December, 2019

Detached Single Family

Please note

The contents of this report only reflect detached single family (DSF) unless otherwise noted to include attached single family homes (ASF or ASF + DSF) - in the 7 Metro Denver Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson.

This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market. Dates shown on graphs for timeframes included.

We highly encourage you to review reports published by your REALTOR® Board and REcolorado®. Each report covers a different geography and will report different values for all metrics.

DSF

DSF Talking Points- December 2019

Seasonal inventory hits all time low heading into the New Year for detached homes.

• Active inventory for December down by -23.0% from the previous month and down -34.6% from the same month one year ago, 2,951. Contracts accepted also declined month over month by -21.7% but remained flat from the same month one year ago, or 2,226 units.

• Days on market up to 41 average days to contract, or 23 median days to contract. Both metrics continue to report at a slightly higher value than the previous 7 years in this cycle.

• Home prices usually peak annually in either May or June, this year the peak was in May and prices pulled back from June through September. In December the average sold price was $519,707 which is flat from the previous month, and up 5.2% YOY. Median sold price reported a slight decline -0.6 % from November, but up 4.7% over the same month last year to $445,000.

• Close to list price ratio steady in December at 98.9%. Original to Sold price ratio was down from the last month at 96.8%. Both metrics are likely to decline through the end of the year giving buyers more negotiating power in the last quarter of 2019.

• Flash sales, or units under contract in the first weekend, consistent with last month in December. The number of units under contract in 7 days or less was 28.0%.

• 44.8% of homes closed in December sold for at or over their asking price.

DSF

Year end Review

Year End Review

DSF + ASF

New Listings

YOY: +4.9%

10 Year: +9.0%

Closed Transactions

YOY: +5.8%

10 Year: +41.1%

Odds of Selling

YOY: 0.9%

10 Year: 29.5%

Year End Review

DSF + ASF

Avg DOM

YOY: +24.0%

10 Year: -63.1%

Median DOM

YOY: +62.5%

10 Year: -72.3%

U/C 1 Week

YOY: -14.1%

10 Year: +335.8%

Year End Review

DSF + ASF

2009 vs 2019

Avg: +99.2%

Med: +110.6%

Year End Review

DSF + ASF

Sold Volume

YOY: +9.3%

10 Year: +181.1%

Year End Review

DSF + ASF

Months of Inventory

YOY: +27.1%

10 Year: -71.2%

Year End Review

DSF + ASF

PSF Total

YOY: +3.7%

10 Year: 56.3%

Year End Review

DSF + ASF

Financed

Transactions

YOY: +1.8%

10 Year: +3.9%

December 2019 Review

Market Conditions

HighA: 23,999 Aug 2007

U/C: 4,412 May 2013

S: 4,222 June 2013

X: 3,195 Dec 2011

AverageA: 11,064

U/C: 2,226

S: 2,905

X: 918

LowA: 2,951 Dec 2019

U/C: 1,530 Dec 2009

S: 1,474 Jan 2010

X: 318 Jan 2018

DSF

Current

A: 2,951

U/C: 2,226

S: 2,905

X: 918

Talking points:

May-June represent

the peak buyer

activity then Denver

begins it’s cooling

period which runs

from August-January.

MOMA: -23.0%

U/C: -21.7%

S: +5.7%

X: +45.9%

YOYA: -34.6%

U/C: +0.9%

S: +20.6%

X: -8.7%

The Cycle

DSF

Rising Market:

Feb-Jun 2019

Falling

Market:

Aug-Dec 2019

2019 saw early market activity as we have experienced for the last 6 years. Active units remained below the

anticipated mark with under contract and sold units reporting above expectation. With seasonally rising inventory

and falling demand prices fall back.

Sneak Peek into 2020

DSF + ASF

First Wave:

3rd Weekend

in January

Second Wave:

3rd Weekend

in February

following

Super Bowl

In the last 7 years 2013-2019, Denver’s real estate market has seen two waves of buyer activity in the 1st quarter.

First wave of buyers pick up in the 3rd weekend in January, with the 2nd wave appearing the weekend directly

following the Super Bowl in the 3rd or 4th weekend in February. In years when the Broncos are in the playoff buyer

activity lags from January-February.

2020 Strategy

DSF

Based on previous years in this cycle

(2013-2019) these values represent the

best times to be in the market in 2020.

The market is likely to favor those

sellers who are ready to take advantage

of early buyer activity.

Sellers late to the market in the

summer months are more likely to

spend longer on the market, make price

reductions and sell at lower prices than

spring sellers.

Buyers are most likely to have

negotiating power in the mid summer-

fall.

Supply vs. Demand

High10.1 Jan 2010

Average3.9

Low1.0 Apr 2019

MOM-28.6%

YOY-46.6%

Current1.0

DSF

Talking points:

Months of inventory

represents the

relationship between

buyers and sellers. While

Metro Denver has enjoyed

a stronger market than

national numbers as a

whole, a 6 month supply

of inventory is generally

accepted as a market in

equilibrium.

Supply vs. Demand- Baseline

DSF

In 2019 Denver is experiencing another Extreme Seller’s Market, this metric shows

signs of another compressed cycle. The toughest months for buyers is likely to be

from March through May, with more options available beginning in June through

October.

Supply vs. Demand- By Price Band

DSF

Rapidly declining inventory in the 4th quarter pushed the market into a deep seller’s

market in December. Inventory is incredibly tight leaving few options for buyers.

Supply vs. Demand- By Zip Code

ASF+DSF

Insufficient

Data

Supply vs. Demand - Units for Balance

DSF

The blue bar represents the total active units we had in December vs. the red bar

shows the amount of inventory we would need to offset demand and create a market

in equilibrium. In December Metro Denver had 22.1% of the inventory required to

offset demand.

Supply vs. Demand - Listing Deficiency

ASF+DSF

Insufficient

Data

Pricing

HighAvg: $547,894 May 2019

Med:$465,000 May 2019

AverageAvg: $357,114

Med: $293,292

LowAvg: $225,104 Jan 2009

Med:$175,000 Jan 2009

MOMAvg: -0.6%

Med: -0.6%

YOYAvg: +5.2%

Med: +4.7%

CurrentAvg: $519,707

Med: $445,000

DSF

Talking points:

December’s closed

prices demonstrated

similar gains as

previous years in this

cycle. The bulk of

price appreciation

was established early

in 2019 with growth

slowing in the later

part of the year.

Pricing - Baseline

DSF

Since we can not track average sold price until a property closes this metric lags actual contracts

written in the market. Beginning in February and taking hold by March we saw prices start to

rise through the Compression Cycle. In summer months supply rises, demand tapers off and

prices fall back.

Pricing - 2019 Baseline

DSF

When the anticipated monthly percentage change in price is applied to the actual

dollar amount, Metro Denver did not quite reach the same level of velocity as seen in

this real estate cycle in previous years.

Pricing - 2019 Baseline

DSF

Median sold price also tapered early in 2019, peaking in May. Same as the percentage

change in average sold price since this metric can not be tracked until a property

closes it drags behind actual market activity.

Pricing - 2019 Baseline

DSF

When the anticipated monthly percentage change in median price is applied to the actual dollar

amount Metro Denver, 2019 has fallen short of the anticipated appreciation seen in previous

years. Affordability issues are finally be surfacing in Denver.

Pricing - Average Price by Zip Code

ASF+DSF

Insufficient

Data

Close to List Price Ratios

High101.8% Jun 2015

Average98.7%

Low96.8% Dec 2010

MOM-0.1%

YOY+0.3%

Current98.9%

DSF

Talking points:

Bidding wars picked

up beginning in

February, continuing

through May. While

the market is still

strong in 2019, it’s

slightly less strong

than 2018. Buyers

would be wise to

take advantage of

negotiating power

starting in July

through October.

Close to List Price Ratios-Baseline

DSF

Close to list price ratio as another closed metric is lagging behind current market

activity. 2019 Shows consistently more negotiating power than previous years in this

cycle.

Close to List Price Ratios- By Price Band

DSF

Multiple offers are most likely between March through May. Homes at lower price

points are still showing evidence of more competitive transactions than at higher

price points, even heading into a traditionally slower season.

Close to List Price Ratios- By Zip Code

ASF+DSF

Insufficient

Data

Close to Original Price Ratios-Pricing it Right The First Time

DSF

If homes are priced correctly the first time they will sell faster and for more money.

Approximately 1 in 4 homes are under contract in 7 days or less.

Price Reductions

DSF

High60.7% Dec 2010

Average36.4%

Low16.3% May 2015

MOM+1.4%

YOY-3.6%

Current45.0%

Talking points:

When tide shifts into the

summer months,

inventory grows and our

buyer pool recedes.

Sellers who are unaware

of our seasonal trends

may be caught off guard

and discover the need to

make price reductions as

early as June. Buyers

looking for increased

seasonal affordability

will be rewarded from

July-October.

Price Reductions - Baseline

DSF

More units so far in 2019 are choosing to make price reductions prior to closing. As of

December approximately 45.0% of homes that closed had at least one price

reduction.

Price Reductions - By Price Band

DSF

Price reductions are more likely at higher price points, this graph shows the total

count of listings that made changes to their original list price.

Price Reductions - By Zip Code

ASF+DSF

Insufficient

Data

Price Reductions

High

11% Jan 2011

Average

6.8%Low

4.1% Jun 2019

MOM

0.0%

YOY

+0.8%

Current

-4.6%

DSF

Talking points:

As the tide shifts into

the summer months

inventory grows and

our buyer pool

recedes. Sellers who

are unaware of our

seasonal trends may

be caught off guard

to discover the need

to make price

reductions as early

as June. Buyers

looking for increased

seasonal affordability

will be rewarded in

July-October.

Price Reductions - Baseline

DSF

2019 has shown that price reductions are more likely than previous years in this

cycle, but the size of the price reduction is smaller than what we would typically

expect.

Price Reductions - By Price Band

DSF

Higher price reductions are made at higher price ranges due to the shift of

relationship between supply and demand. The buyer pool at lower price ranges is

significantly larger than at higher price ranges. Few homes sell under $200k or over

$3M making these numbers more volatile.

Price Reductions - By Zip Code

ASF+DSF

Insufficient

Data

Time on Market

HighAvg: 125 Feb 2007

Med: 77 Feb 2007

Average/MedianAvg: 61

Med: 28

LowAvg: 19 May 2018

Med: 5 May 2018

MOMAvg: +20.6%

Med: +27.8%

YOYAvg: +2.5%

Med: -4.2%

CurrentAvg: 41

Med: 23

DSF

Talking points:

In February the

market typically picks

up forcing days on

market drop. Days on

market remain low

until June at which

point they begin to

grow again, until the

cycle repeats itself in

the next year.

Time on Market - Baseline

DSF

Average days on market reporting longer than anticipated in August and September

2019. We expect to see homes moving most quickly for those units closing in March,

April and May. Beginning in June and through the end of the year homes are

expected to spend more time on market.

Time on Market- By Price Band

DSF

Average Days on Market remain low for homes that are lower priced while higher

priced homes are spending more time on the market. Homes priced in the middle tier

are about 4-5 weeks to contract in December.

Time on Market- Baseline

DSF

Median days to contract 3 days longer than expected in December, again this metric

is most closely tied to units that went under contract in September. Time on market

will continue to grow through the end of the year.

Time on Market- By Zip Code

ASF+DSF

Insufficient

Data

Time on Market- Flash Sales

High63.3% May 2015

Average30.3%

Low5.5% Nov 2010

MOM-4.0%

YOY+3.1%

Current28.0%

DSF

Talking points:

The rate of flash sales

trends to its lowest point in

December through

February. Units under

contract in 7 days or less

peaks in April or May

annually. Units going under

contract in the first

weekend after June is less

likely.

Time on Market- Flash SalesBaseline

DSF

Slightly slower start for units that went under contract in the first weekend beginning

of 2019. The peak of the market was achieved in May this year. We expect flash sales

to taper through the end of the year.

Time on Market- Flash SalesBy Price Band

DSF

The market remains competitive at lower price points, while higher prices homes

tend to spend a few weekends longer on the market.

Time on Market- Flash SalesBy Zip Code

ASF+DSF

Insufficient

Data

Odds of Selling

High62.6% Mar 2018

Average38.9%

Low18.6% Jan 2011

MOM+1.4%

YOY+11.5%

Current57.0%

DSF

Talking points:

The odds of selling is a

calculation of all homes

available for sale vs

those that resulted in a

buyer and seller agreeing

to terms of a contract in

a specific month. The

highest odds of selling is

typically in the early

spring as inventory is at

it’s lowest and buyer

activity picks up quickly.

Odds of Selling- Baseline

DSF

The Odds of Selling can be an early market indicator as to how the upcoming months

will perform. While the odds of selling remains high, average prices are tapering off

which could be an indication of an affordability plateau.

Odds of Selling- By Price Band

DSF

The Odds of Selling are highest for homes where Denver’s demand continues to surge

which is for homes between $0 and $399,999.

Odds of Selling- By Zip Code

ASF+DSF

Insufficient

Data

Distressed

HighBank: 38.7% Jan 2009

SS: 12.2% Feb 2012

HUD: 8.4% Jan 2009

AverageBank: 9.1%

SS: 3.6%

HUD: 2.5%

LowBank: 0.0% May 2019

SS: 0.0% Mar 2019

HUD: 0.0% May 2019

MOMBank: 0%

SS: 0%

HUD:0%

YOYBank: 0%

SS:0%

HUD:0%

CurrentBank: 0.1%

SS: 0.1%

HUD: 0.1%

DSF

Talking points:

Buyers looking for

distressed

transactions will

likely be left empty

handed as Metro

Denver has reported

only a handful of

closing each month

for the last 3 years in

a row. 6 Distressed

properties closed in

December 2019.

Interest Rates

DSF

Current: 3.70%

MOM: 0.0%

YOY: -0.85%

Current: $519,707

MOM: -0.6%

YOY: +5.2%

Current: $2,146

MOM: -0.6%

YOY: -4.9%

Based on a 30 year fixed loan and a 10% down payment the recent reduction in interest

rates more than offsets the annual appreciation of a SFD home.

Index

Index

ASF+DSF

December 2019 MOM YOY December 2019 MOM YOY

Active 2,951 -23.0% -34.6% 1,627 -21.8% -15.7%

Under Contract 2,226 -21.7% 0.9% 1,054 -16.1% 20.5%

Sold 2,905 5.7% 20.6% 1,209 13.7% 28.3%

Expired 918 45.9% -8.7% 456 63.4% 16.6%

Odds of Selling 57.0% 1.4% 11.5% 52.1% 2.5% 8.2%

Close/List Price Ratio 98.9% -0.1% 0.3% 98.9% 0.1% 0.3%

Close/Original Price Ratio 96.8% -0.2% -0.5% 96.9% 0.0% 0.8%

Average Sold Price 519,707$ -0.6% 5.2% 371,708$ 2.4% 8.2%

Median Sold Price 445,000$ -0.6% 4.7% 305,000$ -1.3% 3.6%

% of Closed Transactions with Reduced Prices 45.0% 1.4% -3.6% 43.4% 2.1% 15.4%

Average Price Reduction from Original Price -4.6% 0.0% 0.8% -4.6% -0.1% 0.0%

Average DOM 41 20.6% 2.5% 41 24.2% 17.1%

Median DOM 23 27.8% -4.2% 24 20.0% 9.1%

Flash Sales 28.0% -4.0% 3.1% 27.5% -1.1% 12.1%

Months of Inventory 1.0 -28.6% -46.6% 1.3 -35.0% -35.0%

Dirstressed Transactions 0.2% 0.0% -0.1% 0.0% 0.0% -0.2%

Average Interest Rate 3.7% 0.0% -0.8% 3.7% 0.0% -0.8%

Average P&I Payment 2,146$ -0.6% -4.9% 1,535$ 2.4% -2.2%

Greater Metro Denver Update December 2019

MetricDetached Single Family Attached Single Family

This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content

maintained by REcolorado®, Inc. may not reflect all real estate activity in the market. Dates shown on graphs for timeframes included. Adams, Arapahoe, Broomfield, Denver, Douglas,

Elbert, Jefferson. Average Interest Rate and Average P&I Payments are based on the value from FreddieMac.com using a 10% down payment on a 30 year fixed term. Mortgage calculations

are for informational use only and not a guaratnee. Please speak with licensed Loan Officer for details.

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80002 $ 428,664 36 13.1% 0.5 71.7% 98.1% 29.2% 45.8% -4.8%

80003 $ 352,738 27 17.4% 0.5 72.3% 99.8% 38.0% 40.0% -5.9%

80004 $ 445,350 39 17.1% 0.9 62.0% 99.2% 31.9% 51.1% -4.6%

80005 $ 473,009 27 26.8% 1.2 53.9% 98.8% 21.9% 40.6% -4.4%

80007 $ 579,516 42 41.1% 2.1 40.7% 99.0% 13.9% 41.7% -4.6%

80010 $ 318,471 43 16.2% 0.9 60.5% 99.2% 23.7% 42.1% -5.8%

80011 $ 312,984 31 17.6% 0.7 67.9% 99.7% 36.4% 36.4% -4.0%

80012 $ 273,532 30 11.2% 0.8 67.9% 98.9% 32.0% 42.0% -3.7%

80013 $ 350,307 24 10.1% 0.5 73.1% 99.7% 45.5% 30.6% -3.2%

80014 $ 289,148 35 20.1% 1.0 59.7% 98.3% 25.4% 43.7% -5.0%

80015 $ 402,785 32 15.8% 0.7 65.3% 99.4% 33.3% 40.2% -3.3%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80016 $ 541,976 61 36.0% 1.9 44.3% 98.3% 11.5% 58.3% -5.0%

80017 $ 273,364 23 13.5% 0.7 67.7% 99.7% 32.8% 37.9% -3.6%

80018 $ 407,454 39 37.8% 1.9 48.0% 99.5% 28.9% 46.7% -4.0%

80019

80020 $ 432,569 31 18.3% 0.5 70.4% 98.7% 24.6% 56.5% -3.9%

80021 $ 426,582 30 16.2% 1.0 62.9% 99.3% 30.3% 33.3% -3.8%

80022 $ 387,127 50 19.4% 0.9 61.1% 99.2% 19.4% 59.2% -4.7%

80023 $ 613,307 57 36.8% 1.1 52.2% 98.6% 16.7% 47.9% -4.2%

80030

80031 $ 408,380 48 11.8% 0.6 66.9% 99.1% 27.1% 56.3% -5.2%

80033 $ 432,651 38 16.7% 0.6 69.9% 97.8% 40.5% 48.6% -5.2%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80118

80120 $ 444,454 39 19.0% 0.8 64.0% 98.6% 26.2% 42.9% -4.5%

80121 $ 943,185 46 26.9% 1.3 49.4% 99.4% 45.5% 40.9% -6.0%

80122 $ 400,106 27 21.8% 0.8 58.5% 99.0% 37.2% 37.2% -4.0%

80123 $ 426,479 37 13.6% 0.6 68.3% 98.9% 31.5% 50.7% -4.3%

80124 $ 704,585 66 23.6% 1.7 46.3% 97.5% 10.0% 65.0% -4.6%

80125 $ 566,810 40 41.1% 1.7 46.6% 98.9% 25.0% 50.0% -4.1%

80126 $ 532,581 44 19.0% 1.0 59.9% 99.0% 16.7% 53.7% -4.3%

80127 $ 486,391 29 13.2% 1.0 63.4% 99.1% 37.0% 32.6% -4.7%

80128 $ 440,140 42 12.6% 0.7 65.2% 99.2% 25.5% 53.2% -5.4%

80129 $ 482,009 39 17.7% 0.8 66.4% 98.8% 31.0% 45.2% -3.7%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80130 $ 536,776 28 11.1% 0.4 75.0% 99.2% 30.3% 27.3% -4.0%

80134 $ 513,698 51 33.8% 1.7 46.7% 98.7% 22.7% 52.1% -4.5%

80135

80138 $ 539,247 53 35.9% 1.4 47.6% 98.8% 12.5% 52.1% -5.2%

80202 $ 710,063 69 54.2% 3.8 30.6% 98.0% 25.0% 62.5% -7.9%

80203 $ 362,922 60 41.3% 2.1 40.0% 97.6% 14.8% 59.3% -10.4%

80204 $ 514,892 57 38.3% 2.2 40.6% 98.7% 18.3% 50.0% -3.5%

80205 $ 502,344 36 25.7% 1.2 50.0% 99.0% 25.5% 51.1% -5.4%

80206 $ 1,021,853 22 26.1% 1.2 50.7% 97.8% 48.3% 27.6% -6.4%

80207 $ 521,596 32 21.0% 0.7 62.7% 100.0% 41.5% 41.5% -5.3%

80209 $ 931,450 45 42.9% 1.8 42.6% 98.2% 29.2% 50.0% -5.6%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80210 $ 771,857 46 27.2% 1.3 48.3% 97.7% 32.1% 42.9% -5.6%

80211 $ 640,466 36 36.1% 1.5 43.3% 98.2% 24.7% 44.2% -5.0%

80212 $ 595,291 36 30.3% 1.6 51.4% 98.7% 42.1% 26.3% -5.2%

80214 $ 405,078 31 20.5% 1.3 51.2% 98.8% 23.8% 42.9% -6.2%

80215 $ 580,847 39 9.7% 0.7 62.9% 99.1% 45.0% 35.0% -9.6%

80216

80218 $ 442,443 38 35.8% 1.9 43.9% 98.4% 21.7% 34.8% -6.5%

80219 $ 342,595 31 12.6% 0.8 64.8% 98.3% 25.5% 40.0% -5.9%

80220 $ 632,928 46 24.8% 1.1 53.3% 98.3% 33.9% 39.3% -8.0%

80221 $ 371,176 27 18.3% 1.1 57.2% 98.9% 28.6% 42.9% -4.6%

80222 $ 484,262 39 17.6% 1.2 57.3% 99.1% 27.6% 44.8% -4.8%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80223 $ 418,256 51 12.3% 0.7 64.0% 100.2% 40.0% 44.0% -6.4%

80224 $ 441,553 38 30.8% 1.9 46.0% 98.8% 40.0% 50.0% -4.6%

80226 $ 425,358 18 15.9% 1.1 57.3% 99.2% 45.0% 30.0% -5.2%

80227 $ 421,822 35 12.7% 0.5 70.3% 98.8% 33.3% 50.0% -4.7%

80228 $ 439,688 45 15.2% 0.6 66.9% 99.1% 18.4% 61.2% -5.2%

80229 $ 300,330 27 10.5% 0.7 65.1% 100.2% 27.1% 37.3% -3.8%

80230

80231 $ 375,042 36 26.4% 1.2 52.3% 98.5% 21.1% 47.4% -4.0%

80232 $ 355,668 34 10.0% 0.6 71.9% 98.8% 33.3% 38.1% -6.7%

80233 $ 355,162 28 5.7% 0.3 82.4% 99.8% 38.7% 35.5% -3.5%

80234 $ 356,687 43 14.5% 0.5 66.7% 98.6% 35.1% 40.5% -5.1%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80235

80236 $ 364,789 26 27.3% 0.8 63.5% 99.0% 31.8% 36.4% -7.4%

80237 $ 416,538 40 18.6% 1.2 57.6% 98.0% 18.2% 48.5% -6.9%

80238 $ 575,848 40 12.9% 0.5 72.9% 99.8% 27.4% 43.5% -3.3%

80239 $ 343,605 22 4.4% 0.2 78.5% 99.5% 38.5% 15.4% -2.6%

80241 $ 388,052 30 12.5% 0.5 67.2% 99.7% 45.8% 33.3% -4.1%

80246

80247 $ 252,883 61 31.3% 1.5 49.2% 98.2% 24.5% 52.8% -5.0%

80249 $ 357,670 27 17.9% 0.7 65.2% 99.6% 36.1% 29.5% -3.9%

80260 $ 287,996 28 19.0% 0.6 60.6% 99.0% 42.3% 30.8% -3.8%

80401 $ 565,649 48 26.3% 1.2 51.8% 98.0% 30.3% 39.4% -5.2%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80403

80433

80439 $ 880,313 79 43.3% 2.0 42.2% 96.7% 9.4% 53.1% -5.5%

80454

80457

80465 $ 639,379 60 20.0% 1.1 56.2% 99.2% 61.9% 19.0% -5.7%

80470

80601 $ 361,777 50 31.0% 1.5 51.9% 99.3% 25.9% 46.3% -3.2%

80602 $ 496,832 51 28.1% 1.2 50.3% 99.1% 18.2% 39.8% -4.0%

80603

80640 $ 361,669 49 13.5% 0.6 69.6% 98.2% 17.4% 47.8% -4.8%

Index

ASF+DSF

Zip Code Avg Sold Price Avg DOMListing

DeficiencyMSI Odds of Sale % Close/List % UC 7 Days % Reduced Reduced %

Grand Total $ 476,214 41 23.3% 1.1 55.4% 98.9% 27.9% 44.6% -4.8%

80642

80643

Personal Mission Statement

I am committed to helping our clients and their buyers and sellers complete smooth transactions, from initial contract all the way to First American’s closing tables.

Sourcing Page

Megan Aller

First American Title Insurance Company

720-229-6641

Maller@FirstAm.com

Title insurance license: 360158

Real estate license: FA100080623, SkyLightPark LLC

REALTOR NRDS: 219534435

Included in this presentation include data from the following sources:

This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not

guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all

real estate activity in the market. Dates shown on graphs for timeframes included.