august 2014 denver metro market report

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Page 1: August 2014 Denver Metro Market Report
Page 3: August 2014 Denver Metro Market Report

8 54279

493.0 20

4.0

11

67

4.0 64

45

3

9

0.25 - 0.50acre

46

$ 400,000

17

0

64

4.0

6,501 -8,000 sqft

34.0

2023 6,501 -8,000 sqft

63

$ 281,000

4.0

131

8,001 -10,000 sqft$ 522,393

4.0$ 750,000

9

24

3072

The market appears to be hovering around this plateau. Look fora persistent change in the Market Action Index before we seeprices deviate from these levels.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Even though the days-on-market is trending higher, so is theMarket Action Index at these inventory levels, providing a neutraloutlook for the market.

ARVADA, COHomestead Title &Escrow's ExecutiveSummary

63

2660

2.0

Monday August 25, 2014

The median list price in ARVADA, CO this week is $469,900.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

50.2

Percent Relisted (reset DOM)

2753

3.0

6 %

Median Number of Bathrooms

73

Median List Price

Average Days on Market (DOM)$ 160

Percent Flip (price increased)

8,001 - 10,000 sqftMedian House Size (sq ft)

$ 469,900

53 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %Percent of Properties with Price Decrease

Strong Seller's

±+

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 5: August 2014 Denver Metro Market Report

8 73878

373.0 12

3.0

21

73

4.0 117

26

16

27

0.25 - 0.50acre

36

$ 315,000

48

6

118

4.0

6,501 -8,000 sqft

113.0

1817 6,501 -8,000 sqft

117

$ 222,450

4.0

97

8,001 -10,000 sqft$ 469,000

4.0$ 584,525

7

50

2973

The market appears to be hovering around this plateau. Look fora persistent change in the Market Action Index before we seeprices deviate from these levels.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

The Market Action index has been trending down lately, whiledays-on-market is climbing, providing mostly bearish signs for themarket.

AURORA, COHomestead Title &Escrow's ExecutiveSummary

117

2269

2.0

Monday August 25, 2014

The median list price in AURORA, CO this week is $369,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

61.2

Percent Relisted (reset DOM)

2640

3.0

9 %

Median Number of Bathrooms

58

Median List Price

Average Days on Market (DOM)$ 142

Percent Flip (price increased)

6,501 - 8,000 sqftMedian House Size (sq ft)

$ 369,000

48 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

4 %Percent of Properties with Price Decrease

Strong Seller's

±+

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 7: August 2014 Denver Metro Market Report

25 24361

842.0 34

3.0

0

146

3.0 34

68

2

1

0.25 - 0.50acre

42

$ 684,000

3

1

35

2.5

1.0 - 2.5acres

12.5

1824 1.0 - 2.5acres

34

$ 484,500

4.0

203

1.0 - 2.5acres$ 949,250

4.0$ 1,697,000

43

4

3331

In the last few weeks we've seen prices in this zip code bouncingaround this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from theselevels.

While prices have recently plateaued, this is a buyer's market andthe supply of homes listed has started growing relative to demand.This indicates that prices could easily resume a downward trend inconjunction with the MAI. Prices are unlikely to move significantlyhigher until there is a persistent upward shift in the MAI.

Inventory and days-on-market are climbing, while the MarketAction Index has been flat recently. The trends point to aweakening market.

BOULDER, CO 80302Homestead Title &Escrow's ExecutiveSummary

34

2730

1.5

Monday August 25, 2014

The median list price in BOULDER, CO 80302 this week is $749,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

26.7

Percent Relisted (reset DOM)

2893

2.0

1 %

Median Number of Bathrooms

125

Median List Price

Average Days on Market (DOM)$ 289

Percent Flip (price increased)

1.0 - 2.5 acresMedian House Size (sq ft)

$ 749,000

38 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

9 %Percent of Properties with Price Decrease

Buyer's Advantage

±+

±+

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 9: August 2014 Denver Metro Market Report

8 24242

583.0 14

3.0

5

85

4.0 52

23

7

11

0.50 - 1.0acre

30

$ 421,500

19

5

53

4.0

6,501 -8,000 sqft

33.0

1720 4,501 -6,500 sqft

52

$ 265,000

4.0

189

8,001 -10,000 sqft$ 535,000

4.0$ 924,452

8

14

3130

Again this week we see a downward notch for prices. Pricescontinue to pull back from the market's highs. The Market ActionIndex is a good leading indicator for the durability of this trend.

The market has been cooling off a bit in recent weeks, as morehomes are available and demand is less. We're already seeing pricesmove lower as a result. Expect this trend to continue especially ifthe index falls to the Buyer's zone. Watch for a persistent up-turn inMarket Action to signal prices rising again.

With inventory trending up but days-on-market and the MarketAction Index essentially flat recently, conditions do not seem tohave strong up or down pull.

BROOMFIELD, COHomestead Title &Escrow's ExecutiveSummary

52

2594

3.0

Monday August 25, 2014

The median list price in BROOMFIELD, CO this week is $473,500.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

46.2

Percent Relisted (reset DOM)

2715

3.0

4 %

Median Number of Bathrooms

88

Median List Price

Average Days on Market (DOM)$ 168

Percent Flip (price increased)

8,001 - 10,000 sqftMedian House Size (sq ft)

$ 473,500

47 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

3 %Percent of Properties with Price Decrease

Strong Seller's

≠≠

±+

±+

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 11: August 2014 Denver Metro Market Report

9 07268

1025.0 12

4.0

1

84

5.0 13

75

0

0

0.50 - 1.0acre

13

$ 680,000

0

0

13

6.5

0.25 - 0.50acre

05.5

3688 8,001 -10,000 sqft

12

$ 554,000

5.0

108

0.25 - 0.50acre$ 1,112,000

5.0$ 1,674,500

10

1

5508

While this week the median price in this zip code didn'tfluctuate much, we are relatively close to the market's high-water mark. Watch for persistent downward shift in the MarketAction Index into the Buyer's zone as a leading indicator of theprice strength subsiding.

The market has not shown strong directional trends in terms ofsupply and demand. However, inventory is sufficiently low to keepus in the Seller's Market zone and prices have been moving upward asevidence.

The Market Action index has been trending down lately, whiledays-on-market is climbing, providing mostly bearish signs for themarket.

CASTLE PINES NORTH,Homestead Title &Escrow's ExecutiveSummary

12

4725

4.0

Monday August 25, 2014

The median list price in CASTLE PINES NORTH, CO 80108 this weekis $767,500.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

41.4

Percent Relisted (reset DOM)

4850

5.0

2 %

Median Number of Bathrooms

92

Median List Price

Average Days on Market (DOM)$ 182

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 767,500

64 %

5.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %Percent of Properties with Price Decrease

Seller's Advantage

==

==

==

±+

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 13: August 2014 Denver Metro Market Report

8 55034

823.0 0

3.0

2

100

4.0 33

44

2

3

1.0 - 2.5acres

16

$ 435,000

7

1

33

5.0

8,001 -10,000 sqft

34.0

2119 6,501 -8,000 sqft

32

$ 345,000

4.0

140

0.25 - 0.50acre$ 527,000

5.0$ 799,450

8

12

3390

We continue to see prices in this zip code bounce around thisplateau. Look for a persistent down-shift in the Market ActionIndex before we see prices deviate from these levels.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Inventory has been lightening lately and the Market Action Indexhas been trending up. These are mildly positive indications for themarket.

CASTLE ROCK, CO 80104Homestead Title &Escrow's ExecutiveSummary

32

2929

3.0

Monday August 25, 2014

The median list price in CASTLE ROCK, CO 80104 this week is$473,354.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

39.4

Percent Relisted (reset DOM)

3109

4.0

18 %

Median Number of Bathrooms

91

Median List Price

Average Days on Market (DOM)$ 157

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 473,354

38 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

13 %Percent of Properties with Price Decrease

Seller's Advantage

±+

±+

±+

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 15: August 2014 Denver Metro Market Report

22 25080

283.0 34

4.0

13

63

4.0 51

39

3

8

1.0 - 2.5acres

36

$ 398,900

15

4

51

5.0

8,001 -10,000 sqft

63.0

2236 8,001 -10,000 sqft

51

$ 312,500

4.0

85

0.25 - 0.50acre$ 500,000

5.0$ 767,000

33

10

3200

The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.

The market has been cooling over time and prices have recentlyflattened. Despite the consistent decrease in Market Action Index(MAI), we're in a Seller's Market (where significant demand leaveslittle inventory available). If the MAI begins to climb, prices willlikely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

The Market Action Index has been trending down lately, whileinventory is climbing. These trends imply a weakening market.

CENTENNIAL, COHomestead Title &Escrow's ExecutiveSummary

50

2872

3.0

Monday August 25, 2014

The median list price in CENTENNIAL, CO this week is $435,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

53.8

Percent Relisted (reset DOM)

2988

4.0

3 %

Median Number of Bathrooms

54

Median List Price

Average Days on Market (DOM)$ 146

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 435,000

49 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

8 %Percent of Properties with Price Decrease

Strong Seller's

±+

≠≠

±+

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 17: August 2014 Denver Metro Market Report

13 05131

733.0 22

3.0

1

127

3.0 24

59

0

2

10 - 20 acres

35

$ 415,000

2

1

24

5.0

1.0 - 2.5acres

04.0

1906 1.0 - 2.5acres

23

$ 302,500

4.0

153

5.0 - 10acres$ 649,500

4.0$ 1,175,000

17

2

3651

In the last few weeks we've seen prices in this zip code bouncingaround this plateau. Look for a persistent down-shift in theMarket Action Index before we see prices deviate from theselevels.

While the Market Action Index shows some strengthening in the lastfew weeks, prices have settled in a bit of a plateau. We currently ina Seller's market so prices will likely resume their climb should thistrend persist.

Inventory is tightening and days-on-market is falling. But demandas measured by the Market Action Index is also trending down. Themarket is not giving strong up or down signals from these data.

CONIFER, CO 80433Homestead Title &Escrow's ExecutiveSummary

23

2582

2.0

Monday August 25, 2014

The median list price in CONIFER, CO 80433 this week is $550,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

32.6

Percent Relisted (reset DOM)

2915

3.0

2 %

Median Number of Bathrooms

102

Median List Price

Average Days on Market (DOM)$ 172

Percent Flip (price increased)

2.5 - 5.0 acresMedian House Size (sq ft)

$ 550,000

55 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

3 %Percent of Properties with Price Decrease

Seller's Advantage

±+

±+

=

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 19: August 2014 Denver Metro Market Report

15 194282

592.0 60

3.0

65

71

3.0 298

42

41

57

6,501 -8,000 sqft

56

$ 359,912

91

21

298

4.0

4,501 -6,500 sqft

303.0

1494 6,501 -8,000 sqft

298

$ 221,500

4.0

111

4,501 -6,500 sqft$ 549,000

4.0$ 1,050,000

58

86

2508

The market appears to be hovering around this plateau. Look fora persistent change in the Market Action Index before we seeprices deviate from these levels.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

The Market Action Index has been trending down lately, whileinventory is climbing. These trends imply a weakening market.

DENVER, COHomestead Title &Escrow's ExecutiveSummary

297

1962

2.0

Monday August 25, 2014

The median list price in DENVER, CO this week is $448,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

53.6

Percent Relisted (reset DOM)

2270

3.0

5 %

Median Number of Bathrooms

71

Median List Price

Average Days on Market (DOM)$ 206

Percent Flip (price increased)

6,501 - 8,000 sqftMedian House Size (sq ft)

$ 448,000

44 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %Percent of Properties with Price Decrease

Strong Seller's

±+

±+

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 21: August 2014 Denver Metro Market Report

22 35478

452.0 63

3.0

5

58

3.0 25

46

3

4

0.50 - 1.0acre

66

$ 300,000

6

1

25

6.0

4,501 -6,500 sqft

23.0

1262 4,501 -6,500 sqft

25

$ 234,900

4.0

63

8,001 -10,000 sqft$ 550,000

5.0$ 1,650,000

35

10

3028

The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.

The market has been cooling over time and prices have recentlyflattened. Despite the consistent decrease in Market Action Index(MAI), we're in a Seller's Market (where significant demand leaveslittle inventory available). If the MAI begins to climb, prices willlikely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies someincreased demand will temper the negative trends.

ENGLEWOOD, COHomestead Title &Escrow's ExecutiveSummary

25

1884

2.0

Monday August 25, 2014

The median list price in ENGLEWOOD, CO this week is $353,500.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

57.5

Percent Relisted (reset DOM)

2326

3.0

3 %

Median Number of Bathrooms

53

Median List Price

Average Days on Market (DOM)$ 188

Percent Flip (price increased)

6,501 - 8,000 sqftMedian House Size (sq ft)

$ 353,500

47 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

3 %Percent of Properties with Price Decrease

Strong Seller's

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 23: August 2014 Denver Metro Market Report

18 07198

1035.0 30

5.0

2

117

5.0 17

71

1

1

0.50 - 1.0acre

33

$ 1,182,700

1

1

17

6.5

0.50 - 1.0acre

05.5

3936 0.25 - 0.50acre

16

$ 750,000

5.0

197

0.50 - 1.0acre$ 1,612,000

5.0$ 2,422,500

20

1

6435

The market is hovering around this plateau. Look for a persistentchange in the Market Action Index before we see prices deviatefrom these levels.

The Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continuesto grow relative to demand however, it is likely that we will seedownward pressure on pricing.

Inventory and days-on-market are both trending higher recently.However, the improving Market Action Index implies someincreased demand will temper the negative trends.

GREENWOOD VILLAGE,Homestead Title &Escrow's ExecutiveSummary

16

5000

4.0

Monday August 25, 2014

The median list price in GREENWOOD VILLAGE, CO this week is$1,399,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

28.5

Percent Relisted (reset DOM)

5638

5.0

5 %

Median Number of Bathrooms

121

Median List Price

Average Days on Market (DOM)$ 258

Percent Flip (price increased)

0.50 - 1.0 acreMedian House Size (sq ft)

$ 1,399,000

48 %

5.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %Percent of Properties with Price Decrease

Buyer's Advantage

±+

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 25: August 2014 Denver Metro Market Report

14 64636

413.0 18

3.5

6

49

4.0 44

34

3

9

0.25 - 0.50acre

18

$ 419,900

13

3

44

5.0

6,501 -8,000 sqft

44.0

2108 4,501 -6,500 sqft

44

$ 339,200

4.0

59

8,001 -10,000 sqft$ 512,450

5.0$ 697,250

18

21

3621

The market is hovering around this plateau. Look for a persistentchange in the Market Action Index before we see prices deviatefrom these levels.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Inventory has been lightening lately and the Market Action Indexhas been trending up. Though days-on-market is increasing, theseare mildly positive indications for the market.

HIGHLANDS RANCH, COHomestead Title &Escrow's ExecutiveSummary

44

2643

3.5

Monday August 25, 2014

The median list price in HIGHLANDS RANCH, CO this week is$449,950.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

62.2

Percent Relisted (reset DOM)

3119

4.0

1 %

Median Number of Bathrooms

46

Median List Price

Average Days on Market (DOM)$ 154

Percent Flip (price increased)

6,501 - 8,000 sqftMedian House Size (sq ft)

$ 449,950

53 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %Percent of Properties with Price Decrease

Strong Seller's

±+

=

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 27: August 2014 Denver Metro Market Report

12 54431

523.0 45

3.0

8

56

4.0 51

28

6

10

0.25 - 0.50acre

54

$ 349,900

11

4

51

4.0

8,001 -10,000 sqft

93.0

1778 8,001 -10,000 sqft

50

$ 267,000

4.0

112

0.25 - 0.50acre$ 459,900

4.0$ 799,250

30

15

3105

The market is hovering around this plateau. Look for a persistentchange in the Market Action Index before we see prices deviatefrom these levels.

In the last few weeks the market has achieved a relative stasis pointin terms of sales to inventory. However, inventory is sufficiently lowto keep us in the Seller's Market zone so watch changes in the MAI.If the market heats up, prices are likely to resume an upward climb.

With inventory and days-on-market basically unchanged and theMarket Action Index increasing, the market is not sending strongdirectional signal for the near-term outlook.

LAKEWOOD, COHomestead Title &Escrow's ExecutiveSummary

50

2218

2.0

Monday August 25, 2014

The median list price in LAKEWOOD, CO this week is $395,900.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

53.3

Percent Relisted (reset DOM)

2646

3.0

2 %

Median Number of Bathrooms

62

Median List Price

Average Days on Market (DOM)$ 156

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 395,900

50 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

4 %Percent of Properties with Price Decrease

Strong Seller's

±+

±+

±+

±+

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 29: August 2014 Denver Metro Market Report

12 35514

884.0 19

3.0

13

107

4.0 110

50

9

12

0.50 - 1.0acre

33

$ 492,000

26

1

111

5.0

8,001 -10,000 sqft

104.0

2156 6,501 -8,000 sqft

110

$ 328,000

4.0

185

0.25 - 0.50acre$ 699,000

5.0$ 1,250,000

16

32

4014

The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.

The market has been cooling over time and prices have recentlyflattened. Despite the consistent decrease in Market Action Index(MAI), we're in a Seller's Market (where significant demand leaveslittle inventory available). If the MAI begins to climb, prices willlikely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Even though the days-on-market is trending higher, so is theMarket Action Index at these inventory levels, providing a neutraloutlook for the market.

LITTLETON, COHomestead Title &Escrow's ExecutiveSummary

110

3341

3.0

Monday August 25, 2014

The median list price in LITTLETON, CO this week is $585,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

44.4

Percent Relisted (reset DOM)

3500

4.0

4 %

Median Number of Bathrooms

107

Median List Price

Average Days on Market (DOM)$ 173

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 585,000

46 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

5 %Percent of Properties with Price Decrease

Seller's Advantage

±+

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 31: August 2014 Denver Metro Market Report

9 35662

724.0 9

4.0

8

102

4.0 81

70

5

8

1.0 - 2.5acres

15

$ 489,900

11

2

81

5.0

8,001 -10,000 sqft

64.0

2579 6,501 -8,000 sqft

81

$ 419,029

4.0

223

0.50 - 1.0acre$ 625,000

4.5$ 1,114,375

9

9

4301

The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.

The market has been cooling over time and prices have recentlyflattened. Despite the consistent decrease in Market Action Index(MAI), we're in a Seller's Market (where significant demand leaveslittle inventory available). If the MAI begins to climb, prices willlikely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Even though the days-on-market is trending higher, so is theMarket Action Index at these inventory levels, providing a neutraloutlook for the market.

PARKER, COHomestead Title &Escrow's ExecutiveSummary

80

3313

3.0

Monday August 25, 2014

The median list price in PARKER, CO this week is $529,000.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

36.4

Percent Relisted (reset DOM)

3756

4.0

8 %

Median Number of Bathrooms

117

Median List Price

Average Days on Market (DOM)$ 161

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 529,000

44 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

7 %Percent of Properties with Price Decrease

Seller's Advantage

±+

±+

==

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 33: August 2014 Denver Metro Market Report

16 13858

413.0 18

3.0

4

40

3.5 10

9

3

4

0.50 - 1.0acre

18

$ 284,950

5

1

10

4.0

6,501 -8,000 sqft

54.0

1501 4,501 -6,500 sqft

9

$ 237,000

4.0

44

6,501 -8,000 sqft$ 350,000

4.0$ 625,000

17

5

2900

The market is hovering around this plateau. Look for a persistentchange in the Market Action Index before we see prices deviatefrom these levels.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Demand measured by the Market Action Index is increasing anddays-on-market is holding steady. With more properties comingavailable, conditions are mildly positive.

THORNTON, COHomestead Title &Escrow's ExecutiveSummary

9

2114

2.5

Monday August 25, 2014

The median list price in THORNTON, CO this week is $299,200.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

77.2

Percent Relisted (reset DOM)

2458

3.0

3 %

Median Number of Bathrooms

33

Median List Price

Average Days on Market (DOM)$ 144

Percent Flip (price increased)

6,501 - 8,000 sqftMedian House Size (sq ft)

$ 299,200

47 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %Percent of Properties with Price Decrease

Strong Seller's

±+

==

±+

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 35: August 2014 Denver Metro Market Report

14 14468

453.0 35

3.0

1

76

4.0 15

34

0

7

0.25 - 0.50acre

52

$ 329,000

2

0

16

4.0

8,001 -10,000 sqft

23.0

1892 6,501 -8,000 sqft

15

$ 234,950

4.0

105

8,001 -10,000 sqft$ 524,800

5.0$ 799,900

12

5

3050

The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.

The market has been cooling over time and prices plateaued for awhile. Despite the consistent decrease in MAI, we're in the Seller'szone. Watch for changes in MAI. If the MAI resumes it's climb, priceswill likely follow suit. If the MAI drops consistently or falls into theBuyer's zone, watch for downward pressure on prices.

Inventory has been lightening lately and the Market Action Indexhas been trending up. These are mildly positive indications for themarket.

WESTMINSTER, COHomestead Title &Escrow's ExecutiveSummary

15

2441

2.0

Monday August 25, 2014

The median list price in WESTMINSTER, CO this week is $399,900.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Homestead Title & Escrow | 303-815-1300

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2014 Altos Research LLC

Single Family Homes

Median Lot Size

56.8

Percent Relisted (reset DOM)

2725

3.0

0 %

Median Number of Bathrooms

64

Median List Price

Average Days on Market (DOM)$ 148

Percent Flip (price increased)

8,001 - 10,000 sqftMedian House Size (sq ft)

$ 399,900

43 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

2 %Percent of Properties with Price Decrease

Strong Seller's

±+

≠≠

±+

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

Page 36: August 2014 Denver Metro Market Report

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