Alameda Market Data—2009 Q3

Residential Sales Data from July 1st thru September 30th 2009

Market Analysis —Alameda’s 2009 Q3 market composition reflected the strong

demand for sub $600k properties, representing 61% of the market, up 10% from
2008 Q3. Median Price is down 7% but total sales for the quarter are up slightly
from last year. Two consecutive quarters of strong sales of 1-2 bedroom detached
homes might be a sign that this segment of the market has stabilized. Overall,
Alameda ended the quarter with a record high Pendings in September at over 70.

2008 Q3 Market Price 2009 Q3 Market Price

Composition $600K- Composition $600K-
$900K $900K
39% 35%

$900K+
$900K+ 4%
9%
$300K- $0-
$600K $0- $300K- $300K
46% $300K $600K 10%
6% 51%

Median Sold Price # Sold MSI % List Pr to Sold Pr

3Q ’08 3Q ‘09 % Chg 3Q ’08 3Q ‘09 3Q ’08 3Q ’09 3Q ’08 3rQ ‘09

1-2 Bed Res DET $567,000 $509,000 -10% 29 28 3 2 98% 100%

3+ Bed Res DET $708,000 $681,000 -4% 67 64 5.5 2.7 98% 98%

Condos/THomes $473,000 $419,000 -11% 33 43 4.9 1.9 98% 99%

Overall $600,000 $560,000 -7% 129 135 4.2 2.2 98% 98%

# For Sale # of Pending

250 80
70
200
60

150 50
40
100 30
20
50
10
0 0
Oct Dec Feb April June Aug Oct Dec Feb April June Aug

Disclaimer: Data is not guaranteed to be accurate but is derived from verifiable sources, EBRD and Terradatum.