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MONTHLY STAT PACK Data through November 30, 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 ⇒ ⇒ ⇒ ⇒ ⇒ ⇒ ⇒

The number of Active Listings continues to be way down, over 9% lower than 2011 The number of Sales for the month is up almost 15% Single Family Building Permits are on track to hit 2421 this year, up 40% from 2011 The Inventory Level is down 21% from 2011, the 21st consecutive month The Average Sales Price is up over 6% while Median Sales Price jumped 9% 67% of sales in this year were under $250K Foreclosure starts are flat this year when compared to 2011

Months of Inventory 12.0

11.1 8.9

10.0

8.8

8.0

6.7 5.8

5.3

4.5

4.5

5.4

5.7

6.0 4.5 4.0 2.0 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 September 1, 2012 - November 30, 2012 Area

Listings

Solds

DOM

Inventory

Avg List $

Avg Sales $

Black Forest

110

42

32

7.9

$

560,485

$

440,284

Briargate

181

160

55

3.4

$

332,030

$

318,761

Calhan

26

5

38

15.6

$

176,615

$

144,000

Central

190

142

53

4.0

$

203,627

$

149,770

Drennan

9

5

178

5.4

$

135,111

$

69,250

East

137

156

73

2.6

$

206,507

$

208,566

Ellicott

30

14

73

6.4

$

191,041

$

182,833

Falcon

47

27

80

5.2

$

244,615

$

182,667

Falcon North

155

87

87

5.3

Fountain Valley

358

297

77

3.6

$ $

271,590 206,037

$ $

249,217 183,412

Manitou

27

16

86

5.1

$

414,015

$

226,475

Marksheffel

62

29

62

6.4

$

253,315

$

224,476

Midway

7

5

142

4.2

$

211,457

$

92,500

Northeast

172

208

64

2.5

$

272,571

$

215,300

Northgate

103

87

52

3.6

$

454,436

$

332,092

Northwest

98

78

83

3.8

$

424,948

$

282,650

Old Colorado

55

58

53

2.8

$

229,260

$

172,243

Peyton

34

10

181

10.2

$

347,237

$

372,450

Powers

186

210

71

2.7

$

227,867

$

211,496

Rock Creek

6

2

266

9.0

$

749,667

$

407,250

Southeast

147

115

47

3.8

$

141,221

$

129,387

Southwest

226

122

67

5.6

$

667,424

$

339,498

Tri Lakes

193

114

113

5.1

$

504,946

$

387,640

Ute Pass

29

12

21

7.3

$

427,740

$

275,000

West

69

53

34

3.9

$

579,948

$

261,828

Divide

50

32

198

4.7

$

441,260

$

219,989

Woodland Park

88

56

96

4.7

$

402,715

$

244,422

*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 

86 

37 

95 

7.0 

$75,000 to $99,999 

142 

88 

87 

4.8 

$100,000 to $124,999 

198 

114 

104 

5.2 

$125,000 to $149,999 

356 

195 

105 

5.5 

$150,000 to $174,999 

395 

253 

92 

4.7 

$175,000 to $199,999 

405 

253 

102 

4.8 

$200,000 to $224,999 

326 

169 

81 

5.8 

$225,000 to $249,999 

338 

181 

92 

5.6 

$250,000 to $274,999 

241 

148 

102 

4.9 

$275,000 to $299,999 

202 

125 

110 

4.8 

$300,000 to $324,999 

120 

68 

104 

5.3 

$325,000 to $349,999 

166 

72 

135 

6.9 

$350,000 to $374,999 

99 

69 

98 

4.3 

$375,000 to $399,999 

137 

53 

105 

7.8 

$400,000 to $424,999 

74 

29 

97 

7.7 

$425,000 to $449,999 

85 

34 

91 

7.5 

$450,000 to $474,999 

60 

18 

126 

10.0 

$475,000 to $499,999 

72 

21 

104 

10.3 

$500,000 to $549,999 

70 

18 

99 

11.7 

$550,000 to $599,999 

59 

23 

184 

7.7 

$600,000 to $649,999 

41 

178 

17.6 

$650,000 to $699,999 

44 

14 

170 

9.4 

$700,000 to $749,999 

22 

213 

33.0 

$750,000 to $799,999 

30 

165 

22.5 

$800,000 to $849,999 

304 

6.8 

$850,000 to $899,999 

21 

50 

63.0 

$900,000 to $949,999 

n/a 

n/a 

$950,000 to $999,999 

10 

112 

30.0 

$1 mil to $1.50 mil 

55 

85 

41.3 

$1.5 mil to $2.0 mil 

19 

n/a 

n/a 

$2.0 mil & above 

11 

n/a 

n/a 


ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

Active Listings 5967

4124

3944

3817

6000

5547

5399

5000

4746

4301

4188

3667

3322

4000 3000 2000 1000 0

Nov‐12

Nov‐11

Nov‐10

Nov‐09

Nov‐08

Nov‐07

Nov‐06

Nov‐05

Nov‐04

Nov‐03

Nov‐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 3284 2794

3500 3000

2601

2279 2477

2085

2390 1882

1776

2075

2308

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

$270,000 $250,000 $230,000 $210,000

Average Median

$190,000 $170,000 $150,000 2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

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. 

25.0% 20.0% 15.0% 10.0%

Odds of  Selling

5.0% 0.0%

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


November 2012 Summary      The market continues to show great improvement with inventory levels shrinking for 22   consecutive months, sales rates up for 15 of the last 17 months, inventory rates improving 21  consecutive months and most importantly sales prices are up 9 straight months.       Additionally other statistics demonstrate we are on solid footing including building permits  for single family homes up dramatically and foreclosures beginning to decline once again. Much  of the credit for these improvements must go to the ridiculously low mortgage rates as well as  buyers realizing the current housing market is offering values not seen in 30+ years, perhaps  ever.  Real Estate may be the only investment you have which you expect a positive financial   return as well as an emotional one.       The greatest immediate threat to the housing recovery has to be the “fiscal cliff” as well as  the proposed elimination of the Mortgage Interest Deduction (MID).  If the MID is completely  eliminated, the effect on the majority of homeowners is several thousand dollars.         Be sure to watch for our 2012 Annual Review in early January.        


November Stat Pack