ATHERTON MARKET TREND

Curnt vs. Prev Month Curnt vs. Prev 6 Months Feb. 12 Jan. 12 % Change Feb. 12 Sep. 11 % Change For Sale 22 20 10%  22 34 -35.3%  Sold 3 2 50%  3 6 -50%  Pended 4 3 33.3%  4 7 -42.9%

Date 9/11 10/11 11/11 12/11 1/12 2/12 For Sale 34 30 23 18 20 22 New Listing 10 11 5 3 6 10 Sold 6 5 7 9 2 3 Pended 7 7 10 3 3 4 Months of Inventory (Closed Sales) 5.7 6 3.3 2 10 7.3 Months of Inventory (Pended Sales) 4.9 4.3 2.3 6 6.7 5.5 Absorption Rate (Closed Sales) % 17.6 16.7 30.4 50 10 13.6 Absorption Rate (Pended Sales) % 20.6 23.3 43.5 16.7 15 18.2 Avg. Active Price 6558 6568 7480 8025 7179 7486 Avg. Sold Price 3391 4538 4074 3831 3325 5258 Avg. Sq. Ft. Price 896 971 874 994 812 866 Sold/List Diff. % 99 97 99 97 98 95 Sold/Orig LP Diff. % 94 91 99 92 84 91 Days on Market 40 80 35 65 134 68 Avg CDOM 40 80 63 67 134 68 Median 3494 4100 4260 3175 3325 5200