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MONTHLY STAT PACK Data through August 31, 2012

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 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

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The number of Active Listings continues to be way down, nearly 14% lower than 2011 The number of Sales for the month were up 8% 19.3% of Sales in the past month were reported as distressed The Inventory Level is down 20% from 2011, the 18th consecutive month The Average Sales Price is up 6.48% while Median Sales Price is up 10.2% 64% of sales in the last 3 months were under $250K Foreclosure starts have crept up when compared to 2011

Months of Inventory 9.0

7.5

8.0 7.0

4.0

8.1

5.7

6.0 5.0

8.5

5.0 4.4

4.0

5.4 4.3

3.6

3.3

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. For June 1, 2012 - August 31, 2012 Area

Listings

Solds

DOM

Inventory

Avg List $

Avg Sales $

Black Forest

139

61

142

6.8

$

583,718

$

383,207

Briargate

201

198

64

3.0

$

341,689

$

297,675

Calhan

29

8

103

10.9

$

185,722

$

154,967

Central

226

201

78

3.4

$

233,910

$

183,282

Drennan

19

4

91

14.3

$

136,492

$

135,000

East

151

164

52

2.8

$

215,535

$

175,977

Ellicott

35

13

110

8.1

$

232,443

$

102,667

Falcon

58

23

155

7.6

$

246,965

$

202,250

Falcon North

179

119

62

4.5

Fountain Valley

367

329

69

3.3

$ $

280,800 200,206

$ $

259,011 190,961

Manitou

44

20

209

6.6

$

397,215

$

237,500

Marksheffel

44

28

66

4.7

$

260,149

$

226,568

Midway

13

3

367

13.0

$

154,108

$

235,000

Northeast

239

247

54

2.9

$

272,204

$

222,255

Northgate

128

97

75

4.0

$

460,289

$

364,927

Northwest

110

103

82

3.2

$

413,821

$

327,224

Old Colorado

64

44

81

4.4

$

218,406

$

203,875

Peyton

35

17

90

6.2

$

421,755

$

178,884

Powers

221

285

65

2.3

$

234,237

$

203,494

Rock Creek

8

2

102

12.0

$

623,500

$

180,800

Southeast

144

141

61

3.1

$

146,347

$

126,271

Southwest

274

141

110

5.8

$

674,096

$

296,408

Tri Lakes

271

146

84

5.6

$

479,872

$

389,824

Ute Pass

31

10

71

9.3

$

469,139

$

165,653

West

79

45

61

5.3

$

478,043

$

381,391

Divide

70

38

192

5.5

$

396,471

$

215,587

Woodland Park

99

47

105

6.3

$

451,986

$

297,793

*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  $75,000 to $99,999  $100,000 to $124,999  $125,000 to $149,999  $150,000 to $174,999  $175,000 to $199,999  $200,000 to $224,999  $225,000 to $249,999  $250,000 to $274,999  $275,000 to $299,999  $300,000 to $324,999  $325,000 to $349,999  $350,000 to $374,999  $375,000 to $399,999  $400,000 to $424,999  $425,000 to $449,999  $450,000 to $474,999  $475,000 to $499,999  $500,000 to $549,999  $550,000 to $599,999  $600,000 to $649,999  $650,000 to $699,999  $700,000 to $749,999  $750,000 to $799,999  $800,000 to $849,999  $850,000 to $899,999  $900,000 to $949,999  $950,000 to $999,999  $1 mil to $1.50 mil  $1.5 mil to $2.0 mil  $2.0 mil & above 

71  165  198  388  436  499  337  416  275  259  149  197  153  175  79  99  69  81  100  87  49  62  28  43  16  24  7  11  58  21  13 

47  116  131  208  260  297  217  252  146  145  113  93  67  74  32  43  18  25  32  31  14  16  3  8  0  6  2  1  7  0  1 

92  110  100  89  84  88  84  96  107  111  129  106  110  102  108  134  86  139  122  119  186  158  114  101  n/a  495  193  509  413  n/a  641 

4.5  4.3  4.5  5.6  5.0  5.0  4.7  5.0  5.7  5.4  4.0  6.4  6.9  7.1  7.4  6.9  11.5  9.7  9.4  8.4  10.5  11.6  28.0  16.1  n/a  12.0  10.5  33.0  24.9  n/a  39.0 


ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

Active Listings 8000 7052

7000

6323

6045

5839

6000

5040 4231

4390 4451 4472

5000

4484

3861

4000 3000 2000 1000 0

Aug‐12

Aug‐11

Aug‐10

Aug‐09

Aug‐08

Aug‐07

Aug‐06

Aug‐05

Aug‐04

Aug‐03

Aug‐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 4500

4091

2982

4000

3764

3738 3257

3500

3094 2531 2710

2314

2501

2717

3000 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

$290,000 $270,000 $250,000 $230,000

Average

$210,000

Median

$190,000 $170,000 $150,000 Jan‐02

Jan‐03

Jan‐04

Jan‐05

Jan‐06

Jan‐07

Jan‐08

Jan‐09

Jan‐10

Jan‐11

Jan‐12

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.  


August 2012 Summary      There continues to be much good news in the local real estate market; home values             increasing, building permits up, inventory levels are low and mortgage rates are incredibly  low...all of these point to an improving real estate market. The only items which give us some  pause locally are foreclosure starts are inching up and the lack of new jobs to the area. It does  seem many homeowners who can afford their monthly mortgage payments and would like to  sell (but don’t have to) are either staying put or leasing their home.  The outlook for the rest of  the year has us cautiously optimistic.  


August Stat Pack