GREATER METROPOLITAN DENVER MARKET HOMES SOLD FOR $1 MILLION OR GREATER JANUARY, 2013

Market Metrics: Forty one homes closed in January, 2013 for $1 Million or greater with a closed dollar volume of $58.0 Million. Monthly Market Recap: . Single Family: Active Inventory is 511 homes at month end Sold homes is 39 Average Sold Price is $1,430,003 Median Sold Price is $1,250,000 Average Price per Square Foot is $325

Condo: Active Inventory is 31 homes at month end Sold homes is 2 Average Sold Price is $1,120,500 Median Sold Price is $1,120,500 Average Price per Square Foot is $452

For Single Family, 10 each were in Boulder County and Denver County and Douglas County, 7 were in Arapahoe County, and 2 were in Jefferson County. For Condo, 1 each was in Boulder County and Denver County. Of the 39 Single Family homes sold, the highest priced closing for the month was $4.1Million representing 7 Bedrooms, 8 Baths, and 7,042 square feet. January Year-to-Date Market Recap (2013 versus 2012): Single Family: Active Inventory 511 versus 644 (21%) Sold Units 39 versus 33 (18%) Sales Volume $55.8M versus $47.3M (18%) Average Sold Price $1.4M versus $1.4M () Condos: Active Inventory 31 versus 65 (52%) Sold Units 2 versus 5 (60%) Sales Volume $2.2M versus $6.9M (68%) Average Sold Price $1.1M versus $1.4M (19%)

Of the 39 Single Family homes sold year to date, the highest priced closing for the year was $4.1 Million representing 7 bedrooms, 8 bathrooms, and 7,042 square feet. Of the 2 Condo homes sold year to date, the highest priced closing for the year was $1.15 Million representing 2 bedrooms, 2 bathrooms, and 1,957 square feet.

Notes: The above representation covers an eleven (11) county area including the counties of Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. The above representation may or may not reflect all real estate activity in the market. Source: Metrolist, Inc. 2013 Garold D Bauer, All Rights Reserved, Information Deemed Reliable But Not Guaranteed