Vail Valley / Eagle County
Mar ke t Re p or t Jan uar y 2 0 1 4
www.TeamBlackBear.com Info@TeamBlackBear.com 970.337.7777
Monthly Indicators January 2014 The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That's not a bad thing, since the market is returning to a stable, healthy state. Potential trends to watch for in 2014 include increased seller activity, more new construction and fewer foreclosures on the market. Inventory is another metric to watch this year. New Listings were up 7.5 percent for single family/duplex homes but decreased 3.6 percent for townhouse-condo properties. Pending Sales increased 2.4 percent for single family/duplex homes and 24.4 percent for townhouse-condo townhouse condo properties. The Median Sales Price was up 75.8 percent to $545,000 for single family/duplex homes and 103.8 percent to $805,000 for townhouse-condo properties. Months Supply of Inventory decreased 8.2 percent for single family/duplex units and 14.4 percent for townhouse-condo units. Given how far the market has come, it's a good time for folks to reassess their situation. Many who were hesitant to sell in recent years may find themselves in a completely different position. Getting a fresh comparative market analysis might be a good idea. Interest rates remain attractive and should remain below their long-term average, but they are expected to creep higher in 2014. Politicians are gearing up for midterm elections, so pay close attention to campaign messaging as relates to real estate or mortgage financing. Job growth is still fundamental and is likely to dominate this election cycle.
Monthly Snapshot 0.0%
- 16.9%
+ 75.7%
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 Glossary of Terms
2 3 4 5 6 7 8 9 10 11 12 13 14 15
Click on desired metric to jump to that page. Current as of February 10, 2014. 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 1-2011
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012 1 2012
1-2013 1 2013
53
57
+ 7.5%
53
57
+ 7.5%
42
43
+ 2.4%
42
43
+ 2.4%
23
25
+ 8.7%
23
25
+ 8.7%
$310,000
$545,000
+ 75.8%
$310,000
$545,000
+ 75.8%
+ 85.0%
$651,761 $1,205,468
$651,761 $1,205,468 1-2012
1-2013
Days on Market
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
96.5%
95.9%
- 0.6%
187
152
- 18.7%
187
152
- 18.7%
126
67
- 46.8%
126
67
- 46.8%
478
419
- 12.3%
--
--
--
9.8
9.0
- 8.2%
--
--
--
1-2014
Months Supply 1-2011
- 0.6%
1-2014
Active Listings 1-2011
95.9%
1-2014
Affordability Index 1-2011
96.5% 1-2014
` 1-2011
+ 85.0%
1-2014
Pct. of List Price Received 1-2011
Percent Change
1-2014 1 2014
Average Sales Price 1-2011
YTD 2013 YTD 2014
1-2014
Median Sales Price 1-2011 1 2011
Percent Change
1-2014
Closed Sales 1-2011
1-2014
1-2014
Pending Sales 1-2011
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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 1-2011
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012 1 2012
1-2013 1 2013
55
53
- 3.6%
55
53
- 3.6%
41
51
+ 24.4%
41
51
+ 24.4%
31
29
- 6.5%
31
29
- 6.5%
$395,000
$805,000
+ 103.8%
$395,000
$805,000
+ 103.8%
$652,204 $1,360,755 + 108.6% 1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
95.6%
94.2%
- 1.5%
153
185
+ 20.9%
153
185
+ 20.9%
101
47
- 53.5%
101
47
- 53.5%
579
459
- 20.7%
--
--
--
11.8
10.1
- 14.4%
--
--
--
1-2014
Months Supply 1-2011
- 1.5%
1-2014
Active Listings 1-2011
94.2%
1-2014
Affordability Index 1-2011
95.6% 1-2014
Days on Market 1-2011
$652,204 $1,360,755 + 108.6%
1-2014
Pct. of List Price Received 1-2011
Percent Change
1-2014 1 2014
Average Sales Price 1-2011
YTD 2013 YTD 2014
1-2014
Median Sales Price 1-2011 1 2011
Percent Change
1-2014
Closed Sales 1-2011
1-2014
1-2014
Pending Sales 1-2011
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
January
78
78 72
72
53
2012
2013
+ 24.1% 24 1% - 26.4% 26 4%
57
55
53
53
57
55
53
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 7.5% 7 5%
+ 5.4% 5 4%
- 29.5% 29 5%
- 3.6% 3 6%
24 1% + 24.1%
- 26.4% 26 4%
+ 7.5% 7 5%
5 4% + 5.4%
- 29.5% 29 5%
-3 3.6% 6%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
New Listings
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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%
Jan-2014
57
+7.5%
53
-3.6%
12-Month 12 Month Avg
73
+3.9%
66
-3.3% 3.3%
Townhouse-Condo
Historical New Listings by Month
Single Family/Duplex
Townhouse-Condo
200
175
150
125
100
75
50
25 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
January
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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%
Jan-2014
43
+2.4%
51
+24.4%
12-Month 12 Month Avg
46
-8.8% 8.8%
47
-3.1% 3.1%
Pending Sales
41
42
43
41
41
42
43
41
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
+ 64.0% 64 0%
+ 2.4% 2 4%
2.4% +2 4%
- 5.7% 5 7%
18.0% - 18 0%
+ 24.4% 24 4%
64 0% + 64.0%
2.4% +2 4%
+ 2.4% 2 4%
5 7% - 5.7%
Single Family/Duplex
Townhouse-Condo
51
50
51
50
Single Family/Duplex
2013
2014
- 18.0% 18 0% + 24.4% 24 4%
Townhouse-Condo
Historical Pending Sales by Month
Single Family/Duplex
80
Townhouse-Condo
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Closed Sales A count of the actual sales that closed in a given month.
Year to Date
January
33
33
31
31 29 27
29 27 25
25
23
23
2012
2013
+ 12.5% 12 5% - 14.8% 14 8%
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 8.7% 8 7%
22.2% + 22 2%
- 6.1% 6 1%
- 6.5% 6 5%
12 5% + 12.5%
- 14 14.8% 8%
+ 8.7% 8 7%
+ 22.2% 22 2%
-6 6.1% 1%
-6 6.5% 5%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Closed Sales
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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%
Jan-2014
25
+8.7%
29
-6.5%
12-Month 12 Month Avg
47
-4.6% 4.6%
46
-7.1% 7.1%
Townhouse-Condo
Historical Closed Sales by Month
Single Family/Duplex
Townhouse-Condo
80
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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
January
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
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%
Jan-2014
$545,000
+75.8%
$805,000
+103.8%
12-Month 12 Month Avg* Avg
$600,000
+12.1%
$435,000
+18.5%
Median Sales Price
$805,000
$805,000
$590,000
$600,000
$590,000
$600,000
$545,000
$545,000
$395,000
$395,000 $310,000
$310,000
2012
2013
+ 34.1% 34 1% - 47.5% 47 5%
2014
2012
+ 75.8% 75 8%
+ 50.4% 50 4%
Single Family/Duplex
2013
2014
- 34.2% 34 2% + 103.8% 103 8%
Townhouse-Condo
2012
2013
2014
2012
34 1% + 34.1%
- 47.5% 47 5%
+ 75.8% 75 8%
50 4% + 50.4%
Single Family/Duplex
2013
2014
- 34.2% 34 2% + 103.8% 103 8%
Townhouse-Condo
Year-Over-Year Change
* Median Sales Price for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Historical Median Sales Price by Month
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 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
January
$1,395,247
$1,395,247
$1,250,299
$1,250,299
$1,205,468
$1,205,468
$651,761
$651,761
$652,204
2012
2013
2014
2012
+ 7.5% 7 5%
- 47.9% 47 9%
+ 85.0% 85 0%
20 8% - 20.8%
Single Family/Duplex
$1,360,755
$1,360,755
2013
2014
- 53.3% 53 3% + 108.6% 108 6%
Townhouse-Condo
$652,204
2012
2013
2014
2012
7 5% + 7.5%
- 47 47.9% 9%
+ 85.0% 85 0%
20 8% - 20.8%
Single Family/Duplex
2013
2014
108.6% - 53.3% 53 3% + 108 6%
Townhouse-Condo
Average Sales Price
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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%
Jan-2014
$1,205,468
+85.0%
$1,360,755
+108.6%
-2.7% 2.7%
$839,981
+10.8%
12-Month 12 Month Avg* Avg $1,086,436
* Average Sales Price for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Historical Average Sales Price by Month
Single Family/Duplex
Townhouse-Condo
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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
January 94.7% 96.5% 95.9%
92.9% 95.6% 94.2%
Pct. of List Price Received
94.7% 96.5% 95.9%
92.9% 95.6% 94.2%
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 1.3% 1 3%
+ 1.9% 1 9%
-0 0.6% 6%
3.6% -3 6%
+ 2.9% 2 9%
- 1.5% 1 5%
1 3% + 1.3%
1.9% +1 9%
-0 0.6% 6%
3 6% - 3.6%
2.9% +2 9%
-1 1.5% 5%
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
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%
Jan-2014
95.9%
-0.6%
94.2%
-1.5%
12-Month 12 Month Avg* Avg
95.4%
+1.8%
94.7%
+0.5%
* Pct. of List Price Received for all properties from February 2013 through January 2014. 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% 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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
January
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
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%
Jan-2014
152
-18.7%
185
+20.9%
12-Month 12 Month Avg* Avg
178
-10.5% 10.5%
209
+2.5%
Days on Market
213
213 194
194
187
185
187 153
152
153
152
185
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
+ 3.7% 3 7%
- 3.6% 3 6%
- 18.7% 18 7%
27 8% - 27.8%
28.2% - 28 2%
+ 20.9% 20 9%
3 7% + 3.7%
- 3.6% 3 6%
- 18.7% 18 7%
27 8% - 27.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
2013
2014
- 28.2% 28 2% + 20.9% 20 9%
Townhouse-Condo
Historical Days on Market Until Sale by Month
Year-Over-Year Change
* Days on Market for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
500
400
300
200
100
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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.
January
Year to Date
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
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%
Jan-2014
67
-46.8%
47
-53.5%
12-Month 12 Month Avg* Avg
65
-16.8% 16.8%
81
-56.0% 56.0%
Affordability Index
126
126 101
67
66
101
67
66
65
65
47
2012
- 16.5% 16 5%
2013
2014
46 8% + 90.9% 90 9% - 46.8%
Single Family/Duplex
47
2012
2013
2014
2012
- 24.4% 24 4%
+ 55.4% 55 4%
- 53.5% 53 5%
16 5% - 16.5%
Townhouse-Condo
2013
90 9% + 90.9%
2014
46 8% - 46.8%
Single Family/Duplex
2012
24 4% - 24.4%
2013
55 4% + 55.4%
2014
- 53.5% 53 5%
Townhouse-Condo
Historical Housing Affordability Index by Month
Year-Over-Year Change
* Affordability Index for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
140
120
100
80
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Inventory of Active Listings The number of properties available for sale in active status at the end of a given month.
January
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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%
Jan-2014
419
-12.3%
459
-20.7%
12-Month 12 Month Avg
496
-18.7% 18.7%
538
-21.1% 21.1%
Active Listings
767 634
579 478
459
419
2012 9% -9 9.9%
2013 - 24.6% 24 6%
2014 - 12.3% 12 3%
2012
2013 - 24 24.5% 5%
5% -7 7.5%
Single Family/Duplex
2014 - 20 20.7% 7%
Townhouse-Condo
Historical Inventory of Active Listings by Month
Single Family/Duplex
Townhouse-Condo
1,100
1,000
900
800
700
600
500
400 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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.
January 18.8
18.5
11.8 9.8
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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%
9.0
-8.2%
10.1
-14.4%
10.0
-33.6% 33.6%
11.3
-28.2% 28.2%
Months Supply
10.1
9.0
Jan-2014 2012 1% - 18 18.1%
2013 - 47.0% 47 0%
2014 -8 8.2% 2%
2013 - 37 37.2% 2%
2012 0% - 10 10.0%
Single Family/Duplex
2014 - 14 14.4% 4%
12-Month 12 Month Avg
Townhouse-Condo
* Months Supply for all properties from February 2013 through January 2014. This is not the average of the individual figures above.
Historical Months Supply of Inventory by Month
Single Family/Duplex
Townhouse-Condo
50.0
40.0
30.0
20.0
10.0
0.0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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 1-2011
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012 1 2012
1-2013 1 2013
108
110
+ 1.9%
108
110
+ 1.9%
83
94
+ 13.3%
83
94
+ 13.3%
54
54
0.0%
54
54
0.0%
$387,000
$680,000
+ 75.7%
$387,000
$680,000
+ 75.7%
+ 97.7%
$652,015 $1,288,863
$652,015 $1,288,863 1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
1-2012
1-2013
95.9%
95.0%
- 0.9%
167
170
+ 1.8%
167
170
+ 1.8%
103
55
- 47.0%
103
55
- 47.0%
1,057
878
- 16.9%
--
--
--
10.8
9.5
- 12.0%
--
--
--
1-2014
Months Supply 1-2011
- 0.9%
1-2014
Active Listings 1-2011
95.0%
1-2014
Affordability Index 1-2011
95.9% 1-2014
Days on Market 1-2011
+ 97.7%
1-2014
Pct. of List Price Received 1-2011
Percent Change
1-2014 1 2014
Average Sales Price 1-2011
YTD 2013 YTD 2014
1-2014
Median Sales Price 1-2011 1 2011
Percent Change
1-2014
Closed Sales 1-2011
1-2014
1-2014
Pending Sales 1-2011
1-2013
1-2014
Current as of February 10, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14
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 (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).
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 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.
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 July 12, 2013. All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13