San Leandro Market Data—2009 Q4

Residential Sales Data from October 1st thru December 31st 2009

Market Analysis —San Leandro homes sales are driven by the super-heated sub
$300k market. Although total number of sales are down 13%, median price has
held steady, showing no change from 2008 Q4. The real story here is the
continuing sell off of existing inventory without a corresponding supply of new
homes for sale, buyers must compete fiercely for a 1-2 bedroom in this super tight
inventory “seller’s market”.

2008 Q4 Market Price 2009 Q4 Market Price

Composition $600K- Composition $600K-
$300K- $900K $900K
$600K 2% 3%
63%
$900K+ $900K+
$300K-
0% 0%
$600K
57%
$0-$300K
$0-
40%
$300K
35%

Median Sold Price # Sold MSI % of SP over/under

4Q ’08 4Q ‘09 % Chg 4Q ’08 4Q ‘09 4Q ’08 4Q ’09 4Q ’08 4Q ‘09

1-2 Bed Res DET $281,000 $290,000 3% 58 49 4.3 1.5 92% 102%

3+ Bed Res DET $373,000 $369,000 -1% 166 134 4 1.8 95% 99%

TH/Condos $250,000 $176,000 -30% 27 36 8.6 2.4 92% 98%

Overall $337,000 $338,000 0% 251 219 4.6 1.8 94% 100%

# For Sale # of Pending

450 120
400
100
350
300 80
250
60
200
150 40
100
20
50
0 0
Jan March May July Se pt Nov Jan March May July Se pt Nov

Disclaimer: Data is not guaranteed to be accurate but is derived from verifiable sources, EBRD and Terradatum.