MONTHLY STAT PACK Data through June 30, 2014

QUARTERLY RESIDENTIAL REVIEW

Welcome to the ERA Shields Stat Pack. The intention for providing this infor-

mation 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 num-

bers 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 for the quarter were up 9.5%

The number of Sales for the quarter were up 88 units (+2.9%)

Single Family Building Permits are down 170 units from last year (-10%)

The Average REAL Inventory Level for the Quarter is down to 5.1 months

The Average Sales Price and Median Sales Price both increased more than 4%

60% of sales in this quarter were under $250K

Foreclosure starts YTD are nearly even with 2013 at 1049

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 Regional Business Alliance, El Paso County Assessor, El Paso County Trustee, Colorado Springs HBA, PPAR, The Gazette, The CSBJ and NAR.

This graph compares the number of homes on the market (Active, Under

Contract & Pending) to the number of homes Sold. It

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.

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Months of REAL Inventory Months

QUARTERLY 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.

*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.

For April 1, 2014 through June 30, 2014

Area Listings Solds DOM Inventory Med List $ Med Sales $

Black Forest 152 53 87 8.6 $435,000 $375,000

Briargate 314 240 82 3.9 $295,000 $304,000

Calhan 22 9 130 7.3 $229,500 $98,001

Central 171 212 76 2.4 $171,250 $168,000

Drennan 12 5 93 7.2 $127,450 $160,000

East 170 211 52 2.4 $185,450 $176,500

Ellicott 24 17 156 4.2 $220,000 $175,000

Falcon 33 37 85 2.7 $189,900 $172,500

Falcon North 232 146 92 4.8 $269,900 $269,871

Fountain Valley 401 450 80 2.7 $175,000 $193,000

Manitou 47 20 130 7.1 $339,450 $330,500

Marksheffel 79 65 101 3.6 $228,000 $251,500

Midway 5 7 42 2.1 $132,000 $212,000

Northeast 242 256 66 2.8 $219,900 $210,775

Northgate 182 102 94 5.4 $340,000 $362,375

Northwest 199 135 88 4.4 $328,000 $310,000

Old Colo City 72 58 92 3.7 $214,900 $194,750

Peyton 21 16 91 3.9 $354,500 $319,950

Powers 251 335 69 2.2 $212,500 $218,000

Rock Creek 10 4 117 n/a $385,000 $283,500

Southeast 80 168 75 1.4 $130,000 $140,500

Southwest 337 163 80 6.2 $336,000 $300,000

Tri Lakes 296 187 91 4.7 $399,900 $387,000

Ute Pass 45 12 202 11.3 $275,000 $210,000

West 62 41 83 4.5 $239,900 $215,000

Divide 101 24 138 12.6 $229,900 $212,000

Woodland Park 156 66 132 7.1 $275,000 $268,500

QUARTERLY PRICING TOOLS Determine how your price range is performing

3-Month Price Range Comparisons for Single Family & Patio Homes This chart is ideal for helping you determine how your price range 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 Solds Days on Market Inventory

Supply Demand Days to Sell Months

Under $75,000 67 59 79 3.4

$75,000 to $99,999 87 72 86 3.6

$100,000 to $124,999 178 133 72 4.0

$125,000 to $149,999 193 237 92 2.4

$150,000 to $174,999 359 331 74 3.3

$175,000 to $199,999 502 427 75 3.5

$200,000 to $224,999 463 335 90 4.1

$225,000 to $249,999 532 329 80 4.9

$250,000 to $274,999 440 239 97 5.5

$275,000 to $299,999 508 243 102 6.3

$300,000 to $324,999 327 128 109 7.7

$325,000 to $349,999 371 148 84 7.5

$350,000 to $374,999 250 103 106 7.3

$375,000 to $399,999 278 119 106 7.0

$400,000 to $424,999 146 57 107 7.7

$425,000 to $449,999 177 59 95 9.0

$450,000 to $474,999 109 34 106 9.6

$475,000 to $499,999 145 36 93 12.1

$500,000 to $549,999 150 43 95 10.5

$550,000 to $599,999 152 43 116 10.6

$600,000 to $649,999 89 22 108 12.1

$650,000 to $699,999 91 22 128 12.4

$700,000 to $749,999 47 9 125 15.7

$750,000 to $799,999 60 9 137 20.0

$800,000 to $849,999 26 2 20 39.0

$850,000 to $899,999 34 2 1074 51.0

$900,000 to $949,999 15 1 90 45.0

$950,000 to $999,999 32 2 159 48.0

$1 mil to $1.50 mil 104 7 213 44.6

$1.5 mil to $2.0 mil 38 0 N/A N/A

$2.0 mil & above 21 1 119 63.0

3-MONTHS OF DATA COMPARING DATA OVER THE PAST 10 YEARS

Average Active Listings for the Quarter when compared to the same period the previous 10 years.

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.

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Quarterly Sales

3-MONTHS OF DATA COMPARING DATA OVER THE PAST 10 YEARS

The Average & Median Sales Prices for the same quarter over the past 10 years.

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

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$190,000

$210,000

$230,000

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2nd Quarter Review 2014

The Colorado Springs Metro Area residential real estate market has become a tale of two

markets; the market under $300,000 and the market above $300,000.

Under $300,000 the inventory levels are very low mostly due to strong demand. In this

range if a home is priced well and in very good condition it often times will sell in less than a

week with more than one offer. The real trick in this range is getting the appraisal to come

in at the contract price.

In the market above $300,000 we are seeing many new listings come on the market while

the traditional summer influx of buyers has not been something to brag about. In this range

you might see a nice home, priced well sit on the market. The biggest concern for sellers in

this range is just getting showings. A year ago we were begging for more homes to come on

the market in this range to allow buyers some selection. Today the selection has improved

but the buyers are now scarce.

In our opinion, the reason for the two distinct markets is the lack of high paying primary

jobs in the area and the concern many DoD contractors have as to whether or not their

contract will be extended. Amazing what a difference a decade makes when in 2004

Colorado Springs was often referred to as Silicon Mountain due to all of the chip makers and

high tech companies flooding the area.

Many economists say the Colorado Springs market lags 6 months behind the Denver

market. We surely hope this to be the case again as the Denver market is exploding at this

time in all price ranges.

It will be interesting to see how the second half of the year unfolds. For Colorado Springs

to begin to reach its potential it will take a team approach, our City & County leaders must

lead us in creating new jobs while we the citizens do our part in supporting them. We also

expect mortgage rates will rise as the Fed pulls out of buying down these rates which will be

a real test of just how healthy our economy really is.