GREEN TRAILS

AT

SHENANDOAH

BATON ROUGE

HOME SALES

REPORT

Q3 2011 VS

Q3 2014

Based on information from

Greater Baton Rouge

Association of REALTORS®\MLS

for period 07/01/2011 to

09/30/2014, extracted on

10/22/2014.

Q3-2014352,500

Q3-2011366,000

%-4

Change-13,500

Q3-2011 vs Q3-2014: The median sold price is down -4%Median Sold Price by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

Median Sold Price by quarterQ3-2011 vs Q3-2014: The median sold price is down -4%

Accurate Valuations GroupWilliam Cobb

Sold Median Price Units Avg DOMTime Period

Q3 2014 352,500 5 92

Q2 2014 383,600 6 83

Q1 2014 354,000 11 109

Q4 2013 399,500 6 130

Q3 2013 370,000 5 65

Q2 2013 407,500 6 66

Q1 2013 360,500 5 62

Q4 2012 348,950 6 87

Q3 2012 320,000 7 135

Q2 2012 382,450 6 70

Q1 2012 344,900 9 155

Q4 2011 385,200 6 36

Q3 2011 366,000 4 62

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-20145

Q3-20114

%25

Change1

Q3-2011 vs Q3-2014: The number of Sold properties is up 25%Sold Properties by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

Sold Properties by quarterQ3-2011 vs Q3-2014: The number of Sold properties is up 25%

Accurate Valuations GroupWilliam Cobb

Time Period

Full Market

Units Median Price Avg DOM

Bank Properties

Units % Bank Median Price

Non-Bank Properties

Units % Non-Bank Median Price

Q3 2014 352,5005 92 0 0.0 5 100.0 352,500

Q2 2014 383,6006 83 0 0.0 6 100.0 383,600

Q1 2014 354,00011 109 0 0.0 11 100.0 354,000

Q4 2013 399,5006 130 0 0.0 6 100.0 399,500

Q3 2013 370,0005 65 0 0.0 5 100.0 370,000

Q2 2013 407,5006 66 0 0.0 6 100.0 407,500

Q1 2013 360,5005 62 0 0.0 5 100.0 360,500

Q4 2012 348,9506 87 1 16.7 318,900 5 83.3 379,000

Q3 2012 320,0007 135 0 0.0 7 100.0 320,000

Q2 2012 382,4506 70 1 16.7 247,500 5 83.3 385,000

Q1 2012 344,9009 155 1 11.1 362,000 8 88.9 331,200

Q4 2011 385,2006 36 0 0.0 6 100.0 385,200

Q3 2011 366,0004 62 0 0.0 4 100.0 366,000

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-20141

Q3-20116

%-83

Change-5

Q3-2011 vs Q3-2014: The number of Under Contract properties is down -83%Under Contract Properties by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

AllBathrooms: SqFt:All

: Residential

All Square FootageConstruction Type: Lot Size:GBRAR

Green Trails At Shenandoah

Period: 3 Year QuarterlyPrice:MLS:

All AllAll

Property Types:

Bedrooms:

Subdivision:

Under Contract Properties by quarterQ3-2011 vs Q3-2014: The number of Under Contract properties is down -83%

Accurate Valuations GroupWilliam Cobb

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodQ3 2014 515,0001 16 515,000100.010.00Q2 2014 343,0007 95 343,000100.070.00Q1 2014 373,9508 98 373,950100.080.00Q4 2013 379,9008 121 379,900100.080.00Q3 2013 364,9006 91 364,900100.060.00Q2 2013 374,9506 61 374,950100.060.00Q1 2013 415,0005 77 415,000100.050.00Q4 2012 374,9005 91 377,40080.04319,00020.01Q3 2012 320,0005 46 320,000100.050.00Q2 2012 389,9009 74 389,95088.98249,90011.11Q1 2012 349,4508 161 349,450100.080.00Q4 2011 374,9007 131 454,70085.76374,90014.31Q3 2011 369,9506 61 369,950100.060.00

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-201416

Q3-201161

%-74

Change-45

Q3-2011 vs Q3-2014: The average days on market is down -74%The Average Days on Market by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

Green Trails At ShenandoahAll 3 Year Quarterly

Subdivision:Period:Price:

Property Types: : Residential

10/26/20141/2Clarus MarketMetrics®

All Square FootageBedrooms: All AllSqFt:

All Lot Size:Bathrooms:AllConstruction Type:MLS: GBRAR

The Average Days on Market by quarterQ3-2011 vs Q3-2014: The average days on market is down -74%

Accurate Valuations GroupWilliam Cobb

# UC UnitsAvg DOMTime PeriodQ3 2014 116Q2 2014 795Q1 2014 898Q4 2013 8121Q3 2013 691Q2 2013 661Q1 2013 577Q4 2012 591Q3 2012 546Q2 2012 974Q1 2012 8161Q4 2011 7131Q3 2011 661

Clarus MarketMetrics® 2/2 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

Q3-20143

Q3-20116

%-50

Change-3

Q3-2011 vs Q3-2014: The number of Expired properties is down -50%Expired Properties by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

10/26/2014Clarus MarketMetrics® 1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

Expired Properties by quarterQ3-2011 vs Q3-2014: The number of Expired properties is down -50%

Accurate Valuations GroupWilliam Cobb

Median Price Units% BankAvg DOMUnits Median Price

Bank Properties

Units

Non-Bank Properties

% Non-Bank Median Price

Full Market

Q3 2014 419,9003 21 0 0.0 3 100.0 419,900Q2 2014 399,9001 182 0 0.0 1 100.0 399,900Q1 2014 459,4504 146 0 0.0 4 100.0 459,450Q4 2013 329,9001 72 0 0.0 1 100.0 329,900Q3 2013 420,8506 195 0 0.0 6 100.0 420,850Q2 2013 480,0001 1 0 0.0 1 100.0 480,000Q1 2013 0 0 0Q4 2012 414,7004 454 0 0.0 4 100.0 414,700Q3 2012 392,4504 182 0 0.0 4 100.0 392,450Q2 2012 350,0003 146 0 0.0 3 100.0 350,000Q1 2012 259,9504 180 0 0.0 4 100.0 259,950Q4 2011 407,2504 222 1 25.0 318,000 3 75.0 419,500Q3 2011 382,2506 202 0 0.0 6 100.0 382,250

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-201413

Q3-201130

%-57

Change-17

Q3-2011 vs Q3-2014: The number of For Sale properties is down -57%For Sale Properties by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

For Sale Properties by quarterQ3-2011 vs Q3-2014: The number of For Sale properties is down -57%

Accurate Valuations GroupWilliam Cobb

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time Period

Q3 2014 419,90013 90 1 7.7 438,000 12 92.3 413,950Q2 2014 395,00013 99 0 0.0 13 100.0 395,000Q1 2014 375,90021 99 0 0.0 21 100.0 375,900Q4 2013 372,90020 111 0 0.0 20 100.0 372,900Q3 2013 389,90023 116 0 0.0 23 100.0 389,900Q2 2013 398,90023 77 0 0.0 23 100.0 398,900Q1 2013 415,00011 108 0 0.0 11 100.0 415,000Q4 2012 389,90015 205 1 6.7 319,000 14 93.3 392,400Q3 2012 384,90020 151 1 5.0 319,000 19 95.0 389,900Q2 2012 389,90023 134 1 4.3 249,900 22 95.7 389,900Q1 2012 349,90025 166 1 4.0 249,900 24 96.0 359,900Q4 2011 369,90027 168 2 7.4 346,450 25 92.6 369,900Q3 2011 372,40030 149 1 3.3 318,000 29 96.7 374,900

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-20148

Q3-20118

%0

Change0

Q3-2011 vs Q3-2014: The number of New properties has not changedNew Properties by quarter

Accurate Valuations Group

Q3-2011 vs. Q3-2014

William Cobb

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

New Properties by quarterQ3-2011 vs Q3-2014: The number of New properties has not changed

Accurate Valuations GroupWilliam Cobb

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodQ3 2014 418,9508 1 12.5 438,000 7 87.5 408,000Q2 2014 447,4504 0 0.0 4 100.0 447,450Q1 2014 385,45010 0 0.0 10 100.0 385,450Q4 2013 343,0009 0 0.0 9 100.0 343,000Q3 2013 358,9007 0 0.0 7 100.0 358,900Q2 2013 398,90017 0 0.0 17 100.0 398,900Q1 2013 368,9005 0 0.0 5 100.0 368,900Q4 2012 377,4504 0 0.0 4 100.0 377,450Q3 2012 379,9009 1 11.1 319,000 8 88.9 387,400Q2 2012 388,45010 0 0.0 10 100.0 388,450Q1 2012 390,0009 1 11.1 249,900 8 88.9 402,500Q4 2011 374,9009 1 11.1 374,900 8 88.9 362,400Q3 2011 372,4008 0 0.0 8 100.0 372,400

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-2011 vs Q3-2014: The number of for sale properties is down -57% and the number of sold properties is up 25%

Accurate Valuations Group

Q3-2011 vs. Q3-2014

30 -57

William Cobb

13Q3-2014

Supply & Demand by quarter

ChangeQ3-2011 %-17

Q3-2011 Q3-2014 %4 25

Q3-2011 vs. Q3-2014

5Change

1

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

Supply & Demand by quarterQ3-2011 vs Q3-2014: The number of for sale properties is down -57% and the number of sold properties is up 25%

William Cobb Accurate Valuations Group

For Sale Sold# Properties

Avg DOM Avg DOM# Properties

Time Period

Q3 2014 90 9213 5Q2 2014 99 8313 6Q1 2014 99 10921 11Q4 2013 111 13020 6Q3 2013 116 6523 5Q2 2013 77 6623 6Q1 2013 108 6211 5Q4 2012 205 8715 6Q3 2012 151 13520 7Q2 2012 134 7023 6Q1 2012 166 15525 9Q4 2011 168 3627 6Q3 2011 149 6230 4

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Q3-2011 vs Q3-2014: The median price of for sale properties is up 13% and the median price of sold properties is down -4%

Accurate Valuations Group

Q3-2011 vs. Q3-2014

372,400 13

William Cobb

419,900Q3-2014

Median For Sale vs Median Sold

ChangeQ3-2011 %47,500

Q3-2011 Q3-2014 %366,000 -4

Q3-2011 vs. Q3-2014

352,500Change-13,500

Clarus MarketMetrics® 10/26/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All3 Year Quarterly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Subdivision:Property Types: : Residential

Green Trails At ShenandoahPrice:

Median For Sale vs Median SoldQ3-2011 vs Q3-2014: The median price of for sale properties is up 13% and the median price of sold properties is down -4%

Accurate Valuations GroupWilliam Cobb

For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price Difference

Time Period

Q3 2014 13 5419,900 352,500 -67,400Q2 2014 13 6395,000 383,600 -11,400Q1 2014 21 11375,900 354,000 -21,900Q4 2013 20 6372,900 399,500 26,600Q3 2013 23 5389,900 370,000 -19,900Q2 2013 23 6398,900 407,500 8,600Q1 2013 11 5415,000 360,500 -54,500Q4 2012 15 6389,900 348,950 -40,950Q3 2012 20 7384,900 320,000 -64,900Q2 2012 23 6389,900 382,450 -7,450Q1 2012 25 9349,900 344,900 -5,000Q4 2011 27 6369,900 385,200 15,300Q3 2011 30 4372,400 366,000 -6,400

Clarus MarketMetrics®Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

10/26/201422/