MONTHLY STAT PACK Data through November 30, 2012

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 continues to be way down, over 9% lower than 2011 ⇒ The number of Sales for the month is up almost 15% ⇒ Single Family Building Permits are on track to hit 2421 this year, up 40% from 2011 ⇒ The Inventory Level is down 21% from 2011, the 21st consecutive month ⇒ The Average Sales Price is up over 6% while Median Sales Price jumped 9% ⇒ 67% of sales in this year were under $250K ⇒ Foreclosure starts are flat this year when compared to 2011

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. 

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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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.

*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 September 1, 2012 - November 30, 2012

Area Listings Solds DOM Inventory Avg List $ Avg Sales $ Black Forest 110 42 32 7.9 $ 560,485 $ 440,284

Briargate 181 160 55 3.4 $ 332,030 $ 318,761 Calhan 26 5 38 15.6 $ 176,615 $ 144,000 Central 190 142 53 4.0 $ 203,627 $ 149,770

Drennan 9 5 178 5.4 $ 135,111 $ 69,250 East 137 156 73 2.6 $ 206,507 $ 208,566

Ellicott 30 14 73 6.4 $ 191,041 $ 182,833 Falcon 47 27 80 5.2 $ 244,615 $ 182,667

Falcon North 155 87 87 5.3 $ 271,590 $ 249,217 Fountain Valley 358 297 77 3.6 $ 206,037 $ 183,412

Manitou 27 16 86 5.1 $ 414,015 $ 226,475 Marksheffel 62 29 62 6.4 $ 253,315 $ 224,476

Midway 7 5 142 4.2 $ 211,457 $ 92,500 Northeast 172 208 64 2.5 $ 272,571 $ 215,300 Northgate 103 87 52 3.6 $ 454,436 $ 332,092 Northwest 98 78 83 3.8 $ 424,948 $ 282,650

Old Colorado City 55 58 53 2.8 $ 229,260 $ 172,243

Peyton 34 10 181 10.2 $ 347,237 $ 372,450 Powers 186 210 71 2.7 $ 227,867 $ 211,496

Rock Creek 6 2 266 9.0 $ 749,667 $ 407,250 Southeast 147 115 47 3.8 $ 141,221 $ 129,387 Southwest 226 122 67 5.6 $ 667,424 $ 339,498 Tri Lakes 193 114 113 5.1 $ 504,946 $ 387,640 Ute Pass 29 12 21 7.3 $ 427,740 $ 275,000

West 69 53 34 3.9 $ 579,948 $ 261,828 Divide 50 32 198 4.7 $ 441,260 $ 219,989

Woodland Park 88 56 96 4.7 $ 402,715 $ 244,422

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.

List Price  Active Listings  Solds  Days on Market  Inventory 

   Supply  Demand  Days to Sell  Months 

Under $75,000  86  37  95  7.0 

$75,000 to $99,999  142  88  87  4.8 

$100,000 to $124,999  198  114  104  5.2 

$125,000 to $149,999  356  195  105  5.5 

$150,000 to $174,999  395  253  92  4.7 

$175,000 to $199,999  405  253  102  4.8 

$200,000 to $224,999  326  169  81  5.8 

$225,000 to $249,999  338  181  92  5.6 

$250,000 to $274,999  241  148  102  4.9 

$275,000 to $299,999  202  125  110  4.8 

$300,000 to $324,999  120  68  104  5.3 

$325,000 to $349,999  166  72  135  6.9 

$350,000 to $374,999  99  69  98  4.3 

$375,000 to $399,999  137  53  105  7.8 

$400,000 to $424,999  74  29  97  7.7 

$425,000 to $449,999  85  34  91  7.5 

$450,000 to $474,999  60  18  126  10.0 

$475,000 to $499,999  72  21  104  10.3 

$500,000 to $549,999  70  18  99  11.7 

$550,000 to $599,999  59  23  184  7.7 

$600,000 to $649,999  41  7  178  17.6 

$650,000 to $699,999  44  14  170  9.4 

$700,000 to $749,999  22  2  213  33.0 

$750,000 to $799,999  30  4  165  22.5 

$800,000 to $849,999  9  4  304  6.8 

$850,000 to $899,999  21  1  50  63.0 

$900,000 to $949,999  8  0  n/a  n/a 

$950,000 to $999,999  10  1  112  30.0 

$1 mil to $1.50 mil  55  4  85  41.3 

$1.5 mil to $2.0 mil  19  0  n/a  n/a 

$2.0 mil & above  11  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 over the past 10 years 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. 

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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. 

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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Oddsof Selling

November 2012 Summary      The market continues to show great improvement with inventory levels shrinking for 22  consecutive months, sales rates up for 15 of the last 17 months, inventory rates improving 21 consecutive months and most importantly sales prices are up 9 straight months.      Additionally other statistics demonstrate we are on solid footing including building permits for single family homes up dramatically and foreclosures beginning to decline once again. Much of the credit for these improvements must go to the ridiculously low mortgage rates as well as buyers realizing the current housing market is offering values not seen in 30+ years, perhaps ever.  Real Estate may be the only investment you have which you expect a positive financial  return as well as an emotional one.      The greatest immediate threat to the housing recovery has to be the “fiscal cliff” as well as the proposed elimination of the Mortgage Interest Deduction (MID).  If the MID is completely eliminated, the effect on the majority of homeowners is several thousand dollars.       Be sure to watch for our 2012 Annual Review in early January.