Real Estate Reports July 2013

Vail Valley / Eagle County

YTD Th r u July 2 0 1 3

To Our Valued Clients, Team Black Bear knows that information is power and we want to share all of our knowledge of the real estate market with you. Armed with the facts and trends, you are able to make the best possible decisions in a constantly changing world. With this in mind, we are sending you this summary of the 2012 real estate market in the Vail Valley. It won't be long before the housing recovery is simply referred to as housing. Institutional and cash buyers have effectively priced themselves out of the market. During the downturn, much inventory was purchased by these groups. Now that prices are rising, there's less incentive for these kinds of buyers, yet affordability for consumers remains attractive. New Listings were up 33.7 percent for single family-duplex homes and 11.8 percent for townhouse-condo properties. Pending Sales decreased 12.9 percent for single family-duplex homes but increased 6.0 percent for townhouse-condo properties. The Median Sales Price was up 9.6 percent to $902,062 for single familyduplex homes but decreased 19.1 percent to $577,613 for townhouse-condo properties. Monthâ&#x20AC;&#x2122;s Supply of Inventory decreased 38.9 percent for single family-duplex units while townhouse-condo units decreased by 30.8 percent. With mortgage rates slightly up but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Although the unemployment rate remains a factor to watch, the housing recovery continues to plug along, helping the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters. If you have any questions, give us a call or send an email. Remember to LIKE us on Facebook and follow our blog. We are your complete source of information for real estate in Vail Valley/Eagle County, Colorado.

Sincerely,

Joan Harned 970.376.1356 Joan@TeamBlackBear.com Broker/Investor Keller Williams Mountain Properties

Th e Vail Valley/Eag le Co u n t y r eal est at e m ar k et p er f o r m s q u it e d if f er en t ly t h an t h e n at io n al aver ag e. Even in an ar ea t h e size o f Eag le Co u n t y, m ar ket t r en d s can var y d r am at ically f r o m n eig h b o r h o o d t o n eig h b o r h o o d . Wh en yo u ar e co n t em p lat in g a lar g e f in an cial co m m it m en t su ch as t h e p u r ch ase o r sale o f a h o m e, yo u n eig h b o r h o o d ’s m icr o -m ar ket d at a can m ake a b ig d if f er en ce in yo u r f in an cial d ecisio n s. Th e Vail Bo ar d o f Realt o r s co m p iles q u ar t er ly an d year -en d r ep o r t s o f m icr o -m ar ket st at ist ics t o h elp yo u m ake b et t er r eal est at e d ecisio n s w h er e it m at t er s t o yo u . If yo u n eigh b o r h o o d is n o t list ed , o r if yo u ’r e u n su r e w h at t h e d at a m ean s f o r yo u r t r an sact io n , sim p ly co n t act Team Black Bear an d w ill b e h ap p y t o p u ll a r ep o r t f o r yo u an d h elp yo u in t er p r et t h e r esu lt s.

Tab le of Con t e n t s M ARKET OVERVIEW NEW LISTINGS SOLD LISTINGS PENDING SALES M EDIAN SOLD PRICE A VERAGE SOLD PRICE PERCENT OF LIST PRICE RECEIVED DAYS ON M ARKET HOUSING A FFORDABILITY INDEX INVENTORY OF A CTIVE LISTINGS M ONTHS SUPPLY OF INVENTORY GLOSSARY OF TERMS

A REAS A RROWHEAD A VON BEAVER CREEK/BACHELOR GULCH CORDILLERA DOTSERO/SWEETWATER EAGLE EAGLE RANCH EAGLE-VAIL EAST VAIL EDWARDS GYPSUM M INTURN REDCLIFF M OUNTAIN STAR NW EAGLE COUNTY

SANDSTONE SINGLETREE VAIL W EST VAIL W ILDRIDGE/ WILDWOOD W OLCOTT

The following Area Reports are thru June 2013 (Q2)

www.TeamBlackBear.com  Info@TeamBlackBear.com  970.337.7777  facebook.com/TeamBlackBear

Joan Harned Joan@TeamBlackBear.com 970.376.1356

Barbara Hogoboom Barbara@TeamBlackBear.com 970.309.1271

Laura Sellards Laura@TeamBlackBear.com 970.331.1766

Angela Maxey Angela@TeamBlackBear.com 970.316.2327

Tom Harned Tom@TeamBlackBear.com 970.376.1357

www.TeamBlackBear.com  Info@TeamBlackBear.com  970.337.7777  facebook.com/TeamBlackBear

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