Green Trails at Shenandoah Baton Rouge Housing Report May 2010 Versus May 2012

06/05/2012Clarus MarketMetrics®Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

Green Trails Shenandoah, Baton Rouge, LA 70817

William CobbAccurate Valuations Group

Market Dynamics

Prepared For

1 of 21

May-12367,000

May-10611,766

%-40%

Change-244,766

May-10 vs. May-12: The median sold price is down 40%Median Sold Price by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

2 of 21

Median Sold Price by MonthMay-10 vs. May-12: The median sold price is down 40%

Accurate Valuations GroupWilliam Cobb

Time Period Median Price # Units Average DOMMay-12 367,000 4 87Apr-12 411,200 2 36Mar-12 317,500 1 93Feb-12 372,900 3 128Jan-12 344,900 5 183Dec-11 417,750 4 7Nov-11 372,900 1 64Oct-11 397,500 1 133Sep-11 337,000 1 71Aug-11 522,500 2 40Jul-11 317,500 1 96Jun-11 0May-11 335,000 1 328Apr-11 0Mar-11 332,885 3 283Feb-11 405,000 1 217Jan-11 308,900 1 287Dec-10 0Nov-10 0Oct-10 0Sep-10 376,950 2 75Aug-10 355,000 1 244Jul-10 0Jun-10 365,000 1 12May-10 611,766 1 6

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

3 of 21

May-10 vs. May-12: The median price of for sale properties is up 0% and the median price of sold properties is down 40%

Accurate Valuations Group

May-10 vs. May-12

388,400 +0%

William Cobb

389,450May-12

Median For Sale vs. Median Sold

ChangeMay-10 %1,050

May-10 May-12 %611,766 -40%

May-10 vs. May-12

367,000Change-244,766

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

4 of 21

Median For Sale vs. Median SoldMay-10 vs. May-12: The median price of for sale properties is up 0% and the median price of sold properties is down 40%

Accurate Valuations GroupWilliam Cobb

Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

May-12 14 4389,450 367,000 -22,450Apr-12 15 2389,000 411,200 22,200Mar-12 19 1369,900 317,500 -52,400Feb-12 18 3331,250 372,900 41,650Jan-12 19 5349,900 344,900 -5,000Dec-11 22 4349,900 417,750 67,850Nov-11 22 1349,900 372,900 23,000Oct-11 19 1369,900 397,500 27,600Sep-11 21 1369,900 337,000 -32,900Aug-11 26 2372,400 522,500 150,100Jul-11 24 1372,450 317,500 -54,950Jun-11 24 0362,500May-11 22 1354,900 335,000 -19,900Apr-11 20 0354,900Mar-11 14 3362,450 332,885 -29,565Feb-11 14 1359,900 405,000 45,100Jan-11 15 1349,900 308,900 -41,000Dec-10 14 0354,900Nov-10 17 0359,900Oct-10 19 0359,900Sep-10 16 2364,900 376,950 12,050Aug-10 22 1360,050 355,000 -5,050Jul-10 22 0369,900Jun-10 22 1377,450 365,000 -12,450May-10 19 1388,400 611,766 223,366

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

2 of 2 06/05/2012

5 of 21

May-124

May-101

%+300%

Change3

May-10 vs. May-12: The number of Sold properties is up 300%Sold Properties by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

6 of 21

Sold Properties by MonthMay-10 vs. May-12: The number of Sold properties is up 300%

Accurate Valuations GroupWilliam Cobb

Time Period # Properties Median Price Average DOMMay-12 367,0004 87Apr-12 411,2002 36Mar-12 317,5001 93Feb-12 372,9003 128Jan-12 344,9005 183Dec-11 417,7504 7Nov-11 372,9001 64Oct-11 397,5001 133Sep-11 337,0001 71Aug-11 522,5002 40Jul-11 317,5001 96Jun-11 0May-11 335,0001 328Apr-11 0Mar-11 332,8853 283Feb-11 405,0001 217Jan-11 308,9001 287Dec-10 0Nov-10 0Oct-10 0Sep-10 376,9502 75Aug-10 355,0001 244Jul-10 0Jun-10 365,0001 12May-10 611,7661 6

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

7 of 21

May-122

May-101

%+100%

Change1

May-10 vs. May-12: The number of Under Contract properties is up 100%Under Contract Properties by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

8 of 21

Under Contract Properties by MonthMay-10 vs. May-12: The number of Under Contract properties is up 100%

Accurate Valuations GroupWilliam Cobb

Time Period # Properties Median Price Average DOMMay-12 349,9502 583Apr-12 387,0005 37Mar-12 379,9003 110Feb-12 289,9003 288Jan-12 382,4002 46Dec-11 374,9005 125Nov-11 469,9502 150Oct-11 0Sep-11 414,9001 133Aug-11 344,9005 47Jul-11 0Jun-11 269,9001 1May-11 319,9001 96Apr-11 339,9001 328Mar-11 0Feb-11 349,4502 424Jan-11 366,9002 252Dec-10 0Nov-10 0Oct-10 0Sep-10 0Aug-10 369,5504 99Jul-10 0Jun-10 0May-10 615,0001 6

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

9 of 21

May-124

May-105

%-20%

Change-1

May-10 vs. May-12: The number of New properties is down 20%New Properties by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

10 of 21

New Properties by MonthMay-10 vs. May-12: The number of New properties is down 20%

Accurate Valuations GroupWilliam Cobb

Time Period # Properties Median PriceMay-12 377,5004Apr-12 388,4502Mar-12 389,0005Feb-12 250,0001Jan-12 415,0003Dec-11 462,2004Nov-11 332,4504Oct-11 374,9001Sep-11 386,7002Aug-11 323,6504Jul-11 404,7002Jun-11 350,0005May-11 318,0005Apr-11 337,4006Mar-11 350,0002Feb-11 379,9003Jan-11 313,9003Dec-10 0Nov-10 295,0001Oct-10 364,9004Sep-10 564,9252Aug-10 342,4502Jul-10 364,4002Jun-10 357,4504May-10 389,9005

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

11 of 21

May-1214

May-1019

%-26%

Change-5

May-10 vs. May-12: The number of For Sale properties is down 26%For Sale Properties by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

12 of 21

For Sale Properties by MonthMay-10 vs. May-12: The number of For Sale properties is down 26%

Accurate Valuations GroupWilliam Cobb

Time Period # Properties Median Price Average DOMMay-12 389,45014 181Apr-12 389,00015 159Mar-12 369,90019 155Feb-12 331,25018 199Jan-12 349,90019 171Dec-11 349,90022 160Nov-11 349,90022 177Oct-11 369,90019 181Sep-11 369,90021 160Aug-11 372,40026 128Jul-11 372,45024 138Jun-11 362,50024 129May-11 354,90022 124Apr-11 354,90020 130Mar-11 362,45014 151Feb-11 359,90014 183Jan-11 349,90015 193Dec-10 354,90014 209Nov-10 359,90017 157Oct-10 359,90019 156Sep-10 364,90016 157Aug-10 360,05022 137Jul-10 369,90022 123Jun-10 377,45022 120May-10 388,40019 111

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

13 of 21

May-120

May-100

%Change0

May-10 vs. May-12: The percent change calculation is N/AExpired Properties by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

14 of 21

Expired Properties by MonthMay-10 vs. May-12: The percent change calculation is N/A

Accurate Valuations GroupWilliam Cobb

Time Period Median Price# Properties Average DOMMay-12 0Apr-12 0Mar-12 250,0003 179Feb-12 269,9001 234Jan-12 0Dec-11 419,5001 170Nov-11 418,9502 298Oct-11 395,0001 120Sep-11 369,7502 161Aug-11 417,5002 152Jul-11 352,4502 292Jun-11 469,9001 451May-11 336,9002 77Apr-11 327,4502 74Mar-11 0Feb-11 0Jan-11 327,4502 92Dec-10 357,4502 184Nov-10 369,9003 50Oct-10 359,9003 258Sep-10 649,9001 6Aug-10 352,4504 140Jul-10 379,9002 132Jun-10 527,4002 334May-10 0

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

15 of 21

May-10 vs. May-12: The number of for sale properties is down 26% and the number of sold properties is up 300%

Accurate Valuations Group

May-10 vs. May-12

19 -26%

William Cobb

14May-12

Supply & Demand by Month

ChangeMay-10 %-5

May-10 May-12 %1 +300%

May-10 vs. May-12

4Change

3

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

16 of 21

Supply & Demand by MonthMay-10 vs. May-12: The number of for sale properties is down 26% and the number of sold properties is up 300%

William Cobb Accurate Valuations Group

Time Period For SaleFor Sale SoldSold# Properties Average DOM Average DOM# Properties

May-12 181 8714 4Apr-12 159 3615 2Mar-12 155 9319 1Feb-12 199 12818 3Jan-12 171 18319 5Dec-11 160 722 4Nov-11 177 6422 1Oct-11 181 13319 1Sep-11 160 7121 1Aug-11 128 4026 2Jul-11 138 9624 1Jun-11 12924 0May-11 124 32822 1Apr-11 13020 0Mar-11 151 28314 3Feb-11 183 21714 1Jan-11 193 28715 1Dec-10 20914 0Nov-10 15717 0Oct-10 15619 0Sep-10 157 7516 2Aug-10 137 24422 1Jul-10 12322 0Jun-10 120 1222 1May-10 111 619 1

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

17 of 21

May-12583

May-106

%+9,617%

Change577

May-10 vs. May-12: The average days on market is up 9,617%The Average Days on Market by Month

Accurate Valuations Group

May-10 vs. May-12

William Cobb

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

18 of 21

The Average Days on Market by MonthMay-10 vs. May-12: The average days on market is up 9,617%

Accurate Valuations GroupWilliam Cobb

Time Period # UC UnitsAverage DOMMay-12 2583Apr-12 537Mar-12 3110Feb-12 3288Jan-12 246Dec-11 5125Nov-11 2150Oct-11 0Sep-11 1133Aug-11 547Jul-11 0Jun-11 11May-11 196Apr-11 1328Mar-11 0Feb-11 2424Jan-11 2252Dec-10 0Nov-10 0Oct-10 0Sep-10 0Aug-10 499Jul-10 0Jun-10 0May-10 16

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

19 of 21

May-10 vs. May-12: The average months supply of inventory is down 67%

Accurate Valuations Group

May-10 vs. May-12

18.0 -67%

William Cobb

6.0May-12

Months Supply of Inventory

ChangeMay-10 %-12.0

Clarus MarketMetrics® 1 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAllSq Ft:

Green Trails At ShenandoahResidential: (Detached Single Family, Preconstruction DSF)Period: All All

Property Types:Subdivision:

AllConstruction Type:Price: Lot Size:Bedrooms:2 years (monthly)GBRAR

20 of 21

Months Supply of InventoryMay-10 vs. May-12: The average months supply of inventory is down 67%

William Cobb Accurate Valuations Group

Time Period During MonthLast Day of Month DOMMSI# Units For Sale # UC Units UC Average

May-12 2 58312 6.0Apr-12 5 3710 2.0Mar-12 3 11013 4.3Feb-12 3 28814 4.7Jan-12 2 4617 8.5Dec-11 5 12516 3.2Nov-11 2 15018 9.0Oct-11 018Sep-11 1 13318 18.0Aug-11 5 4719 3.8Jul-11 022Jun-11 1 122 22.0May-11 1 9619 19.0Apr-11 1 32817 17.0Mar-11 014Feb-11 2 42412 6.0Jan-11 2 25211 5.5Dec-10 012Nov-10 014Oct-10 016Sep-10 015Aug-10 4 9914 3.5Jul-10 020Jun-10 020May-10 1 618 18.0

Clarus MarketMetrics® 2 of 2 06/05/2012Information not guaranteed. © 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

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