vail valley market report

www.TeamBlackBear.com [email protected] 970.337.7777

Vail Valley / Eagle County

Market Repor t

Sept em ber 2014 - YTD

http://www.teamblackbear.com/

../../../../[email protected]

September 2014 Monthly Snapshot

One-Year Change in One-Year Change in

Closed Sales All Properties

Active ListingsAll Properties

2

Monthly Indicators

+ 12.3% - 19.2% - 27.5%One-Year Change inMarkets across the nation seem to be back on the recovery track after a brief

pause. One of the more encouraging aspects of this renewed recovery is that new construction of single-family homes reached six-year highs in August, according to the U.S. Commerce Department. Consumers are also finding more listings in their search results than they have in years. Inventory is rising in many neighborhoods as higher prices have motivated more sellers to list.

New Listings were down 8.8 percent for single family/duplex homes but increased 12 5 percent for townhouse-condo properties Pending Sales

Median Sales PriceAll Properties

Residential real estate activity in Vail Board of REALTORS® MLS, comprised of single-family properties, townhomes and condominiums.. Percent changes are calculated using rounded figures.

Single Family/Duplex Activity Overview 23456789

10111213141516

Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexInventory of Active ListingsMonths Supply of InventoryAll Properties Activity Overview

New ListingsPending SalesClosed SalesMedian Sales PriceAverage Sales PricePercent of List Price Received

Glossary of Terms

increased 12.5 percent for townhouse-condo properties. Pending Sales increased 13.2 percent for single family/duplex homes and 12.1 percent for townhouse-condo properties.

The Median Sales Price was down 1.0 percent to $772,000 for single family/duplex homes and 8.7 percent to $377,500 for townhouse-condo properties. Months Supply of Inventory increased 2.8 percent for single family/duplex units but decreased 30.7 percent for townhouse-condo units.

The departure of investors from the scene should benefit first-time homebuyers, but student debt and sluggish wage growth have slowed that transition. The economy is growing, but it's growing at a slower pace than desired. Thankfully, inflation remains tame, partly enabling the Federal Reserve to keep rates low for longer, contrary to the forecasts of most economists.

Single Family/Duplex Activity Overview

Closed Sales and Inventory by Price Range

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Single Family/Duplex Activity Overview

Key Metrics Historical Sparkbars 9-2013 9-2014 Percent Change YTD 2013 YTD 2014 Percent Change

A S l P i $ $ $ $

- 10.0%

Median Sales Price $780,000 $772,000 - 1.0% $571,125 $603,750 + 5.7%

Closed Sales 54 54 0.0% 411 370

696 - 5.2%

Pending Sales 53 60 + 13.2% 443 419 - 5.4%

734

Key metrics for Single Family properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 57 52 - 8.8%

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

`

Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

--

Months Supply 10.9 11.2 + 2.8% -- -- --

Active Listings 543 479 - 11.8% -- --

- 0.6%

Affordability Index 43 44 + 2.3% 58 56 - 3.4%

Days on Market 257 190 - 26.1% 165 164

+ 32.4%

Pct. of List Price Received 95.1% 94.0% - 1.2% 95.6% 95.4% - 0.2%

Avg. Sales Price $1,396,172 $1,640,748 + 17.5% $967,784 $1,281,384

9 2011 9 2012 9 2013 9 2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

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Townhouse-Condo Activity Overview


Key metrics for Townhouse-Condo properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 48 54 + 12.5% 652 + 3.3%

Pending Sales 66 74 + 12.1% 446 523 + 17.3%

631

Closed Sales 60 74 + 23.3% 398 450 + 13.1%

+ 16.2%

$

Median Sales Price $413,500 $377,500 - 8.7% $414,000 $481,250

A S l P i $ $ $

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

$957,811 + 22.1%Avg. Sales Price $866,646 $772,149 - 10.9% $784,288

+ 0.6%

Days on Market 185 168 - 9.2% 207 190 - 8.2%

Pct. of List Price Received 94.3% 96.2% + 2.0% 94.8% 95.4%

- 12.3%

Active Listings 541 397 - 26.6% -- -- --

Affordability Index 81 90 + 11.1% 81 71

--


Months Supply 11.4 7.9 - 30.7% -- --

9 2011 9 2012 9 2013 9 2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

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New Listings

New ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 62 +29.2% 53 -10.2%

Nov-2013 40 -24.5% 49 -21.0%

Dec-2013 33 -37.7% 66 0.0%

Jan-2014 57 +7.5% 53 -3.6%

Feb-2014 35 -48.5% 55 0.0%

Mar-2014 67 +17.5% 74 +17.5%

Apr-2014 77 +16.7% 72 +53.2%

May-2014 99 +12.5% 91 +24.7%

Jun-2014 141 -4.1% 112 -3.4%

Jul-2014 89 -29.4% 89 -6.3%

Aug-2014 79 +9.7% 52 -34.2%

Sep-2014 52 -8.8% 54 +12.5%

12-Month Avg 69 -6.4% 68 +0.2%

A count of the properties that have been newly listed on the market in a given month.

47

5657

4852

54

September

708659

734

631

696652

Year to Date

2012 2013 2014

+ 12 5%- 14 3%8 8%+ 21 3% 4 2%5 2%+ 3 7% + 3 3%

2012 2013 2014 2012 2013 2014 2012 2013 2014

14 5% + 0 7% + 1 2%- 5 1%12 Month Avg 69 6.4% 68 +0.2%

Historical New Listings by Month


Single Family/Duplex Townhouse-Condo

25

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 12.5%- 14.3%- 8.8%+ 21.3% - 4.2%- 5.2%+ 3.7% + 3.3%

2012 2013 2014 2012 2013 2014 2012 2013 2014

- 14.5% + 0.7% + 1.2%- 5.1%

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Pending Sales

Pending SalesSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 37 -42.2% 45 -23.7%

Nov-2013 38 -2.6% 30 -11.8%

Dec-2013 22 -26.7% 30 -16.7%

Jan-2014 38 -7.3% 49 +19.5%

Feb-2014 37 -9.8% 47 +34.3%

Mar-2014 49 -22.2% 50 +4.2%

Apr-2014 42 -16.0% 70 +79.5%

May-2014 36 +20.0% 35 -32.7%

Jun-2014 43 -10.4% 40 +14.3%

Jul-2014 59 +22.9% 71 +7.6%

Aug-2014 55 -20.3% 87 +35.9%

Sep-2014 60 +13.2% 74 +12.1%

12-Month Avg 43 -10.4% 52 +9.2%

A count of the properties on which offers have been accepted in a given month.

59

4853

6660

74

September

468 462443 446

419

523

Year to Date

2012 2013 2014

+ 12 1%+ 37 5%+ 13 2%10 2% 3 5%5 4%5 3% + 17 3%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 40 5% + 44 0% + 28 0%+ 9 1%12 Month Avg 43 10.4% 52 +9.2%

Historical Pending Sales by Month



0

20

40

60

80

100

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 12.1%+ 37.5%+ 13.2%- 10.2% - 3.5%- 5.4%- 5.3% + 17.3%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 40.5% + 44.0% + 28.0%+ 9.1%

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Closed Sales

Closed SalesSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 57 -16.2% 72 -1.4%

Nov-2013 42 -31.1% 42 -10.6%

Dec-2013 45 -21.1% 39 -20.4%

Jan-2014 25 +8.7% 30 -3.2%

Feb-2014 30 -16.7% 33 +3.1%

Mar-2014 28 -24.3% 51 +45.7%

Apr-2014 47 -11.3% 51 +21.4%

May-2014 45 -22.4% 59 +15.7%

Jun-2014 46 +9.5% 44 +10.0%

Jul-2014 44 -8.3% 49 +16.7%

Aug-2014 51 -15.0% 59 -9.2%

Sep-2014 54 0.0% 74 +23.3%

12-Month Avg 43 -13.9% 50 +6.3%

A count of the actual sales that closed in a given month.

7369

5460

54

74

September

403423411 398

370

450

Year to Date

2012 2013 2014

+ 23 3%- 13 0%0 0%26 0% 5 9%10 0%+ 2 0% + 13 1%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 55 3% + 42 4% + 19 5%+ 56 8%12 Month Avg 43 13.9% 50 +6.3%

Historical Closed Sales by Month



0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 23.3%- 13.0%0.0%- 26.0% - 5.9%- 10.0%+ 2.0% + 13.1%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 55.3% + 42.4% + 19.5%+ 56.8%

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Median Sales Price

Median Sales PriceSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 $710,000 +37.2% $450,000 +30.4%

Nov-2013 $722,000 +31.3% $435,000 +22.5%

Dec-2013 $595,000 -6.3% $425,300 -6.5%

Jan-2014 $545,000 +75.8% $817,500 +107.0%

Feb-2014 $873,750 +18.6% $875,000 +127.9%

Mar-2014 $761,000 +24.2% $585,000 +14.3%

Apr-2014 $744,000 +31.7% $755,000 +11.9%

May-2014 $585,000 +1.4% $500,000 +51.5%

Jun-2014 $535,500 +16.7% $366,250 +16.9%

Jul-2014 $557,500 +3.4% $427,000 +2.6%

Aug-2014 $455,000 -0.1% $450,000 0.0%

Sep-2014 $772,000 -1.0% $377,500 -8.7%

12-Month Avg* $630,057 +11.5% $470,000 +19.0%

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$635,000

$367,000

$780,000

$413,500

$772,000

$377,500

September

$535,000

$367,000

$571,125

$414,000

$603,750

$481,250

Year to Date

2012 2013 2014

- 8 7%+ 12 7%1 0%+ 22 8% + 12 8%+ 5 7%+ 6 8% + 16 2%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 2 4% + 5 5% 13 6%- 5 4%12 Month Avg $630,057 +11.5% $470,000 +19.0%

Historical Median Sales Price by Month* Median Sales Price for all properties from October 2013 through September 2014. This is not the average of the individual figures above.



$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

- 8.7%+ 12.7%- 1.0%+ 22.8% + 12.8%+ 5.7%+ 6.8% + 16.2%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 2.4% + 5.5% - 13.6%- 5.4%

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Average Sales Price

Avg. Sales PriceSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 $1,346,206 +56.0% $722,328 -10.7%

Nov-2013 $1,406,825 +15.0% $1,017,538 +31.3%

Dec-2013 $1,253,751 +16.6% $878,973 -10.1%

Jan-2014 $1,205,468 +85.0% $1,390,563 +113.2%

Feb-2014 $1,098,540 -27.4% $1,201,270 +28.4%

Mar-2014 $1,482,573 +78.0% $849,114 -8.4%

Apr-2014 $2,160,310 +157.1% $1,492,858 +51.2%

May-2014 $1,239,178 +9.3% $1,097,950 +75.4%

Jun-2014 $1,048,943 +33.1% $720,431 +37.2%

Jul-2014 $848,849 -5.9% $906,673 +58.7%

Aug-2014 $745,265 +26.3% $545,277 -40.1%

Sep-2014 $1,640,748 +17.5% $772,149 -10.9%

12-Month Avg* $1,296,403 +30.7% $928,754 +15.6%

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$1,115,634

$658,105

$1,396,172

$866,646

$1,640,748

$772,149

September

$1,184,763

$779,594

$967,784

$784,288

$1,281,384

$957,811

Year to Date

2012 2013 2014

- 10 9%+ 31 7%+ 17 5%+ 25 1% + 0 6%+ 32 4%18 3% + 22 1%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 27 3% + 13 3% 15 7%- 4 6%12 Month Avg $1,296,403 +30.7% $928,754 +15.6%

Historical Average Sales Price by Month* Avg. Sales Price for all properties from October 2013 through September 2014. This is not the average of the individual figures above.



$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

- 10.9%+ 31.7%+ 17.5%+ 25.1% + 0.6%+ 32.4%- 18.3% + 22.1%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 27.3% + 13.3% - 15.7%- 4.6%

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Percent of List Price Received

Pct. of List Price Received

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo

Year-Over-YearChange

Oct-2013 95.5% +1.8% 94.1% +0.2%

Nov-2013 95.6% +2.1% 95.3% +0.8%

Dec-2013 95.0% +1.6% 95.9% -0.2%

Jan-2014 95.9% -0.6% 94.3% -1.4%

Feb-2014 94.2% +0.7% 94.0% -1.5%

Mar-2014 96.2% -0.1% 94.9% -0.1%

Apr-2014 95.0% +0.6% 93.5% -0.7%

May-2014 96.4% -0.4% 95.6% +0.3%

Jun-2014 95.9% +0.4% 95.9% +0.8%

Jul-2014 95.4% +0.7% 96.3% +1.5%

Aug-2014 96.2% -0.8% 96.5% +2.7%

Sep-2014 94.0% -1.2% 96.2% +2.0%

12-Month Avg* 95.4% +0.4% 95.3% +0.6%

Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

94.1% 93.9%95.1% 94.3%94.0% 96.2%

September

93.6% 93.8%95.6% 94.8%95.4% 95.4%

Year to Date

2012 2013 2014

+ 2 0%+ 0 4%1 2%+ 1 1% + 1 1%0 2%+ 2 1% + 0 6%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 1 5% + 0 9% + 1 0%+ 1 5%12 Month Avg 95.4% +0.4% 95.3% +0.6%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from October 2013 through September 2014. This is not the average of the individual figures above.



70.0%

75.0%

80.0%

85.0%

90.0%

95.0%

100.0%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 2.0%+ 0.4%- 1.2%+ 1.1% + 1.1%- 0.2%+ 2.1% + 0.6%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 1.5% + 0.9% + 1.0%+ 1.5%

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Days on Market Until Sale

Days on MarketSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 140 -15.2% 203 -3.8%

Nov-2013 173 +9.5% 213 +5.4%

Dec-2013 135 -32.2% 277 +18.9%

Jan-2014 152 -18.7% 197 +28.8%

Feb-2014 239 +22.6% 182 +16.7%

Mar-2014 180 +100.0% 341 +11.8%

Apr-2014 206 -6.8% 243 +1.7%

May-2014 200 +21.2% 158 -7.1%

Jun-2014 116 -1.7% 169 -17.2%

Jul-2014 110 -17.3% 141 -30.9%

Aug-2014 110 -0.9% 131 -44.3%

Sep-2014 190 -26.1% 168 -9.2%

12-Month Avg* 168 -4.8% 209 -4.8%

Average number of days between when a property is listed and when an offer is accepted in a given month.

169

196

257

185190168

September

181

212

165

207

164

190

Year to Date

2012 2013 2014

- 9 2%- 5 6%- 26 1%+ 52 1% 2 4%- 0 6%- 8 8% 8 2%2012 2013 2014 2012 2013 2014 2012 2013 2014

- 21 8% 19 2% 6 6%- 20 3%12 Month Avg 168 4.8% 209 4.8%

Historical Days on Market Until Sale by Month* Days on Market for all properties from October 2013 through September 2014. This is not the average of the individual figures above.



0

100

200

300

400

500

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

- 9.2%- 5.6%- 26.1%+ 52.1% - 2.4%- 0.6%- 8.8% - 8.2%2012 2013 2014 2012 2013 2014 2012 2013 2014

- 21.8% - 19.2% - 6.6%- 20.3%

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Housing Affordability Index

Affordability IndexSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 47 -33.8% 74 -30.2%

Nov-2013 49 -26.9% 81 -22.1%

Dec-2013 57 -3.4% 79 -3.7%

Jan-2014 61 -48.3% 40 -57.0%

Feb-2014 38 -22.4% 38 -59.1%

Mar-2014 44 -24.1% 57 -18.6%

Apr-2014 45 -29.7% 44 -18.5%

May-2014 59 -3.3% 69 -34.9%

Jun-2014 64 -11.1% 94 -11.3%

Jul-2014 61 -1.6% 80 0.0%

Aug-2014 75 +4.2% 76 +4.1%

Sep-2014 44 +2.3% 90 +11.1%

12-Month Avg* 54 -33.6% 66 +3.2%

This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

58

101

43

81

44

90

September

2012 2013 2014

+ 11 1%19 8%+ 2 3%25 9%2012 2013 2014

+ 5 5% + 14 8%

69

101

58

81

56

71

Year to Date

12 3%- 19 8%3 4%15 9%+ 1 5% + 24 7%2012 2013 2014 2012 2013 2014 12 Month Avg 54 33.6% 66 +3.2%

Historical Housing Affordability Index by Month* Affordability Index for all properties from October 2013 through September 2014. This is not the average of the individual figures above.



0

20

40

60

80

100

120

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014


2012 2013 2014

+ 11.1%- 19.8%+ 2.3%- 25.9%2012 2013 2014

+ 5.5% + 14.8%


- 12.3%- 19.8%- 3.4%- 15.9%+ 1.5% + 24.7%2012 2013 2014 2012 2013 2014

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Inventory of Active Listings

Active ListingsSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 535 -3.4% 507 -19.1%

Nov-2013 504 -6.5% 500 -20.4%

Dec-2013 469 -6.9% 495 -17.9%

Jan-2014 461 -4.2% 487 -15.9%

Feb-2014 444 -9.2% 481 -17.2%

Mar-2014 447 -3.5% 491 -15.1%

Apr-2014 450 -1.3% 457 -14.6%

May-2014 489 +3.4% 481 -9.6%

Jun-2014 551 +0.5% 527 -10.4%

Jul-2014 559 -7.3% 529 -12.3%

Aug-2014 556 -4.0% 467 -21.2%

Sep-2014 479 -11.8% 397 -26.6%

12-Month Avg 495 -4.6% 485 -16.7%

The number of properties available for sale in active status at the end of a given month.

623665

543 541479

397

September

2012 2013 201426 6%18 6%11 8%12 8%

2012 2013 2014

14 0% 18 5%12 Month Avg 495 4.6% 485 16.7%

Historical Inventory of Active Listings by Month



200

400

600

800

1,000

1,200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014


2012 2013 2014- 26.6%- 18.6%- 11.8%- 12.8%

2012 2013 2014

- 14.0% - 18.5%

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Months Supply of Inventory

Months SupplySingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Oct-2013 11.0 -9.8% 10.7 -16.4%

Nov-2013 10.7 -7.0% 10.7 -16.4%

Dec-2013 10.1 -1.9% 10.8 -11.5%

Jan-2014 9.9 0.0% 10.6 -10.2%

Feb-2014 9.7 -2.0% 10.5 -11.8%

Mar-2014 9.9 +6.5% 10.4 -14.0%

Apr-2014 10.1 +13.5% 9.5 -16.7%

May-2014 11.2 +19.1% 9.9 -10.0%

Jun-2014 12.5 +14.7% 10.8 -12.2%

Jul-2014 12.8 +9.4% 10.7 -14.4%

Aug-2014 13.0 +15.0% 9.5 -23.4%

Sep-2014 11.2 +2.8% 7.9 -30.7%

12-Month Avg 11.0 +4.7% 10.2 -15.7%

The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.

14.2 14.4

10.9 11.411.2

7.9

September

2012 2013 201430 7%20 8%2 8%23 2%

2012 2013 2014

36 9% 29 4%12 Month Avg 11.0 +4.7% 10.2 15.7%

Historical Months Supply of Inventory by Month* Months Supply for all properties from October 2013 through September 2014. This is not the average of the individual figures above.



0.0

10.0

20.0

30.0

40.0

50.0

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014


2012 2013 2014- 30.7%- 20.8%+ 2.8%- 23.2%

2012 2013 2014

- 36.9% - 29.4%

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All Properties Activity Overview


Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 105 106 + 1.0% 1,348 - 1.2%

Pending Sales 119 134 + 12.6% 889 942 + 6.0%

1,365

Closed Sales 114 128 + 12.3% 809 820 + 1.4%

+ 7.8%

$

Median Sales Price $652,000 $472,500 - 27.5% $510,000 $549,950

A S l P i $ $ $

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

$1,103,813 + 25.8%Avg. Sales Price $1,117,474 $1,138,589 + 1.9% $877,510

+ 0.2%

Days on Market 219 177 - 19.2% 185 178 - 3.8%

Pct. of List Price Received 94.7% 95.2% + 0.5% 95.2% 95.4%

- 5.5%

Active Listings 1,084 876 - 19.2% -- -- --

Affordability Index 51 72 + 40.6% 65 62

--


Months Supply 11.2 9.4 - 16.1% -- --

9 2011 9 2012 9 2013 9 2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

9-2011 9-2012 9-2013 9-2014

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Closed Sales

By Price Range 9-2013 9-2014 Change 9-2013 9-2014 Change 8-2014 9-2014 Change 8-2014 9-2014 Change YTD 2013 YTD 2014 Change YTD 2013 YTD 2014 Change$299,999 and Below 132 75 - 43.2% 187 132 - 29.4% 10 7 - 30.0% 11 15 + 36.4% 91 56 - 38.5% 123 99 - 19.5%$300,000 to $599,999 184 172 - 6.5% 172 227 + 32.0% 14 14 0.0% 25 35 + 40.0% 122 126 + 3.3% 122 162 + 32.8%$600,000 to $999,999 127 100 - 21.3% 90 101 + 12.2% 7 9 + 28.6% 8 14 + 75.0% 91 73 - 19.8% 68 73 + 7.4%$1,000,000 to $1,499,999 58 52 - 10.3% 46 50 + 8.7% 1 7 + 600.0% 3 3 0.0% 42 38 - 9.5% 34 42 + 23.5%$1,500,00 to $1,999,999 34 31 - 8.8% 24 28 + 16.7% 5 7 + 40.0% 3 3 0.0% 27 21 - 22.2% 21 22 + 4.8%$2,000,000 to $2,499,999 16 21 + 31.3% 10 17 + 70.0% 1 3 + 200.0% 2 0 - 100.0% 9 11 + 22.2% 8 14 + 75.0%$2,500,000 to $4,999,999 32 42 + 31.3% 30 32 + 6.7% 6 4 - 33.3% 4 2 - 50.0% 20 31 + 55.0% 17 28 + 64.7%$5,000,000 to $9,999,999 11 16 + 45.5% 7 16 + 128.6% 1 2 + 100.0% 3 2 - 33.3% 8 10 + 25.0% 5 10 + 100.0%$10,000,000 and Above 3 5 + 66.7% 1 0 - 100.0% 0 1 -- 0 0 -- 1 4 + 300.0% 0 0 --All Price Ranges 597 514 - 13.9% 567 603 + 6.3% 45 54 + 20.0% 59 74 + 25.4% 411 370 - 10.0% 398 450 + 13.1%

Actual sales that have closed in a given quarter.

Rolling 12 Months Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo

319 356217

104 58 26 62 18 4

207

399

201102 59 38 74 32 5

< $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+

By Price Range – All Properties – Rolling 12 Months 9-2013 9-2014

- 35.1%

597 5671,164

514 6031,117

Singe Family Townhouse-Condo All Properties

By Property Type 9-2013 9-2014

+ 12.1% - 7.4% - 1.9% + 1.7% + 46.2% + 19.4% + 77.8% + 25.0% - 13.9% + 6.3% - 4.0%


By Price Range 9-2013 9-2014 Change 9-2013 9-2014 Change 8-2014 9-2014 Change 8-2014 9-2014 Change$299,999 and Below 27 18 - 33.3% 42 28 - 33.3% 23 18 - 21.7% 43 28 - 34.9%$300,000 to $599,999 63 59 - 6.3% 126 91 - 27.8% 67 59 - 11.9% 153 91 - 40.5%$600,000 to $999,999 109 95 - 12.8% 110 77 - 30.0% 93 95 + 2.2% 82 77 - 6.1%$1,000,000 to $1,499,999 74 55 - 25.7% 63 49 - 22.2% 60 55 - 8.3% 42 49 + 16.7%$1,500,00 to $1,999,999 49 52 + 6.1% 44 33 - 25.0% 47 52 + 10.6% 34 33 - 2.9%$2,000,000 to $2,499,999 38 38 0.0% 27 26 - 3.7% 35 38 + 8.6% 25 26 + 4.0%$2,500,000 to $4,999,999 101 92 - 8.9% 83 53 - 36.1% 97 92 - 5.2% 58 53 - 8.6%$5,000,000 to $9,999,999 55 51 - 7.3% 38 33 - 13.2% 46 51 + 10.9% 37 33 - 10.8%$10,000,000 and Above 27 19 - 29.6% 8 7 - 12.5% 21 19 - 9.5% 7 7 0.0%All Price Ranges 543 479 - 11.8% 541 397 - 26.6% 489 479 - 2.0% 481 397 - 17.5%


A measure of the number of homes available for sale at a given time.

Year over Year Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo

There are no year-to-date figures for inventory because it is simply a

snapshot frozen in time at the end of each month. It does not add up over a

period of months.

69189 219

137 93 65184

933546

150 172104 85 64

14584

26

< $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+

By Price Range – All Properties 9-2013 9-2014

- 33.3%

543 5411,084

479 397876

Singe Family Townhouse-Condo All Properties

By Property Type 9-2013 9-2014

- 20.6% - 21.5% - 24.1% - 8.6% - 1.5% - 21.2% - 9.7% - 25.7% - 11.8% - 26.6% - 19.2%

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Glossary of Terms

New Listings

Pending Sales

Closed Sales

Median Sales Price

Average Sales Price

A research tool provided by the Colorado Association of REALTORS®

A measure of how much new supply is coming onto the market from sellers (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).

A count of all the listings that went into Pending during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand.

A measure of home sales that were closed to completion during the report period.

A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

A sum of all home sales prices divided by total number of sales.

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index


Months Supply of Inventory


A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

A measure of how long it takes homes to sell, on average.

A measure of how affordable a region’s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and average income by county.

A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.

A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale.

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Documents

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