Area Activity & Short Sale Report - February 2011

Marion County
Marion County SFR Sales by Type
Short Sales
2.4% 1.8% Avg. Sold Price $ 154,140
Avg. Prior 1st Mtg Amt $ 182,874
38.8% 49.4% SFR Sales Avg. % Sold Price/Prior 1st Mtg. 84.30%
SFR Short Sales
SFR REO Sale REO Sales
Condo/TwnHm Sale
Avg. Sales Price $ 120,344
Condo/ TwnHm REO Sale Median Sales Price $ 115,000

REO Sales Average Timeline

260 Days
1st NOD to Trustees Deed (to Bank)
7.6% Trustees Deed to REO Sale 193 Days
1st NOD-REO Sale 433 Days

Marion County Sold Price Per SqFt

$100.00 $90.35 $76.89 $84.69
$80.00
$62.50
Price Per SqFt
$60.00
$45.58
$40.00
$20.00
$-
SFR Median Price Per SFR Short Sales Median SFR REO Sale Median Condo/TwnHm Median Condo/ TwnHm REO Sale
SqFt Price Per SqFt Price Per SqFt Price Per SqFt Median Price Per SqFt
 Marion County Transaction Overview by Type/ZIP
Condo/
SFR Short SFR REO Cond TwnHm
SFR Sales Sale o/Twn Condo/TwnH REO Sale
SFR Median SFR Median SFR Median Hm m Median Condo/ Median
Auction Full Price Per Short Price Per REO Price Per Full Price Per TwnHm REO Price Per
Zipcode City NOD NOT REO Purchase Sale SqFt Sales SqFt Sale SqFt Sale SqFt Sale SqFt
0 0 0 0 1 1 0.00 0 0.00 1 46.49 0 0.00 0 0.00
97002 AURORA 2 0 1 0 1 223.21 0 0.00 2 44.53 0 0.00 0 0.00
97020 DONALD 2 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
97026 GERVAIS 4 0 0 0 0 0.00 0 0.00 1 33.44 0 0.00 0 0.00
97032 HUBBARD 1 0 1 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
97071 WOODBURN
ESTATES 9 6 3 0 2 63.66 1 96.37 7 60.86 2 77.09 0 0.00
97137 PAUL 0 1 0 0 0 0.00 1 76.06 0 0.00 0 0.00 0 0.00
97301 SALEM 18 20 7 1 19 74.01 1 54.73 11 57.64 1 192.78 1 45.58
97302 SALEM 17 18 3 0 13 87.51 3 67.94 9 68.47 1 98.28 1 92.32
97303 KEIZER 17 13 7 6 6 101.26 0 0.00 6 64.90 0 0.00 0 0.00
97305 SALEM 16 17 4 0 7 78.48 1 43.84 4 60.22 0 0.00 1 44.31
97306 SALEM 8 8 4 1 21 100.02 3 84.36 3 62.50 0 0.00 0 0.00
97317 SALEM 5 5 2 0 3 80.96 0 0.00 10 68.99 0 0.00 0 0.00
97325 AUMSVILLE 3 2 1 0 1 116.36 0 0.00 0 0.00 0 0.00 0 0.00
97346 GATES 0 0 0 0 0 0.00 0 0.00 1 0.00 0 0.00 0 0.00
97350 IDANHA 1 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
97352 JEFFERSON
MOUNT 3 3 2 0 0 0.00 1 74.66 2 74.55 0 0.00 0 0.00
97362 ANGEL
SCOTTS 3 1 0 0 2 80.72 0 0.00 0 0.00 0 0.00 0 0.00
97375 MILLS 0 0 0 0 0 0.00 0 0.00 1 101.42 0 0.00 0 0.00
97381 SILVERTON 2 3 0 0 5 96.57 2 97.35 2 50.51 0 0.00 0 0.00
97383 STAYTON 1 3 1 0 1 134.68 0 0.00 2 87.86 0 0.00 0 0.00
97384 MEHAMA 0 1 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
97392 TURNER 6 2 3 0 2 89.76 0 0.00 4 44.15 0 0.00 0 0.00

Total 118 103 39 9 84 90.35 13 76.89 66 62.50 4 84.69 3 45.58

Short Sale Analysis- Demand for this report originated from Real Estate Professionals working Short Sale Transactions. Many found the short sale process
varied widely from lender to lender. The principle question asked: "which lenders are opting for a short sale instead of foreclosure". Knowing which lender(s) are
approving Short Sales, real estate professionals now can focus on working opportunities with lenders which are more likely to approve a short sale and in a
reasonable timeframe.
REO Sales Analysis- In many markets there are more Bank Owned properties currently not listed for sale, not listed on the MLS or actively marketed. While
there are several reasons for this, both investors and real estate professionals are seeking to identify which lenders are selling their REO assets which represent
new sales and investment opportunities.

Investor Auction Purchases- Our report separates Trustee Deeds conveyed to investors and REO properties going back to the bank. In addition the report
reveals the ratio between auction sales to investors and the assumption rate for banks taking on REO assets.

Market Summary by ZIP Code- Published monthly by County, the first pages are a summary by ZIP code, by SFR and Condo/Townhomes.
# NOD- Count of Notices of Default filed in the period
# NOT- Count of Notices of Trustee Sale filed in the period
# REO- Count of Trustee Deeds that failed to sell at Auction and now Bank REO
# Auction Purchase- Cash Sales at bank auction typically to investors

*Information deemed reliable but not guaranteed