HOUSING REPORTS Research tools provided by the Colorado Association of REALTORS® Statewide Foreclosure March 2015 © 2015 Colorado Association of REALTORS® Lender-Mediated Report – March 2015 A research tool provided by the Colorado Association of REALTORS® Lender-mediated properties are those marked in an MLS as a Foreclosure, REO, Short Sale or other distressed sales type. For a complete list of methodology used from each MLS, see page 2 of this report. Activity comprised of single-family properties, townhomes, and condominiums combined. Share of Sold Listings that were Lender-Mediated: 4.0% Sold Listings 3-2014 3-2015 + / – 40.0% Traditional 6,700 7,991 +19.3% REO 351 208 -40.7% 30.0% Short Sale 174 125 -28.2% Total Market* 7,223 8,326 +15.3% 20.0% Median Sales Price 3-2014 3-2015 + / – Traditional $252,500 $282,213 +11.8% 10.0% REO $155,225 $165,000 +6.3% Short Sale $173,500 $177,000 +2.0% Total Market* $245,280 $277,950 +13.3% 0.0% 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 *Total Market is not a sum of traditional, REO and short sale activity, as some lender-mediated homes can be listed both as REO and short sale. Percent changes are calculated using rounded figures. Historical Median Sales Price Traditional REO Short Sale $300,000 $275,000 $250,000 $225,000 $200,000 $175,000 $150,000 $125,000 1-2010 5-2010 9-2010 1-2011 5-2011 9-2011 1-2012 5-2012 9-2012 1-2013 5-2013 9-2013 1-2014 5-2014 9-2014 1-2015 Current as of April 10, 2015. All data from the multiple listing services in the state of Colorado. Powered by 10K Research and Marketing. | Page 1 Lender-Mediated Report – Explanation of Methodology by MLS A research tool provided by the Colorado Association of REALTORS® Aspen/Glenwood MLS, Inc. • Foreclosure based exclusively on "Foreclosure" field. • Short Sale based exclusively on "Short Sale" field. Chaffee County Board of REALTORS®, Inc. Multiple Listing Service • Foreclosure based on "ForeclosureBankOwned" field and supplemented by "Public Remarks" field. • Short Sale based exclusively on "Public Remarks" field. Colorado Real Estate Network (CREN) • Foreclosure based exclusively on "REO/Lender Owned" field. • Short Sale based exclusively on "Short Sale" field. Grand Junction Area REALTOR® Association MLS • Foreclosure based on "Sale Type" field where value is "REO." • Short Sale based on "Sale Type" field where value is "Short Sale." •Non-specific distressed listings also include where "Sale Type" field is "HUD." • Fields "Agent_Remarks" and "Remarks" are used for further distinction. Gunnison County Association of REALTORS®, Inc. Multiple Listing Service • Foreclosure based on "Ownership" field where value is either "Real Estate Owned" or "Foreclosure." • Short Sale based on "Ownership" field where value is "Short Sale." • Public Remarks field is used for further distinction. IRES, LLC • Short Sale based on "FG_NewFinancingIDs" field where value is either "Short Sale Pending Lender Approval" or "Short Pay." • Foreclosure based on "FG_OwnershipIDs" field where value is "HUD" or "Lender Owner/REO." Metrolist, Inc. • Foreclosure based on "SellerType" field where value is either "Bank/GSE" or "Government" and where "Description" field has a value of "HUD Owned." • Short Sale based on "ApprovalCondition" field where value is "Short Sale." • Fields "PublicRemarks," "BrokerRemarks" and "ContractLegalRemarks" are used for further distinction. Pikes Peak REALTOR® Services Corporation • Foreclosure based on "Notices" field where value is "In Foreclosure." • Short Sale based on "ShortSale Add Signed by Seller" field. • Field "Property Description Remarks" used for further distinction. Pueblo Association of REALTORS®, Inc./Arkansas Valley Board of REALTORS® Multiple Listing Service • Foreclosure exclusively based on "Remarks" and "Agent_Remarks" fields. • Short Sale based on "Terms" field and supplemented by "Remarks" and "Agent_Remarks" fields. Royal Gorge Association of REALTORS® Inc. Multiple Listing Service • Foreclosure and Short Sale are based on the "Agent_Remarks" and "Remarks" fields. Steamboat Springs MLS • Foreclosure based on the "REO Bank Owned Y/N" field equal to "Yes" and supplemented by the "Remarks" field. • Short Sale based on the "Short Sale Potential" field equal to "Yes" and supplemented by the "Remarks" field. Telluride Association of REALTORS® MLS • Foreclosure based on the "REO" field where value is "Yes - Please See Addendum" • Short Sale based on the "Short Sale" field where value is "Yes - Please See Addendum" Vail Board of REALTORS® Mulitple Listing Service • Foreclosure and Short Sale are based exclusively on the "MarketingRemarks" and "AgentOnlyRemarks" fields. Current as of April 10, 2015. All data from the multiple listing services in the state of Colorado. Powered by 10K Research and Marketing. | Page 2 Lender-Mediated Report – Explanation of Methodology by MLS A research tool provided by the Colorado Association of REALTORS® Aspen MLS Pikes Peak REALTOR® Services Corporation Foreclosure based on "Notices" field where value is "In Foreclosure." Short Sale based on "ShortSale Add Signed by Seller" field. Field "Property Description Remarks" used for further distinction. Chaffee County Board of REALTORS®, Inc. MLS Pueblo Association of REALTORS®, Inc./Arkansas Valley Board of REALTORS® Foreclosure based on field "ForeclosureBankOwned" and supplemented by "Public Foreclosure exclusively based on "Remarks" and "Agent_Remarks" fields. Short Sale Remarks." Short Sale based on field is based exclusively on "Public Remarks" field. based on "Terms" field and supplemented by "Remarks" and "Agent_Remarks." Colorado Real Estate Network (CREN) Royal Gorge Association of REALTORS® Inc. MLS Foreclosure based exclusively on "REO/Lender Owned" field. Short Sale based exclusively on "Short Foreclosure and Short Sale are based off the "Agent_Remarks" and "Remarks" fields. Sale field." Craig MLS Spanish Peaks MLS Grand County MLS Steamboat Springs MLS Foreclosure based on the "REO Bank Owned Y/N" field equal to "Yes" and supplemented by the "Rema Short Sale based on the "Short Sale Potential" field equal to "Yes" and supplemented by the "Remarks" Grand Junction Telluride MLS Foreclosure based on "Sale Type" field where value is "REO." Short Sale based on "Sale Type" field where value is "Short Sale." Non-specific distressed listings also include where "Sale Type" is "HUD." Fields "Agent_Remarks" and "Remarks" are used for further distinction. Gunnison County Association of REALTORS®, Inc. MLS Summit MLS Foreclosure based on "Ownership" field where value is either "Real Estate Owned" or "Foreclosure." Short Sale based on "Ownership" field where value is "Short Sale." Public Remarks field is used for further distinction. IRES, LLC Vail Board of REALTORS® Mulitple Listing Service Foreclosure and Short Sale are based exclusively on the "MarketingRemarks" and "AgentOnlyRemarks" fields. Metrolist, Inc. Foreclosure based on field "SellerType" where value is either "Bank/GSE" or "Government" and where field "Description" has a value of "HUD Owned." Short Sale based on field "ApprovalCondition" where value is "Short Sale." Fields "PublicRemarks," "BrokerRemarks" and "ContractLegalRemarks" are used for further distinction. Current as of April 10, 2015. All data from the multiple listing services in the state of Colorado. Powered by 10K Research and Marketing. | Page 3.