Vail Valley / Eagle County
Market Report February 2015
Monthly Indicators February 2015 There has been talk of abundant cold and snow this winter (unless you happen to live in California!). When weather patterns turn bad, like wicked bad, real estate industry pundits tend to go gloom, assuming that Americans hungry for homeownership are bothered by a little frozen precipitation. The nation will unfreeze, inventory is expected to rise and home sales are widely expected to increase. These are good times, indeed, and many of us now have an enchanting shared experience that we can walk uphill to school both ways. New Listings were up 20.0 percent for single family/duplex homes but decreased 14.8 percent for townhouse-condo properties. Pending Sales decreased 2.6 percent for single family/duplex homes and 4.3 percent for townhouse-condo properties. The Median Sales Price was up 28.3 percent to $1,121,250 for single family/duplex homes but decreased 23.7 percent to $808,750 for townhousecondo properties. Months Supply of Inventory increased 2.0 percent for single family/duplex units but decreased 21.7 percent for townhouse-condo units. In national financial news, rumors that Fannie Mae and Freddie Mac could one day be a thing of the past have people wondering about the future of the 30year fixed-rate mortgage. But let's not sound the alarm just yet. A drastic change to lending's gold standard is certainly not on the immediate horizon. Meanwhile, Federal Reserve Chair Janet Yellen seems to have no immediate interest in raising interest rates for the first time since 2006. The economy remains stable, which should keep housing rolling through the short-named months.
Monthly Snapshot - 3.3%
- 6.4%
- 13.3%
One-Year Change in Closed Sales All Properties
One-Year Change in Active Listings All Properties
One-Year Change in Median Sales Price All Properties
Residential real estate activity in Vail Board of REALTORS速 MLS, comprised of single-family properties, townhomes and condominiums.. Percent changes are calculated using rounded figures.
Single Family/Duplex Activity Overview Townhouse-Condo Activity Overview 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 All Properties Activity Overview Closed Sales and Inventory by Price Range Glossary of Terms
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing.
Single Family/Duplex Activity Overview Key metrics for Single Family properties by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 2-2012
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
Days on Market
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
+ 23.9%
38
37
- 2.6%
76
80
+ 5.3%
30
27
- 10.0%
55
50
- 9.1%
$873,750 $1,121,250
+ 28.3%
$750,000
$948,125
+ 26.4%
$1,098,540 $1,558,564
+ 41.9%
$1,147,144 $1,703,410
+ 48.5%
94.2%
95.8%
+ 1.7%
95.0%
94.4%
- 0.6%
239
261
+ 9.2%
200
225
+ 12.5%
38
32
- 15.8%
45
38
- 15.6%
442
426
- 3.6%
--
--
--
9.8
10.0
+ 2.0%
--
--
--
2-2015
Months Supply 2-2012
114
2-2015
Active Listings 2-2012
92
2-2015
Affordability Index 2-2012
+ 20.0%
2-2015
` 2-2012
42
2-2015
Pct. of List Price Received 2-2012
35
Percent Change
2-2015
Avg. Sales Price 2-2012
YTD 2014 YTD 2015
2-2015
Median Sales Price 2-2012
Percent Change
2-2015
Closed Sales 2-2012
2-2015
2-2015
Pending Sales 2-2012
2-2014
2-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 2
Townhouse-Condo Activity Overview Key metrics for Townhouse-Condo properties by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 2-2012
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
+ 10.3%
46
44
- 4.3%
94
86
- 8.5%
31
32
+ 3.2%
60
70
+ 16.7%
$1,060,000 $808,750
- 23.7%
$857,500
$862,500
+ 0.6%
$1,246,674 $1,159,522
- 7.0%
$1,325,980 $1,219,209
- 8.1%
93.9%
95.3%
+ 1.5%
94.1%
95.3%
+ 1.3%
192
210
+ 9.4%
197
186
- 5.6%
32
44
+ 37.5%
39
41
+ 5.1%
481
439
- 8.7%
--
--
--
10.6
8.3
- 21.7%
--
--
--
2-2015
Months Supply 2-2012
118
2-2015
Active Listings 2-2012
107
2-2015
Affordability Index 2-2012
- 14.8%
2-2015
Days on Market 2-2012
46
2-2015
Pct. of List Price Received 2-2012
54
Percent Change
2-2015
Avg. Sales Price 2-2012
YTD 2014 YTD 2015
2-2015
Median Sales Price 2-2012
Percent Change
2-2015
Closed Sales 2-2012
2-2015
2-2015
Pending Sales 2-2012
2-2014
2-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
February
119
68 55
54
114
118 109
107
92 46
42 35
2013
2014
+ 33.3% - 48.5%
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 20.0%
- 32.9%
- 1.8%
- 14.8%
- 3.3%
- 22.7%
+ 23.9%
- 31.9%
- 1.8%
+ 10.3%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
New Listings
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
67
+19.6%
72
+16.1%
Apr-2014
77
+18.5%
72
+56.5%
May-2014
99
+13.8%
87
+20.8%
Jun-2014
141
-2.8%
110
-5.2%
Jul-2014
89
-28.8%
89
-5.3%
Aug-2014
79
+11.3%
52
-33.3%
Sep-2014
52
-5.5%
55
+17.0%
Oct-2014
61
-1.6%
64
+25.5%
Nov-2014
48
+20.0%
57
+18.8%
Dec-2014
40
+25.0%
103
+56.1%
Jan-2015
72
+26.3%
72
+35.8%
Feb-2015
42
+20.0%
46
-14.8%
12-Month Avg
72
+4.5%
73
+11.7%
Townhouse-Condo
Historical New Listings by Month
Single Family/Duplex
Townhouse-Condo
200
175
150
125
100
75
50
25 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
February 46
94 44
86 81
41 38
37
76
80
76
35
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 24.2%
- 7.3%
- 2.6%
- 20.5%
+ 31.4%
- 4.3%
+ 9.5%
- 6.2%
+ 5.3%
- 18.3%
+ 23.7%
- 8.5%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Mar-2014
49
-19.7%
48
+2.1%
Apr-2014
42
-14.3%
70
+79.5%
May-2014
36
+24.1%
34
-33.3%
Jun-2014
43
-8.5%
39
+11.4%
Jul-2014
59
+22.9%
70
+7.7%
Aug-2014
54
-20.6%
84
+33.3%
Sep-2014
51
0.0%
69
+4.5%
Oct-2014
49
+32.4%
52
+15.6%
Nov-2014
34
-5.6%
36
+24.1%
Dec-2014
21
-4.5%
46
+53.3%
Jan-2015
43
+13.2%
42
-12.5%
Feb-2015
37
-2.6%
44
-4.3%
12-Month Avg
43
-1.1%
53
+12.4%
Pending Sales
Year-Over-Year Change
Townhouse-Condo
Historical Pending Sales by Month
Single Family/Duplex
Townhouse-Condo
90
80
70
60
50
40
30
20 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 5
Closed Sales A count of the actual sales that closed in a given month.
Year to Date
February 36
70 32
31
30
32
63 59
27
2013
2014
+ 24.1% - 16.7%
60
55 50
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 10.0%
- 11.1%
- 3.1%
+ 3.2%
+ 5.4%
- 6.8%
- 9.1%
- 7.4%
- 4.8%
+ 16.7%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Closed Sales
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
28
-20.0%
51
+45.7%
Apr-2014
47
-7.8%
50
+22.0%
May-2014
45
-21.1%
57
+11.8%
Jun-2014
46
+12.2%
43
+10.3%
Jul-2014
44
-6.4%
49
+19.5%
Aug-2014
51
-13.6%
60
-7.7%
Sep-2014
54
0.0%
78
+30.0%
Oct-2014
55
-3.5%
78
+9.9%
Nov-2014
42
+5.0%
45
+7.1%
Dec-2014
49
+11.4%
55
+41.0%
Jan-2015
23
-8.0%
38
+31.0%
Feb-2015
27
-10.0%
32
+3.2%
12-Month Avg
43
-5.4%
53
+16.9%
Townhouse-Condo
Historical Closed Sales by Month
Single Family/Duplex
Townhouse-Condo
80
70
60
50
40
30
20
10 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 6
Median Sales Price Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Year to Date
February
Median Sales Price
$948,125
$1,121,250 $1,060,000
$857,500 $862,500 $750,000
$873,750 $808,750 $736,500
$625,000
$390,000 $384,000
2013
2014
2015
+ 36.4% + 18.6% + 28.3%
Single Family/Duplex
2013
- 0.9%
2014
2015
+ 176.0% - 23.7%
Townhouse-Condo
2013
+ 9.9%
2014
2015
+ 20.0% + 26.4%
Single Family/Duplex
2013
2014
2015
- 4.9% + 119.9% + 0.6%
Townhouse-Condo
Historical Median Sales Price by Month
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
$761,000
+5.0%
$585,000
+14.3%
Apr-2014
$744,000
+31.7%
$757,500
+14.8%
May-2014
$585,000
+3.7%
$500,000
+51.5%
Jun-2014
$535,500
+19.5%
$362,500
+17.9%
Jul-2014
$557,500
+4.2%
$427,000
+1.1%
Aug-2014
$455,000
0.0%
$447,000
-0.7%
Sep-2014
$772,000
-1.0%
$375,000
-9.3%
Oct-2014
$713,890
+0.5%
$452,500
+0.6%
Nov-2014
$722,500
-4.4%
$415,000
-4.6%
Dec-2014
$775,000
+27.6%
$635,000
+49.3%
Jan-2015
$926,250
+70.0%
$975,250
+17.5%
Feb-2015
$1,121,250
+28.3%
$808,750
-23.7%
$679,000
+11.5%
$496,000
+11.1%
12-Month Avg*
* Median Sales Price for all properties from March 2014 through February 2015. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
$2,000,000
$1,750,000
$1,500,000
$1,250,000
$1,000,000
$750,000
$500,000
$250,000 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
February
$1,703,410 $1,558,564
$1,513,347
$1,325,980 $1,246,674 $1,159,522
$1,219,209
$1,177,475 $1,147,144
$1,098,540 $935,489
Avg. Sales Price
Single Family/Duplex
Mar-2014
$1,482,573
+70.7%
$849,114
-8.4%
Apr-2014
$2,160,310
+151.9%
$1,516,715
+58.5%
May-2014
$1,239,178
+8.4%
$1,115,528
+78.2%
Jun-2014
$1,048,943
+32.0%
$727,651
+38.9%
Jul-2014
$848,849
-2.5%
$906,673
+56.1%
Aug-2014
$745,265
+26.8%
$540,089
-40.7%
Sep-2014
$1,640,748
+17.5%
$755,788
-12.8%
Oct-2014
$1,173,243
-12.8%
$944,467
+30.8%
Nov-2014
$1,057,551
-27.5%
$785,523
-22.8%
Dec-2014
$2,071,922
+62.7%
$1,087,566
+23.7%
Jan-2015
$1,873,446
+55.4%
$1,269,471
-10.0%
Feb-2015
$1,558,564
+41.9%
$1,159,522
-7.0%
12-Month Avg* $1,382,895
+29.4%
$949,648
+10.7%
$796,095
2013
2014
+ 40.3% - 27.4%
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 41.9%
- 4.8%
+ 33.3%
- 7.0%
+ 1.4%
- 2.6%
+ 48.5%
- 32.0%
+ 66.6%
- 8.1%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Historical Average Sales Price by Month
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
* Avg. Sales Price for all properties from March 2014 through February 2015. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 8
Percent of List Price Received 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.
Year to Date
February 93.5% 94.2% 95.8%
95.4% 93.9% 95.3%
Pct. of List Price Received
94.7% 95.0% 94.4%
95.5% 94.1% 95.3%
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 0.8%
+ 0.7%
+ 1.7%
+ 1.7%
- 1.6%
+ 1.5%
+ 0.2%
+ 0.3%
- 0.6%
+ 2.4%
- 1.5%
+ 1.3%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Historical Percent of List Price Received by Month
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
96.2%
-0.3%
94.9%
-0.1%
Apr-2014
95.0%
+0.8%
93.4%
-1.0%
May-2014
96.4%
-0.6%
95.5%
+0.2%
Jun-2014
95.9%
+0.3%
95.8%
+0.6%
Jul-2014
95.4%
+0.3%
96.3%
+1.6%
Aug-2014
96.2%
-0.8%
96.4%
+2.6%
Sep-2014
94.0%
-1.2%
96.2%
+2.0%
Oct-2014
95.7%
+0.2%
95.6%
+1.6%
Nov-2014
95.7%
+0.2%
94.9%
-0.4%
Dec-2014
94.5%
-0.4%
95.1%
-0.8%
Jan-2015
92.9%
-3.1%
95.3%
+1.2%
Feb-2015
95.8%
+1.7%
95.3%
+1.5%
12-Month Avg*
95.3%
-0.3%
95.5%
+0.9%
* Pct. of List Price Received for all properties from March 2014 through February 2015. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
100.0%
95.0%
90.0%
85.0%
80.0%
75.0%
70.0% 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | 9
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
Year to Date
February
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
180
+119.5%
341
+11.8%
Apr-2014
206
-7.2%
248
+6.0%
May-2014
200
+20.5%
162
-4.7%
Jun-2014
116
+9.4%
173
-16.8%
Jul-2014
110
-19.1%
141
-32.5%
Aug-2014
110
-2.7%
129
-45.1%
Sep-2014
190
-26.1%
174
-5.9%
Oct-2014
152
+8.6%
163
-19.7%
Nov-2014
125
-30.9%
156
-26.8%
Dec-2014
198
+44.5%
207
-25.3%
Jan-2015
182
+19.7%
166
-18.2%
Feb-2015
261
+9.2%
210
+9.4%
12-Month Avg*
161
+2.2%
217
-13.9%
Days on Market
225
261 239
192
200
197
186
210 195
192
154
156
2013
2014
- 27.2% + 22.6%
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 9.2%
- 11.4%
+ 23.1%
+ 9.4%
- 17.6%
+ 4.2%
+ 12.5%
- 21.4%
+ 27.9%
- 5.6%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Historical Days on Market Until Sale by Month
* Days on Market for all properties from March 2014 through February 2015. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
500
400
300
200
100
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 10
Housing Affordability Index 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.
February
Year to Date
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
44
-10.2%
57
-18.6%
Apr-2014
45
-29.7%
44
-20.0%
May-2014
59
-4.8%
69
-34.9%
Jun-2014
64
-13.5%
95
-12.0%
Jul-2014
61
-1.6%
80
+1.3%
Aug-2014
75
+4.2%
77
+5.5%
Sep-2014
44
+2.3%
91
+12.3%
Oct-2014
48
+2.1%
76
+2.7%
Nov-2014
48
+2.1%
84
+3.7%
Dec-2014
45
-19.6%
55
-30.4%
Jan-2015
38
-37.7%
36
-10.0%
Feb-2015
32
-15.8%
44
+37.5%
12-Month Avg*
50
-43.1%
56
-39.8%
Affordability Index
93
92
57 49
45
44 38
39
38 32
32
2013
2014
2015
2013
2014
2015
2013
- 24.6%
- 22.4%
- 15.8%
+ 2.2%
- 65.6%
+ 37.5%
- 8.1%
Single Family/Duplex
41
Townhouse-Condo
2014
- 21.1%
2015
- 15.6%
Single Family/Duplex
2013
+ 7.0%
2014
- 57.6%
2015
+ 5.1%
Townhouse-Condo
Historical Housing Affordability Index by Month
* Affordability Index for all properties from March 2014 through February 2015. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
120
100
80
60
40
20
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 11
Inventory of Active Listings The number of properties available for sale in active status at the end of a given month.
February
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
447
-3.0%
492
-14.6%
Apr-2014
451
-0.7%
458
-13.9%
May-2014
493
+4.7%
484
-8.5%
Jun-2014
555
+1.8%
530
-9.4%
Jul-2014
567
-5.3%
535
-10.8%
Aug-2014
573
-0.3%
478
-19.0%
Sep-2014
521
-3.3%
424
-21.5%
Oct-2014
481
-9.4%
408
-19.0%
Nov-2014
458
-8.8%
403
-18.9%
Dec-2014
427
-8.6%
431
-12.4%
Jan-2015
439
-4.6%
448
-7.8%
Feb-2015
426
-3.6%
439
-8.7%
12-Month Avg
487
-3.4%
461
-13.8%
Active Listings
579 486
2013 - 22.6%
481
442
426
2014 - 9.1%
2015 - 3.6%
2014 - 16.9%
2013 - 25.9%
Single Family/Duplex
439
2015 - 8.7%
Townhouse-Condo
Historical Inventory of Active Listings by Month
Single Family/Duplex
Townhouse-Condo
1,000
900
800
700
600
500
400 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 12
Months Supply of Inventory 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.
February Months Supply
11.9 10.0
10.6
10.0
9.8
8.3
2013 - 44.4%
2014 - 2.0%
2015 + 2.0%
2014 - 10.9%
2013 - 40.2%
Single Family/Duplex
2015 - 21.7%
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Mar-2014
10.1
+7.4%
10.5
-13.2%
Apr-2014
10.2
+13.3%
9.7
-14.9%
May-2014
11.4
+20.0%
10.1
-8.2%
Jun-2014
12.8
+16.4%
11.0
-10.6%
Jul-2014
13.1
+10.1%
10.9
-13.5%
Aug-2014
13.5
+18.4%
9.9
-20.2%
Sep-2014
12.2
+9.9%
8.5
-26.1%
Oct-2014
11.3
+1.8%
8.1
-25.0%
Nov-2014
10.8
-0.9%
7.9
-26.2%
Dec-2014
9.9
-3.9%
8.3
-23.1%
Jan-2015
10.2
+1.0%
8.5
-20.6%
Feb-2015
10.0
+2.0%
8.3
-21.7%
12-Month Avg
11.3
+8.0%
9.3
-18.5%
* Months Supply for all properties from March 2014 through February 2015. This is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
Single Family/Duplex
Townhouse-Condo
40.0
30.0
20.0
10.0
0.0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 13
All Properties Activity Overview Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
New Listings 2-2012
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
89
88
- 1.1%
199
232
+ 16.6%
84
81
- 3.6%
170
166
- 2.4%
61
59
- 3.3%
115
120
+ 4.3%
$940,000
$815,000
- 13.3%
$807,500
$900,625
+ 11.5%
$1,173,821 $1,342,134 2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
2-2013
2-2014
95.5%
+ 1.5%
94.5%
95.0%
+ 0.5%
215
233
+ 8.4%
198
202
+ 2.0%
36
44
+ 22.7%
41
40
- 4.6%
924
865
- 6.4%
--
--
--
10.2
9.0
- 11.8%
--
--
--
2-2015
Months Supply 2-2012
94.1%
2-2015
Active Listings 2-2012
+ 14.6%
2-2015
Affordability Index 2-2012
$1,240,450 $1,420,959
2-2015
Days on Market 2-2012
+ 14.3%
2-2015
Pct. of List Price Received 2-2012
Percent Change
2-2015
Avg. Sales Price 2-2012
YTD 2014 YTD 2015
2-2015
Median Sales Price 2-2012
Percent Change
2-2015
Closed Sales 2-2012
2-2015
2-2015
Pending Sales 2-2012
2-2014
2-2015
Current as of March 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | 14
Closed Sales Actual sales that have closed in a given quarter.
By Price Range – All Properties – Rolling 12 Months 242
352
2-2014
By Property Type
2-2015
2-2014
2-2015
390 1,085
215
209
207
107
102
62
67
27
60
45
84
24
32
2
540
5
1,147
636
544
511
- 14.5%
+ 10.8%
+ 2.9%
- 4.7%
+ 8.1%
+ 66.7%
+ 40.0%
+ 33.3%
+ 150.0%
- 5.4%
+ 16.9%
+ 5.7%
< $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+
Singe Family
Townhouse-Condo
All Properties
Rolling 12 Months Single Family Condo By Price Range $299,999 and Below $300,000 to $599,999 $600,000 to $999,999 $1,000,000 to $1,499,999 $1,500,00 to $1,999,999 $2,000,000 to $2,499,999 $2,500,000 to $4,999,999 $5,000,000 to $9,999,999 $10,000,000 and Above All Price Ranges
2-2014 100 166 115 60 35 15 35 12 2 540
2-2015 63 167 114 42 35 19 47 19 5 511
Change - 37.0% + 0.6% - 0.9% - 30.0% 0.0% + 26.7% + 34.3% + 58.3% + 150.0% - 5.4%
2-2014 141 186 94 47 27 12 25 12 0 544
2-2015 144 223 101 60 32 26 37 13 0 636
Compared to Prior Month Single Family Condo Change + 2.1% + 19.9% + 7.4% + 27.7% + 18.5% + 116.7% + 48.0% + 8.3% -+ 16.9%
1-2015 3 3 7 2 2 0 3 3 0 23
2-2015 5 5 3 2 5 2 4 1 0 27
Change + 66.7% + 66.7% - 57.1% 0.0% + 150.0% -+ 33.3% - 66.7% -+ 17.4%
1-2015 4 9 6 5 4 7 3 0 0 38
2-2015 4 7 9 3 6 1 1 1 0 32
Year to Date Single Family Change 0.0% - 22.2% + 50.0% - 40.0% + 50.0% - 85.7% - 66.7% --- 15.8%
Condo
YTD 2013 YTD 2014 Change YTD 2013 YTD 2014 Change 12 8 - 33.3% 6 8 + 33.3% 12 8 - 33.3% 17 16 - 5.9% 11 10 - 9.1% 10 15 + 50.0% 11 4 - 63.6% 7 8 + 14.3% 2 7 + 250.0% 7 10 + 42.9% 1 2 + 100.0% 4 8 + 100.0% 5 7 + 40.0% 8 4 - 50.0% 0 4 -1 1 0.0% 1 0 - 100.0% 0 0 -55 50 - 9.1% 60 70 + 16.7%
Inventory of Active Listings A measure of the number of homes available for sale at a given time.
By Price Range – All Properties 147 53
166
125
2-2014
By Property Type
2-2015
168
157 111
120
97
100
37
62
2-2014
924
147 90
53
2-2015
91
442 30
35
481
426
865
439
- 30.2%
- 15.0%
- 5.4%
+ 8.1%
+ 3.1%
- 14.5%
- 12.5%
+ 1.1%
+ 16.7%
- 3.6%
- 8.7%
- 6.4%
< $300K
$300K to $599K
$600K to $999K
$1.0M to $1.4M
$1.5M to $1.9M
$2.0M to $2.5M
$2.5M to $4.9M
$5.0M to $9.9M
$10.0M+
Singe Family
Townhouse-Condo
All Properties
Year over Year Single Family By Price Range $299,999 and Below $300,000 to $599,999 $600,000 to $999,999 $1,000,000 to $1,499,999 $1,500,00 to $1,999,999 $2,000,000 to $2,499,999 $2,500,000 to $4,999,999 $5,000,000 to $9,999,999 $10,000,000 and Above All Price Ranges
2-2014 23 44 75 47 55 33 92 50 23 442
2-2015 16 39 66 54 52 28 95 51 25 426
Change - 30.4% - 11.4% - 12.0% + 14.9% - 5.5% - 15.2% + 3.3% + 2.0% + 8.7% - 3.6%
Compared to Prior Month Single Family Condo
Condo 2-2014 30 102 91 64 42 29 76 40 7 481
2-2015 21 86 91 66 48 25 52 40 10 439
Change - 30.0% - 15.7% 0.0% + 3.1% + 14.3% - 13.8% - 31.6% 0.0% + 42.9% - 8.7%
1-2015 22 51 64 52 54 24 96 49 27 439
2-2015 16 39 66 54 52 28 95 51 25 426
Change - 27.3% - 23.5% + 3.1% + 3.8% - 3.7% + 16.7% - 1.0% + 4.1% - 7.4% - 3.0%
1-2015 19 90 98 67 48 24 52 42 8 448
2-2015 21 86 91 66 48 25 52 40 10 439
Year to Date Single Family Change + 10.5% - 4.4% - 7.1% - 1.5% 0.0% + 4.2% 0.0% - 4.8% + 25.0% - 2.0%
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.
Current as of March 6, 2015. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | 15
Glossary of Terms A research tool provided by the Colorado Association of REALTORSÂŽ
New Listings
A measure of how much new supply is coming onto the market from sellers.
Pending Sales
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.
Closed Sales
A measure of home sales that were closed to completion during the report period.
Median Sales Price
A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.
Average Sales Price
A sum of all home sales prices divided by total number of sales.
Percent of List Price Received
A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.
Days on Market Until Sale
A measure of how long it takes homes to sell, on average.
Housing Affordability Index
A measure of how affordable a regionâ&#x20AC;&#x2122;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.
Inventory of Active Listings
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.
Months Supply of Inventory
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.
Current as of March 6, 2015. All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | 16