july 2014 market reports

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Vail Valley / Eagle County

Market Repor t

July 2014 - YTD

http://www.teamblackbear.com/

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July 2014 Monthly Snapshot

One-Year Change in One-Year Change in

Closed Sales All Properties

Active ListingsAll Properties

23456789

10111213141516

Current as of August 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

Monthly Indicators

+ 1.1% - 12.6% - 7.3%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 29.4 percent for single family/duplex homes and 6.3 percent for townhouse-condo properties. Pending Sales increased 29.2 percent for single family/duplex homes and 13.6 percent for townhouse-condo properties.

The Median Sales Price was up 1.1 percent to $545,000 for single family/duplex homes and 4.1 percent to $433,500 for townhouse-condo properties. Months Supply of Inventory increased 6.0 percent for single family/duplex units but decreased 17.6 percent 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.

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

Closed Sales and Inventory by Price Range

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Single Family/Duplex Activity Overview

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

`

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

--

Months Supply 11.7 12.4 + 6.0% -- -- --

Active Listings 603 541 - 10.3% -- --

+ 6.3%

Affordability Index 62 63 + 1.6% 59 57 - 3.4%

Days on Market 133 104 - 21.8% 159 169

+ 35.3%

Pct. of List Price Received 94.7% 95.7% + 1.1% 95.4% 95.6% + 0.2%

Average Sales Price $902,062 $815,392 - 9.6% $966,236 $1,307,635

- 11.1%

Median Sales Price $539,000 $545,000 + 1.1% $560,000 $594,500 + 6.2%

Closed Sales 48 43 - 10.4% 297 264

565 - 6.6%

Pending Sales 48 62 + 29.2% 321 311 - 3.1%

605

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

New Listings 126 89 - 29.4%

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

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

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

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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 95 89 - 6.3% 546 + 8.3%

Pending Sales 66 75 + 13.6% 316 369 + 16.8%

504

Closed Sales 42 48 + 14.3% 273 316 + 15.8%

+ 32.8%

$1,080,948 + 46.8%

Median Sales Price $416,250 $433,500 + 4.1% $400,000 $531,250

Average Sales Price $571,362 $921,500 + 61.3% $736,216

0.0%

Days on Market 204 144 - 29.4% 205 207 + 1.0%

Pct. of List Price Received 94.9% 96.2% + 1.4% 95.0% 95.0%

- 22.9%

Active Listings 602 512 - 15.0% -- -- --

Affordability Index 80 79 - 1.3% 83 64

--


Months Supply 12.5 10.3 - 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

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

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

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New Listings

New ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 72 -15.3% 79 +11.3%

Sep-2013 57 +21.3% 48 -14.3%

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%

12-Month Avg 69 -7.0% 70 +2.8%

Historical New Listings by Month


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

9585

126

9589 89

Single Family/Duplex Townhouse-Condo

July

25

50

75

100

125

150

175

200

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


576532

605

504565 546


Year to Date

2012 2013 2014- 6.3%+ 11.8%- 29.4%+ 32.6% - 5.3%- 6.6%+ 5.0% + 8.3%

2012 2013 2014 2012 2013 2014 2012 2013 2014- 6.9% + 0.7% + 1.1%- 1.2%

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Pending Sales

Pending SalesSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 69 -10.4% 64 -5.9%

Sep-2013 53 -10.2% 66 +37.5%

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% 71 +82.1%

May-2014 38 +26.7% 35 -32.7%

Jun-2014 45 -6.3% 42 +20.0%

Jul-2014 62 +29.2% 75 +13.6%

12-Month Avg 44 -10.2% 50 +7.7%

Historical Pending Sales by Month


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

6267

48

6662

75


July

0

20

40

60

80

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


332 346321 316311

369


Year to Date

2012 2013 2014+ 13.6%- 1.5%+ 29.2%- 22.6% - 8.7%- 3.1%- 3.3% + 16.8%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 26.5% + 44.3% + 26.3%+ 52.3%

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Closed Sales

Closed SalesSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 60 -1.6% 65 -1.5%

Sep-2013 54 -26.0% 60 -13.0%

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 43 -10.4% 48 +14.3%

12-Month Avg 44 -15.4% 50 +2.9%

Historical Closed Sales by Month


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

3641

48

424348


July

0

20

40

60

80

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


269288297

273264

316


Year to Date

2012 2013 2014+ 14.3%+ 2.4%- 10.4%+ 33.3% - 5.2%- 11.1%+ 10.4% + 15.8%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 24.1% + 33.2% + 7.9%+ 57.7%

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Median Sales Price

Median Sales PriceSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 $455,500 +11.1% $450,000 +23.6%

Sep-2013 $780,000 +22.8% $413,500 +12.7%

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 $545,000 +1.1% $433,500 +4.1%

12-Month Avg* $630,000 +13.7% $487,000 +28.2%

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.

$557,500

$320,000

$539,000

$416,250

$545,000

$433,500


July

$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


$545,000

$369,500

$560,000

$400,000

$594,500

$531,250


Year to Date

2012 2013 2014+ 4.1%+ 30.1%+ 1.1%- 3.3% + 8.3%+ 6.2%+ 2.8% + 32.8%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 74.2% + 10.5% - 17.7%- 12.4%

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Average Sales Price

Average Sales Price

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo


Aug-2013 $589,896 -44.0% $910,167 +71.8%

Sep-2013 $1,396,172 +25.1% $866,646 +31.7%

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% $1,494,230 +51.4%

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 $815,392 -9.6% $921,500 +61.3%

12-Month Avg* $1,241,843 +22.2% $979,399 +33.1%

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.

$822,802

$713,848

$902,062

$571,362

$815,392

$921,500


July

$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


$1,233,350

$865,973

$966,236

$736,216

$1,307,635

$1,080,948


Year to Date

2012 2013 2014+ 61.3%- 20.0%- 9.6%+ 9.6% - 15.0%+ 35.3%- 21.7% + 46.8%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 51.4% + 8.9% - 11.1%+ 13.9%

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Percent of List Price Received

Pct. of List Price Received

SingleFamily/Duplex


Townhouse-Condo


Aug-2013 97.0% +3.0% 94.0% +0.3%

Sep-2013 95.1% +1.1% 94.3% +0.4%

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% 93.6% -0.6%

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

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

Jul-2014 95.7% +1.1% 96.2% +1.4%

12-Month Avg* 95.7% +1.1% 94.8% +0.2%

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.

94.5% 93.3%94.7% 94.9%95.7% 96.2%


July

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


93.3% 93.9%95.4% 95.0%95.6% 95.0%


Year to Date

2012 2013 2014+ 1.4%+ 1.7%+ 1.1%+ 0.2% + 1.2%+ 0.2%+ 2.3% 0.0%

2012 2013 2014 2012 2013 2014 2012 2013 2014+ 0.5% + 0.9% + 1.1%0.0%

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Days on Market Until Sale

Days on MarketSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 111 -1.8% 235 +31.3%

Sep-2013 257 +52.1% 185 -5.6%

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 104 -21.8% 144 -29.4%

12-Month Avg* 160 +3.4% 204 +4.3%

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


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

135

191

133

204

104

144


July

0

100

200

300

400

500

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


200

223

159

205

169

207


Year to Date

2012 2013 2014- 29.4%+ 6.8%- 21.8%- 1.5% - 8.1%+ 6.3%- 20.5% + 1.0%

2012 2013 2014 2012 2013 2014 2012 2013 2014- 32.8% - 9.1% - 5.9%+ 2.1%

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Housing Affordability Index

Affordability IndexSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 72 -18.2% 73 -27.0%

Sep-2013 43 -25.9% 81 -19.8%

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 63 +1.6% 79 -1.3%

12-Month Avg* 53 -8.5% 69 -13.3%

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


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.

65

114

62

80

63

79


July

0

20

40

60

80

100

120

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


2012 2013 2014- 1.3%- 29.8%+ 1.6%- 4.6%

2012 2013 2014

- 36.9% + 26.7%

67

99

59

83

5764


Year to Date

- 22.9%- 16.2%- 3.4%- 11.9%0.0% + 35.6%2012 2013 2014 2012 2013 2014

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Inventory of Active Listings

Active ListingsSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 579 -14.2% 592 -14.1%

Sep-2013 543 -12.8% 539 -18.9%

Oct-2013 533 -3.8% 503 -19.8%

Nov-2013 502 -6.9% 496 -21.0%

Dec-2013 467 -7.3% 490 -18.7%

Jan-2014 459 -4.6% 482 -16.8%

Feb-2014 441 -9.8% 476 -18.1%

Mar-2014 443 -4.3% 485 -15.9%

Apr-2014 445 -2.4% 450 -15.7%

May-2014 480 +1.5% 472 -11.1%

Jun-2014 538 -1.8% 515 -12.3%

Jul-2014 541 -10.3% 512 -15.0%

12-Month Avg 498 -6.8% 501 -16.5%

Historical Inventory of Active Listings by Month


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

694 711

603 602541 512


July

400

500

600

700

800

900

1,000

1,100

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


2012 2013 2014- 15.0%- 15.3%- 10.3%- 13.1%

2012 2013 2014- 11.1% - 14.3%

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Months Supply of Inventory

Months SupplySingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Aug-2013 11.3 -29.8% 12.3 -21.7%

Sep-2013 10.9 -23.2% 11.4 -20.8%

Oct-2013 10.9 -10.7% 10.7 -16.4%

Nov-2013 10.6 -7.8% 10.6 -17.2%

Dec-2013 10.1 -1.9% 10.7 -12.3%

Jan-2014 9.9 0.0% 10.5 -11.0%

Feb-2014 9.6 -3.0% 10.4 -12.6%

Mar-2014 9.8 +5.4% 10.3 -14.9%

Apr-2014 10.0 +12.4% 9.4 -17.5%

May-2014 11.0 +17.0% 9.7 -11.8%

Jun-2014 12.3 +12.8% 10.5 -13.9%

Jul-2014 12.4 +6.0% 10.3 -17.6%

12-Month Avg 10.7 -4.1% 10.6 -16.0%

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


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.

17.5 16.9

11.7 12.512.410.3


July

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- 17.6%- 26.0%+ 6.0%- 33.1%

2012 2013 2014- 28.6% - 20.7%

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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 221 178 - 19.5% 1,111 + 0.2%

Pending Sales 114 137 + 20.2% 637 680 + 6.8%

1,109

Closed Sales 90 91 + 1.1% 570 580 + 1.8%

+ 17.3%

$1,184,130 + 38.3%

Median Sales Price $512,500 $475,000 - 7.3% $485,750 $570,000

Average Sales Price $747,735 $871,361 + 16.5% $856,069

+ 0.1%

Days on Market 166 125 - 24.7% 181 190 + 5.0%

Pct. of List Price Received 94.8% 96.0% + 1.3% 95.2% 95.3%

- 12.5%

Active Listings 1,205 1,053 - 12.6% -- -- --

Affordability Index 65 72 + 10.7% 69 60

--


Months Supply 12.1 11.3 - 6.6% -- --

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

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

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

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Closed Sales

By Price Range 7-2013 7-2014 Change 7-2013 7-2014 Change 6-2014 7-2014 Change 6-2014 7-2014 Change YTD 2013 YTD 2014 Change YTD 2013 YTD 2014 Change$299,999 and Below 149 80 - 46.3% 216 127 - 41.2% 10 6 - 40.0% 11 12 + 9.1% 73 43 - 41.1% 91 62 - 31.9%$300,000 to $599,999 190 170 - 10.5% 161 219 + 36.0% 14 17 + 21.4% 25 20 - 20.0% 88 90 + 2.3% 78 110 + 41.0%$600,000 to $999,999 114 115 + 0.9% 92 90 - 2.2% 7 11 + 57.1% 8 6 - 25.0% 54 51 - 5.6% 50 44 - 12.0%$1,000,000 to $1,499,999 61 50 - 18.0% 43 56 + 30.2% 1 5 + 400.0% 3 2 - 33.3% 32 26 - 18.8% 20 34 + 70.0%$1,500,00 to $1,999,999 29 30 + 3.4% 22 32 + 45.5% 5 1 - 80.0% 3 1 - 66.7% 19 12 - 36.8% 14 19 + 35.7%$2,000,000 to $2,499,999 19 17 - 10.5% 9 17 + 88.9% 1 1 0.0% 2 3 + 50.0% 9 7 - 22.2% 7 13 + 85.7%$2,500,000 to $4,999,999 40 37 - 7.5% 29 36 + 24.1% 6 2 - 66.7% 4 3 - 25.0% 18 24 + 33.3% 11 26 + 136.4%$5,000,000 to $9,999,999 11 19 + 72.7% 4 17 + 325.0% 1 0 - 100.0% 3 1 - 66.7% 3 8 + 166.7% 2 8 + 300.0%$10,000,000 and Above 4 4 0.0% 1 0 - 100.0% 0 0 -- 0 0 -- 1 3 + 200.0% 0 0 --All Price Ranges 617 522 - 15.4% 577 594 + 2.9% 45 43 - 4.4% 59 48 - 18.6% 297 264 - 11.1% 273 316 + 15.8%


By Price Range 7-2013 7-2014 Change 7-2013 7-2014 Change 6-2014 7-2014 Change 6-2014 7-2014 Change$299,999 and Below 29 22 - 24.1% 52 41 - 21.2% 22 22 0.0% 42 41 - 2.4%$300,000 to $599,999 65 61 - 6.2% 152 146 - 3.9% 65 61 - 6.2% 151 146 - 3.3%$600,000 to $999,999 116 124 + 6.9% 121 98 - 19.0% 93 124 + 33.3% 79 98 + 24.1%$1,000,000 to $1,499,999 89 59 - 33.7% 59 54 - 8.5% 57 59 + 3.5% 40 54 + 35.0%$1,500,00 to $1,999,999 59 53 - 10.2% 53 39 - 26.4% 47 53 + 12.8% 33 39 + 18.2%$2,000,000 to $2,499,999 38 43 + 13.2% 29 30 + 3.4% 35 43 + 22.9% 25 30 + 20.0%$2,500,000 to $4,999,999 117 103 - 12.0% 84 59 - 29.8% 95 103 + 8.4% 58 59 + 1.7%$5,000,000 to $9,999,999 64 55 - 14.1% 42 35 - 16.7% 46 55 + 19.6% 37 35 - 5.4%$10,000,000 and Above 26 21 - 19.2% 10 10 0.0% 20 21 + 5.0% 7 10 + 42.9%All Price Ranges 603 541 - 10.3% 602 512 - 15.0% 480 541 + 12.7% 472 512 + 8.5%

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


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.

365 351206

104 51 28 69 15 5207

389205

106 62 34 73 36 4

< $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 7-2013 7-2014

- 43.3%

617 5771,194

522 5941,116

Singe Family Townhouse-Condo All Properties

By Property Type 7-2013 7-2014

+ 10.8% - 0.5% + 1.9% + 21.6% + 21.4% + 5.8% + 140.0% - 20.0% - 15.4% + 2.9% - 6.5%

81217 237

148 112 67201

1063663

207 222113 92 73

16290 31

< $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 7-2013 7-2014

- 22.2%

603 6021,205

541 5121,053

Singe Family Townhouse-Condo All Properties

By Property Type 7-2013 7-2014

- 4.6% - 6.3% - 23.6% - 17.9% + 9.0% - 19.4% - 15.1% - 13.9% - 10.3% - 15.0% - 12.6%

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Glossary of Terms

New Listings

Pending Sales

Closed Sales

Median Sales Price

Average Sales Price

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index


Months Supply of Inventory


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.

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.

Team Black Bear

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july 2014 market reports

Documents

percent change ytd

percent changes

single familyduplex

percent annual rate

townhousecondo properties

inclosed sales

single familyduplex

townhousecondo units