august 2014 fcbr housing report

July 2014 Activity Snapshot

One-Year Change in One-Year Change in

Single FamilySold Listings

Single FamilyDays On Market

23456789

101112131415

Click on desired metric to jump to that page.Current as of August 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewSold Listings and Inventory by Price RangeGlossary of Terms

New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received

Monthly Indicators

- 16.1% - 7.1% + 6.6%One-Year Change in

Although low supply and tight credit standards are still hurdles to recovery, prices continue to rise in most local areas. Job growth has strengthened lately, but wage growth has not kept pace with the price gains we have seen. Buoyed by stable and continuously lower interest rates, affordability is still historically high yet below its all-time peak. Rising inventory levels will lead to more choices for qualified buyers, but as the summer reaches toward fall, the prospect of more homes coming on the market begins to wane.

New Listings were down 13.0 percent for single family homes but increased 15.5 percent for townhouse-condo properties. Pending sales clocked in at 320 for single family homes and 113 for townhouse-condo properties.

The Median Sales Price was up 6.6 percent to $290,000 for single family homes and 13.9 percent to $181,000 for townhouse-condo properties. Months Supply of Inventory stood at 2.5 for single family units and 1.1 months for townhouse-condo units.

The U.S. Department of Commerce reported that GDP grew at a 4.0 percent annual rate in the second quarter and that the first quarter was less bad than previously thought. Consumer spending in the first quarter rose 2.5 percent, which is encouragingly in tandem with savings rates. Increased consumer spending means more demand for goods and labor; increased savings rates means more resources for downpayments. With rates still low, rents still rising and private job growth accelerating, it's becoming more and more difficult to side with the housing perma-bears.

Single FamillyMedian Sales Price

Residential real estate activity in Area 9, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

Single Family Activity Overview

All Properties Activity Overview

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

Key Metrics Historical Sparkbars 7-2013 7-2014 Percent Change YTD-2013 YTD-2014 Percent Change

- 6.2%

Pending Sales 297 320 + 7.7% 2,140 2,130 - 0.5%

New Listings 414 360 - 13.0% 2,723 2,554

Under Contract Not enough historical data for chart -- -- -- -- -- --

Sold Listings 392 329 - 16.1% 1,952 1,864 - 4.5%

Median Sales Price $272,000 $290,000 + 6.6% $261,900 $275,000 + 5.0%

+ 6.2%

Pct. of List Price Received 99.1% 99.6% + 0.5% 98.9% 99.2% + 0.3%

Average Sales Price $315,587 $332,228 + 5.3% $297,219 $315,652

Days on Market 70 65 - 7.1% 82 80 - 2.4%

Affordability Index 122 118 - 3.3% 127 124 - 2.4%

-- --

Current as of August 6, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 2

-- --

Months Supply Not enough historical data for chart -- 2.5 -- --

Active Listings Not enough historical data for chart -- 662 -- --

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

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


+ 3.6%

Pending Sales 71 113 + 59.2% 533 571 + 7.1%

New Listings 97 112 + 15.5% 583 604


Sold Listings 93 83 - 10.8% 475 466 - 1.9%


+ 7.6%



Days on Market 62 47 - 24.2% 74 61 - 17.6%


-- --


-- --



7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Aug-2013 364 +5.8% 89 +23.6%

Sep-2013 300 +22.4% 61 +5.2%

Oct-2013 254 -3.4% 46 -31.3%

Nov-2013 199 +2.6% 45 -6.3%

Dec-2013 143 +3.6% 32 +23.1%

Jan-2014 283 +5.6% 64 +28.0%

Feb-2014 272 -7.8% 59 -10.6%

Mar-2014 333 -9.0% 99 +25.3%

Apr-2014 450 +17.8% 84 -27.0%

May-2014 416 -19.1% 86 -1.1%

Jun-2014 440 -9.1% 100 +12.4%

Jul-2014 360 -13.0% 112 +15.5%

12-Month Avg 318 -2.4% 73 +2.7%

Historical New Listings by Month


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

397

72

414

97

360

112

Single Family Townhouse-Condo

July

0

100

200

300

400

500

600

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


2,412

564

2,723

583

2,554

604


Year to Date

2012 2013 2014+ 15.5%+ 34.7%- 13.0%+ 4.3% + 3.4%- 6.2%+ 12.9% + 3.6%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 23.3% + 5.5% + 7.0%+ 12.5%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Aug-2013 245 +7.5% 79 +33.9%

Sep-2013 217 -1.4% 53 +3.9%

Oct-2013 227 +3.2% 65 +25.0%

Nov-2013 199 +9.3% 48 +9.1%

Dec-2013 149 -10.2% 27 -18.2%

Jan-2014 228 -4.2% 59 +11.3%

Feb-2014 245 -4.3% 60 +5.3%

Mar-2014 333 +0.9% 96 +26.3%

Apr-2014 345 +10.2% 71 -36.6%

May-2014 311 -12.9% 81 -6.9%

Jun-2014 348 -0.3% 91 +18.2%

Jul-2014 320 +7.7% 113 +59.2%

12-Month Avg 264 +0.3% 70 +9.2%

Historical Pending Sales by Month


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

295

67

297

71

320

113


July

0

100

200

300

400

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


1,878

475

2,140

533

2,130

571


Year to Date

2012 2013 2014+ 59.2%+ 6.0%+ 7.7%+ 0.7% + 12.2%- 0.5%+ 14.0% + 7.1%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 23.9% + 22.6% + 17.9%+ 17.5%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Aug-2013 344 +15.8% 79 -8.1%

Sep-2013 245 -1.6% 81 +39.7%

Oct-2013 260 +15.0% 46 -6.1%

Nov-2013 204 -4.2% 54 +8.0%

Dec-2013 236 +34.1% 61 +24.5%

Jan-2014 146 -13.6% 32 -5.9%

Feb-2014 170 -7.1% 51 +27.5%

Mar-2014 233 -13.1% 61 +19.6%

Apr-2014 283 -0.4% 78 +18.2%

May-2014 360 +10.1% 75 -26.5%

Jun-2014 343 +4.3% 86 -3.4%

Jul-2014 329 -16.1% 83 -10.8%

12-Month Avg 263 +1.3% 66 +2.6%

Historical Sold Listings by Month


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

317

81

392

93

329

83


July

0

100

200

300

400

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


1,638

411

1,952

475

1,864

466


Year to Date

2012 2013 2014- 10.8%+ 14.8%- 16.1%+ 23.7% + 15.6%- 4.5%+ 19.2% - 1.9%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 20.1% + 19.2% + 16.1%+ 47.3%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Aug-2013 $267,950 +5.1% $168,000 +15.5%

Sep-2013 $260,000 +4.4% $195,000 +32.2%

Oct-2013 $255,000 +4.1% $159,000 -3.8%

Nov-2013 $259,450 +3.0% $167,500 +0.6%

Dec-2013 $256,945 +4.9% $186,250 +9.6%

Jan-2014 $249,050 -0.6% $184,500 +1.7%

Feb-2014 $250,725 +3.2% $179,601 +22.4%

Mar-2014 $256,000 +0.4% $160,000 -1.5%

Apr-2014 $278,000 +6.3% $180,500 +13.0%

May-2014 $286,000 +7.9% $175,000 +11.1%

Jun-2014 $275,000 +0.4% $179,500 +0.8%

Jul-2014 $290,000 +6.6% $181,000 +13.9%

12-Month Avg* $269,000 +4.3% $178,000 +11.3%

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


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

$248,000

$154,500

$272,000

$158,900

$290,000

$181,000


July

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

$300,000

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


$243,515

$153,000

$261,900

$164,000

$275,000

$179,050


Year to Date

2012 2013 2014+ 13.9%+ 2.8%+ 6.6%+ 9.7% + 7.2%+ 5.0%+ 7.5% + 9.2%

2012 2013 2014 2012 2013 2014 2012 2013 2014- 0.8% + 2.7% + 0.0%+ 3.0%

Average Sales Price

Average Sales Price

SingleFamily


Townhouse-Condo


Aug-2013 $302,012 +4.1% $172,394 +11.6%

Sep-2013 $305,424 +6.0% $203,761 +28.8%

Oct-2013 $302,442 +7.3% $165,129 -12.9%

Nov-2013 $306,012 +10.3% $185,801 +8.8%

Dec-2013 $305,645 +3.8% $201,100 +6.6%

Jan-2014 $295,825 +2.7% $205,325 +9.8%

Feb-2014 $286,294 -1.1% $187,404 +16.0%

Mar-2014 $296,832 +5.0% $176,185 +1.5%

Apr-2014 $316,262 +9.4% $192,667 +17.7%

May-2014 $337,080 +16.2% $190,317 +9.0%

Jun-2014 $312,533 +0.7% $188,810 -4.0%

Jul-2014 $332,228 +5.3% $189,893 +12.3%

12-Month Avg* $310,907 +6.0% $188,305 +8.6%

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


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

$280,996

$158,267

$315,587

$169,127

$332,228

$189,893


July

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

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


2012 2013 2014+ 12.3%+ 6.9%+ 5.3%+ 12.3%

2012 2013 2014

+ 2.2% + 1.6%

$277,831

$161,532

$297,219

$175,840

$315,652

$189,219


Year to Date

+ 7.6%+ 8.9%2012 2013 2014 2012 2013 2014

+ 6.2%+ 7.0%+ 2.8% + 3.3%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


Aug-2013 98.9% +0.7% 99.1% +0.8%

Sep-2013 99.0% +0.8% 99.6% +1.3%

Oct-2013 98.7% +0.4% 98.4% +0.4%

Nov-2013 98.3% +0.2% 97.6% -0.5%

Dec-2013 98.5% +1.1% 99.0% +1.1%

Jan-2014 98.0% +0.1% 98.0% -0.4%

Feb-2014 98.9% +0.8% 98.6% +0.2%

Mar-2014 98.6% -0.3% 98.9% 0.0%

Apr-2014 99.5% +0.5% 100.0% +1.1%

May-2014 99.4% +0.2% 99.9% +0.7%

Jun-2014 99.6% +0.3% 99.5% +0.4%

Jul-2014 99.6% +0.5% 99.6% +0.2%

12-Month Avg* 98.6% +0.4% 98.7% +0.5%

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


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.

98.9% 98.1%99.1% 99.4%99.6% 99.6%


July

94%

95%

96%

97%

98%

99%

100%

101%

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


98.4% 97.6%98.9% 99.0%99.2% 99.4%


Year to Date

2012 2013 2014+ 0.2%+ 1.3%+ 0.5%+ 0.2% + 1.4%+ 0.3%+ 0.5% + 0.4%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 1.5% + 0.8% + 0.1%+ 0.5%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Aug-2013 78 -19.6% 64 -12.3%

Sep-2013 68 -27.7% 92 +3.4%

Oct-2013 79 -24.8% 55 -50.9%

Nov-2013 85 -19.8% 71 +18.3%

Dec-2013 99 -6.6% 104 +31.6%

Jan-2014 103 -1.0% 97 +16.9%

Feb-2014 95 -18.1% 60 -51.2%

Mar-2014 90 +7.1% 66 -9.6%

Apr-2014 76 -8.4% 64 -5.9%

May-2014 76 +7.0% 61 -20.8%

Jun-2014 79 +3.9% 56 -11.1%

Jul-2014 65 -7.1% 47 -24.2%

12-Month Avg 81 -9.7% 68 -11.3%

Historical Days on Market Until Sale by Month

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

* Days on Market for all properties from August 2013 through July 2014. This is not the average of the individual figures above.


8391

706265

47


July

25

50

75

100

125

150

175

200

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


10595

8274

80

61


Year to Date

2012 2013 2014- 24.2%- 31.9%- 7.1%- 15.7% - 22.1%- 2.4%- 21.9% - 17.6%

2012 2013 2014 2012 2013 2014 2012 2013 2014- 13.5% - 7.9% - 29.1%- 29.5%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Aug-2013 123 -13.4% 196 -21.3%

Sep-2013 128 -13.5% 171 -31.6%

Oct-2013 131 -12.7% 210 -5.4%

Nov-2013 136 -6.8% 211 -5.0%

Dec-2013 131 -13.8% 181 -17.4%

Jan-2014 132 -9.6% 179 -10.9%

Feb-2014 133 -9.5% 186 -23.8%

Mar-2014 131 -6.4% 210 -4.1%

Apr-2014 120 -13.7% 185 -18.5%

May-2014 120 -9.1% 196 -11.7%

Jun-2014 125 +3.3% 191 +2.7%

Jul-2014 118 -3.3% 189 -10.0%

12-Month Avg 127 -16.0% 140 -15.1%

Historical Housing Affordability Index by Month


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.

147

236

122

210

118

189


July

100

125

150

175

200

225

250

275

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


2012 2013 2014- 10.0%- 11.0%- 3.3%- 17.0%

2012 2013 2014

+ 12.2% + 7.8%

149

238

127

203

124

191


Year to Date

- 5.9%- 14.7%- 2.4%- 14.8%+ 7.2% + 10.7%2012 2013 2014 2012 2013 2014

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


- 4.5%

Pending Sales 368 433 + 17.7% 533 571 + 7.1%

New Listings 511 472 - 7.6% 3,306 3,158


Sold Listings 485 412 - 15.1% 2,427 2,330 - 4.0%


+ 6.2%



Days on Market 68 61 - 6.2% 81 76 - 6.2%


-- --


-- --



7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

7-2011 7-2012 7-2013 7-2014

Sold Listings

By Price Range 7-2013 7-2014 Change 7-2013 7-2014 Change 6-2014 7-2014 Change 6-2014 7-2014 Change 7-2013 7-2014 Change 7-2013 7-2014 Change$99,999 and Below 42 26 - 38.1% 47 32 - 31.9% 4 1 - 75.0% 2 2 0.0% 22 17 - 22.7% 19 12 - 36.8%$100,000 to $199,999 511 344 - 32.7% 516 473 - 8.3% 31 17 - 45.2% 50 54 + 8.0% 287 167 - 41.8% 330 283 - 14.2%$200,000 to $299,999 1,495 1,566 + 4.7% 173 237 + 37.0% 170 159 - 6.5% 31 24 - 22.6% 934 931 - 0.3% 104 147 + 41.3%$300,000 to $399,999 607 688 + 13.3% 17 33 + 94.1% 82 84 + 2.4% 2 1 - 50.0% 415 424 + 2.2% 11 18 + 63.6%$400,000 to $499,999 246 248 + 0.8% 9 10 + 11.1% 28 33 + 17.9% 0 2 -- 156 150 - 3.8% 8 4 - 50.0%$500,000 to $699,999 157 204 + 29.9% 4 2 - 50.0% 19 28 + 47.4% 1 0 - 100.0% 106 129 + 21.7% 3 2 - 33.3%$700,000 to $999,999 44 63 + 43.2% 0 0 -- 8 6 - 25.0% 0 0 -- 28 38 + 35.7% 0 0 --$1,000,000 to $1,999,999 10 13 + 30.0% 1 0 - 100.0% 1 1 0.0% 0 0 -- 4 7 + 75.0% 0 0 --$2,000,000 and Above 1 1 0.0% 0 0 -- 0 0 -- 0 0 -- 0 1 -- 0 0 --All Price Ranges 3,113 3,153 + 1.3% 767 787 + 2.6% 343 329 - 4.1% 86 83 - 3.5% 1,952 1,864 - 4.5% 475 466 - 1.9%

Inventory of Active Listings

By Price Range 7-2013 7-2014 Change 7-2013 7-2014 Change 6-2014 7-2014 Change 6-2014 7-2014 Change$99,999 and Below -- -- -- -- -- -- -- -- -- -- -- --$100,000 to $199,999 -- -- -- -- -- -- -- -- -- -- -- --$200,000 to $299,999 -- -- -- -- -- -- -- -- -- -- -- --$300,000 to $399,999 -- -- -- -- -- -- -- -- -- -- -- --$400,000 to $499,999 -- -- -- -- -- -- -- -- -- -- -- --$500,000 to $699,999 -- -- -- -- -- -- -- -- -- -- -- --$700,000 to $999,999 -- -- -- -- -- -- -- -- -- -- -- --$1,000,000 to $1,999,999 -- -- -- -- -- -- -- -- -- -- -- --$2,000,000 and Above -- -- -- -- -- -- -- -- -- -- -- --All Price Ranges -- -- -- -- -- -- -- -- -- -- -- --

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

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.


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

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

Not enough historical data for chart. At some point in the near future, this section should be full.

3,113

767

3,8803,153

787

3,940

Singe Family Townhouse-Condo All Properties

By Property Type 7-2013 7-2014

Singe Family Townhouse-Condo All Properties

By Property Type

89

1,0271,668

624255 161 44 11 158

817

1,803

721258 206 63 13 1

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $599K $700K to $799K $1.0M to $1.9M $2.0M+

By Price Range – All Properties – Rolling 12 Months 7-2014 7-2013

0.0%

< $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $599K $700K to $799K $1.0M to $1.9M $2.0M+

By Price Range – All Properties 7-2013 7-2014

- 34.8% - 20.4% + 8.1% + 15.5% + 18.2%+ 1.2% + 28.0% + 43.2% + 1.3% + 2.6% + 1.5%

---- -- -- -- ---- -- -- -- ----

Glossary of Terms

New Listings

Pending Sales

Under Contract Activity

Sold Listings

Median Sales Price

Average Sales Price

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Active Listings

Months Supply of Inventory

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

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 status 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 count of all listings Under Contract during the reported period. Listings that go Under Contract are counted each day. There is no maximum number of times a listing can be counted as Under Contract. For example, if a listing goes into Under Contract, out of Under Contract, then back into Under Contract all in one reported period, this listing would be counted twice.

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


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

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

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

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.

august 2014 fcbr housing report

Documents

single family homes

percent change ytd

single family units

townhousecondo properties

percent changes

activity snapshot

townhousecondo units

price gains