Market Dynamics

Prepared For

Livingston Parish, Louisiana ALL AREAS

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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04/13/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Mar-11 vs. Mar-12: The median sold price is down 2%

Mar-11 vs. Mar-12

Mar-11 145,500
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Mar-12 142,675
All Construction Type:

Change -2,825
All Bedrooms: All

% -2%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Mar-11 vs. Mar-12: The median sold price is down 2%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

Median Price 142,675 145,000 135,000 136,900 138,250 153,000 140,900 141,100 138,000 150,750 147,950 140,000 145,500

# Units 98 89 90 71 68 75 132 104 99 110 96 93 110

Average DOM 102 104 110 106 97 91 91 106 100 98 112 96 112

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Mar-11 vs. Mar-12: The median price of for sale properties is up 3% and the median price of sold properties is down 2%

Mar-11 vs. Mar-12

Mar-11 155,000
MLS: GBRAR Property Types: MLS Area:

Mar-11 vs. Mar-12

% +3%
All Construction Type: All Bedrooms:

Mar-12 159,900
Period: 1 year (monthly)

Change 4,900
Price:

Mar-11 145,500
All

Mar-12 142,675
Bathrooms: All

Change -2,825
Lot Size: All Sq Ft: All

% -2%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Mar-11 vs. Mar-12: The median price of for sale properties is up 3% and the median price of sold properties is down 2%
For Sale Median 159,900 159,500 157,900 155,250 155,118 155,300 155,900 154,900 154,900 152,950 153,900 154,900 155,000 # Properties For Sale 968 973 970 951 982 1,029 973 1,033 1,024 1,010 1,003 1,015 1,035 Sold Median 142,675 145,000 135,000 136,900 138,250 153,000 140,900 141,100 138,000 150,750 147,950 140,000 145,500 # Properties Sold 98 89 90 71 68 75 132 104 99 110 96 93 110 Price Difference -17,225 -14,500 -22,900 -18,350 -16,867 -2,300 -15,000 -13,800 -16,900 -2,200 -5,950 -14,900 -9,500

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Mar-11 vs. Mar-12: The number of Sold properties is down 11%

Mar-11 vs. Mar-12

Mar-11 110
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 98
Construction Type:

Change -12
All Bedrooms: All

% -11%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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04/13/2012

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Mar-11 vs. Mar-12: The number of Sold properties is down 11%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

# Properties 98 89 90 71 68 75 132 104 99 110 96 93 110

Median Price 142,675 145,000 135,000 136,900 138,250 153,000 140,900 141,100 138,000 150,750 147,950 140,000 145,500

Average DOM 102 104 110 106 97 91 91 106 100 98 112 96 112

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Mar-11 vs. Mar-12: The number of Under Contract properties is up 30%

Mar-11 vs. Mar-12

Mar-11 107
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 139
Construction Type:

Change 32
All Bedrooms: All

% +30%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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04/13/2012

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Mar-11 vs. Mar-12: The number of Under Contract properties is up 30%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

# Properties 139 129 98 75 85 86 90 128 94 123 105 94 107

Median Price 149,900 149,900 142,400 132,200 138,900 139,900 154,900 141,645 154,950 144,500 149,900 147,900 150,000

Average DOM 95 104 104 115 98 117 93 93 105 98 109 102 108

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month

Mar-11 vs. Mar-12: The number of New properties is down 6%

Mar-11 vs. Mar-12

Mar-11 194
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 183
Construction Type:

Change -11
All Bedrooms: All

% -6%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month

Mar-11 vs. Mar-12: The number of New properties is down 6%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

# Properties 183 172 190 114 131 227 163 183 231 191 179 187 194

Median Price 154,900 159,900 159,500 145,250 139,900 154,900 149,900 155,000 154,900 150,000 144,900 149,900 155,000

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Mar-11 vs. Mar-12: The number of For Sale properties is down 6%

Mar-11 vs. Mar-12

Mar-11 1,035
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 968
Construction Type:

Change -67
All Bedrooms: All

% -6%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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04/13/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Mar-11 vs. Mar-12: The number of For Sale properties is down 6%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

# Properties 968 973 970 951 982 1,029 973 1,033 1,024 1,010 1,003 1,015 1,035

Median Price 159,900 159,500 157,900 155,250 155,118 155,300 155,900 154,900 154,900 152,950 153,900 154,900 155,000

Average DOM 141 140 140 144 133 126 127 124 122 128 132 134 134

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Mar-11 vs. Mar-12: The number of Expired properties is down 37%

Mar-11 vs. Mar-12

Mar-11 100
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 63
Construction Type:

Change -37
All Bedrooms: All

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

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Mar-11 vs. Mar-12: The number of Expired properties is down 37%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

# Properties 63 59 71 96 60 92 81 95 80 94 79 97 100

Median Price 149,000 150,000 175,000 159,500 163,628 154,900 159,900 154,900 151,450 149,900 165,000 152,000 165,000

Average DOM 192 178 187 177 175 160 148 179 164 204 197 202 179

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Mar-11 vs. Mar-12: The number of for sale properties is down 6% and the number of sold properties is down 11%

Mar-11 vs. Mar-12

Mar-11 1,035
MLS: GBRAR Property Types: MLS Area:

Mar-11 vs. Mar-12

% -6%
All Construction Type: All Bedrooms:

Mar-12 968
Period: 1 year (monthly)

Change -67
Price:

Mar-11 110
All

Mar-12 98
Bathrooms: All

Change -12
Lot Size: All Sq Ft: All

% -11%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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04/13/2012

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Mar-11 vs. Mar-12: The number of for sale properties is down 6% and the number of sold properties is down 11%
# Properties For Sale 968 973 970 951 982 1,029 973 1,033 1,024 1,010 1,003 1,015 1,035 Average DOM For Sale 141 140 140 144 133 126 127 124 122 128 132 134 134 # Properties Sold 98 89 90 71 68 75 132 104 99 110 96 93 110 Average DOM Sold 102 104 110 106 97 91 91 106 100 98 112 96 112

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Mar-11 vs. Mar-12: The average days on market is down 12%

Mar-11 vs. Mar-12

Mar-11 108
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 95
Construction Type:

Change -13
All Bedrooms: All

% -12%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

1 of 2
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04/13/2012

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Mar-11 vs. Mar-12: The average days on market is down 12%

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

Average DOM 95 104 104 115 98 117 93 93 105 98 109 102 108

# UC Units 139 129 98 75 85 86 90 128 94 123 105 94 107

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Mar-11 vs. Mar-12: The average months supply of inventory is down 29%

Mar-11 vs. Mar-12

Mar-11 7.7
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-12 5.5
Construction Type:

Change -2.2
All Bedrooms: All

% -29%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) LIV MLS AREA 80, LIV MLS AREA 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Mar-11 vs. Mar-12: The average months supply of inventory is down 29%
# Units For Sale Last Day of Month 766 785 801 780 837 851 802 810 850 793 819 824 828 # UC Units During Month 139 129 98 75 85 86 90 128 94 123 105 94 107 UC Average DOM 95 104 104 115 98 117 93 93 105 98 109 102 108

Time Period Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11

MSI 5.5 6.1 8.2 10.4 9.8 9.9 8.9 6.3 9.0 6.4 7.8 8.8 7.7

Clarus MarketMetrics

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