GREATER METROPOLITAN DENVER HOME MARKET
STATISTICAL NARRATIVE
DECEMBER, 2011

Active Listings inventory continues to decline, 12% month over month and 34% year over year.
Under contract activity and closed transactions activity remains seasonal with a continual decline month over month.

On a Monthly basis, comparison of month over month and year over year:

Single Family takeaways:
The inventory of unsold homes is at 12,531 units, down 12% with November ‘11 level and down 34% from December ‘10.
2,832 units were placed under contract in December, down 16% with November ‘11 and up 5% from December ‘10.
3,156 units sold in December ‘11, up 3% from November ‘11 and up 4% from December ‘10.
Single Family average prices, $253,986 for December ‘11, increased 1% for month over month and even year over year.

Residential and Condo takeaways:
Residential average price, $275,610 for December ‘11, remained relatively even month over month and year over year.
Condo average price, $166,420 for December ‘11, increased 8% month over month and even year over year.
Condo median price, $120,700 in December ’11, decreased 3% month over month and decreased 14% year over year.
Residential median price remained stable at $230,000 in December ‘11 when compared to November ‘11 and increased 2% when compared to December ‘10.

On a Year to Date basis, comparison of YTD 12/2011 to YTD 12/2010:

Residential:
Sales units 31,437 vs 30,777 (-2%)
Median Price $230,000 vs $235,000 (-2%)
Average Price $279,858 vs $282,080 (-1%)
Sales Volume $10.1B vs $10.0B (+1%)
Days on Market 105 vs 90 (+17%)

Condo:
Sales units 7,950 vs 8,041 (-1%)
Median Price $124,900 vs $136,000 (-8%)
Average Price $159,141 vs $161,005 (-1%)

Sales Volume $1.2B vs $1.3B (-2%)
Days on Market 116 vs 98 (+18%)

The above representation may or may not reflect all real estate activity in the market.
By definition, Single Family equals Residential plus Condo.

Source: Metrolist, Inc.©2012 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not
Guaranteed

While the afternoon was balmy, the forecast called for a snowstorm that evening, to continue on into Sunday. Hard to believe, but that’s the mercurial nature of nature in Colorado. That wouldn’t ordinarily be a concern, but today I had a problem. My sliding glass door was jammed and wouldn’t close completely. Not conducive to comfort or conservation of energy with a major storm rapidly approaching.

What’s a woman to do , especially on a Saturday. I fiddled with the door and tried to locate the source of the problem for quite a while. It was futile, the door wouldn’t budge. It appeared the door would have to be removed for further diagnosis and I certainly couldn’t manage that task solo. So, I called Charlotte.

A Southern belle who exudes charm and confidence, Charlotte arrived a short time later with her tool belt fashionably slung around her tiny waist. We had a good laugh at the contradiction and went to work. Literally minutes later, Charlotte assessed the situation. A pin had come out of its slot and was jamming the path of the door. Charlotte whipped out her crow bar and jimmied the door a bit so I could push the wayward pin back in its proper place. Of course we sat and talked awhile, decided we’d worked up an appetite, and went out for dinner. Mission accomplished, plus we enjoyed an impromptu glass of wine and dinner!

So suggest to your single women clients and friends that they establish this valuable network for themselves. It doesn’t take much time and provides peace of mind and security that there will be help when you need it.

I know I’m heading to the store for a tool belt, just as soon as I finish shoveling the eight inches of snow off the deck!

Key Points to a Credit Report

Personal Data

Trade Lines

Payment History

Recent Inquiries

Public Records

What Goes Into a Credit Score

Number of bankcards or trade lines

Number of finance/mortgage/ loan trade lines

Number of months in file

Number of months since most recent bankcard opening

Number of months since the most recent derogatory credit

Number of months since the most recent derogatory public record

Four Areas of Credit Scoring

Payment history (35%)

30 days late in last 12 months can lower score 70-100 points

Public record and collection items

Severity. recentness and frequency of delinquencies

Categories that Lower Credit Score

Delinquency- Trade Line and Public Record

Overextended Credit or Usage

Lack of credit Accounts and Age of Credit

Steps for Improving Credit Scores

Time

Payoff/Pay down existing debt

Don’t seek new credit

Pay Your Bills on Time

If you make a late payment one month, the plan starts all over again.

METROPOLITAN DENVER REAL ESTATE STATISTICS
AS OF NOVEMBER 30, 2011

Nov,’11         Oct,’11          2010        Oct, ’11         2010

Single Family (Residential + Condo)
Active                           14,275      15,794                20,392        -9.62%       -30.00%
Under Contract           3,365         3,844                   3,101       -12.46%           8.51%
Sold                                  3,068       3,183                    2,666         -3.61%        15.08%
Avg DOM                           100           102                         111          -1.96%         -9.91%
Avg Sold Price    $252,009      $245,546    $258,597            2.63%        -2.55%
Absorption Rate          4.36           4.88                      6.31         -10.66%      -30.90%

Residential
Active                       11,513           12,818              15,659           -10.18%     -26.48%
Under Contract      2,736             3,068                 2,482           -10.82%      10.23%
Sold                             2,468              2482                 2,142              -0.56%      15.22%
Avg DOM                         99                  102                     108              -2.94%     -8.33%
Median Sold Price $230,300      $226,021        $233,990     1.89%     -1.58%
Avg Sold Pric          $275,951      $269,503         $281,466      2.39%     -1.96%
Absorption Rate           4.41               4.96                 6.12           -11.09%    -27.94%

Condo
Active                        2,762               2,976               4,733              -7.19%     -41.64%
Under Contract         629                   776                    619            -18.94%        1.62%
Sold                               600                   701                    524             -14.41%    14.50%
Avg DOM                     105                   102                     125                2.94%  -16.00%
Median Sold Price$125,000      $125,000     $125,000        0.00%     0.00%
Avg Sold Price    $153,526          $160,723      $165,113        -4.48%     -7.02%
Absorption Rate      4.18                    4.55                  7.04            -8.13%    -40.63%

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.
© 2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

Report Provided by Gary Bauer

September marks the end of Denver’s prime home selling/buying market with a lower number of
transactions for the month when compared to the prior month. Of note is the fact that the month
end inventory of active listings is at 17,139 units. This is a new low.
On a Monthly basis, comparison of month over month and year over year:
Single Family takeaways:
The inventory of unsold homes is at 17,139 units, down 6% with August ‘11 level and down
27% from September ‘10.
3,847 units were placed under contract in September, down 15% with August ‘11 and up 6%
from September ‘10.
3,337 units sold in September ‘11, down 16% from August ‘11 and up 13% from September ‘10.
Single Family average prices, $254,078 for September ‘11, decreased 3% for both month over
month and year over year.

Residential and Condo takeaways:
Residential average price, $280,289 for September ‘11, decreased 1% month over month and
decreased 3% year over year.
Condo average price, $159,980 for September ‘11, decreased 5% month over month and
increased 3% year over year.
Condo median price remained relatively flat at $128,950 in September ‘11 when compared to
August ‘11 and September ‘10.
Residential median prices decreased 2% to $229,804 in September ‘11 when compared to
August ‘11 and remained relatively even when compared to September ‘10.

On a Year to Date basis, comparison of YTD 09/2011 to YTD 09/2010:
Residential: Condo:
Sales units 23,956 vs 23,933 (?) Sales units 6,024 vs 6,353 (?5%)
Median Price $229,970 vs $230,000 (?) Median Price $124,900 vs $134,000 (?7%)
Average Price $281,782 vs $282,416 (?) Average Price $158,761 vs $160,280 (?1%)
Sales Volume $6.8B vs $6.8B (?) Sales Volume $1.0B vs $0.9B (?6%)
Days on Market 106 vs 86 (?23%) Days on Market 120 vs 91 (?32%)

The above representation may or may not reflect all real estate activity in the market.
By definition, Single Family equals Residential plus Condo.
Source: Metrolist, Inc.

©2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not
Guaranteed

1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).
3. You are not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.
4. If you can exclude all of the gain, you do not need to report the sale on your tax return.
5. If you have a gain that cannot be excluded, it is taxable. You must report it on Form 1040, Schedule D, Capital Gains and Losses.
6. You cannot deduct a loss from the sale of your main home.
7. Worksheets are included in Publication 523, Selling Your Home, to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the gain that you can exclude.
8. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time.
9. If you received the first-time homebuyer credit and within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year’s tax return.
10. When you move, be sure to update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS. Use Form 8822, Change of Address, to notify the IRS of your address change.

For more information about selling your home, see IRS Publication 523, Selling Your Home. This publication is available at www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

Links:

• Publication 523, Selling Your Home ( PDF)
• Form 5405, First-Time Homebuyer Credit and Repayment of the Credit ( PDF)
• Form 8822, Change of Address ( PDF)

In June, it was the first month in 2011 where the closings exceeded $1.0 Billion. Now in July, 3,835 units closed at an average price of $270,066 which resulted in $1.04 Billion of sales volume.

On a Monthly basis, comparison of month over month and year over year:

Single Family takeaways:

The inventory of unsold homes is at 19,103 units, down 2% with June’ 11 level and down 20% from July’ 10.
4,250 units were placed under contract in July, down 11% with June’ 11 and up 12% from July , 10.
3,835 units sold in July’ 11, down 6% from June’ 11 and up 18% from July’ 10.
Single Family average prices, $270,066 for July’ 11, increased 1% month over month and was even year over year.
Residential and Condo takeaways:
Residential average price, $298,654 for July’ 11, increased 2% month over month and was even year over year.
Condo average price, $153,058 for July’ 11, decreased 3% month over month and 1% year over year.
Condo median prices decreased 2% to $123,150 in July’ 11 when compared to June’ 11 and decrease  5% from $129,000 in July’ 10.
Residential median prices decreased 1% to $237,000 in July’ 11 when compared to both June’ 11 and July ’10.
On a Year to Date basis, comparison of YTD  7/2011 to YTD  7/2010:
Residential:

Sales units 18,169 vs 19,138 (-5%)

Median Price $228,500 vs $230,000 (-1%)

Average Price $281,597 vs. $279,800 (+1%)

Sales Volume $5.1B vs.$5.4B (-5%)

Days on Market 109 vs. 83 (+31%)

Condo:

Sales Units 4,501 vs. 5,111 (-12%)

Median Price $122,165 vs. $135,000 (-10%)

Average Price $156,921 vs. $161,055 (-3%)

Sales Volume $0.7B vs.$0.8B (-14%)

Days on Market 121 vs. 88 (+38%)

Above representation mayor may not reflect all real estate activity in the market. By definition, Single Family equals Residential plus Condo.
©2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed

In June, 4080 units closed at an average price of $266,493 which resulted in $1.08 Billion of
sales volume. This is the first month in 2011 where the closings exceeded $1.0 Billion.
On a Monthly basis, comparison of month over month and year over year:

Single Family takeaways:

The inventory of unsold homes is 19,580 units, even with May “11 level and down 16% from June ’10.

4,761 units were placed under contract in June, even with May ‘11 and up 23% from June ‘10.

4,080 units sold in June ‘11, up 9% from May ‘11 and up 1% from June ‘10.
Single Family average prices, $266,493 for June ‘11, increased 4% month over month and
decreased 3% year over year.

Residential and Condo takeaways:
Residential average price, $292,230 for June ‘11, increased 5% month over month and decreased
2% year over year.
Condo average price, $158,463 for June ‘11, decreased 1% month over month and 8% year over
year.
Condo median prices increased 2% to $125,525 in June ‘11 when compared to May ‘11 and
decreased 12% from $143,350 in June ‘10.
Residential median prices increased 4% to $240,000 in June ‘11 when compared to May ‘11 and
decreased 2% from $244,000 in June ‘10.
On a Year to Date basis, comparison of YTD 06/2011 to YTD 06/2010:
Residential
Sales units 15,087 vs 16,506 (?9%)
Median Price $226,500 vs $229,000 (?1%)

Average Price $278,113 vs $277,023 (?)
Sales Volume $4.2B vs. $4.6 B (-8%)

Days on Market 99 vs. 81 ( +22%)

The above representation may or may not reflect all real estate activity in the market.
By definition, Single Family equals Residential plus Condo.
©2011 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not
Guaranteed

Thanks to Gary Bauer for this information