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MONTHLY STAT PACK Data through April 30, 2014

MONTHLY RESIDENTIAL REVIEW The data found within the ERA Shields Real Estate Stat Pack is based on information from the Pikes Peak REALTOR® Services Corporation (RSC) or its PPMLS. This content is deemed reliable; however RSC, PPMLS and ERA Shields Real Estate do not guarantee its accuracy. Data maintained by RSC does not reflect all real estate activity in the market. Additional sources include the Colorado Springs Business Alliance, El Paso County Assessor, El Paso County Trustee, Colorado Springs HBA,

Welcome to the ERA Shields Stat Pack. The intent for providing this information to you is to educate you on the current local real estate market so you can better make decisions for you and your family. Real estate markets vary from city to city as well as neighborhood to neighborhood. When the national media reports on how the real estate market is doing, it is reporting on national numbers and it is likely very different from how your neighborhood is performing. You will find factual data within The Stat Pack from which you may draw your own conclusions. You will find a brief summary on the last page.

QUICK FACTS       

The number of Active Listings is up over 10% The number of Sales for the month is down nearly 10% Single Family Building Permits are down 10% The Inventory Level is at 5.4 months, the highest level in almost 2 years The Average & Median Sales Prices are both up 3% 66% of sales in the past month were $250K and under Foreclosure starts in January jumped 28%

This graph compares the number of homes on the market to the number of sales to determine how many months it would take to sell through the current listing inventory. Most economists consider 6.0 months to be a balanced market.


PRICING TOOLS

Determine how your neighborhood is performing

Monthly Area Comparisons for Single Family & Patio Homes This chart is ideal for helping you determine how your neighborhood is doing. If you are considering selling your home, this information is just one tool you can reference to assist you with pricing your home strategically. Call me if you need assistance utilizing this graph. Area Comparisons for Single Family & Patio Homes For April 2014 Black Forest

Area

Listings 102

Solds 16

DOM 79

Inventory 6.4

Med List $ $499,950

Med Sales $ $356,500

SP/LP 71.3%

Briargate

302

63

98

4.8

$348,200

$290,000

83.3%

Calhan

24

1

130

24.0

$218,250

$55,000

25.2%

Central

147

61

82

2.4

$189,900

$175,000

92.2%

Drennan

11

0

n/a

n/a

$100,500

n/a

n/a

East

131

55

83

2.4

$206,500

$165,500

80.1%

Ellicott

18

5

380

3.6

$204,900

$223,000

108.8%

Falcon

29

18

92

1.6

$199,949

$170,450

85.2%

Falcon North Fountain Valley Manitou

217

34

110

6.4

$298,750

$264,595

88.6%

381

130

79

2.9

$219,900

$199,250

90.6%

38

7

187

5.4

$399,499

$290,000

72.6%

Marksheffel

84

17

117

4.9

$284,900

$239,900

84.2%

Midway

9

3

52

n/a

$265,000

$203,000

76.6%

Northeast

205

72

70

2.8

$280,000

$211,000

75.4%

Northgate

165

24

114

6.9

$405,000

$370,750

91.5%

Northwest Old Colorado City Peyton

159

42

102

3.8

$367,400

$324,960

88.4%

51

19

95

2.7

$245,450

$195,500

79.6%

29

6

159

4.8

$399,900

$337,500

84.4%

Powers

245

103

73

2.4

$239,950

$210,000

87.5%

Rock Creek

13

n/a

n/a

n/a

$575,000

n/a

n/a

Southeast

89

53

85

1.7

$146,000

$144,900

99.2%

Southwest

274

43

86

6.4

$450,000

$230,000

51.1%

Tri Lakes

275

41

90

6.7

$465,000

$420,000

90.3%

Ute Pass

27

3

414

9.0

$334,950

$230,000

68.7%

West

50

14

80

3.6

$274,800

$207,450

75.5%

Divide Woodland Park

82

4

71

20.5

$249,900

$244,500

97.8%

119

23

131

5.2

$332,499

$235,900

70.9%

*Inventory = The number of months it would take to sell through the current active listings at the current sales rate if no other homes came on the market. **DOM = Days on Market for the homes which actually sold.


Monthly Price Range Comparisons Single Family & Patio Homes This chart is ideal for helping you determine how your neighborhood is doing. If you are considering selling your home, this information is just one tool you can reference to assist you with pricing your home strategically. If you have questions on how to properly use this data, call me.

PRICING TOOLS

Determine how your neighborhood is performing

List Price

Active Listings

Solds

Days on Market

Inventory

Supply

Demand

Days to Sell

Months

Under $75,000

85

23

89

3.7

$75,000 to $99,999

95

27

72

3.5

$100,000 to $124,999

179

36

106

5.0

$125,000 to $149,999

332

63

98

5.3

$150,000 to $174,999

366

106

92

3.5

$175,000 to $199,999

476

135

84

3.5

$200,000 to $224,999

417

120

116

3.5

$225,000 to $249,999

511

94

92

5.4

$250,000 to $274,999

420

54

113

7.8

$275,000 to $299,999

486

66

92

7.4

$300,000 to $324,999

307

37

146

8.3

$325,000 to $349,999

349

35

83

10.0

$350,000 to $374,999

241

32

110

7.5

$375,000 to $399,999

279

27

130

10.3

$400,000 to $424,999

152

19

92

8.0

$425,000 to $449,999

163

13

144

12.5

$450,000 to $474,999

109

6

92

18.2

$475,000 to $499,999

125

9

67

13.9

$500,000 to $549,999

144

10

131

14.4

$550,000 to $599,999

155

10

72

15.5

$600,000 to $649,999

103

5

109

20.6

$650,000 to $699,999

86

6

173

14.3

$700,000 to $749,999

60

1

103

60.0

$750,000 to $799,999

48

3

203

16.0

$800,000 to $849,999

25

1

39

25.0

$850,000 to $899,999

28

0

n/a

n/a

$900,000 to $949,999

13

0

n/a

n/a

$950,000 to $999,999

24

0

n/a

n/a

$1 mil to $1.50 mil

92

2

42

46.0

$1.5 mil to $2.0 mil

34

0

n/a

n/a

$2.0 mil & above

18

0

n/a

n/a


MONTHLY DATA

COMPARING DATA FOR THE PAST 10 YEARS

Active Listings at the end of the month when compared to the same month the previous 10 years show remarkable improvement.

This graph shows the total number of Solds for the past month. Comparing this data over the past 10 years helps determine what trends are occurring.


MONTHLY DATA

COMPARING DATA FOR THE PAST 10 YEARS

The Average & Median Sales Prices for the same month over the past 10 years. 10 years of data helps you better gauge the current health of the local real estate market.

Chance of Selling

The price range your home is within dictates your odds of selling. Generally the lower your price, the more potential buyers.


APRIL 2014

April 2014 Summary

Through the first 4 months of 2014, the market is sluggish. The number of listings is increasing to a level we feel is healthy as it is allowing buyers some selection for the first in nearly 2 years. However, we expected to see the buyers come out at pace slightly ahead of last year when in fact they are lagging behind 2013. What is to blame for this unexpected slow down? Perhaps the hard winter is to blame, maybe the loss of DoD jobs locally, could it be the uninspired job market in Colorado Springs, or is it the lack of consumer confidence being felt throughout the nation? Whatever the cause, the fact is our local real estate market is not as hot as it was 12 months ago. As we move into the summer months when the majority of buyers make their home purchases we will be closely watching for any trends. If listing inventory continues to bump up while sales lag, at some point prices will begin to drop. For some odd reason our “guts� are telling us the buyers will come into the market and we will see a strong summer season of real estate sales.

April Stat Pack  

ERA Shields monthly statistical report.

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