Market Dynamics

Prepared For

Denham Springs Home Sales, Denham Springs, LA 70726+

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 9%

Aug-11 vs. Aug-12

Aug-11 147,000
MLS: GBRAR Property Types: City: Period: 1 year (monthly) Price:

Aug-12 159,900
All Construction Type:

Change 12,900
All Bedrooms: All

% +9%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

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 9%

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 159,900 142,150 147,400 152,000 148,250 143,000 139,900 132,200 134,500 146,000 152,000 137,900 147,000

# Units 73 72 104 80 72 69 64 59 51 47 53 85 67

Average DOM 105 76 113 98 94 93 104 105 94 92 90 89 107

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 4% and the median price of sold properties is up 9%

Aug-11 vs. Aug-12

Aug-11 154,200
MLS: GBRAR Property Types: City:

Aug-11 vs. Aug-12

% +4%
All Construction Type: All Bedrooms:

Aug-12 159,900
Period: 1 year (monthly)

Change 5,700
Price:

Aug-11 147,000
All

Aug-12 159,900
Bathrooms: All

Change 12,900
Lot Size: All Sq Ft: All

% +9%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

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 4% and the median price of sold properties is up 9%
For Sale Median 159,900 158,950 155,320 156,900 158,900 158,900 157,000 156,250 154,900 154,900 154,900 154,500 154,200 # Properties For Sale 593 620 611 639 639 637 635 624 615 635 661 616 659 Sold Median 159,900 142,150 147,400 152,000 148,250 143,000 139,900 132,200 134,500 146,000 152,000 137,900 147,000 # Properties Sold 73 72 104 80 72 69 64 59 51 47 53 85 67 Price Difference 0 -16,800 -7,920 -4,900 -10,650 -15,900 -17,100 -24,050 -20,400 -8,900 -2,900 -16,600 -7,200

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

Sold Properties by Month

Aug-11 vs. Aug-12: The number of Sold properties is up 9%

Aug-11 vs. Aug-12

Aug-11 67
MLS: GBRAR Property Types: City: Period: 1 year (monthly) Price:

Aug-12 73
All Construction Type:

Change 6
All Bedrooms: All

% +9%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

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 up 9%

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 73 72 104 80 72 69 64 59 51 47 53 85 67

Median Price 159,900 142,150 147,400 152,000 148,250 143,000 139,900 132,200 134,500 146,000 152,000 137,900 147,000

Average DOM 105 76 113 98 94 93 104 105 94 92 90 89 107

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 has not changed

Aug-11 vs. Aug-12

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

Aug-12 83
All Construction Type:

Change 0
All Bedrooms: All

% 0%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

Clarus MarketMetrics

1 of 2
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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 has not changed

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 83 92 90 89 89 80 91 61 49 61 63 66 83

Median Price 154,900 136,700 147,450 154,900 160,600 149,900 153,000 136,000 131,700 138,750 139,900 151,600 149,900

Average DOM 95 120 101 102 87 80 97 108 119 89 99 88 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 down 16%

Aug-11 vs. Aug-12

Aug-11 123
MLS: GBRAR Property Types: City: Period: 1 year (monthly) Price:

Aug-12 103
All Construction Type:

Change -20
All Bedrooms: All

% -16%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

Clarus MarketMetrics

1 of 2
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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 down 16%

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 103 131 109 128 114 125 118 116 78 89 164 103 123

Median Price 153,500 158,900 146,900 152,600 154,450 149,900 162,200 154,950 147,750 139,200 157,450 149,900 154,900

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 10%

Aug-11 vs. Aug-12

Aug-11 659
MLS: GBRAR Property Types: City: Period: 1 year (monthly) Price:

Aug-12 593
All Construction Type:

Change -66
All Bedrooms: All

% -10%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

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 10%

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 593 620 611 639 639 637 635 624 615 635 661 616 659

Median Price 159,900 158,950 155,320 156,900 158,900 158,900 157,000 156,250 154,900 154,900 154,900 154,500 154,200

Average DOM 151 151 153 149 147 144 140 140 142 129 120 125 120

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 32%

Aug-11 vs. Aug-12

Aug-11 63
MLS: GBRAR Property Types: City: Period: 1 year (monthly) Price:

Aug-12 43
All Construction Type:

Change -20
All Bedrooms: All

% -32%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

Clarus MarketMetrics

1 of 2
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09/16/2012

14 of 21

William Cobb

Accurate Valuations Group

Expired Properties by Month

Aug-11 vs. Aug-12: The number of Expired properties is down 32%

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 43 38 32 48 39 32 32 46 58 37 52 53 63

Median Price 164,900 182,400 149,900 138,550 168,000 154,500 152,400 181,800 154,950 159,900 149,900 165,000 159,900

Average DOM 195 206 209 156 179 208 157 154 168 160 155 148 171

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 10% and the number of sold properties is up 9%

Aug-11 vs. Aug-12

Aug-11 659
MLS: GBRAR Property Types: City:

Aug-11 vs. Aug-12

% -10%
All Construction Type: All Bedrooms:

Aug-12 593
Period: 1 year (monthly)

Change -66
Price:

Aug-11 67
All

Aug-12 73
Bathrooms: All

Change 6
Lot Size: All Sq Ft: All

% +9%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

Clarus MarketMetrics

1 of 2
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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 10% and the number of sold properties is up 9%
# Properties For Sale 593 620 611 639 639 637 635 624 615 635 661 616 659 Average DOM For Sale 151 151 153 149 147 144 140 140 142 129 120 125 120 # Properties Sold 73 72 104 80 72 69 64 59 51 47 53 85 67 Average DOM Sold 105 76 113 98 94 93 104 105 94 92 90 89 107

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 15%

Aug-11 vs. Aug-12

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

Aug-12 95
All Construction Type:

Change 13
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

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 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

Average DOM 95 120 101 102 87 80 97 108 119 89 99 88 83

# UC Units 83 92 90 89 89 80 91 61 49 61 63 66 83

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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 9%

Aug-11 vs. Aug-12

Aug-11 6.2
MLS: GBRAR Property Types: City: Period: 1 year (monthly) Price:

Aug-12 5.6
All Construction Type:

Change -0.6
All Bedrooms: All

% -9%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) Denham Springs

Clarus MarketMetrics

1 of 2
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09/16/2012

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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 9%
# Units For Sale Last Day of Month 467 491 490 504 512 526 512 517 508 537 546 497 513 # UC Units During Month 83 92 90 89 89 80 91 61 49 61 63 66 83 UC Average DOM 95 120 101 102 87 80 97 108 119 89 99 88 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 5.6 5.3 5.4 5.7 5.8 6.6 5.6 8.5 10.4 8.8 8.7 7.5 6.2

Clarus MarketMetrics

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