East Baton Rouge Home Sales October 2011 Versus October 2012 Existing Homes Resales | Real Estate | Property

Market Dynamics

Prepared For

EBRP 10/2011 vs 10/2012, Louisiana ALL EBRP

William Cobb Accurate Valuations Group

Clarus MarketMetrics®
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11/16/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month
Oct-11 vs. Oct-12: The median sold price is down 2%

Oct-11 vs. Oct-12
Oct-11 157,900
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Oct-12 155,000
All Construction Type:

Change -2,900
Resale Bedrooms: All

% -2%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

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William Cobb

Accurate Valuations Group

Median Sold Price by Month
Oct-11 vs. Oct-12: The median sold price is down 2%

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

Median Price 155,000 165,000 167,500 166,450 161,000 164,078 152,500 152,750 154,163 149,000 150,000 144,000 157,900

# Units 305 296 294 356 385 386 311 336 232 185 235 229 247

Average DOM 89 97 95 83 80 91 91 104 104 98 91 102 107

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold
Oct-11 vs. Oct-12: The median price of for sale properties is down 1% and the median price of sold properties is down 2%

Oct-11 vs. Oct-12
Oct-11 153,850
MLS: GBRAR Property Types: MLS Area:

Oct-11 vs. Oct-12
% -1%
All Construction Type: Resale Bedrooms:

Oct-12 152,000
Period: 1 year (monthly)

Change -1,850
Price:

Oct-11 157,900
All

Oct-12 155,000
Bathrooms: All

Change -2,900
Lot Size: All Sq Ft: All

% -2%

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

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11/16/2012

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold
Oct-11 vs. Oct-12: The median price of for sale properties is down 1% and the median price of sold properties is down 2%
For Sale Median 152,000 152,900 154,950 156,700 159,000 159,000 155,000 153,000 151,250 150,900 150,000 150,000 153,850 # Properties For Sale 2,678 2,697 2,778 2,866 2,867 2,848 2,799 2,738 2,610 2,601 2,594 2,708 2,848 Sold Median 155,000 165,000 167,500 166,450 161,000 164,078 152,500 152,750 154,163 149,000 150,000 144,000 157,900 # Properties Sold 305 296 294 356 385 386 311 336 232 185 235 229 247 Price Difference 3,000 12,100 12,550 9,750 2,000 5,078 -2,500 -250 2,913 -1,900 0 -6,000 4,050

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

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William Cobb

Accurate Valuations Group

Sold Properties by Month
Oct-11 vs. Oct-12: The number of Sold properties is up 23%

Oct-11 vs. Oct-12
Oct-11 247
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 305
Construction Type:

Change 58
Resale Bedrooms: All

% +23%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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11/16/2012

6 of 21

William Cobb

Accurate Valuations Group

Sold Properties by Month
Oct-11 vs. Oct-12: The number of Sold properties is up 23%

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

# Properties 305 296 294 356 385 386 311 336 232 185 235 229 247

Median Price 155,000 165,000 167,500 166,450 161,000 164,078 152,500 152,750 154,163 149,000 150,000 144,000 157,900

Average DOM 89 97 95 83 80 91 91 104 104 98 91 102 107

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11/16/2012

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month
Oct-11 vs. Oct-12: The number of Under Contract properties is up 37%

Oct-11 vs. Oct-12
Oct-11 251
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 345
Construction Type:

Change 94
Resale Bedrooms: All

% +37%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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11/16/2012

8 of 21

William Cobb

Accurate Valuations Group

Under Contract Properties by Month
Oct-11 vs. Oct-12: The number of Under Contract properties is up 37%

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

# Properties 345 293 282 354 339 384 386 357 319 253 201 220 251

Median Price 145,000 169,900 159,900 175,950 169,900 165,250 162,700 161,000 158,000 149,900 149,000 159,900 159,900

Average DOM 84 90 101 93 85 93 98 90 101 115 96 90 95

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William Cobb

Accurate Valuations Group

New Properties by Month
Oct-11 vs. Oct-12: The number of New properties is up 3%

Oct-11 vs. Oct-12
Oct-11 489
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 502
Construction Type:

Change 13
Resale Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

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11/16/2012

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William Cobb

Accurate Valuations Group

New Properties by Month
Oct-11 vs. Oct-12: The number of New properties is up 3%

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

# Properties 502 446 509 581 613 610 613 618 467 484 322 379 489

Median Price 159,900 149,250 164,900 159,999 164,900 163,000 165,000 159,900 150,000 154,450 149,900 154,500 145,000

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11/16/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month
Oct-11 vs. Oct-12: The number of For Sale properties is down 6%

Oct-11 vs. Oct-12
Oct-11 2,848
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 2,678
Construction Type:

Change -170
Resale Bedrooms: All

% -6%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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11/16/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month
Oct-11 vs. Oct-12: The number of For Sale properties is down 6%

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

# Properties 2,678 2,697 2,778 2,866 2,867 2,848 2,799 2,738 2,610 2,601 2,594 2,708 2,848

Median Price 152,000 152,900 154,950 156,700 159,000 159,000 155,000 153,000 151,250 150,900 150,000 150,000 153,850

Average DOM 140 138 142 139 142 145 148 153 159 161 166 155 149

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William Cobb

Accurate Valuations Group

Expired Properties by Month
Oct-11 vs. Oct-12: The number of Expired properties is down 13%

Oct-11 vs. Oct-12
Oct-11 268
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 232
Construction Type:

Change -36
Resale Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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William Cobb

Accurate Valuations Group

Expired Properties by Month
Oct-11 vs. Oct-12: The number of Expired properties is down 13%

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

# Properties 232 228 245 243 238 212 174 197 171 204 277 216 268

Median Price 149,900 149,900 160,000 150,000 159,900 166,200 135,450 140,000 130,000 150,000 145,000 156,000 159,900

Average DOM 176 173 249 176 216 188 202 189 184 193 215 189 186

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William Cobb

Accurate Valuations Group

Supply & Demand by Month
Oct-11 vs. Oct-12: The number of for sale properties is down 6% and the number of sold properties is up 23%

Oct-11 vs. Oct-12
Oct-11 2,848
MLS: GBRAR Property Types: MLS Area:

Oct-11 vs. Oct-12
% -6%
All Construction Type: Resale Bedrooms:

Oct-12 2,678
Period: 1 year (monthly)

Change -170
Price:

Oct-11 247
All

Oct-12 305
Bathrooms: All

Change 58
Lot Size: All Sq Ft: All

% +23%

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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11/16/2012

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William Cobb

Accurate Valuations Group

Supply & Demand by Month
Oct-11 vs. Oct-12: The number of for sale properties is down 6% and the number of sold properties is up 23%
# Properties For Sale 2,678 2,697 2,778 2,866 2,867 2,848 2,799 2,738 2,610 2,601 2,594 2,708 2,848 Average DOM For Sale 140 138 142 139 142 145 148 153 159 161 166 155 149 # Properties Sold 305 296 294 356 385 386 311 336 232 185 235 229 247 Average DOM Sold 89 97 95 83 80 91 91 104 104 98 91 102 107

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

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month
Oct-11 vs. Oct-12: The average days on market is down 11%

Oct-11 vs. Oct-12
Oct-11 95
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 84
Construction Type:

Change -10
Resale Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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11/16/2012

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month
Oct-11 vs. Oct-12: The average days on market is down 11%

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

Average DOM 84 90 101 93 85 93 98 90 101 115 96 90 95

# UC Units 345 293 282 354 339 384 386 357 319 253 201 220 251

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William Cobb

Accurate Valuations Group

Months Supply of Inventory
Oct-11 vs. Oct-12: The average months supply of inventory is down 34%

Oct-11 vs. Oct-12
Oct-11 9.3
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 6.1
Construction Type:

Change -3.2
Resale Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics®

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William Cobb

Accurate Valuations Group

Months Supply of Inventory
Oct-11 vs. Oct-12: The average months supply of inventory is down 34%
# Units For Sale Last Day of Month 2,101 2,176 2,251 2,270 2,294 2,256 2,242 2,186 2,120 2,144 2,117 2,272 2,329 # UC Units During Month 345 293 282 354 339 384 386 357 319 253 201 220 251 UC Average DOM 84 90 101 93 85 93 98 90 101 115 96 90 95

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

MSI 6.1 7.4 8.0 6.4 6.8 5.9 5.8 6.1 6.6 8.5 10.5 10.3 9.3

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