Market Report thru October 2013

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Vail Valley / Eagle County

Market Repor t & Area Repor t s

YTD t hru Oct ober 2013

October 2013 Monthly Snapshot

One-Year Change in One-Year Change in

Closed Sales All Properties

Active ListingsAll Properties

23456789

101112131415

Click on desired metric to jump to that page.

Monthly Indicators

- 10.6% - 21.4% + 27.6%One-Year Change in

Now that the baton is in grasp of the final quarter of our annual relay, it's a good time to look back and reflect. This year has been spectacular for residential real estate. Robust gains in sales and prices were felt in many markets. More homes sold in less time for closer to asking price. While consumers have felt empowered by low prices and interest rates, sellers are starting to regain their footing. Seller confidence is crucial to refilled inventory bins – which are still relatively sparse.

New Listings were up 31.3 percent for single family/duplex homes but decreased 11.9 percent for townhouse-condo properties. Pending Sales decreased 39.1 percent for single family/duplex homes and 18.6 percent for townhouse-condo properties.

The Median Sales Price was up 37.2 percent to $710,000 for single family/duplex homes and 30.4 percent to $450,000 for townhouse-condo properties. Months Supply of Inventory decreased 21.3 percent for single family/duplex units and 24.2 percent for townhouse-condo units.

The economy continues to snail forward. The government shutdown had a modest impact on borrowing – mostly centered on USDA and VA borrowers. Consumer confidence is central to ongoing recovery, and confidence was hindered by the shutdown. Consumer spending accounts for roughly 70 percent of U.S. economic activity and impacts the likelihood for big-ticket purchases like homes and cars. Future shutdowns are unwelcome.

Median Sales PriceAll Properties

Residential real estate activity in Vail Board of REALTORS® MLS, comprised of single-family properties, townhomes and condominiums.. Percent changes are calculated using rounded figures.

Single Family/Duplex Activity Overview

Glossary of Terms

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexInventory of Active ListingsMonths Supply of InventoryAll Properties Activity Overview

New ListingsPending SalesClosed SalesMedian Sales PriceAverage Sales PricePercent of List Price Received

Single Family/Duplex Activity Overview

Key Metrics Historical Sparkbars 10-2012 10-2013 Percent Change YTD 2012 YTD 2013 Percent Change

`

Key metrics for Single Family properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 48 63 + 31.3% 800 + 5.8%

Pending Sales 64 39 - 39.1% 532 490 - 7.9%

756

- 0.8%

Median Sales Price $517,500 $710,000 + 37.2% $535,000 $590,500 + 10.4%

Closed Sales 68 55 - 19.1% 471 467

- 11.0%

Pct. of List Price Received 93.8% 95.6% + 1.9% 93.6% 95.4% + 1.9%

Average Sales Price $862,734 $1,348,405 + 56.3% $1,138,270 $1,012,707

- 8.9%

Affordability Index 78 54 - 30.8% 76 64 - 15.8%

Days on Market 165 142 - 13.9% 179 163

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 2

--

Months Supply 12.2 9.6 - 21.3% -- -- --

Active Listings 553 468 - 15.4% -- --

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

Townhouse-Condo Activity Overview

Key Metrics Historical Sparkbars 10-2012 10-2013 Percent Change YTD 2012 YTD 2013 Percent Change

--

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 3

Months Supply 12.8 9.7 - 24.2% -- --

- 18.5%

Active Listings 627 459 - 26.8% -- -- --

Affordability Index 113 82 - 27.4% 108 88

+ 1.0%

Days on Market 211 203 - 3.8% 212 207 - 2.4%

Pct. of List Price Received 93.9% 94.1% + 0.2% 93.8% 94.7%

$774,609 - 1.2%

Median Sales Price $345,000 $450,000 + 30.4% $365,000 $417,000

Average Sales Price $808,805 $720,354 - 10.9% $783,894

469 - 5.4%

+ 14.2%

Closed Sales 73 71 - 2.7% 496

683 - 4.9%

Pending Sales 59 48 - 18.6% 521 498 - 4.4%

718

Key metrics for Townhouse-Condo properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 59 52 - 11.9%

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

New Listings

New ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 53 -24.3% 62 -26.2%

Dec-2012 53 -29.3% 67 -28.0%

Jan-2013 53 -26.4% 55 -29.5%

Feb-2013 68 +30.8% 55 -32.9%

Mar-2013 58 -33.3% 62 +14.8%

Apr-2013 67 +9.8% 47 -9.6%

May-2013 88 -5.4% 73 -18.9%

Jun-2013 148 +27.6% 116 +27.5%

Jul-2013 126 +32.6% 96 +12.9%

Aug-2013 72 -15.3% 79 +11.3%

Sep-2013 57 +21.3% 48 -14.3%

Oct-2013 63 +31.3% 52 -11.9%

12-Month Avg 76 +0.6% 68 -9.3%

Historical New Listings by Month

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 4

A count of the properties that have been newly listed on the market in a given month.

53 58

48

59 63

52

Single Family/Duplex Townhouse-Condo

October

25

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

756 709

756 718

800

683

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 11.9% + 1.7% + 31.3% - 9.4% + 1.3% + 5.8% 0.0% - 4.9%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 10.4% - 8.4% - 11.3% 0.0%

Pending Sales

Pending SalesSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 39 +56.0% 34 -20.9%

Dec-2012 30 +20.0% 36 +24.1%

Jan-2013 42 +2.4% 41 -18.0%

Feb-2013 42 +23.5% 35 -20.5%

Mar-2013 63 +31.3% 48 -15.8%

Apr-2013 51 -8.9% 39 -2.5%

May-2013 30 -33.3% 52 +6.1%

Jun-2013 49 +6.5% 36 -7.7%

Jul-2013 50 -19.4% 69 +3.0%

Aug-2013 70 -9.1% 64 -5.9%

Sep-2013 54 -8.5% 66 +37.5%

Oct-2013 39 -39.1% 48 -18.6%

12-Month Avg 47 -4.0% 47 -4.2%

Historical Pending Sales by Month

A count of the properties on which offers have been accepted in a given month.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 5

43

49

64 59

39

48

Single Family/Duplex Townhouse-Condo

October

0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

368 410

532 521 490 498

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 18.6% + 20.4% - 39.1% + 48.8% + 27.1% - 7.9% + 44.6% - 4.4%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 43.3% + 11.5% + 3.3% + 25.6%

Closed Sales

Closed SalesSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 61 +38.6% 47 +9.3%

Dec-2012 57 +96.6% 49 +4.3%

Jan-2013 23 -14.8% 31 -6.1%

Feb-2013 36 +24.1% 32 -11.1%

Mar-2013 38 +11.8% 35 -25.5%

Apr-2013 53 +55.9% 42 -22.2%

May-2013 58 -13.4% 51 +45.7%

Jun-2013 42 0.0% 40 -4.8%

Jul-2013 48 +33.3% 42 +2.4%

Aug-2013 60 -1.6% 65 -1.5%

Sep-2013 54 -26.0% 60 -13.0%

Oct-2013 55 -19.1% 71 -2.7%

12-Month Avg 49 +7.5% 47 -3.6%

Historical Closed Sales by Month

A count of the actual sales that closed in a given month.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 6

52

40

68 73

55

71

Single Family/Duplex Townhouse-Condo

October

0

20

40

60

80

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

335

394

471 496

467 469

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 2.7% + 82.5% - 19.1% + 30.8% + 25.9% - 0.8% + 40.6% - 5.4%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 20.9% + 8.4% - 3.2% - 14.9%

Median Sales Price

Median Sales PriceSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 $550,000 +18.7% $355,000 -36.0%

Dec-2012 $635,000 -15.9% $455,000 +7.3%

Jan-2013 $310,000 -47.5% $395,000 -34.2%

Feb-2013 $736,500 +36.4% $384,000 -0.9%

Mar-2013 $612,500 -0.4% $512,000 +55.6%

Apr-2013 $565,000 +30.6% $675,000 +74.2%

May-2013 $577,000 +7.3% $330,000 -21.4%

Jun-2013 $459,000 -6.3% $313,250 -2.2%

Jul-2013 $539,000 -3.3% $416,250 +30.1%

Aug-2013 $455,500 +11.1% $450,000 +23.6%

Sep-2013 $780,000 +22.8% $413,500 +12.7%

Oct-2013 $710,000 +37.2% $450,000 +30.4%

12-Month Avg* $585,000 +9.3% $410,000 +9.3%

Historical Median Sales Price by Month

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

* Median Sales Price for all properties from November 2012 through October 2013. This is not the average of the individual figures above.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 7

$957,500

$327,500

$517,500

$345,000

$710,000

$450,000

Single Family/Duplex Townhouse-Condo

October

$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

$550,000

$415,600

$535,000

$365,000

$590,500

$417,000

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

+ 30.4% + 5.3% + 37.2% - 46.0% - 12.2% + 10.4% - 2.7% + 14.2%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 14.7% - 29.0% - 30.7% - 29.6%

Average Sales Price

Average Sales Price

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo

Year-Over-YearChange

Nov-2012 $1,223,695 +36.9% $774,753 -18.8%

Dec-2012 $1,075,356 -30.8% $977,653 +25.6%

Jan-2013 $651,761 -47.9% $652,204 -53.3%

Feb-2013 $1,513,347 +40.3% $935,489 -4.8%

Mar-2013 $832,750 -55.5% $927,314 +22.3%

Apr-2013 $840,334 -29.7% $987,096 +18.0%

May-2013 $1,133,591 -9.5% $625,845 -27.6%

Jun-2013 $788,201 -32.4% $525,095 -20.2%

Jul-2013 $902,062 +9.6% $571,362 -20.0%

Aug-2013 $589,896 -44.0% $910,167 +71.8%

Sep-2013 $1,396,172 +25.1% $866,646 +31.7%

Oct-2013 $1,348,405 +56.3% $720,354 -10.9%

12-Month Avg* $1,040,860 -8.8% $792,230 -0.5%

Historical Average Sales Price by Month

Average sales price for all closed sales, not accounting for seller concessions, in a given month.

* Average Sales Price for all properties from November 2012 through October 2013. This is not the average of the individual figures above.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 8

$1,576,403

$719,794

$862,734 $808,805

$1,348,405

$720,354

Single Family/Duplex Townhouse-Condo

October

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

$1,128,344

$903,757

$1,138,270

$783,894

$1,012,707

$774,609

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 10.9% + 12.4% + 56.3% - 45.3% - 13.3% - 11.0% + 0.9% - 1.2%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 18.3% - 18.2% - 29.2% - 42.7%

Percent of List Price Received

Pct. of List Price Received

SingleFamily/Duplex

Year-Over-YearChange

Townhouse-Condo

Year-Over-YearChange

Nov-2012 93.6% -0.5% 94.5% +2.4%

Dec-2012 93.5% +3.0% 96.1% +6.1%

Jan-2013 96.5% +1.9% 95.6% +2.9%

Feb-2013 93.5% -0.8% 95.4% +1.7%

Mar-2013 94.0% +4.6% 95.0% +0.7%

Apr-2013 94.4% +2.2% 94.2% +1.1%

May-2013 96.8% +3.0% 95.3% +1.5%

Jun-2013 95.5% +2.6% 95.1% -0.5%

Jul-2013 94.7% +0.2% 94.9% +1.7%

Aug-2013 97.0% +3.0% 94.0% +0.3%

Sep-2013 95.1% +1.1% 94.3% +0.4%

Oct-2013 95.6% +1.9% 94.1% +0.2%

12-Month Avg* 95.0% +1.6% 94.8% +1.4%

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 November 2012 through October 2013. This is not the average of the individual figures above.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 9

90.5% 91.1% 93.8% 93.9% 95.6% 94.1%

Single Family/Duplex Townhouse-Condo

October

70.0%

75.0%

80.0%

85.0%

90.0%

95.0%

100.0%

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

92.4% 92.7% 93.6% 93.8% 95.4% 94.7%

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

+ 0.2% + 3.1% + 1.9% + 3.6% + 1.2% + 1.9% + 1.3% + 1.0%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 1.0% + 1.8% + 8.2% + 1.6%

Days on Market Until Sale

Days on MarketSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 158 -35.0% 202 -13.3%

Dec-2012 199 -10.4% 233 +0.9%

Jan-2013 187 -3.6% 153 -28.2%

Feb-2013 195 -27.2% 156 -11.4%

Mar-2013 98 -52.7% 305 +58.9%

Apr-2013 221 +15.1% 239 -23.4%

May-2013 165 -20.3% 170 -36.3%

Jun-2013 118 -41.3% 204 +9.7%

Jul-2013 133 -1.5% 204 +6.8%

Aug-2013 111 -1.8% 241 +34.6%

Sep-2013 257 +52.1% 185 -5.6%

Oct-2013 142 -13.9% 203 -3.8%

12-Month Avg* 186 -10.9% 215 -2.8%

Historical Days on Market Until Sale by Month

Average number of days between when a property is listed and when an offer is accepted in a given month.

* Days on Market for all properties from November 2012 through October 2013. This is not the average of the individual figures above.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 10

255 235

165

211

142

203

Single Family/Duplex Townhouse-Condo

October

0

100

200

300

400

500

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

229 228

179

212

163

207

Single Family/Duplex Townhouse-Condo

Year to Date

2011 2012 2013

- 3.8% - 10.2% - 13.9% - 35.3% - 7.0% - 8.9% - 21.8% - 2.4% 2011 2012 2013 2011 2012 2013 2011 2012 2013

- 9.6% - 5.0% - 21.6% - 1.3%

Housing Affordability Index

Affordability IndexSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 74 -8.6% 111 +60.9%

Dec-2012 66 +26.9% 90 +1.1%

Jan-2013 127 +95.4% 102 +59.4%

Feb-2013 56 -22.2% 102 +5.2%

Mar-2013 67 +6.3% 79 -29.5%

Apr-2013 73 -18.0% 62 -36.7%

May-2013 69 -6.8% 115 +25.0%

Jun-2013 80 -1.2% 113 -4.2%

Jul-2013 69 -4.2% 88 -26.7%

Aug-2013 80 -16.7% 81 -24.3%

Sep-2013 49 -24.6% 89 -17.6%

Oct-2013 54 -30.8% 82 -27.4%

12-Month Avg* 72 -27.0% 74 -17.1%

Historical Housing Affordability Index by 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.

* Affordability Index for all properties from November 2012 through October 2013. This is not the average of the individual figures above.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 11

41

111

78

113

54

82

Single Family/Duplex Townhouse-Condo

October

0

20

40

60

80

100

120

140

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

2011 2012 2013

- 27.4% + 1.8% - 30.8% + 90.2% 2011 2012 2013

- 6.8% + 46.1%

69

89

76

108

64

88

Single Family/Duplex Townhouse-Condo

Year to Date

- 18.5% + 21.3% - 15.8% + 10.1% + 46.8% + 48.3% 2011 2012 2013 2011 2012 2013

Inventory of Active Listings

Active ListingsSingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 536 -19.9% 627 -18.6%

Dec-2012 499 -22.8% 601 -22.4%

Jan-2013 474 -25.2% 578 -24.6%

Feb-2013 479 -24.8% 580 -26.3%

Mar-2013 454 -31.0% 574 -24.5%

Apr-2013 442 -28.4% 528 -24.5%

May-2013 456 -29.4% 523 -26.0%

Jun-2013 523 -23.9% 575 -21.4%

Jul-2013 573 -17.4% 588 -17.3%

Aug-2013 542 -19.7% 573 -16.8%

Sep-2013 498 -19.9% 511 -23.2%

Oct-2013 468 -15.4% 459 -26.8%

12-Month Avg 495 -23.2% 560 -22.7%

Historical Inventory of Active Listings by Month

The number of properties available for sale in active status at the end of a given month.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 12

687 774

553 627

468 459

Single Family/Duplex Townhouse-Condo

October

400

500

600

700

800

900

1,000

1,100

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

2011 2012 2013 - 26.8% - 19.0% - 15.4% - 19.5%

2011 2012 2013

- 10.7% - 8.5%

Months Supply of Inventory

Months SupplySingle

Family/DuplexYear-Over-Year

ChangeTownhouse-

CondoYear-Over-Year

Change

Nov-2012 11.5 -41.3% 12.8 -34.4%

Dec-2012 10.2 -46.3% 12.2 -36.5%

Jan-2013 9.7 -47.6% 11.8 -37.2%

Feb-2013 9.7 -46.7% 11.9 -40.5%

Mar-2013 9.1 -51.3% 12.0 -39.1%

Apr-2013 8.6 -51.4% 11.3 -35.1%

May-2013 9.0 -47.7% 10.9 -39.1%

Jun-2013 10.4 -40.9% 12.0 -33.0%

Jul-2013 11.1 -36.6% 12.2 -27.8%

Aug-2013 10.5 -34.8% 11.9 -24.2%

Sep-2013 10.0 -29.1% 10.8 -25.0%

Oct-2013 9.6 -21.3% 9.7 -24.2%

12-Month Avg 10.0 -42.1% 11.6 -33.7%

Historical Months Supply of Inventory by Month

The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.

* Months Supply for all properties from November 2012 through October 2013. This is not the average of the individual figures above.

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13

20.9 19.6

12.2 12.8

9.6 9.7

Single Family/Duplex Townhouse-Condo

October

0.0

10.0

20.0

30.0

40.0

50.0

1-2009 1-2010 1-2011 1-2012 1-2013

Single Family/Duplex Townhouse-Condo

2011 2012 2013 - 24.2% - 34.7% - 21.3% - 41.6%

2011 2012 2013

- 17.7% - 10.9%

All Properties Activity Overview

Key Metrics Historical Sparkbars 10-2012 10-2013 Percent Change YTD 2012 YTD 2013 Percent Change

--

Current as of November 10, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 14

Months Supply 12.5 9.7 - 22.4% -- --

- 23.4%

Active Listings 1,180 927 - 21.4% -- -- --

Affordability Index 93 69 - 26.2% 95 73

+ 1.4%

Days on Market 189 176 - 6.9% 196 185 - 5.6%

Pct. of List Price Received 93.8% 94.8% + 1.1% 93.7% 95.0%

$893,276 - 6.6%

Median Sales Price $429,000 $547,500 + 27.6% $420,000 $515,000

Average Sales Price $834,814 $994,503 + 19.1% $956,501

936 - 3.2%

+ 22.6%

Closed Sales 141 126 - 10.6% 967

1,483 + 0.6%

Pending Sales 123 87 - 29.3% 1,053 988 - 6.2%

1,474

Key metrics for All Properties by report month and for year-to-date (YTD) starting from the first of the year.

New Listings 107 115 + 7.5%

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

10-2010 10-2011 10-2012 10-2013

Glossary of Terms

New Listings

Pending Sales

Closed Sales

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 July 12, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing. | Click for Cover Page | 13

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 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.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 13 11 - 15.4% 33 36 + 9.1%

Sold Listings 10 6 - 40.0% 23 20 - 13.0%

Median Sales Price* $2,837,500 $1,650,000 - 41.9% $2,550,000 $1,757,500 - 31.1%

Average Sales Price* $2,657,500 $1,800,417 - 32.3% $2,721,935 $1,894,775 - 30.4%

Percent of List Price Received* 90.0% 91.8% + 2.0% 90.5% 91.2% + 0.8%

Days on Market Until Sale 253 162 - 36.0% 231 206 - 10.8%

Inventory of Homes for Sale 43 28 - 34.9% -- -- --

Months Supply of Inventory 12.8 11.6 - 9.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 11 13 + 18.2% 22 31 + 40.9%

Sold Listings 5 5 0.0% 9 15 + 66.7%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Arrowhead

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 5 5 0.0% 9 15 + 66.7%

Median Sales Price* $505,000 $985,000 + 95.0% $960,000 $550,000 - 42.7%

Average Sales Price* $968,500 $977,000 + 0.9% $944,722 $952,387 + 0.8%

Percent of List Price Received* 93.3% 91.1% - 2.4% 89.2% 90.7% + 1.7%

Days on Market Until Sale 387 199 - 48.6% 332 207 - 37.7%

Inventory of Homes for Sale 27 29 + 7.4% -- -- --

Months Supply of Inventory 17.2 16.6 - 3.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Arrowhead — Entire MLS — Entire MLS —

Arrowhead —

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 14 13 - 7.1% 39 26 - 33.3%

Sold Listings 6 5 - 16.7% 20 15 - 25.0%

Median Sales Price* $3,047,500 $6,600,000 + 116.6% $3,975,000 $4,450,000 + 11.9%

Average Sales Price* $3,811,667 $6,565,000 + 72.2% $4,784,925 $4,627,667 - 3.3%

Percent of List Price Received* 99.8% 93.1% - 6.7% 94.3% 93.2% - 1.2%

Days on Market Until Sale 70 540 + 671.4% 176 370 + 110.2%

Inventory of Homes for Sale 48 42 - 12.5% -- -- --

Months Supply of Inventory 23.0 17.2 - 25.2% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 42 24 - 42.9% 110 83 - 24.5%

Sold Listings 23 21 - 8.7% 60 57 - 5.0%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Beaver Creek/Bachelor Gulch

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 23 21 8.7% 60 57 5.0%

Median Sales Price* $1,050,000 $1,325,000 + 26.2% $1,152,500 $1,265,000 + 9.8%

Average Sales Price* $1,441,152 $1,698,905 + 17.9% $1,703,500 $1,449,754 - 14.9%

Percent of List Price Received* 91.8% 92.7% + 1.0% 92.0% 93.3% + 1.4%

Days on Market Until Sale 212 289 + 36.3% 209 277 + 32.5%

Inventory of Homes for Sale 134 112 - 16.4% -- -- --

Months Supply of Inventory 19.4 17.2 - 11.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Beaver Creek/Bachelor Gulch — Entire MLS — Entire MLS —

Beaver Creek/Bachelor Gulch —

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Dotsero/Sweetwater

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Dotsero/Sweetwater — Entire MLS — Entire MLS —

Dotsero/Sweetwater —

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 20 20 0.0% 67 55 - 17.9%

Sold Listings 21 18 - 14.3% 42 45 + 7.1%

Median Sales Price* $301,000 $322,550 + 7.2% $296,000 $325,000 + 9.8%

Average Sales Price* $319,670 $335,610 + 5.0% $315,873 $398,109 + 26.0%

Percent of List Price Received* 96.2% 96.4% + 0.2% 96.3% 97.1% + 0.8%

Days on Market Until Sale 84 33 - 60.7% 99 67 - 32.3%

Inventory of Homes for Sale 32 23 - 28.1% -- -- --

Months Supply of Inventory 6.9 3.9 - 43.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 14 4 - 71.4% 40 25 - 37.5%

Sold Listings 7 3 - 57.1% 26 17 - 34.6%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Eagle

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 7 3 57.1% 26 17 34.6%

Median Sales Price* $165,000 $269,000 + 63.0% $161,563 $197,500 + 22.2%

Average Sales Price* $165,821 $270,500 + 63.1% $151,876 $233,201 + 53.5%

Percent of List Price Received* 99.3% 96.6% - 2.7% 96.5% 97.4% + 0.9%

Days on Market Until Sale 43 26 - 39.5% 72 70 - 2.8%

Inventory of Homes for Sale 19 9 - 52.6% -- -- --

Months Supply of Inventory 6.3 3.6 - 42.9% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Eagle — Entire MLS — Entire MLS —

Eagle —

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 19 18 - 5.3% 60 59 - 1.7%

Sold Listings 17 15 - 11.8% 37 37 0.0%

Median Sales Price* $432,000 $535,000 + 23.8% $540,000 $560,000 + 3.7%

Average Sales Price* $505,406 $514,375 + 1.8% $515,211 $613,720 + 19.1%

Percent of List Price Received* 96.3% 97.0% + 0.7% 95.1% 96.2% + 1.2%

Days on Market Until Sale 79 47 - 40.5% 160 142 - 11.3%

Inventory of Homes for Sale 42 28 - 33.3% -- -- --

Months Supply of Inventory 10.1 6.2 - 38.6% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 5 4 - 20.0% 7 13 + 85.7%

Sold Listings 6 3 - 50.0% 11 11 0.0%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Eagle Ranch

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 6 3 50.0% 11 11 0.0%

Median Sales Price* $207,500 $240,000 + 15.7% $210,000 $235,000 + 11.9%

Average Sales Price* $211,167 $242,900 + 15.0% $209,682 $221,973 + 5.9%

Percent of List Price Received* 97.4% 96.6% - 0.8% 97.4% 95.4% - 2.1%

Days on Market Until Sale 110 44 - 60.0% 172 58 - 66.3%

Inventory of Homes for Sale 5 4 - 20.0% -- -- --

Months Supply of Inventory 2.3 2.5 + 8.7% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Eagle Ranch — Entire MLS — Entire MLS —

Eagle Ranch —

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 14 13 - 7.1% 42 42 0.0%

Sold Listings 11 10 - 9.1% 23 21 - 8.7%

Median Sales Price* $495,000 $624,500 + 26.2% $415,000 $560,000 + 34.9%

Average Sales Price* $528,864 $620,350 + 17.3% $457,638 $571,310 + 24.8%

Percent of List Price Received* 93.5% 95.4% + 2.0% 95.2% 97.0% + 1.9%

Days on Market Until Sale 105 72 - 31.4% 88 53 - 39.8%

Inventory of Homes for Sale 26 18 - 30.8% -- -- --

Months Supply of Inventory 9.8 5.0 - 49.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 44 60 + 36.4% 146 144 - 1.4%

Sold Listings 45 46 + 2.2% 89 97 + 9.0%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Eagle-Vail & Avon

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 45 46 + 2.2% 89 97 + 9.0%

Median Sales Price* $231,000 $300,500 + 30.1% $242,000 $277,000 + 14.5%

Average Sales Price* $262,789 $392,141 + 49.2% $289,129 $362,074 + 25.2%

Percent of List Price Received* 94.1% 94.4% + 0.3% 94.9% 95.4% + 0.5%

Days on Market Until Sale 132 127 - 3.8% 151 172 + 13.9%

Inventory of Homes for Sale 108 84 - 22.2% -- -- --

Months Supply of Inventory 10.5 7.4 - 29.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Eagle-Vail & Avon — Entire MLS — Entire MLS —

Eagle-Vail & Avon —

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 10 14 + 40.0% 39 37 - 5.1%

Sold Listings 4 2 - 50.0% 15 11 - 26.7%

Median Sales Price* $1,922,500 $1,719,750 - 10.5% $1,950,000 $1,550,000 - 20.5%

Average Sales Price* $1,956,250 $1,719,750 - 12.1% $2,296,833 $1,552,000 - 32.4%

Percent of List Price Received* 85.9% 92.9% + 8.1% 88.5% 94.4% + 6.7%

Days on Market Until Sale 34 151 + 344.1% 201 139 - 30.8%

Inventory of Homes for Sale 43 41 - 4.7% -- -- --

Months Supply of Inventory 20.6 18.5 - 10.2% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 12 27 + 125.0% 61 75 + 23.0%

Sold Listings 21 24 + 14.3% 39 48 + 23.1%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

East Vail

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 21 24 + 14.3% 39 48 + 23.1%

Median Sales Price* $395,000 $418,500 + 5.9% $400,000 $418,500 + 4.6%

Average Sales Price* $445,476 $576,214 + 29.3% $479,392 $534,992 + 11.6%

Percent of List Price Received* 93.7% 96.1% + 2.6% 93.7% 95.1% + 1.5%

Days on Market Until Sale 127 136 + 7.1% 149 137 - 8.1%

Inventory of Homes for Sale 40 32 - 20.0% -- -- --

Months Supply of Inventory 9.4 5.6 - 40.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

East Vail — Entire MLS — Entire MLS —

East Vail —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 24 21 - 12.5% 59 68 + 15.3%

Sold Listings 10 16 + 60.0% 18 31 + 72.2%

Median Sales Price* $648,500 $690,000 + 6.4% $643,750 $705,000 + 9.5%

Average Sales Price* $716,400 $891,344 + 24.4% $762,328 $1,024,513 + 34.4%

Percent of List Price Received* 91.3% 92.8% + 1.6% 92.0% 92.7% + 0.8%

Days on Market Until Sale 165 124 - 24.8% 172 161 - 6.4%

Inventory of Homes for Sale 65 44 - 32.3% -- -- --

Months Supply of Inventory 29.5 10.8 - 63.4% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 13 25 + 92.3% 60 61 + 1.7%

Sold Listings 15 17 + 13.3% 36 33 - 8.3%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Edwards

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 15 17 + 13.3% 36 33 8.3%

Median Sales Price* $250,000 $380,000 + 52.0% $249,500 $355,000 + 42.3%

Average Sales Price* $287,800 $430,735 + 49.7% $273,252 $385,830 + 41.2%

Percent of List Price Received* 94.1% 95.7% + 1.7% 95.5% 96.3% + 0.8%

Days on Market Until Sale 61 83 + 36.1% 67 101 + 50.7%

Inventory of Homes for Sale 42 22 - 47.6% -- -- --

Months Supply of Inventory 10.7 5.4 - 49.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Edwards — Entire MLS — Entire MLS —

Edwards —

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

$1,100,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 30 39 + 30.0% 91 97 + 6.6%

Sold Listings 30 24 - 20.0% 78 72 - 7.7%

Median Sales Price* $226,000 $281,118 + 24.4% $250,000 $258,500 + 3.4%

Average Sales Price* $228,265 $319,889 + 40.1% $270,571 $282,190 + 4.3%

Percent of List Price Received* 98.8% 101.0% + 2.2% 97.7% 100.6% + 3.0%

Days on Market Until Sale 45 52 + 15.6% 91 47 - 48.4%

Inventory of Homes for Sale 36 20 - 44.4% -- -- --

Months Supply of Inventory 4.4 2.4 - 45.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 6 3 - 50.0% 21 8 - 61.9%

Sold Listings 8 4 - 50.0% 22 8 - 63.6%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Gypsum

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 8 4 50.0% 22 8 63.6%

Median Sales Price* $104,000 $125,750 + 20.9% $99,950 $120,300 + 20.4%

Average Sales Price* $104,913 $129,173 + 23.1% $100,359 $124,764 + 24.3%

Percent of List Price Received* 89.4% 103.8% + 16.1% 94.9% 101.8% + 7.3%

Days on Market Until Sale 39 24 - 38.5% 48 19 - 60.4%

Inventory of Homes for Sale 3 1 - 66.7% -- -- --

Months Supply of Inventory 1.3 0.6 - 53.8% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Gypsum — Entire MLS — Entire MLS —

Gypsum —

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q2-2012 Thru Q2-2013Percent Change

from Previous Year

New Listings 12 3 - 75.0% 17 13 - 23.5%

Sold Listings 2 8 + 300.0% 2 13 + 550.0%

Median Sales Price* $252,500 $469,750 + 86.0% $252,500 $325,000 + 28.7%

Average Sales Price* $252,500 $546,813 + 116.6% $252,500 $436,192 + 72.7%

Percent of List Price Received* 86.5% 93.0% + 7.5% 86.5% 95.2% + 10.1%

Days on Market Until Sale 33 132 + 300.0% 33 104 + 215.2%

Inventory of Homes for Sale 26 14 - 46.2% -- -- --

Months Supply of Inventory 17.3 6.0 - 65.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q2-2012 Thru Q2-2013Percent Change

from Previous Year

New Listings 3 2 - 33.3% 4 2 - 50.0%

Sold Listings 0 1 -- 1 1 0.0%

Local Market Update for Quarter 2-2013A Research Tool Provided by the Colorado Association of REALTORS®

Minturn and Red Cliff#N/A

Quarter 2 Year to Date

Quarter 2 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 1 1 1 0.0%

Median Sales Price* 0 $405,000 -- $329,000 $405,000 + 23.1%

Average Sales Price* $0 $405,000 -- $329,000 $405,000 + 23.1%

Percent of List Price Received* $0 95.3% -- 96.8% 95.3% - 1.5%

Days on Market Until Sale 0.0% 12 -- 58 12 - 79.3%

Inventory of Homes for Sale 7 1 - 85.7% -- -- --

Months Supply of Inventory 4.7 1.0 - 78.7% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of July 12, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Minturn and Red Cliff — Entire MLS — Entire MLS —

Minturn and Red Cliff —

$200,000

$400,000

$600,000

$800,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of July 12, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 1 -- 1 3 + 200.0%

Sold Listings 1 0 - 100.0% 2 0 - 100.0%

Median Sales Price* $7,000,000 $0 - 100.0% $5,325,000 $0 - 100.0%

Average Sales Price* $7,000,000 $0 - 100.0% $5,325,000 $0 - 100.0%

Percent of List Price Received* 73.7% 0.0% - 100.0% 77.0% 0.0% - 100.0%

Days on Market Until Sale 358 0 - 100.0% 314 0 - 100.0%

Inventory of Homes for Sale 6 5 - 16.7% -- -- --

Months Supply of Inventory 6.0 2.5 - 58.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Mountain Star

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Mountain Star — Entire MLS — Entire MLS —

Mountain Star —

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 1 -- 2 2 0.0%

Sold Listings 0 1 -- 0 3 --

Median Sales Price* $0 $850,000 -- $0 $310,000 --

Average Sales Price* $0 $850,000 -- $0 $486,667 --

Percent of List Price Received* 0.0% 85.9% -- 0.0% 78.1% --

Days on Market Until Sale 0 38 -- 0 170 --

Inventory of Homes for Sale 4 3 - 25.0% -- -- --

Months Supply of Inventory 0.0 2.3 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

NW Eagle County

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Current as of November 1, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

NW Eagle County — Entire MLS — Entire MLS —

NW Eagle County —

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single Family Rolling 12-Month Calculation

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 6 2 - 66.7% 11 4 - 63.6%

Sold Listings 4 0 - 100.0% 7 2 - 71.4%

Median Sales Price* $951,804 $0 - 100.0% $928,608 $1,200,000 + 29.2%

Average Sales Price* $1,501,152 $0 - 100.0% $1,195,658 $1,200,000 + 0.4%

Percent of List Price Received* 97.5% 0.0% - 100.0% 94.4% 89.9% - 4.8%

Days on Market Until Sale 28 0 - 100.0% 150 28 - 81.3%

Inventory of Homes for Sale 5 4 - 20.0% -- -- --

Months Supply of Inventory 1.9 2.0 + 5.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 8 13 + 62.5% 37 37 0.0%

Sold Listings 11 11 0.0% 26 21 - 19.2%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Sandstone

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 11 11 0.0% 26 21 19.2%

Median Sales Price* $436,000 $410,000 - 6.0% $436,000 $410,000 - 6.0%

Average Sales Price* $506,682 $526,727 + 4.0% $519,702 $500,127 - 3.8%

Percent of List Price Received* 94.4% 94.9% + 0.5% 94.2% 96.1% + 2.0%

Days on Market Until Sale 130 84 - 35.4% 228 109 - 52.2%

Inventory of Homes for Sale 27 14 - 48.1% -- -- --

Months Supply of Inventory 8.3 5.1 - 38.6% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Sandstone — Entire MLS — Entire MLS —

Sandstone —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$350,000

$400,000

$450,000

$500,000

$550,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 14 18 + 28.6% 58 68 + 17.2%

Sold Listings 16 16 0.0% 33 35 + 6.1%

Median Sales Price* $710,000 $772,500 + 8.8% $690,000 $760,000 + 10.1%

Average Sales Price* $756,906 $816,875 + 7.9% $753,403 $913,617 + 21.3%

Percent of List Price Received* 94.3% 95.1% + 0.8% 93.5% 94.5% + 1.1%

Days on Market Until Sale 76 97 + 27.6% 128 150 + 17.2%

Inventory of Homes for Sale 42 32 - 23.8% -- -- --

Months Supply of Inventory 12.0 8.5 - 29.2% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 1 3 + 200.0% 4 8 + 100.0%

Sold Listings 3 0 - 100.0% 6 1 - 83.3%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Singletree

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 3 0 100.0% 6 1 83.3%

Median Sales Price* $360,000 $0 - 100.0% $343,500 $320,000 - 6.8%

Average Sales Price* $430,667 $0 - 100.0% $388,500 $320,000 - 17.6%

Percent of List Price Received* 91.7% 0.0% - 100.0% 90.9% 83.1% - 8.6%

Days on Market Until Sale 312 0 - 100.0% 229 134 - 41.5%

Inventory of Homes for Sale 3 7 + 133.3% -- -- --

Months Supply of Inventory 3.0 7.0 + 133.3% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Singletree — Entire MLS — Entire MLS —

Singletree —

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$300,000

$400,000

$500,000

$600,000

$700,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 5 -- 7 8 + 14.3%

Sold Listings 2 2 0.0% 8 5 - 37.5%

Median Sales Price* $6,065,000 $5,175,000 - 14.7% $7,550,000 $5,500,000 - 27.2%

Average Sales Price* $6,065,000 $5,175,000 - 14.7% $7,991,250 $6,750,000 - 15.5%

Percent of List Price Received* 83.7% 96.0% + 14.7% 83.7% 94.0% + 12.3%

Days on Market Until Sale 577 395 - 31.5% 458 255 - 44.3%

Inventory of Homes for Sale 15 13 - 13.3% -- -- --

Months Supply of Inventory 9.5 9.8 + 3.2% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 39 24 - 38.5% 94 85 - 9.6%

Sold Listings 16 19 + 18.8% 57 54 - 5.3%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Vail Village and Lionshead#N/A

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 16 19 + 18.8% 57 54 5.3%

Median Sales Price* $1,117,500 $1,130,000 + 1.1% $1,795,000 $1,320,000 - 26.5%

Average Sales Price* $1,744,772 $2,074,712 + 18.9% $2,118,111 $1,945,343 - 8.2%

Percent of List Price Received* 92.1% 90.3% - 2.0% 91.4% 92.5% + 1.2%

Days on Market Until Sale 232 221 - 4.7% 277 239 - 13.7%

Inventory of Homes for Sale 210 156 - 25.7% -- -- --

Months Supply of Inventory 36.5 23.7 - 35.1% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Vail Village and Lionshead — Entire MLS — Entire MLS —

Vail Village and Lionshead —

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 8 8 0.0% 19 27 + 42.1%

Sold Listings 4 5 + 25.0% 7 8 + 14.3%

Median Sales Price* $905,000 $820,000 - 9.4% $935,000 $1,120,000 + 19.8%

Average Sales Price* $965,000 $931,000 - 3.5% $960,000 $1,118,750 + 16.5%

Percent of List Price Received* 89.2% 91.8% + 2.9% 90.3% 92.6% + 2.5%

Days on Market Until Sale 442 191 - 56.8% 313 239 - 23.6%

Inventory of Homes for Sale 18 14 - 22.2% -- -- --

Months Supply of Inventory 9.0 8.4 - 6.7% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 10 6 - 40.0% 30 27 - 10.0%

Sold Listings 9 8 - 11.1% 23 17 - 26.1%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

West Vail

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 9 8 11.1% 23 17 26.1%

Median Sales Price* $288,000 $587,500 + 104.0% $367,000 $525,000 + 43.1%

Average Sales Price* $320,722 $577,750 + 80.1% $368,783 $467,588 + 26.8%

Percent of List Price Received* 95.0% 95.2% + 0.2% 93.6% 95.0% + 1.5%

Days on Market Until Sale 92 178 + 93.5% 160 150 - 6.3%

Inventory of Homes for Sale 20 10 - 50.0% -- -- --

Months Supply of Inventory 8.0 3.8 - 52.5% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

West Vail — Entire MLS — Entire MLS —

West Vail —

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 10 16 + 60.0% 29 28 - 3.4%

Sold Listings 5 9 + 80.0% 21 18 - 14.3%

Median Sales Price* $480,000 $665,000 + 38.5% $655,000 $647,500 - 1.1%

Average Sales Price* $657,500 $734,056 + 11.6% $692,310 $737,583 + 6.5%

Percent of List Price Received* 90.4% 95.5% + 5.6% 85.9% 95.7% + 11.4%

Days on Market Until Sale 274 111 - 59.5% 217 130 - 40.1%

Inventory of Homes for Sale 26 20 - 23.1% -- -- --

Months Supply of Inventory 12.5 8.0 - 36.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 4 12 + 200.0% 13 20 + 53.8%

Sold Listings 3 5 + 66.7% 9 11 + 22.2%

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Wildridge/Wildwood

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 3 5 + 66.7% 9 11 + 22.2%

Median Sales Price* $465,000 $380,000 - 18.3% $310,000 $390,000 + 25.8%

Average Sales Price* $380,667 $514,450 + 35.1% $337,944 $449,477 + 33.0%

Percent of List Price Received* 93.0% 93.4% + 0.4% 95.6% 95.8% + 0.2%

Days on Market Until Sale 325 75 - 76.9% 207 68 - 67.1%

Inventory of Homes for Sale 10 8 - 20.0% -- -- --

Months Supply of Inventory 9.0 4.9 - 45.6% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Wildridge/Wildwood — Entire MLS — Entire MLS —

Wildridge/Wildwood —

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 3 0 - 100.0% 10 7 - 30.0%

Sold Listings 2 2 0.0% 6 4 - 33.3%

Median Sales Price* $1,319,750 $1,322,500 + 0.2% $685,000 $1,024,500 + 49.6%

Average Sales Price* $1,319,750 $1,322,500 + 0.2% $1,025,750 $1,112,875 + 8.5%

Percent of List Price Received* 90.3% 91.6% + 1.4% 95.8% 92.7% - 3.2%

Days on Market Until Sale 147 466 + 217.0% 202 318 + 57.4%

Inventory of Homes for Sale 16 8 - 50.0% -- -- --

Months Supply of Inventory 14.2 4.4 - 69.0% -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Key Metrics 2012 2013Percent Change

from Previous Year Thru Q3-2012 Thru Q3-2013Percent Change

from Previous Year

New Listings 0 0 -- 0 0 --

Sold Listings 0 0 -- 0 0 --

Local Market Update for Quarter 3-2013A Research Tool Provided by the Colorado Association of REALTORS®

Wolcott

Quarter 3 Year to Date

Quarter 3 Year to DateSingle Family

Townhouse-Condo

Sold Listings 0 0 0 0

Median Sales Price* $0 $0 -- $0 $0 --

Average Sales Price* $0 $0 -- $0 $0 --

Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% --

Days on Market Until Sale 0 0 -- 0 0 --

Inventory of Homes for Sale 0 0 -- -- -- --

Months Supply of Inventory 0.0 0.0 -- -- -- --

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.

Wolcott — Entire MLS — Entire MLS —

Wolcott —

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Single FamilyRolling 12-Month Calculation

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Q1-2009 Q1-2010 Q1-2011 Q1-2012 Q1-2013

Median Sales Price – Townhouse-Condo Rolling 12-Month Calculation

Current as of October 11, 2013. All data from the Vail Board of REALTORS® MLS. Powered by 10K Research and Marketing.