MONTHLY STAT PACK

Data through March 31, 2013

QUARTERLY

RESIDENTIAL REVIEW

Welcome to the ERA Shields Stat Pack. The intention for providing this infor-

mation 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 num-

bers 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 1ST QUARTER

⇒ The number of Active Listings for the quarter were down 6.5%

⇒ The number of Sales for the quarter were up 507 units (over 30% increase)

⇒ Single Family Building Permits are up 260 units (61% increase)

⇒ The Average Inventory Level over the 1st Quarter is down to 3.5 months

⇒ The Average Sales Price and Median Sales Price both jumped 10% & 12%

⇒ 67% of sales in this quarter were under $250K compared to 73% in 2012

⇒ Foreclosure starts are down 280 units (34%) in 2013

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 reliable; 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.

This graph compares the

number of homes on the

market to the number of

sales over the past 3

months for El Paso County

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.

QUARTERLY 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 January 1, 2013 - March 31, 2013

Area Listings Solds DOM Inventory Avg List $ Avg Sales $

Black Forest 111 32 100 10.4 $577,648 $350,777

Briargate 182 162 79 3.4 $372,802 $303,866

Calhan 16 9 153 5.3 $232,413 $167,284

Central 154 157 84 2.9 $224,217 $174,131

Drennan 15 8 86 5.6 $139,587 $104,694

East 130 129 66 3.0 $224,977 $167,817

Ellicott 27 23 95 3.5 $196,639 $136,526

Falcon 35 23 85 4.6 $255,604 $159,933

Falcon North 162 119 87 4.1 $304,196 $247,783

Fountain Valley 338 318 68 3.2 $218,454 $186,282

Manitou 28 13 71 6.5 $354,828 $246,338

Marksheffel 68 34 89 6.0 $274,382 $227,606

Midway 6 3 95 6.0 $468,400 $117,967

Northeast 138 145 83 2.9 $279,150 $233,537

Northgate 96 68 70 4.2 $457,434 $365,916

Northwest 88 68 86 3.9 $467,106 $313,595

Old Colorado City

47 48 64 2.9 $249,190 $188,781

Peyton 31 13 132 7.2 $445,856 $310,308

Powers 203 216 65 2.8 $238,553 $208,625

Rock Creek 7 0 n/a n/a $720,271 n/a

Southeast 122 133 72 2.8 $152,339 $127,120

Southwest 210 101 86 6.2 $674,146 $304,247

Tri Lakes 199 95 97 6.3 $496,744 $382,433

Ute Pass 37 9 66 12.3 $418,724 $350,233

West 51 42 93 3.6 $483,965 $275,897

Divide 57 25 139 6.8 $463,935 $234,604

Woodland Park 79 49 96 4.8 $406,054 $285,746

QUARTERLY PRICING TOOLS

Determine how your price range 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 Ac�ve Lis�ngs Solds Days on Market Inventory

Supply Demand Days to Sell Months

Under $75,000 84 50 91 5.0

$75,000 to $99,999 135 91 79 4.5

$100,000 to $124,999 189 108 104 5.3

$125,000 to $149,999 340 170 110 6.0

$150,000 to $174,999 343 247 98 4.2

$175,000 to $199,999 385 233 101 5.0

$200,000 to $224,999 280 191 87 4.4

$225,000 to $249,999 309 193 100 4.8

$250,000 to $274,999 219 129 103 5.1

$275,000 to $299,999 189 114 118 5.0

$300,000 to $324,999 118 69 109 5.1

$325,000 to $349,999 154 81 129 5.7

$350,000 to $374,999 92 55 105 5.0

$375,000 to $399,999 134 49 116 8.2

$400,000 to $424,999 65 29 103 6.7

$425,000 to $449,999 78 31 130 7.5

$450,000 to $474,999 47 20 152 7.1

$475,000 to $499,999 64 27 141 7.1

$500,000 to $549,999 61 14 101 13.1

$550,000 to $599,999 50 24 155 6.3

$600,000 to $649,999 38 9 152 12.7

$650,000 to $699,999 35 15 222 7.0

$700,000 to $749,999 18 3 145 18.0

$750,000 to $799,999 27 5 148 16.2

$800,000 to $849,999 8 4 304 6.0

$850,000 to $899,999 22 2 350 33.0

$900,000 to $949,999 5 0 n/a n/a

$950,000 to $999,999 10 1 112 30.0

$1 mil to $1.50 mil 50 6 109 25.0

$1.5 mil to $2.0 mil 15 1 126 45.0

$2.0 mil & above 9 0 n/a n/a

3-MONTHS OF DATA

COMPARING DATA OVER THE PAST 10 YEARS

Active Listings at the end of the month when compared to the same

month the previous 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.

3-Months of Solds

Active Listings

3-MONTHS OF DATA

COMPARING DATA OVER THE PAST 10 YEARS

The Average & Median Sales Prices for the same month over the past 10 years.

The price range your home is within, dictates your odds of selling.

Generally the lower your price, the more potential buyers.

1st Quarter Review 2013

With the 1st Quarter of 2013 in the books, homeowners and sellers likely have a new found smile on their faces. The market in every category important to homeowners is seeing strong improvement; prices up over 10%, number of sales are up 30%, foreclosure starts down 34% and we are even seeing movement in the higher price ranges finally. Buyers on the other hand are often wondering what happened as there are so few homes on the market (lowest level in over 10 years) and if they hesitate on making an offer, often times the home sells. Multiple offers in the lower price ranges as well as on homes in mint condition and priced properly have become common. Additionally, buyers are finding it harder to get sellers to pay their closing costs and the days of buyers “raking sellers over the coals” over inspection items are becoming fewer and fewer. Despite the rise in home prices, values are still incredible as home prices are not at the heights of 2007 and mortgage rates are at least 2% lower. If you are considering buying or selling, call me so I can make sure you better understand the current real estate market.