past 2 months. For the overall health of our local economy this is good news as new homes drive more jobs and more money into the local government. But as a seller you need to take notice and determine what can you do to better compete with the homebuilders. The only hesitation we have currently is the number associated with foreclosures. Foreclosures are slightly down from 2011 which were dramatically better than 2010 & 2009, however we are still on pace to have nearly 3500 foreclosure starts this year. We feel that number needs to be closer to 2500 or below.