MONTHLY STAT PACK Data through January 31, 2013

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 is down another 7% and over 31% from 2011 ⇒ The number of Sales for the month jumped almost 40% ⇒ Single Family Building Permits are up 39% from January 2012 ⇒ The Inventory Level is at its lowest level for the month of January in the last decade ⇒ The Average Sales Price is up over 11% while Median Sales Price jumped 19% ⇒ 67.7% of sales in the past 3 months were $250K and under ⇒ Foreclosure starts in January are down nearly 22%

This graph compares the number of homes on the market to the number of sales over the past 3 

months and determines how many months it would take to sell through the current listing inventory. Most economists consider 6.0 months to be a bal‐

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.

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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 November 1, 2012 - January 31, 2013

Area Listings Solds DOM Inventory Avg List $ Avg Sales $ Black Forest 95 30 94 9.5 $ 531,154 $ 357,064

Briargate 159 117 79 4.1 $ 344,726 $ 315,734

Calhan 20 8 233 7.5 $ 179,655 $ 160,528

Central 155 126 86 3.7 $ 233,928 $ 165,172

Drennan 9 7 132 3.9 $ 124,656 $ 148,750

East 126 147 58 2.6 $ 201,937 $ 162,483 Ellicott 37 15 70 7.4 $ 200,233 $ 111,044 Falcon 51 21 108 7.3 $ 237,761 $ 150,950

Falcon North 173 105 78 4.9 $ 284,779 $ 250,939 Fountain Valley 298 313 74 2.9 $ 208,415 $ 187,623

Manitou 27 17 79 4.8 $ 390,589 $ 212,988

Marksheffel 66 34 78 5.8 $ 277,070 $ 215,230

Midway 7 6 153 3.5 $ 208,730 $ 190,000

Northeast 131 186 96 2.1 $ 269,314 $ 207,132

Northgate 90 73 59 3.7 $ 483,692 $ 385,630

Northwest 81 49 65 5.0 $ 416,305 $ 260,731

Old Colorado City 48 38 87 3.8 $ 213,708 $ 169,569

Peyton 29 10 170 8.7 $ 307,593 $ 222,300

Powers 168 205 87 2.5 $ 232,539 $ 222,687

Rock Creek 6 0 N/A N/A $ 715,483 N/A

Southeast 138 114 52 3.6 $ 142,283 $ 128,640

Southwest 214 124 83 5.2 $ 662,746 $ 306,470

Tri Lakes 172 108 78 4.8 $ 505,748 $ 373,313

Ute Pass 30 5 53 18.0 $ 431,633 $ 533,300

West 58 48 74 3.6 $ 568,576 $ 222,777

Divide 43 29 155 4.4 $ 501,316 $ 276,227

Woodland Park 69 43 135 4.8 $ 346,246 $ 285,013

PRICING TOOLS Determine how your neighborhood is performing

3-Month 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  82  51  99  4.8 

$75,000 to $99,999  149  83  74  5.4 

$100,000 to $124,999  195  115  98  5.1 

$125,000 to $149,999  356  166  104  6.4 

$150,000 to $174,999  385  218  96  5.3 

$175,000 to $199,999  427  233  111  5.5 

$200,000 to $224,999  294  179  89  4.9 

$225,000 to $249,999  361  178  102  6.1 

$250,000 to $274,999  255  114  119  6.7 

$275,000 to $299,999  235  95  136  7.4 

$300,000 to $324,999  149  59  100  7.6 

$325,000 to $349,999  182  77  127  7.1 

$350,000 to $374,999  121  44  123  8.3 

$375,000 to $399,999  144  43  111  10.0 

$400,000 to $424,999  69  31  109  6.7 

$425,000 to $449,999  88  25  132  10.6 

$450,000 to $474,999  56  16  128  10.5 

$475,000 to $499,999  75  22  149  10.2 

$500,000 to $549,999  71  14  132  15.2 

$550,000 to $599,999  59  23  145  7.7 

$600,000 to $649,999  44  11  134  12.0 

$650,000 to $699,999  34  13  266  7.8 

$700,000 to $749,999  17  3  164  17.0 

$750,000 to $799,999  28  3  40  28.0 

$800,000 to $849,999  7  2  244  10.5 

$850,000 to $899,999  20  2  350  30.0 

$900,000 to $949,999  8  0  n/a  n/a 

$950,000 to $999,999  16  1  112  48.0 

$1 mil to $1.50 mil  47  5  196  28.2 

$1.5 mil to $2.0 mil  19  1  126  57.0 

$2.0 mil & above  8  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 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 3‐month period the previous 10 years shows remarkable improvement. 

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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. 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. 

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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January 2013 Summary      The local real estate market continues to strengthen; more sales, higher prices, more new homes being built and fewer foreclosure starts.  This bodes well for the balance of 2013.      Last year we still had some concern with the stubborn foreclosure starts.  Although they were down in 2012, they were still at levels considered to be historically high.  If this rate con‐tinues to decrease throughout this year, the distressed sales market will be at a normal rate.      Although mortgage rates continue to be incredibly low, there are new closing costs man‐dated by the Fed with many loan products, in particularly FHA.  Also, in Colorado homeowner’s insurance is rising due to the massive losses due to hail storms and the recent wildfires.      Prices of homes are rising due to low number of homes on the market and the fact more buyers are coming into the market.  It seems buyer confidence is growing.