MONTHLY STAT PACK Data through February 29, 2012

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 reli-able; 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.

Welcome to the ERA Shields Stat Pack. The intention for providing this information 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 performing. 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 25% from 2011 (4315 in 2011 vs 3223 now) ⇒ The number of Sales for the month were up 14.7% from 2011 (448 in 2011 vs 514 last month) ⇒ The Inventory Level is down 35% from 2011 (9.6 months vs 6.3 months currently) ⇒ The Average Sales Price is down nearly 10% from February 2011 ⇒ 76.2% of all sales in February were under $250,000 ⇒ The number of foreclosure starts in 2012 so far are down from 699 to 586 (16% drop)

MONTHLY RESIDENTIAL REVIEW

This graph compares the number of homes on the market to the number of sales  and 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. 

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Months of Inventory

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.

This data is from December 1, 2011—February 29, 2012

*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 Listings Solds DOM Inventory Avg List $ Avg Sales $

Black Forest 118 30 114 11.8 $ 584,942 $ 403,864

Briargate 195 82 93 7.1 $ 342,916 $ 263,306

Calhan 23 6 48 11.5 $ 171,842 $ 110,521

Central 185 121 87 4.6 $ 217,636 $ 130,732

Drennan 20 8 179 7.5 $ 132,657 $ 110,530

East 134 120 92 3.4 $ 197,702 $ 164,532 Ellicott 42 11 134 11.5 $ 223,603 $ 138,459 Falcon 47 15 218 9.4 $ 239,701 $ 191,753

Falcon North 131 70 104 5.6 $ 270,987 $ 242,984 Fountain Valley 320 244 73 3.9 $ 191,649 $ 163,598

Manitou 30 5 279 18.0 $ 359,872 $ 204,367

Marksheffel 26 19 101 4.1 $ 246,863 $ 206,262

Midway 9 5 70 5.4 $ 239,810 $ 264,024

Northeast 200 139 97 4.3 $ 255,060 $ 202,713

Northgate 119 43 102 8.3 $ 476,865 $ 339,263

Northwest 109 46 84 7.1 $ 402,054 $ 307,517

Old Colorado City 64 41 113 4.7 $ 197,966 $ 182,385

Peyton 28 7 162 12.0 $ 375,749 $ 125,567

Powers 223 147 105 4.6 $ 222,523 $ 185,504

Rock Creek 8 1 466 24.0 $ 697,588 $ 74,900

Southeast 128 127 84 3.0 $ 141,860 $ 122,229

Southwest 236 86 105 8.2 $ 644,630 $ 331,786

Tri Lakes 193 73 137 7.9 $ 513,186 $ 379,799

Ute Pass 27 7 22 11.6 $ 435,372 $ 325,332

West 55 22 91 7.5 $ 449,678 $ 285,595

Divide 71 20 156 10.7 $ 362,902 $ 222,858

Woodland Park 79 29 129 8.2 $ 409,250 $ 229,631

PRICING TOOLS Determine how your neighborhood is performing

3-Month Price Range 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. If you have questions on how to properly use this data, call me. This data is from December 1, 2011—February 29, 2012

List Price  Active Listings  Solds  Days on Market  Inventory 

   Supply  Demand  Days to Sell  Months 

Under $75,000  86  69  111  3.7 

$75,000 to $99,999  159  98  100  4.9 

$100,000 to $124,999  242  141  122  5.1 

$125,000 to $149,999  404  176  114  6.9 

$150,000 to $174,999  400  169  102  7.1 

$175,000 to $199,999  408  166  106  7.4 

$200,000 to $224,999  278  123  123  6.8 

$225,000 to $249,999  310  137  109  6.8 

$250,000 to $274,999  241  69  135  10.5 

$275,000 to $299,999  228  73  133  9.4 

$300,000 to $324,999  151  50  147  9.1 

$325,000 to $349,999  179  31  148  17.3 

$350,000 to $374,999  112  20  139  16.8 

$375,000 to $399,999  136  35  204  11.7 

$400,000 to $424,999  64  14  146  13.7 

$425,000 to $449,999  89  24  169  11.1 

$450,000 to $474,999  45  9  139  15.0 

$475,000 to $499,999  63  6  199  31.5 

$500,000 to $549,999  67  11  152  18.3 

$550,000 to $599,999  84  12  258  21.0 

$600,000 to $649,999  40  7  236  17.1 

$650,000 to $699,999  52  6  112  26.0 

$700,000 to $749,999  22  4  259  16.5 

$750,000 to $799,999  37  5  144  22.2 

$800,000 to $849,999  11  2  169  16.5 

$850,000 to $899,999  19  2  50  28.5 

$900,000 to $949,999  6  1  330  18.0 $950,000 to $999,999  20  1  505  60.0 $1 mil to $1.50 mil  49  4  200  36.8 

$1.5 mil to $2.0 mil  22  3  518  22.0 

$2.0 mil & above  13  0  n/a  n/a 

ANNUAL 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 for each year over the past 10 years 

really helps determine what trends are occurring. 

Active Listings at the end of the month when compared to the same period the previous 10 years shows remarkable improvement. 

No January in the past 10 years has seen fewer homes on the market. 

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3 Month Trend For Solds

ANNUAL 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. 

Another indicator of the health of the overall real estate market is foreclosure starts .  Although our market continues to see a high 

number of foreclosures, it is a vast improvement over 2009. 

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Year To Date Foreclosure Starts

February 2012 Summary

     The first two months of 2012 have seen many improvements in the real estate market.   However the one number (and perhaps the most important) which continues to drop is Sales Price.  In February the Average Sales Price in the Colorado Springs area for Single Family Homes & Patio Homes saw a 10% drop while the Median Sales Price was down just over 7%.      This drop in price is somewhat surprising when you consider how strong most of the other factors in the market are.  Perhaps some of this drop in price is due to the fact that when       determining the current market value of a home, appraisers and REALTORS put the most       emphasis on the most recent sales.  By doing this, we are looking into the past and when the past has been depreciation, it takes a dramatic shift in the market to get the pendulum to swing back in the other direction.      As a homeowner, some of the things you can do to help swing the pendulum back the other direction are home projects/home improvements.  Updating your home with new cabinets or countertops, enhancing your landscape, or installing new flooring are some of the items you may consider.      As a Seller, the things you may need to do to get the price you want probably are not the same as just mentioned.  It is very rare to get 100% return on your investment on home         improvements. A few items which do give you a high rate of return are “Spring Cleaning” (make your home sparkle), new interior paint and perhaps new flooring.  A common mistake many Sellers make is completing a major home improvement project on their home and expecting a full return.      For more information on how you can help improve your homes value, speak to your ERA Shields Real Estate Professional.