5506 Vantage Vista Dr - HC by mwidman-wfgnationaltitle

Property Details

Maps

Local Schools

Community Utilities & Resources

Title & Escrow

The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.

PROPERTY DETAILS

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

73154-05-056 EL PASO COUNTY CO

Owner Information

Owner Name: EHRMAN LIVING TRUST / Vesting: LIVING TRUST

Mail Address: 5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

Owner Status:

Location Information

Legal Desc: LOT 13 MOUNTAIN SHADOWS FIL NO 35 CO SPGS

County: EL PASO

Census/Block: 003708 / 1030

Tsp-Rng-Sec: T13-R67-S15

Lot / Block: Lot: 13 Block:

Housing Tract: MOUNTAIN SHADOWS FIL NO 3

Last Market Sale

Date: 2011-03-01/2011-02-24

Sale Price: 580000

Document #: 2011.21716

Doc Type: WARRANTY DEED

$ Sqft: $149.33

Prior Sale Information

Date: 2008-11-10/2008-11-07

Alt Parcel #

School District: COLORADO SPRINGS 11

Municipality:

Parcel #: 73154-05-056

Lender: TPG FUNDING LLC

Loan: 280000

Document #: 2011.21717

Loan Type: CONVENTIONAL

Loan Term:

Lender: Price: 465000 Loan:

Document #: 2008 121786

Doc Type: WARRANTY DEED

Document #:

Loan Type:

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

73154-05-056 EL PASO COUNTY CO

Property Characteristics

Gross Area: 5023

Living Area: 3884

Above Grade: 5,023

Bedrooms: 5

Bath (F/H): 2/1

Fireplace:

Year Built: 1998

Garage Area:

Roof Shape: GABLE

Foundation: CONCRETE

Interior Wall

Porch Type: COVERED SLAB

Roof Material: CONCRETE TILE Air Cond: CENTRAL

Construction: FRAME/STUCCO Fixtures:

Parking Type: Garage Exterior Wall: STUCCO

Basement: 2123

Information

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

PASO COUNTY

MAPS

ASSESSOR MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

STREET MAP

AERIAL MAP

CITY BOUNDARY MAP

SCHOOLS

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

73154-05-056

EL PASO COUNTY CO

Colorado Springs, School District No. 11, In The County Of E

Elementary Schools

Chipeta Elementary School

2340 Ramsgate Terrace COLORADO SPRINGS CO 80919

Grades: PK to 05

Charter School: N

Trailblazer Elementary School

Magnet School: N

2015 Wickes Road COLORADO SPRINGS CO 80919

Grades: PK to 05

Charter School: N

Middle Schools

Holmes Middle School

Magnet School: N

2455 Mesa Road COLORADO SPRINGS CO 80904

719-328-5500

Area Desc:

Distance: 0.46 Miles

Title One: NO

719-328-6300

Area Desc:

Distance: 0.46 Miles

Title One: NO

719-328-3800

Area Desc:

Grades: 06 to 08 Distance: 3.35 Miles

Charter School: N

Mann Middle School

Magnet School: N

1001 East Van Buren Street COLORADO SPRINGS CO 80907

Grades: 06 to 08

Charter School: N

High Schools

Civa Charter Academy

Magnet School: N

4635 Northpark Drive COLORADO SPRINGS CO 80918

Title One: NO

719-328-2300

Area Desc:

Distance: 4.71 Miles

Title One: NO

719-633-1306

Area Desc:

Grades: 09 to 12 Distance: 2.52 Miles

Charter School: Y

Coronado High School

Magnet School: N

1590 West Fillmore Street COLORADO SPRINGS CO 80904

Grades: 09 to 12

Charter School: N

Magnet School: N

Title One: NO

719-328-3600

Area Desc:

Distance: 2.99 Miles

Title One: NO

Your assigned school should be the first school in each category, but it is recommended you check with the district or school. The above is believed to be accurate, but is not guaranteed. Copyright © 1995-2025 CDS Marketing, Inc.

Superintendent: MichaelGaal

2024PerformanceFrameworkResults

OfficialPerformanceRating

Howareperformanceframeworkratingsdetermined?

Whatistheperformance framework?

PerformanceIndicatorRatings

Howdidstudentsperformondifferentpartsofthe performanceframework?

Achievement: Approachingⓘ

Postsecondary& WorkforceReadiness: Approachingⓘ

Growth: Approachingⓘ

DoesNotMeet Expectations Exceeds Expectations Meets Expectations Approaching Expectations

Whatdoesthisratingmeanandhowdoesit comparetootherdistricts?

2024-25UnifiedImprovementPlan

PerformanceChallenges

Whereisthedistrictfocusingits attention?

AcademicAchievement-CMASPercent PassingImprovement-ElementaryELA

AcademicAchievement-CMASPercent PassingImprovement-ElementaryMathe..

AcademicAchievement-CMASPercent PassingImprovement-MSELA

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Whatissuesunderliethese challenges?

AcademicAchievement

GrowingHealthyCommunityEngagement

LackofConnectionwithSchool

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ClickHeretoViewFullPeformanceFrameworkReport

Howdothedifferentperformanceindicators factorintotheofficialperformancerating?

WhatisUnified ImprovementPlanning? ⓘ

Whatstrategieshavebeenputin placetoaddressrootcauses?

CoherenceinTier1Instruction

GrowingHealthyCommunityEngagement

Principal: SarahScott

SchoolWebsite

ServesGradesPK-05

OfficialPerformanceRating

Howareperformanceframeworkratingsdetermined?

Whatdoesthisratingmeanandhowdoesit comparetootherschools?

StudentswithDisabilities 2024PerformanceFrameworkResults

Whatistheperformance framework?

Howdidstudentsperformondifferentpartsofthe performanceframework?

Howdothedifferentperformanceindicators factorintotheofficialperformancerating?

2024-25UnifiedImprovementPlan

Whereistheschoolfocusingits attention?

Whatissuesunderliethese challenges?

Whatstrategieshavebeenputin placetoaddressrootcauses?

Principal: AnthonyKarr

SchoolWebsite

ServesGrades06-08

OfficialPerformanceRating

Howareperformanceframeworkratingsdetermined?

Whatistheperformance framework?

PerformanceIndicatorRatings

Howdidstudentsperformondifferentpartsofthe performanceframework?

StudentswithDisabilities

Whatdoesthisratingmeanandhowdoesit comparetootherschools?

Howdothedifferentperformanceindicators factorintotheofficialperformancerating?

Whereistheschoolfocusingits attention?

Whatissuesunderliethese challenges?

Whatstrategieshavebeenputin placetoaddressrootcauses?

Principal: RandyZimmerman SchoolWebsite

StudentswithDisabilities

OfficialPerformanceRating

Howareperformanceframeworkratingsdetermined?

Whatistheperformance framework?

PerformanceIndicatorRatings

Howdidstudentsperformondifferentpartsofthe performanceframework?

Achievement: Meetsⓘ

Postsecondary& WorkforceReadiness: Approachingⓘ

Whatdoesthisratingmeanandhowdoesit comparetootherschools?

Growth: Approachingⓘ

DoesNotMeet Expectations Exceeds Expectations Meets Expectations Approaching Expectations

Howdothedifferentperformanceindicators factorintotheofficialperformancerating?

Whereistheschoolfocusingits attention?

PostsecondaryandWorkforcereadiness

Whatissuesunderliethese challenges?

Inconsistentmathinstruction

Inconsistentscienceinstruction

Increasepostsecondaryworkforcereadiness

Listcontinues.Clickbelowtoviewmore.

Whatstrategieshavebeenputin placetoaddressrootcauses?

IncreaseEvidenceBasedReadingand Writing ClickHeretoViewFullPeformanceFrameworkReport

IncreasemathachievementonPSATand SATexams

Listcontinues.Clickbelowtoviewmore. IncreasescienceCMASscores

COMMUNITY

EL PASO COUNTY

730,395

POPULATION

2020 Census Data

$81,851

MEDIAN INCOME

2023 Estimated Census Data

35.62

MEDIAN AGE

2023 Estimated Census Data

El Paso county is the most populous county in the state of Colorado. In July 1858, gold was discovered along the South Platte River in Arapahoe County, Kansas Territory. This discovery precipitated the Pike's Peak Gold Rush.

SCHOOL DISTRICTS

El Paso County is home to 17 public school districts, in addition to several private schools. In the 2023–2024 school year, Cheyenne Mountain School District 12 in Colorado Springs was ranked the #1 public school district in Colorado.

POPULATION DENSITY

2020 Census Data

 343.5 inhabitants per sq. mile

 287,459 housing units

HOUSING

2023 Estimated Census Data

 65.25% of homes owner occupied

 34.75% of homes rented

AGE DEMOGRAPHIC

2023 Estimated Census Data

 23.28% under age 18

 10.28% between ages 18 to 24

 29.35% between ages 25 to 44

 22.51% between ages 45 to 64

 14.58% above age 65

COUNTY QUICK FACTS

 Most populous county in Colorado

 2,127 square miles

 Highest Average Temperature 84º

 Lowest Average Temperature 16º

Many residents of the mining region felt disconnected from the remote territorial governments of Kansas and Nebraska, so they voted to form their own Territory of Jefferson on October 24, 1859. The following month, the Jefferson Territorial Legislature organized 12 counties for the new territory including El Paso County. El Paso County was named for the Spanish language name for Ute Pass north of Pikes Peak. Colorado City served as the county seat of El Paso County.

EL PASO COUNTY BASE MAP

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

73154-05-056 EL PASO COUNTY CO

Animal - Services

Laman, Eli T DVM - Dublin Ani

Banks

Credit Unions

Coffee Shops

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

Coffee Shops

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

73154-05-056 EL PASO COUNTY CO

Nursing Homes Name

Offices and Clinics of Chiropractors Name

Williams, Danny C DC - Willia

Ohrdorf, Ronald T DC - Weber

Lowenstein, MARC T DC - Accid

Holliger, Maria V DC - Caring

Offices and Clinics of Dentists

Offices and Clinics of Medical Doctors

Name

Kim M Dvm

Nimptsz-Kosek Iwona- MD

Stein, Gerald S MD - Gerald S 3820 N 30th St

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

Offices and Clinics of

5506 VANTAGE VISTA DR COLORADO SPRINGS CO 80919

73154-05-056 EL PASO COUNTY CO

UTILITIES & RESOURCES

EL PASO COUNTY UTILITIES

Emergency/Police/Medical/Fire 911

Poison Control (800) 222-1222 www.aapcc.org

United States Postal Service (800) 275-8777 www.usps.com

Xfinity (800) 266-2278 www.xfinity.com

Spectrum (844) 509-8921 www.spectrum.com

Dish Network (800) 318-0572 www.dish.com

DIRECT TV (800) 531-5000 www.directtv.com

Colorado Springs Gazette (866) 632-6397 www.gazette.com

Mountain Metro Transit (719) 385-7433 www.coloradosprings.gov/mountainmetro

Colorado Natural Gas (800) 720-8193 www.coloradonaturalgas.com

Colorado Springs Electric (719) 448-4800 www.csu.org/electric-service

Colorado Springs Water (719) 448-4800 www.csu.org

Colorado Springs Sewer (719) 448-4800 www.csu.org

Waste Management Garbage (800) 808-5901 www.wm.com

Waste Connections (719) 591-5000 wasteconnections.com/colorado-springs

Colorado Springs School District 11 (719) 520-2000 www.d11.org

TITLE & ESCROW

CYBER SECURITY

Because of you… we obsess over cyber security!

Cyber fraud and email hacking is on the rise. Fraudsters may access individual email accounts and monitor the life of your transaction. At the time funds are due to the escrow, fraudsters intercept the information for wiring funds and the fraudsters change the information without the knowledge of the sender or recipient, resulting in the funds being sent to an outside account and never credited to the intended party.

To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:

Outgoing Wire from WFG to seller or borrower for proceeds

In the escrow paperwork provided you will be asked to provide written instructions on how you want funds dispersed at the close of escrow. If you choose to have the funds sent via wire transfer, WFG will contact you by phone to conﬁrm the wire information provided.

Incoming Wires from buyer and/or lender to WFG bank account

For funds that are to be wired to WFG for your transaction, we will send speciﬁc wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to conﬁrm the wire instructions prior to remittance.

We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience.

http://national.wfgnationaltitle.com/2016/04/05/obsess-cyber-security/

WIRE FRAUD

PROTECT YOUR MONEY WHEN BUYING A HOME: YOUR WIRE FRAUD CHECKLIST

Every day, hackers try to steal your money by emailing fake wire instructions. Criminals will use a similar email address and steal a logo and other info to make it look like the email came from your real estate agent or title company. You can protect yourself and your money by following the steps below.

Don’t send sensitive ﬁnancial information via email.

Call, don’t email. Conﬁrm your wiring instructions by phone using a known number before transferring funds.

We will never email wiring instructions to you nor change WFG account information after it’s been provided to you by our staﬀ.

Keep your email account clean, remove any stale messages. Hackers can watch your business patterns and use this information against you.

Ask your bank to conﬁrm the name on the account before sending a wire.

Call your title company or real estate agent within four to eight hours to conﬁrm they have received your money.

This is for informational purposes only and should not be considered legal advice.

WHY IS OWNER’S TITLE INSURANCE IMPORTANT?

The purchase of a home is likely going to be one of the most expensive and important purchases you will ever make. You and your mortgage lender want to make sure the property is indeed yours and that no individual or government entity has any right, lien, claim, or encumbrance to your property.

The title insurance company’s function is to make sure your rights and interests to the property are clear, that transfer of title takes place eﬃciently, and correctly, and your interests as a homebuyer are protected. Title insurance companies provide services to buyers, sellers, real estate developers and builders, mortgage lenders, and others who have an interest in the real estate transfer. Title companies issue two types of policies - “Owners Policy” (which covers the homebuyer) and “Lenders Policy” (which covers the bank, savings and loan, or other lending institution over the life of a loan). Both are issued at the time of purchase for a one-time premium.

The title company conducts an extensive search of public records to determine if anyone other than you has an interest in the property before issuing a policy. The search may be performed by title company personnel using either public records, or more likely, information gathered, reorganized, and indexed in the company’s title “plant”. With such a thorough examination of records, title problems can usually be found and cleared up prior to purchase of the property. Once a title policy is issued, if for some reason any claim, which is covered under your title policy, is ever ﬁled against your property, the title company will pay the legal fees involved in defense of your rights as well as any covered loss arising from a valid claim. That protection, which is in eﬀect as long as you or your heirs own the property, is yours for a one-time premium paid at the time of purchase.

The title company works to eliminate risks before they develop. This makes title insurance different from other types of insurance. Most forms of insurance assume risks by providing financial protection through a pooling of risks or losses arising from unforeseen events, like fire, theft, or accident. The purpose of title insurance, on the other hand, is to eliminate risks and prevent losses caused by defects in title that happened in the past. Risks are examined and mitigated before property changes hands. Eliminating risk has benefits to both of you, the home buyer, as well as the title company. It reduces the chance adverse claims might be raised, and by doing so reduces the number of claims that have to be defended or satisfied. This keeps costs down for the title company and your title premiums low. With title insurance you are assured that any valid claim against your property will be taken on by the title company, and that the odds of a claim being filed is slim.

WHAT IS ESCROW

When your oﬀer has been accepted and conveyed, escrow is opened. An escrow is an arrangement made under contract between a buyer and seller. As the neutral third party, escrow is responsible for receiving and disbursing money and/ or documents. Both the buyer and seller expect the escrow agent to carry out their written instructions associated with the transaction and also to advise them if any of their instructions are not being met, or cannot be met. If the instructions from all parties to an escrow are clearly set out, the escrow oﬃcer can proceed on behalf of the buyer and seller without further consultation.

TYPICAL ROLES IN THE CLOSING PROCESS

The Seller/Agent

• Delivers Purchase Sale Agreement to the escrow agent

• Prepares the paperwork necessary to close the transaction

• Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement

The Buyer/Agent

• Deposits funds required to close with the escrow agent

• Executes the paperwork and loan documents necessary to close the transaction

The Lender

• Deposits loan documents to be provided by the buyer

• Deposits the loan funds

• Informs the escrow agent of the conditions under which the loan funds may be used

The Escrow Agent

• Clears Title

• Obtains title insurance

• Obtains payoﬀs and release documents for underlying loans on the property

• Receives funds from the buyer and/or lender

• Prepares vesting document aﬃdavit on seller’s behalf

• Prorates insurance, taxes, rents, etc.

• Prepares a ﬁnal statement (often referred to as the Closing Disclosure or CD) for each party, indicating amounts paid in conjunction with the closing of your transaction

• Forwards deed to the county for recording

• Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties

Escrow is the process that gathers and processes many of the components of a real estate transaction. The escrow agent is a neutral third party acting on behalf of the buyer and seller.

WHAT IS TITLE

Title insurance insures against ﬁnancial loss from defects in title, liens, or other matters. It protects both purchasers and lenders against loss by the issuance of a title insurance policy. Usually, during a purchase transaction the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner’s Policy).

It will protect against lawsuits if the status of the title to a parcel or real property is other than as represented, and if the insured (either the owner or lender) suﬀers a loss as a result of a title defect. The insurer will reimburse the insured for that loss and any related legal expenses.

How is title insurance diﬀerent than other types of insurance?

While the purpose of most other types of insurance is to assume risk through the pooling of monies for losses happening because of unforeseen future events (like sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this, title insurers perform a thorough search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property. These defects/claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage. The policy is issued after the closing of your new home, for a one time nominal fee, and is good for as long as you own the property.

What’s involved in a title search?

A title search is made up of three separate searches:

• Chain of Title – History of the ownership of the subject property

• Lien & Encumbrance Search – Discloses liens and encumbrances on the subject property

• Exceptions from Coverage Search –Includes Easements, Covenants, Conditions and Restrictions, etc.

After the three searches have been completed, the ﬁle is reviewed by an examiner who determines:

• If the Chain of Title shows that the party selling the property has the rights to do so.

• Whether there are any unsatisﬁed judgments on the Judgment and Name Search against the previous owners, sellers, or/and purchasers.

Rights established by judgment decrees, unpaid federal income taxes, and mechanics liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover issues in title that are of public record and therefore allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance.

Once the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title. The buyer, seller, and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination.

WHO PAYS FOR WHAT IN COLORADO

The examples below are typical. However, the real estate purchase agreement will ultimately determine who is paying for what expenses.

The Seller

• Real Estate Commission

• Document preparation fee for Deed

• Payoﬀ of all loans in the seller’s name (or existing loan balance if being assumed by Buyer)

• Interest accrued to lender being paid oﬀ

• Statement Fees, Reconveyance Fees, and any prepayment penalties to Payoﬀ Lender

• Home Warranty (according to contract)

• Any judgments, tax liens, etc. against the seller

• Tax proration (for any taxes unpaid at time of transfer of title)

• Any unpaid Homeowners’ Association dues

• Recording charges to clear documents of record against seller

• Any bonds or assessments (according to contract)

• Any and all delinquent taxes

• Notary Fees

Personal Property vs. Real Property

The Buyer

• Title Insurance Premium for Lender’s Policy

• Escrow Fee (one half)

• Document preparation (if applicable)

• Notary fees

• Recording charges for all documents in Buyers’ names

• Tax proration (from date of acquisition)

• Homeowners’ Association transfer fee

• HOA proration (from date of acquisition)

• All new loan charges (except those required by lender for seller to pay

• Interest on new loan from date of funding to 30 days prior to ﬁrst payment date

• Assumption/Change of Record fees for takeover of existing loan (if applicable)

• Beneﬁciary Statement Fee for assumption of existing loan (if applicable)

• Inspection Fees (rooﬁng, property inspection, geological)

• Home Warranty (according to contract)

• Fire Insurance Premium for ﬁrst year

• Any bonds or assessments (according to contract)

The distinction between personal property and real property can be the source of diﬃculties in a real estate transaction. A purchase contract is normally written to include all real property; that is, all aspects of the property that are fastened down or which are an integral part of the structure. For example, this would include light ﬁxtures, drapery rods, attached mirrors, and trees and shrubs in the ground. It would not include potted plants, free-standing refrigerators, washer/dryer, microwave, bookcases, lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular item is mentioned in the purchase agreement as being included or excluded.

DISCLAIMER:

This information is provided for informational purposes only and no warranties are made.

TITLE VESTING

TENANCY IN SEVERALTY

Ownership of property vested in one person rather than held jointly with another.

JOINT TENANCY WITH RIGHT OF SURVIVORSHIP TENANCY IN COMMON

Parties need not be married; may be more than two persons.

Also called sole tenancy.

The sole owner may use, encumber, rent, sell, and convey at their discretion.

The owner may transfer the property via a Will, Trust, or a Beneﬁciary Deed upon their death.

Each joint tenant holds an equal and undivided interest in the estate, unity of interest.

Upon death, the estate of the decedent must be “cleared” through probate or adjudication.

One joint tenant can partition the property by selling his or her joint interest.

Each joint tenant holds an undivided fractional interest in the estate. May be disproportionate interest e.g. 20% and 80%; 40% and 60%; etc.

Each tenant’s share can be conveyed, mortgaged, or devised to a third party.

Requires signatures of all joint tenants to convey or encumber the whole.

Requires signatures of all to convey or encumber the whole.

Estate passes to surviving joint tenants outside of probate.

No court action required to “clear” title upon the death of joint tenant(s).

Upon death, the tenant’s proportionate share passes to his or her heirs by will or intestacy.

Upon death, the estate of the decedent must be “cleared” through probate or adjudication.

DISCLAIMER – The foregoing contains informational examples only and is not to be construed as legal advice. Given the complexities involved in acquiring and holding legal title to real property, WFG strongly recommends that you seek legal advice from an attorney prior to doing so.

55 Madison Street, Suite 690

Denver, CO 80206 (720) 475-8325

NORTH

12050 N Pescos Street, Suite 110 Westminster, CO 80234 (720) 475-8350

8610 Explorer Drive, Suite 105

Colorado Springs, CO 80920 (719) 598-5355

7800 E Union Avenue, Suite 310 Denver, CO 80237 (720) 475-8300

3. DENVER TECH CENTER / COMMERCIAL

METRO OFFICE

2. COLORADO SPRINGS OFFICE

1. CHERRY CREEK OFFICE

Altos Market Report

WFG’s My Home

Talking House Tent Cards

CC&R’s (if applicable)

Notes

The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.

THINGS TO REMEMBER

reports@wfgnationaltitle.com

This week the median list price for Colorado Springs, CO 80919 is $750,000 with the market action index hovering around 45 This is less than last month's market action index of 46 Inventory has increased to 57

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory

Colorado

Real-Time Market Profile

List Price

Price of New Listings

Market Narrative

The market has been cooling over time and prices have recently flattened Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available) If the MAI begins to climb, prices will likely follow suit If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price

Strong Seller's Market

Median List Price

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Segments

In the quartile market segments, we see the upper-half of the market (Quartiles 1 and 2) in this zip code relatively flat recently while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the Market Action Index Quartile breakdown for a leading indicator on which group will lead the market in the near future.

Price Per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-Day

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Market Action Index

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.

Median Days on Market (DOM)

The properties have been on the market for an average of 85 days. Half of the listings have come newly on the market in the past 40 or so days. Watch the 90-day DOM trend for signals of a changing market.

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.