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Market Dynamics

Prepared For

EBRP 3/2012 vs 3/2013, East Baton Rouge ALL EBRP

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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04/17/2013

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


Mar-12 vs. Mar-13: The median sold price is up 5%

Mar-12 vs. Mar-13


Mar-12 164,000
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price:

Mar-13 171,500
All Construction Type:

Change 7,500
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


Mar-12 vs. Mar-13: The median sold price is up 5%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

Median Price 171,500 170,000 165,000 165,000 172,500 172,250 178,500 175,000 175,000 174,706 170,000 160,700 164,000

# Units 414 279 263 294 343 363 344 352 411 439 438 350 367

Average DOM 91 109 108 87 97 94 104 98 87 84 93 99 106

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Mar-12 vs. Mar-13: The median price of for sale properties is up 3% and the median price of sold properties is up 5%

Mar-12 vs. Mar-13


Mar-12 163,647
MLS: GBRAR Property Types: County:

Mar-12 vs. Mar-13


% +3%
All Construction Type: All Bedrooms:

Mar-13 168,000
Period: 1 year (monthly)

Change 4,353
Price:

Mar-12 164,000
All

Mar-13 171,500
Bathrooms: All

Change 7,500
Lot Size: All Sq Ft: All

% +5%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Mar-12 vs. Mar-13: The median price of for sale properties is up 3% and the median price of sold properties is up 5%
For Sale Median 168,000 164,900 161,900 159,000 159,900 162,000 161,950 165,000 166,000 168,250 167,500 165,000 163,647 # Properties For Sale 3,030 2,915 2,887 2,770 2,958 3,136 3,108 3,209 3,337 3,338 3,303 3,245 3,193 Sold Median 171,500 170,000 165,000 165,000 172,500 172,250 178,500 175,000 175,000 174,706 170,000 160,700 164,000 # Properties Sold 414 279 263 294 343 363 344 352 411 439 438 350 367 Price Difference 3,500 5,100 3,100 6,000 12,600 10,250 16,550 10,000 9,000 6,456 2,500 -4,300 353

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Mar-12 vs. Mar-13: The number of Sold properties is up 13%

Mar-12 vs. Mar-13


Mar-12 367
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 414
Construction Type:

Change 47
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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04/17/2013

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Mar-12 vs. Mar-13: The number of Sold properties is up 13%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

# Properties 414 279 263 294 343 363 344 352 411 439 438 350 367

Median Price 171,500 170,000 165,000 165,000 172,500 172,250 178,500 175,000 175,000 174,706 170,000 160,700 164,000

Average DOM 91 109 108 87 97 94 104 98 87 84 93 99 106

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Mar-12 vs. Mar-13: The number of Under Contract properties is up 26%

Mar-12 vs. Mar-13


Mar-12 412
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 519
Construction Type:

Change 107
All Bedrooms: All

% +26%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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04/17/2013

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Mar-12 vs. Mar-13: The number of Under Contract properties is up 26%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

# Properties 519 398 330 276 302 353 323 317 424 388 444 450 412

Median Price 178,000 174,700 179,700 158,700 169,900 175,000 179,900 176,900 185,000 178,750 179,900 174,900 173,200

Average DOM 94 97 118 102 102 91 91 106 93 86 94 98 97

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month


Mar-12 vs. Mar-13: The number of New properties is down 1%

Mar-12 vs. Mar-13


Mar-12 679
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 675
Construction Type:

Change -4
All Bedrooms: All

% -1%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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04/17/2013

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William Cobb

Accurate Valuations Group

New Properties by Month


Mar-12 vs. Mar-13: The number of New properties is down 1%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

# Properties 675 593 664 337 440 601 487 572 669 699 693 676 679

Median Price 179,000 174,900 174,000 149,900 158,000 165,000 158,000 169,450 173,900 175,000 170,000 169,900 163,900

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


Mar-12 vs. Mar-13: The number of For Sale properties is down 5%

Mar-12 vs. Mar-13


Mar-12 3,193
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 3,030
Construction Type:

Change -163
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

1 of 2
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04/17/2013

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


Mar-12 vs. Mar-13: The number of For Sale properties is down 5%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

# Properties 3,030 2,915 2,887 2,770 2,958 3,136 3,108 3,209 3,337 3,338 3,303 3,245 3,193

Median Price 168,000 164,900 161,900 159,000 159,900 162,000 161,950 165,000 166,000 168,250 167,500 165,000 163,647

Average DOM 146 150 158 171 158 152 152 155 153 157 160 162 165

Clarus MarketMetrics

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04/17/2013

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William Cobb

Accurate Valuations Group

Expired Properties by Month


Mar-12 vs. Mar-13: The number of Expired properties is down 15%

Mar-12 vs. Mar-13


Mar-12 214
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 182
Construction Type:

Change -32
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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04/17/2013

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William Cobb

Accurate Valuations Group

Expired Properties by Month


Mar-12 vs. Mar-13: The number of Expired properties is down 15%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

# Properties 182 162 235 271 223 265 250 271 275 278 221 185 214

Median Price 149,950 148,900 153,900 155,000 156,900 159,500 149,900 162,500 160,000 169,000 164,900 139,900 147,450

Average DOM 201 194 196 224 171 197 188 258 215 234 188 198 197

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Mar-12 vs. Mar-13: The number of for sale properties is down 5% and the number of sold properties is up 13%

Mar-12 vs. Mar-13


Mar-12 3,193
MLS: GBRAR Property Types: County:

Mar-12 vs. Mar-13


% -5%
All Construction Type: All Bedrooms:

Mar-13 3,030
Period: 1 year (monthly)

Change -163
Price:

Mar-12 367
All

Mar-13 414
Bathrooms: All

Change 47
Lot Size: All Sq Ft: All

% +13%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Mar-12 vs. Mar-13: The number of for sale properties is down 5% and the number of sold properties is up 13%
# Properties For Sale 3,030 2,915 2,887 2,770 2,958 3,136 3,108 3,209 3,337 3,338 3,303 3,245 3,193 Average DOM For Sale 146 150 158 171 158 152 152 155 153 157 160 162 165 # Properties Sold 414 279 263 294 343 363 344 352 411 439 438 350 367 Average DOM Sold 91 109 108 87 97 94 104 98 87 84 93 99 106

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Mar-12 vs. Mar-13: The average days on market is down 3%

Mar-12 vs. Mar-13


Mar-12 97
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 94
Construction Type:

Change -3
All Bedrooms: All

% -3%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

1 of 2
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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Mar-12 vs. Mar-13: The average days on market is down 3%

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

Average DOM 94 97 118 102 102 91 91 106 93 86 94 98 97

# UC Units 519 398 330 276 302 353 323 317 424 388 444 450 412

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Mar-12 vs. Mar-13: The average months supply of inventory is down 28%

Mar-12 vs. Mar-13


Mar-12 6.2
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Mar-13 4.5
Construction Type:

Change -1.7
All Bedrooms: All

% -28%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Mar-12 vs. Mar-13: The average months supply of inventory is down 28%
# Units For Sale Last Day of Month 2,329 2,355 2,322 2,223 2,433 2,518 2,535 2,621 2,639 2,677 2,642 2,614 2,569 # UC Units During Month 519 398 330 276 302 353 323 317 424 388 444 450 412 UC Average DOM 94 97 118 102 102 91 91 106 93 86 94 98 97

Time Period Mar-13 Feb-13 Jan-13 Dec-12 Nov-12 Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12

MSI 4.5 5.9 7.0 8.1 8.1 7.1 7.8 8.3 6.2 6.9 6.0 5.8 6.2

Clarus MarketMetrics

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