Vail Valley / Eagle County
Mar ke t Re p or t YTD t h r u Nov e m b e r 2 0 1 3
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Monthly Indicators November 2013 November was largely another encouraging month for residential real estate. Our attention has shifted from multiyear high prices and sales volumes to seller activity, inventory levels and building permits. And let's not forget the calendar effect. As families gather together, fewer house hunters are scheduling showings and writing offers. Watch for month-to-month activity to moderate while year-over-year comparisons remain strong. New Listings were down 24.5 percent for single family/duplex homes and 21.0 percent for townhouse-condo townhouse condo properties. Pending Sales increased 10.3 percent percent for single family/duplex homes but decreased 5.9 percent for townhouse-condo properties. The Median Sales Price was up 31.3 percent to $722,000 for single family/duplex homes and 23.9 percent to $440,000 for townhouse-condo properties. Months Supply of Inventory decreased 18.3 percent for single family/duplex units and 22.7 percent for townhouse-condo units. Recent economic and jobs data have surprised to the upside by exceeding expectations. This likely keeps the new Federal Reserve leadership on track for March 2014 tapering. Non-farm payrolls grew by 204,000 jobs in October, outperforming Wall Street expectations. In another bullish sign, August payrolls were revised upward to a 238,000 job gain – positive momentum that should support housing recovery. Just in time for the holidays.
Monthly Snapshot - 24.1%
- 22.1%
+ 35.7%
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® 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 Glossary of Terms
2 3 4 5 6 7 8 9 10 11 12 13 14 15
Click on desired metric to jump to that page. Current as of December 10, 2013. All data from the Vail Board of REALTORS® 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 11-2010
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011 11 2011
11-2012 11 2012
53
40
- 24.5%
809
840
+ 3.8%
39
43
+ 10.3%
571
528
- 7.5%
61
42
- 31.1%
532
511
- 3.9%
$550,000
$722,000
+ 31.3%
$535,000
$599,500
+ 12.1%
$1,223,695 $1,406,825 11-2011
11-2012
Days on Market
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
95.6%
+ 2.1%
93.6%
95.4%
+ 1.9%
158
173
+ 9.5%
176
163
- 7.4%
74
56
- 24.3%
76
67
- 11.8%
537
445
- 17.1%
--
--
--
11.5
9.4
- 18.3%
--
--
--
11-2013
Months Supply 11-2010
93.6%
11-2013
Active Listings 11-2010
- 8.9%
11-2013
Affordability Index 11-2010
$1,148,065 $1,046,235
11-2013
` 11-2010
+ 15.0%
11-2013
Pct. of List Price Received 11-2010
Percent Change
11-2013 11 2013
Average Sales Price 11-2010
YTD 2012 YTD 2013
11-2013
Median Sales Price 11-2010 11 2010
Percent Change
11-2013
Closed Sales 11-2010
11-2013
11-2013
Pending Sales 11-2010
11-2012
11-2013
Current as of December 10, 2013. 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 11-2010
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011 11 2011
11-2012 11 2012
62
49
- 21.0%
780
732
- 6.2%
34
32
- 5.9%
555
527
- 5.0%
47
40
- 14.9%
543
510
- 6.1%
$355,000
$440,000
+ 23.9%
$365,000
$422,250
+ 15.7%
+ 36.5%
$783,102
$797,002
+ 1.8%
$774,753 $1,057,915 11-2011
11-2012
11-2013
Pct. of List Price Received 11-2010
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
93.9%
94.7%
+ 0.9%
202
165
- 18.3%
211
204
- 3.3%
111
89
- 19.8%
108
93
- 13.9%
627
462
- 26.3%
--
--
--
12.8
9.9
- 22.7%
--
--
--
11-2013
Months Supply 11-2010
+ 0.7%
11-2013
Active Listings 11-2010
95.2%
11-2013
Affordability Index 11-2010
94.5% 11-2013
Days on Market 11-2010
Percent Change
11-2013 11 2013
Average Sales Price 11-2010
YTD 2012 YTD 2013
11-2013
Median Sales Price 11-2010 11 2010
Percent Change
11-2013
Closed Sales 11-2010
11-2013
11-2013
Pending Sales 11-2010
11-2012
11-2013
Current as of December 10, 2013. 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
826
84
809
840 793
780 732
70 62 53
49 40
2011
2012
+ 48.9% 48 9% - 24.3% 24 3%
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 24.5% 24 5%
47.4% + 47 4%
- 26.2% 26 2%
- 21.0% 21 0%
3% -5 5.3%
- 2.1% 2 1%
+ 3.8% 3 8%
4% -7 7.4%
- 1.6% 1 6%
- 6.2% 6 2%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
New Listings
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2012
53
-29.3%
67
-28.0%
Jan-2013
53
-26.4%
55
-29.5%
Feb-2013
68
+30.8%
55
-32.9%
Mar-2013
58
-33.3%
62
+14.8%
Apr-2013
67
+9.8%
47
-9.6%
May-2013
88
-5.4%
73
-18.9%
Jun-2013
148
+27.6%
116
+27.5%
Jul-2013
126
+32.6%
96
+12.9%
Aug-2013
72
-15.3%
79
+11.3%
Sep-2013
57
+21.3%
48
-14.3%
Oct-2013
63
+31.3%
52
-11.9%
Nov-2013
40
-24.5%
49
-21.0%
12-Month 12 Month Avg
74
+1.0%
67
-8.5% 8.5%
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
Current as of December 10, 2013. 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 43
555
528
43
39
527 453
34
32
393
25
2011
2012
+ 13.6% 13 6% + 56.0% 56 0%
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
+ 10.3% 10 3%
+ 95.5% 95 5%
- 20.9% 20 9%
- 5.9% 5 9%
11 6% + 11.6%
+ 45.3% 45 3%
- 7.5% 7 5%
8 1% + 8.1%
+ 22.5% 22 5%
- 5.0% 5 0%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2012
30
+20.0%
36
+24.1%
Jan-2013
42
+2.4%
41
-18.0%
Feb-2013
41
+20.6%
35
-20.5%
Mar-2013
63
+31.3%
48
-15.8%
Apr-2013
51
-8.9%
39
-2.5%
May-2013
30
-33.3%
52
+6.1%
Jun-2013
49
+6.5%
36
-7.7%
Jul-2013
49
-21.0%
68
+1.5%
Aug-2013
70
-9.1%
64
-5.9%
Sep-2013
53
-10.2%
66
+37.5%
Oct-2013
37
-42.2%
46
-22.0%
Nov-2013
43
+10.3%
32
-5.9%
12-Month 12 Month Avg
47
-6.4% 6.4%
47
-3.6% 3.6%
Pending Sales
571
Single Family/Duplex
Townhouse-Condo
Historical Pending Sales by Month
Single Family/Duplex
80
Townhouse-Condo
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
Current as of December 10, 2013. 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
532
61
543 511
510 437
47
44
2011
42
2012
+ 46.7% 46 7% + 38.6% 38 6%
43
379 40
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
- 31.1% 31 1%
+ 2.4% 2 4%
+ 9.3% 9 3%
- 14.9% 14 9%
11 8% + 11.8%
+ 40.4% 40 4%
- 3.9% 3 9%
2 7% - 2.7%
24.3% + 24 3%
- 6.1% 6 1%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Closed Sales
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2012
57
+96.6%
49
+4.3%
Jan-2013
23
-14.8%
31
-6.1%
Feb-2013
36
+24.1%
32
-11.1%
Mar-2013
38
+11.8%
35
-25.5%
Apr-2013
53
+55.9%
42
-22.2%
May-2013
58
-13.4%
51
+45.7%
Jun-2013
42
0.0%
40
-4.8%
Jul-2013
48
+33.3%
42
+2.4%
Aug-2013
60
-1.6%
65
-1.5%
Sep-2013
54
-26.0%
60
-13.0%
Oct-2013
57
-16.2%
72
-1.4%
Nov-2013
42
-31.1%
40
-14.9%
12-Month 12 Month Avg
47
+1.2%
47
-5.3% 5.3%
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
Current as of December 10, 2013. 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
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Dec-2012
$635,000
-15.9%
$455,000
+7.3%
Jan-2013
$310,000
-47.5%
$395,000
-34.2%
Feb-2013
$736,500
+36.4%
$384,000
-0.9%
Mar-2013
$612,500
-0.4%
$512,000
+55.6%
Apr-2013
$565,000
+30.6%
$675,000
+74.2%
May-2013
$577,000
+7.3%
$330,000
-21.4%
Jun-2013
$459,000
-6.3%
$313,250
-2.2%
Jul-2013
$539,000
-3.3%
$416,250
+30.1%
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%
$440,000
+23.9%
12-Month 12 Month Avg* Avg
$600,000
+10.1%
$422,500
+15.1%
Median Sales Price
$722,000
$599,500 $533,411 $535,000 $555,000
$550,000
$423,000 $463,500
$440,000
$422,250 $365,000
$355,000
2011
2012
2013
- 38.3% 38 3% + 18.7% 31 3% 18 7% + 31.3%
Single Family/Duplex
2011
2012
2013
2011
2012
2013
2011
- 3.7% 3 7%
- 36.0% 36 0%
+ 23.9% 23 9%
31 2% - 31.2%
+ 0.3% 0 3%
+ 12.1% 12 1%
29 5% - 29.5%
Townhouse-Condo
Single Family/Duplex
2012
2013
- 13.7% 13 7% + 15.7% 15 7%
Townhouse-Condo
Year-Over-Year Change
* Median Sales Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Historical Median Sales Price by Month
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
Current as of December 10, 2013. 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
Average Sales Price
Single Family/Duplex
Dec-2012
$1,075,356
Jan-2013
$651,761
Feb-2013
$1,513,347
Mar-2013 Apr-2013
$1,406,825 $1,148,065 $1,101,153 $1,046,235
$1,223,695
$908,664
$1,057,915 $953,617
$783,102 $797,002
$894,133 $774,753
2011
2012
36.9% 9% - 44.1% 44 1% + 36
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
+ 15.0% 15 0%
- 10.7% 10 7%
18.8% - 18 8%
+ 36.5% 36 5%
3% - 21 21.3%
4.3% +4 3%
-8 8.9% 9%
7% - 27 27.7%
- 13 13.8% 8%
1.8% +1 8%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
-30.8%
$977,653
+25.6%
-47.9%
$652,204
-53.3%
+40.3%
$935,489
-4.8%
$832,750
-55.5%
$927,314
+22.3%
$840,334
-29.7%
$987,096
+18.0%
May-2013
$1,133,591
-9.5%
$625,845
-27.6%
Jun-2013
$788,201
-32.4%
$525,095
-20.2%
Jul-2013
$902,062
+9.6%
$571,362
-20.0%
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%
$1,057,915
+36.5%
12-Month 12 Month Avg* Avg $1,049,162
-10.3% 10.3%
$812,837
+3.8%
* Average Sales Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Historical Average Sales Price by Month
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
Current as of December 10, 2013. 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 94.1% 93.6% 95.6%
92.3% 94.5% 95.2%
Pct. of List Price Received
92.6% 93.6% 95.4%
92.7% 93.9% 94.7%
2011
2012
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
+ 6.0% 6 0%
- 0.5% 0 5%
+ 2.1% 2 1%
2.6% +2 6%
+ 2.4% 2 4%
+ 0.7% 0 7%
2 2% + 2.2%
+ 1.1% 1 1%
+ 1.9% 1 9%
+ 7.7% 7 7%
+ 1.3% 1 3%
+ 0.9% 0 9%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2012
93.5%
+3.0%
96.1%
+6.1%
Jan-2013
96.5%
+1.9%
95.6%
+2.9%
Feb-2013
93.5%
-0.8%
95.4%
+1.7%
Mar-2013
94.0%
+4.6%
95.0%
+0.7%
Apr-2013
94.4%
+2.2%
94.2%
+1.1%
May-2013
96.8%
+3.0%
95.3%
+1.5%
Jun-2013
95.5%
+2.6%
95.1%
-0.5%
Jul-2013
94.7%
+0.2%
94.9%
+1.7%
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%
95.2%
+0.7%
12-Month 12 Month Avg* Avg
95.2%
+1.9%
94.8%
+1.3%
* Pct. of List Price Received for all properties from December 2012 through November 2013. 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% 1-2009
1-2010
1-2011
1-2012
1-2013
Current as of December 10, 2013. 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
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Dec-2012
199
-10.4%
233
+0.9%
Jan-2013
187
-3.6%
153
-28.2%
Feb-2013
195
-27.2%
156
-11.4%
Days on Market
230
228 211
243
204
233 176 202 173
165
158
2011
2012
+ 28.6% 28 6% - 35.0% 35 0%
163
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
+ 9.5% 9 5%
- 10.4% 10 4%
- 13.3% 13 3%
- 18.3% 18 3%
5% -2 2.5%
- 23.5% 23 5%
- 7.4% 7 4%
8% - 20 20.8%
-7 7.5% 5%
- 3.3% 3 3%
Single Family/Duplex
Townhouse-Condo
Single Family/Duplex
Townhouse-Condo
Year-Over-Year Change
Mar-2013
98
-52.7%
305
+58.9%
Apr-2013
221
+15.1%
239
-23.4%
May-2013
165
-20.3%
170
-36.3%
Jun-2013
118
-41.3%
204
+9.7%
Jul-2013
133
-1.5%
204
+6.8%
Aug-2013
111
-1.8%
241
+34.6%
Sep-2013
257
+52.1%
185
-5.6%
Oct-2013
140
-15.2%
203
-3.8%
Nov-2013
173
+9.5%
165
-18.3%
12-Month 12 Month Avg* Avg
179
-6.6% 6.6%
212
-2.9% 2.9%
* Days on Market for all properties from December 2012 through November 2013. 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 1-2009
1-2010
1-2011
1-2012
1-2013
Current as of December 10, 2013. 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
Single Family/Duplex
Year-Over-Year Change
Dec-2012
66
+26.9%
90
+1.1%
Jan-2013
127
+95.4%
102
+59.4%
Feb-2013
56
-22.2%
102
+5.2%
Mar-2013
67
+6.3%
79
-29.5%
Apr-2013
73
-18.0%
62
-36.7%
May-2013
69
-6.8%
115
+25.0%
Jun-2013
80
-1.2%
113
-4.2%
Jul-2013
69
-4.2%
88
-26.7%
Aug-2013
80
-16.7%
81
-24.3%
Sep-2013
49
-24.6%
89
-17.6%
Oct-2013
54
-30.8%
82
-27.4%
Nov-2013
56
-24.3%
89
-19.8%
12-Month 12 Month Avg* Avg
71
-23.7% 23.7%
73
-13.1% 13.1%
Affordability Index
111
108 89
81 74
72
69
93
89 76 67
56
2011
2012
2013
2011
2012
2013
2011
+ 65.3% 65 3%
-8 8.6% 6%
24 3% - 24.3%
+ 9.5% 9 5%
+ 60.9% 60 9%
- 19.8% 19 8%
53 2% + 53.2%
Single Family/Duplex
Townhouse-Condo
2012
5 6% + 5.6%
2013
11 8% - 11.8%
Single Family/Duplex
2011
45 9% + 45.9%
2012
21 3% + 21.3%
2013
- 13.9% 13 9%
Townhouse-Condo
Historical Housing Affordability Index by Month
TownhouseCondo
Year-Over-Year Change
* Affordability Index for all properties from December 2012 through November 2013. This is not the average of the individual figures above.
Single Family/Duplex
Townhouse-Condo
140
120
100
80
60
40
20
0 1-2009
1-2010
1-2011
1-2012
1-2013
Current as of December 10, 2013. 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
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2012
501
-22.4%
602
-22.2%
Jan-2013
476
-24.9%
579
-24.5%
Feb-2013
483
-24.2%
581
-26.2%
Mar-2013
458
-30.4%
575
-24.3%
Apr-2013
447
-27.6%
531
-24.0%
May-2013
462
-28.5%
526
-25.6%
Jun-2013
530
-22.9%
579
-20.9%
Jul-2013
581
-16.3%
593
-16.6%
Aug-2013
553
-18.1%
581
-15.7%
Sep-2013
511
-18.0%
523
-21.4%
Oct-2013
492
-11.2%
476
-24.1%
Nov-2013
445
-17.1%
462
-26.3%
12-Month 12 Month Avg
495
-21.9% 21.9%
551
-22.7% 22.7%
Active Listings
770 669
627 537 462
445
2011 5% -8 8.5%
2012 - 19.7% 19 7%
2013 - 17.1% 17 1%
2011
2012 - 18 18.6% 6%
9% -5 5.9%
Single Family/Duplex
2013 - 26 26.3% 3%
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
Current as of December 10, 2013. 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
Single Family/Duplex
Year-Over-Year Change
TownhouseCondo
Year-Over-Year Change
Dec-2012
10.2
-46.3%
12.2
-36.5%
Jan-2013
9.8
-47.0%
11.8
-37.2%
Feb-2013
9.8
-46.2%
11.9
-40.5%
Mar-2013
9.2
-50.8%
12.0
-39.1%
Apr-2013
8.7
-50.8%
11.3
-35.1%
May-2013
9.1
-47.1%
10.9
-39.1%
Jun-2013
10.5
-40.3%
12.1
-32.4%
Jul-2013
11.3
-35.4%
12.3
-27.2%
Aug-2013
10.8
-32.9%
12.1
-22.9%
Sep-2013
10.3
-27.5%
11.1
-22.9%
Oct-2013
10.1
-17.2%
10.1
-21.1%
Nov-2013
9.4
-18.3%
9.9
-22.7%
12-Month 12 Month Avg
9.9
-40.0% 40.0%
11.5
-32.3% 32.3%
Months Supply
19.6
19.5
12.8
11.5
9.9
9.4
2011 3% - 20 20.3%
2012 - 41.3% 41 3%
2013 - 18.3% 18 3%
2012 - 34 34.4% 4%
2011 9% -4 4.9%
Single Family/Duplex
2013 - 22 22.7% 7%
Townhouse-Condo
* Months Supply for all properties from December 2012 through November 2013. 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
Current as of December 10, 2013. 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 11-2010
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011 11 2011
11-2012 11 2012
115
89
- 22.6%
1,589
1,572
- 1.1%
73
75
+ 2.7%
1,126
1,055
- 6.3%
108
82
- 24.1%
1,075
1,021
- 5.0%
$427,500
$580,250
+ 35.7%
$420,000
$525,000
+ 25.0%
+ 20.3%
$963,716
$921,618
- 4.4%
$1,028,322 $1,236,625 11-2011
11-2012
11-2013
Pct. of List Price Received 11-2010
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
11-2011
11-2012
93.8%
95.1%
+ 1.4%
177
169
- 4.5%
194
183
- 5.7%
94
69
- 26.3%
95
76
- 20.4%
1,164
907
- 22.1%
--
--
--
12.1
9.7
- 19.8%
--
--
--
11-2013
Months Supply 11-2010
+ 1.5%
11-2013
Active Listings 11-2010
95.4%
11-2013
Affordability Index 11-2010
94.0% 11-2013
Days on Market 11-2010
Percent Change
11-2013 11 2013
Average Sales Price 11-2010
YTD 2012 YTD 2013
11-2013
Median Sales Price 11-2010 11 2010
Percent Change
11-2013
Closed Sales 11-2010
11-2013
11-2013
Pending Sales 11-2010
11-2012
11-2013
Current as of December 10, 2013. All data from the Vail Board of REALTORS速 MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14
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 region’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 July 12, 2013. All data from the Vail Board of REALTORSÂŽ MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13