Market Dynamics

Prepared For

EBRP 4/2012 vs 4/2013, East Baton Rouge ALL EBRP

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Apr-12 vs. Apr-13: The median sold price is up 9%

Apr-12 vs. Apr-13

Apr-12 160,000
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price:

Apr-13 174,600
All Construction Type:

Change 14,600
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

Apr-12 vs. Apr-13: The median sold price is up 9%

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

Median Price 174,600 171,500 170,000 165,000 165,000 172,500 172,250 178,500 175,000 175,000 174,706 170,000 160,000

# Units 424 416 280 266 294 343 363 344 352 411 439 438 351

Average DOM 99 91 109 108 87 97 94 104 98 87 84 93 99

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

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

Apr-12 vs. Apr-13

Apr-12 164,900
MLS: GBRAR Property Types: County:

Apr-12 vs. Apr-13

% +3%
All Construction Type: All Bedrooms:

Apr-13 169,900
Period: 1 year (monthly)

Change 5,000
Price:

Apr-12 160,000
All

Apr-13 174,600
Bathrooms: All

Change 14,600
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

Apr-12 vs. Apr-13: The median price of for sale properties is up 3% and the median price of sold properties is up 9%
For Sale Median 169,900 167,000 164,900 160,000 159,000 159,900 161,900 161,500 164,950 165,600 168,000 167,500 164,900 # Properties For Sale 3,038 3,051 2,930 2,894 2,773 2,961 3,139 3,111 3,210 3,339 3,340 3,305 3,247 Sold Median 174,600 171,500 170,000 165,000 165,000 172,500 172,250 178,500 175,000 175,000 174,706 170,000 160,000 # Properties Sold 424 416 280 266 294 343 363 344 352 411 439 438 351 Price Difference 4,700 4,500 5,100 5,000 6,000 12,600 10,350 17,000 10,050 9,400 6,706 2,500 -4,900

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Apr-12 vs. Apr-13: The number of Sold properties is up 21%

Apr-12 vs. Apr-13

Apr-12 351
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 424
Construction Type:

Change 73
All Bedrooms: All

% +21%
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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05/18/2013

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Apr-12 vs. Apr-13: The number of Sold properties is up 21%

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

# Properties 424 416 280 266 294 343 363 344 352 411 439 438 351

Median Price 174,600 171,500 170,000 165,000 165,000 172,500 172,250 178,500 175,000 175,000 174,706 170,000 160,000

Average DOM 99 91 109 108 87 97 94 104 98 87 84 93 99

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Apr-12 vs. Apr-13: The number of Under Contract properties is up 21%

Apr-12 vs. Apr-13

Apr-12 450
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 543
Construction Type:

Change 93
All Bedrooms: All

% +21%
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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05/18/2013

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Apr-12 vs. Apr-13: The number of Under Contract properties is up 21%

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

# Properties 543 494 390 323 274 302 352 323 315 424 388 444 450

Median Price 177,900 179,900 175,950 177,500 158,200 169,900 174,950 179,900 177,100 185,000 178,750 179,900 174,900

Average DOM 93 95 96 118 102 102 91 91 105 93 86 94 98

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month

Apr-12 vs. Apr-13: The number of New properties is down 2%

Apr-12 vs. Apr-13

Apr-12 676
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 661
Construction Type:

Change -15
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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05/18/2013

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William Cobb

Accurate Valuations Group

New Properties by Month

Apr-12 vs. Apr-13: The number of New properties is down 2%

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

# Properties 661 675 594 666 337 440 601 487 572 669 699 693 676

Median Price 189,900 178,000 174,900 173,950 149,900 157,500 164,900 158,000 169,450 173,900 175,000 170,000 169,900

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Apr-12 vs. Apr-13: The number of For Sale properties is down 6%

Apr-12 vs. Apr-13

Apr-12 3,247
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 3,038
Construction Type:

Change -209
All Bedrooms: All

% -6%
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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05/18/2013

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Apr-12 vs. Apr-13: The number of For Sale properties is down 6%

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

# Properties 3,038 3,051 2,930 2,894 2,773 2,961 3,139 3,111 3,210 3,339 3,340 3,305 3,247

Median Price 169,900 167,000 164,900 160,000 159,000 159,900 161,900 161,500 164,950 165,600 168,000 167,500 164,900

Average DOM 143 146 150 158 171 159 152 152 155 153 157 160 162

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Apr-12 vs. Apr-13: The number of Expired properties is up 10%

Apr-12 vs. Apr-13

Apr-12 185
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 204
Construction Type:

Change 19
All Bedrooms: All

% +10%
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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William Cobb

Accurate Valuations Group

Expired Properties by Month

Apr-12 vs. Apr-13: The number of Expired properties is up 10%

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

# Properties 204 180 164 235 271 223 266 250 271 276 278 221 185

Median Price 156,250 149,950 149,900 153,900 155,000 156,900 159,000 149,900 162,500 160,000 169,000 164,900 139,900

Average DOM 171 201 197 196 224 171 199 188 258 217 234 188 198

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Apr-12 vs. Apr-13: The number of for sale properties is down 6% and the number of sold properties is up 21%

Apr-12 vs. Apr-13

Apr-12 3,247
MLS: GBRAR Property Types: County:

Apr-12 vs. Apr-13

% -6%
All Construction Type: All Bedrooms:

Apr-13 3,038
Period: 1 year (monthly)

Change -209
Price:

Apr-12 351
All

Apr-13 424
Bathrooms: All

Change 73
Lot Size: All Sq Ft: All

% +21%

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

Apr-12 vs. Apr-13: The number of for sale properties is down 6% and the number of sold properties is up 21%
# Properties For Sale 3,038 3,051 2,930 2,894 2,773 2,961 3,139 3,111 3,210 3,339 3,340 3,305 3,247 Average DOM For Sale 143 146 150 158 171 159 152 152 155 153 157 160 162 # Properties Sold 424 416 280 266 294 343 363 344 352 411 439 438 351 Average DOM Sold 99 91 109 108 87 97 94 104 98 87 84 93 99

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Apr-12 vs. Apr-13: The average days on market is down 5%

Apr-12 vs. Apr-13

Apr-12 98
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 93
Construction Type:

Change -5
All Bedrooms: All

% -5%
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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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Apr-12 vs. Apr-13: The average days on market is down 5%

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

Average DOM 93 95 96 118 102 102 91 91 105 93 86 94 98

# UC Units 543 494 390 323 274 302 352 323 315 424 388 444 450

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Apr-12 vs. Apr-13: The average months supply of inventory is down 27%

Apr-12 vs. Apr-13

Apr-12 5.8
MLS: GBRAR Property Types: County: Period: 1 year (monthly) Price: All

Apr-13 4.2
Construction Type:

Change -1.6
All Bedrooms: All

% -27%
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

Apr-12 vs. Apr-13: The average months supply of inventory is down 27%
# Units For Sale Last Day of Month 2,291 2,377 2,376 2,336 2,228 2,436 2,521 2,538 2,624 2,640 2,679 2,644 2,616 # UC Units During Month 543 494 390 323 274 302 352 323 315 424 388 444 450 UC Average DOM 93 95 96 118 102 102 91 91 105 93 86 94 98

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

MSI 4.2 4.8 6.1 7.2 8.1 8.1 7.2 7.9 8.3 6.2 6.9 6.0 5.8

Clarus MarketMetrics

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