Vail Valley / Eagle County
Mar ke t Re p or t July 2 0 1 4 - YTD
www.TeamBlackBear.com Info@TeamBlackBear.com 970.337.7777
Monthly Indicators July 2014 Although low supply and tight credit standards are still hurdles to recovery, prices continue to rise in most local areas. Job growth has strengthened lately, but wage growth has not kept pace with the price gains we have seen. Buoyed by stable and continuously lower interest rates, affordability is still historically high yet below its all-time peak. Rising inventory levels will lead to more choices for qualified buyers, but as the summer reaches toward fall, the prospect of more homes coming on the market begins to wane. New Listings were down 29.4 percent for single family/duplex homes and 6.3 percent for townhouse-condo properties. Pending Sales increased 29.2 percent for single family/duplex homes and 13.6 percent for townhouse-condo properties. The Median Sales Price was up 1.1 percent to $545,000 for single family/duplex homes and 4.1 percent to $433,500 for townhouse-condo properties. Months Supply of Inventory increased 6.0 percent for single family/duplex units but decreased 17.6 percent for townhouse-condo units. The U.S. Department of Commerce reported that GDP grew at a 4.0 percent annual rate in the second quarter and that the first quarter was less bad than previously thought. Consumer spending in the first quarter rose 2.5 percent, which is encouragingly in tandem with savings rates. Increased consumer spending means more demand for goods and labor; increased savings rates means more resources for downpayments. With rates still low, rents still rising and private job growth accelerating, it's becoming more and more difficult to side with the housing perma-bears.
Monthly Snapshot + 1.1%
- 12.6%
- 7.3%
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 August 6, 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 7-2011
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
Days on Market
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
- 6.6%
48
62
+ 29.2%
321
311
- 3.1%
48
43
- 10.4%
297
264
- 11.1%
$539,000
$545,000
+ 1.1%
$560,000
$594,500
+ 6.2%
$902,062
$815,392
- 9.6%
$966,236 $1,307,635
94.7%
95.7%
+ 1.1%
95.4%
95.6%
+ 0.2%
133
104
- 21.8%
159
169
+ 6.3%
62
63
+ 1.6%
59
57
- 3.4%
603
541
- 10.3%
--
--
--
11.7
12.4
+ 6.0%
--
--
--
+ 35.3%
7-2014
Months Supply 7-2011
565
7-2014
Active Listings 7-2011
605
7-2014
Affordability Index 7-2011
- 29.4%
7-2014
` 7-2011
89
7-2014
Pct. of List Price Received 7-2011
126
Percent Change
7-2014
Average Sales Price 7-2011
YTD 2013 YTD 2014
7-2014
Median Sales Price 7-2011
Percent Change
7-2014
Closed Sales 7-2011
7-2014
7-2014
Pending Sales 7-2011
7-2013
7-2014
Current as of August 6, 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 7-2011
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
+ 8.3%
66
75
+ 13.6%
316
369
+ 16.8%
42
48
+ 14.3%
273
316
+ 15.8%
$416,250
$433,500
+ 4.1%
$400,000
$531,250
+ 32.8%
$571,362
$921,500
+ 61.3%
$736,216 $1,080,948
94.9%
96.2%
+ 1.4%
95.0%
95.0%
0.0%
204
144
- 29.4%
205
207
+ 1.0%
80
79
- 1.3%
83
64
- 22.9%
602
512
- 15.0%
--
--
--
12.5
10.3
- 17.6%
--
--
--
+ 46.8%
7-2014
Months Supply 7-2011
546
7-2014
Active Listings 7-2011
504
7-2014
Affordability Index 7-2011
- 6.3%
7-2014
Days on Market 7-2011
89
7-2014
Pct. of List Price Received 7-2011
95
Percent Change
7-2014
Average Sales Price 7-2011
YTD 2013 YTD 2014
7-2014
Median Sales Price 7-2011
Percent Change
7-2014
Closed Sales 7-2011
7-2014
7-2014
Pending Sales 7-2011
7-2013
7-2014
Current as of August 6, 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
July 126
576
605 565 532
95
89
95 85
546 504
89
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 6.9%
+ 32.6%
- 29.4%
- 1.2%
+ 11.8%
- 6.3%
+ 0.7%
+ 5.0%
- 6.6%
+ 1.1%
- 5.3%
+ 8.3%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
New Listings
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Aug-2013 Sep-2013
72
-15.3%
79
+11.3%
57
+21.3%
48
-14.3%
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%
12-Month Avg
69
-7.0%
70
+2.8%
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 August 6, 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
July
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Aug-2013
69
-10.4%
64
-5.9%
Sep-2013
53
-10.2%
66
+37.5%
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%
71
+82.1%
May-2014
38
+26.7%
35
-32.7%
Jun-2014
45
-6.3%
42
+20.0%
Jul-2014
62
+29.2%
75
+13.6%
12-Month Avg
44
-10.2%
50
+7.7%
Pending Sales
369
75 67 62
332
66
62
346 321
316
311
48
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 26.5%
- 22.6%
+ 29.2%
+ 52.3%
- 1.5%
+ 13.6%
+ 44.3%
- 3.3%
- 3.1%
+ 26.3%
- 8.7%
+ 16.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
Townhouse-Condo
Historical Pending 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 August 6, 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
July
316 297 48
48 43
41
269
288 264
273
42
36
2012
2013
+ 24.1% + 33.3%
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 10.4%
+ 57.7%
+ 2.4%
+ 14.3%
+ 33.2%
+ 10.4%
- 11.1%
+ 7.9%
- 5.2%
+ 15.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Closed Sales
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Aug-2013 Sep-2013
Year-Over-Year Change
60
-1.6%
65
-1.5%
54
-26.0%
60
-13.0%
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
43
-10.4%
48
+14.3%
12-Month Avg
44
-15.4%
50
+2.9%
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 August 6, 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
July $557,500
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
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
$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
$545,000
+1.1%
$433,500
+4.1%
12-Month Avg*
$630,000
+13.7%
$487,000
+28.2%
Median Sales Price
$539,000 $545,000
$594,500 $545,000 $416,250
$560,000 $531,250
$433,500
$400,000 $369,500
$320,000
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 74.2%
- 3.3%
+ 1.1%
- 12.4%
+ 30.1%
+ 4.1%
+ 10.5%
+ 2.8%
+ 6.2%
- 17.7%
+ 8.3%
+ 32.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Historical Median Sales Price by Month
* Median Sales Price for all properties from August 2013 through July 2014. 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 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of August 6, 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
July $921,500
$902,062 $822,802
Average Sales Price
$1,307,635 $1,233,350
$815,392
$1,080,948 $713,848
$966,236 $865,973 $571,362 $736,216
Single Family/Duplex
2013
2014
2012
2013
2014
2012
2013
2014
2012
+ 51.4%
+ 9.6%
- 9.6%
+ 13.9%
- 20.0%
+ 61.3%
+ 8.9%
- 21.7%
+ 35.3%
- 11.1%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
2013
2014
- 15.0% + 46.8%
Townhouse-Condo
Historical Average Sales Price by Month
TownhouseCondo
Year-Over-Year Change
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%
$1,017,538
+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%
$1,494,230
+51.4%
May-2014
$1,239,178
+9.3%
$1,097,950
+75.4%
Jun-2014
$1,048,943
+33.1%
$720,431
+37.2%
$815,392
-9.6%
$921,500
+61.3%
$1,241,843
+22.2%
$979,399
+33.1%
Jul-2014 2012
Year-Over-Year Change
12-Month Avg*
* Average Sales Price for all properties from August 2013 through July 2014. 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 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of August 6, 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
July 94.5% 94.7% 95.7%
93.3% 94.9% 96.2%
Pct. of List Price Received
93.3% 95.4% 95.6%
93.9% 95.0% 95.0%
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 0.5%
+ 0.2%
+ 1.1%
0.0%
+ 1.7%
+ 1.4%
+ 0.9%
+ 2.3%
+ 0.2%
+ 1.1%
+ 1.2%
0.0%
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
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%
95.3%
+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%
93.6%
-0.6%
May-2014
96.4%
-0.4%
95.6%
+0.3%
Jun-2014
95.9%
+0.4%
95.9%
+0.8%
Jul-2014
95.7%
+1.1%
96.2%
+1.4%
12-Month Avg*
95.7%
+1.1%
94.8%
+0.2%
* Pct. of List Price Received for all properties from August 2013 through July 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 August 6, 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
July
Days on Market
223 205
200
204
207
191 159 135
169
144
133 104
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 32.8%
- 1.5%
- 21.8%
+ 2.1%
+ 6.8%
- 29.4%
- 9.1%
- 20.5%
+ 6.3%
- 5.9%
- 8.1%
+ 1.0%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Historical Days on Market Until Sale by Month
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Aug-2013
111
-1.8%
235
+31.3%
Sep-2013
257
+52.1%
185
-5.6%
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
104
-21.8%
144
-29.4%
12-Month Avg*
160
+3.4%
204
+4.3%
* Days on Market for all properties from August 2013 through July 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 August 6, 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.
July
Year to Date 114 99 80
65
62
83
79 67
63
59
2012
2013
2014
2012
2013
2014
2012
2013
- 36.9%
- 4.6%
+ 1.6%
+ 26.7%
- 29.8%
- 1.3%
0.0%
- 11.9%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Aug-2013
72
-18.2%
73
-27.0%
Sep-2013
43
-25.9%
81
-19.8%
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
63
+1.6%
79
-1.3%
12-Month Avg*
53
-8.5%
69
-13.3%
Affordability Index
64 57
2014
- 3.4%
Single Family/Duplex
2012
+ 35.6%
2013
- 16.2%
2014
- 22.9%
Townhouse-Condo
Historical Housing Affordability Index by Month
* Affordability Index for all properties from August 2013 through July 2014. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
120
100
80
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as of August 6, 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.
July
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Aug-2013
579
-14.2%
592
-14.1%
Sep-2013
543
-12.8%
539
-18.9%
Oct-2013
533
-3.8%
503
-19.8%
Nov-2013
502
-6.9%
496
-21.0%
Dec-2013
467
-7.3%
490
-18.7%
Jan-2014
459
-4.6%
482
-16.8%
Feb-2014
441
-9.8%
476
-18.1%
Mar-2014
443
-4.3%
485
-15.9%
Apr-2014
445
-2.4%
450
-15.7%
May-2014
480
+1.5%
472
-11.1%
Jun-2014
538
-1.8%
515
-12.3%
Jul-2014
541
-10.3%
512
-15.0%
12-Month Avg
498
-6.8%
501
-16.5%
Active Listings
711
694 603
602 541
2012 - 11.1%
2013 - 13.1%
2014 - 10.3%
512
2012 - 14.3%
Single Family/Duplex
2013 - 15.3%
2014 - 15.0%
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 August 6, 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.
July
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Aug-2013
11.3
-29.8%
12.3
-21.7%
Sep-2013
10.9
-23.2%
11.4
-20.8%
Oct-2013
10.9
-10.7%
10.7
-16.4%
Nov-2013
10.6
-7.8%
10.6
-17.2%
Dec-2013
10.1
-1.9%
10.7
-12.3%
Jan-2014
9.9
0.0%
10.5
-11.0%
Feb-2014
9.6
-3.0%
10.4
-12.6%
Mar-2014
9.8
+5.4%
10.3
-14.9%
Apr-2014
10.0
+12.4%
9.4
-17.5%
May-2014
11.0
+17.0%
9.7
-11.8%
Jun-2014
12.3
+12.8%
10.5
-13.9%
Jul-2014
12.4
+6.0%
10.3
-17.6%
12-Month Avg
10.7
-4.1%
10.6
-16.0%
Months Supply
17.5
16.9 12.5
12.4
11.7
10.3
2012 - 28.6%
2013 - 33.1%
2014 + 6.0%
2012 - 20.7%
Single Family/Duplex
2013 - 26.0%
2014 - 17.6%
Townhouse-Condo
* Months Supply for all properties from August 2013 through July 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 August 6, 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 7-2011
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
7-2012
7-2013
+ 0.2%
114
137
+ 20.2%
637
680
+ 6.8%
90
91
+ 1.1%
570
580
+ 1.8%
$512,500
$475,000
- 7.3%
$485,750
$570,000
+ 17.3%
$747,735
$871,361
+ 16.5%
94.8%
96.0%
+ 1.3%
95.2%
95.3%
+ 0.1%
166
125
- 24.7%
181
190
+ 5.0%
65
72
+ 10.7%
69
60
- 12.5%
1,205
1,053
- 12.6%
--
--
--
12.1
11.3
- 6.6%
--
--
--
$856,069 $1,184,130
+ 38.3%
7-2014
Months Supply 7-2011
1,111
7-2014
Active Listings 7-2011
1,109
7-2014
Affordability Index 7-2011
- 19.5%
7-2014
Days on Market 7-2011
178
7-2014
Pct. of List Price Received 7-2011
221
Percent Change
7-2014
Average Sales Price 7-2011
YTD 2013 YTD 2014
7-2014
Median Sales Price 7-2011
Percent Change
7-2014
Closed Sales 7-2011
7-2014
7-2014
Pending Sales 7-2011
7-2013
7-2014
Current as of August 6, 2014. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14
Closed Sales Actual sales that have closed in a given quarter.
By Price Range – All Properties – Rolling 12 Months 365
351
7-2013
By Property Type
7-2014
7-2013
7-2014
389
207
206
1,194
205
106
104
51
62
28
69
34
73
15
617
36
5
4
577
522
1,116
594
- 43.3%
+ 10.8%
- 0.5%
+ 1.9%
+ 21.6%
+ 21.4%
+ 5.8%
+ 140.0%
- 20.0%
- 15.4%
+ 2.9%
- 6.5%
< $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
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
7-2013 149 190 114 61 29 19 40 11 4 617
7-2014 80 170 115 50 30 17 37 19 4 522
Change - 46.3% - 10.5% + 0.9% - 18.0% + 3.4% - 10.5% - 7.5% + 72.7% 0.0% - 15.4%
7-2013 216 161 92 43 22 9 29 4 1 577
7-2014 127 219 90 56 32 17 36 17 0 594
Compared to Prior Month Single Family Condo Change - 41.2% + 36.0% - 2.2% + 30.2% + 45.5% + 88.9% + 24.1% + 325.0% - 100.0% + 2.9%
6-2014 10 14 7 1 5 1 6 1 0 45
7-2014 6 17 11 5 1 1 2 0 0 43
Change - 40.0% + 21.4% + 57.1% + 400.0% - 80.0% 0.0% - 66.7% - 100.0% -- 4.4%
6-2014 11 25 8 3 3 2 4 3 0 59
7-2014 12 20 6 2 1 3 3 1 0 48
Year to Date Single Family Change + 9.1% - 20.0% - 25.0% - 33.3% - 66.7% + 50.0% - 25.0% - 66.7% -- 18.6%
Condo
YTD 2013 YTD 2014 Change YTD 2013 YTD 2014 Change 73 43 - 41.1% 91 62 - 31.9% 88 90 + 2.3% 78 110 + 41.0% 54 51 - 5.6% 50 44 - 12.0% 32 26 - 18.8% 20 34 + 70.0% 19 12 - 36.8% 14 19 + 35.7% 9 7 - 22.2% 7 13 + 85.7% 18 24 + 33.3% 11 26 + 136.4% 3 8 + 166.7% 2 8 + 300.0% 1 3 + 200.0% 0 0 -297 264 - 11.1% 273 316 + 15.8%
Inventory of Active Listings A measure of the number of homes available for sale at a given time.
By Price Range – All Properties 217 81
237
207
7-2013
222
148
63
By Property Type
7-2014
113
112
201 92
67
73
162
7-2013
7-2014
1,205 106
90
36
603
31
602
541
1,053
512
- 22.2%
- 4.6%
- 6.3%
- 23.6%
- 17.9%
+ 9.0%
- 19.4%
- 15.1%
- 13.9%
- 10.3%
- 15.0%
- 12.6%
< $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
7-2013 29 65 116 89 59 38 117 64 26 603
7-2014 22 61 124 59 53 43 103 55 21 541
Change - 24.1% - 6.2% + 6.9% - 33.7% - 10.2% + 13.2% - 12.0% - 14.1% - 19.2% - 10.3%
Compared to Prior Month Single Family Condo
Condo 7-2013 52 152 121 59 53 29 84 42 10 602
7-2014 41 146 98 54 39 30 59 35 10 512
Change - 21.2% - 3.9% - 19.0% - 8.5% - 26.4% + 3.4% - 29.8% - 16.7% 0.0% - 15.0%
6-2014 22 65 93 57 47 35 95 46 20 480
7-2014 22 61 124 59 53 43 103 55 21 541
Change 0.0% - 6.2% + 33.3% + 3.5% + 12.8% + 22.9% + 8.4% + 19.6% + 5.0% + 12.7%
6-2014 42 151 79 40 33 25 58 37 7 472
7-2014 41 146 98 54 39 30 59 35 10 512
Year to Date Single Family Change - 2.4% - 3.3% + 24.1% + 35.0% + 18.2% + 20.0% + 1.7% - 5.4% + 42.9% + 8.5%
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 August 6, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 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 (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 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 August 6, 2014. All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 16