Market Dynamics

Prepared For

W. Baton Rouge Home Sales, West Baton Rouge LA 70767+

William Cobb Accurate Valuations Group

Clarus MarketMetrics
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

1 of 21

William Cobb

Accurate Valuations Group

Median Sold Price by Month

Aug-11 vs. Aug-12: The median sold price is down 1%

Aug-11 vs. Aug-12

Aug-11 178,000
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 175,950
All Construction Type:

Change -2,050
All Bedrooms: All

% -1%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

2 of 21

William Cobb

Accurate Valuations Group

Median Sold Price by Month

Aug-11 vs. Aug-12: The median sold price is down 1%

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

Median Price 175,950 187,250 186,900 175,650 186,700 179,900 200,300 167,435 166,800 177,450 210,000 194,900 178,000

# Units 26 28 19 26 11 14 17 12 17 20 15 16 23

Average DOM 133 101 85 113 121 98 82 80 197 112 117 88 73

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

3 of 21

William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Aug-11 vs. Aug-12: The median price of for sale properties is down 0% and the median price of sold properties is down 1%

Aug-11 vs. Aug-12

Aug-11 189,635
MLS: GBRAR Property Types: MLS Area:

Aug-11 vs. Aug-12

% -0%
All Construction Type: All Bedrooms:

Aug-12 189,000
Period: 1 year (monthly)

Change -635
Price:

Aug-11 178,000
All

Aug-12 175,950
Bathrooms: All

Change -2,050
Lot Size: All Sq Ft: All

% -1%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

4 of 21

William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Aug-11 vs. Aug-12: The median price of for sale properties is down 0% and the median price of sold properties is down 1%
For Sale Median 189,000 189,768 188,400 188,950 179,900 177,450 179,900 179,450 184,500 184,700 187,900 187,900 189,635 # Properties For Sale 109 118 120 132 133 126 135 128 117 126 137 135 134 Sold Median 175,950 187,250 186,900 175,650 186,700 179,900 200,300 167,435 166,800 177,450 210,000 194,900 178,000 # Properties Sold 26 28 19 26 11 14 17 12 17 20 15 16 23 Price Difference -13,050 -2,517 -1,500 -13,300 6,800 2,450 20,400 -12,015 -17,700 -7,250 22,100 7,000 -11,635

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

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

5 of 21

William Cobb

Accurate Valuations Group

Sold Properties by Month

Aug-11 vs. Aug-12: The number of Sold properties is up 13%

Aug-11 vs. Aug-12

Aug-11 23
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 26
All Construction Type:

Change 3
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

6 of 21

William Cobb

Accurate Valuations Group

Sold Properties by Month

Aug-11 vs. Aug-12: The number of Sold properties is up 13%

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

# Properties 26 28 19 26 11 14 17 12 17 20 15 16 23

Median Price 175,950 187,250 186,900 175,650 186,700 179,900 200,300 167,435 166,800 177,450 210,000 194,900 178,000

Average DOM 133 101 85 113 121 98 82 80 197 112 117 88 73

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

7 of 21

William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Aug-11 vs. Aug-12: The number of Under Contract properties is down 6%

Aug-11 vs. Aug-12

Aug-11 18
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 17
All Construction Type:

Change -1
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

8 of 21

William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Aug-11 vs. Aug-12: The number of Under Contract properties is down 6%

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

# Properties 17 23 26 27 24 20 23 19 13 15 19 21 18

Median Price 184,900 187,900 185,850 189,000 180,650 188,400 181,400 168,000 172,000 168,000 204,900 186,900 203,450

Average DOM 94 124 94 129 95 97 60 105 62 220 97 114 97

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

9 of 21

William Cobb

Accurate Valuations Group

New Properties by Month

Aug-11 vs. Aug-12: The number of New properties is up 47%

Aug-11 vs. Aug-12

Aug-11 17
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 25
All Construction Type:

Change 8
All Bedrooms: All

% +47%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

10 of 21

William Cobb

Accurate Valuations Group

New Properties by Month

Aug-11 vs. Aug-12: The number of New properties is up 47%

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

# Properties 25 28 25 30 32 25 32 27 12 15 33 28 17

Median Price 165,000 221,416 179,900 216,500 186,300 171,900 175,650 159,000 157,150 189,900 173,900 188,900 199,900

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

11 of 21

William Cobb

Accurate Valuations Group

For Sale Properties by Month

Aug-11 vs. Aug-12: The number of For Sale properties is down 19%

Aug-11 vs. Aug-12

Aug-11 134
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 109
All Construction Type:

Change -25
All Bedrooms: All

% -19%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

12 of 21

William Cobb

Accurate Valuations Group

For Sale Properties by Month

Aug-11 vs. Aug-12: The number of For Sale properties is down 19%

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

# Properties 109 118 120 132 133 126 135 128 117 126 137 135 134

Median Price 189,000 189,768 188,400 188,950 179,900 177,450 179,900 179,450 184,500 184,700 187,900 187,900 189,635

Average DOM 124 139 139 146 148 154 147 154 158 156 141 148 152

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

13 of 21

William Cobb

Accurate Valuations Group

Expired Properties by Month

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

Aug-11 vs. Aug-12

Aug-11 9
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 8
All Construction Type:

Change -1
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

14 of 21

William Cobb

Accurate Valuations Group

Expired Properties by Month

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

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

# Properties 8 11 4 10 7 5 11 6 3 6 7 10 9

Median Price 140,950 172,000 294,950 182,950 159,000 85,000 169,900 180,000 156,000 214,500 229,900 169,900 199,900

Average DOM 112 239 150 202 193 146 215 136 425 176 149 174 195

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

15 of 21

William Cobb

Accurate Valuations Group

Supply & Demand by Month

Aug-11 vs. Aug-12: The number of for sale properties is down 19% and the number of sold properties is up 13%

Aug-11 vs. Aug-12

Aug-11 134
MLS: GBRAR Property Types: MLS Area:

Aug-11 vs. Aug-12

% -19%
All Construction Type: All Bedrooms:

Aug-12 109
Period: 1 year (monthly)

Change -25
Price:

Aug-11 23
All

Aug-12 26
Bathrooms: All

Change 3
Lot Size: All Sq Ft: All

% +13%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

16 of 21

William Cobb

Accurate Valuations Group

Supply & Demand by Month

Aug-11 vs. Aug-12: The number of for sale properties is down 19% and the number of sold properties is up 13%
# Properties For Sale 109 118 120 132 133 126 135 128 117 126 137 135 134 Average DOM For Sale 124 139 139 146 148 154 147 154 158 156 141 148 152 # Properties Sold 26 28 19 26 11 14 17 12 17 20 15 16 23 Average DOM Sold 133 101 85 113 121 98 82 80 197 112 117 88 73

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

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

17 of 21

William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Aug-11 vs. Aug-12: The average days on market is down 3%

Aug-11 vs. Aug-12

Aug-11 97
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 94
All Construction Type:

Change -3
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

18 of 21

William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Aug-11 vs. Aug-12: The average days on market is down 3%

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

Average DOM 94 124 94 129 95 97 60 105 62 220 97 114 97

# UC Units 17 23 26 27 24 20 23 19 13 15 19 21 18

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

19 of 21

William Cobb

Accurate Valuations Group

Months Supply of Inventory

Aug-11 vs. Aug-12: The average months supply of inventory is down 17%

Aug-11 vs. Aug-12

Aug-11 5.9
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Aug-12 4.9
All Construction Type:

Change -1.0
All Bedrooms: All

% -17%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) WBR MLS AREA 70

Clarus MarketMetrics

1 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

20 of 21

William Cobb

Accurate Valuations Group

Months Supply of Inventory

Aug-11 vs. Aug-12: The average months supply of inventory is down 17%
# Units For Sale Last Day of Month 84 84 90 95 102 101 101 103 101 105 111 104 107 # UC Units During Month 17 23 26 27 24 20 23 19 13 15 19 21 18 UC Average DOM 94 124 94 129 95 97 60 105 62 220 97 114 97

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

MSI 4.9 3.7 3.5 3.5 4.2 5.0 4.4 5.4 7.8 7.0 5.8 5.0 5.9

Clarus MarketMetrics

2 of 2
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/16/2012

21 of 21