NOVEMBER 2014 METRO DENVER UPDATE Results based on

NOVEMBER 2014 METRO -DENVER UPDATE Results based on the 7 metro counties of Denver (Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson).

NOVEMBER 2014 SNAPSHOT • 36. 5% of sold transactions went under contract in 7 days or less, and 39. 4% sold for at or over their asking price. • There is only a 2 -3 week supply of inventory for both detached and attached homes under $400, 000. • Supply of inventory for attached dwellings dropped to 0. 9 months or 27 days of inventory, this is an all time low for 2 months in a row.

2014 YEAR IN REVIEW • Many records hit when reviewing data from the last 10 years. • Highest Average Sold Price • Detached Residential: $376, 971 June 2014 • Attached Residential: $237, 462 November 2014 • Lowest Active Inventory • Detached Residential: 3, 616 November 2014 • Attached Residential: 926 November 2014 • Lowest Days on Market • Detached Residential: 25 days to contract June 2014 • Attached Residential: 21 days to contract May 2014 • Lowest Months Supply of Inventory • Detached Residential: 1. 3 months May 2014 • Attached Residential: 0. 9 months October & November 2014

DETACHED RESIDENTIAL PROPERTIES STATISTICS YEAR OVER YEAR: • Active inventory declined by -44. 0 % year over year. • Under Contract properties declined -30. 5% vs. the same month a year ago. • Sold detached dwellings decreased from November 2013 by 4. 0%. MONTH OVER MONTH: • Inventory down by -22. 0% from October. • Under Contracts down -22. 1% from one month ago. • Sold detached dwellings down slightly by -19. 3% vs. last month.

ATTACHED RESIDENTIAL PROPERTIES STATISTICS YEAR OVER YEAR: • Active inventory continues to hover around historic lows, down by -36. 1% vs. the same month one year ago. • Under Contract units up 16. 1% from November 2013. • Sold attached dwellings up by 41. 0% year over year. MONTH OVER MONTH: • Active condo units down by -26. 2% from October to November. • Under contract properties down -18. 2% from month-over-month. • Sold attached dwellings are down -20. 7% from last month.

AVERAGE DAYS ON MARKET – DETACHED PROPERTIES • Average days on market reached their lowest in June 2014 at 25. • Currently sitting at 35 days, down -22. 2% from one year ago. • Historical average is usually between 90 -110 days on market. • Average days on market by price segment is below average until the $400, 000 range. • Shortest average days on market is in the $0 -199 k and $200 -399 K segments.

AVERAGE DAYS ON MARKET – ATTACHED PROPERTIES • Currently days on market sits at a near low of 27. • This is down 37. 2% from one year ago. • Near a record low, historical average is typically 100 -120 days to contract. • Average days on market in this calculation is slightly different than as reported by the MLS due to a variance in the way data is obtained. • Just over 2 weeks to contract for properties under $200, 000.

CALL ME TODAY IF YOU HAVE ANY QUESTIONS REGARDING THE HOME OWNERSHIP EXPERIENCE! Robert E. Blase Phone: 720 -600 -9035 E-mail: robertblase@kw. com Website: robertblase. kwrealty. com