MONTHLY STAT PACK Data through October 31, 2013

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 Number of Active Listings continues to trend up—up 11.3% from a year ago

Number of Sales for the month continues to jump; up 17%

Single Family Building Permits are up 18% for the year

Inventory Levels remain low but have begun to trend up

Average Sales Price is up 3.2% while Median Sales Price is up 1.3% for the month

64% of sales in the past 3 months were $250K and under

Foreclosure starts for the year are down 44%

This graph compares the number of homes on the market to the number of

sales for the month. It shows how many months it would take to sell through the current listing invento-ry. Most economists con-sider 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.

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 October 2013

Area Listings Solds DOM Inventory Avg List $ Avg Sales $

Black Forest 127 14 83 9.1 $587,169 $380,144

Briargate 268 48 58 5.6 $360,220 $309,363

Calhan 31 6 164 5.2 $220,122 $155,417

Central 181 56 60 3.2 $244,144 $175,361

Drennan 15 5 80 3.0 $182,469 $128,500

East 170 59 66 2.9 $222,811 $191,931

Ellicott 36 8 82 4.5 $274,343 $248,250

Falcon 40 15 19 2.7 $228,602 $161,793

Falcon North 195 42 112 4.6 $315,209 $257,141

Fountain Valley 420 107 78 3.9 $213,214 $198,096

Manitou 35 5 70 7.0 $440,664 $400,380

Marksheffel 74 12 48 6.2 $277,913 $250,299

Midway 8 2 141 n/a $195,788 $49,292

Northeast 221 73 58 3.0 $288,561 $239,110

Northgate 122 27 66 4.5 $459,877 $390,465

Northwest 176 42 59 4.2 $443,962 $341,558

Old Colorado City

68 22 61 3.1 $228,139 $266,538

Peyton 29 10 56 2.9 $529,465 $281,650

Powers 254 108 49 2.4 $236,085 $228,944

Rock Creek 13 6 49 n/a $799,746 $274,817

Southeast 155 48 63 3.2 $151,133 $137,601

Southwest 241 48 66 5.0 $758,356 $288,246

Tri Lakes 227 50 87 4.5 $547,538 $416,863

Ute Pass 37 2 39 18.5 $425,572 $119,000

West 61 24 82 2.5 $643,371 $285,555

Divide 85 10 60 8.5 $399,559 $178,602

Woodland Park 95 18 62 5.3 $457,608 $289,575

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 $75,000 112 17 110 6.6

$75,000 to $99,999 119 29 98 4.1

$100,000 to $124,999 211 41 107 5.1

$125,000 to $149,999 406 71 87 5.7

$150,000 to $174,999 419 98 88 4.3

$175,000 to $199,999 472 99 80 4.8

$200,000 to $224,999 406 88 84 4.6

$225,000 to $249,999 441 79 92 5.6

$250,000 to $274,999 369 57 115 6.5

$275,000 to $299,999 365 46 124 7.9

$300,000 to $324,999 235 26 88 9.0

$325,000 to $349,999 218 40 111 5.5

$350,000 to $374,999 193 32 95 6.0

$375,000 to $399,999 214 25 102 8.6

$400,000 to $424,999 91 15 141 6.1

$425,000 to $449,999 103 10 181 10.3

$450,000 to $474,999 68 7 163 9.7

$475,000 to $499,999 106 9 135 11.8

$500,000 to $549,999 103 16 117 6.4

$550,000 to $599,999 116 4 81 29.0

$600,000 to $649,999 62 9 104 6.9

$650,000 to $699,999 70 5 120 14.0

$700,000 to $749,999 43 2 204 21.5

$750,000 to $799,999 47 2 94 23.5

$800,000 to $849,999 13 1 272 13.0

$850,000 to $899,999 22 0 n/a n/a

$900,000 to $949,999 17 0 n/a n/a

$950,000 to $999,999 27 1 498 27.0

$1 mil to $1.50 mil 90 3 92 30.0

$1.5 mil to $2.0 mil 31 0 n/a n/a

$2.0 mil & above 21 0 n/a n/a

MONTHLY DATA COMPARING DATA FOR THE PAST 10 YEARS

This graph shows the total number of Solds for the same period. Comparing monthly 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 shows remarkable improvement.

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.

August 2013 Summary

As 2013 winds down, the residential real estate numbers offer a real mixed bag as to what to expect in 2014. Overall performance for this year will be remembered as a strong year with sales numbers & prices up, new home starts up and foreclosure starts down. Despite these strong numbers, there are two others causing us some concern right now— the number of homes under contracts has dipped and the lack of showings on current active listings. The most remarkable numbers for us are the significant drop in foreclosures, year-to-date sales and the number of new homes being built. With foreclosures having dropped 44% this year, they are now near annual levels considered to be normal. Sales up over 20% for the year is a huge bump which shows buyers had confidence in the real estate market in 2013. The increase in housing starts is a great boost to the entire local economy as building drives many businesses and pads the revenue coffers for local government entities. Concerns for the past 8 weeks have been due to the lack of showings on current inventory and the first dip in pending contracts city-wide in over 2 years. Initially we blamed the traditional “Back to School” lag, but it has now dragged on well beyond this. Buyer confidence seems to be waning in light of the federal government’s inability to take action in regards to the financial health of the country and the continued unknowns the majority of the public has over the new health care system. As many of us have heard over our lifetimes—focus and take action on the things you can affect, do not allow the things you can not affect to keep you from making decisions & taking actions, and change drives opportunity.