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www.TeamBlackBear.com [email protected] 970.337.7777
Vail Valley / Eagle County
Market Repor t
Sept em ber 2014 - YTD
September 2014 Monthly Snapshot
One-Year Change in One-Year Change in
Closed Sales All Properties
Active ListingsAll Properties
2
Monthly Indicators
+ 12.3% - 19.2% - 27.5%One-Year Change inMarkets across the nation seem to be back on the recovery track after a brief
pause. One of the more encouraging aspects of this renewed recovery is that new construction of single-family homes reached six-year highs in August, according to the U.S. Commerce Department. Consumers are also finding more listings in their search results than they have in years. Inventory is rising in many neighborhoods as higher prices have motivated more sellers to list.
New Listings were down 8.8 percent for single family/duplex homes but increased 12 5 percent for townhouse-condo properties Pending Sales
Median Sales PriceAll Properties
Residential real estate activity in Vail Board of REALTORS® MLS, comprised of single-family properties, townhomes and condominiums.. Percent changes are calculated using rounded figures.
Single Family/Duplex Activity Overview 23456789
10111213141516
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.
Townhouse-Condo Activity Overview
Days on Market Until SaleHousing Affordability IndexInventory of Active ListingsMonths Supply of InventoryAll Properties Activity Overview
New ListingsPending SalesClosed SalesMedian Sales PriceAverage Sales PricePercent of List Price Received
Glossary of Terms
increased 12.5 percent for townhouse-condo properties. Pending Sales increased 13.2 percent for single family/duplex homes and 12.1 percent for townhouse-condo properties.
The Median Sales Price was down 1.0 percent to $772,000 for single family/duplex homes and 8.7 percent to $377,500 for townhouse-condo properties. Months Supply of Inventory increased 2.8 percent for single family/duplex units but decreased 30.7 percent for townhouse-condo units.
The departure of investors from the scene should benefit first-time homebuyers, but student debt and sluggish wage growth have slowed that transition. The economy is growing, but it's growing at a slower pace than desired. Thankfully, inflation remains tame, partly enabling the Federal Reserve to keep rates low for longer, contrary to the forecasts of most economists.
Single Family/Duplex Activity Overview
Closed Sales and Inventory by Price Range
Single Family/Duplex Activity Overview
Key Metrics Historical Sparkbars 9-2013 9-2014 Percent Change YTD 2013 YTD 2014 Percent Change
A S l P i $ $ $ $
- 10.0%
Median Sales Price $780,000 $772,000 - 1.0% $571,125 $603,750 + 5.7%
Closed Sales 54 54 0.0% 411 370
696 - 5.2%
Pending Sales 53 60 + 13.2% 443 419 - 5.4%
734
Key metrics for Single Family properties by report month and for year-to-date (YTD) starting from the first of the year.
New Listings 57 52 - 8.8%
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
`
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 2
--
Months Supply 10.9 11.2 + 2.8% -- -- --
Active Listings 543 479 - 11.8% -- --
- 0.6%
Affordability Index 43 44 + 2.3% 58 56 - 3.4%
Days on Market 257 190 - 26.1% 165 164
+ 32.4%
Pct. of List Price Received 95.1% 94.0% - 1.2% 95.6% 95.4% - 0.2%
Avg. Sales Price $1,396,172 $1,640,748 + 17.5% $967,784 $1,281,384
9 2011 9 2012 9 2013 9 2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
Townhouse-Condo Activity Overview
Key Metrics Historical Sparkbars 9-2013 9-2014 Percent Change YTD 2013 YTD 2014 Percent Change
Key metrics for Townhouse-Condo properties by report month and for year-to-date (YTD) starting from the first of the year.
New Listings 48 54 + 12.5% 652 + 3.3%
Pending Sales 66 74 + 12.1% 446 523 + 17.3%
631
Closed Sales 60 74 + 23.3% 398 450 + 13.1%
+ 16.2%
$
Median Sales Price $413,500 $377,500 - 8.7% $414,000 $481,250
A S l P i $ $ $
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
$957,811 + 22.1%Avg. Sales Price $866,646 $772,149 - 10.9% $784,288
+ 0.6%
Days on Market 185 168 - 9.2% 207 190 - 8.2%
Pct. of List Price Received 94.3% 96.2% + 2.0% 94.8% 95.4%
- 12.3%
Active Listings 541 397 - 26.6% -- -- --
Affordability Index 81 90 + 11.1% 81 71
--
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 3
Months Supply 11.4 7.9 - 30.7% -- --
9 2011 9 2012 9 2013 9 2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
New Listings
New ListingsSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 62 +29.2% 53 -10.2%
Nov-2013 40 -24.5% 49 -21.0%
Dec-2013 33 -37.7% 66 0.0%
Jan-2014 57 +7.5% 53 -3.6%
Feb-2014 35 -48.5% 55 0.0%
Mar-2014 67 +17.5% 74 +17.5%
Apr-2014 77 +16.7% 72 +53.2%
May-2014 99 +12.5% 91 +24.7%
Jun-2014 141 -4.1% 112 -3.4%
Jul-2014 89 -29.4% 89 -6.3%
Aug-2014 79 +9.7% 52 -34.2%
Sep-2014 52 -8.8% 54 +12.5%
12-Month Avg 69 -6.4% 68 +0.2%
A count of the properties that have been newly listed on the market in a given month.
47
5657
4852
54
September
708659
734
631
696652
Year to Date
2012 2013 2014
+ 12 5%- 14 3%8 8%+ 21 3% 4 2%5 2%+ 3 7% + 3 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
14 5% + 0 7% + 1 2%- 5 1%12 Month Avg 69 6.4% 68 +0.2%
Historical New Listings by Month
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Single Family/Duplex Townhouse-Condo
25
50
75
100
125
150
175
200
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
+ 12.5%- 14.3%- 8.8%+ 21.3% - 4.2%- 5.2%+ 3.7% + 3.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
- 14.5% + 0.7% + 1.2%- 5.1%
Pending Sales
Pending SalesSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 37 -42.2% 45 -23.7%
Nov-2013 38 -2.6% 30 -11.8%
Dec-2013 22 -26.7% 30 -16.7%
Jan-2014 38 -7.3% 49 +19.5%
Feb-2014 37 -9.8% 47 +34.3%
Mar-2014 49 -22.2% 50 +4.2%
Apr-2014 42 -16.0% 70 +79.5%
May-2014 36 +20.0% 35 -32.7%
Jun-2014 43 -10.4% 40 +14.3%
Jul-2014 59 +22.9% 71 +7.6%
Aug-2014 55 -20.3% 87 +35.9%
Sep-2014 60 +13.2% 74 +12.1%
12-Month Avg 43 -10.4% 52 +9.2%
A count of the properties on which offers have been accepted in a given month.
59
4853
6660
74
September
468 462443 446
419
523
Year to Date
2012 2013 2014
+ 12 1%+ 37 5%+ 13 2%10 2% 3 5%5 4%5 3% + 17 3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 40 5% + 44 0% + 28 0%+ 9 1%12 Month Avg 43 10.4% 52 +9.2%
Historical Pending Sales by Month
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Single Family/Duplex Townhouse-Condo
0
20
40
60
80
100
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
+ 12.1%+ 37.5%+ 13.2%- 10.2% - 3.5%- 5.4%- 5.3% + 17.3%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 40.5% + 44.0% + 28.0%+ 9.1%
Closed Sales
Closed SalesSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 57 -16.2% 72 -1.4%
Nov-2013 42 -31.1% 42 -10.6%
Dec-2013 45 -21.1% 39 -20.4%
Jan-2014 25 +8.7% 30 -3.2%
Feb-2014 30 -16.7% 33 +3.1%
Mar-2014 28 -24.3% 51 +45.7%
Apr-2014 47 -11.3% 51 +21.4%
May-2014 45 -22.4% 59 +15.7%
Jun-2014 46 +9.5% 44 +10.0%
Jul-2014 44 -8.3% 49 +16.7%
Aug-2014 51 -15.0% 59 -9.2%
Sep-2014 54 0.0% 74 +23.3%
12-Month Avg 43 -13.9% 50 +6.3%
A count of the actual sales that closed in a given month.
7369
5460
54
74
September
403423411 398
370
450
Year to Date
2012 2013 2014
+ 23 3%- 13 0%0 0%26 0% 5 9%10 0%+ 2 0% + 13 1%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 55 3% + 42 4% + 19 5%+ 56 8%12 Month Avg 43 13.9% 50 +6.3%
Historical Closed Sales by Month
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Single Family/Duplex Townhouse-Condo
0
20
40
60
80
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
+ 23.3%- 13.0%0.0%- 26.0% - 5.9%- 10.0%+ 2.0% + 13.1%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 55.3% + 42.4% + 19.5%+ 56.8%
Median Sales Price
Median Sales PriceSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 $710,000 +37.2% $450,000 +30.4%
Nov-2013 $722,000 +31.3% $435,000 +22.5%
Dec-2013 $595,000 -6.3% $425,300 -6.5%
Jan-2014 $545,000 +75.8% $817,500 +107.0%
Feb-2014 $873,750 +18.6% $875,000 +127.9%
Mar-2014 $761,000 +24.2% $585,000 +14.3%
Apr-2014 $744,000 +31.7% $755,000 +11.9%
May-2014 $585,000 +1.4% $500,000 +51.5%
Jun-2014 $535,500 +16.7% $366,250 +16.9%
Jul-2014 $557,500 +3.4% $427,000 +2.6%
Aug-2014 $455,000 -0.1% $450,000 0.0%
Sep-2014 $772,000 -1.0% $377,500 -8.7%
12-Month Avg* $630,057 +11.5% $470,000 +19.0%
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
$635,000
$367,000
$780,000
$413,500
$772,000
$377,500
September
$535,000
$367,000
$571,125
$414,000
$603,750
$481,250
Year to Date
2012 2013 2014
- 8 7%+ 12 7%1 0%+ 22 8% + 12 8%+ 5 7%+ 6 8% + 16 2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 2 4% + 5 5% 13 6%- 5 4%12 Month Avg $630,057 +11.5% $470,000 +19.0%
Historical Median Sales Price by Month* Median Sales Price for all properties from October 2013 through September 2014. This is not the average of the individual figures above.
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Single Family/Duplex Townhouse-Condo
$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
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
- 8.7%+ 12.7%- 1.0%+ 22.8% + 12.8%+ 5.7%+ 6.8% + 16.2%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 2.4% + 5.5% - 13.6%- 5.4%
Average Sales Price
Avg. Sales PriceSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 $1,346,206 +56.0% $722,328 -10.7%
Nov-2013 $1,406,825 +15.0% $1,017,538 +31.3%
Dec-2013 $1,253,751 +16.6% $878,973 -10.1%
Jan-2014 $1,205,468 +85.0% $1,390,563 +113.2%
Feb-2014 $1,098,540 -27.4% $1,201,270 +28.4%
Mar-2014 $1,482,573 +78.0% $849,114 -8.4%
Apr-2014 $2,160,310 +157.1% $1,492,858 +51.2%
May-2014 $1,239,178 +9.3% $1,097,950 +75.4%
Jun-2014 $1,048,943 +33.1% $720,431 +37.2%
Jul-2014 $848,849 -5.9% $906,673 +58.7%
Aug-2014 $745,265 +26.3% $545,277 -40.1%
Sep-2014 $1,640,748 +17.5% $772,149 -10.9%
12-Month Avg* $1,296,403 +30.7% $928,754 +15.6%
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
$1,115,634
$658,105
$1,396,172
$866,646
$1,640,748
$772,149
September
$1,184,763
$779,594
$967,784
$784,288
$1,281,384
$957,811
Year to Date
2012 2013 2014
- 10 9%+ 31 7%+ 17 5%+ 25 1% + 0 6%+ 32 4%18 3% + 22 1%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 27 3% + 13 3% 15 7%- 4 6%12 Month Avg $1,296,403 +30.7% $928,754 +15.6%
Historical Average Sales Price by Month* Avg. Sales Price for all properties from October 2013 through September 2014. This is not the average of the individual figures above.
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Single Family/Duplex Townhouse-Condo
$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
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
- 10.9%+ 31.7%+ 17.5%+ 25.1% + 0.6%+ 32.4%- 18.3% + 22.1%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 27.3% + 13.3% - 15.7%- 4.6%
Percent of List Price Received
Pct. of List Price Received
SingleFamily/Duplex
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Oct-2013 95.5% +1.8% 94.1% +0.2%
Nov-2013 95.6% +2.1% 95.3% +0.8%
Dec-2013 95.0% +1.6% 95.9% -0.2%
Jan-2014 95.9% -0.6% 94.3% -1.4%
Feb-2014 94.2% +0.7% 94.0% -1.5%
Mar-2014 96.2% -0.1% 94.9% -0.1%
Apr-2014 95.0% +0.6% 93.5% -0.7%
May-2014 96.4% -0.4% 95.6% +0.3%
Jun-2014 95.9% +0.4% 95.9% +0.8%
Jul-2014 95.4% +0.7% 96.3% +1.5%
Aug-2014 96.2% -0.8% 96.5% +2.7%
Sep-2014 94.0% -1.2% 96.2% +2.0%
12-Month Avg* 95.4% +0.4% 95.3% +0.6%
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
94.1% 93.9%95.1% 94.3%94.0% 96.2%
September
93.6% 93.8%95.6% 94.8%95.4% 95.4%
Year to Date
2012 2013 2014
+ 2 0%+ 0 4%1 2%+ 1 1% + 1 1%0 2%+ 2 1% + 0 6%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 1 5% + 0 9% + 1 0%+ 1 5%12 Month Avg 95.4% +0.4% 95.3% +0.6%
Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from October 2013 through September 2014. This is not the average of the individual figures above.
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Single Family/Duplex Townhouse-Condo
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
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
+ 2.0%+ 0.4%- 1.2%+ 1.1% + 1.1%- 0.2%+ 2.1% + 0.6%
2012 2013 2014 2012 2013 2014 2012 2013 2014
+ 1.5% + 0.9% + 1.0%+ 1.5%
Days on Market Until Sale
Days on MarketSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 140 -15.2% 203 -3.8%
Nov-2013 173 +9.5% 213 +5.4%
Dec-2013 135 -32.2% 277 +18.9%
Jan-2014 152 -18.7% 197 +28.8%
Feb-2014 239 +22.6% 182 +16.7%
Mar-2014 180 +100.0% 341 +11.8%
Apr-2014 206 -6.8% 243 +1.7%
May-2014 200 +21.2% 158 -7.1%
Jun-2014 116 -1.7% 169 -17.2%
Jul-2014 110 -17.3% 141 -30.9%
Aug-2014 110 -0.9% 131 -44.3%
Sep-2014 190 -26.1% 168 -9.2%
12-Month Avg* 168 -4.8% 209 -4.8%
Average number of days between when a property is listed and when an offer is accepted in a given month.
169
196
257
185190168
September
181
212
165
207
164
190
Year to Date
2012 2013 2014
- 9 2%- 5 6%- 26 1%+ 52 1% 2 4%- 0 6%- 8 8% 8 2%2012 2013 2014 2012 2013 2014 2012 2013 2014
- 21 8% 19 2% 6 6%- 20 3%12 Month Avg 168 4.8% 209 4.8%
Historical Days on Market Until Sale by Month* Days on Market for all properties from October 2013 through September 2014. This is not the average of the individual figures above.
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Single Family/Duplex Townhouse-Condo
0
100
200
300
400
500
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
Single Family/Duplex Townhouse-Condo
2012 2013 2014
- 9.2%- 5.6%- 26.1%+ 52.1% - 2.4%- 0.6%- 8.8% - 8.2%2012 2013 2014 2012 2013 2014 2012 2013 2014
- 21.8% - 19.2% - 6.6%- 20.3%
Housing Affordability Index
Affordability IndexSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 47 -33.8% 74 -30.2%
Nov-2013 49 -26.9% 81 -22.1%
Dec-2013 57 -3.4% 79 -3.7%
Jan-2014 61 -48.3% 40 -57.0%
Feb-2014 38 -22.4% 38 -59.1%
Mar-2014 44 -24.1% 57 -18.6%
Apr-2014 45 -29.7% 44 -18.5%
May-2014 59 -3.3% 69 -34.9%
Jun-2014 64 -11.1% 94 -11.3%
Jul-2014 61 -1.6% 80 0.0%
Aug-2014 75 +4.2% 76 +4.1%
Sep-2014 44 +2.3% 90 +11.1%
12-Month Avg* 54 -33.6% 66 +3.2%
This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
58
101
43
81
44
90
September
2012 2013 2014
+ 11 1%19 8%+ 2 3%25 9%2012 2013 2014
+ 5 5% + 14 8%
69
101
58
81
56
71
Year to Date
12 3%- 19 8%3 4%15 9%+ 1 5% + 24 7%2012 2013 2014 2012 2013 2014 12 Month Avg 54 33.6% 66 +3.2%
Historical Housing Affordability Index by Month* Affordability Index for all properties from October 2013 through September 2014. This is not the average of the individual figures above.
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Single Family/Duplex Townhouse-Condo
0
20
40
60
80
100
120
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
2012 2013 2014
+ 11.1%- 19.8%+ 2.3%- 25.9%2012 2013 2014
+ 5.5% + 14.8%
Single Family/Duplex Townhouse-Condo
- 12.3%- 19.8%- 3.4%- 15.9%+ 1.5% + 24.7%2012 2013 2014 2012 2013 2014
Inventory of Active Listings
Active ListingsSingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 535 -3.4% 507 -19.1%
Nov-2013 504 -6.5% 500 -20.4%
Dec-2013 469 -6.9% 495 -17.9%
Jan-2014 461 -4.2% 487 -15.9%
Feb-2014 444 -9.2% 481 -17.2%
Mar-2014 447 -3.5% 491 -15.1%
Apr-2014 450 -1.3% 457 -14.6%
May-2014 489 +3.4% 481 -9.6%
Jun-2014 551 +0.5% 527 -10.4%
Jul-2014 559 -7.3% 529 -12.3%
Aug-2014 556 -4.0% 467 -21.2%
Sep-2014 479 -11.8% 397 -26.6%
12-Month Avg 495 -4.6% 485 -16.7%
The number of properties available for sale in active status at the end of a given month.
623665
543 541479
397
September
2012 2013 201426 6%18 6%11 8%12 8%
2012 2013 2014
14 0% 18 5%12 Month Avg 495 4.6% 485 16.7%
Historical Inventory of Active Listings by Month
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Single Family/Duplex Townhouse-Condo
200
400
600
800
1,000
1,200
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
2012 2013 2014- 26.6%- 18.6%- 11.8%- 12.8%
2012 2013 2014
- 14.0% - 18.5%
Months Supply of Inventory
Months SupplySingle
Family/DuplexYear-Over-Year
ChangeTownhouse-
CondoYear-Over-Year
Change
Oct-2013 11.0 -9.8% 10.7 -16.4%
Nov-2013 10.7 -7.0% 10.7 -16.4%
Dec-2013 10.1 -1.9% 10.8 -11.5%
Jan-2014 9.9 0.0% 10.6 -10.2%
Feb-2014 9.7 -2.0% 10.5 -11.8%
Mar-2014 9.9 +6.5% 10.4 -14.0%
Apr-2014 10.1 +13.5% 9.5 -16.7%
May-2014 11.2 +19.1% 9.9 -10.0%
Jun-2014 12.5 +14.7% 10.8 -12.2%
Jul-2014 12.8 +9.4% 10.7 -14.4%
Aug-2014 13.0 +15.0% 9.5 -23.4%
Sep-2014 11.2 +2.8% 7.9 -30.7%
12-Month Avg 11.0 +4.7% 10.2 -15.7%
The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.
14.2 14.4
10.9 11.411.2
7.9
September
2012 2013 201430 7%20 8%2 8%23 2%
2012 2013 2014
36 9% 29 4%12 Month Avg 11.0 +4.7% 10.2 15.7%
Historical Months Supply of Inventory by Month* Months Supply for all properties from October 2013 through September 2014. This is not the average of the individual figures above.
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13
Single Family/Duplex Townhouse-Condo
0.0
10.0
20.0
30.0
40.0
50.0
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Single Family/Duplex Townhouse-Condo
2012 2013 2014- 30.7%- 20.8%+ 2.8%- 23.2%
2012 2013 2014
- 36.9% - 29.4%
All Properties Activity Overview
Key Metrics Historical Sparkbars 9-2013 9-2014 Percent Change YTD 2013 YTD 2014 Percent Change
Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year.
New Listings 105 106 + 1.0% 1,348 - 1.2%
Pending Sales 119 134 + 12.6% 889 942 + 6.0%
1,365
Closed Sales 114 128 + 12.3% 809 820 + 1.4%
+ 7.8%
$
Median Sales Price $652,000 $472,500 - 27.5% $510,000 $549,950
A S l P i $ $ $
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
$1,103,813 + 25.8%Avg. Sales Price $1,117,474 $1,138,589 + 1.9% $877,510
+ 0.2%
Days on Market 219 177 - 19.2% 185 178 - 3.8%
Pct. of List Price Received 94.7% 95.2% + 0.5% 95.2% 95.4%
- 5.5%
Active Listings 1,084 876 - 19.2% -- -- --
Affordability Index 51 72 + 40.6% 65 62
--
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14
Months Supply 11.2 9.4 - 16.1% -- --
9 2011 9 2012 9 2013 9 2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
9-2011 9-2012 9-2013 9-2014
Closed Sales
By Price Range 9-2013 9-2014 Change 9-2013 9-2014 Change 8-2014 9-2014 Change 8-2014 9-2014 Change YTD 2013 YTD 2014 Change YTD 2013 YTD 2014 Change$299,999 and Below 132 75 - 43.2% 187 132 - 29.4% 10 7 - 30.0% 11 15 + 36.4% 91 56 - 38.5% 123 99 - 19.5%$300,000 to $599,999 184 172 - 6.5% 172 227 + 32.0% 14 14 0.0% 25 35 + 40.0% 122 126 + 3.3% 122 162 + 32.8%$600,000 to $999,999 127 100 - 21.3% 90 101 + 12.2% 7 9 + 28.6% 8 14 + 75.0% 91 73 - 19.8% 68 73 + 7.4%$1,000,000 to $1,499,999 58 52 - 10.3% 46 50 + 8.7% 1 7 + 600.0% 3 3 0.0% 42 38 - 9.5% 34 42 + 23.5%$1,500,00 to $1,999,999 34 31 - 8.8% 24 28 + 16.7% 5 7 + 40.0% 3 3 0.0% 27 21 - 22.2% 21 22 + 4.8%$2,000,000 to $2,499,999 16 21 + 31.3% 10 17 + 70.0% 1 3 + 200.0% 2 0 - 100.0% 9 11 + 22.2% 8 14 + 75.0%$2,500,000 to $4,999,999 32 42 + 31.3% 30 32 + 6.7% 6 4 - 33.3% 4 2 - 50.0% 20 31 + 55.0% 17 28 + 64.7%$5,000,000 to $9,999,999 11 16 + 45.5% 7 16 + 128.6% 1 2 + 100.0% 3 2 - 33.3% 8 10 + 25.0% 5 10 + 100.0%$10,000,000 and Above 3 5 + 66.7% 1 0 - 100.0% 0 1 -- 0 0 -- 1 4 + 300.0% 0 0 --All Price Ranges 597 514 - 13.9% 567 603 + 6.3% 45 54 + 20.0% 59 74 + 25.4% 411 370 - 10.0% 398 450 + 13.1%
Actual sales that have closed in a given quarter.
Rolling 12 Months Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo
319 356217
104 58 26 62 18 4
207
399
201102 59 38 74 32 5
< $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+
By Price Range – All Properties – Rolling 12 Months 9-2013 9-2014
- 35.1%
597 5671,164
514 6031,117
Singe Family Townhouse-Condo All Properties
By Property Type 9-2013 9-2014
+ 12.1% - 7.4% - 1.9% + 1.7% + 46.2% + 19.4% + 77.8% + 25.0% - 13.9% + 6.3% - 4.0%
Inventory of Active Listings
By Price Range 9-2013 9-2014 Change 9-2013 9-2014 Change 8-2014 9-2014 Change 8-2014 9-2014 Change$299,999 and Below 27 18 - 33.3% 42 28 - 33.3% 23 18 - 21.7% 43 28 - 34.9%$300,000 to $599,999 63 59 - 6.3% 126 91 - 27.8% 67 59 - 11.9% 153 91 - 40.5%$600,000 to $999,999 109 95 - 12.8% 110 77 - 30.0% 93 95 + 2.2% 82 77 - 6.1%$1,000,000 to $1,499,999 74 55 - 25.7% 63 49 - 22.2% 60 55 - 8.3% 42 49 + 16.7%$1,500,00 to $1,999,999 49 52 + 6.1% 44 33 - 25.0% 47 52 + 10.6% 34 33 - 2.9%$2,000,000 to $2,499,999 38 38 0.0% 27 26 - 3.7% 35 38 + 8.6% 25 26 + 4.0%$2,500,000 to $4,999,999 101 92 - 8.9% 83 53 - 36.1% 97 92 - 5.2% 58 53 - 8.6%$5,000,000 to $9,999,999 55 51 - 7.3% 38 33 - 13.2% 46 51 + 10.9% 37 33 - 10.8%$10,000,000 and Above 27 19 - 29.6% 8 7 - 12.5% 21 19 - 9.5% 7 7 0.0%All Price Ranges 543 479 - 11.8% 541 397 - 26.6% 489 479 - 2.0% 481 397 - 17.5%
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 15
A measure of the number of homes available for sale at a given time.
Year over Year Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo
There are no year-to-date figures for inventory because it is simply a
snapshot frozen in time at the end of each month. It does not add up over a
period of months.
69189 219
137 93 65184
933546
150 172104 85 64
14584
26
< $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+
By Price Range – All Properties 9-2013 9-2014
- 33.3%
543 5411,084
479 397876
Singe Family Townhouse-Condo All Properties
By Property Type 9-2013 9-2014
- 20.6% - 21.5% - 24.1% - 8.6% - 1.5% - 21.2% - 9.7% - 25.7% - 11.8% - 26.6% - 19.2%
Glossary of Terms
New Listings
Pending Sales
Closed Sales
Median Sales Price
Average Sales Price
A research tool provided by the Colorado Association of REALTORS®
A measure of how much new supply is coming onto the market from sellers (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).
A count of all the listings that went into Pending during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand.
A measure of home sales that were closed to completion during the report period.
A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.
A sum of all home sales prices divided by total number of sales.
Percent of List Price Received
Days on Market Until Sale
Housing Affordability Index
Inventory of Active Listings
Months Supply of Inventory
Current as of October 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 16
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.