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MONTHLY STAT PACK Data through June 30, 2012

QUARTERLY 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 EDC, El Paso County Assessor, El Paso County Trustee, Colorado Springs HBA, PPAR, The Gazette, The CSBJ and NAR.

Welcome to the ERA Shields Stat Pack. The intention 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. On the last page you will find a brief summary.

QUICK FACTS ABOUT 2ND QUARTER

⇒ ⇒ ⇒ ⇒ ⇒ ⇒

The number of Active Listings is down 22% from 2011 (3707 vs 4761) The number of Sales for the quarter were up 4.3% from 2011 (2555 vs 2449) The Inventory Level for the 2nd quarter is down from 5.5 months to 4.4 months The Average Sales Price for the quarter is up 8.5% while Median Sales Price is up 10.5% 65% of sales in the last 3 months were under $250K Foreclosure starts are down just 1.4% compared to 2011

Months of Inventory 7.6

8.0 7.0

6.1

6.0 5.0 4.0

4.1

4.2

4.0 3.4

5.9

6.5 5.5 4.4

3.1

3.0 2.0 1.0 0.0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

This graph compares the  number of homes on the  market to the number of  sales  and determines 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

3-Month 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

For April 1, 2012 - June 30, 2012 Solds DOM Inventory 57 109 7.0

Black Forest

Listings 133

Avg List $ $ 620,070

Avg Sales $ $ 360,336

Briargate

204

191

85

3.2

$

345,586

$

282,766

Calhan

33

8

82

12.4

$

183,506

$

84,500

Central

218

168

71

3.9

$

228,045

$

178,799

Drennan

13

6

112

6.5

$

148,181

$

52,367

East

130

157

73

2.5

$

209,229

$

171,383

Ellicott

41

15

126

8.2

$

246,517

$

193,001

Falcon

53

22

104

7.2

$

249,171

$

182,013

Falcon North

154

118

88

3.9

Fountain Valley

351

302

68

3.5

$ $

283,704 201,881

$ $

241,165 175,616

Manitou

34

18

120

5.7

$

462,103

$

259,233

Marksheffel

35

27

58

3.9

$

244,909

$

213,445

Midway

14

3

232

14.0

$

251,750

$

188,667

Northeast

222

221

72

3.0

$

278,227

$

211,350

Northgate

140

116

77

3.6

$

457,599

$

373,724

Northwest Old Colorado City

129

101

83

3.8

$

407,878

$

331,137

52

46

87

3.4

$

215,656

$

154,827

Peyton

31

14

168

6.6

$

407,800

$

235,571

Powers

231

263

65

2.6

$

232,052

$

203,120

Rock Creek

6

2

19

9.0

$

723,150

$

334,000

Southeast

114

135

67

2.5

$

145,033

$

129,447

Southwest

268

137

105

5.9

$

664,070

$

348,520

Tri Lakes

265

127

92

6.3

$

507,103

$

397,292

Ute Pass

34

12

67

8.5

$

497,112

$

206,908

West

60

44

89

4.1

$

408,257

$

258,478

Divide

77

41

104

5.6

$

394,935

$

191,271

Woodland Park

107

47

113

6.8

$

412,668

$

280,927

*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.


PRICING TOOLS Determine how your neighborhood is performing

3-Month Price Range 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. If you have questions on how to properly use this data, call me. List Price    

Active Listings  Supply 

Solds  Demand 

Days on Market  Days to Sell 

Inventory  Months 

Under $75,000 

82 

51 

111 

4.8 

$75,000 to $99,999 

188 

89 

98 

6.3 

$100,000 to $124,999 

208 

134 

96 

4.7 

$125,000 to $149,999 

378 

234 

108 

4.8 

$150,000 to $174,999 

430 

246 

88 

5.2 

$175,000 to $199,999 

510 

292 

82 

5.2 

$200,000 to $224,999 

329 

209 

94 

4.7 

$225,000 to $249,999 

432 

215 

110 

6.0 

$250,000 to $274,999 

278 

150 

111 

5.6 

$275,000 to $299,999 

295 

129 

108 

6.9 

$300,000 to $324,999 

168 

98 

102 

5.1 

$325,000 to $349,999 

199 

109 

126 

5.5 

$350,000 to $374,999 

146 

62 

129 

7.1 

$375,000 to $399,999 

179 

74 

130 

7.3 

$400,000 to $424,999 

63 

35 

150 

5.4 

$425,000 to $449,999 

110 

34 

130 

9.7 

$450,000 to $474,999 

54 

13 

97 

12.5 

$475,000 to $499,999 

80 

32 

154 

7.5 

$500,000 to $549,999 

96 

32 

118 

9.0 

$550,000 to $599,999 

106 

20 

193 

15.9 

$600,000 to $649,999 

50 

11 

107 

13.6 

$650,000 to $699,999 

59 

15 

139 

11.8 

$700,000 to $749,999 

31 

132 

15.5 

$750,000 to $799,999 

50 

86 

30.0 

$800,000 to $849,999 

16 

158 

24.0 

$850,000 to $899,999 

23 

414 

17.3 

$900,000 to $949,999 

200 

6.0 

$950,000 to $999,999 

15 

170 

45.0 

$1 mil to $1.50 mil 

54 

270 

32.4 

$1.5 mil to $2.0 mil 

28 

n/a 

n/a 

$2.0 mil & above 

12 

467 

18.0 


ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

Active Listings 6870

7000

6595 5917

5704

6000

5126 3880

4372

4431

5000

4761

4352

3704

4000 3000 2000 1000 0

Jun‐12

Jun‐11

Jun‐10

Jun‐09

Jun‐08

Jun‐07

Jun‐06

Jun‐05

Jun‐04

Jun‐03

Jun‐02

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

3 Month  Trend For Solds 3722

4000

3679

3399 2860

3500 3046

2910

2479

2413

2593 2449

3000 2555

2500 2000 1500 1000 500 0

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

This graph shows the total number of Solds for the past 3 months. Comparing   3‐months of data over the past 10 years helps determine what trends are occurring. 


ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

$400,000 $350,000 $300,000 Average $250,000

Median

$200,000 $150,000 Jan‐12

Jan‐11

Jan‐10

Jan‐09

Jan‐08

Jan‐07

Jan‐06

Jan‐05

Jan‐04

Jan‐03

Jan‐02

The Average & Median Sales Prices for the same month over the past 10 years.  The “bubble” is rather noticeable in 2004‐2009.  10 years of data helps you better  gauge the current health of the local real estate market. 

Foreclosure Starts Forecast 6000 5000 4000 3000 2000 1000 0 2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Another indicator of the health of the overall real estate market is foreclosure starts .   The number for 2012 is a forecasted number based on the current pace for the year.   The number of starts continues to improve but remains high. 


2nd Quarter 2012 Summary With the end of the 2nd Quarter we continue to see mostly good signs in the local numbers regarding residential real estate and we expect the 2nd half of the year to continue on this trend. Additionally, we are seeing a new trend in the market which if it continues will have lasting effects on the entire economy. Of great importance and a strong indicator as to where the market is going, the inventory levels remain very low. To determine the inventory rate you take the total numbers of homes on the market and divide it by the numbers of homes which sold. The reason this is something we pay close attention to is because; 1. It forecasts the future – These homes have not sold yet, but if they are priced well and in good condition they likely will sell within the next 90 days. 2. It helps us measure supply & demand. Generally 6.0 months of inventory within a market is considered balanced. Lower demand = higher prices and vice-versa. 3. It allows us to see how many buyers are in the market. 4. A few observations about our inventory levels shows that the number of homes on the market is very low (low supply), while the number of buyers (demand) is average at best and has been so for the past 5 years. Although the number of buyers has remained level for the past few years, all the buyers in 2012 are buyers who were not induced to buy from government incentives, very different from 2009, 2010 and a few in 2011. The other remarkable number thus far in 2012 is the increase in home values. Although there have not been more sales, the low inventory paired with buyers in higher prices ranges has really impacted this in a positive way. One new trend we are seeing is more buyers are now buying newly constructed homes while the number of buyers buying resale homes has dipped slightly in the past 2 months. For the overall health of our local economy this is good news as new homes drive more jobs and more money into the local government. But as a seller you need to take notice and determine what can you do to better compete with the homebuilders. The only hesitation we have currently is the number associated with foreclosures. Foreclosures are slightly down from 2011 which were dramatically better than 2010 & 2009, however we are still on pace to have nearly 3500 foreclosure starts this year. We feel that number needs to be closer to 2500 or below.


June Statistical Report 2012 - ERA Shields Real Estate