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Market Dynamics

Prepared For

Juban Parc Subdivision, Denham Springs, Louisiana 70726

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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01/16/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


Dec-10 vs. Dec-11: The median sold price is down 100%

Dec-10 vs. Dec-11


Dec-10 163,900
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 0
Construction Type:

Change -163,900
All Bedrooms: All

% -100%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median Sold Price by Month


Dec-10 vs. Dec-11: The median sold price is down 100%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

Median Price 155,000 134,200 150,300 147,600 152,650 161,900 161,900 134,500 155,000 186,900 163,900

# Units 0 1 1 1 4 0 6 3 3 1 3 1 3

Average DOM 1 1 112 87 82 59 54 101 37 21 112

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Dec-10 vs. Dec-11: The median price of for sale properties is down 6% and the median price of sold properties is down 100%

Dec-10 vs. Dec-11


Dec-10 157,600
MLS: GBRAR Property Types: Subdivision:

Dec-10 vs. Dec-11


% -6%
All Construction Type: All Bedrooms:

Dec-11 148,300
Period: 1 year (monthly)

Change -9,300
Price:

Dec-10 163,900
All

Dec-11 0
Bathrooms: All

Change -163,900
Lot Size: All Sq Ft: All

% -100%

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold


Dec-10 vs. Dec-11: The median price of for sale properties is down 6% and the median price of sold properties is down 100%
For Sale Median 148,300 146,300 146,300 148,300 144,300 144,300 155,000 150,300 150,300 150,300 157,600 157,600 157,600 # Properties For Sale 11 12 8 9 9 8 10 10 9 9 9 11 13 152,650 161,900 161,900 134,500 155,000 186,900 163,900 155,000 134,200 150,300 147,600 Sold Median # Properties Sold 0 1 1 1 4 0 6 3 3 1 3 1 3 -2,350 11,600 11,600 -15,800 -2,600 29,300 6,300 8,700 -12,100 2,000 3,300 Price Difference

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Dec-10 vs. Dec-11: The number of Sold properties is down 100%

Dec-10 vs. Dec-11


Dec-10 3
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 0
Construction Type:

Change -3
All Bedrooms: All

% -100%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month


Dec-10 vs. Dec-11: The number of Sold properties is down 100%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 0 1 1 1 4 0 6 3 3 1 3 1 3

Median Price 155,000 134,200 150,300 147,600 152,650 161,900 161,900 134,500 155,000 186,900 163,900

Average DOM 1 1 112 87 82 59 54 101 37 21 112

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Dec-10 vs. Dec-11: The number of Under Contract properties is down 67%

Dec-10 vs. Dec-11


Dec-10 3
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 1
Construction Type:

Change -2
All Bedrooms: All

% -67%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

1 of 2
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William Cobb

Accurate Valuations Group

Under Contract Properties by Month


Dec-10 vs. Dec-11: The number of Under Contract properties is down 67%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 1 1 0 1 2 1 5 2 2 1 4 4 3

Median Price 228,660 134,200 150,300 144,600 133,500 155,000 145,100 153,400 157,600 168,700 161,900 189,900

Average DOM 97 1 112 1 218 41 133 160 99 41 28 33

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month


Dec-10 vs. Dec-11: The number of New properties is down 100%

Dec-10 vs. Dec-11


Dec-10 6
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 0
Construction Type:

Change -6
All Bedrooms: All

% -100%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month


Dec-10 vs. Dec-11: The number of New properties is down 100%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 0 5 0 2 2 4 2 3 1 4 2 3 6

Median Price 153,000 188,480 144,600 143,100 184,450 150,300 295,000 152,650 175,550 161,900 158,750

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


Dec-10 vs. Dec-11: The number of For Sale properties is down 15%

Dec-10 vs. Dec-11


Dec-10 13
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 11
Construction Type:

Change -2
All Bedrooms: All

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

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month


Dec-10 vs. Dec-11: The number of For Sale properties is down 15%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 11 12 8 9 9 8 10 10 9 9 9 11 13

Median Price 148,300 146,300 146,300 148,300 144,300 144,300 155,000 150,300 150,300 150,300 157,600 157,600 157,600

Average DOM 120 85 107 83 58 65 66 73 93 77 72 53 47

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William Cobb

Accurate Valuations Group

Expired Properties by Month


Dec-10 vs. Dec-11: The number of Expired properties is down 50%

Dec-10 vs. Dec-11


Dec-10 2
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 1
Construction Type:

Change -1
All Bedrooms: All

% -50%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

1 of 2
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William Cobb

Accurate Valuations Group

Expired Properties by Month


Dec-10 vs. Dec-11: The number of Expired properties is down 50%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

# Properties 1 0 1 0 0 0 1 0 0 0 0 0 2

Median Price 295,000 205,000

Average DOM 244 124

229,000

112

160,900

100

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Dec-10 vs. Dec-11: The number of for sale properties is down 15% and the number of sold properties is down 100%

Dec-10 vs. Dec-11


Dec-10 13
MLS: GBRAR Property Types: Subdivision:

Dec-10 vs. Dec-11


% -15%
All Construction Type: All Bedrooms:

Dec-11 11
Period: 1 year (monthly)

Change -2
Price:

Dec-10 3
All

Dec-11 0
Bathrooms: All

Change -3
Lot Size: All Sq Ft: All

% -100%

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month


Dec-10 vs. Dec-11: The number of for sale properties is down 15% and the number of sold properties is down 100%
# Properties For Sale 11 12 8 9 9 8 10 10 9 9 9 11 13 Average DOM For Sale 120 85 107 83 58 65 66 73 93 77 72 53 47 # Properties Sold 0 1 1 1 4 0 6 3 3 1 3 1 3 82 59 54 101 37 21 112 1 1 112 87 Average DOM Sold

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Dec-10 vs. Dec-11: The average days on market is up 197%

Dec-10 vs. Dec-11


Dec-10 33
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 97
Construction Type:

Change 64
All Bedrooms: All

% +197%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month


Dec-10 vs. Dec-11: The average days on market is up 197%

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

Average DOM 97 1 112 1 218 41 133 160 99 41 28 33

# UC Units 1 1 0 1 2 1 5 2 2 1 4 4 3

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Dec-10 vs. Dec-11: The average months supply of inventory is up 238%

Dec-10 vs. Dec-11


Dec-10 2.7
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All

Dec-11 9.0
Construction Type:

Change 6.3
All Bedrooms: All

% +238%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Preconstruction DSF) Juban Parc

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory


Dec-10 vs. Dec-11: The average months supply of inventory is up 238%
# Units For Sale Last Day of Month 9 11 7 8 7 7 4 8 7 8 5 7 8 # UC Units During Month 1 1 0 1 2 1 5 2 2 1 4 4 3 8.0 3.5 7.0 0.8 4.0 3.5 8.0 1.2 1.8 2.7 112 1 218 41 133 160 99 41 28 33 UC Average DOM 97 1

Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10

MSI 9.0 11.0

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