Page 1
February 2017 Activity SnapshotPercent changes calculated using year-over-year comparisons.
One-Year Change in One-Year Change inSold ListingsAll Properties
Median Sales PriceAll Properties
23456789
10111213141516
Townhouse-Condo Market Overview
Percent of List Price ReceivedDays on Market Until SaleHousing Affordability IndexInventory of Active Listings
Total Market Overview
New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales Price
Sold Listings and Inventory by Price RangeGlossary of Terms
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime.
Monthly Indicators
- 26.6% - 5.1% - 20.3%One-Year Change in
New Listings were down 20.5 percent for single family homes and 22.5 percent for townhouse-condo properties. Pending Sales increased 3.6 percent for single family homes but remained flat for townhouse-condo properties.
The Median Sales Price was down 10.8 percent to $425,000 for single family homes but increased 19.8 percent to $420,000 for townhouse-condo properties. Days on Market decreased 32.2 percent for single family homes but increased 8.0 percent for condo properties.
Unemployment has reached pre-recession levels, and Americans remain optimistic about finding quality employment. This matters because job growth and higher paychecks fuel home purchases. Unfortunately, that won't matter for potential buyers if price appreciation outpaces income growth and if mortgage rates continue their upward trend. Sellers are getting a generous number of offers in this market. The worry for sellers then becomes that there will not be a generous number of homes to choose from when they become buyers.
Active ListingsAll Properties
Residential real estate activity in Pitkin, Eagle, Garfield, Gunnison, Mesa, Delta and Moffat Counties, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.
Single Family Market Overview
Months Supply of Inventory
Page 2
Single Family Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 2-2016 2-2017 Percent Change YTD 2016 YTD 2017 Percent Change
- 19.3%142
88 - 6.4%
$438,500 - 7.2%
+ 25.0%
Pending Sales 55 57 + 3.6% + 3.7%107 111
New Listings 88 70 - 20.5% 176
Sold Listings 54 31 - 42.6% 94
Median Sales Price $476,275 $425,000 - 10.8% $472,275
95.1% - 0.6%
$1,256,395
109 - 24.8%
Pct. of List Price Received 95.6% 94.6% - 1.0% 95.7%
Avg. Sales Price $1,152,358 $1,532,939 + 33.0% $1,005,431
Days on Market 143 97 - 32.2% 145
Affordability Index 77 83 + 7.8% 78
--
80 + 2.6%
--
-- --
--Active Listings 649 534 - 17.7% --
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 2
Months Supply 8.8 7.8 - 11.4%
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
Page 3
Townhouse-Condo Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 2-2016 2-2017 Percent Change YTD 2016 YTD 2017 Percent Change
- 9.2%
Pending Sales 47 47 0.0% 73 87 + 19.2%
New Listings 71 55 - 22.5% 131 119
Sold Listings 25 27 + 8.0% 60 63 + 5.0%
Median Sales Price $350,500 $420,000 + 19.8% $357,475 $439,000 + 22.8%
- 0.0%
97.0% + 1.9%
$935,418
139 - 14.7%
Pct. of List Price Received 96.1% 96.6% + 0.5% 95.2%
Avg. Sales Price $1,225,383 $807,588 - 34.1% $935,455
Days on Market 125 135 + 8.0% 163
Affordability Index 113 92 - 18.6% 111
--
88 - 20.7%
--
-- --
--Active Listings 564 433 - 23.2% --
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 3
Months Supply 10.9 8.8 - 19.3%
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
Page 4
New Listings
New ListingsSingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 120 -8.4% 85 +9.0%
Apr-2016 139 -16.8% 85 +2.4%
May-2016 177 +19.6% 86 +36.5%
Jun-2016 193 0.0% 94 -7.8%
Jul-2016 147 +0.7% 79 -21.8%
Aug-2016 125 -2.3% 64 -11.1%
Sep-2016 74 -17.8% 67 +31.4%
Oct-2016 75 -11.8% 43 -32.8%
Nov-2016 82 +15.5% 50 -28.6%
Dec-2016 63 +40.0% 75 -33.0%
Jan-2017 72 -18.2% 64 +6.7%
Feb-2017 70 -20.5% 55 -22.5%
12-Month Avg 111 -3.1% 71 -8.6%
Historical New Listings by Month
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 4
104
7988
7170
55
Single Family Townhouse-Condo
February
0
50
100
150
200
250
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
180
143
176
131142
119
Single Family Townhouse-Condo
Year to Date
- 22.5%- 10.1%- 20.5%- 15.4% - 8.4%- 19.3%- 2.2% - 9.2%+ 31.6% + 24.1% + 10.0%+ 31.7%
Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
Page 5
Pending Sales
Pending SalesSingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 67 -16.3% 51 -20.3%
Apr-2016 88 +7.3% 59 -14.5%
May-2016 86 -10.4% 44 -10.2%
Jun-2016 65 -25.3% 70 +12.9%
Jul-2016 92 -3.2% 67 +1.5%
Aug-2016 79 -20.2% 64 +16.4%
Sep-2016 77 +14.9% 51 -5.6%
Oct-2016 64 -1.5% 43 -27.1%
Nov-2016 69 +15.0% 32 -13.5%
Dec-2016 45 +7.1% 32 +14.3%
Jan-2017 54 +3.8% 40 +53.8%
Feb-2017 57 +3.6% 47 0.0%
12-Month Avg 70 -4.2% 50 -2.6%
Historical Pending Sales by Month
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 5
64
5355
47
57
47
Single Family Townhouse-Condo
February
0
20
40
60
80
100
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
111
100107
73
111
87
Single Family Townhouse-Condo
Year to Date
0.0%- 11.3%+ 3.6%- 14.1% - 27.0%+ 3.7%- 3.6% + 19.2%+ 20.8% + 33.7% + 19.0%+ 20.5%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
Page 6
Sold Listings
Sold ListingsSingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 50 0.0% 47 -7.8%
Apr-2016 69 -2.8% 59 +9.3%
May-2016 64 -12.3% 49 -29.0%
Jun-2016 93 -11.4% 46 -25.8%
Jul-2016 75 -17.6% 48 -22.6%
Aug-2016 90 +1.1% 70 +55.6%
Sep-2016 91 -10.8% 59 -14.5%
Oct-2016 62 -11.4% 55 -12.7%
Nov-2016 78 +27.9% 53 +32.5%
Dec-2016 64 -16.9% 41 -6.8%
Jan-2017 57 +42.5% 36 +2.9%
Feb-2017 31 -42.6% 27 +8.0%
12-Month Avg 69 -6.7% 49 -4.7%
Historical Sold Listings by Month
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 6
3836
54
25
3127
Single Family Townhouse-Condo
February
0
20
40
60
80
100
120
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
78
63
94
60
88
63
Single Family Townhouse-Condo
Year to Date
+ 8.0%- 30.6%- 42.6%+ 42.1% - 4.8%- 6.4%+ 20.5% + 5.0%+ 5.6% + 25.8% + 18.9%+ 12.5%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
Page 7
Median Sales Price
Median Sales Price
SingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 $450,450 -1.6% $400,000 -38.5%
Apr-2016 $408,000 -20.0% $337,500 -40.0%
May-2016 $404,000 -3.6% $299,000 -26.2%
Jun-2016 $535,674 +21.7% $283,000 -29.1%
Jul-2016 $349,000 -24.5% $322,500 -5.6%
Aug-2016 $468,500 -5.7% $437,500 +30.6%
Sep-2016 $480,000 -14.3% $418,700 -7.0%
Oct-2016 $491,000 +16.2% $470,000 +10.6%
Nov-2016 $509,000 +3.9% $450,000 -20.2%
Dec-2016 $553,000 +3.6% $476,058 +9.0%
Jan-2017 $447,000 -2.9% $497,500 +36.3%
Feb-2017 $425,000 -10.8% $420,000 +19.8%
12-Month Avg 460,052 -3.6% 400,980 -8.9%
Historical Median Sales Price by Month* Median Sales Price for all properties from March 2016 through February 2017. This is not the average of the individual figures above.
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 7
$374,500 $385,000
$476,275
$350,500
$425,000 $420,000
Single Family Townhouse-Condo
February
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
$410,000$385,000
$472,275
$357,475
$438,500 $439,000
Single Family Townhouse-Condo
Year to Date
+ 19.8%- 9.0%- 10.8%+ 27.2% - 7.1%- 7.2%+ 15.2% + 22.8%- 23.2% + 2.6% - 1.9%- 2.6%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
Page 8
Average Sales Price
Avg. Sales PriceSingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 $1,290,946 -13.4% $674,337 -31.4%
Apr-2016 $626,601 -68.5% $1,005,549 +11.2%
May-2016 $1,005,716 +8.0% $738,604 +10.5%
Jun-2016 $1,127,675 +27.0% $586,139 -21.5%
Jul-2016 $544,450 -53.6% $638,277 +23.6%
Aug-2016 $1,160,429 -28.9% $815,316 +33.3%
Sep-2016 $1,377,504 -35.6% $892,707 -5.4%
Oct-2016 $1,104,446 -28.7% $856,904 +9.8%
Nov-2016 $1,321,212 -3.3% $810,582 -46.1%
Dec-2016 $1,528,489 -23.9% $823,967 -6.8%
Jan-2017 $1,105,994 +37.0% $1,031,291 +41.6%
Feb-2017 $1,532,939 +33.0% $807,588 -34.1%
12-Month Avg 1,143,867 -19.9% 806,772 -7.8%
Historical Average Sales Price by Month* Avg. Sales Price for all properties from March 2016 through February 2017. This is not the average of the individual figures above.
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 8
$1,240,211
$1,420,397
$1,152,358$1,225,383
$1,532,939
$807,588
Single Family Townhouse-Condo
February$1,640,322
$1,493,419
$1,005,431$935,455
$1,256,395
$935,418
Single Family Townhouse-Condo
Year to Date
- 34.1%- 13.7%+ 33.0%- 7.1% - 37.4%+ 25.0%- 38.7% - 0.0%- 34.6% + 16.5% + 73.5%+ 39.5%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
Page 9
Percent of List Price Received
Pct. of List Price Received
SingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 94.8% -1.6% 96.5% +1.3%
Apr-2016 96.3% +1.5% 97.1% +1.0%
May-2016 97.2% +1.7% 97.8% +1.8%
Jun-2016 97.1% -0.1% 97.9% +2.0%
Jul-2016 97.2% +0.2% 97.3% +0.9%
Aug-2016 97.4% +0.5% 95.9% -1.2%
Sep-2016 97.7% +1.8% 96.9% +0.9%
Oct-2016 96.5% +0.7% 95.0% -1.3%
Nov-2016 95.9% +0.3% 96.4% +0.4%
Dec-2016 95.0% +1.0% 96.0% -0.4%
Jan-2017 95.4% -0.3% 97.3% +2.9%
Feb-2017 94.6% -1.0% 96.6% +0.5%
12-Month Avg 96.3% +0.4% 96.7% +0.7%
Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from March 2016 through February 2017. This is not the average of the individual figures above.
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 9
96.0% 95.7%95.6% 96.1%94.6% 96.6%
Single Family Townhouse-Condo
February
95.0% 95.5%95.7% 95.2%95.1% 97.0%
Single Family Townhouse-Condo
Year to Date
+ 0.5%+ 0.4%- 1.0%- 0.4% - 0.3%- 0.6%+ 0.8% + 1.9%+ 2.5% + 0.8% + 0.3%- 0.2%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
86.0%
88.0%
90.0%
92.0%
94.0%
96.0%
98.0%
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
Page 10
Days on Market Until Sale
Days on Market Until Sale
SingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 189 +78.3% 154 -13.5%
Apr-2016 104 -29.3% 121 -22.9%
May-2016 96 -17.2% 112 -16.4%
Jun-2016 97 -2.0% 98 -16.2%
Jul-2016 71 -27.6% 100 +33.3%
Aug-2016 99 -9.2% 136 +36.0%
Sep-2016 81 -26.4% 117 -10.7%
Oct-2016 153 +51.5% 171 +24.8%
Nov-2016 104 -8.0% 143 -10.1%
Dec-2016 190 +62.4% 158 +6.0%
Jan-2017 115 -22.8% 141 -25.8%
Feb-2017 97 -32.2% 135 +8.0%
12-Month Avg 116 -0.8% 132 -3.8%
Historical Days on Market Until Sale by Month
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 10
126
160
143
125
97
135
Single Family Townhouse-Condo
February
0
100
200
300
400
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
109
179
145
163
109
139
Single Family Townhouse-Condo
Year to Date
+ 8.0%- 21.9%- 32.2%+ 13.3% - 8.9%- 24.8%+ 33.1% - 14.7%- 17.6% - 2.7% + 22.6%- 8.6%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
Page 11
Housing Affordability Index
Housing Affordability Index
SingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 81 +1.3% 100 +56.3%
Apr-2016 90 +25.0% 117 +58.1%
May-2016 91 +3.4% 130 +30.0%
Jun-2016 70 -14.6% 139 +40.4%
Jul-2016 106 +37.7% 124 +10.7%
Aug-2016 79 +9.7% 94 -18.3%
Sep-2016 77 +18.5% 98 +10.1%
Oct-2016 77 -10.5% 89 -5.3%
Nov-2016 70 -5.4% 88 +22.2%
Dec-2016 62 -8.8% 80 -12.1%
Jan-2017 76 -1.3% 76 -27.6%
Feb-2017 83 +7.8% 92 -18.6%
12-Month Avg 80 +4.7% 102 +8.4%
Historical Housing Affordability Index by Month
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 11
99105
77
113
8392
Single Family Townhouse-Condo
February
90
105
78
111
8088
Single Family Townhouse-Condo
Year to Date
- 18.6%+ 7.6%+ 7.8%- 21.7% + 5.7%+ 2.6%- 13.6% - 20.7%+ 43.6% + 7.6% + 12.9%+ 14.1%Feb-17Feb-16Feb-17Feb-16 Feb-16Feb-17Feb-16 Feb-17Feb-15 Feb-15 Feb-15Feb-15
0
50
100
150
200
250
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
Page 12
Inventory of Active Listings
Inventory of Active Listings
SingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 668 +0.5% 579 +13.1%
Apr-2016 666 -7.2% 571 +15.1%
May-2016 708 -4.5% 581 +18.3%
Jun-2016 800 +0.3% 584 +15.0%
Jul-2016 816 +0.1% 568 +8.4%
Aug-2016 829 +3.0% 496 -5.5%
Sep-2016 776 -1.8% 476 -3.8%
Oct-2016 679 -9.2% 441 -6.6%
Nov-2016 615 -12.6% 428 -12.1%
Dec-2016 579 -10.1% 437 -19.2%
Jan-2017 553 -13.5% 442 -19.9%
Feb-2017 534 -17.7% 433 -23.2%
12-Month Avg 685 -5.7% 503 -2.1%
Historical Inventory of Active Listings by Month* Active Listings for all properties from March 2016 through February 2017. This is not the average of the individual figures above.
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 12
645
526
649
564534
433
Single Family Townhouse-Condo
February
400
600
800
1000
1200
1400
1600
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
- 23.2%+ 7.2%- 17.7%+ 0.6%+ 4.5% + 2.7%Feb-17Feb-16Feb-17Feb-16Feb-15 Feb-15
Page 13
Months Supply of Inventory
Months Supply of Inventory
SingleFamily
Percent Change from Previous
YearTownhouse-
Condo
Percent Change from Previous
Year
Mar-2016 9.1 -10.8% 11.3 -3.4%
Apr-2016 9.1 -16.5% 11.1 -1.8%
May-2016 9.7 -13.4% 11.6 +7.4%
Jun-2016 11.2 -3.4% 12.0 +12.1%
Jul-2016 11.6 0.0% 12.0 +12.1%
Aug-2016 11.8 +5.4% 10.0 -6.5%
Sep-2016 11.2 +3.7% 9.8 0.0%
Oct-2016 9.9 -4.8% 9.2 +1.1%
Nov-2016 8.8 -11.1% 8.7 -6.5%
Dec-2016 8.4 -5.6% 8.9 -14.4%
Jan-2017 7.8 -11.4% 9.0 -14.3%
Feb-2017 7.8 -11.4% 8.8 -19.3%
12-Month Avg 9.7 -6.5% 10.2 -3.0%
Historical Months Supply of Inventory by Month
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 13
9.8
12.3
8.8
10.9
7.88.8
Single Family Townhouse-Condo
February
0
10
20
30
40
50
1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 5-2015 9-2015 1-2016 5-2016 9-2016 1-2017
Single Family Townhouse-Condo
- 19.3%- 11.4%- 11.4%- 10.2%- 5.8% + 4.2%Feb-17Feb-16Feb-17Feb-16Feb-15 Feb-15
Page 14
Total Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics Historical Sparkbars 2-2016 2-2017 Percent Change YTD 2016 YTD 2017 Percent Change
- 15.0%
Pending Sales 102 104 + 2.0% 180 198 + 10.0%
New Listings 159 125 - 21.4% 307 261
Sold Listings 79 58 - 26.6% 154 151 - 1.9%
Median Sales Price $445,000 $422,500 - 5.1% $440,000 $439,000 - 0.2%
+ 14.8%
95.9% + 0.4%
$1,122,478
121 - 20.4%
Pct. of List Price Received 95.8% 95.6% - 0.2% 95.5%
Avg. Sales Price $1,175,467 $1,195,275 + 1.7% $978,168
Days on Market 137 115 - 16.1% 152
Affordability Index 83 83 0.0% 83
--
80 - 3.6%
--
-- --
--Active Listings 1,213 967 - 20.3% --
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 14
Months Supply 9.7 8.2 - 15.5%
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
3-2015 7-2015 11-2015 3-2016 7-2016 11-2016
Page 15
Sold Listings
By Price Range 2-2016 2-2017 Change 2-2016 2-2017 Change 1-2017 2-2017 Change 1-2017 2-2017 Change 2-2016 2-2017 Change 2-2016 2-2017 Change$299,999 and Below 231 178 - 22.9% 200 212 + 6.0% 8 7 - 12.5% 10 12 + 20.0% 24 15 - 37.5% 20 22 + 10.0%$300,000 to $599,999 327 360 + 10.1% 204 183 - 10.3% 29 15 - 48.3% 10 4 - 60.0% 39 44 + 12.8% 19 14 - 26.3%$600,000 to $999,999 129 121 - 6.2% 79 76 - 3.8% 5 4 - 20.0% 6 5 - 16.7% 13 9 - 30.8% 6 11 + 83.3%$1,000,000 to $1,499,999 43 50 + 16.3% 54 37 - 31.5% 8 1 - 87.5% 1 2 + 100.0% 4 9 + 125.0% 7 3 - 57.1%$1,500,00 to $1,999,999 14 16 + 14.3% 26 27 + 3.8% 0 1 -- 4 2 - 50.0% 3 1 - 66.7% 2 6 + 200.0%$2,000,000 to $2,499,999 12 14 + 16.7% 13 12 - 7.7% 0 1 -- 1 0 - 100.0% 3 1 - 66.7% 3 1 - 66.7%$2,500,000 to $4,999,999 50 45 - 10.0% 35 28 - 20.0% 3 0 - 100.0% 3 1 - 66.7% 4 3 - 25.0% 2 4 + 100.0%$5,000,000 to $9,999,999 54 28 - 48.1% 6 15 + 150.0% 4 1 - 75.0% 1 1 0.0% 4 5 + 25.0% 0 2 --$10,000,000 and Above 23 12 - 47.8% 2 0 - 100.0% 0 1 -- 0 0 -- 0 1 -- 1 0 - 100.0%All Price Ranges 883 824 - 6.7% 619 590 - 4.7% 57 31 - 45.6% 36 27 - 25.0% 94 88 - 6.4% 60 63 + 5.0%
Inventory of Active Listings
By Price Range 2-2016 2-2017 Change 2-2016 2-2017 Change 1-2017 2-2017 Change 1-2017 2-2017 Change$299,999 and Below 41 23 - 43.9% 80 52 - 35.0% 28 23 - 17.9% 55 52 - 5.5%$300,000 to $599,999 133 81 - 39.1% 108 91 - 15.7% 84 81 - 3.6% 94 91 - 3.2%$600,000 to $999,999 91 86 - 5.5% 150 78 - 48.0% 84 86 + 2.4% 80 78 - 2.5%$1,000,000 to $1,499,999 52 40 - 23.1% 57 66 + 15.8% 40 40 0.0% 68 66 - 2.9%$1,500,00 to $1,999,999 42 32 - 23.8% 43 48 + 11.6% 35 32 - 8.6% 41 48 + 17.1%$2,000,000 to $2,499,999 19 18 - 5.3% 17 12 - 29.4% 18 18 0.0% 12 12 0.0%$2,500,000 to $4,999,999 102 87 - 14.7% 74 47 - 36.5% 89 87 - 2.2% 47 47 0.0%$5,000,000 to $9,999,999 91 93 + 2.2% 24 23 - 4.2% 96 93 - 3.1% 26 23 - 11.5%$10,000,000 and Above 78 74 - 5.1% 11 16 + 45.5% 79 74 - 6.3% 19 16 - 15.8%All Price Ranges 649 534 - 17.7% 564 433 - 23.2% 553 534 - 3.4% 442 433 - 2.0%
Actual sales that have closed in a given month.
Rolling 12 Months Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo
There are no year-to-date figures for inventory because it is simply a
snapshot frozen in time at the end of each month. It does not add up over a
period of months.
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 15
A measure of the number of homes available for sale at a given time.
Compared to Prior Year Compared to Prior Month Year to DateSingle Family Condo Single Family Condo Single Family Condo
883 619
1,503824 590
1,414
Singe Family Townhouse-Condo All Properties
By Property Type 2-2016 2-2017
649 5641,213
534 433967
Singe Family Townhouse-Condo All Properties
By Property Type 2-2016 2-2017
432 531208 97 40 25 85 60 25
390543
197 87 43 26 73 43 12
< $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+
By Price Range – All Properties – Rolling 12 Months 2-2016 2-2017
- 52.0%
121241 241
109 85 36176
115 8975172 164
106 80 30134 116 90
< $300K $300K to $599K $600K to $999K $1.0M to $1.4M $1.5M to $1.9M $2.0M to $2.5M $2.5M to $4.9M $5.0M to $9.9M $10.0M+
By Price Range – All Properties 2-2016 2-2017
- 9.7% + 2.3% - 5.3% - 10.3% - 28.3%+ 7.5% + 4.0% - 14.1% - 6.7% - 4.7% - 5.9%
+ 1.1%- 38.0% - 28.6% - 32.0% - 2.8% + 0.9%- 5.9% - 16.7% - 23.9% - 17.7% - 23.2% - 20.3%
Page 16
Glossary of Terms
New Listings
Pending Sales
Sold Listings
Median Sales Price
Average Sales Price
Percent of List Price Received
Days on Market Until Sale
Housing Affordability Index
Inventory of Active Listings
Months Supply of Inventory
Current as of March 3, 2017. All data from the Aspen/Glenwood Springs MLS Inc. Report © 2017 ShowingTime. | 16
A research tool provided by the Colorado Association of REALTORS®
A measure of how much new supply is coming onto the market from sellers.
A count of all the listings that went into pending status 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.
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.
