July 2013 Monthly Snapshot One-Year Change in One-Year Change in Single Family Sold Listings Single Family Days On Market 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Click on desired metric to jump to that page. Monthly Indicators + 22.6% - 14.5% + 9.6% One-Year Change in It won't be long before the housing recovery is simply referred to as housing. Institutional and cash buyers have effectively priced themselves out of the market. During the downturn, much inventory was purchased by these groups. Now that prices are rising, there's less incentive for these kinds of buyers, yet affordability for consumers remains attractive. New Listings were up 3.0 percent for single family homes and 31.9 percent for townhouse-condo properties. Pending Sales decreased 71.2 percent for single family homes and 68.2 percent for townhouse-condo properties. The Median Sales Price was up 9.6 percent to $271,750 for single family homes and 1.4 percent to $156,600 for townhouse-condo properties. Single family properties have 4.2 months supply of inventory and townhouse-condo have 3.1 months of supply. With mortgage rates slightly up but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Although the unemployment rate remains a factor to watch, the housing recovery continues to plug along, helping the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters. Single Familly Median Sales Price Residential real estate activity in Area 9, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures. Single Family Activity Overview All Properties Activity Overview Current as of August 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. Townhouse-Condo Activity Overview Days on Market Until Sale Housing Affordability Index All Properties Activity Overview Glossary of Terms Months Supply of Inventory New Listings Pending Sales Sold Listings Median Sales Price Average Sales Price Percent of List Price Received
A comprehensive Housing Report from the Fort Collins Board of REALTORS®. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings. For more information please call 223-2900
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July 2013 Monthly Snapshot
One-Year Change in One-Year Change in
Single FamilySold Listings
Single FamilyDays On Market
23456789
101112131415
Click on desired metric to jump to that page.
Monthly Indicators
+ 22.6% - 14.5% + 9.6%One-Year Change in
It won't be long before the housing recovery is simply referred to as housing. Institutional and cash buyers have effectively priced themselves out of the market. During the downturn, much inventory was purchased by these groups. Now that prices are rising, there's less incentive for these kinds of buyers, yet affordability for consumers remains attractive.
New Listings were up 3.0 percent for single family homes and 31.9 percent for townhouse-condo properties. Pending Sales decreased 71.2 percent for single family homes and 68.2 percent for townhouse-condo properties.
The Median Sales Price was up 9.6 percent to $271,750 for single family homes and 1.4 percent to $156,600 for townhouse-condo properties. Single family properties have 4.2 months supply of inventory and townhouse-condo have 3.1 months of supply. With mortgage rates slightly up but relatively low by historic standards, the Fed has indicated no change in monetary policy based on a moderately-paced economic expansion. Although the unemployment rate remains a factor to watch, the housing recovery continues to plug along, helping the greater economy with flourishing activity in sales and prices. Housing has made a positive contribution to real GDP growth for 11 consecutive quarters.
Single FamillyMedian Sales Price
Residential real estate activity in Area 9, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.
Single Family Activity Overview
All Properties Activity Overview
Current as of August 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing.
Townhouse-Condo Activity Overview
Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewGlossary of TermsMonths Supply of Inventory
New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received
Single Family Activity OverviewKey metrics for Single Family by report month and for year-to-date (YTD) starting from the first of the year.
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
* Average Sales Price for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Current as of August 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 9
$275,025
$155,726
$280,581
$158,267
$313,784
$165,288
Single Family Townhouse-Condo
July
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
1-2009 1-2010 1-2011 1-2012 1-2013
Single Family Townhouse-Condo
2011 2012 2013
+ 4.4% + 1.6% + 11.8% + 2.0% 2011 2012 2013
+ 4.0% - 6.1%
$270,358
$156,318
$278,366
$161,532
$297,544
$175,335
Single Family Townhouse-Condo
Year to Date
+ 8.5% + 3.3% 2011 2012 2013 2011 2012 2013
+ 6.9% + 3.0% + 2.6% - 1.8%
Percent of List Price Received
Pct. of List Price Received
SingleFamily
Year-Over-YearChange
Townhouse-Condo
Year-Over-YearChange
Aug-2012 98.2% +0.6% 98.3% +0.6%
Sep-2012 98.2% +0.9% 98.3% +2.2%
Oct-2012 98.3% +0.4% 98.0% +1.4%
Nov-2012 98.2% +1.2% 98.1% +0.8%
Dec-2012 97.4% -0.9% 97.9% +0.7%
Jan-2013 97.9% +0.1% 98.4% +2.8%
Feb-2013 98.1% -0.2% 98.4% +3.6%
Mar-2013 98.9% +0.7% 98.9% +0.7%
Apr-2013 99.0% +1.1% 98.9% +1.5%
May-2013 99.2% +0.7% 99.2% +1.2%
Jun-2013 99.3% +0.6% 99.2% +1.1%
Jul-2013 99.1% +0.2% 99.5% +1.4%
12-Month Avg* 98.1% +0.5% 97.4% +1.3%
Historical Percent of List Price Received by Month
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.
* Pct. of List Price Received for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Current as of August 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Historical Days on Market Until Sale by Month* Days on Market for all properties from August 2012 through July 2013. This is not the average of the individual figures above.
Current as of August 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Average number of days between when a property is listed and when an offer is accepted in a given month.
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.
Current as of August 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Under Contract Not enough historical data for chart -- -- -- --
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
7-2010 7-2011 7-2012 7-2013
Glossary of Terms
New Listings
Pending Sales
Under Contract Activity
Sold Listings
Median Sales Price
Average Sales Price
Percent of List Price Received
Days on Market Until Sale
Housing Affordability Index
Active Listings
Months Supply of Inventory
Current as of July 16, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13
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 sum of all home sales prices divided by total number of sales.
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.
A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.
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 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 count of all listings Under Contract during the reported period. Listings that go Under Contract are counted each day. There is no maximum number of times a listing can be counted as Under Contract. For example, if a listing goes into Under Contract, out of Under Contract, then back into Under Contract all in one reported period, this listing would be counted twice.
A measure of home sales that were closed to completion during the report period.