Vail Valley Market Report January 2014

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Vail Valley / Eagle County

Market Repor t

January 2014

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January 2014 Monthly Snapshot

One-Year Change in One-Year Change in

Closed Sales All Properties

Active ListingsAll Properties

2

Monthly Indicators

0.0% - 16.9% + 75.7%One-Year Change in

The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That's not a bad thing, since the market is returning to a stable, healthy state. Potential trends to watch for in 2014 include increased seller activity, more new construction and fewer foreclosures on the market. Inventory is another metric to watch this year.

New Listings were up 7.5 percent for single family/duplex homes but decreased 3.6 percent for townhouse-condo properties. Pending Sales increased 2.4 percent for single family/duplex homes and 24.4 percent for townhouse-condo

Median Sales PriceAll Properties

Residential real estate activity in Vail Board of REALTORS® MLS, comprised of single-family properties, townhomes and condominiums.. Percent changes are calculated using rounded figures.

Single Family/Duplex Activity Overview 23456789

101112131415

Click on desired metric to jump to that page.

percent for single family/duplex homes and 24.4 percent for townhouse condo properties.

The Median Sales Price was up 75.8 percent to $545,000 for single family/duplex homes and 103.8 percent to $805,000 for townhouse-condo properties. Months Supply of Inventory decreased 8.2 percent for single family/duplex units and 14.4 percent for townhouse-condo units.

Given how far the market has come, it's a good time for folks to reassess their situation. Many who were hesitant to sell in recent years may find themselves in a completely different position. Getting a fresh comparative market analysis might be a good idea. Interest rates remain attractive and should remain below their long-term average, but they are expected to creep higher in 2014. Politicians are gearing up for midterm elections, so pay close attention to campaign messaging as relates to real estate or mortgage financing. Job growth is still fundamental and is likely to dominate this election cycle.

Single Family/Duplex Activity Overview

Glossary of Terms

Current as of February 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexInventory of Active ListingsMonths Supply of InventoryAll Properties Activity Overview

New ListingsPending SalesClosed SalesMedian Sales PriceAverage Sales PricePercent of List Price Received

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Single Family/Duplex Activity Overview

Key Metrics Historical Sparkbars 1-2013 1-2014 Percent Change YTD 2013 YTD 2014 Percent Change

Key metrics for Single Family properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 53 57 + 7.5% 57 + 7.5%

Pending Sales 42 43 + 2.4% 42 43 + 2.4%

53

+ 8.7%

Median Sales Price $310,000 $545,000 + 75.8% $310,000 $545,000 + 75.8%

Closed Sales 23 25 + 8.7% 23 25

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

`

+ 85.0%

Pct. of List Price Received 96.5% 95.9% - 0.6% 96.5% 95.9% - 0.6%

Average Sales Price $651,761 $1,205,468 + 85.0% $651,761 $1,205,468

- 18.7%

Affordability Index 126 67 - 46.8% 126 67 - 46.8%

Days on Market 187 152 - 18.7% 187 152

Current as of February 10, 2014. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

--

Months Supply 9.8 9.0 - 8.2% -- -- --

Active Listings 478 419 - 12.3% -- --

1 2011 1 2012 1 2013 1 2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

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Townhouse-Condo Activity Overview


Median Sales Price $395,000 $805,000 + 103.8% $395,000 $805,000

29 - 6.5%

+ 103.8%

Closed Sales 31 29 - 6.5% 31

53 - 3.6%

Pending Sales 41 51 + 24.4% 41 51 + 24.4%

55

Key metrics for Townhouse-Condo properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 55 53 - 3.6%

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

--


Months Supply 11.8 10.1 - 14.4% -- --

- 53.5%

Active Listings 579 459 - 20.7% -- -- --

Affordability Index 101 47 - 53.5% 101 47

- 1.5%

Days on Market 153 185 + 20.9% 153 185 + 20.9%

Pct. of List Price Received 95.6% 94.2% - 1.5% 95.6% 94.2%

$1,360,755 + 108.6%Average Sales Price $652,204 $1,360,755 + 108.6% $652,204

1 2011 1 2012 1 2013 1 2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

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New Listings

New ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 68 +30.8% 55 -32.9%

Mar-2013 58 -33.3% 62 +14.8%

Apr-2013 67 +9.8% 47 -9.6%

May-2013 88 -5.4% 73 -18.9%

Jun-2013 148 +27.6% 116 +27.5%

Jul-2013 126 +32.6% 96 +12.9%

Aug-2013 72 -15.3% 79 +11.3%

Sep-2013 57 +21.3% 48 -14.3%

Oct-2013 63 +31.3% 52 -11.9%

Nov-2013 40 -24.5% 49 -21.0%

Dec-2013 33 -37.7% 66 -1.5%

Jan-2014 57 +7.5% 53 -3.6%

12-Month Avg 73 +3.9% 66 -3.3%

A count of the properties that have been newly listed on the market in a given month.

7278

53 555753

January

7278

53 555753

Year to Date

2012 2013 2014

- 3 6%- 29 5%+ 7 5%26 4% 29 5%+ 7 5%26 4% 3 6%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 24 1% + 24 1% + 5 4%+ 5 4%12 Month Avg 73 +3.9% 66 3.3%

Historical New Listings by Month


Single Family/Duplex Townhouse-Condo

25

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

- 3.6%- 29.5%+ 7.5%- 26.4% - 29.5%+ 7.5%- 26.4% - 3.6%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 24.1% + 24.1% + 5.4%+ 5.4%

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Pending Sales

Pending SalesSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 41 +20.6% 35 -20.5%

Mar-2013 63 +31.3% 48 -15.8%

Apr-2013 51 -8.9% 39 -2.5%

May-2013 30 -33.3% 52 +6.1%

Jun-2013 49 +6.5% 35 -10.3%

Jul-2013 49 -21.0% 67 0.0%

Aug-2013 69 -10.4% 64 -5.9%

Sep-2013 53 -10.2% 66 +37.5%

Oct-2013 37 -42.2% 46 -22.0%

Nov-2013 42 +7.7% 31 -8.8%

Dec-2013 26 -13.3% 31 -13.9%

Jan-2014 43 +2.4% 51 +24.4%

12-Month Avg 46 -8.8% 47 -3.1%

A count of the properties on which offers have been accepted in a given month.

41

50

42 4143

51

January

41

50

42 4143

51

Year to Date

2012 2013 2014

+ 24 4%- 18 0%+ 2 4%+ 2 4% 18 0%+ 2 4%+ 2 4% + 24 4%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 64 0% + 64 0% 5 7%- 5 7%12 Month Avg 46 8.8% 47 3.1%

Historical Pending Sales by Month



0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 24.4%- 18.0%+ 2.4%+ 2.4% - 18.0%+ 2.4%+ 2.4% + 24.4%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 64.0% + 64.0% - 5.7%- 5.7%

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Closed Sales

Closed SalesSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 36 +24.1% 32 -11.1%

Mar-2013 38 +11.8% 35 -25.5%

Apr-2013 53 +55.9% 42 -22.2%

May-2013 58 -13.4% 51 +45.7%

Jun-2013 42 0.0% 40 -4.8%

Jul-2013 48 +33.3% 42 +2.4%

Aug-2013 60 -1.6% 65 -1.5%

Sep-2013 54 -26.0% 60 -13.0%

Oct-2013 57 -16.2% 72 -1.4%

Nov-2013 42 -31.1% 41 -12.8%

Dec-2013 44 -22.8% 39 -20.4%

Jan-2014 25 +8.7% 29 -6.5%

12-Month Avg 47 -4.6% 46 -7.1%

A count of the actual sales that closed in a given month.

27

33

23

31

25

29

January

27

33

23

31

25

29

Year to Date

2012 2013 2014

- 6 5%- 6 1%+ 8 7%14 8% 6 1%+ 8 7%14 8% 6 5%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 12 5% + 12 5% + 22 2%+ 22 2%12 Month Avg 47 4.6% 46 7.1%

Historical Closed Sales by Month



0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

- 6.5%- 6.1%+ 8.7%- 14.8% - 6.1%+ 8.7%- 14.8% - 6.5%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 12.5% + 12.5% + 22.2%+ 22.2%

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Median Sales Price

Median Sales PriceSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 $736,500 +36.4% $384,000 -0.9%

Mar-2013 $612,500 -0.4% $512,000 +55.6%

Apr-2013 $565,000 +30.6% $675,000 +74.2%

May-2013 $577,000 +7.3% $330,000 -21.4%

Jun-2013 $459,000 -6.3% $313,250 -2.2%

Jul-2013 $539,000 -3.3% $416,250 +30.1%

Aug-2013 $455,500 +11.1% $450,000 +23.6%

Sep-2013 $780,000 +22.8% $413,500 +12.7%

Oct-2013 $710,000 +37.2% $450,000 +30.4%

Nov-2013 $722,000 +31.3% $435,000 +22.5%

Dec-2013 $589,000 -7.2% $425,300 -6.5%

Jan-2014 $545,000 +75.8% $805,000 +103.8%

12-Month Avg* $600,000 +12.1% $435,000 +18.5%

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$590,000 $600,000

$310,000

$395,000

$545,000

$805,000

January

$590,000 $600,000

$310,000

$395,000

$545,000

$805,000

Year to Date

2012 2013 2014

+ 103 8%- 34 2%+ 75 8%47 5% 34 2%+ 75 8%47 5% + 103 8%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 34 1% + 34 1% + 50 4%+ 50 4%12 Month Avg $600,000 +12.1% $435,000 +18.5%

Historical Median Sales Price by Month* Median Sales Price for all properties from February 2013 through January 2014. This is not the average of the individual figures above.



$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 103.8%- 34.2%+ 75.8%- 47.5% - 34.2%+ 75.8%- 47.5% + 103.8%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 34.1% + 34.1% + 50.4%+ 50.4%

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Average Sales Price

Average Sales Price

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo


Feb-2013 $1,513,347 +40.3% $935,489 -4.8%

Mar-2013 $832,750 -55.5% $927,314 +22.3%

Apr-2013 $840,334 -29.7% $987,096 +18.0%

May-2013 $1,133,591 -9.5% $625,845 -27.6%

Jun-2013 $788,201 -32.4% $525,095 -20.2%

Jul-2013 $902,062 +9.6% $571,362 -20.0%

Aug-2013 $589,896 -44.0% $910,167 +71.8%

Sep-2013 $1,396,172 +25.1% $866,646 +31.7%

Oct-2013 $1,346,206 +56.0% $722,328 -10.7%

Nov-2013 $1,406,825 +15.0% $1,039,795 +34.2%

Dec-2013 $1,268,154 +17.9% $878,973 -10.1%

Jan-2014 $1,205,468 +85.0% $1,360,755 +108.6%

12-Month Avg* $1,086,436 -2.7% $839,981 +10.8%

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$1,250,299

$1,395,247

$651,761 $652,204

$1,205,468

$1,360,755

January

$1,250,299

$1,395,247

$651,761 $652,204

$1,205,468

$1,360,755

Year to Date

2012 2013 2014

+ 108 6%- 53 3%+ 85 0%47 9% 53 3%+ 85 0%47 9% + 108 6%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 7 5% + 7 5% 20 8%- 20 8%12 Month Avg $1,086,436 2.7% $839,981 +10.8%

Historical Average Sales Price by Month* Average Sales Price for all properties from February 2013 through January 2014. This is not the average of the individual figures above.



$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 108.6%- 53.3%+ 85.0%- 47.9% - 53.3%+ 85.0%- 47.9% + 108.6%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 7.5% + 7.5% - 20.8%- 20.8%

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Percent of List Price Received

Pct. of List Price Received

SingleFamily/Duplex


Townhouse-Condo


Feb-2013 93.5% -0.8% 95.4% +1.7%

Mar-2013 94.0% +4.6% 95.0% +0.7%

Apr-2013 94.4% +2.2% 94.2% +1.1%

May-2013 96.8% +3.0% 95.3% +1.5%

Jun-2013 95.5% +2.6% 95.1% -0.5%

Jul-2013 94.7% +0.2% 94.9% +1.7%

Aug-2013 97.0% +3.0% 94.0% +0.3%

Sep-2013 95.1% +1.1% 94.3% +0.4%

Oct-2013 95.5% +1.8% 94.1% +0.2%

Nov-2013 95.6% +2.1% 95.2% +0.7%

Dec-2013 94.9% +1.5% 95.9% -0.2%

Jan-2014 95.9% -0.6% 94.2% -1.5%

12-Month Avg* 95.4% +1.8% 94.7% +0.5%

Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

94.7% 92.9%96.5% 95.6%95.9% 94.2%

January

94.7% 92.9%96.5% 95.6%95.9% 94.2%

Year to Date

2012 2013 2014

- 1 5%+ 2 9%0 6%+ 1 9% + 2 9%0 6%+ 1 9% 1 5%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 1 3% + 1 3% 3 6%- 3 6%12 Month Avg 95.4% +1.8% 94.7% +0.5%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from February 2013 through January 2014. This is not the average of the individual figures above.



70.0%

75.0%

80.0%

85.0%

90.0%

95.0%

100.0%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

- 1.5%+ 2.9%- 0.6%+ 1.9% + 2.9%- 0.6%+ 1.9% - 1.5%

2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 1.3% + 1.3% - 3.6%- 3.6%

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Days on Market Until Sale

Days on MarketSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 195 -27.2% 156 -11.4%

Mar-2013 98 -52.7% 305 +58.9%

Apr-2013 221 +15.1% 239 -23.4%

May-2013 165 -20.3% 170 -36.3%

Jun-2013 118 -41.3% 204 +9.7%

Jul-2013 133 -1.5% 204 +6.8%

Aug-2013 111 -1.8% 241 +34.6%

Sep-2013 257 +52.1% 185 -5.6%

Oct-2013 140 -15.2% 203 -3.8%

Nov-2013 173 +9.5% 218 +7.9%

Dec-2013 138 -30.7% 277 +18.9%

Jan-2014 152 -18.7% 185 +20.9%

12-Month Avg* 178 -10.5% 209 +2.5%

Average number of days between when a property is listed and when an offer is accepted in a given month.

194213

187

153152

185

January

194213

187

153152

185

Year to Date

2012 2013 2014

+ 20 9%- 28 2%- 18 7%- 3 6% 28 2%- 18 7%- 3 6% + 20 9%2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 3 7% + 3 7% 27 8%- 27 8%12 Month Avg 178 10.5% 209 +2.5%

Historical Days on Market Until Sale by Month* Days on Market for all properties from February 2013 through January 2014. This is not the average of the individual figures above.



0

100

200

300

400

500

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014



2012 2013 2014

+ 20.9%- 28.2%- 18.7%- 3.6% - 28.2%- 18.7%- 3.6% + 20.9%2012 2013 2014 2012 2013 2014 2012 2013 2014

+ 3.7% + 3.7% - 27.8%- 27.8%

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Housing Affordability Index

Affordability IndexSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 56 -23.3% 101 +2.0%

Mar-2013 66 +3.1% 78 -31.0%

Apr-2013 72 -20.0% 61 -38.4%

May-2013 68 -9.3% 114 +21.3%

Jun-2013 79 -3.7% 112 -6.7%

Jul-2013 69 -5.5% 87 -28.7%

Aug-2013 79 -18.6% 80 -25.9%

Sep-2013 49 -25.8% 88 -19.3%

Oct-2013 53 -32.9% 82 -28.7%

Nov-2013 56 -25.3% 89 -20.5%

Dec-2013 64 -4.5% 87 -4.4%

Jan-2014 67 -46.8% 47 -53.5%

12-Month Avg* 65 -16.8% 81 -56.0%

This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

66 65

126

101

67

47

January

2012 2013 2014

53 5%+ 55 4%46 8%+ 90 9%2012 2013 2014

16 5% 24 4%

66 65

126

101

67

47

Year to Date

53 5%+ 55 4%46 8%+ 90 9%16 5% 24 4%2012 2013 2014 2012 2013 2014 12 Month Avg 65 16.8% 81 56.0%

Historical Housing Affordability Index by Month* Affordability Index for all properties from February 2013 through January 2014. This is not the average of the individual figures above.



0

20

40

60

80

100

120

140

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014


2012 2013 2014

- 53.5%+ 55.4%- 46.8%+ 90.9%2012 2013 2014

- 16.5% - 24.4%


- 53.5%+ 55.4%- 46.8%+ 90.9%- 16.5% - 24.4%2012 2013 2014 2012 2013 2014

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Inventory of Active Listings

Active ListingsSingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 486 -23.7% 581 -26.2%

Mar-2013 461 -29.9% 576 -24.2%

Apr-2013 452 -26.7% 533 -23.7%

May-2013 468 -27.6% 529 -25.2%

Jun-2013 539 -21.5% 585 -20.1%

Jul-2013 590 -15.0% 600 -15.6%

Aug-2013 564 -16.4% 588 -14.7%

Sep-2013 525 -15.7% 531 -20.2%

Oct-2013 511 -7.8% 490 -21.9%

Nov-2013 468 -12.8% 479 -23.7%

Dec-2013 423 -15.7% 462 -23.4%

Jan-2014 419 -12.3% 459 -20.7%

12-Month Avg 496 -18.7% 538 -21.1%

The number of properties available for sale in active status at the end of a given month.

634

767

478

579

419459

January

2012 2013 201420 7%24 5%12 3%24 6%

2012 2013 2014

9 9% 7 5%12 Month Avg 496 18.7% 538 21.1%

Historical Inventory of Active Listings by Month



400

500

600

700

800

900

1,000

1,100

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014


2012 2013 2014- 20.7%- 24.5%- 12.3%- 24.6%

2012 2013 2014

- 9.9% - 7.5%

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Months Supply of Inventory

Months SupplySingle


ChangeTownhouse-

CondoYear-Over-Year

Change

Feb-2013 9.9 -45.6% 11.9 -40.5%

Mar-2013 9.3 -50.3% 12.0 -39.1%

Apr-2013 8.8 -50.3% 11.4 -34.5%

May-2013 9.3 -45.9% 11.0 -38.5%

Jun-2013 10.7 -39.2% 12.2 -31.8%

Jul-2013 11.5 -34.3% 12.5 -26.0%

Aug-2013 11.0 -31.7% 12.3 -21.7%

Sep-2013 10.5 -26.1% 11.2 -22.2%

Oct-2013 10.4 -14.8% 10.4 -18.8%

Nov-2013 9.9 -13.9% 10.3 -19.5%

Dec-2013 9.1 -10.8% 10.1 -17.2%

Jan-2014 9.0 -8.2% 10.1 -14.4%

12-Month Avg 10.0 -33.6% 11.3 -28.2%

The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.

18.5 18.8

9.811.8

9.010.1

January

2012 2013 201414 4%37 2%8 2%47 0%

2012 2013 2014

18 1% 10 0%12 Month Avg 10.0 33.6% 11.3 28.2%

Historical Months Supply of Inventory by Month* Months Supply for all properties from February 2013 through January 2014. This is not the average of the individual figures above.



0.0

10.0

20.0

30.0

40.0

50.0

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014


2012 2013 2014- 14.4%- 37.2%- 8.2%- 47.0%

2012 2013 2014

- 18.1% - 10.0%

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All Properties Activity Overview


Median Sales Price $387,000 $680,000 + 75.7% $387,000 $680,000

54 0.0%

+ 75.7%

Closed Sales 54 54 0.0% 54

110 + 1.9%

Pending Sales 83 94 + 13.3% 83 94 + 13.3%

108

Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 108 110 + 1.9%

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

--


Months Supply 10.8 9.5 - 12.0% -- --

- 47.0%

Active Listings 1,057 878 - 16.9% -- -- --

Affordability Index 103 55 - 47.0% 103 55

- 0.9%

Days on Market 167 170 + 1.8% 167 170 + 1.8%

Pct. of List Price Received 95.9% 95.0% - 0.9% 95.9% 95.0%

$1,288,863 + 97.7%Average Sales Price $652,015 $1,288,863 + 97.7% $652,015

1 2011 1 2012 1 2013 1 2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

1-2011 1-2012 1-2013 1-2014

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Glossary of Terms

New Listings

Pending Sales

Closed Sales

Median Sales Price

Average Sales Price

A research tool provided by the Colorado Association of REALTORS®

A measure of how much new supply is coming onto the market from sellers (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).

A count of all the listings that went into Pending during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand.

A measure of home sales that were closed to completion during the report period.

A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

A sum of all home sales prices divided by total number of sales.

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Inventory of Active Listings

Months Supply of Inventory

Current as of July 12, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13

A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

A measure of how long it takes homes to sell, on average.

A measure of how affordable a region’s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and average income by county.

A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.

A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale.

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Vail Valley Market Report January 2014

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Transcript of Vail Valley Market Report January 2014