MONTHLY STAT PACK Data through January 31, 2014

MONTHLY RESIDENTIAL REVIEW

Welcome to the ERA Shields Stat Pack. The intent 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. You will find a brief summary on the last page.

QUICK FACTS The number of Active Listings is up over 10%

The number of Sales for the month is down nearly 10%

Single Family Building Permits are down 10%

The Inventory Level is at 5.4 months, the highest level in almost 2 years

The Average & Median Sales Prices are both up 3%

66% of sales in the past month were $250K and under

Foreclosure starts in January jumped 28%

This graph compares the number of homes on the market to the number of sales to determine 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 Business Alliance, El Paso County Assessor, El Paso County Trustee, Colorado Springs HBA, PPAR, The Gazette, The CSBJ and NAR.

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5.4

4.4

6.7

9.48.9

11.9

10.1

7.5

6.15.2

6.1

Average Months of Inventory

PRICING TOOLS Determine how your neighborhood is performing

Monthly 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.

Area Comparisons for Single Family & Patio Homes

For January 2014

Area Listings Solds DOM Inventory Med List $ Med Sales $ SP/LP

Black Forest 92 12 129 7.7 $330,000 $315,000 95.5%

Briargate 209 35 85 6.0 $329,900 $329,900 100.0%

Calhan 27 3 94 9.0 $210,000 $196,000 93.3%

Central 171 43 58 4.0 $149,900 $145,000 96.7%

Drennan 10 2 63 5.0 $102,700 $99,500 96.9%

East 156 30 71 5.2 $174,700 $170,000 97.3%

Ellicott 27 5 218 5.4 $127,900 $125,000 97.7%

Falcon 29 7 57 4.1 $112,000 $106,500 95.1%

Falcon North 158 30 65 5.3 $251,825 $254,075

100.9%

Fountain Val-ley

389 88 109 4.4 $172,450 $175,250 101.6%

Manitou 27 4 85 6.8 $232,500 $207,500 89.2%

Marksheffel 74 10 73 7.4 $242,500 $237,125 97.8%

Midway 6 3 81 n/a $119,900 $119,000 99.2%

Northeast 167 53 57 3.2 $215,000 $211,000 98.1%

Northgate 112 17 87 6.6 $322,250 $322,750 100.2%

Northwest 127 19 76 6.7 $345,000 $332,000 96.2%

Old Colorado City

55 15 47 3.7 $219,000 $212,000 96.8%

Peyton 25 1 147 25.0 $71,000 $71,000 100.0%

Powers 220 69 85 3.2 $217,000 $217,000 100.0%

Rock Creek 7 1 19 n/a $339,000 $315,000 92.9%

Southeast 101 33 64 3.1 $147,500 $147,500 100.0%

Southwest 214 29 83 7.4 $219,900 $213,000 96.9%

Tri Lakes 188 27 92 7.0 $385,000 $377,500 98.1%

Ute Pass 31 1 20 31.0 $180,000 $175,000 97.2%

West 40 9 88 4.4 $214,000 $206,000 96.3%

Divide 56 5 130 11.2 $199,900 $187,000 93.5%

Woodland Park

86 7 34 12.3 $275,000 $266,000 96.7%

PRICING TOOLS Determine how your neighborhood is performing

Monthly Price Range Comparisons 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 $75,000 104 16 120 6.5

$75,000 to $99,999 109 15 110 7.3

$100,000 to $124,999 188 29 107 6.5

$125,000 to $149,999 341 43 96 7.9

$150,000 to $174,999 376 48 68 7.8

$175,000 to $199,999 448 56 86 8.0

$200,000 to $224,999 370 44 69 8.4

$225,000 to $249,999 378 55 75 6.9

$250,000 to $274,999 302 32 98 9.4

$275,000 to $299,999 309 33 92 9.4

$300,000 to $324,999 197 17 90 11.6

$325,000 to $349,999 208 19 61 10.9

$350,000 to $374,999 176 14 89 12.6

$375,000 to $399,999 179 14 65 12.8

$400,000 to $424,999 86 7 82 12.3

$425,000 to $449,999 81 9 144 9.0

$450,000 to $474,999 56 3 33 18.7

$475,000 to $499,999 80 1 202 80.0

$500,000 to $549,999 97 2 132 48.5

$550,000 to $599,999 98 3 106 32.7

$600,000 to $649,999 61 3 89 20.3

$650,000 to $699,999 61 4 122 15.3

$700,000 to $749,999 32 2 284 16.0

$750,000 to $799,999 47 3 113 15.7

$800,000 to $849,999 14 1 306 14.0

$850,000 to $899,999 17 0 n/a n/a

$900,000 to $949,999 6 0 n/a n/a

$950,000 to $999,999 24 0 n/a n/a

$1 mil to $1.50 mil 62 1 286 62.0

$1.5 mil to $2.0 mil 25 0 n/a n/a

$2.0 mil & above 14 0 n/a n/a

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

This graph shows the total number of Solds for the past month. Comparing this 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 month the previous 10 years show remarkable improvement.

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Active Listings

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Monthly Sales

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

The Average & Median Sales Prices for the same month over the past 10 years. 10 years of data helps you better gauge the current health

of the local real estate market.

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

$150,000

$170,000

$190,000

$210,000

$230,000

$250,000

$270,000

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Average

Median

Chance of Selling

January 2014 Summary

After 2013 was such a solid year for residential real estate, this year has begun not as expected . As 2013 wrapped up there was a dip in under contracts & showings. The lack of under contracts & showings came to fruition in January with low sales numbers and fewer building starts. Despite the low sales numbers, the market is still set-up well for 2014: The number of homes on the market is increasing, which is actually a positive sign. Last year

the limited number of homes on the market pushed home prices up and even made some buyers decide to put off their purchase.

Sales prices continued to increase from the same period in 2013 due to low inventory. Mortgage rates are still incredibly low, which gives buyers greater purchasing power than

the early 2000’s. Despite the low sales numbers, homes in the higher prices are selling at a rate greater than

what we saw in 2013. We expect February sales to also lag, but as the weather warms up, so too will the real estate market. We expect the number of homes on the market to continue to grow to a more healthy level, allowing buyers better selection. We predict the market will be very much balanced in terms of sellers & buyers.

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