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Market Dynamics

Prepared For

W Livingston Parish, Denham Walker Watson West Liv.

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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05/18/2013

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


Apr-12 vs. Apr-13: The median sold price is up 8%

Apr-12 vs. Apr-13


Apr-12 147,250
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Apr-13 158,500
All Construction Type:

Change 11,250
All Bedrooms: All

% +8%
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


Apr-12 vs. Apr-13: The median sold price is up 8%

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

Median Price 158,500 150,000 154,500 148,725 139,900 149,900 146,950 150,000 159,000 144,500 146,950 152,000 147,250

# Units 125 128 78 75 71 73 98 129 91 86 122 99 96

Average DOM 74 102 109 96 64 79 108 105 106 79 107 93 99

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Apr-12 vs. Apr-13: The median price of for sale properties is up 1% and the median price of sold properties is up 8%

Apr-12 vs. Apr-13


Apr-12 158,950
MLS: GBRAR Property Types: MLS Area:

Apr-12 vs. Apr-13


% +1%
All Construction Type: All Bedrooms:

Apr-13 159,900
Period: 1 year (monthly)

Change 950
Price:

Apr-12 147,250
All

Apr-13 158,500
Bathrooms: All

Change 11,250
Lot Size: All Sq Ft: All

% +8%

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


Apr-12 vs. Apr-13: The median price of for sale properties is up 1% and the median price of sold properties is up 8%
For Sale Median 159,900 159,000 159,900 159,900 159,900 159,500 159,900 159,900 159,900 159,900 157,900 158,400 158,950 # Properties For Sale 710 692 679 699 659 711 774 798 781 818 771 804 814 Sold Median 158,500 150,000 154,500 148,725 139,900 149,900 146,950 150,000 159,000 144,500 146,950 152,000 147,250 # Properties Sold 125 128 78 75 71 73 98 129 91 86 122 99 96 Price Difference -1,400 -9,000 -5,400 -11,175 -20,000 -9,600 -12,950 -9,900 -900 -15,400 -10,950 -6,400 -11,700

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

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Apr-12 vs. Apr-13: The number of Sold properties is up 30%

Apr-12 vs. Apr-13


Apr-12 96
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 125
Construction Type:

Change 29
All Bedrooms: All

% +30%
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


Apr-12 vs. Apr-13: The number of Sold properties is up 30%

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

# Properties 125 128 78 75 71 73 98 129 91 86 122 99 96

Median Price 158,500 150,000 154,500 148,725 139,900 149,900 146,950 150,000 159,000 144,500 146,950 152,000 147,250

Average DOM 74 102 109 96 64 79 108 105 106 79 107 93 99

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Apr-12 vs. Apr-13: The number of Under Contract properties is up 33%

Apr-12 vs. Apr-13


Apr-12 109
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 145
Construction Type:

Change 36
All Bedrooms: All

% +33%
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


Apr-12 vs. Apr-13: The number of Under Contract properties is up 33%

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

# Properties 145 127 103 102 69 83 102 95 94 114 95 112 109

Median Price 159,000 151,400 158,900 152,200 149,500 149,900 149,950 141,900 154,950 139,400 148,000 150,000 158,900

Average DOM 89 86 93 103 112 63 105 90 90 120 99 97 91

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William Cobb

Accurate Valuations Group

New Properties by Month


Apr-12 vs. Apr-13: The number of New properties is up 31%

Apr-12 vs. Apr-13


Apr-12 148
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 194
Construction Type:

Change 46
All Bedrooms: All

% +31%
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


Apr-12 vs. Apr-13: The number of New properties is up 31%

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

# Properties 194 167 136 167 77 112 146 167 138 192 136 159 148

Median Price 164,100 152,500 150,000 159,900 149,999 155,250 157,826 157,900 148,950 160,000 149,000 155,000 150,550

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


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

Apr-12 vs. Apr-13


Apr-12 814
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 710
Construction Type:

Change -104
All Bedrooms: All

% -13%
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

For Sale Properties by Month


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

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

# Properties 710 692 679 699 659 711 774 798 781 818 771 804 814

Median Price 159,900 159,000 159,900 159,900 159,900 159,500 159,900 159,900 159,900 159,900 157,900 158,400 158,950

Average DOM 118 127 134 140 156 141 143 139 144 143 152 146 145

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month


Apr-12 vs. Apr-13: The number of Expired properties is down 23%

Apr-12 vs. Apr-13


Apr-12 60
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 46
Construction Type:

Change -14
All Bedrooms: All

% -23%
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


Apr-12 vs. Apr-13: The number of Expired properties is down 23%

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

# Properties 46 49 51 54 58 46 73 75 56 61 50 57 60

Median Price 173,900 147,900 214,900 162,250 163,950 162,400 166,900 151,900 164,950 170,000 151,950 139,900 159,950

Average DOM 146 189 187 220 248 210 244 147 218 178 211 155 189

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Apr-12 vs. Apr-13: The number of for sale properties is down 13% and the number of sold properties is up 30%

Apr-12 vs. Apr-13


Apr-12 814
MLS: GBRAR Property Types: MLS Area:

Apr-12 vs. Apr-13


% -13%
All Construction Type: All Bedrooms:

Apr-13 710
Period: 1 year (monthly)

Change -104
Price:

Apr-12 96
All

Apr-13 125
Bathrooms: All

Change 29
Lot Size: All Sq Ft: All

% +30%

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


Apr-12 vs. Apr-13: The number of for sale properties is down 13% and the number of sold properties is up 30%
# Properties For Sale 710 692 679 699 659 711 774 798 781 818 771 804 814 Average DOM For Sale 118 127 134 140 156 141 143 139 144 143 152 146 145 # Properties Sold 125 128 78 75 71 73 98 129 91 86 122 99 96 Average DOM Sold 74 102 109 96 64 79 108 105 106 79 107 93 99

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Apr-12 vs. Apr-13: The average days on market is down 2%

Apr-12 vs. Apr-13


Apr-12 91
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 89
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

The Average Days on Market by Month


Apr-12 vs. Apr-13: The average days on market is down 2%

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

Average DOM 89 86 93 103 112 63 105 90 90 120 99 97 91

# UC Units 145 127 103 102 69 83 102 95 94 114 95 112 109

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Apr-12 vs. Apr-13: The average months supply of inventory is down 40%

Apr-12 vs. Apr-13


Apr-12 5.9
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Apr-13 3.6
Construction Type:

Change -2.3
All Bedrooms: All

% -40%
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


Apr-12 vs. Apr-13: The average months supply of inventory is down 40%
# Units For Sale Last Day of Month 519 516 525 543 532 582 599 628 631 644 627 637 646 # UC Units During Month 145 127 103 102 69 83 102 95 94 114 95 112 109 UC Average DOM 89 86 93 103 112 63 105 90 90 120 99 97 91

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

MSI 3.6 4.1 5.1 5.3 7.7 7.0 5.9 6.6 6.7 5.6 6.6 5.7 5.9

Clarus MarketMetrics

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