Monthly Indicators December 2015
New Listings were up 45.0 percent for single family/duplex homes but decreased 44.1 percent for townhouse-condo properties. Pending Sales increased 14.3 percent for single family/duplex homes but decreased 13.0 percent for townhouse-condo properties. The Median Sales Price was down 15.5 percent to $655,000 for single family/duplex homes and 16.9 percent to $527,500 for townhouse-condo properties. Days on Market decreased 22.2 percent for single family/ duplex homes and 28.0 percent for condo properties. Gross Domestic Product increased at an annual rate near 2.0 percent to close 2015, and that rate is expected to increase next year. Residential real estate is considered a healthy piece of the national economy. Contributing factors from within the industry include better lending standards and foreclosures falling back to more traditional levels. Declining unemployment, higher wages and low fuel prices have also conspired to improve personal budgets.
Monthly Snapshot + 4.8%
- 3.5%
- 18.3%
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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K.
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 12-2012
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
Days on Market
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
+ 14.7%
21
24
+ 14.3%
514
624
+ 21.4%
49
45
- 8.2%
516
600
+ 16.3%
$775,000
$655,000
- 15.5%
$665,000
$673,500
+ 1.3%
$2,071,922 $971,968
- 53.1%
$1,326,709 $1,289,466
- 2.8%
94.5%
94.1%
- 0.4%
95.4%
95.5%
+ 0.1%
198
154
- 22.2%
163
149
- 8.6%
45
55
+ 22.2%
53
54
+ 1.9%
453
454
+ 0.2%
--
--
--
10.5
9.1
- 13.3%
--
--
--
12-2015
Months Supply 12-2012
969
12-2015
Active Listings 12-2012
845
12-2015
Affordability Index 12-2012
+ 45.0%
12-2015
` 12-2012
58
12-2015
Pct. of List Price Received 12-2012
40
Percent Change
12-2015
Avg. Sales Price 12-2012
YTD 2014 YTD 2015
12-2015
Median Sales Price 12-2012
Percent Change
12-2015
Closed Sales 12-2012
12-2015
12-2015
Pending Sales 12-2012
12-2014
12-2015
Current as of January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 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 12-2012
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
102
57
- 44.1%
867
917
+ 5.8%
46
40
- 13.0%
642
679
+ 5.8%
55
64
+ 16.4%
626
652
+ 4.2%
$635,000
$527,500
- 16.9%
$488,500
$495,000
+ 1.3%
- 3.9%
$955,576
$905,627
- 5.2%
$1,087,566 $1,044,734 12-2013
12-2014
12-2015
Pct. of List Price Received 12-2012
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
95.3%
96.1%
+ 0.8%
207
265
+ 28.0%
188
155
- 17.6%
55
69
+ 25.5%
72
73
+ 1.4%
451
420
- 6.9%
--
--
--
8.6
7.7
- 10.5%
--
--
--
12-2015
Months Supply 12-2012
+ 0.3%
12-2015
Active Listings 12-2012
95.4%
12-2015
Affordability Index 12-2012
95.1% 12-2015
Days on Market 12-2012
Percent Change
12-2015
Avg. Sales Price 12-2012
YTD 2014 YTD 2015
12-2015
Median Sales Price 12-2012
Percent Change
12-2015
Closed Sales 12-2012
12-2015
12-2015
Pending Sales 12-2012
12-2014
12-2015
Current as of January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
Year to Date
December 102
969 857
867
845
917
790
66 58
57
40 32
2013
2014
- 39.6% + 25.0%
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 45.0%
0.0%
+ 54.5%
- 44.1%
+ 0.5%
- 1.4%
+ 14.7%
- 6.2%
+ 9.7%
+ 5.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
New Listings
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
72
+26.3%
72
+35.8%
Feb-2015
43
+22.9%
46
-14.8%
Mar-2015
69
+3.0%
96
+33.3%
Apr-2015
77
0.0%
63
-12.5%
May-2015
105
+6.1%
98
+12.6%
Jun-2015
181
+28.4%
111
+0.9%
Jul-2015
117
+31.5%
97
+9.0%
Aug-2015
86
+8.9%
96
+84.6%
Sep-2015
75
+44.2%
60
+9.1%
Oct-2015
49
-19.7%
57
-10.9%
Nov-2015
37
-22.9%
64
+12.3%
Dec-2015
58
+45.0%
57
-44.1%
12-Month Avg
81
+14.7%
76
+5.8%
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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 4
Pending Sales A count of the properties on which offers have been accepted in a given month.
Year to Date
December
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
42
+10.5%
42
-12.5%
Feb-2015
28
-26.3%
41
-10.9%
Mar-2015
48
-2.0%
49
+2.1%
Apr-2015
66
+57.1%
61
-12.9%
May-2015
58
+61.1%
54
+58.8%
Jun-2015
67
+55.8%
47
+20.5%
Jul-2015
88
+49.2%
75
+7.1%
Aug-2015
59
+9.3%
82
-2.4%
Sep-2015
51
0.0%
69
0.0%
Oct-2015
60
+22.4%
69
+32.7%
Nov-2015
33
-2.9%
50
+38.9%
Dec-2015
24
+14.3%
40
-13.0%
12-Month Avg
52
+21.4%
57
+5.8%
Pending Sales
46 40
642
624 529
679
546
514
30 22
24 21
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 24.1%
- 4.5%
+ 14.3%
- 16.7%
+ 53.3%
- 13.0%
- 10.8%
- 2.8%
+ 21.4%
- 7.0%
+ 17.6%
+ 5.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 5
Closed Sales A count of the actual sales that closed in a given month.
Year to Date
December 64
626
600 55
544
49
652
547
516
45
44
39
2013
2014
- 20.0% + 11.4%
2015
2013
- 8.2%
- 20.4%
Single Family/Duplex
2014
2015
+ 41.0% + 16.4%
Townhouse-Condo
2013
2014
2015
2013
2014
2015
- 6.5%
- 5.1%
+ 16.3%
- 6.8%
+ 14.4%
+ 4.2%
Single Family/Duplex
Closed Sales
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015 Feb-2015
23
-8.0%
38
+31.0%
27
-10.0%
33
+6.5%
Mar-2015
33
+17.9%
37
-27.5%
Apr-2015
42
-10.6%
39
-22.0%
May-2015
42
-6.7%
58
+1.8%
Jun-2015
80
+73.9%
64
+48.8%
Jul-2015
70
+59.1%
60
+22.4%
Aug-2015
66
+29.4%
59
-1.7%
Sep-2015
79
+46.3%
74
-5.1%
Oct-2015
49
-10.9%
65
-16.7%
Nov-2015
44
+4.8%
61
+35.6%
Dec-2015
45
-8.2%
64
+16.4%
12-Month Avg
50
+16.3%
54
+4.2%
Townhouse-Condo
Historical Closed Sales by Month
Single Family/Duplex
Townhouse-Condo
100
80
60
40
20
0 1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
Current as of January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 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
December
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
$926,250
+70.0%
$975,250
+17.5%
Feb-2015
$1,121,250
+28.3%
$802,500
-24.3%
Mar-2015
$690,000
-9.3%
$755,000
+29.1%
Apr-2015
$750,000
+0.8%
$508,000
-32.9%
May-2015
$972,500
+66.2%
$572,500
+14.5%
Jun-2015
$592,500
+10.6%
$422,500
+16.6%
Jul-2015
$595,000
+6.7%
$398,500
-6.7%
Aug-2015
$699,500
+53.7%
$375,000
-16.1%
Sep-2015
$700,000
-9.3%
$491,250
+31.0%
Oct-2015
$645,000
-9.6%
$475,000
+5.0%
Nov-2015
$675,000
-6.6%
$529,000
+27.5%
Dec-2015
$655,000
-15.5%
$527,500
-16.9%
12-Month Avg*
$673,500
+1.3%
$495,000
+1.3%
Median Sales Price
$775,000
$665,000 $673,500 $600,000
$655,000
$635,000
$607,500
$488,500 $495,000
$527,500 $420,000 $425,300
2013
2014
2015
2013
2014
2015
- 5.1%
+ 27.6%
- 15.5%
- 6.5%
+ 49.3%
- 16.9%
Single Family/Duplex
Townhouse-Condo
2013
2014
+ 10.1% + 10.8%
2015
+ 1.3%
Single Family/Duplex
2013
2014
+ 14.4% + 16.3%
2015
+ 1.3%
Townhouse-Condo
Historical Median Sales Price by Month
* Median Sales Price for all properties from January 2015 through December 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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
December
$1,326,709
$1,289,466
$2,071,922 $1,072,509 $955,576 $905,627 $799,673 $1,273,268 $1,087,566 $1,044,734
$971,968 $878,973
2013
2014
+ 15.3% + 62.7%
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
- 53.1%
- 10.1%
+ 23.7%
- 3.9%
- 6.5%
+ 23.7%
- 2.8%
+ 1.9%
+ 19.5%
- 5.2%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Historical Average Sales Price by Month
Avg. Sales Price
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
$1,873,446
+55.4%
$1,269,471
-10.0%
Feb-2015
$1,558,564
+41.9%
$1,141,142
-8.5%
Mar-2015
$1,304,972
-12.0%
$1,195,623
+40.8%
Apr-2015
$1,235,525
-42.8%
$766,308
-49.5%
May-2015
$1,617,972
+30.6%
$984,756
-11.7%
Jun-2015
$1,440,288
+37.3%
$783,961
+7.7%
Jul-2015
$1,060,670
+25.0%
$687,532
-24.2%
Aug-2015
$1,232,124
+65.3%
$579,977
+7.4%
Sep-2015
$1,354,503
-17.4%
$706,967
-6.5%
Oct-2015
$1,050,771
-10.4%
$1,127,811
+19.4%
Nov-2015
$1,194,902
+13.0%
$904,931
+15.2%
Dec-2015
$971,968
-53.1%
$1,044,734
-3.9%
-2.8%
$905,627
-5.2%
12-Month Avg* $1,289,466
* Avg. Sales Price for all properties from January 2015 through December 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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 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
December 94.9% 94.5% 94.1%
95.9% 95.1% 95.4%
Pct. of List Price Received
95.6% 95.4% 95.5%
94.8% 95.3% 96.1%
2013
2014
2015
2013
2014
2015
2013
2014
2015
2013
2014
2015
+ 1.8%
- 0.4%
- 0.4%
- 0.2%
- 0.8%
+ 0.3%
+ 2.1%
- 0.2%
+ 0.1%
+ 0.9%
+ 0.5%
+ 0.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
92.9%
-3.1%
95.3%
+1.2%
Feb-2015
95.8%
+1.7%
95.4%
+1.6%
Mar-2015
95.2%
-1.0%
95.7%
+0.8%
Apr-2015
95.5%
+0.5%
96.5%
+3.3%
May-2015
94.2%
-2.3%
96.0%
+0.5%
Jun-2015
96.6%
+0.7%
96.2%
+0.4%
Jul-2015
96.8%
+1.5%
97.0%
+0.7%
Aug-2015
97.0%
+0.8%
96.4%
0.0%
Sep-2015
95.7%
+1.8%
97.2%
+1.0%
Oct-2015
95.2%
-0.5%
95.7%
+0.1%
Nov-2015
93.7%
-2.1%
95.5%
+0.6%
Dec-2015
94.1%
-0.4%
95.4%
+0.3%
12-Month Avg*
95.5%
+0.2%
96.1%
+0.8%
* Pct. of List Price Received for all properties from January 2015 through December 2015. This is not the average of the individual figures above.
Historical Percent of List Price Received by Month
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 January 6, 2016. All data from the Vail Board of REALTORSÂŽ MLS. Powered by ShowingTime 10K. | 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
December
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
182
+19.7%
166
-18.2%
Feb-2015
261
+9.2%
209
+8.9%
Mar-2015
266
+47.8%
147
-56.9%
Apr-2015
202
-1.9%
90
-63.7%
May-2015
173
-13.5%
136
-16.0%
Jun-2015
+10.4%
Days on Market
277
265
212 188
207
198
161
163
155
149
154 137
2013
2014
- 32.5% + 44.5%
2015
2013
2014
2015
2013
2014
2015
2013
- 22.2%
+ 18.9%
- 25.3%
+ 28.0%
- 10.1%
+ 1.2%
- 8.6%
- 0.9%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
2014
2015
- 11.3% - 17.6%
Townhouse-Condo
148
+27.6%
191
Jul-2015
89
-19.1%
132
-6.4%
Aug-2015
100
-9.1%
90
-30.2%
Sep-2015
123
-35.3%
97
-44.3%
Oct-2015
145
-4.6%
208
+27.6%
Nov-2015
122
-2.4%
126
-19.2%
Dec-2015
154
-22.2%
265
+28.0%
12-Month Avg*
163
-8.3%
188
-17.7%
* Days on Market for all properties from January 2015 through December 2015. This is not the average of the individual figures above.
Historical Days on Market Until Sale by Month
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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 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.
December
Year to Date
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Jan-2015
40
-34.4%
38
-5.0%
Feb-2015
33
-13.2%
46
+43.8%
Mar-2015
53
+20.5%
48
-15.8%
Apr-2015
49
+8.9%
73
+65.9%
May-2015
38
-35.6%
65
-5.8%
Jun-2015
61
-4.7%
86
-9.5%
Jul-2015
60
-1.6%
90
+12.5%
Aug-2015
51
-32.0%
96
+24.7%
Sep-2015
52
+18.2%
74
-18.7%
Oct-2015
56
+16.7%
77
+1.3%
Nov-2015
53
+10.4%
68
-19.0%
Dec-2015
55
+22.2%
69
+25.5%
12-Month Avg*
50
+4.3%
53
+3.7%
Affordability Index
79
80
56
55
56
55
73
72
69 53
54
45
2013
- 3.4%
2014
2015
- 19.6% + 22.2%
Single Family/Duplex
2013
2014
2015
2013
- 3.7%
- 30.4%
+ 25.5%
- 17.6%
Townhouse-Condo
2014
- 5.4%
2015
+ 1.9%
Single Family/Duplex
2013
- 20.8%
2014
2015
- 10.0%
+ 1.4%
Townhouse-Condo
Year-Over-Year Change
* Affordability Index for all properties from January 2015 through December 2015. This is not the average of the individual figures above.
Historical Housing Affordability Index by Month
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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 11
Inventory of Active Listings The number of properties available for sale in active status at the end of a given month.
December
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
474
+3.0%
471
-3.3%
Feb-2015
476
+7.7%
468
-2.9%
Mar-2015
484
+8.0%
506
+2.6%
Apr-2015
470
+4.0%
471
+2.6%
May-2015
495
+0.2%
487
+0.2%
Jun-2015
579
+3.9%
536
+0.6%
Jul-2015
586
+2.8%
539
-0.2%
Aug-2015
591
+2.4%
536
+11.0%
Sep-2015
573
+7.5%
496
+14.8%
Oct-2015
514
+3.4%
450
+6.6%
Nov-2015
482
+0.8%
439
+4.0%
Dec-2015
454
+0.2%
420
-6.9%
12-Month Avg
515
+3.6%
485
+2.3%
Active Listings
467
2013
- 7.0%
454
453
493 451
2014
2015
2013
- 3.0%
+ 0.2%
- 18.0%
Single Family/Duplex
420
2014
2015
- 8.5%
- 6.9%
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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 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.
December Months Supply
10.3
10.8
10.5 9.1
8.6 7.7
2014
2015
2013
2014
2015
- 1.0%
+ 1.9%
- 13.3%
- 12.2%
- 20.4%
- 10.5%
Single Family/Duplex
Townhouse-Condo
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Jan-2015
11.1
+9.9%
8.9
-16.8%
Feb-2015
11.2
+14.3%
8.8
-17.0%
Mar-2015
11.3
+11.9%
9.7
-8.5%
Apr-2015
11.0
+6.8%
9.2
-5.2%
May-2015
11.7
+1.7%
9.5
-5.9%
Jun-2015
12.8
0.0%
10.1
-8.2%
Jul-2015
12.4
-6.1%
10.0
-9.1%
Aug-2015
12.2
-9.6%
10.0
0.0%
Sep-2015
11.3
-9.6%
9.3
+8.1%
Oct-2015
10.2
-12.8%
8.6
+3.6%
Nov-2015
9.6
-14.3%
8.2
-1.2%
9.1
-13.3%
7.7
-10.5%
11.2
-2.5%
9.2
-6.4%
Dec-2015 2013
Single Family/Duplex
12-Month Avg
* Months Supply for all properties from January 2015 through December 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 January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 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 12-2012
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
143
115
- 19.6%
1,714
1,890
+ 10.3%
67
64
- 4.5%
1,156
1,308
+ 13.1%
104
109
+ 4.8%
1,142
1,256
+ 10.0%
$690,250
$564,000
- 18.3%
$560,000
$585,000
+ 4.5%
$1,551,350 $1,014,693 12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
12-2013
12-2014
94.8%
- 0.1%
95.4%
95.9%
+ 0.5%
203
219
+ 7.9%
177
152
- 14.1%
51
64
+ 26.7%
62
62
- 0.9%
906
874
- 3.5%
--
--
--
9.5
8.4
- 11.6%
--
--
--
12-2015
Months Supply 12-2012
94.9%
12-2015
Active Listings 12-2012
- 3.2%
12-2015
Affordability Index 12-2012
$1,123,268 $1,086,879
12-2015
Days on Market 12-2012
- 34.6%
12-2015
Pct. of List Price Received 12-2012
Percent Change
12-2015
Avg. Sales Price 12-2012
YTD 2014 YTD 2015
12-2015
Median Sales Price 12-2012
Percent Change
12-2015
Closed Sales 12-2012
12-2015
12-2015
Pending Sales 12-2012
12-2014
12-2015
Current as of January 6, 2016. All data from the Vail Board of REALTORS速 MLS. Powered by ShowingTime 10K. | 14
Closed Sales Actual sales that have closed in a given month.
By Price Range – All Properties – Rolling 12 Months 395 209
12-2014
By Property Type
12-2015
12-2014
12-2015
457 211
185
268
1,142 108
114
59
72
40
52
86
71
28
29
516
8
6
626
600
1,256
652
- 11.5%
+ 15.7%
+ 27.0%
+ 5.6%
+ 22.0%
+ 30.0%
- 17.4%
+ 3.6%
+ 33.3%
+ 16.3%
+ 4.2%
+ 10.0%
< $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
12-2014 67 171 115 49 30 18 45 15 6 516
12-2015 60 201 141 61 40 27 45 19 6 600
Change - 10.4% + 17.5% + 22.6% + 24.5% + 33.3% + 50.0% 0.0% + 26.7% 0.0% + 16.3%
12-2014 142 224 96 59 29 22 41 13 0 626
12-2015 121 256 127 53 32 25 26 10 2 652
Compared to Prior Month Single Family Condo Change - 14.8% + 14.3% + 32.3% - 10.2% + 10.3% + 13.6% - 36.6% - 23.1% -+ 4.2%
11-2015 5 14 9 6 1 2 7 0 0 44
12-2015 3 17 10 7 5 1 1 1 0 45
Change 11-2015 - 40.0% 15 + 21.4% 21 + 11.1% 11 + 16.7% 3 + 400.0% 3 - 50.0% 5 - 85.7% 1 -2 -0 + 2.3% 61
12-2015 13 23 14 5 1 3 3 1 1 64
Year to Date Single Family Change - 13.3% + 9.5% + 27.3% + 66.7% - 66.7% - 40.0% + 200.0% - 50.0% -+ 4.9%
YTD 2013 YTD 2014 67 60 171 201 115 141 49 61 30 40 18 27 45 45 15 19 6 6 516 600
Condo
Change YTD 2013 YTD 2014 - 10.4% 142 121 + 17.5% 224 256 + 22.6% 96 127 + 24.5% 59 53 + 33.3% 29 32 + 50.0% 22 25 0.0% 41 26 + 26.7% 13 10 0.0% 0 2 + 16.3% 626 652
Change - 14.8% + 14.3% + 32.3% - 10.2% + 10.3% + 13.6% - 36.6% - 23.1% -+ 4.2%
Inventory of Active Listings A measure of the number of homes available for sale at a given time.
By Price Range – All Properties 141 43
12-2014
176 123
113
107
119
103
152
133 57
31
By Property Type
12-2015
12-2014
906
169 93
64
12-2015
88
453 34
454
451
34
874
420
- 27.9%
- 12.8%
- 35.8%
+ 11.2%
+ 29.1%
+ 12.3%
+ 11.2%
- 5.4%
0.0%
+ 0.2%
- 6.9%
- 3.5%
< $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+
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
12-2014 21 52 73 46 57 30 99 50 25 453
12-2015 15 40 51 59 68 35 108 52 26 454
Change - 28.6% - 23.1% - 30.1% + 28.3% + 19.3% + 16.7% + 9.1% + 4.0% + 4.0% + 0.2%
Compared to Prior Month Single Family Condo
Condo 12-2014 21 89 103 60 46 27 53 43 9 451
12-2015 16 83 62 60 65 29 61 36 8 420
Change - 23.8% - 6.7% - 39.8% 0.0% + 41.3% + 7.4% + 15.1% - 16.3% - 11.1% - 6.9%
11-2015 18 46 68 68 72 35 104 48 23 482
12-2015 15 40 51 59 68 35 108 52 26 454
Change - 16.7% - 13.0% - 25.0% - 13.2% - 5.6% 0.0% + 3.8% + 8.3% + 13.0% - 5.8%
11-2015 24 98 73 58 60 27 56 36 7 439
12-2015 16 83 62 60 65 29 61 36 8 420
Year to Date Single Family Change - 33.3% - 15.3% - 15.1% + 3.4% + 8.3% + 7.4% + 8.9% 0.0% + 14.3% - 4.3%
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 January 6, 2016. All data from the Vail Board of REALTORS® MLS. Powered by ShowingTime 10K. | 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 January 6, 2016. All data from the Vail Board of REALTORSÂŽ MLS. Powered by ShowingTime 10K. | 16