Market Dynamics

Prepared For

GBRMLS Area 53 , Baton Rouge LA 70810

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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09/16/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Aug-11 vs. Aug-12: The median sold price is up 5%

Aug-11 vs. Aug-12

Aug-11 211,525
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 222,750
All Construction Type:

Change 11,225
All Bedrooms: All

% +5%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Aug-11 vs. Aug-12: The median sold price is up 5%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

Median Price 222,750 218,800 216,500 241,841 212,255 196,000 274,000 215,275 234,000 210,000 267,312 229,996 211,525

# Units 56 68 69 70 37 39 40 35 43 39 38 45 65

Average DOM 130 80 86 81 113 103 111 102 112 90 92 67 95

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Aug-11 vs. Aug-12: The median price of for sale properties is up 0% and the median price of sold properties is up 5%

Aug-11 vs. Aug-12

Aug-11 221,500
MLS: GBRAR Property Types: MLS Area:

Aug-11 vs. Aug-12

% +0%
All Construction Type: All Bedrooms:

Aug-12 222,285
Period: 1 year (monthly)

Change 785
Price:

Aug-11 211,525
All

Aug-12 222,750
Bathrooms: All

Change 11,225
Lot Size: All Sq Ft: All

% +5%

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Aug-11 vs. Aug-12: The median price of for sale properties is up 0% and the median price of sold properties is up 5%
For Sale Median 222,285 230,000 219,000 219,450 219,900 216,925 217,800 219,900 217,658 221,500 224,900 229,000 221,500 # Properties For Sale 384 413 409 432 429 415 368 378 392 407 439 437 433 Sold Median 222,750 218,800 216,500 241,841 212,255 196,000 274,000 215,275 234,000 210,000 267,312 229,996 211,525 # Properties Sold 56 68 69 70 37 39 40 35 43 39 38 45 65 Price Difference 465 -11,200 -2,500 22,391 -7,645 -20,925 56,200 -4,625 16,343 -11,500 42,412 996 -9,975

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Aug-11 vs. Aug-12: The number of Sold properties is down 14%

Aug-11 vs. Aug-12

Aug-11 65
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 56
All Construction Type:

Change -9
All Bedrooms: All

% -14%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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09/16/2012

6 of 21

William Cobb

Accurate Valuations Group

Sold Properties by Month

Aug-11 vs. Aug-12: The number of Sold properties is down 14%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

# Properties 56 68 69 70 37 39 40 35 43 39 38 45 65

Median Price 222,750 218,800 216,500 241,841 212,255 196,000 274,000 215,275 234,000 210,000 267,312 229,996 211,525

Average DOM 130 80 86 81 113 103 111 102 112 90 92 67 95

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Aug-11 vs. Aug-12: The number of Under Contract properties is up 15%

Aug-11 vs. Aug-12

Aug-11 47
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 54
All Construction Type:

Change 7
All Bedrooms: All

% +15%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Aug-11 vs. Aug-12: The number of Under Contract properties is up 15%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

# Properties 54 74 57 67 69 50 41 41 35 38 39 40 47

Median Price 210,950 275,400 220,000 215,000 239,000 224,250 229,900 229,900 215,653 232,450 230,000 281,738 230,000

Average DOM 99 101 112 90 75 82 149 107 88 99 85 93 83

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

New Properties by Month

Aug-11 vs. Aug-12: The number of New properties is up 13%

Aug-11 vs. Aug-12

Aug-11 69
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 78
All Construction Type:

Change 9
All Bedrooms: All

% +13%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

New Properties by Month

Aug-11 vs. Aug-12: The number of New properties is up 13%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

# Properties 78 92 77 98 88 111 54 66 47 45 72 86 69

Median Price 219,950 254,200 255,000 222,450 236,112 219,000 218,300 216,925 200,000 204,900 219,000 259,950 192,500

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Aug-11 vs. Aug-12: The number of For Sale properties is down 11%

Aug-11 vs. Aug-12

Aug-11 433
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 384
All Construction Type:

Change -49
All Bedrooms: All

% -11%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

1 of 2
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09/16/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Aug-11 vs. Aug-12: The number of For Sale properties is down 11%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

# Properties 384 413 409 432 429 415 368 378 392 407 439 437 433

Median Price 222,285 230,000 219,000 219,450 219,900 216,925 217,800 219,900 217,658 221,500 224,900 229,000 221,500

Average DOM 147 145 153 152 158 163 182 176 183 171 159 151 151

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Aug-11 vs. Aug-12: The number of Expired properties is down 34%

Aug-11 vs. Aug-12

Aug-11 35
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 23
All Construction Type:

Change -12
All Bedrooms: All

% -34%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

1 of 2
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09/16/2012

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Aug-11 vs. Aug-12: The number of Expired properties is down 34%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

# Properties 23 32 32 33 26 24 23 23 45 24 38 30 35

Median Price 215,000 219,900 205,700 360,000 182,450 191,950 214,000 225,000 185,000 262,450 210,500 268,400 265,000

Average DOM 128 187 190 212 281 230 157 172 270 182 193 140 177

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Aug-11 vs. Aug-12: The number of for sale properties is down 11% and the number of sold properties is down 14%

Aug-11 vs. Aug-12

Aug-11 433
MLS: GBRAR Property Types: MLS Area:

Aug-11 vs. Aug-12

% -11%
All Construction Type: All Bedrooms:

Aug-12 384
Period: 1 year (monthly)

Change -49
Price:

Aug-11 65
All

Aug-12 56
Bathrooms: All

Change -9
Lot Size: All Sq Ft: All

% -14%

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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09/16/2012

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Aug-11 vs. Aug-12: The number of for sale properties is down 11% and the number of sold properties is down 14%
# Properties For Sale 384 413 409 432 429 415 368 378 392 407 439 437 433 Average DOM For Sale 147 145 153 152 158 163 182 176 183 171 159 151 151 # Properties Sold 56 68 69 70 37 39 40 35 43 39 38 45 65 Average DOM Sold 130 80 86 81 113 103 111 102 112 90 92 67 95

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Aug-11 vs. Aug-12: The average days on market is up 19%

Aug-11 vs. Aug-12

Aug-11 83
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 99
All Construction Type:

Change 16
All Bedrooms: All

% +19%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

1 of 2
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09/16/2012

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Aug-11 vs. Aug-12: The average days on market is up 19%

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

Average DOM 99 101 112 90 75 82 149 107 88 99 85 93 83

# UC Units 54 74 57 67 69 50 41 41 35 38 39 40 47

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Aug-11 vs. Aug-12: The average months supply of inventory is down 24%

Aug-11 vs. Aug-12

Aug-11 7.5
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 5.7
All Construction Type:

Change -1.8
All Bedrooms: All

% -24%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF) EBR MLS AREA 53

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Aug-11 vs. Aug-12: The average months supply of inventory is down 24%
# Units For Sale Last Day of Month 307 308 323 332 335 341 304 314 312 345 362 367 351 # UC Units During Month 54 74 57 67 69 50 41 41 35 38 39 40 47 UC Average DOM 99 101 112 90 75 82 149 107 88 99 85 93 83

Time Period Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11

MSI 5.7 4.2 5.7 5.0 4.9 6.8 7.4 7.7 8.9 9.1 9.3 9.2 7.5

Clarus MarketMetrics

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