MENLO PARK MARKET TREND

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Feb. 12 Jan. 12 % Change Feb. 12 Feb. 11 % Change Dec. 11 to Feb. 12 Dec. 10 to Feb. 11 % Change For Sale 29 26 11.5%  29 59 -50.8%  26 53 -50.9%  Sold 24 13 84.6%  24 8 200%  21 18 16.7%  Pended 30 27 11.1%  30 29 3.4%  24 23 4.3%

Date 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11 1/12 2/12 For Sale 41 59 59 67 73 63 54 46 46 51 58 29 22 26 29 New Listing 15 42 32 54 55 49 48 35 35 31 46 10 17 30 39 Sold 24 23 8 30 29 55 44 45 30 24 28 31 27 13 24 Pended 21 19 29 31 50 50 44 29 26 25 33 28 15 27 30 Months of Inventory (Closed Sales) 1.7 2.6 7.4 2.2 2.5 1.1 1.2 1 1.5 2.1 2.1 0.9 0.8 2 1.2 Months of Inventory (Pended Sales) 2 3.1 2 2.2 1.5 1.3 1.2 1.6 1.8 2 1.8 1 1.5 1 1 Absorption Rate (Closed Sales) % 58.5 39 13.6 44.8 39.7 87.3 81.5 97.8 65.2 47.1 48.3 106.9 122.7 50 82.8 Absorption Rate (Pended Sales) % 51.2 32.2 49.2 46.3 68.5 79.4 81.5 63 56.5 49 56.9 96.6 68.2 103.8 103.4 Avg. Active Price 1032 1240 1314 1297 1432 1438 1610 1566 1723 1691 1465 1624 1259 1319 1394 Avg. Sold Price 1318 1053 1188 1505 1449 1382 1283 1214 1036 1299 1563 1356 1220 1391 1055 Avg. Sq. Ft. Price 692 557 652 635 686 667 644 674 635 579 739 681 700 685 658 Sold/List Diff. % 96 99 101 98 100 99 100 99 99 98 100 98 99 97 99 Sold/Orig LP Diff. % 93 96 100 97 99 100 97 98 97 97 98 96 96 94 98 Days on Market 68 39 37 39 36 31 61 40 42 33 44 41 38 72 29 Avg CDOM 69 39 37 39 41 37 65 52 42 43 50 41 50 72 39 Median 1463 800 1307 1191 1390 1198 1263 1140 860 940 1617 1375 1010 1195 765

* All reports are published March 2012, based on data available at the end of February 2012. All reports presented are based on data supplied by Contra Costa, Bay East, MLSListings, San Fransisco MLS, Metrolist and BAREIS MLS. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.