Stats PC Q2 2014

8lck !.
kleln
433 647 9033
Rick J. Klein
Private Mortgage Banker
Wells Fargo Mortgage
MBA and Member of PCMLS Stats Committee
NMLSR 413601
July 17, 2014
435 647 9055
!"#$ &'() *+", -.("(+ /("0.01.
National and Local Real Estate
2nd Quarter and Annual Review 2014:
New questions
Thursday, July 17, 2014
8lck !. kleln
433 647 9033
Todays topics:
Demand: a close look at slowing number of sales
Supply, Absorption and neighborhoods
Cash Sales
Distressed and Foreclosure Sales
Pricing Trends and Market Segmentation
Summary
Question: Sales have slowed the past six months? Why?
Any reason for concern?
!"#$ &'() *+", -.("(+ /("0.01.
8lck !. kleln
433 647 9033
23 4536 !7.(+# &8',9
8lck !. kleln
433 647 9033
23 4536 !7.(+# &8',9
8lck !. kleln
433 647 9033
23 4536 !7.(+# &8',9
8lck !. kleln
433 647 9033
23 4536 !7.(+# &8',9
8lck !. kleln
433 647 9033
23 4536 !7.(+# &8',9
Represents 47% of condo sales in areas 1 - 9
Represents 13% of all condo and SF sales GPC
8lck !. kleln
433 647 9033
24 4536 !7.(+# &8',9 !"#$%&%'#()
8lck !. kleln
433 647 9033
24 4536 !7.(+# &8',9 !"#$%&%'#()
8lck !. kleln
433 647 9033
24 4536 !7.(+# &8',9 !"#$%&%'#()
8lck !. kleln
433 647 9033
24 4536 !7.(+# &8',9 !"#$%&%'#()
8lck !. kleln
433 647 9033
24 4536 !7.(+# &8',9 !"#$%&%'#()
Represents 48% of condo sales in areas 1 - 9
The second largest area were condos in Jordanelle
8lck !. kleln
433 647 9033
NAR announced (6/30/14) the pended home sales index rose
6.1% in May but still remains 5.2% below May 2013. Due to
sluggish sales the first quarter, sales for second half of the
year wont be enough to compensate for the sluggish first
quarter and will likely fall behind last years totals.
:+;"<9= !+<9'<> /",+.
8lck !. kleln
433 647 9033
The flourishing stock market the last few years has
propelled sales in the higher price brackets, while sales for
lower priced home are down 10% from last years pace,
said Dr. Yun. His three reasons for constrained sales are:
inventory, affordability, and restrictive credit.
:+;"<9= !+<9'<> /",+.
8lck !. kleln
433 647 9033
The flourishing stock market the last few years has
propelled sales in the higher price brackets, while sales for
lower priced home are down 10% from last years pace,
said Dr. Yun. His three reasons for constrained sales are:
inventory, affordability, and restrictive credit.
GPC PSHI for June jumped 3.5% from a slow April and May
to 106.3. Actual pended sales for Q2 2014 were down 12%
from Q2 2013 and Q1 2014 was down 1.5% form Q1 2013.
:+;"<9= !+<9'<> /",+.
8lck !. kleln
433 647 9033
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!"#$%&$'() +,#,($% -. $/0
("++ 1.($2(" -3$/
-3" /$2./$( #$%&"-
70.0
80.0
90.0
100.0
110.0
120.0
130.0
140.0
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7

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J
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1
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4

NAR & GPC Pending Home Sales Index
Thru 6/2014
Source: NAR, PCMLS/Compiled by Rick Klein
National PSHI Park City PSHI
8lck !. kleln
433 647 9033
:+;"<9= !+<9'<> /",+.
0
20
40
60
80
100
120
140
160
180
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0
7

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0
7

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9

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9

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9

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1
4

#

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Pended Sales: Greater Park City
As of 6/2014
Source: PCMLS/Compiled by Rick Klein

Land SFR Condos
8lck !. kleln
433 647 9033
:+;"<9= !+<9'<> /",+.
45/" 6$+ -3" 3,73"+- 45/" 8"/0"0 +$("+ #./-3
+,/9" 45/" .: ;<<=>
0
20
40
60
80
100
120
140
160
180
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-
0
7

A
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-
0
7

J
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-
0
7

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-
0
7

J
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0
8

A
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-
0
8

J
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-
0
8

O
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0
8

J
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0
9

A
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0
9

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9

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9

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1
4

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As of 6/2014

Land SFR Condos
8lck !. kleln
433 647 9033
:+;"<9= !+<9'<> /",+.
0
50
100
150
200
250
300
350
400
450
500
Q
2

2
0
0
6

Q
2

2
0
0
7

Q
2

2
0
0
8

Q
2

2
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0
9

Q
2

2
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1
0

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2
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1
1

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1
2

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2
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1
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4

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2nd Quarter Comparison
(as of 6/2014)
VL SF CO
17%
37%
46%
8lck !. kleln
433 647 9033
?"/0"0 +$("+ :.% @; ;<AB $%"
0.6/ A;CDE :%.# @; ;<AD
:+;"<9= !+<9'<> /",+.
0
50
100
150
200
250
300
350
400
450
500
Q
2

2
0
0
6

Q
2

2
0
0
7

Q
2

2
0
0
8

Q
2

2
0
0
9

Q
2

2
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1
0

Q
2

2
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1
1

Q
2

2
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1
2

Q
2

2
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1
3

Q
2

2
0
1
4

#

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(as of 6/2014)
VL SF CO
17%
37%
46%
8lck !. kleln
433 647 9033
:+;"<9= !+<9'<> /",+.
18%
32%
50%
0
200
400
600
800
1000
1200
2
0
0
6

2
0
0
7

2
0
0
8

2
0
0
9

2
0
1
0

2
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1
1

2
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1
2

2
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1
3

2
0
1
4

#

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1st 6 month Comparison
(as of 6/2014)
Source: PCMLS/Rick J. Klein
VL SF CO
8lck !. kleln
433 647 9033
Pended sales for first six months 2014 are
down 8.5% from 2013
Up 9.5% from 2012
Condo up 6%; SF down 25%; VL down 7%
:+;"<9= !+<9'<> /",+.
18%
32%
50%
0
200
400
600
800
1000
1200
2
0
0
6

2
0
0
7

2
0
0
8

2
0
0
9

2
0
1
0

2
0
1
1

2
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1
2

2
0
1
3

2
0
1
4

#

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(as of 6/2014)
VL SF CO
8lck !. kleln
433 647 9033
NAR stated (6/23/14) existing sales rose 4.9% in May to a SAAR
of 4.89M; this is 5.0% below the level in May 2013.
:+;"<9= -?'.0<> /",+.
8lck !. kleln
433 647 9033
Dr Yun said that current sales activity is rebounding after a
lackluster first quarter. Home buyers are benefiting from
slower price growth due to the much-needed, rising
inventory levels seen since the beginning of the year.
:+;"<9= -?'.0<> /",+.
8lck !. kleln
433 647 9033
Dr Yun said that current sales activity is rebounding after a
lackluster first quarter. Home buyers are benefiting from
slower price growth due to the much-needed, rising
inventory levels seen since the beginning of the year.
GPC had a less positive result: the three month rolling
average increased 2% in June over May and a 9%
decrease in sales from June 2013.
:+;"<9= -?'.0<> /",+.
8lck !. kleln
433 647 9033
:+;"<9= -?'.0<> /",+.
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
4,000,000
4,500,000
5,000,000
5,500,000
6,000,000
6,500,000
7,000,000
7,500,000
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4

NAR and PC # of Transactions
As of 6/2014
Source NAR, PCMLS/Compiled by Rick Klein
NAR SAAR Left Axis PC 3 Mo Rolling Avg Right Axis
8lck !. kleln
433 647 9033
:+;"<9= -?'.0<> /",+.
0
20
40
60
80
100
120
140
160
180
200
J
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-
0
7

M
a
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-
0
7

M
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-
0
7

J
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-
0
7

S
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-
0
7

N
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v
-
0
7

J
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-
0
8

M
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-
0
8

M
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-
0
8

J
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-
0
8

S
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-
0
8

N
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0
8

J
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0
9

M
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0
9

M
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9

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9

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9

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1
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1
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1
1

M
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-
1
1

M
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1
1

J
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-
1
1

S
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-
1
1

N
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-
1
1

J
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-
1
2

M
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-
1
2

M
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-
1
2

J
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1
2

S
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-
1
2

N
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-
1
2

J
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1
3

M
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-
1
3

M
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-
1
3

J
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-
1
3

S
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-
1
3

N
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-
1
3

J
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1
4

M
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1
4

M
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1
4

#

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Closed Sales: Greater Park City
Number of Transactions
(as of 6/2014)
CO SF VL
8lck !. kleln
433 647 9033
:+;"<9= -?'.0<> /",+.
;
/0
@-% 0,0/F- +"" $+ ($%7" .: '.5/9" $G"% @A
0
20
40
60
80
100
120
140
160
180
200
J
a
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-
0
7

M
a
r
-
0
7

M
a
y
-
0
7

J
u
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-
0
7

S
e
p
-
0
7

N
o
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-
0
7

J
a
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-
0
8

M
a
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-
0
8

M
a
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-
0
8

J
u
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-
0
8

S
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p
-
0
8

N
o
v
-
0
8

J
a
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-
0
9

M
a
r
-
0
9

M
a
y
-
0
9

J
u
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-
0
9

S
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p
-
0
9

N
o
v
-
0
9

J
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-
1
0

M
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-
1
0

M
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-
1
0

J
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1
0

S
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-
1
0

N
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-
1
0

J
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-
1
1

M
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-
1
1

M
a
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-
1
1

J
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-
1
1

S
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-
1
1

N
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-
1
1

J
a
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-
1
2

M
a
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-
1
2

M
a
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-
1
2

J
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-
1
2

S
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-
1
2

N
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-
1
2

J
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-
1
3

M
a
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-
1
3

M
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-
1
3

J
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-
1
3

S
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-
1
3

N
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-
1
3

J
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1
4

M
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-
1
4

M
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1
4

#

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Number of Transactions
(as of 6/2014)
CO SF VL
8lck !. kleln
433 647 9033
:+;"<9= -?'.0<> /",+.
40%
38%
22%
0
100
200
300
400
500
600
Q
2

0
6

Q
2

0
7

Q
2

0
8

Q
2

0
9

Q
2

1
0

Q
2

1
1

Q
2

1
2

Q
2

1
3

Q
2

1
4

#

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(as of 6/2014)
Condo Sf VL
8lck !. kleln
433 647 9033
Closed sales for Q2 2014 are
8.8% below Q2 2013 and
4.3% above Q2 2012
:+;"<9= -?'.0<> /",+.
40%
38%
22%
0
100
200
300
400
500
600
Q
2

0
6

Q
2

0
7

Q
2

0
8

Q
2

0
9

Q
2

1
0

Q
2

1
1

Q
2

1
2

Q
2

1
3

Q
2

1
4

#

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(as of 6/2014)
Condo Sf VL
8lck !. kleln
433 647 9033
0
100
200
300
400
500
600
700
800
900
Q
2

0
7

Q
2

0
8

Q
2

0
9

Q
2

1
0

Q
2

1
1

Q
2

1
2

Q
2

1
3

Q
2

1
4

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(as of 6/2014)
Condo Sf VL
:+;"<9= -?'.0<> /",+.
48%
33%
19%
8lck !. kleln
433 647 9033
0
100
200
300
400
500
600
700
800
900
Q
2

0
7

Q
2

0
8

Q
2

0
9

Q
2

1
0

Q
2

1
1

Q
2

1
2

Q
2

1
3

Q
2

1
4

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(as of 6/2014)
Condo Sf VL
:+;"<9= -?'.0<> /",+.
48%
33%
19%
Closed sales for first six months 2014 are
down 2.8% from 2013
Up 11% from 2012
Condo up 9%; SF down 16%; VL down 2%
8lck !. kleln
433 647 9033
:+;"<9= -?'.0<> /",+.
37%
12%
51%
0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
700,000,000
800,000,000
900,000,000
1,000,000,000
Q
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V
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S
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l
d

Greater Park City Quarterly Volume
1st Six Month Comparison
(as of 6/2014)
Condo SF VL
8lck !. kleln
433 647 9033
Volume for first six months of 2014 is
10.0% above 2013
23.7% above 2012
:+;"<9= -?'.0<> /",+.
37%
12%
51%
0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
700,000,000
800,000,000
900,000,000
1,000,000,000
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S
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Greater Park City Quarterly Volume
1st Six Month Comparison
(as of 6/2014)
Condo SF VL
8lck !. kleln
433 647 9033
:+;"<9= -?'.0<> /",+.
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./012341 23 5671869:;6< =5.
>?1 0@ &+#!(%A
!"#$%&' )*+,!-*"./01&2 34 50%6 71&08
B ./016C & D0 ?;4 >/6E ?F21A G0/HD6 & D0 ?;4 >724IJ ?F21A
8lck !. kleln
433 647 9033
NAR: Total housing inventory at the end of May climbed
2.2% to 2.28M existing home, which represents a 5.6
month supply at the current sales pace, compared with 5.7
months in April. Unsold inventory is 6.0% above a year
ago, when there 2.15M existing homes for sale.
/@AA,)= B<C+<(7#)
8lck !. kleln
433 647 9033
NAR: Total housing inventory at the end of May climbed
2.2% to 2.28M existing home, which represents a 5.6
month supply at the current sales pace, compared with 5.7
months in April. Unsold inventory is 6.0% above a year
ago, when there 2.15M existing homes for sale.
GPC total listings July 1st was 1,1270; this is up 10% from
June with 68 more listings for single family. This is the
same number of listing as July 2013. The absorption rate
increased to 8.6 months from 7.0 months in July 2013 due
to fewer sales.
/@AA,)= B<C+<(7#)
8lck !. kleln
433 647 9033
AH;I< J,+2/7+ IKAKAB
L/ ,/9%"$+" .: AAM :%.# NKAKAB
/@AA,)= B<C+<(7#)
37%
35%
28%
0
500
1000
1500
2000
2500
J
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#

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s

Active Listings - Greater Park City
!"#$%#&'() +, '- .(,& '- &/% 0'#&/1
!"#$ &'()
VL SF CO
8lck !. kleln
433 647 9033
/@AA,)= 24 &8"<>+ '< B<C+<(7#) !+# D#+"
*
* *
8lck !. kleln
433 647 9033
/@AA,)= 24 36 DE.7#A07< *"(+ !+# D#+"
* # of Sales based upon past 12 months
8lck !. kleln
433 647 9033
nA8: cash sales were 32 of Lransacuons ln May, compared
wlLh 33 ln May 2013. lnvesLors, who accounL for mosL cash
sales, purchased 18 of homes ln May. 68 of lnvesLors pald
cash.
&".8 /",+.
8lck !. kleln
433 647 9033
nA8: cash sales were 32 of Lransacuons ln May, compared
wlLh 33 ln May 2013. lnvesLors, who accounL for mosL cash
sales, purchased 18 of homes ln May. 68 of lnvesLors pald
cash.
CC: cash sales decllned Lo 46 ln C2 2014, down a whole 2
from 2013.
&".8 /",+.
8lck !. kleln
433 647 9033
&".8 /",+.
26%
35%
45%
50%
48%
50%
48%
47%
46%
0%
10%
20%
30%
40%
50%
60%
2007 2008 2009 2010 2011 2012 2013 Q1 2014 Q22014
%

o
f

C
a
s
h

S
a
l
e
s

Cash Financing History for GPC
Cash Sales
8lck !. kleln
433 647 9033
&".8 /",+.
29%
41%
59%
55%
57%
21%
32%
56%
49%
43%
0%
10%
20%
30%
40%
50%
60%
70%
2006 2008 2010 2012 YTD 14
%

o
f

C
a
s
h

S
a
l
e
s

Cash Financing History for GPC
by Sold Price
<$1M %>!M
8lck !. kleln
433 647 9033
&".8 /",+.
29%
42%
59%
57%
55%
20%
31%
44%
46%
42%
0%
10%
20%
30%
40%
50%
60%
70%
2006 2008 2010 2012 YTD 14
%

o
f

C
a
s
h

S
a
l
e
s

Cash Ffinancine History for GPC
by Areas
Areas 1-9 Areas 10-23
8lck !. kleln
433 647 9033
NAR: Distressed homes accounted for 11% of sales in May
- 8% REO and 3% short sales; they were 18% in May
2013. Foreclosures sold for 18% below market value and
short sales were discounted 11%
:'.(#+..+9 /",+.
8lck !. kleln
433 647 9033
NAR: Distressed homes accounted for 11% of sales in May
- 8% REO and 3% short sales; they were 18% in May
2013. Foreclosures sold for 18% below market value and
short sales were discounted 11%
GPC distressed properties accounted for 2.8% of Q2 2014
sales down from 5.3% Q2 2013. Distressed sales were
discounted less than 2% from market value.
:'.(#+..+9 /",+.
8lck !. kleln
433 647 9033
nMLS8 lu 413601
:'.(#+..+9 /",+.
1.80%
0.81%
1.03%
1.14%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
% Sold % Listed
%

o
f

t
r
a
n
s
a
c
t
i
o
n
s

Summit County Distressed Sales and Listings Q2 2014
All Property types excluding fractionals
!"#$%&' !#))*+ ,"#-+. /&%"$0&$1 2,34!5,")6*7&0 8. /*%9 :7&*-
Short Sale Bank Owned
8lck !. kleln
433 647 9033
nMLS8 lu 413601
:'.(#+..+9 /",+.
1.80%
0.81%
1.03%
1.14%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
% Sold % Listed
%

o
f

t
r
a
n
s
a
c
t
i
o
n
s

Summit County Distressed Sales and Listings Q2 2014
!"#$%&' !#))*+ ,"#-+. /&%"$0&$1 2,34!5,")6*7&0 8. /*%9 :7&*-
Short Sale Bank Owned
Distressed sales are down from
5.8% in Q1 2014 and hit their
lowest point since we began
tracking in 2011
8lck !. kleln
433 647 9033
:'.(#+..+9 /",+.
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Q
3

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1
1

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Percent of Distressed Sales Summit County
Source: Summit County Recorder, PCMLS/Compiled by Rick Klein
Short Sale REO
8lck !. kleln
433 647 9033
:'.(#+..+9 /",+.
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
$350,000
$400,000
$450,000
$500,000
$550,000
$600,000
$650,000
S
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All Ex Distressed % Distressed right axis
Greater Park City Median Prices
6 month rolling average
(as of 6/2014)
Source: PCMLS/Coompiled by Rick Klein
8lck !. kleln
433 647 9033
/8"97F B<C+<(7#)GH7#+1,7.@#+.
Core Logic announced (6/29/2014) 46,000 foreclosures in the
April down 18% from one year ago. Before the recession
foreclosures averaged 21,000 per month. This is now the
lowest level since the Great Recession began in 2007. At
the current pace of completed foreclosures, and given the
current foreclosure inventory, it will take 14 months to move
all of the foreclosed inventory through the pipeline.
Black Knight Financial Services (formerly LPS) stated
negative equity is down to 8.9% of total active mortgages;
nearly 80% of seriously delinquent and foreclosure
inventory are underwater.
8lck !. kleln
433 647 9033
:'.(#+..+9 /",+.
OPQ+ 0"9(,/"0 BIE +,/9" @; ;<AD
R%5+-""F+ Q""0 %"#$,/ "("1$-"0
0
20
40
60
80
100
120
140
160
Q
1

0
7

Q
2

0
7

Q
3

0
7

Q
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8

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4

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8

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4

Foreclosure Report - Wasatch County
Source: Wasatch County Recorder/Rick J. Klein

Notice of Default Trustee's Deed
8lck !. kleln
433 647 9033
:'.(#+..+9 /",+.
OPQ+ 0"9(,/"0 D;E :%.# @; ;<ADS
$%" /.6 $- 8%"T%"9"++,./ ("1"(C
0
50
100
150
200
250
Q
1

0
7

Q
2

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7

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3

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Q
4

0
7

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1

0
8

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2

0
9

Q
3

0
8

Q
4

0
8

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1

0
9

Q
2

0
9

Q
3

0
9

Q
4

0
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1

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Q
2

1
0

Q
3

1
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Q
4

1
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Q
1

1
1

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2

1
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Q
3

1
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4

1
1

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1
2

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2

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4

Foreclosure Report - Summit County
Includes all property types except fractioinals
Source: Summi County Recorder/Compiled by Rick Klein
Notice of Default Trustee's Deed
8lck !. kleln
433 647 9033
I7;+ !#'1+.
Case Shiller announced (6/24) home prices increased 10.8%
for the 12 months ending April. However, 19 of the 20 cities
saw lower gains in April than in March.
8lck !. kleln
433 647 9033
I7;+ !#'1+.
FHFA stated (6/24) home prices increased 5.9% for the 12 months
ending April 2014 and were up 0.0% from March.
8lck !. kleln
433 647 9033
I7;+ !#'1+.
CoreLogic reported (June) home prices increased 10.5%
year over year in April; this is the 26
th
consecutive month of
YOY price gains. Excluding distressed sales, prices up
8.3%. Utah is up 8.5%
8lck !. kleln
433 647 9033
I7;+ !#'1+.
NAR (6/23) stated median existing home prices rose 5.1% to
$213,400 from one year ago.
th
8.3%. Utah is up 8.5%
8lck !. kleln
433 647 9033
I7;+ !#'1+.
NAR (6/23) stated median existing home prices rose 5.1% to
$213,400 from one year ago.
th
8.3%. Utah is up 8.5%
GPC 12 month rolling median was $523,335 in June up
5.0% from last year; The annual median was up 2.7%
while the annual average was up 9.3%.
8lck !. kleln
433 647 9033
I7;+ !#'1+.
8lck !. kleln
433 647 9033
I7;+ !#'1+.
8lck !. kleln
433 647 9033
I7;+ !#'1+.
Federal Housing Finance Agency
8lck !. kleln
433 647 9033
I7;+ !#'1+.
Source: lPlA
8lck !. kleln
433 647 9033
I7;+ !#'1+.
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
1
/
1
/
0
0

1
/
1
/
0
1

1
/
1
/
0
2

1
/
1
/
0
3

1
/
1
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4

1
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5

1
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6

1
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7

1
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1
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P
C

6

M
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i
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g

A
v
g

N
A
R

M
e
d
i
a
n

NAR and PC Median Price Trends
As of 6/2014
Source: NAR, PCMLS/Rick J. Klein
US Median left axis PC Median right axis
8lck !. kleln
433 647 9033
I7;+. !#'1+.
?%,9"+ 9./2/5" -. %,+"
$- $ #.0"%$-" 8$9"U
58 BCME :%.# @; ;<ADC
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
J
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M
e
d
i
a
n

P
r
i
c
e

Greater Park City Median Prices
12 month rolling average
(As of 6/2013)
Source PCMLS & Rick J. Klein
12 Mo avg Med Price`
8lck !. kleln
433 647 9033
@; ;<ABU A; #./-3 #"0,$/
8%,9" 58 ;CIE $'.1" @; ;<AD
V8 A<C<E $'.1" @; ;<A;
I7;+ !#'1+.
0
100000
200000
300000
400000
500000
600000
700000
800000
Q
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GPC 12 Month Median Prices
As of 6/2014
Median Price
8lck !. kleln
433 647 9033
@; ;<ABU A; #./-3 $1"%$7"
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GPC 12 Month Average Prices
As of 6/2014
Average Price
8lck !. kleln
433 647 9033
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12 mo Median/Average Price and # of Transactions
as of 6/2014
Median Price Average Price # of transactions (right axis)
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433 647 9033
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Average Price 6/13 to 6/14 up 25.6%
Median Price 6/13 to 6/14 up 20.5%
# of Transaction 6/13 to 6/14 down 10.4%
8lck !. kleln
433 647 9033
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# of Transaction 6/13 to 6/14 up 14.5%
8lck !. kleln
433 647 9033
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Median Price 6/13 to 6/14 down 5.3%
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433 647 9033
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8lck !. kleln
433 647 9033
Q2 2014 Snap Shot
*Median: based
on 12 months
2013 2014 % change 2013 2014 % change
CO 1-9 CO 10-23
Listings 3/31 270 277 2.6% Listing 3/31 219 192 -12.3%
# transactions 331 364 10.0% # transactions 309 371 20.1%
Median 537500 513,500 -4.5% Median 325,817 363,630 11.6%
Volume 278,352,795 314,465,424 13.0% Volume 106,869,195 141,178,856 32.1%
SF 1-9 SF 10-23
Listing 3/31 154 157 1.9% Listing 3/31 283 294 3.9%
# transactions 188 163 -13.3% # transactions 363 387 6.6%
Median 1,120,000 1,350,000 20.5% Median 677,500 720,000 6.3%
Volume 262,395,924 332,042,410 26.5% Volume 350,888,505 405,596,898 15.6%
VL 1-9 VL 10-23
Listing 3/31 59 49 -16.9% Listing 3/31 339 309 -8.8%
# transactions 50 38 -24.0% # transactions 176 212 20.5%
Median 532,599 665,000 N/A Median 224,500 270,000 20.3%
Volume 36,381,050 40,584,038 11.6% Volume 60,576,736 102,364,836 69%
GPC Areas 1-23 CO, SF, VL
2013 2014 % change
Listings6/30 1279 1279 0.0%
# transactions 1417 1535 8.3%
Avg 794,437 868,606 9.3%
Median 499,000 512,500 2.7%
Volume 1,061,162,586 1,277,092,157 20.3%
8lck !. kleln
433 647 9033
J7#(>">+ *"(+.
30 Year Fixed 7/1 ARM
Conforming
4.250%
4.335% APR
3.3750%
3.117% APR
High Balance
($600,300)
4.250%
4.292% APR
3.750%
3.252% APR
Non-Conforming
4.125%
4.153% APR
3.250%
3.005% APR
8aLes quoLed for a purchase Lransacuon (as of 7/16/14)
Conforming 15 year fixed: 3.500%; APR 3.647%
8lck !. kleln
433 647 9033
B< /@;;"#)
Demand has weakened since last year: yet, total number of
sales for the past 6 months are up 3% over last year.
8lck !. kleln
433 647 9033
B< /@;;"#)
Inventory has improved and is the same as last year; we are
still at low levels of inventory compared to the last seven years.
8lck !. kleln
433 647 9033
B< /@;;"#)
Distressed sales are not a factor in our market.
8lck !. kleln
433 647 9033
B< /@;;"#)
Prices have stabilized and are improving for our overall market.
However, price appreciation is highly dependent upon market
segment (consider Areas 1-9 Condos and SF).
8lck !. kleln
433 647 9033
B< /@;;"#)
Our market is highly segmented; consumers need knowledgeable
professional agents for selling or purchasing property.
8lck !. kleln
433 647 9033
B< /@;;"#)
Our market is highly segmented; consumers need knowledgeable
professional agents for selling or purchasing property.
Rates are great and if you find this material useful, please consider
me as a referral source.

Stats PC Q2 2014

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