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Vail Valley / Eagle County

Market Repor t

2013 Year End

December 2013 Monthly Snapshot

One-Year Change in One-Year Change in

Closed Sales All Properties

Active ListingsAll Properties

23456789

101112131415

Click on desired metric to jump to that page.

Monthly Indicators

- 21.7% - 19.9% - 0.9%One-Year Change inOverall 2013 proved to be a good year for housing. Home sales and prices were

better than the previous year in Colorado and across much of the nation. Foreclosures in Colorado continued to decline, along with the number of homes for sale and the number of days it took to sell a home were also lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and market segment, but the proverbial glass appeared to be more than half full throughout the year.

New Listings were down 37.7 percent for single family/duplex homes and 1.5 percent for townhouse-condo properties. Pending Sales decreased 13.3 percent for single family/duplex homes and 13.9 percent for townhouse-condo properties.

The Median Sales Price was down 7.2 percent to $589,000 for single family/duplex homes and 6.5 percent to $425,300 for townhouse-condo properties. Months Supply of Inventory decreased 10.8 percent for single family/duplex units and 17.2 percent for townhouse-condo units.

Housing is fortified by confident consumers and good jobs. 2013 was marked by a slowly improving labor market and a stock market up nearly 30 percent from this time last year. Interest rates remain low (but moving up and prices are still affordable). It's no wonder that buyers were active in 2013. Here's to more of the same in 2014.

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

Glossary of Terms

Current as of January 10, 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

Single Family/Duplex Activity Overview

Key Metrics Historical Sparkbars 12-2012 12-2013 Percent Change YTD 2012 YTD 2013 Percent Change

`

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

New Listings 53 33 - 37.7% 873 + 1.3%

Pending Sales 30 26 - 13.3% 601 552 - 8.2%

862

- 5.8%

Median Sales Price $635,000 $589,000 - 7.2% $545,000 $597,000 + 9.5%

Closed Sales 57 44 - 22.8% 589 555

- 6.8%

Pct. of List Price Received 93.5% 94.9% + 1.5% 93.6% 95.4% + 1.9%

Average Sales Price $1,075,356 $1,268,154 + 17.9% $1,141,029 $1,063,860

- 10.1%

Affordability Index 67 64 - 4.5% 77 63 - 18.2%

Days on Market 199 138 - 30.7% 179 161

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

--

Months Supply 10.2 9.1 - 10.8% -- -- --

Active Listings 502 423 - 15.7% -- --

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

Townhouse-Condo Activity Overview

Key Metrics Historical Sparkbars 12-2012 12-2013 Percent Change YTD 2012 YTD 2013 Percent Change

--

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 3

Months Supply 12.2 10.1 - 17.2% -- --

- 20.9%

Active Listings 603 462 - 23.4% -- -- --

Affordability Index 91 87 - 4.4% 110 87

+ 0.7%

Days on Market 233 277 + 18.9% 213 213 0.0%

Pct. of List Price Received 96.1% 95.9% - 0.2% 94.1% 94.8%

$801,938 + 0.3%

Median Sales Price $455,000 $425,300 - 6.5% $368,000 $422,250

Average Sales Price $977,653 $878,973 - 10.1% $799,205

550 - 7.1%

+ 14.7%

Closed Sales 49 39 - 20.4% 592

798 - 5.8%

Pending Sales 36 31 - 13.9% 591 555 - 6.1%

847

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

New Listings 67 66 - 1.5%

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

New Listings

New ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 53 -26.4% 55 -29.5%

Feb-2013 68 +30.8% 55 -32.9%

Mar-2013 58 -33.3% 62 +14.8%

Apr-2013 67 +9.8% 47 -9.6%

May-2013 88 -5.4% 73 -18.9%

Jun-2013 148 +27.6% 116 +27.5%

Jul-2013 126 +32.6% 96 +12.9%

Aug-2013 72 -15.3% 79 +11.3%

Sep-2013 57 +21.3% 48 -14.3%

Oct-2013 63 +31.3% 52 -11.9%

Nov-2013 40 -24.5% 49 -21.0%

Dec-2013 33 -37.7% 66 -1.5%

12-Month Avg 73 +1.3% 67 -5.8%

Historical New Listings by Month

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 4

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

75

93

53

67

33

66

Single Family/Duplex Townhouse-Condo

December

25

50

75

100

125

150

175

200

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

Single Family/Duplex Townhouse-Condo

901 886 862 847 873 798

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 1.5% - 28.0% - 37.7% - 29.3% - 4.4% + 1.3% - 4.3% - 5.8%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 13.6% - 3.9% - 15.4% - 51.3%

Pending Sales

Pending SalesSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 42 +2.4% 41 -18.0%

Feb-2013 41 +20.6% 35 -20.5%

Mar-2013 63 +31.3% 48 -15.8%

Apr-2013 51 -8.9% 39 -2.5%

May-2013 30 -33.3% 52 +6.1%

Jun-2013 49 +6.5% 35 -10.3%

Jul-2013 49 -21.0% 67 0.0%

Aug-2013 69 -10.4% 64 -5.9%

Sep-2013 53 -10.2% 66 +37.5%

Oct-2013 37 -42.2% 46 -22.0%

Nov-2013 42 +7.7% 31 -8.8%

Dec-2013 26 -13.3% 31 -13.9%

12-Month Avg 46 -8.2% 46 -6.1%

Historical Pending Sales by Month

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

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 5

25

29 30

36

26

31

Single Family/Duplex Townhouse-Condo

December

0

20

40

60

80

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

Single Family/Duplex Townhouse-Condo

418

482

601 591 552 555

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 13.9% + 24.1% - 13.3% + 20.0% + 22.6% - 8.2% + 43.8% - 6.1%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 10.7% + 10.0% + 2.8% - 42.0%

Closed Sales

Closed SalesSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 23 -14.8% 31 -6.1%

Feb-2013 36 +24.1% 32 -11.1%

Mar-2013 38 +11.8% 35 -25.5%

Apr-2013 53 +55.9% 42 -22.2%

May-2013 58 -13.4% 51 +45.7%

Jun-2013 42 0.0% 40 -4.8%

Jul-2013 48 +33.3% 42 +2.4%

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% 41 -12.8%

Dec-2013 44 -22.8% 39 -20.4%

12-Month Avg 46 -5.8% 46 -7.1%

Historical Closed Sales by Month

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

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

29

47

57

49

44

39

Single Family/Duplex Townhouse-Condo

December

0

20

40

60

80

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

Single Family/Duplex Townhouse-Condo

408

484

589 592 555 550

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 20.4% + 4.3% - 22.8% + 96.6% + 22.3% - 5.8% + 44.4% - 7.1%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 3.3% + 10.6% - 0.4% + 27.0%

Median Sales Price

Median Sales PriceSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 $310,000 -47.5% $395,000 -34.2%

Feb-2013 $736,500 +36.4% $384,000 -0.9%

Mar-2013 $612,500 -0.4% $512,000 +55.6%

Apr-2013 $565,000 +30.6% $675,000 +74.2%

May-2013 $577,000 +7.3% $330,000 -21.4%

Jun-2013 $459,000 -6.3% $313,250 -2.2%

Jul-2013 $539,000 -3.3% $416,250 +30.1%

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 $589,000 -7.2% $425,300 -6.5%

12-Month Avg* $597,000 +9.5% $422,250 +14.7%

Historical Median Sales Price by Month

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

* Median Sales Price for all properties from January 2013 through December 2013. This is not the average of the individual figures above.

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 7

$755,000

$424,000

$635,000

$455,000

$589,000

$425,300

Single Family/Duplex Townhouse-Condo

December

$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

Single Family/Duplex Townhouse-Condo

$550,000

$424,000

$545,000

$368,000

$597,000

$422,250

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 6.5% + 7.3% - 7.2% - 15.9% - 13.2% + 9.5% - 0.9% + 14.7%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 2.4% - 29.0% - 27.5% + 17.8%

Average Sales Price

Average Sales Price

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo

Year-Over-YearChange

Jan-2013 $651,761 -47.9% $652,204 -53.3%

Feb-2013 $1,513,347 +40.3% $935,489 -4.8%

Mar-2013 $832,750 -55.5% $927,314 +22.3%

Apr-2013 $840,334 -29.7% $987,096 +18.0%

May-2013 $1,133,591 -9.5% $625,845 -27.6%

Jun-2013 $788,201 -32.4% $525,095 -20.2%

Jul-2013 $902,062 +9.6% $571,362 -20.0%

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% $1,039,795 +34.2%

Dec-2013 $1,268,154 +17.9% $878,973 -10.1%

12-Month Avg* $1,063,860 -6.8% $801,938 +0.3%

Historical Average Sales Price by Month

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

* Average Sales Price for all properties from January 2013 through December 2013. This is not the average of the individual figures above.

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 8

$1,554,462

$778,324

$1,075,356 $977,653

$1,268,154

$878,973

Single Family/Duplex Townhouse-Condo

December

$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

Single Family/Duplex Townhouse-Condo

$1,133,374

$896,007

$1,141,029

$799,205

$1,063,860

$801,938

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 10.1% + 25.6% + 17.9% - 30.8% - 10.8% - 6.8% + 0.7% + 0.3%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 0.0% - 19.7% - 28.1% - 30.5%

Percent of List Price Received

Pct. of List Price Received

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo

Year-Over-YearChange

Jan-2013 96.5% +1.9% 95.6% +2.9%

Feb-2013 93.5% -0.8% 95.4% +1.7%

Mar-2013 94.0% +4.6% 95.0% +0.7%

Apr-2013 94.4% +2.2% 94.2% +1.1%

May-2013 96.8% +3.0% 95.3% +1.5%

Jun-2013 95.5% +2.6% 95.1% -0.5%

Jul-2013 94.7% +0.2% 94.9% +1.7%

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% 95.2% +0.7%

Dec-2013 94.9% +1.5% 95.9% -0.2%

12-Month Avg* 95.4% +1.9% 94.8% +0.8%

Historical Percent of List Price Received by Month

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.

* Pct. of List Price Received for all properties from January 2013 through December 2013. This is not the average of the individual figures above.

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 9

90.8% 90.6% 93.5% 96.1% 94.9% 95.9%

Single Family/Duplex Townhouse-Condo

December

70.0%

75.0%

80.0%

85.0%

90.0%

95.0%

100.0%

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

Single Family/Duplex Townhouse-Condo

92.5% 92.5% 93.6% 94.1% 95.4% 94.8%

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 0.2% + 6.1% + 1.5% + 3.0% + 1.7% + 1.9% + 1.2% + 0.7%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 1.3% + 2.2% + 7.1% - 0.1%

Days on Market Until Sale

Days on MarketSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 187 -3.6% 153 -28.2%

Feb-2013 195 -27.2% 156 -11.4%

Mar-2013 98 -52.7% 305 +58.9%

Apr-2013 221 +15.1% 239 -23.4%

May-2013 165 -20.3% 170 -36.3%

Jun-2013 118 -41.3% 204 +9.7%

Jul-2013 133 -1.5% 204 +6.8%

Aug-2013 111 -1.8% 241 +34.6%

Sep-2013 257 +52.1% 185 -5.6%

Oct-2013 140 -15.2% 203 -3.8%

Nov-2013 173 +9.5% 218 +7.9%

Dec-2013 138 -30.7% 277 +18.9%

12-Month Avg* 179 -9.7% 213 +0.1%

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 January 2013 through December 2013. This is not the average of the individual figures above.

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

222 231

199

233

138

277

Single Family/Duplex Townhouse-Condo

December

0

100

200

300

400

500

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

Single Family/Duplex Townhouse-Condo

230 228

179

213

161

213

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

+ 18.9% + 0.9% - 30.7% - 10.4% - 6.6% - 10.1% - 22.2% 0.0% 2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 7.2% - 1.7% - 18.6% + 22.2%

Housing Affordability Index

Affordability IndexSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 126 +90.9% 101 +55.4%

Feb-2013 56 -23.3% 101 +2.0%

Mar-2013 66 +3.1% 78 -31.0%

Apr-2013 72 -20.0% 61 -38.4%

May-2013 68 -9.3% 114 +21.3%

Jun-2013 79 -3.7% 112 -6.7%

Jul-2013 69 -5.5% 87 -28.7%

Aug-2013 79 -18.6% 80 -25.9%

Sep-2013 49 -25.8% 88 -19.3%

Oct-2013 53 -32.9% 82 -28.7%

Nov-2013 56 -25.3% 89 -20.5%

Dec-2013 64 -4.5% 87 -4.4%

12-Month Avg* 70 -15.3% 76 -16.3%

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.

* Affordability Index for all properties from January 2013 through December 2013. This is not the average of the individual figures above.

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 11

52

89

67

91

64

87

Single Family/Duplex Townhouse-Condo

December

0

20

40

60

80

100

120

140

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

Single Family/Duplex Townhouse-Condo

2011 2012 2013

- 4.4% + 2.2% - 4.5% + 28.8% 2011 2012 2013

+ 10.6% - 6.3%

70

89

77

110

63

87

Single Family/Duplex Townhouse-Condo

Year to Date

- 20.9% + 23.6% - 18.2% + 10.0% + 48.9% + 45.9% 2011 2012 2013 2011 2012 2013

Inventory of Active Listings

Active ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 478 -24.6% 579 -24.5%

Feb-2013 486 -23.7% 581 -26.2%

Mar-2013 461 -29.9% 576 -24.2%

Apr-2013 452 -26.7% 533 -23.7%

May-2013 468 -27.6% 529 -25.2%

Jun-2013 539 -21.5% 585 -20.1%

Jul-2013 590 -15.0% 600 -15.6%

Aug-2013 564 -16.4% 588 -14.7%

Sep-2013 525 -15.7% 531 -20.2%

Oct-2013 511 -7.8% 490 -21.9%

Nov-2013 468 -12.8% 479 -23.7%

Dec-2013 423 -15.7% 462 -23.4%

12-Month Avg 497 -20.1% 544 -22.0%

Historical Inventory of Active Listings by Month

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

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 12

646

774

502

603

423 462

Single Family/Duplex Townhouse-Condo

December

400

500

600

700

800

900

1,000

1,100

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

Single Family/Duplex Townhouse-Condo

2011 2012 2013 - 23.4% - 22.1% - 15.7% - 22.3%

2011 2012 2013

- 10.0% - 9.2%

Months Supply of Inventory

Months SupplySingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Jan-2013 9.8 -47.0% 11.8 -37.2%

Feb-2013 9.9 -45.6% 11.9 -40.5%

Mar-2013 9.3 -50.3% 12.0 -39.1%

Apr-2013 8.8 -50.3% 11.4 -34.5%

May-2013 9.3 -45.9% 11.0 -38.5%

Jun-2013 10.7 -39.2% 12.2 -31.8%

Jul-2013 11.5 -34.3% 12.5 -26.0%

Aug-2013 11.0 -31.7% 12.3 -21.7%

Sep-2013 10.5 -26.1% 11.2 -22.2%

Oct-2013 10.4 -14.8% 10.4 -18.8%

Nov-2013 9.9 -13.9% 10.3 -19.5%

Dec-2013 9.1 -10.8% 10.1 -17.2%

12-Month Avg 10.0 -36.6% 11.4 -30.3%

Historical Months Supply of Inventory by Month

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.

* Months Supply for all properties from January 2013 through December 2013. This is not the average of the individual figures above.

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13

19.0 19.2

10.2 12.2

9.1 10.1

Single Family/Duplex Townhouse-Condo

December

0.0

10.0

20.0

30.0

40.0

50.0

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

Single Family/Duplex Townhouse-Condo

2011 2012 2013 - 17.2% - 36.5% - 10.8% - 46.3%

2011 2012 2013

- 18.5% - 8.6%

All Properties Activity Overview

Key Metrics Historical Sparkbars 12-2012 12-2013 Percent Change YTD 2012 YTD 2013 Percent Change

--

Current as of January 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14

Months Supply 11.2 9.6 - 14.3% -- --

- 25.8%

Active Listings 1,105 885 - 19.9% -- -- --

Affordability Index 76 68 - 9.4% 96 72

+ 1.4%

Days on Market 215 203 - 5.6% 196 187 - 4.6%

Pct. of List Price Received 94.7% 95.4% + 0.7% 93.8% 95.1%

$933,373 - 3.7%

Median Sales Price $555,000 $550,000 - 0.9% $426,000 $525,000

Average Sales Price $1,030,192 $1,085,286 + 5.3% $969,683

1,105 - 6.4%

+ 23.2%

Closed Sales 106 83 - 21.7% 1,181

1,671 - 2.2%

Pending Sales 66 57 - 13.6% 1,192 1,107 - 7.1%

1,709

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

New Listings 120 99 - 17.5%

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

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

Inventory of Active Listings

Months Supply of Inventory

Current as of July 12, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13

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.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 9 6 - 33.3% 42 42 0.0%

Sold Listings 9 9 0.0% 32 29 - 9.4%

Median Sales Price* $1,465,000 $1,792,464 + 22.4% $1,962,500 $1,780,000 - 9.3%

Average Sales Price* $1,745,212 $2,096,357 + 20.1% $2,447,231 $1,957,335 - 20.0%

Percent of List Price Received* 91.4% 92.8% + 1.5% 90.8% 91.7% + 1.0%

Days on Market Until Sale 309 148 - 52.1% 336 254 - 24.4%

Inventory of Homes for Sale 33 24 - 27.3% -- -- --

Months Supply of Inventory 11.3 9.9 - 12.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 9 6 - 33.3% 31 37 + 19.4%

Sold Listings 6 4 - 33.3% 15 19 + 26.7%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Arrowhead

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 6 4 33.3% 15 19 + 26.7%

Median Sales Price* $617,500 $731,250 + 18.4% $620,000 $600,000 - 3.2%

Average Sales Price* $756,167 $856,875 + 13.3% $869,300 $932,279 + 7.2%

Percent of List Price Received* 92.1% 95.9% + 4.1% 90.4% 91.8% + 1.5%

Days on Market Until Sale 262 227 - 13.4% 473 256 - 45.9%

Inventory of Homes for Sale 28 24 - 14.3% -- -- --

Months Supply of Inventory 14.9 13.9 - 6.7% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Arrowhead — Entire MLS — Entire MLS —

Arrowhead —

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 9 6 - 33.3% 48 32 - 33.3%

Sold Listings 7 8 + 14.3% 27 23 - 14.8%

Median Sales Price* $6,275,000 $5,675,000 - 9.6% $4,300,000 $4,600,000 + 7.0%

Average Sales Price* $6,177,857 $5,448,750 - 11.8% $5,146,056 $4,913,261 - 4.5%

Percent of List Price Received* 89.9% 91.7% + 2.0% 93.2% 92.6% - 0.6%

Days on Market Until Sale 293 261 - 10.9% 249 399 + 60.2%

Inventory of Homes for Sale 48 41 - 14.6% -- -- --

Months Supply of Inventory 21.3 16.0 - 24.9% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 40 44 + 10.0% 150 127 - 15.3%

Sold Listings 21 21 0.0% 81 78 - 3.7%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Beaver Creek/Bachelor Gulch

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 21 21 0.0% 81 78 3.7%

Median Sales Price* $1,090,000 $930,000 - 14.7% $1,100,000 $1,212,500 + 10.2%

Average Sales Price* $1,825,847 $1,173,776 - 35.7% $1,735,219 $1,375,453 - 20.7%

Percent of List Price Received* 91.2% 93.2% + 2.2% 91.8% 93.3% + 1.6%

Days on Market Until Sale 357 384 + 7.6% 287 337 + 17.4%

Inventory of Homes for Sale 141 118 - 16.3% -- -- --

Months Supply of Inventory 20.9 18.2 - 12.9% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Beaver Creek/Bachelor Gulch — Entire MLS — Entire MLS —

Beaver Creek/Bachelor Gulch —

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 6 7 + 16.7% 67 93 + 38.8%

Sold Listings 6 12 + 100.0% 25 45 + 80.0%

Median Sales Price* $1,350,000 $1,692,500 + 25.4% $1,280,000 $1,285,000 + 0.4%

Average Sales Price* $1,438,708 $1,888,000 + 31.2% $1,524,270 $1,523,955 - 0.0%

Percent of List Price Received* 90.6% 92.6% + 2.2% 90.4% 90.5% + 0.1%

Days on Market Until Sale 104 229 + 120.2% 302 287 - 5.0%

Inventory of Homes for Sale 64 61 - 4.7% -- -- --

Months Supply of Inventory 25.6 16.3 - 36.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 1 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Cordillera

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 1 0 - 100.0% -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Cordillera — Entire MLS — Entire MLS —

Cordillera —

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 1 5 + 400.0% 20 25 + 25.0%

Sold Listings 3 1 - 66.7% 14 17 + 21.4%

Median Sales Price* $138,000 $157,900 + 14.4% $129,000 $157,000 + 21.7%

Average Sales Price* $132,500 $157,900 + 19.2% $131,704 $170,059 + 29.1%

Percent of List Price Received* 95.4% 100.0% + 4.8% 98.2% 97.5% - 0.7%

Days on Market Until Sale 31 22 - 29.0% 78 197 + 152.6%

Inventory of Homes for Sale 12 12 0.0% -- -- --

Months Supply of Inventory 7.7 7.1 - 7.8% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Dotsero/Sweetwater

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Dotsero/Sweetwater — Entire MLS — Entire MLS —

Dotsero/Sweetwater —

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 23 10 - 56.5% 90 65 - 27.8%

Sold Listings 25 9 - 64.0% 67 54 - 19.4%

Median Sales Price* $335,000 $417,000 + 24.5% $307,000 $351,625 + 14.5%

Average Sales Price* $448,718 $413,417 - 7.9% $365,442 $400,660 + 9.6%

Percent of List Price Received* 96.8% 98.1% + 1.3% 96.5% 97.3% + 0.8%

Days on Market Until Sale 90 39 - 56.7% 95 62 - 34.7%

Inventory of Homes for Sale 23 14 - 39.1% -- -- --

Months Supply of Inventory 4.1 3.1 - 24.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 3 2 - 33.3% 43 27 - 37.2%

Sold Listings 8 2 - 75.0% 34 19 - 44.1%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Eagle

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 8 2 75.0% 34 19 44.1%

Median Sales Price* $208,200 $252,500 + 21.3% $165,500 $197,500 + 19.3%

Average Sales Price* $217,363 $252,500 + 16.2% $167,285 $235,233 + 40.6%

Percent of List Price Received* 100.6% 100.0% - 0.6% 97.4% 97.7% + 0.3%

Days on Market Until Sale 34 55 + 61.8% 63 67 + 6.3%

Inventory of Homes for Sale 8 9 + 12.5% -- -- --

Months Supply of Inventory 2.8 4.3 + 53.6% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Eagle — Entire MLS — Entire MLS —

Eagle —

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 8 15 + 87.5% 68 74 + 8.8%

Sold Listings 17 17 0.0% 54 54 0.0%

Median Sales Price* $575,000 $555,000 - 3.5% $550,000 $557,500 + 1.4%

Average Sales Price* $593,741 $584,118 - 1.6% $539,933 $604,400 + 11.9%

Percent of List Price Received* 93.7% 96.4% + 2.9% 94.6% 96.3% + 1.8%

Days on Market Until Sale 152 128 - 15.8% 158 138 - 12.7%

Inventory of Homes for Sale 28 27 - 3.6% -- -- --

Months Supply of Inventory 6.2 6.0 - 3.2% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 5 6 + 20.0% 12 19 + 58.3%

Sold Listings 2 2 0.0% 13 13 0.0%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Eagle Ranch

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 2 2 0.0% 13 13 0.0%

Median Sales Price* $190,000 $240,750 + 26.7% $205,000 $235,000 + 14.6%

Average Sales Price* $190,000 $240,750 + 26.7% $206,654 $224,862 + 8.8%

Percent of List Price Received* 95.1% 94.8% - 0.3% 97.0% 95.3% - 1.8%

Days on Market Until Sale 141 28 - 80.1% 167 54 - 67.7%

Inventory of Homes for Sale 5 8 + 60.0% -- -- --

Months Supply of Inventory 2.7 4.9 + 81.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Eagle Ranch — Entire MLS — Entire MLS —

Eagle Ranch —

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 10 3 - 70.0% 52 45 - 13.5%

Sold Listings 15 9 - 40.0% 38 30 - 21.1%

Median Sales Price* $485,000 $560,000 + 15.5% $440,000 $560,000 + 27.3%

Average Sales Price* $593,233 $570,722 - 3.8% $511,162 $571,133 + 11.7%

Percent of List Price Received* 95.5% 96.3% + 0.8% 95.3% 96.8% + 1.6%

Days on Market Until Sale 171 107 - 37.4% 121 108 - 10.7%

Inventory of Homes for Sale 19 8 - 57.9% -- -- --

Months Supply of Inventory 6.0 2.7 - 55.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 37 32 - 13.5% 183 176 - 3.8%

Sold Listings 39 31 - 20.5% 128 128 0.0%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Eagle-Vail & Avon

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 39 31 20.5% 128 128 0.0%

Median Sales Price* $265,000 $319,000 + 20.4% $249,000 $290,625 + 16.7%

Average Sales Price* $282,351 $343,665 + 21.7% $287,064 $357,615 + 24.6%

Percent of List Price Received* 96.7% 96.6% - 0.1% 95.4% 95.7% + 0.3%

Days on Market Until Sale 135 156 + 15.6% 152 184 + 21.1%

Inventory of Homes for Sale 95 72 - 24.2% -- -- --

Months Supply of Inventory 8.9 6.8 - 23.6% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Eagle-Vail & Avon — Entire MLS — Entire MLS —

Eagle-Vail & Avon —

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 14 8 - 42.9% 53 45 - 15.1%

Sold Listings 9 8 - 11.1% 24 19 - 20.8%

Median Sales Price* $1,300,000 $1,918,250 + 47.6% $1,900,000 $1,700,000 - 10.5%

Average Sales Price* $1,603,379 $1,744,563 + 8.8% $2,036,788 $1,633,079 - 19.8%

Percent of List Price Received* 87.3% 93.2% + 6.8% 88.0% 93.9% + 6.7%

Days on Market Until Sale 255 115 - 54.9% 382 129 - 66.2%

Inventory of Homes for Sale 43 36 - 16.3% -- -- --

Months Supply of Inventory 21.5 17.1 - 20.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 14 13 - 7.1% 75 88 + 17.3%

Sold Listings 21 22 + 4.8% 60 70 + 16.7%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

East Vail

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 21 22 + 4.8% 60 70 + 16.7%

Median Sales Price* $395,000 $384,000 - 2.8% $397,500 $413,500 + 4.0%

Average Sales Price* $490,348 $456,686 - 6.9% $483,227 $510,382 + 5.6%

Percent of List Price Received* 93.8% 95.7% + 2.0% 93.8% 95.3% + 1.6%

Days on Market Until Sale 299 90 - 69.9% 229 122 - 46.7%

Inventory of Homes for Sale 33 23 - 30.3% -- -- --

Months Supply of Inventory 6.6 3.9 - 40.9% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

East Vail — Entire MLS — Entire MLS —

East Vail —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 4 8 + 100.0% 63 76 + 20.6%

Sold Listings 14 10 - 28.6% 32 41 + 28.1%

Median Sales Price* $616,250 $832,700 + 35.1% $643,750 $715,000 + 11.1%

Average Sales Price* $1,121,250 $1,048,040 - 6.5% $919,356 $1,030,251 + 12.1%

Percent of List Price Received* 92.3% 94.4% + 2.3% 92.2% 93.1% + 1.0%

Days on Market Until Sale 145 310 + 113.8% 160 230 + 43.8%

Inventory of Homes for Sale 45 36 - 20.0% -- -- --

Months Supply of Inventory 15.5 9.7 - 37.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 5 14 + 180.0% 65 75 + 15.4%

Sold Listings 16 18 + 12.5% 52 51 - 1.9%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Edwards

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 16 18 + 12.5% 52 51 1.9%

Median Sales Price* $298,500 $310,500 + 4.0% $255,750 $340,000 + 32.9%

Average Sales Price* $295,797 $316,133 + 6.9% $280,189 $361,231 + 28.9%

Percent of List Price Received* 94.4% 96.5% + 2.2% 95.2% 96.4% + 1.3%

Days on Market Until Sale 135 331 + 145.2% 88 182 + 106.8%

Inventory of Homes for Sale 23 14 - 39.1% -- -- --

Months Supply of Inventory 5.3 3.3 - 37.7% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Edwards — Entire MLS — Entire MLS —

Edwards —

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$1,100,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 23 18 - 21.7% 114 114 0.0%

Sold Listings 27 21 - 22.2% 105 93 - 11.4%

Median Sales Price* $239,900 $315,900 + 31.7% $249,000 $268,000 + 7.6%

Average Sales Price* $259,095 $341,506 + 31.8% $267,620 $295,584 + 10.4%

Percent of List Price Received* 97.6% 98.6% + 1.0% 97.7% 100.1% + 2.5%

Days on Market Until Sale 101 49 - 51.5% 94 48 - 48.9%

Inventory of Homes for Sale 26 24 - 7.7% -- -- --

Months Supply of Inventory 3.0 3.1 + 3.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 5 1 - 80.0% 26 9 - 65.4%

Sold Listings 7 2 - 71.4% 29 10 - 65.5%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Gypsum

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 7 2 71.4% 29 10 65.5%

Median Sales Price* $108,000 $129,240 + 19.7% $100,000 $120,300 + 20.3%

Average Sales Price* $111,286 $129,240 + 16.1% $102,997 $125,659 + 22.0%

Percent of List Price Received* 98.9% 93.8% - 5.2% 95.9% 100.2% + 4.5%

Days on Market Until Sale 45 50 + 11.1% 48 25 - 47.9%

Inventory of Homes for Sale 2 1 - 50.0% -- -- --

Months Supply of Inventory 0.8 0.7 - 12.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Gypsum — Entire MLS — Entire MLS —

Gypsum —

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 4 3 - 25.0% 17 22 + 29.4%

Sold Listings 2 2 0.0% 5 13 + 160.0%

Median Sales Price* $492,500 $782,500 + 58.9% $325,000 $415,000 + 27.7%

Average Sales Price* $492,500 $782,500 + 58.9% $432,000 $531,577 + 23.1%

Percent of List Price Received* 81.6% 93.9% + 15.1% 86.4% 96.0% + 11.1%

Days on Market Until Sale 250 198 - 20.8% 181 123 - 32.0%

Inventory of Homes for Sale 13 15 + 15.4% -- -- --

Months Supply of Inventory 10.4 6.9 - 33.7% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 4 4 0.0%

Sold Listings 0 2 -- 3 3 0.0%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Minturn and Red Cliff#N/A

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 2 3 3 0.0%

Median Sales Price* $0 $455,150 -- $340,000 $425,300 + 25.1%

Average Sales Price* $0 $455,150 -- $351,333 $438,433 + 24.8%

Percent of List Price Received* 0.0% 95.1% -- 96.9% 95.1% - 1.9%

Days on Market Until Sale 0 106 -- 157 75 - 52.2%

Inventory of Homes for Sale 1 1 0.0% -- -- --

Months Supply of Inventory 1.0 0.7 - 30.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Minturn and Red Cliff — Entire MLS — Entire MLS —

Minturn and Red Cliff —

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 1 -- 1 4 + 300.0%

Sold Listings 2 0 - 100.0% 4 0 - 100.0%

Median Sales Price* $2,700,000 $0 - 100.0% $3,825,000 $0 - 100.0%

Average Sales Price* $2,700,000 $0 - 100.0% $4,012,500 $0 - 100.0%

Percent of List Price Received* 87.9% 0.0% - 100.0% 82.5% 0.0% - 100.0%

Days on Market Until Sale 401 0 - 100.0% 357 0 - 100.0%

Inventory of Homes for Sale 3 5 + 66.7% -- -- --

Months Supply of Inventory 2.3 0.0 - 100.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Mountain Star

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Mountain Star — Entire MLS — Entire MLS —

Mountain Star —

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 1 0 - 100.0% 3 2 - 33.3%

Sold Listings 1 0 - 100.0% 1 3 + 200.0%

Median Sales Price* $300,000 $0 - 100.0% $300,000 $310,000 + 3.3%

Average Sales Price* $300,000 $0 - 100.0% $300,000 $486,667 + 62.2%

Percent of List Price Received* 75.9% 0.0% - 100.0% 75.9% 78.1% + 2.9%

Days on Market Until Sale 555 0 - 100.0% 555 170 - 69.4%

Inventory of Homes for Sale 4 3 - 25.0% -- -- --

Months Supply of Inventory 4.0 2.0 - 50.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

NW Eagle County

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

NW Eagle County — Entire MLS — Entire MLS —

NW Eagle County —

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 1 0 - 100.0% 12 4 - 66.7%

Sold Listings 4 0 - 100.0% 11 2 - 81.8%

Median Sales Price* $1,171,250 $0 - 100.0% $950,000 $1,200,000 + 26.3%

Average Sales Price* $1,204,250 $0 - 100.0% $1,198,783 $1,200,000 + 0.1%

Percent of List Price Received* 89.6% 0.0% - 100.0% 92.7% 89.9% - 3.0%

Days on Market Until Sale 191 0 - 100.0% 165 28 - 83.0%

Inventory of Homes for Sale 5 3 - 40.0% -- -- --

Months Supply of Inventory 1.4 3.0 + 114.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 8 5 - 37.5% 45 42 - 6.7%

Sold Listings 9 5 - 44.4% 35 26 - 25.7%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Sandstone

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 9 5 44.4% 35 26 25.7%

Median Sales Price* $375,000 $380,000 + 1.3% $430,000 $395,000 - 8.1%

Average Sales Price* $392,722 $474,400 + 20.8% $487,050 $495,180 + 1.7%

Percent of List Price Received* 93.8% 94.0% + 0.2% 94.1% 95.7% + 1.7%

Days on Market Until Sale 194 41 - 78.9% 242 96 - 60.3%

Inventory of Homes for Sale 19 13 - 31.6% -- -- --

Months Supply of Inventory 5.4 5.0 - 7.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Sandstone — Entire MLS — Entire MLS —

Sandstone —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Singletree

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Singletree — Entire MLS — Entire MLS —

Singletree —

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 25 24 - 4.0% 101 100 - 1.0%

Sold Listings 23 17 - 26.1% 60 43 - 28.3%

Median Sales Price* $1,300,000 $1,865,000 + 43.5% $1,442,705 $1,700,000 + 17.8%

Average Sales Price* $1,849,561 $2,383,618 + 28.9% $2,600,200 $2,388,221 - 8.2%

Percent of List Price Received* 89.3% 93.8% + 5.0% 89.1% 93.6% + 5.1%

Days on Market Until Sale 236 172 - 27.1% 314 197 - 37.3%

Inventory of Homes for Sale 79 74 - 6.3% -- -- --

Months Supply of Inventory 15.8 20.7 + 31.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 78 51 - 34.6% 300 275 - 8.3%

Sold Listings 64 59 - 7.8% 209 199 - 4.8%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Town of Vail

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 64 59 7.8% 209 199 4.8%

Median Sales Price* $573,750 $545,000 - 5.0% $579,000 $600,000 + 3.6%

Average Sales Price* $1,231,622 $1,276,095 + 3.6% $1,149,506 $1,127,987 - 1.9%

Percent of List Price Received* 93.9% 93.7% - 0.2% 93.2% 94.1% + 1.0%

Days on Market Until Sale 284 212 - 25.4% 284 231 - 18.7%

Inventory of Homes for Sale 279 196 - 29.7% -- -- --

Months Supply of Inventory 16.0 11.8 - 26.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Town of Vail — Entire MLS — Entire MLS —

Town of Vail —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 7 5 - 28.6% 14 13 - 7.1%

Sold Listings 3 2 - 33.3% 11 7 - 36.4%

Median Sales Price* $4,060,000 $7,300,000 + 79.8% $7,500,000 $6,200,000 - 17.3%

Average Sales Price* $5,136,667 $7,300,000 + 42.1% $7,212,727 $6,907,143 - 4.2%

Percent of List Price Received* 88.6% 94.9% + 7.1% 85.1% 94.3% + 10.8%

Days on Market Until Sale 383 575 + 50.1% 437 347 - 20.6%

Inventory of Homes for Sale 17 16 - 5.9% -- -- --

Months Supply of Inventory 10.8 13.7 + 26.9% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 51 32 - 37.3% 145 117 - 19.3%

Sold Listings 25 24 - 4.0% 82 78 - 4.9%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Vail Village and Lionshead#N/A

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 25 24 4.0% 82 78 4.9%

Median Sales Price* $1,775,000 $1,420,500 - 20.0% $1,785,000 $1,353,000 - 24.2%

Average Sales Price* $2,463,340 $2,464,125 + 0.0% $2,223,364 $2,104,968 - 5.3%

Percent of List Price Received* 92.7% 91.6% - 1.2% 91.8% 92.2% + 0.4%

Days on Market Until Sale 375 391 + 4.3% 389 402 + 3.3%

Inventory of Homes for Sale 216 156 - 27.8% -- -- --

Months Supply of Inventory 31.6 24.0 - 24.1% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Vail Village and Lionshead — Entire MLS — Entire MLS —

Vail Village and Lionshead —

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 3 11 + 266.7% 22 38 + 72.7%

Sold Listings 7 7 0.0% 14 15 + 7.1%

Median Sales Price* $865,000 $1,820,000 + 110.4% $905,000 $1,200,000 + 32.6%

Average Sales Price* $1,126,071 $1,709,286 + 51.8% $1,043,036 $1,394,333 + 33.7%

Percent of List Price Received* 92.1% 94.3% + 2.4% 91.2% 93.4% + 2.4%

Days on Market Until Sale 173 121 - 30.1% 216 236 + 9.3%

Inventory of Homes for Sale 14 19 + 35.7% -- -- --

Months Supply of Inventory 6.0 11.4 + 90.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 5 1 - 80.0% 35 28 - 20.0%

Sold Listings 9 8 - 11.1% 32 25 - 21.9%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

West Vail

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 9 8 11.1% 32 25 21.9%

Median Sales Price* $350,000 $464,000 + 32.6% $358,500 $480,000 + 33.9%

Average Sales Price* $378,722 $466,438 + 23.2% $371,578 $467,220 + 25.7%

Percent of List Price Received* 97.5% 94.5% - 3.1% 94.7% 94.8% + 0.1%

Days on Market Until Sale 87 116 + 33.3% 167 139 - 16.8%

Inventory of Homes for Sale 11 4 - 63.6% -- -- --

Months Supply of Inventory 4.1 1.6 - 61.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

West Vail — Entire MLS — Entire MLS —

West Vail —

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 6 6 0.0% 35 34 - 2.9%

Sold Listings 7 2 - 71.4% 28 20 - 28.6%

Median Sales Price* $620,000 $632,500 + 2.0% $630,000 $635,000 + 0.8%

Average Sales Price* $569,571 $632,500 + 11.0% $661,625 $727,075 + 9.9%

Percent of List Price Received* 95.1% 94.4% - 0.7% 88.2% 95.6% + 8.4%

Days on Market Until Sale 215 99 - 54.0% 216 127 - 41.2%

Inventory of Homes for Sale 17 17 0.0% -- -- --

Months Supply of Inventory 7.3 7.7 + 5.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 1 6 + 500.0% 14 26 + 85.7%

Sold Listings 2 4 + 100.0% 11 15 + 36.4%

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Wildridge/Wildwood

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 2 4 + 100.0% 11 15 + 36.4%

Median Sales Price* $292,625 $388,000 + 32.6% $310,000 $390,000 + 25.8%

Average Sales Price* $292,625 $385,250 + 31.7% $329,705 $432,350 + 31.1%

Percent of List Price Received* 92.8% 97.1% + 4.6% 95.1% 96.1% + 1.1%

Days on Market Until Sale 187 61 - 67.4% 203 66 - 67.5%

Inventory of Homes for Sale 8 10 + 25.0% -- -- --

Months Supply of Inventory 7.3 5.3 - 27.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Wildridge/Wildwood — Entire MLS — Entire MLS —

Wildridge/Wildwood —

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 2 3 + 50.0% 12 10 - 16.7%

Sold Listings 7 1 - 85.7% 13 5 - 61.5%

Median Sales Price* $775,000 $650,000 - 16.1% $775,000 $949,000 + 22.5%

Average Sales Price* $1,112,500 $650,000 - 41.6% $1,072,462 $1,020,300 - 4.9%

Percent of List Price Received* 88.0% 93.5% + 6.3% 91.6% 92.9% + 1.4%

Days on Market Until Sale 245 75 - 69.4% 225 400 + 77.8%

Inventory of Homes for Sale 13 8 - 38.5% -- -- --

Months Supply of Inventory 9.0 6.4 - 28.9% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 4-2013A Research Tool Provided by the Colorado Association of REALTORS®

Wolcott

Quarter 4 Year to Date

Quarter 4 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

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

Wolcott — Entire MLS — Entire MLS —

Wolcott —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

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