Market Report thru Nov 2013

www.TeamBlackBear.com [email protected] 970.337.7777

Vail Valley / Eagle County

Market Repor t

YTD t hru Novem ber 2013

http://www.teamblackbear.com/

../../../../[email protected]

November 2013 Monthly Snapshot

One-Year Change in One-Year Change in

Closed Sales All Properties

Active ListingsAll Properties

2

Monthly Indicators

- 24.1% - 22.1% + 35.7%One-Year Change inNovember 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 properties. Pending Sales increased 10.3 percent

Median Sales PriceAll 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 23456789

101112131415

Click on desired metric to jump to that page.

percent for townhouse condo properties. Pending Sales increased 10.3 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.

Single Family/Duplex Activity Overview

Glossary of Terms

Current as of December 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexInventory of Active ListingsMonths Supply of InventoryAll Properties Activity Overview

New ListingsPending SalesClosed SalesMedian Sales PriceAverage Sales PricePercent of List Price Received

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Single Family/Duplex Activity Overview

Key Metrics Historical Sparkbars 11-2012 11-2013 Percent Change YTD 2012 YTD 2013 Percent Change

Key metrics for Single Family properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 53 40 - 24.5% 840 + 3.8%

Pending Sales 39 43 + 10.3% 571 528 - 7.5%

809

- 3.9%

Median Sales Price $550,000 $722,000 + 31.3% $535,000 $599,500 + 12.1%

Closed Sales 61 42 - 31.1% 532 511

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

`

- 8.9%

Pct. of List Price Received 93.6% 95.6% + 2.1% 93.6% 95.4% + 1.9%

Average Sales Price $1,223,695 $1,406,825 + 15.0% $1,148,065 $1,046,235

- 7.4%

Affordability Index 74 56 - 24.3% 76 67 - 11.8%

Days on Market 158 173 + 9.5% 176 163

Current as of December 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

--

Months Supply 11.5 9.4 - 18.3% -- -- --

Active Listings 537 445 - 17.1% -- --

11 2010 11 2011 11 2012 11 2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

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Townhouse-Condo Activity Overview


Median Sales Price $355,000 $440,000 + 23.9% $365,000 $422,250

510 - 6.1%

+ 15.7%

Closed Sales 47 40 - 14.9% 543

732 - 6.2%

Pending Sales 34 32 - 5.9% 555 527 - 5.0%

780

Key metrics for Townhouse-Condo properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 62 49 - 21.0%

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

--


Months Supply 12.8 9.9 - 22.7% -- --

- 13.9%

Active Listings 627 462 - 26.3% -- -- --

Affordability Index 111 89 - 19.8% 108 93

+ 0.9%

Days on Market 202 165 - 18.3% 211 204 - 3.3%

Pct. of List Price Received 94.5% 95.2% + 0.7% 93.9% 94.7%

$797,002 + 1.8%Average Sales Price $774,753 $1,057,915 + 36.5% $783,102

11 2010 11 2011 11 2012 11 2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

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New Listings

New ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-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 Avg 74 +1.0% 67 -8.5%

A count of the properties that have been newly listed on the market in a given month.

70

84

53

62

40

49

November826

793809780

840

732

Year to Date

2011 2012 2013

- 21 0%- 26 2%24 5%24 3% 1 6%+ 3 8%2 1% 6 2%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 48 9% 5 3% 7 4%+ 47 4%12 Month Avg 74 +1.0% 67 8.5%

Historical New Listings by Month


Single Family/Duplex Townhouse-Condo

25

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 21.0%- 26.2%- 24.5%- 24.3% - 1.6%+ 3.8%- 2.1% - 6.2%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 48.9% - 5.3% - 7.4%+ 47.4%

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Pending Sales

Pending SalesSingle


ChangeTownhouse-

CondoYear-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 Avg 47 -6.4% 47 -3.6%

A count of the properties on which offers have been accepted in a given month.

25

43

39

34

43

32

November

393

453

571 555528 527

Year to Date

2011 2012 2013

- 5 9%- 20 9%+ 10 3%+ 56 0% + 22 5%7 5%+ 45 3% 5 0%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 13 6% + 11 6% + 8 1%+ 95 5%12 Month Avg 47 6.4% 47 3.6%

Historical Pending Sales by Month



0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 5.9%- 20.9%+ 10.3%+ 56.0% + 22.5%- 7.5%+ 45.3% - 5.0%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 13.6% + 11.6% + 8.1%+ 95.5%

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Closed Sales

Closed SalesSingle


ChangeTownhouse-

CondoYear-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 Avg 47 +1.2% 47 -5.3%

A count of the actual sales that closed in a given month.

44 43

61

4742 40

November

379

437

532 543511 510

Year to Date

2011 2012 2013

- 14 9%+ 9 3%31 1%+ 38 6% + 24 3%3 9%+ 40 4% 6 1%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 46 7% + 11 8% 2 7%+ 2 4%12 Month Avg 47 +1.2% 47 5.3%

Historical Closed Sales by Month



0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 14.9%+ 9.3%- 31.1%+ 38.6% + 24.3%- 3.9%+ 40.4% - 6.1%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 46.7% + 11.8% - 2.7%+ 2.4%

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Median Sales Price

Median Sales PriceSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

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 Avg* $600,000 +10.1% $422,500 +15.1%

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$463,500

$555,000$550,000

$355,000

$722,000

$440,000

November

$533,411

$423,000

$535,000

$365,000

$599,500

$422,250

Year to Date

2011 2012 2013

+ 23 9%- 36 0%+ 31 3%+ 18 7% 13 7%+ 12 1%+ 0 3% + 15 7%

2011 2012 2013 2011 2012 2013 2011 2012 2013

38 3% 31 2% 29 5%- 3 7%12 Month Avg $600,000 +10.1% $422,500 +15.1%

Historical Median Sales Price by Month* Median Sales Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.



$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

+ 23.9%- 36.0%+ 31.3%+ 18.7% - 13.7%+ 12.1%+ 0.3% + 15.7%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 38.3% - 31.2% - 29.5%- 3.7%

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Average Sales Price

Average Sales Price

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo


Dec-2012 $1,075,356 -30.8% $977,653 +25.6%

Jan-2013 $651,761 -47.9% $652,204 -53.3%

Feb-2013 $1,513,347 +40.3% $935,489 -4.8%

Mar-2013 $832,750 -55.5% $927,314 +22.3%

Apr-2013 $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 Avg* $1,049,162 -10.3% $812,837 +3.8%

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$894,133$953,617

$1,223,695

$774,753

$1,406,825

$1,057,915

November

$1,101,153

$908,664

$1,148,065

$783,102

$1,046,235

$797,002

Year to Date

2011 2012 2013

+ 36 5%- 18 8%+ 15 0%+ 36 9% 13 8%8 9%+ 4 3% + 1 8%

2011 2012 2013 2011 2012 2013 2011 2012 2013

44 1% 21 3% 27 7%- 10 7%12 Month Avg $1,049,162 10.3% $812,837 +3.8%

Historical Average Sales Price by Month* Average Sales Price for all properties from December 2012 through November 2013. This is not the average of the individual figures above.



$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

+ 36.5%- 18.8%+ 15.0%+ 36.9% - 13.8%- 8.9%+ 4.3% + 1.8%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 44.1% - 21.3% - 27.7%- 10.7%

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Percent of List Price Received

Pct. of List Price Received

SingleFamily/Duplex


Townhouse-Condo


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 Avg* 95.2% +1.9% 94.8% +1.3%

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.

94.1% 92.3%93.6% 94.5%95.6% 95.2%

November

92.6% 92.7%93.6% 93.9%95.4% 94.7%

Year to Date

2011 2012 2013

+ 0 7%+ 2 4%+ 2 1%0 5% + 1 3%+ 1 9%+ 1 1% + 0 9%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 6 0% + 2 2% + 7 7%+ 2 6%12 Month Avg 95.2% +1.9% 94.8% +1.3%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from December 2012 through November 2013. This is not the average of the individual figures above.



70.0%

75.0%

80.0%

85.0%

90.0%

95.0%

100.0%

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

+ 0.7%+ 2.4%+ 2.1%- 0.5% + 1.3%+ 1.9%+ 1.1% + 0.9%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 6.0% + 2.2% + 7.7%+ 2.6%

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Days on Market Until Sale

Days on MarketSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Dec-2012 199 -10.4% 233 +0.9%

Jan-2013 187 -3.6% 153 -28.2%

Feb-2013 195 -27.2% 156 -11.4%

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 Avg* 179 -6.6% 212 -2.9%

Average number of days between when a property is listed and when an offer is accepted in a given month.

243233

158

202

173 165

November230 228

176

211

163

204

Year to Date

2011 2012 2013

- 18 3%- 13 3%+ 9 5%- 35 0% 7 5%- 7 4%- 23 5% 3 3%2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 28 6% 2 5% 20 8%- 10 4%12 Month Avg 179 6.6% 212 2.9%

Historical Days on Market Until Sale by Month* Days on Market for all properties from December 2012 through November 2013. This is not the average of the individual figures above.



0

100

200

300

400

500

1-2009 1-2010 1-2011 1-2012 1-2013



2011 2012 2013

- 18.3%- 13.3%+ 9.5%- 35.0% - 7.5%- 7.4%- 23.5% - 3.3%2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 28.6% - 2.5% - 20.8%- 10.4%

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Housing Affordability Index

Affordability IndexSingle


ChangeTownhouse-

CondoYear-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 Avg* 71 -23.7% 73 -13.1%

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.

81

6974

111

56

89

November

2011 2012 2013

19 8%+ 60 9%24 3%8 6%2011 2012 2013

+ 65 3% + 9 5%

72

89

76

108

67

93

Year to Date

13 9%+ 21 3%11 8%+ 5 6%+ 53 2% + 45 9%2011 2012 2013 2011 2012 2013 12 Month Avg 71 23.7% 73 13.1%

Historical Housing Affordability Index by Month* Affordability Index for all properties from December 2012 through November 2013. This is not the average of the individual figures above.



0

20

40

60

80

100

120

140

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013

- 19.8%+ 60.9%- 24.3%- 8.6%2011 2012 2013

+ 65.3% + 9.5%


- 13.9%+ 21.3%- 11.8%+ 5.6%+ 53.2% + 45.9%2011 2012 2013 2011 2012 2013

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Inventory of Active Listings

Active ListingsSingle


ChangeTownhouse-

CondoYear-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 Avg 495 -21.9% 551 -22.7%

The number of properties available for sale in active status at the end of a given month.

669

770

537627

445 462

November

2011 2012 201326 3%18 6%17 1%19 7%

2011 2012 2013

8 5% 5 9%12 Month Avg 495 21.9% 551 22.7%

Historical Inventory of Active Listings by Month



400

500

600

700

800

900

1,000

1,100

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013- 26.3%- 18.6%- 17.1%- 19.7%

2011 2012 2013

- 8.5% - 5.9%

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Months Supply of Inventory

Months SupplySingle


ChangeTownhouse-

CondoYear-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 Avg 9.9 -40.0% 11.5 -32.3%

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.

19.6 19.5

11.512.8

9.4 9.9

November

2011 2012 201322 7%34 4%18 3%41 3%

2011 2012 2013

20 3% 4 9%12 Month Avg 9.9 40.0% 11.5 32.3%

Historical Months Supply of Inventory by Month* Months Supply for all properties from December 2012 through November 2013. This is not the average of the individual figures above.



0.0

10.0

20.0

30.0

40.0

50.0

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013- 22.7%- 34.4%- 18.3%- 41.3%

2011 2012 2013

- 20.3% - 4.9%

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All Properties Activity Overview


Median Sales Price $427,500 $580,250 + 35.7% $420,000 $525,000

1,021 - 5.0%

+ 25.0%

Closed Sales 108 82 - 24.1% 1,075

1,572 - 1.1%

Pending Sales 73 75 + 2.7% 1,126 1,055 - 6.3%

1,589

Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 115 89 - 22.6%

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

--


Months Supply 12.1 9.7 - 19.8% -- --

- 20.4%

Active Listings 1,164 907 - 22.1% -- -- --

Affordability Index 94 69 - 26.3% 95 76

+ 1.4%

Days on Market 177 169 - 4.5% 194 183 - 5.7%

Pct. of List Price Received 94.0% 95.4% + 1.5% 93.8% 95.1%

$921,618 - 4.4%Average Sales Price $1,028,322 $1,236,625 + 20.3% $963,716

11 2010 11 2011 11 2012 11 2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

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Glossary of Terms

New Listings

Pending Sales

Closed Sales

Median Sales Price

Average Sales Price

A research tool provided by the Colorado Association of REALTORS®

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).

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.

A measure of home sales that were closed to completion during the report period.

A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

A sum of all home sales prices divided by total number of sales.

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Inventory of Active Listings

Months Supply of Inventory

Current as of July 12, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13

A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

A measure of how long it takes homes to sell, on average.

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.

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.

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.

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Documents

Market Report thru Nov 2013