MONTHLY STAT PACK Data through May 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 are up over 10%

The number of Sales for the month were flat when compared to 2013

Single Family Building Permits are down 12.8%

The REAL Inventory Level is at 5.5 months

The Average Sales Price is down 2.5%, Median Sales Price was flat

63% of sales in the past month were $250K and under

Foreclosure starts through May are flat

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

Contract) 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.

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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Months of REAL Inventory Months

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 May 2014

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

Black Forest 125 16 78 7.8 $494,997 $330,000 66.7%

Briargate 306 74 66 4.1 $344,950 $311,885 90.4%

Calhan 23 3 170 7.7 $214,900 $155,000 72.1%

Central 153 79 76 1.9 $199,900 $164,500 82.3%

Drennan 10 2 197 5.0 $122,000 $189,750 n/a

East 144 103 28 1.4 $219,700 $182,500 83.1%

Ellicott 16 9 53 1.8 $222,500 $175,000 78.7%

Falcon 32 8 43 4.0 $202,450 $190,000 93.9%

Falcon North 241 38 72 6.3 $298,750 $268,950

90.0%

Fountain Val-ley

416 172 89 2.4 $224,900 $200,000 88.9%

Manitou 40 9 86 4.4 $380,000 $359,900 94.7%

Marksheffel 69 23 93 3.0 $279,900 $258,900 92.5%

Midway 7 4 34 1.8 $279,000 $228,500 81.9%

Northeast 231 94 66 2.5 $270,000 $210,000 77.8%

Northgate 163 31 87 5.3 $397,750 $350,000 88.0%

Northwest 185 43 79 4.3 $380,000 $285,000 75.0%

Old Colorado City

67 17 97 3.9 $247,450 $177,500 71.7%

Peyton 25 5 47 5.0 $404,450 $220,000 54.4%

Powers 246 109 63 2.3 $234,900 $217,000 92.4%

Rock Creek 14 1 259 14.0 $653,502 $282,000 n/a

Southeast 71 59 73 1.2 $146,500 $140,000 95.6%

Southwest 308 62 67 5.0 $505,000 $318,750 63.1%

Tri Lakes 296 57 101 5.2 $470,000 $340,000 72.3%

Ute Pass 35 5 157 7.0 $325,000 $190,000 58.5%

West 56 14 98 4.0 $274,800 $235,000 85.5%

Divide 82 10 179 8.2 $260,000 $179,700 69.1%

Woodland Park

143 18 110 7.9 $325,000 $299,950 92.3%

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 76 19 70 4.0

$75,000 to $99,999 92 26 72 3.5

$100,000 to $124,999 186 47 43 4.0

$125,000 to $149,999 315 85 97 3.7

$150,000 to $174,999 352 122 61 2.9

$175,000 to $199,999 487 146 64 3.3

$200,000 to $224,999 442 95 71 4.7

$225,000 to $249,999 504 113 80 4.5

$250,000 to $274,999 424 83 78 5.1

$275,000 to $299,999 502 85 104 5.9

$300,000 to $324,999 307 37 103 8.3

$325,000 to $349,999 374 43 103 8.7

$350,000 to $374,999 236 36 109 6.6

$375,000 to $399,999 278 42 101 6.6

$400,000 to $424,999 150 12 132 12.5

$425,000 to $449,999 171 21 87 8.1

$450,000 to $474,999 116 7 135 16.6

$475,000 to $499,999 127 10 67 12.7

$500,000 to $549,999 148 15 64 9.9

$550,000 to $599,999 157 12 110 13.1

$600,000 to $649,999 101 7 112 14.4

$650,000 to $699,999 93 5 166 18.6

$700,000 to $749,999 57 5 90 11.4

$750,000 to $799,999 55 3 98 18.3

$800,000 to $849,999 23 0 n/a n/a

$850,000 to $899,999 33 1 84 33.0

$900,000 to $949,999 13 0 n/a n/a

$950,000 to $999,999 24 1 246 24.0

$1 mil to $1.50 mil 99 3 146 33.0

$1.5 mil to $2.0 mil 36 0 n/a n/a

$2.0 mil & above 20 0 n/a n/a

MONTHLY 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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Monthly Sales

MONTHLY 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.

Chance of Selling

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April 2014 Summary

The local Colorado Springs market continues to be somewhat sluggish. Sales numbers are improving but the number of homes coming on the market is also rising which has negatively affected Inventory Levels. If you recall, the real driver of our local market the past 2 years has been the low number of homes on the market. The market under $275,000 is driving the numbers for our market. It is the only part of the market where we have seen sales outpace the homes coming on the market. This market is a seller’s market and it is not uncommon for multiple offers. Once you get over $275,000 the local real estate market is sluggish and the higher you go, the more of a buyer’s market it becomes. The strength of the market continues to be the low number of distressed sales. Many economists claim the Colorado Springs market lags 6 months to the Denver market. We hope this to be the case as the Denver market is one of the hottest in the nation.

May 2014 Summary