METROPOLITANDENVERREALESTATEMARKET

DECEMBER,2012YEAREND

RESIDENTIAL(DefinedasSingleFamilyplusCondo)
Bythenumbers,therewere7,706homesavailableforsaleatyearend(30%),60,443newlistings
cameonthemarketfortheyear(4%),56,412homeswentundercontract(19%),46,299homes
closed(18%),averagedaysonmarketwas77days(29%),averagesoldpricewas$279,601(9%),
andcloseddollarvolumewas$12.9Billion(29%).

SINGLEFAMILY
Bythenumbers,therewere6,366homesavailableforsaleatyearend(28%),48,675newlistings
cameonthemarketfortheyear(4%),45,410homeswentundercontract(20%),37,164homes
closed(18%),averagedaysonmarketwas77days(27%),averagesoldpricewas$304,178(9%),
mediansoldpricewas$250,000(9%),andcloseddollarvolumewas$11.3Billion(28%).

CONDO
Bythenumbers,therewere1,340homesavailableforsaleatyearend(37%),11,768newlistings
cameonthemarketfortheyear(7%),11,002homeswentundercontract(17%),9,135homes
closed(15%),averagedaysonmarketwas77days(34%),averagesoldpricewas$179,616(13%),
mediansoldpricewas$142,000(14%),andcloseddollarvolumewas$1.6Billion(30%).

Areviewof2012versus2011providesthefollowingobservations:
Theinventoryofactivelistings,homesavailableforsale,startedadownwardtrendin2011,which
continuedthrough2012.
Homeaffordabilityremainshighduetoacombinationoflowmortgageinterestratesandmodestprice
increases.
Themonthssupplyofinventorystartedtheyearat3monthsandendedtheyearat2months.
Multipleofferswerereintroducedintothemarketin2012.
Rentalratescontinueanupwardtrendandrentalavailabilitycontinuestodecline.
Withdecliningforeclosures,newhomebuilderswillagainbeanalternateinthehousingmarket.

ThelargestnumberofSingleFamilyandCondopropertiessoldinpricerangeof$100,000to$499,999
for2012.
Milliondollarplushomesaccountedfor670SingleFamilyclosingsin12versus502in11.
Milliondollarplushomesaccountedfor59Condoclosingsin12versus38in11.
Milliondollarplushomeclosingsaccountedfor$1.1Billionofthe$12.9Billiontotal12volume.
Thegovernmentsponsoredhomepreservationmeasuresintroducedin2011continuedwithmixed
results.
Mortgageinterestratesremainrelativelylowatlevelsneverseenformanyyears.

Footnotes:
Inthepropertytype(Residential,SingleFamily,and/orCondo)narrative,the(or%)representsthe
percentchangewhencomparingyeartodate2012toyeartodate2011.
Thisrepresentationmayormaynotreflectallrealestateactivityinthemarket.
Source:Metrolist,Inc.

2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not
Guaranteed

METROPOLITAN DENVER REAL ESTATE STATISTICS

AS OF DECEMBER 31, 2012

Snapshot - YTD
YTD 2012

%
Change
12 vs '11

%
Change
12 vs '10

YTD 2011

YTD 2010

7,706
56,412
46,299
77
$279,601

10,993
47,373
39,387
108
$255,492

18,257
49,313
38,818
92
$257,000

-29.90%
19.08%
17.55%
-28.70%
9.44%

-57.79%
14.40%
19.27%
-16.30%
8.79%

6,366
45,410
37,164
77
$250,000
$304,178

8,854
37,988
31,437
105
$230,000
$279,858

13,941
39,200
30,777
90
$235,000
$282,080

-28.10%
19.54%
18.22%
-26.67%
8.70%
8.69%

-54.34%
15.84%
20.75%
-14.44%
6.38%
7.83%

1,340
11,002
9,135
77
$142,000
$179,616

2,139
9,385
7,950
116
$124,900
$159,141

4,316
10,113
8,041
98
$136,000
$161,005

-37.35%
17.23%
14.91%
-33.62%
13.69%
12.87%

-68.95%
8.79%
13.61%
-21.43%
4.41%
11.56%

Residential (Single Family plus Condo)

Active
Under Contract
Sold
Avg DOM
Avg Sold Price

Single Family

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price

Condo

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price

Footnotes:
Active, Under Contract, and Sold presented as # of units.
Avg DOM = Average Days on Market
This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.

2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

METROPOLITAN DENVER REAL ESTATE STATISTICS

AS OF DECEMBER 31, 2012

Snapshot - YTD
YTD 2012 YTD 2011 YTD 2010 YTD 2009 YTD 2008 YTD 2007

%
Change
12 vs '11

%
Change
12 vs '10

%
Change
12 vs '09

%
Change
12 vs '08

%
Change
12 vs '07

%
Change
12 vs '06

%
Change
12 vs '05

YTD 2006

YTD 2005

7,706
10,993
18,257
16,456
19,600
24,603
56,412
47,373
49,313
56,174
62,647
61,663
46,299
39,387
38,818
42,070
47,837
49,789
77
108
92
98
102
105
$279,601 $255,492 $257,000 $242,413 $249,897 $281,822

24,534
61,736
50,244
102
$288,916

23,092
65,256
53,106
90
$281,332

-29.90%
19.08%
17.55%
-28.70%
9.44%

-57.79%
14.40%
19.27%
-16.30%
8.79%

-53.17%
0.42%
10.05%
-21.43%
15.34%

-60.68%
-9.95%
-3.22%
-24.51%
11.89%

-68.68%
-8.52%
-7.01%
-26.67%
-0.79%

-68.68%
-8.52%
-7.01%
-26.67%
-0.79%

-68.59%
-8.62%
-7.85%
-24.51%
-3.22%

6,366
8,854
13,941
12,263
14,995
18,709
45,410
37,988
39,200
44,546
50,517
48,794
37,164
31,437
30,777
33,114
37,988
38,845
77
105
90
97
100
102
$250,000 $230,000 $235,000 $219,000 $219,900 $245,000
$304,178 $279,858 $282,080 $264,803 $270,261 $310,418

18,109
48,628
39,208
97
$249,900
$317,112

16,428
51,464
41,365
84
$247,000
$307,529

-28.10%
19.54%
18.22%
-26.67%
8.70%
8.69%

-54.34%
15.84%
20.75%
-14.44%
6.38%
7.83%

-48.09%
1.94%
12.23%
-20.62%
14.16%
14.87%

-57.55%
-10.11%
-2.17%
-23.00%
13.69%
12.55%

-65.97%
-6.94%
-4.33%
-24.51%
2.04%
-2.01%

-65.97%
-6.94%
-4.33%
-24.51%
2.04%
-2.01%

-64.85%
-6.62%
-5.21%
-20.62%
0.04%
-4.08%

1,340
2,139
4,316
4,193
4,605
5,894
11,002
9,385
10,113
11,628
12,130
12,869
9,135
7,950
8,041
8,956
9,849
10,944
77
116
98
101
108
114
$142,000 $124,900 $136,000 $135,000 $138,000 $150,000
$179,616 $159,141 $161,005 $159,628 $171,350 $180,321

6,425
13,108
11,036
122
$157,000
$188,745

6,664
13,792
11,741
111
$160,000
$189,035

-37.35%
17.23%
14.91%
-33.62%
13.69%
12.87%

-68.95%
8.79%
13.61%
-21.43%
4.41%
11.56%

-68.04%
-5.38%
2.00%
-23.76%
5.19%
12.52%

-70.90%
-9.30%
-7.25%
-28.70%
2.90%
4.82%

-77.27%
-14.51%
-16.53%
-32.46%
-5.33%
-0.39%

-77.27%
-14.51%
-16.53%
-32.46%
-5.33%
-0.39%

-79.14%
-16.07%
-17.23%
-36.89%
-9.55%
-4.84%

Residential (Single Family plus Condo)

Active
Under Contract
Sold
Avg DOM
Avg Sold Price

Single Family

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price

Condo

Active
Under Contract
Sold
Avg DOM
Median Sold Price
Avg Sold Price

Footnotes:
Active, Under Contract, and Sold presented as # of units.
Avg DOM = Average Days on Market
This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.

2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

4,193

4,316

DEC,'05

DEC,'06

DEC,'07
SINGLEFAMILY

DEC,'08

DEC,'09

CONDO

DEC,'10
RESIDENTIAL

This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

2,139
DEC,'11

7,706

10,993

16,456

4,605

13,941
1

5,894

6,366

6,664

8,854

5,000

12,263

18,709

6,425

10,000

14,99
95

18,109

15,000

16
6,428

20,000

18,257

24,603

19,600

25,000

23,092

30,000

24,534

GreaterMetropolitanDenver
InventoryofActiveHomeListings

1,340
DEC,'12

Greater Metropolitan Denver

GreaterMetropolitanDenver
UnderContractHomes YearToDate
70,000

65,256
61 736
61,736

61 663
61,663

62 647
62,647
56,412

56,174

60,000

49,313
50 000
50,000

51,464
46,628

40,000

48,794

47,373

50,517
45,410

44,546
39,200

37,988
37 988

CONDO

30,000

RESIDENTIAL

20,000
10,000

SINGLEFAMILY

13,792

13,108

12,869

12,130

11,628

Dec,'08

Dec,'09

10,113

9,385

Dec,'10

Dec,'11

11,002

Dec,'05

Dec,'06

Dec,'07

Dec,'12

This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
ClosedHomes YearToDate
60,000
53,106
50,244

49,789

50,000
41,365

47,837

46,299
42,070

39,208

40,000

38,845

37,988
33,114

38,818

39,387

30,777

31,437

37,164

30,000

20,000
11,741

11,036

10,944

9,849

8,956

8,041

7,950

9,135

DEC,'08

DEC,'09

DEC,'10

DEC,'11

DEC,'12

10,000

DEC,'05

DEC,'06

DEC,'07
SINGLEFAMILY

CONDO

RESIDENTIAL

This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
G
M
li
D
RealEstateStatistics
YearToDateClosedDollarVolume($000's)
$16,000,000

$14,940,422

$14,516,321

$14,031,634
$12,945,266

$14,000,000
$11,954,290
$12 000 000
$12,000,000

$12,720,951

$12,433,329

$10,198,333

$12,058,198

$9,976,222

$10,063,056
$11,304,476

$10,000,000
$10,266,663
$8,000,000

$8,768,701

$8,681,582

$8,797,887

$6,000,000
$4,000,000

$2,219,471

$2,082,992

$1,973,436

$1,687,626

$1,429,631
$1,429,631

$1 294 640
$1,294,640

$1 265 169
$1,265,169

$1,640,790

DEC,'07

DEC,'08

DEC,'09

DEC,'10

DEC,'11

DEC,'12

$
$2,000,000
$0
DEC,'05

DEC,'06

SINGLE FAMILY
SINGLEFAMILY

CONDO

RESIDENTIAL

This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

GreaterMetropolitanDenver
AverageSoldPrice YearToDate
$350,000
$307,529

$317,112

$310,418

$304,178

$300,000

$282,080
$270,261
$281,332

$288,916

$279,858

$264,803

$281,822

$279,601

$250,000
$249,897

$257,000

$255,492

$242,413

$200 000
$200,000
$189,035

$188,745

$180,321

$150,000

$179,616

$171,350
$159,628

$161,005

$159,141

DEC,'09

DEC,'10

DEC,'11

$100,000
DEC,'05

DEC,'06

DEC,'07
SINGLEFAMILY

DEC,'08
CONDO

RESIDENTIAL

This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

DEC,'12

GreaterMetropolitanDenver
MedianSoldPrice YearToDate
$260,000

$247,000

$249,900

$250,000

$245,000
$235,000

$240,000
$219,900

$219,000

$138,000

$135,000

$230,000

$220,000
$200,000
$180,000
$160,000
$160,000

$157,000
$
,
$150,000

$140,000

$142,000

$136,000
$124,900

$120,000
$100,000
DEC,'05

DEC,'06

DEC,'07

DEC,'08
SINGLEFAMILY

DEC,'09

DEC,'10

CONDO

This representation may or may not reflect all real estate activity in the market.
Source: Metrolist, Inc.
2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

DEC,'11

DEC,'12