Monthly Indicators % + 9.7% %

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1 Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were up 11.1 percent for single family homes and down 30.8 percent for townhouse-condo properties. Pending Sales landed at 15 for single family homes and 14 for townhouse-condo properties. The Median Sales Price was up 16.3 percent to $418,500 for single family homes and 26.7 percent to $220,000 for townhouse-condo properties. Days on Market decreased 12.9 percent for single family homes and decreased 26.9 percent for condo properties. The overwhelming feeling about prospects in residential real estate for the immediate future is optimism. Real estate professionals across the nation are expressing that they are as busy as ever. There are certainly challenges in this market, like continued low inventory and higher competition for those fewer properties, but opportunities abound for creative and diligent agents prepared to put in the necessary amount of work. Activity Snapshot % + 9.7% % One- Change in Sold Listings All Properties One- Change in Median Sales Price All Propterties One- Change in Active Listings All Properties Residential real estate activity in Grand County Board of REALTORS Inc, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures. Market Overview Market Overview 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 Total Market Overview Closed Sales and Inventory by Price Range Glossary of Terms Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime.

2 Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars YTD 2015 YTD 2016 New Listings % % Pending Sales % % Sold Listings % % Median Sales Price $360,000 $418, % $353,000 $350, % Avg. Sales Price $428,851 $477, % $430,035 $420, % Pct. of List Price Received 95.3% 96.7% + 1.5% 96.0% 96.2% + 0.2% Days on Market % % Affordability Index % % Active Listings % Months Supply % Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 2

3 Townhouse- Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars YTD 2015 YTD 2016 New Listings % % Pending Sales % % Sold Listings % % Median Sales Price $173,700 $220, % $185,000 $217, % Avg. Sales Price $192,085 $228, % $203,137 $230, % Pct. of List Price Received 94.0% 98.8% + 5.1% 95.6% 97.3% + 1.8% Days on Market % % Affordability Index % % Active Listings % Months Supply % Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 3

4 New Listings to Date Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % % % % % % % -7.3% -2.2% -8.1% % -4.6% New Listings Jan % % Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % Oct % % Nov % % Dec % % Historical Glossary of Terms by Month Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 4

5 Pending Sales to Date Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % % % % % % % % + 8.9% % % + 2.1% Pending Sales Jan % % Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % Oct % % Nov % % Dec % % Historical Pending Sales by Month Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 5

6 Sold Listings to Date Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % % -8.6% % % % % % + 0.5% % % + 9.9% Sold Listings Jan % % Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % Oct % % Nov % % Dec % % Historical Sold Listings by Month Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 6

7 Median Sales Price to Date $418,500 $353,000 $350,000 $360,000 $307,500 $335,000 $217,750 $220,000 $172,000 $185,000 $173,700 $150,000 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % + 7.5% % % % % + 2.5% % -0.8% + 7.5% + 7.6% % Historical Median Sales Price by Month $500,000 Median Sales Price Jan-2016 $482, % $219, % Feb-2016 $276, % $181, % Mar-2016 $422, % $204, % Apr-2016 $332, % $181, % May-2016 $318, % $205, % Jun-2016 $304, % $228, % Jul-2016 $316, % $200, % Aug-2016 $452, % $203, % Sep-2016 $370, % $235, % Oct-2016 $439, % $229, % Nov-2016 $365, % $240, % Dec-2016 $418, % $220, % * Median Sales Price for all properties from January 2016 through This is not the average of the individual figures above. $400,000 $300,000 $200,000 $100,000 $0 Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 7

8 Average Sales Price to Date $430,035 $420,129 $477,090 $390,552 $441,428 $428,851 $230,164 $228,322 $189,309 $203,137 $199,122 $192,085 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % -2.8% % -5.9% -3.5% % + 1.3% % -2.3% + 5.0% + 7.3% % Historical Average Sales Price by Month $600,000 Avg. Sales Price Jan-2016 $433, % $235, % Feb-2016 $299, % $197, % Mar-2016 $480, % $216, % Apr-2016 $401, % $207, % May-2016 $341, % $227, % Jun-2016 $355, % $237, % Jul-2016 $355, % $216, % Aug-2016 $494, % $226, % Sep-2016 $401, % $264, % Oct-2016 $471, % $223, % Nov-2016 $467, % $261, % Dec-2016 $477, % $228, % * Avg. Sales Price for all properties from January 2016 through This is not the average of the individual figures above. $500,000 $400,000 $300,000 $200,000 $100,000 $0 Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 8

9 Percent of List Price Received 94.8% 95.3% 96.7% 98.8% 95.4% 94.0% to Date + 2.4% + 0.6% + 1.5% + 1.1% -1.5% + 5.1% + 0.8% + 0.9% + 0.2% + 0.6% + 0.7% + 1.8% Historical Percent of List Price Received by Month 100.0% 95.1% 96.0% 96.2% 94.9% 95.6% 97.3% Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Pct. of List Price Received Jan % +3.6% 96.2% +0.7% Feb % +2.3% 97.2% +1.8% Mar % -0.4% 96.9% +1.7% Apr % +0.2% 97.7% +3.6% May % -3.7% 97.8% +2.8% Jun % +0.4% 96.8% +0.6% Jul % +1.9% 96.3% +1.6% Aug % +0.7% 97.4% +1.2% Sep % -0.8% 96.5% -0.1% Oct % +2.3% 97.7% +0.8% Nov % -1.5% 97.1% +2.5% Dec % +1.5% 98.8% +5.1% * Pct. of List Price Received for all properties from January 2016 through This is not the average of the individual figures above. 98.0% 96.0% 94.0% 92.0% 90.0% 88.0% Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 9

10 Days on Market Until Sale to Date Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % -1.0% % -0.4% % % -2.4% -3.0% -7.1% -1.7% % % Days on Market Until Sale Jan % % Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % Oct % % Nov % % Dec % % Historical Days on Market Until Sale by Month Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 10

11 Housing Affordability Index to Date Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec-16 Dec-14 Dec-15 Dec % -8.1% % % % % + 1.2% % -6.4% -3.8% -7.9% % Housing Affordability Index Jan % % Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % Oct % % Nov % % Dec % % Historical Housing Affordability Index by Month 1,400 1,200 1, Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 11

12 Inventory of Active Listings Inventory of Active Listings Jan % % 340 Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % 47 Oct % % Nov % % Dec % % Dec-14 Dec-15 Dec-16 Dec % % % % Historical Inventory of Active Listings by Month Dec % Dec % * Active Listings for all properties from January 2016 through This is not the average of the individual figures above Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 12

13 Months Supply of Inventory Months Supply of Inventory 11.5 Jan % % Feb % % Mar % % Apr % % May % % Jun % % Jul % % Aug % % Sep % % 1.4 Oct % % Nov % % Dec % % Dec-14 Dec-15 Dec-16 Dec % % % % Dec % Dec % Historical Months Supply of Inventory by Month Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 13

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 YTD 2015 YTD 2016 New Listings % 1, % Pending Sales % % Sold Listings % % Median Sales Price $250,625 $275, % $240,000 $261, % Avg. Sales Price $334,961 $347, % $321,818 $325, % Pct. of List Price Received 94.8% 97.8% + 3.2% 95.8% 96.7% + 0.9% Days on Market % % Affordability Index % % Active Listings % Months Supply % Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 14

15 Glossary of Terms Actual sales that have closed in a given month. By Price Range All Properties Rolling 12 Months By Property Type % % % + 8.3% % % % + 0.5% + 9.9% + 5.3% < $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+ Singe Townhouse- All Properties Rolling 12 Months Compared to Prior Month to Date By Price Range Change Change Change Change Change Change $299,999 and Below % % % % % % $300,000 to $599, % % % % % % $600,000 to $999, % % % % % % $1,000,000 to $1,499, % % % % % $1,500,00 to $1,999, % % % 0 0 $2,000,000 to $2,499, $2,500,000 to $4,999, % % 0 0 $5,000,000 to $9,999, % % 0 0 $10,000,000 and Above All Price Ranges % % % % % % Inventory of Active Listings A measure of the number of homes available for sale at a given time. By Price Range All Properties By Property Type % % - 7.8% % - 7.7% % % 0.0% 0.0% % % % < $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+ Singe Townhouse- All Properties over Compared to Prior Month to Date By Price Range Change Change Change Change $299,999 and Below % % % % $300,000 to $599, % % % % $600,000 to $999, % % % % $1,000,000 to $1,499, % % % $1,500,00 to $1,999, % % 0 0 $2,000,000 to $2,499, % % 0 0 $2,500,000 to $4,999, % % 0 0 $5,000,000 to $9,999, % % 0 0 $10,000,000 and Above % % 0 0 All Price Ranges % % % % 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 January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 15

16 Glossary of Terms A research tool provided by the Colorado Association of REALTORS New Listings A measure of how much new supply is coming onto the market from sellers. Pending Sales 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. Sold Listings A measure of home sales that were closed to completion during the report period. Median Sales Price A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point. Average Sales Price A sum of all home sales prices divided by total number of sales. Percent of List Price Received A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period. Days on Market Until Sale A measure of how long it takes homes to sell, on average. Housing Affordability Index 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. Inventory of Active Listings 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. Months Supply of Inventory 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. Current as of January 4, All data from the Grand County Board of REALTORS Inc MLS. Report 2017 ShowingTime. 16