Market Dynamics

Prepared For

Summerfld, Denham Springs, Baton Rouge, LA 70726

William Cobb Accurate Valuations Group

Clarus MarketMetrics
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

01/25/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 0
Construction Type:

Change 0
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

2 of 21

William Cobb

Accurate Valuations Group

Median Sold Price by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

Median Price 178,000 175,000 197,750 152,000 168,000

# Units 0 1 0 1 0 1 1 1 0 0 0 0 0

Average DOM 7 77 78 99 102

Clarus MarketMetrics

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01/25/2012

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Dec-10 vs. Dec-11: The median price of for sale properties is up 16% and the percent change in the median price of sold

Dec-10 vs. Dec-11

Dec-10 179,900
MLS: GBRAR Property Types: Subdivision:

Dec-10 vs. Dec-11

% +16%
All Construction Type: All Bedrooms:

Dec-11 207,900
Period: 1 year (monthly)

Change 28,000
Price:

Dec-10 0
All

Dec-11 0
Bathrooms: All

Change 0
Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

4 of 21

William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Dec-10 vs. Dec-11: The median price of for sale properties is up 16% and the percent change in the median price of sold
For Sale Median 207,900 194,900 214,900 194,900 199,500 207,200 199,500 199,500 199,500 199,500 178,900 178,900 179,900 # Properties For Sale 3 3 3 3 3 4 5 6 5 5 3 3 1 197,750 152,000 168,000 175,000 178,000 Sold Median # Properties Sold 0 1 0 1 0 1 1 1 0 0 0 0 0 -9,450 -47,500 -31,500 -19,900 -16,900 Price Difference

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

Clarus MarketMetrics

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01/25/2012

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 0
Construction Type:

Change 0
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

6 of 21

William Cobb

Accurate Valuations Group

Sold Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 0 1 0 1 0 1 1 1 0 0 0 0 0

Median Price 178,000 175,000 197,750 152,000 168,000

Average DOM 7 77 78 99 102

Clarus MarketMetrics

2 of 2
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01/25/2012

7 of 21

William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 1
Construction Type:

Change 1
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

01/25/2012

8 of 21

William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 1 1 0 1 0 0 1 2 0 0 0 0 0

Median Price 194,900 179,900 176,500

Average DOM 93 7 77

199,500 169,900

78 100

Clarus MarketMetrics

2 of 2
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01/25/2012

9 of 21

William Cobb

Accurate Valuations Group

New Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 1
Construction Type:

Change 1
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

10 of 21

William Cobb

Accurate Valuations Group

New Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 1 1 1 1 0 0 1 1 0 2 1 2 0

Median Price 207,900 179,900 219,900 194,900

176,500 199,500 234,250 214,900 169,900

Clarus MarketMetrics

2 of 2
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01/25/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Dec-10 vs. Dec-11: The number of For Sale properties is up 200%

Dec-10 vs. Dec-11

Dec-10 1
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 3
Construction Type:

Change 2
All Bedrooms: All

% +200%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

12 of 21

William Cobb

Accurate Valuations Group

For Sale Properties by Month

Dec-10 vs. Dec-11: The number of For Sale properties is up 200%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 3 3 3 3 3 4 5 6 5 5 3 3 1

Median Price 207,900 194,900 214,900 194,900 199,500 207,200 199,500 199,500 199,500 199,500 178,900 178,900 179,900

Average DOM 59 40 104 107 126 103 78 80 75 45 33 66 163

Clarus MarketMetrics

2 of 2
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01/25/2012

13 of 21

William Cobb

Accurate Valuations Group

Expired Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 0
Construction Type:

Change 0
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

14 of 21

William Cobb

Accurate Valuations Group

Expired Properties by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 0 0 1 0 1 1 0 0 0 0 0 1 0

Median Price

Average DOM

214,900 199,500 269,000

260 93 126

179,900

199

Clarus MarketMetrics

2 of 2
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01/25/2012

15 of 21

William Cobb

Accurate Valuations Group

Supply & Demand by Month

Dec-10 vs. Dec-11: The number of for sale properties is up 200% and the percent change in the number of sold properties is

Dec-10 vs. Dec-11

Dec-10 1
MLS: GBRAR Property Types: Subdivision:

Dec-10 vs. Dec-11

% +200%
All Construction Type: All Bedrooms:

Dec-11 3
Period: 1 year (monthly)

Change 2
Price:

Dec-10 0
All

Dec-11 0
Bathrooms: All

Change 0
Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

01/25/2012

16 of 21

William Cobb

Accurate Valuations Group

Supply & Demand by Month

Dec-10 vs. Dec-11: The number of for sale properties is up 200% and the percent change in the number of sold properties is
# Properties For Sale 3 3 3 3 3 4 5 6 5 5 3 3 1 Average DOM For Sale 59 40 104 107 126 103 78 80 75 45 33 66 163 # Properties Sold 0 1 0 1 0 1 1 1 0 0 0 0 0 78 99 102 77 7 Average DOM Sold

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

Clarus MarketMetrics

2 of 2
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01/25/2012

17 of 21

William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 93
Construction Type:

Change 93
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

18 of 21

William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Dec-10 vs. Dec-11: The percent change calculation is N/A

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

Average DOM 93 7 77

# UC Units 1 1 0 1 0 0

78 100

1 2 0 0 0 0 0

Clarus MarketMetrics

2 of 2
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01/25/2012

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Dec-10 vs. Dec-11: The percent change calculation is N/A

Dec-10 vs. Dec-11

Dec-10 0.0
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 2.0
Construction Type:

Change 2.0
All Bedrooms: All

Bathrooms:

All

Lot Size: All Sq Ft: All

Residential: (Detached Single Family) Summerfield Subd

Clarus MarketMetrics

1 of 2
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01/25/2012

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Dec-10 vs. Dec-11: The percent change calculation is N/A
# Units For Sale Last Day of Month 2 2 2 2 2 3 4 4 5 5 3 2 1 # UC Units During Month 1 1 0 1 0 0 1 2 0 0 0 0 0 4.0 2.0 78 100 2.0 77 UC Average DOM 93 7

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

MSI 2.0 2.0

Clarus MarketMetrics

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01/25/2012

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