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Market Dynamics

Prepared For

MLS Areas 81, 81, 83, Denham Springs Walker 06, 26, 85

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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12/22/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


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

Nov-11 vs. Nov-12


Nov-11 145,500
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Nov-12 152,450
All Construction Type:

Change 6,950
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


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

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

Median Price 152,450 146,900 150,000 159,000 144,500 146,950 152,000 147,250 143,000 140,950 134,900 135,200 145,500

# Units 72 97 128 91 86 122 99 96 87 80 73 62 62

Average DOM 80 108 105 106 79 107 93 99 100 102 115 102 100

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Nov-11 vs. Nov-12: The median price of for sale properties is up 3% and the median price of sold properties is up 5%

Nov-11 vs. Nov-12


Nov-11 154,900
MLS: GBRAR Property Types: MLS Area:

Nov-11 vs. Nov-12


% +3%
All Construction Type: All Bedrooms:

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

Change 5,000
Price:

Nov-11 145,500
All

Nov-12 152,450
Bathrooms: All

Change 6,950
Lot Size: All Sq Ft: All

% +5%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Nov-11 vs. Nov-12: The median price of for sale properties is up 3% and the median price of sold properties is up 5%
For Sale Median 159,900 159,900 159,900 159,900 159,900 158,900 158,900 158,950 156,655 157,000 156,900 154,900 154,900 # Properties For Sale 696 764 789 773 812 767 800 810 819 814 811 796 821 Sold Median 152,450 146,900 150,000 159,000 144,500 146,950 152,000 147,250 143,000 140,950 134,900 135,200 145,500 # Properties Sold 72 97 128 91 86 122 99 96 87 80 73 62 62 Price Difference -7,450 -13,000 -9,900 -900 -15,400 -11,950 -6,900 -11,700 -13,655 -16,050 -22,000 -19,700 -9,400

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

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Nov-11 vs. Nov-12: The number of Sold properties is up 16%

Nov-11 vs. Nov-12


Nov-11 62
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Nov-12 72
Construction Type:

Change 10
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Nov-11 vs. Nov-12: The number of Sold properties is up 16%

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

# Properties 72 97 128 91 86 122 99 96 87 80 73 62 62

Median Price 152,450 146,900 150,000 159,000 144,500 146,950 152,000 147,250 143,000 140,950 134,900 135,200 145,500

Average DOM 80 108 105 106 79 107 93 99 100 102 115 102 100

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Nov-11 vs. Nov-12: The number of Under Contract properties is up 18%

Nov-11 vs. Nov-12


Nov-11 76
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Nov-12 90
Construction Type:

Change 14
All Bedrooms: All

% +18%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Nov-11 vs. Nov-12: The number of Under Contract properties is up 18%

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

# Properties 90 108 96 95 114 95 112 109 108 110 80 62 76

Median Price 149,500 150,000 140,900 155,000 139,400 148,000 150,000 158,900 149,900 153,000 142,400 133,700 138,825

Average DOM 72 106 90 90 120 99 97 91 87 103 101 125 86

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month


Nov-11 vs. Nov-12: The number of New properties is up 2%

Nov-11 vs. Nov-12


Nov-11 111
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Nov-12 113
Construction Type:

Change 2
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month


Nov-11 vs. Nov-12: The number of New properties is up 2%

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

# Properties 113 145 167 136 190 136 159 148 161 145 157 98 111

Median Price 158,000 157,753 157,900 149,900 160,000 149,000 155,000 152,900 148,000 153,500 159,500 149,700 139,200

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


Nov-11 vs. Nov-12: The number of For Sale properties is down 15%

Nov-11 vs. Nov-12


Nov-11 821
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Nov-12 696
Construction Type:

Change -125
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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12/22/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


Nov-11 vs. Nov-12: The number of For Sale properties is down 15%

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

# Properties 696 764 789 773 812 767 800 810 819 814 811 796 821

Median Price 159,900 159,900 159,900 159,900 159,900 158,900 158,900 158,950 156,655 157,000 156,900 154,900 154,900

Average DOM 137 140 136 141 141 149 143 143 142 140 140 144 131

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month


Nov-11 vs. Nov-12: The number of Expired properties is down 2%

Nov-11 vs. Nov-12


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

Nov-12 46
Construction Type:

Change -1
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month


Nov-11 vs. Nov-12: The number of Expired properties is down 2%

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

# Properties 46 73 74 56 61 50 57 60 49 46 62 80 47

Median Price 162,400 166,900 150,900 164,950 170,000 151,950 139,900 159,950 146,900 169,700 174,950 152,445 164,500

Average DOM 204 244 144 218 178 211 155 189 215 162 179 180 163

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Nov-11 vs. Nov-12: The number of for sale properties is down 15% and the number of sold properties is up 16%

Nov-11 vs. Nov-12


Nov-11 821
MLS: GBRAR Property Types: MLS Area:

Nov-11 vs. Nov-12


% -15%
All Construction Type: All Bedrooms:

Nov-12 696
Period: 1 year (monthly)

Change -125
Price:

Nov-11 62
All

Nov-12 72
Bathrooms: All

Change 10
Lot Size: All Sq Ft: All

% +16%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Nov-11 vs. Nov-12: The number of for sale properties is down 15% and the number of sold properties is up 16%
# Properties For Sale 696 764 789 773 812 767 800 810 819 814 811 796 821 Average DOM For Sale 137 140 136 141 141 149 143 143 142 140 140 144 131 # Properties Sold 72 97 128 91 86 122 99 96 87 80 73 62 62 Average DOM Sold 80 108 105 106 79 107 93 99 100 102 115 102 100

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

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Nov-11 vs. Nov-12: The average days on market is down 16%

Nov-11 vs. Nov-12


Nov-11 86
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Nov-12 72
Construction Type:

Change -14
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Nov-11 vs. Nov-12: The average days on market is down 16%

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

Average DOM 72 106 90 90 120 99 97 91 87 103 101 125 86

# UC Units 90 108 96 95 114 95 112 109 108 110 80 62 76

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Nov-11 vs. Nov-12: The average months supply of inventory is down 32%

Nov-11 vs. Nov-12


Nov-11 9.2
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Nov-12 6.2
Construction Type:

Change -3.0
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Nov-11 vs. Nov-12: The average months supply of inventory is down 32%
# Units For Sale Last Day of Month 560 583 619 622 638 623 633 642 663 658 669 654 698 # UC Units During Month 90 108 96 95 114 95 112 109 108 110 80 62 76 UC Average DOM 72 106 90 90 120 99 97 91 87 103 101 125 86

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

MSI 6.2 5.4 6.4 6.5 5.6 6.6 5.7 5.9 6.1 6.0 8.4 10.5 9.2

Clarus MarketMetrics

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