Market Dynamics

Prepared For

EBRP 11/2011 vs 11/2012, Louisiana ALL EBRP

William Cobb Accurate Valuations Group

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 9%

Nov-11 vs. Nov-12

Nov-11 158,731
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price:

Nov-12 172,500
All Construction Type:

Change 13,769
All Bedrooms: All

% +9%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

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 9%

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 172,500 172,250 178,000 175,000 175,000 174,706 170,000 161,400 164,000 164,500 159,000 160,900 158,731

# Units 342 363 343 352 411 439 438 349 367 261 214 271 273

Average DOM 97 94 104 98 87 84 93 98 106 108 100 94 104

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 0% and the median price of sold properties is up 9%

Nov-11 vs. Nov-12

Nov-11 162,500
MLS: GBRAR Property Types: County:

Nov-11 vs. Nov-12

% +0%
All Construction Type: All Bedrooms:

Nov-12 162,981
Period: 1 year (monthly)

Change 481
Price:

Nov-11 158,731
All

Nov-12 172,500
Bathrooms: All

Change 13,769
Lot Size: All Sq Ft: All

% +9%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

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 0% and the median price of sold properties is up 9%
For Sale Median 162,981 163,900 164,000 165,000 167,500 169,000 167,500 165,000 163,999 162,900 162,250 159,950 162,500 # Properties For Sale 2,883 3,094 3,069 3,182 3,315 3,319 3,287 3,229 3,177 3,053 3,036 3,014 3,130 Sold Median 172,500 172,250 178,000 175,000 175,000 174,706 170,000 161,400 164,000 164,500 159,000 160,900 158,731 # Properties Sold 342 363 343 352 411 439 438 349 367 261 214 271 273 Price Difference 9,519 8,350 14,000 10,000 7,500 5,706 2,500 -3,600 1 1,600 -3,250 950 -3,769

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

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 25%

Nov-11 vs. Nov-12

Nov-11 273
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 342
Construction Type:

Change 69
All Bedrooms: All

% +25%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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12/18/2012

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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 25%

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 342 363 343 352 411 439 438 349 367 261 214 271 273

Median Price 172,500 172,250 178,000 175,000 175,000 174,706 170,000 161,400 164,000 164,500 159,000 160,900 158,731

Average DOM 97 94 104 98 87 84 93 98 106 108 100 94 104

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 40%

Nov-11 vs. Nov-12

Nov-11 250
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 349
Construction Type:

Change 99
All Bedrooms: All

% +40%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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12/18/2012

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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 40%

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 349 388 328 328 429 391 448 451 413 366 291 232 250

Median Price 164,900 166,900 179,900 177,000 185,000 179,900 179,900 174,900 173,400 171,950 161,400 165,000 169,950

Average DOM 98 89 90 107 92 86 94 98 97 101 114 100 97

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 down 1%

Nov-11 vs. Nov-12

Nov-11 436
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 432
Construction Type:

Change -4
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

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12/18/2012

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William Cobb

Accurate Valuations Group

New Properties by Month

Nov-11 vs. Nov-12: The number of New properties is down 1%

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 432 596 485 571 668 699 693 675 678 537 567 358 436

Median Price 159,700 168,750 158,900 170,000 173,950 175,000 170,000 169,900 164,400 162,500 165,000 154,950 165,000

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 8%

Nov-11 vs. Nov-12

Nov-11 3,130
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 2,883
Construction Type:

Change -247
All Bedrooms: All

% -8%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

Clarus MarketMetrics

1 of 2
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12/18/2012

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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 8%

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 2,883 3,094 3,069 3,182 3,315 3,319 3,287 3,229 3,177 3,053 3,036 3,014 3,130

Median Price 162,981 163,900 164,000 165,000 167,500 169,000 167,500 165,000 163,999 162,900 162,250 159,950 162,500

Average DOM 158 150 150 153 151 155 158 160 164 168 170 180 169

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 4%

Nov-11 vs. Nov-12

Nov-11 224
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 215
Construction Type:

Change -9
All Bedrooms: All

% -4%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

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 4%

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 215 255 243 270 274 277 220 184 212 188 228 314 224

Median Price 158,900 158,000 150,000 162,500 160,000 169,000 166,200 137,900 148,200 143,450 150,000 154,950 162,450

Average DOM 168 189 174 255 213 233 187 198 194 187 198 261 189

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 8% and the number of sold properties is up 25%

Nov-11 vs. Nov-12

Nov-11 3,130
MLS: GBRAR Property Types: County:

Nov-11 vs. Nov-12

% -8%
All Construction Type: All Bedrooms:

Nov-12 2,883
Period: 1 year (monthly)

Change -247
Price:

Nov-11 273
All

Nov-12 342
Bathrooms: All

Change 69
Lot Size: All Sq Ft: All

% +25%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

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 8% and the number of sold properties is up 25%
# Properties For Sale 2,883 3,094 3,069 3,182 3,315 3,319 3,287 3,229 3,177 3,053 3,036 3,014 3,130 Average DOM For Sale 158 150 150 153 151 155 158 160 164 168 170 180 169 # Properties Sold 342 363 343 352 411 439 438 349 367 261 214 271 273 Average DOM Sold 97 94 104 98 87 84 93 98 106 108 100 94 104

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

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 up 2%

Nov-11 vs. Nov-12

Nov-11 97
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 98
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) East Baton Rouge

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 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

Average DOM 98 89 90 107 92 86 94 98 97 101 114 100 97

# UC Units 349 388 328 328 429 391 448 451 413 366 291 232 250

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 37%

Nov-11 vs. Nov-12

Nov-11 10.6
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Nov-12 6.6
Construction Type:

Change -4.0
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) East Baton Rouge

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 37%
# Units For Sale Last Day of Month 2,319 2,451 2,498 2,584 2,613 2,656 2,623 2,598 2,554 2,499 2,517 2,469 2,656 # UC Units During Month 349 388 328 328 429 391 448 451 413 366 291 232 250 UC Average DOM 98 89 90 107 92 86 94 98 97 101 114 100 97

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 6.6 6.3 7.6 7.9 6.1 6.8 5.9 5.8 6.2 6.8 8.6 10.6 10.6

Clarus MarketMetrics

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