Vail Valley / Eagle County
Market Report November 2014 - YTD
www.TeamBlackBear.com Info@TeamBlackBear.com 970.337.7777
Monthly Indicators November 2014 With 2015 near, some are pontificating about a potential change in interest rates. With virtually no inflation, rates will likely remain low for most of 2015 but could flirt with 5.0 percent toward the end of next year. Construction permits and housing starts have upward momentum, which is news in some areas but familiar in others. Prices should continue their ascent but at a tempered pace compared to recent years, which helps preserve affordability for first-time buyers. New Listings were up 15.0 percent for single family/duplex homes and 20.8 percent for townhouse-condo properties. Pending Sales increased 2.8 percent for single family/duplex homes and 27.6 percent for townhouse-condo properties. The Median Sales Price was down 4.4 percent to $722,500 for single family/duplex homes and 4.6 percent to $415,000 for townhouse-condo properties. Months Supply of Inventory decreased 7.3 percent for single family/duplex units and 29.0 percent for townhouse-condo units. Unemployment levels throughout Colorado have plummeted, and the state economy is rated among the tops in the nation. Bolstered by natural resources, mining, healthcare, manufacturing and tourism, the local economy is creating the high quality jobs necessary to fuel new household formations that in turn support housing demand. More Colorado families and individuals are in a much better financial position to acquire and maintain real property.
Monthly Snapshot + 6.1%
- 18.5%
- 4.4%
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 December 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 11-2011
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
40
46
+ 15.0%
825
803
- 2.7%
36
37
+ 2.8%
507
497
- 2.0%
40
42
+ 5.0%
500
467
- 6.6%
$756,000
$722,500
- 4.4%
$600,000
$650,000
+ 8.3%
$1,459,341 $1,057,551 11-2012
11-2013
Days on Market
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
95.7%
+ 0.2%
95.6%
95.5%
- 0.1%
181
125
- 30.9%
163
159
- 2.5%
47
48
+ 2.1%
59
53
- 10.2%
502
428
- 14.7%
--
--
--
10.9
10.1
- 7.3%
--
--
--
11-2014
Months Supply 11-2011
95.5%
11-2014
Active Listings 11-2011
+ 18.4%
11-2014
Affordability Index 11-2011
$1,054,842 $1,248,517
11-2014
` 11-2011
- 27.5%
11-2014
Pct. of List Price Received 11-2011
Percent Change
11-2014
Avg. Sales Price 11-2011
YTD 2013 YTD 2014
11-2014
Median Sales Price 11-2011
Percent Change
11-2014
Closed Sales 11-2011
11-2014
11-2014
Pending Sales 11-2011
11-2013
11-2014
Current as ofDecember 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 11-2011
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
+ 5.8%
29
37
+ 27.6%
516
599
+ 16.1%
42
45
+ 7.1%
508
571
+ 12.4%
$435,000
$415,000
- 4.6%
$420,000
$470,000
+ 11.9%
$1,017,538 $785,523
- 22.8%
$793,585
$942,862
+ 18.8%
95.3%
94.9%
- 0.4%
94.7%
95.4%
+ 0.7%
213
156
- 26.8%
207
186
- 10.1%
81
84
+ 3.7%
84
74
- 11.9%
496
384
- 22.6%
--
--
--
10.7
7.6
- 29.0%
--
--
--
11-2014
Months Supply 11-2011
765
11-2014
Active Listings 11-2011
723
11-2014
Affordability Index 11-2011
+ 20.8%
11-2014
Days on Market 11-2011
58
11-2014
Pct. of List Price Received 11-2011
48
Percent Change
11-2014
Avg. Sales Price 11-2011
YTD 2013 YTD 2014
11-2014
Median Sales Price 11-2011
Percent Change
11-2014
Closed Sales 11-2011
11-2014
11-2014
Pending Sales 11-2011
11-2013
11-2014
Current as ofDecember 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
November
800
62 52
825
803
58
776
723
765
48
46 40
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 24.6%
- 23.1%
+ 15.0%
- 24.4%
- 22.6%
+ 20.8%
- 2.0%
+ 3.1%
- 2.7%
- 1.1%
- 6.8%
+ 5.8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
New Listings
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Dec-2013 Jan-2014
Year-Over-Year Change
32
-39.6%
66
0.0%
57
+11.8%
53
-1.9%
Feb-2014
35
-48.5%
54
-1.8%
Mar-2014
67
+19.6%
72
+16.1%
Apr-2014
77
+18.5%
72
+56.5%
May-2014
99
+13.8%
87
+20.8%
Jun-2014
141
-2.8%
110
-5.2%
Jul-2014
89
-28.8%
89
-5.3%
Aug-2014
79
+11.3%
52
-33.3%
Sep-2014
52
-5.5%
54
+14.9%
Oct-2014
61
-1.6%
64
+25.5%
Nov-2014
46
+15.0%
58
+20.8%
12-Month Avg
70
-4.9%
69
+5.3%
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 ofDecember 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
November 37
36
37
37 34
599
564
551 507
29
497
516
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 48.0%
- 2.7%
+ 2.8%
- 20.9%
- 14.7%
+ 27.6%
+ 43.9%
- 10.1%
- 2.0%
+ 21.9%
- 6.4%
+ 16.1%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Dec-2013
22
-24.1%
30
-16.7%
Jan-2014
38
-5.0%
48
+17.1%
Feb-2014
38
-7.3%
46
+31.4%
Mar-2014
49
-19.7%
48
+2.1%
Apr-2014
42
-14.3%
70
+79.5%
Pending Sales
Single Family/Duplex
Year-Over-Year Change
May-2014
36
+24.1%
34
-33.3%
Jun-2014
43
-8.5%
39
+11.4%
Jul-2014
59
+22.9%
70
+7.7%
Aug-2014
54
-20.6%
85
+34.9%
Sep-2014
51
0.0%
70
+6.1%
Oct-2014
50
+35.1%
52
+15.6%
Nov-2014
37
+2.8%
37
+27.6%
12-Month Avg
43
-3.2%
52
+13.9%
Townhouse-Condo
Historical Pending Sales by Month
Single Family/Duplex
100
Townhouse-Condo
80
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as ofDecember 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
November
527
60
40
2012
2013
+ 36.4% - 33.3%
42
46
42
571
538 500
508
467
45
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
+ 5.0%
+ 7.0%
- 8.7%
+ 7.1%
+ 39.4%
- 5.1%
- 6.6%
+ 23.4%
- 5.6%
+ 12.4%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Closed Sales
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2013
44
-20.0%
39
-20.4%
Jan-2014
25
+8.7%
29
-6.5%
Feb-2014
30
-16.7%
31
-3.1%
Mar-2014
28
-20.0%
51
+45.7%
Apr-2014
47
-7.8%
50
+22.0%
May-2014
45
-21.1%
57
+11.8%
Jun-2014
46
+12.2%
43
+10.3%
Jul-2014
44
-6.4%
49
+19.5%
Aug-2014
51
-13.6%
60
-7.7%
Sep-2014
54
0.0%
78
+30.0%
Oct-2014
55
-3.5%
78
+9.9%
Nov-2014
42
+5.0%
45
+7.1%
12-Month Avg
43
-7.9%
51
+9.5%
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 ofDecember 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
November $756,000
Median Sales Price
$650,000
$722,500
$600,000 $535,000
$550,000
$470,000 $420,000 $435,000
$364,000
$415,000
$352,500
2012
2013
+ 18.7% + 37.5%
2014
2012
2013
2014
2012
2013
2014
2012
- 4.4%
- 36.5%
+ 23.4%
- 4.6%
+ 1.1%
+ 12.1%
+ 8.3%
- 13.6%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
2013
2014
+ 15.4% + 11.9%
Townhouse-Condo
Historical Median Sales Price by Month
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2013
$607,500
-5.1%
$425,300
-6.5%
Jan-2014
$545,000
+75.8%
$830,000
+110.1%
Feb-2014
$873,750
+18.6%
$1,060,000
+176.0%
Mar-2014
$761,000
+5.0%
$585,000
+14.3%
Apr-2014
$744,000
+31.7%
$757,500
+14.8%
May-2014
$585,000
+3.7%
$500,000
+51.5%
Jun-2014
$535,500
+19.5%
$362,500
+17.9%
Jul-2014
$557,500
+4.2%
$427,000
+1.1%
Aug-2014
$455,000
0.0%
$447,000
-0.7%
Sep-2014
$772,000
-1.0%
$375,000
-9.3%
Oct-2014
$713,890
+0.5%
$452,500
+0.6%
Nov-2014
$722,500
-4.4%
$415,000
-4.6%
12-Month Avg*
$635,000
+3.3%
$469,500
+11.8%
* Median Sales Price for all properties from December 2013 through November 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 ofDecember 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
November $1,459,341
$1,248,517 $1,152,164
$1,239,424
$1,054,842 $942,862
$1,057,551
$1,017,538 $767,553
$793,585
$785,523 $663,035
2012
2013
+ 38.6% + 17.7%
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 27.5%
- 30.5%
+ 53.5%
- 22.8%
+ 4.5%
- 8.4%
+ 18.4%
- 15.6%
+ 3.4%
+ 18.8%
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
Dec-2013
$1,273,268
+15.3%
$878,973
-10.1%
Jan-2014
$1,205,468
+85.0%
$1,410,755
+116.3%
Feb-2014
$1,098,540
-27.4%
$1,246,674
+33.3%
Mar-2014
$1,482,573
+70.7%
$849,114
-8.4%
Apr-2014
$2,160,310
+151.9%
$1,516,715
+58.5%
May-2014
$1,239,178
+8.4%
$1,115,528
+78.2%
Jun-2014
$1,048,943
+32.0%
$727,651
+38.9%
Jul-2014
$848,849
-2.5%
$906,673
+56.1%
Aug-2014
$745,265
+26.8%
$540,089
-40.7%
Sep-2014
$1,640,748
+17.5%
$755,788
-12.8%
Oct-2014
$1,173,243
-12.8%
$944,467
+30.8%
Nov-2014
$1,057,551
-27.5%
$785,523
-22.8%
12-Month Avg*
$1,250,649
+18.0%
$938,777
+15.9%
* Avg. Sales Price for all properties from December 2013 through November 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 ofDecember 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
November 93.5% 95.5% 95.7%
94.4% 95.3% 94.9%
Pct. of List Price Received
93.7% 95.6% 95.5%
93.9% 94.7% 95.4%
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 0.6%
+ 2.1%
+ 0.2%
+ 2.3%
+ 1.0%
- 0.4%
+ 1.1%
+ 2.0%
- 0.1%
+ 1.3%
+ 0.9%
+ 0.7%
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
Dec-2013
94.9%
+1.8%
95.9%
-0.2%
Jan-2014
95.9%
-0.6%
94.2%
-1.5%
Feb-2014
94.2%
+0.7%
93.9%
-1.6%
Mar-2014
96.2%
-0.3%
94.9%
-0.1%
Apr-2014
95.0%
+0.8%
93.4%
-1.0%
May-2014
96.4%
-0.6%
95.5%
+0.2%
Jun-2014
95.9%
+0.3%
95.8%
+0.6%
Jul-2014
95.4%
+0.3%
96.3%
+1.6%
Aug-2014
96.2%
-0.8%
96.4%
+2.6%
Sep-2014
94.0%
-1.2%
96.2%
+2.0%
Oct-2014
95.7%
+0.2%
95.6%
+1.6%
Nov-2014
95.7%
+0.2%
94.9%
-0.4%
12-Month Avg*
95.4%
+0.1%
95.4%
+0.6%
* Pct. of List Price Received for all properties from December 2013 through November 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 ofDecember 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
November 206
213
213
181
177
159
156
207 186
163
159
125
2012
2013
- 34.6% + 13.8%
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
- 30.9%
- 11.6%
+ 3.4%
- 26.8%
- 23.4%
- 7.9%
- 2.5%
- 7.0%
- 2.8%
- 10.1%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2013
137
-32.5%
277
+18.9%
Jan-2014
152
-18.7%
203
+32.7%
Feb-2014
239
+22.6%
192
+23.1%
Mar-2014
180
+119.5%
341
+11.8%
Apr-2014
206
-7.2%
248
+6.0%
May-2014
200
+20.5%
162
-4.7%
Jun-2014
116
+9.4%
173
-16.8%
Jul-2014
110
-19.1%
141
-32.5%
Aug-2014
110
-2.7%
129
-45.1%
Sep-2014
190
-26.1%
174
-5.9%
Oct-2014
152
+8.6%
163
-19.7%
Nov-2014
125
-30.9%
156
-26.8%
12-Month Avg*
167
-5.8%
209
-8.3%
Days on Market
Single Family/Duplex
Townhouse-Condo
Historical Days on Market Until Sale by Month
* Days on Market for all properties from December 2013 through November 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 ofDecember 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.
November
Year to Date
Affordability Index
105
101 81
84
84
74
69
67
59 47
48
2012
2013
2014
2012
2013
2014
2012
- 9.5%
- 29.9%
+ 2.1%
+ 69.4%
- 22.9%
+ 3.7%
+ 6.2%
Single Family/Duplex
Townhouse-Condo
2013
- 14.5%
53
2014
- 10.2%
Single Family/Duplex
2012
+ 24.7%
2013
- 16.8%
2014
- 11.9%
Townhouse-Condo
Historical Housing Affordability Index by Month
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2013
56
-3.4%
79
-3.7%
Jan-2014
61
-48.3%
40
-57.0%
Feb-2014
38
-22.4%
32
-65.6%
Mar-2014
44
-10.2%
57
-18.6%
Apr-2014
45
-29.7%
44
-20.0%
May-2014
59
-4.8%
69
-34.9%
Jun-2014
64
-13.5%
95
-12.0%
Jul-2014
61
-1.6%
80
+1.3%
Aug-2014
75
+4.2%
77
+5.5%
Sep-2014
44
+2.3%
91
+12.3%
Oct-2014
48
+2.1%
76
+2.7%
Nov-2014
48
+2.1%
84
+3.7%
12-Month Avg*
54
-22.7%
62
+1.4%
* Affordability Index for all properties from December 2013 through November 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 ofDecember 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.
November 626 534
502
496 428
2012 - 19.1%
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2013
467
-7.0%
491
-18.3%
Jan-2014
460
-3.8%
485
-15.9%
Feb-2014
442
-9.1%
479
-17.3%
Mar-2014
446
-3.3%
490
-14.9%
Apr-2014
450
-0.9%
456
-14.3%
May-2014
490
+4.0%
481
-9.1%
Jun-2014
552
+1.3%
527
-9.9%
Jul-2014
564
-5.8%
531
-11.5%
Aug-2014
567
-1.4%
472
-20.0%
Sep-2014
511
-5.2%
414
-23.2%
Oct-2014
463
-12.8%
394
-21.7%
Nov-2014
428
-14.7%
384
-22.6%
12-Month Avg
487
-4.9%
467
-16.4%
Active Listings
2013 - 6.0%
2014 - 14.7%
384
2012 - 18.0%
Single Family/Duplex
2014 - 22.6%
2013 - 20.8%
Townhouse-Condo
Historical Inventory of Active Listings by Month
Single Family/Duplex
Townhouse-Condo
1,200
1,000
800
600
400
200 1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
Current as ofDecember 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.
November
Months Supply
12.8 11.5
10.9
10.7
10.1
7.6
2012 - 40.7%
2013 - 5.2%
2014 - 7.3%
2012 - 34.0%
Single Family/Duplex
2014 - 29.0%
2013 - 16.4%
Townhouse-Condo
Historical Months Supply of Inventory by Month
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2013
10.3
-1.0%
10.8
-12.2%
Jan-2014
10.1
+2.0%
10.7
-9.3%
Feb-2014
9.8
-2.0%
10.6
-10.9%
Mar-2014
10.0
+6.4%
10.5
-13.2%
Apr-2014
10.2
+13.3%
9.6
-15.8%
May-2014
11.4
+20.0%
10.0
-9.1%
Jun-2014
12.7
+15.5%
10.9
-11.4%
Jul-2014
13.0
+9.2%
10.9
-13.5%
Aug-2014
13.3
+16.7%
9.7
-21.8%
Sep-2014
12.0
+8.1%
8.3
-27.8%
Oct-2014
10.9
-1.8%
7.8
-27.8%
Nov-2014
10.1
-7.3%
7.6
-29.0%
12-Month Avg
11.2
+6.6%
9.8
-16.7%
* Months Supply for all properties from December 2013 through November 2014. This is not the average of the individual figures above.
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 ofDecember 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 11-2011
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
11-2012
11-2013
+ 1.2%
65
74
+ 13.8%
1,024
1,096
+ 7.0%
82
87
+ 6.1%
1,009
1,038
+ 2.9%
$580,250
$555,000
- 4.4%
$520,000
$547,950
+ 5.4%
$1,233,052 $916,847
- 25.6%
$922,332 $1,080,377
+ 17.1%
95.4%
95.3%
- 0.1%
95.2%
95.4%
+ 0.2%
197
141
- 28.4%
185
174
- 5.9%
61
62
+ 2.7%
68
63
- 6.8%
999
814
- 18.5%
--
--
--
10.8
8.7
- 19.4%
--
--
--
11-2014
Months Supply 11-2011
1,569
11-2014
Active Listings 11-2011
1,550
11-2014
Affordability Index 11-2011
+ 18.2%
11-2014
Days on Market 11-2011
104
11-2014
Pct. of List Price Received 11-2011
88
Percent Change
11-2014
Avg. Sales Price 11-2011
YTD 2013 YTD 2014
11-2014
Median Sales Price 11-2011
Percent Change
11-2014
Closed Sales 11-2011
11-2014
11-2014
Pending Sales 11-2011
11-2013
11-2014
Current as ofDecember 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 276
214
345
11-2013
By Property Type
11-2014
11-2013
11-2014
392 217
206
102
97
62
59
30
62
36
80
22
28
2
555
4
557
511
1,113
1,121
610
- 22.5%
+ 13.6%
- 5.1%
+ 5.2%
- 4.8%
+ 20.0%
+ 29.0%
+ 27.3%
+ 100.0%
- 7.9%
+ 9.5%
+ 0.7%
< $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
11-2013 111 162 121 54 38 19 36 12 2 555
11-2014 75 168 112 48 29 19 42 14 4 511
Change - 32.4% + 3.7% - 7.4% - 11.1% - 23.7% 0.0% + 16.7% + 16.7% + 100.0% - 7.9%
11-2013 164 183 96 43 24 11 26 10 0 557
11-2014 139 224 94 54 30 17 38 14 0 610
Compared to Prior Month Single Family Condo Change - 15.2% + 22.4% - 2.1% + 25.6% + 25.0% + 54.5% + 46.2% + 40.0% -+ 9.5%
10-2014 8 15 16 4 4 2 4 2 0 55
11-2014 3 13 15 1 3 3 4 0 0 42
Change - 62.5% - 13.3% - 6.3% - 75.0% - 25.0% + 50.0% 0.0% - 100.0% -- 23.6%
10-2014 21 29 9 5 5 2 5 2 0 78
11-2014 10 19 6 5 0 1 4 0 0 45
Year to Date Single Family Change - 52.4% - 34.5% - 33.3% 0.0% - 100.0% - 50.0% - 20.0% - 100.0% -- 42.3%
Condo
YTD 2013 YTD 2014 Change YTD 2013 YTD 2014 99 67 - 32.3% 147 131 149 154 + 3.4% 171 209 108 104 - 3.7% 87 86 51 43 - 15.7% 40 52 36 28 - 22.2% 24 27 15 16 + 6.7% 10 17 28 39 + 39.3% 20 37 12 12 0.0% 9 12 2 4 + 100.0% 0 0 500 467 - 6.6% 508 571
Change - 10.9% + 22.2% - 1.1% + 30.0% + 12.5% + 70.0% + 85.0% + 33.3% -+ 12.4%
Inventory of Active Listings A measure of the number of homes available for sale at a given time.
By Price Range – All Properties 65
156 31
127
202
11-2013
145
123
By Property Type
11-2014
96
93
94
175 59
59
144
94
87
32
502
31
11-2013
496
428
11-2014
999 384
814
- 52.3%
- 18.6%
- 28.2%
- 22.0%
+ 1.1%
0.0%
- 17.7%
- 7.4%
- 3.1%
- 14.7%
- 22.6%
- 18.5%
< $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
11-2013 24 56 100 59 54 35 94 56 24 502
11-2014 20 47 68 43 51 31 95 51 22 428
Change - 16.7% - 16.1% - 32.0% - 27.1% - 5.6% - 11.4% + 1.1% - 8.9% - 8.3% - 14.7%
Compared to Prior Month Single Family Condo
Condo 11-2013 41 99 102 64 39 24 81 38 8 496
11-2014 10 79 77 53 43 28 49 36 9 384
Change - 75.6% - 20.2% - 24.5% - 17.2% + 10.3% + 16.7% - 39.5% - 5.3% + 12.5% - 22.6%
10-2014 20 50 87 49 53 36 94 53 21 463
11-2014 20 47 68 43 51 31 95 51 22 428
Change 0.0% - 6.0% - 21.8% - 12.2% - 3.8% - 13.9% + 1.1% - 3.8% + 4.8% - 7.6%
10-2014 15 86 84 52 38 29 50 33 7 394
11-2014 10 79 77 53 43 28 49 36 9 384
Year to Date Single Family Change - 33.3% - 8.1% - 8.3% + 1.9% + 13.2% - 3.4% - 2.0% + 9.1% + 28.6% - 2.5%
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 ofDecember 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 ofDecember 6, 2014.All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 16