GREATER METROPOLITAN DENVER HOMES SOLD FOR $500,000 OR GREATER FEBRUARY, 2013

Market Metrics: Two Hundred Forty Seven homes closed in February, 2013 for $500,000 or greater with a closed dollar volume of $180.7 Million Monthly Market Recap: . Single Family: Active Inventory is 1,850 homes at month end Sold homes is 232 Average Sold Price is $733,847 Median Sold Price is $626,950 Average Price per Square Foot is $254

Condo: Active Inventory is 191 homes at month end Sold homes is 15 Average Sold Price is $698,363 Median Sold Price is $639,900 Average Price per Square Foot is $323

For Single Family, the top five counties were Denver, Douglas, Jefferson, Arapahoe, and Boulder. For Condo, the top county was Denver. Of the 232 Single Family homes sold, the highest priced closing for the month was $2.9Million representing 6 Bedrooms, 9 Baths, and 5,451 square feet. February Year-to-Date Market Recap (2013 versus 2012): Single Family: Active Inventory 1,850 versus 2,329 (21%) Sold Units 464 versus 356 (30%) Sales Volume $343M versus $279M (23%) Average Sold Price $740K versus $785K (6%) Condos: Active Inventory 191 versus 250 (24%) Sold Units 31 versus 22 (41%) Sales Volume $22.1M versus $19.8M (12%) Average Sold Price $713K versus $901K (21%)

Of the 464 Single Family homes sold year to date, the highest priced closing for the year was $4.1 Million representing 7 bedrooms, 8 bathrooms, and 7,042 square feet. Of the 31 Condo homes sold year to date, the highest priced closing for the year was $1.295 Million representing 2 bedrooms, 3 bathrooms, and 4,078 square feet.

Notes: The above representation covers an eleven (11) county area including the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. The above representation may or may not reflect all real estate activity in the market. Source: Metrolist, Inc. 2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed