Market Dynamics

Prepared For

West Baton Rouge, Louisiana ALL WBRP

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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04/21/2013

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Mar-12 vs. Mar-13: The median sold price is up 3%

Mar-12 vs. Mar-13

Mar-12 179,900
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Mar-13 185,000
All Construction Type:

Change 5,100
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

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Mar-12 vs. Mar-13: The median sold price is up 3%

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

Median Price 185,000 198,722 169,900 188,950 195,665 192,500 173,400 173,900 187,250 186,400 175,650 186,700 179,900

# Units 20 20 9 20 19 17 18 27 28 20 26 11 14

Average DOM 107 88 75 95 80 80 97 130 101 87 113 121 98

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Mar-12 vs. Mar-13: The median price of for sale properties is up 9% and the median price of sold properties is up 3%

Mar-12 vs. Mar-13

Mar-12 175,000
MLS: GBRAR Property Types: MLS Area:

Mar-12 vs. Mar-13

% +9%
All Construction Type: All Bedrooms:

Mar-13 190,000
Period: 1 year (monthly)

Change 15,000
Price:

Mar-12 179,900
All

Mar-13 185,000
Bathrooms: All

Change 5,100
Lot Size: All Sq Ft: All

% +3%

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

Clarus MarketMetrics

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04/21/2013

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Mar-12 vs. Mar-13: The median price of for sale properties is up 9% and the median price of sold properties is up 3%
For Sale Median 190,000 184,816 181,900 192,047 189,000 183,000 189,900 184,900 189,000 184,500 187,400 178,500 175,000 # Properties For Sale 143 118 119 108 115 116 122 117 123 123 134 134 127 Sold Median 185,000 198,722 169,900 188,950 195,665 192,500 173,400 173,900 187,250 186,400 175,650 186,700 179,900 # Properties Sold 20 20 9 20 19 17 18 27 28 20 26 11 14 Price Difference -5,000 13,907 -12,000 -3,097 6,665 9,500 -16,500 -11,000 -1,750 1,900 -11,750 8,200 4,900

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

Clarus MarketMetrics

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04/21/2013

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Mar-12 vs. Mar-13: The number of Sold properties is up 43%

Mar-12 vs. Mar-13

Mar-12 14
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 20
Construction Type:

Change 6
All Bedrooms: All

% +43%
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

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04/21/2013

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Mar-12 vs. Mar-13: The number of Sold properties is up 43%

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

# Properties 20 20 9 20 19 17 18 27 28 20 26 11 14

Median Price 185,000 198,722 169,900 188,950 195,665 192,500 173,400 173,900 187,250 186,400 175,650 186,700 179,900

Average DOM 107 88 75 95 80 80 97 130 101 87 113 121 98

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Mar-12 vs. Mar-13: The number of Under Contract properties is up 105%

Mar-12 vs. Mar-13

Mar-12 20
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 41
Construction Type:

Change 21
All Bedrooms: All

% +105%
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

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04/21/2013

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Mar-12 vs. Mar-13: The number of Under Contract properties is up 105%

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

# Properties 41 19 21 14 22 25 20 12 21 24 26 24 20

Median Price 197,800 218,900 181,900 201,700 181,450 187,000 194,900 175,700 188,545 185,850 189,000 180,650 188,400

Average DOM 64 72 57 140 98 93 88 119 130 98 120 95 97

Clarus MarketMetrics

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04/21/2013

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William Cobb

Accurate Valuations Group

New Properties by Month

Mar-12 vs. Mar-13: The number of New properties is up 92%

Mar-12 vs. Mar-13

Mar-12 25
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 48
Construction Type:

Change 23
All Bedrooms: All

% +92%
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

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04/21/2013

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William Cobb

Accurate Valuations Group

New Properties by Month

Mar-12 vs. Mar-13: The number of New properties is up 92%

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

# Properties 48 21 33 23 30 19 26 26 29 25 31 32 25

Median Price 211,300 191,500 179,000 192,094 198,900 172,900 192,000 160,700 216,900 179,900 202,200 185,400 171,900

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Mar-12 vs. Mar-13: The number of For Sale properties is up 13%

Mar-12 vs. Mar-13

Mar-12 127
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 143
Construction Type:

Change 16
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

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04/21/2013

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Mar-12 vs. Mar-13: The number of For Sale properties is up 13%

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

# Properties 143 118 119 108 115 116 122 117 123 123 134 134 127

Median Price 190,000 184,816 181,900 192,047 189,000 183,000 189,900 184,900 189,000 184,500 187,400 178,500 175,000

Average DOM 110 122 111 127 126 137 128 133 146 147 151 153 159

Clarus MarketMetrics

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04/21/2013

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Mar-12 vs. Mar-13: The number of Expired properties is down 20%

Mar-12 vs. Mar-13

Mar-12 5
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 4
Construction Type:

Change -1
All Bedrooms: All

% -20%
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
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04/21/2013

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Mar-12 vs. Mar-13: The number of Expired properties is down 20%

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

# Properties 4 4 1 8 8 6 5 9 11 5 10 7 5

Median Price 147,950 161,000 215,500 163,950 194,700 192,400 220,908 169,900 172,000 240,000 182,950 159,000 85,000

Average DOM 164 111 236 174 165 291 149 207 239 168 202 193 146

Clarus MarketMetrics

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04/21/2013

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Mar-12 vs. Mar-13: The number of for sale properties is up 13% and the number of sold properties is up 43%

Mar-12 vs. Mar-13

Mar-12 127
MLS: GBRAR Property Types: MLS Area:

Mar-12 vs. Mar-13

% +13%
All Construction Type: All Bedrooms:

Mar-13 143
Period: 1 year (monthly)

Change 16
Price:

Mar-12 14
All

Mar-13 20
Bathrooms: All

Change 6
Lot Size: All Sq Ft: All

% +43%

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

Clarus MarketMetrics

1 of 2
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04/21/2013

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Mar-12 vs. Mar-13: The number of for sale properties is up 13% and the number of sold properties is up 43%
# Properties For Sale 143 118 119 108 115 116 122 117 123 123 134 134 127 Average DOM For Sale 110 122 111 127 126 137 128 133 146 147 151 153 159 # Properties Sold 20 20 9 20 19 17 18 27 28 20 26 11 14 Average DOM Sold 107 88 75 95 80 80 97 130 101 87 113 121 98

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Mar-12 vs. Mar-13: The average days on market is down 34%

Mar-12 vs. Mar-13

Mar-12 97
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 64
Construction Type:

Change -33
All Bedrooms: All

% -34%
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
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04/21/2013

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Mar-12 vs. Mar-13: The average days on market is down 34%

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

Average DOM 64 72 57 140 98 93 88 119 130 98 120 95 97

# UC Units 41 19 21 14 22 25 20 12 21 24 26 24 20

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Mar-12 vs. Mar-13: The average months supply of inventory is down 53%

Mar-12 vs. Mar-13

Mar-12 5.1
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 2.4
Construction Type:

Change -2.7
All Bedrooms: All

% -53%
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
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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Mar-12 vs. Mar-13: The average months supply of inventory is down 53%
# Units For Sale Last Day of Month 98 95 97 86 85 85 97 96 91 94 98 103 102 # UC Units During Month 41 19 21 14 22 25 20 12 21 24 26 24 20 UC Average DOM 64 72 57 140 98 93 88 119 130 98 120 95 97

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

MSI 2.4 5.0 4.6 6.1 3.9 3.4 4.8 8.0 4.3 3.9 3.8 4.3 5.1

Clarus MarketMetrics

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