MONTHLY STAT PACK Data through August 31, 2012

MONTHLY 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 numbers and it is likely very different from how your neighborhood is perform-ing. 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, 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

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. 

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.

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

4.4 4.03.6

3.3

5.0

7.58.1

5.7

8.5

5.4

4.3

Months of Inventory

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 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 $ 280,800 $ 259,011 Fountain Valley 367 329 69 3.3 $ 200,206 $ 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

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  Solds  Days on Market  Inventory 

   Supply  Demand  Days to Sell  Months 

Under $75,000  71  47  92  4.5 

$75,000 to $99,999  165  116  110  4.3 

$100,000 to $124,999  198  131  100  4.5 

$125,000 to $149,999  388  208  89  5.6 

$150,000 to $174,999  436  260  84  5.0 

$175,000 to $199,999  499  297  88  5.0 

$200,000 to $224,999  337  217  84  4.7 

$225,000 to $249,999  416  252  96  5.0 

$250,000 to $274,999  275  146  107  5.7 

$275,000 to $299,999  259  145  111  5.4 

$300,000 to $324,999  149  113  129  4.0 

$325,000 to $349,999  197  93  106  6.4 

$350,000 to $374,999  153  67  110  6.9 

$375,000 to $399,999  175  74  102  7.1 

$400,000 to $424,999  79  32  108  7.4 

$425,000 to $449,999  99  43  134  6.9 

$450,000 to $474,999  69  18  86  11.5 

$475,000 to $499,999  81  25  139  9.7 

$500,000 to $549,999  100  32  122  9.4 

$550,000 to $599,999  87  31  119  8.4 

$600,000 to $649,999  49  14  186  10.5 

$650,000 to $699,999  62  16  158  11.6 

$700,000 to $749,999  28  3  114  28.0 

$750,000 to $799,999  43  8  101  16.1 

$800,000 to $849,999  16  0  n/a  n/a 

$850,000 to $899,999  24  6  495  12.0 

$900,000 to $949,999  7  2  193  10.5 

$950,000 to $999,999  11  1  509  33.0 

$1 mil to $1.50 mil  58  7  413  24.9 

$1.5 mil to $2.0 mil  21  0  n/a  n/a 

$2.0 mil & above  13  1  641  39.0 

ANNUAL DATA COMPARING DATA FOR THE PAST 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. 

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

0

1000

2000

3000

4000

5000

6000

7000

8000

Aug‐12

Aug‐11

Aug‐10

Aug‐09

Aug‐08

Aug‐07

Aug‐06

Aug‐05

Aug‐04

Aug‐03

Aug‐02

38614484

58395040

63237052

6045

4472445143904231

Active Listings

0

500

1000

1500

2000

2500

3000

3500

4000

4500

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

27172501

231427102531

3094

37644091

3738

32572982

3 Month Trend For Solds

ANNUAL DATA COMPARING DATA FOR THE PAST 10 YEARS

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. 

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.  

$150,000

$170,000

$190,000

$210,000

$230,000

$250,000

$270,000

$290,000

Jan‐02 Jan‐03 Jan‐04 Jan‐05 Jan‐06 Jan‐07 Jan‐08 Jan‐09 Jan‐10 Jan‐11 Jan‐12

Average

Median

0

1000

2000

3000

4000

5000

6000

20122011201020092008200720062005200420032002

Foreclosure Starts Forecast

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.