Monthly Indicators December 2014 It has been another recovery year in 2014 but not the same as 2013. With a broad pattern of rising prices and stable to improving inventory, the market has shifted from being drastically undersupplied to approaching equilibrium. Price gains are still positive but less robust than last year. The metrics to watch in 2015 include days on market, percent of list price received and absorption rates, as these can offer deeper and more meaningful insights into the future direction of housing. New Listings were up 21.9 percent for single family/duplex homes and 57.6 percent for townhouse-condo properties. Pending Sales increased 4.5 percent for single family/duplex homes and 70.0 percent for townhouse-condo properties. The Median Sales Price was up 27.6 percent to $775,000 for single family/duplex homes and 49.3 percent to $635,000 for townhouse-condo properties. Months Supply of Inventory decreased 7.8 percent for single family/duplex units and 25.9 percent for townhouse-condo units. Interest rates remained lower than anyone expected for the entire year. That trend snowballed with solid and accelerating private job growth to empower more consumers to buy homes. This coupled nicely on the governmental side with mortgage debt forgiveness and interest deduction preservation. Student loan debt, sluggish wage growth and a lack of sufficient mortgage liquidity still remain hurdles to greater recovery. That said, Colorado has an economy that's the envy of most states and is well-positioned for continued recovery in 2015.
Monthly Snapshot + 25.3%
- 14.0%
+ 25.5%
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
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Current as of January 6, 2015. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing.