Market Dynamics

Prepared For

W Livingston Parish, Denham Springs Walker

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Mar-12 vs. Mar-13: The median sold price is up 5%

Mar-12 vs. Mar-13

Mar-12 143,000
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Mar-13 150,000
All Construction Type:

Change 7,000
All Bedrooms: All

% +5%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) 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-12 vs. Mar-13: The median sold price is up 5%

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

Median Price 150,000 154,500 148,725 139,900 149,900 146,950 150,000 159,000 144,500 146,950 152,000 147,250 143,000

# Units 128 78 75 71 73 98 129 91 86 122 99 96 87

Average DOM 102 109 96 64 79 108 105 106 79 107 93 99 100

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Mar-12 vs. Mar-13: The median price of for sale properties is up 2% and the median price of sold properties is up 5%

Mar-12 vs. Mar-13

Mar-12 156,500
MLS: GBRAR Property Types: MLS Area:

Mar-12 vs. Mar-13

% +2%
All Construction Type: All Bedrooms:

Mar-13 159,000
Period: 1 year (monthly)

Change 2,500
Price:

Mar-12 143,000
All

Mar-13 150,000
Bathrooms: All

Change 7,000
Lot Size: All Sq Ft: All

% +5%

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) 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-12 vs. Mar-13: The median price of for sale properties is up 2% and the median price of sold properties is up 5%
For Sale Median 159,000 159,900 159,900 159,900 159,900 159,900 159,900 159,900 159,900 157,900 158,400 158,950 156,500 # Properties For Sale 684 675 696 659 711 774 798 781 818 771 804 814 823 Sold Median 150,000 154,500 148,725 139,900 149,900 146,950 150,000 159,000 144,500 146,950 152,000 147,250 143,000 # Properties Sold 128 78 75 71 73 98 129 91 86 122 99 96 87 Price Difference -9,000 -5,400 -11,175 -20,000 -10,000 -12,950 -9,900 -900 -15,400 -10,950 -6,400 -11,700 -13,500

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Mar-12 vs. Mar-13: The number of Sold properties is up 47%

Mar-12 vs. Mar-13

Mar-12 87
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 128
Construction Type:

Change 41
All Bedrooms: All

% +47%
Bathrooms: All Lot Size: All Sq Ft: All

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Mar-12 vs. Mar-13: The number of Sold properties is up 47%

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

# Properties 128 78 75 71 73 98 129 91 86 122 99 96 87

Median Price 150,000 154,500 148,725 139,900 149,900 146,950 150,000 159,000 144,500 146,950 152,000 147,250 143,000

Average DOM 102 109 96 64 79 108 105 106 79 107 93 99 100

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Mar-12 vs. Mar-13: The number of Under Contract properties is up 25%

Mar-12 vs. Mar-13

Mar-12 108
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 135
Construction Type:

Change 27
All Bedrooms: All

% +25%
Bathrooms: All Lot Size: All Sq Ft: All

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Mar-12 vs. Mar-13: The number of Under Contract properties is up 25%

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

# Properties 135 107 102 71 83 102 95 94 114 95 112 109 108

Median Price 150,000 158,200 152,200 149,900 149,900 149,950 141,900 154,950 139,400 148,000 150,000 158,900 149,900

Average DOM 89 92 103 112 63 105 90 90 120 99 97 91 87

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month

Mar-12 vs. Mar-13: The number of New properties is up 4%

Mar-12 vs. Mar-13

Mar-12 161
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 167
Construction Type:

Change 6
All Bedrooms: All

% +4%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) 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-12 vs. Mar-13: The number of New properties is up 4%

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

# Properties 167 135 167 77 112 146 167 138 192 136 159 148 161

Median Price 154,000 151,900 159,900 149,999 155,250 157,826 157,900 148,950 160,000 149,000 155,000 150,550 148,000

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Mar-12 vs. Mar-13: The number of For Sale properties is down 17%

Mar-12 vs. Mar-13

Mar-12 823
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 684
Construction Type:

Change -139
All Bedrooms: All

% -17%
Bathrooms: All Lot Size: All Sq Ft: All

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Mar-12 vs. Mar-13: The number of For Sale properties is down 17%

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

# Properties 684 675 696 659 711 774 798 781 818 771 804 814 823

Median Price 159,000 159,900 159,900 159,900 159,900 159,900 159,900 159,900 159,900 157,900 158,400 158,950 156,500

Average DOM 127 134 140 156 141 143 139 144 143 152 146 145 144

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Mar-12 vs. Mar-13: The number of Expired properties has not changed

Mar-12 vs. Mar-13

Mar-12 49
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 49
Construction Type:

Change 0
All Bedrooms: All

% 0%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) 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-12 vs. Mar-13: The number of Expired properties has not changed

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

# Properties 49 51 54 59 46 73 75 56 61 50 57 60 49

Median Price 147,900 214,900 162,250 167,900 162,400 166,900 151,900 164,950 170,000 151,950 139,900 159,950 146,900

Average DOM 189 187 220 245 210 244 147 218 178 211 155 189 215

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Mar-12 vs. Mar-13: The number of for sale properties is down 17% and the number of sold properties is up 47%

Mar-12 vs. Mar-13

Mar-12 823
MLS: GBRAR Property Types: MLS Area:

Mar-12 vs. Mar-13

% -17%
All Construction Type: All Bedrooms:

Mar-13 684
Period: 1 year (monthly)

Change -139
Price:

Mar-12 87
All

Mar-13 128
Bathrooms: All

Change 41
Lot Size: All Sq Ft: All

% +47%

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

Clarus MarketMetrics

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04/21/2013

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Mar-12 vs. Mar-13: The number of for sale properties is down 17% and the number of sold properties is up 47%
# Properties For Sale 684 675 696 659 711 774 798 781 818 771 804 814 823 Average DOM For Sale 127 134 140 156 141 143 139 144 143 152 146 145 144 # Properties Sold 128 78 75 71 73 98 129 91 86 122 99 96 87 Average DOM Sold 102 109 96 64 79 108 105 106 79 107 93 99 100

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

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Mar-12 vs. Mar-13: The average days on market is up 2%

Mar-12 vs. Mar-13

Mar-12 87
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 89
Construction Type:

Change 2
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 81, LIV MLS AREA 82, LIV MLS AREA 83

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Mar-12 vs. Mar-13: The average days on market is up 2%

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

Average DOM 89 92 103 112 63 105 90 90 120 99 97 91 87

# UC Units 135 107 102 71 83 102 95 94 114 95 112 109 108

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Mar-12 vs. Mar-13: The average months supply of inventory is down 40%

Mar-12 vs. Mar-13

Mar-12 6.2
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Mar-13 3.7
Construction Type:

Change -2.5
All Bedrooms: All

% -40%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Manufactured/Mobile, Preconstruction DSF, Preconstruction ASF) 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-12 vs. Mar-13: The average months supply of inventory is down 40%
# Units For Sale Last Day of Month 500 517 540 529 582 599 628 631 644 627 637 646 667 # UC Units During Month 135 107 102 71 83 102 95 94 114 95 112 109 108 UC Average DOM 89 92 103 112 63 105 90 90 120 99 97 91 87

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

MSI 3.7 4.8 5.3 7.5 7.0 5.9 6.6 6.7 5.6 6.6 5.7 5.9 6.2

Clarus MarketMetrics

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