Market Dynamics

Prepared For

Galveston County, Texas

Jeff Bulman Bulman Real Estate | 281.450.8689

Clarus MarketMetrics
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

05/29/2012

1 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Median Sold Price by Month

Apr-11 vs. Apr-12: The median sold price is up 4%

Apr-11 vs. Apr-12

Apr-11 163,720
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price:

Apr-12 170,750
All Construction Type:

Change 7,030
All Bedrooms: All

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

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

2 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Median Sold Price by Month

Apr-11 vs. Apr-12: The median sold price is up 4%

Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11

Median Price 170,750 165,000 160,000 140,000 169,000 157,482 163,500 170,000 159,000 165,000 164,950 169,700 163,720

# Units 304 300 237 180 273 236 251 279 337 267 292 308 294

Average DOM 107 101 106 106 114 94 102 86 102 104 110 97 118

Clarus MarketMetrics

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05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

3 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Median For Sale vs. Median Sold

Apr-11 vs. Apr-12: The median price of for sale properties is up 4% and the median price of sold properties is up 4%

Apr-11 vs. Apr-12

Apr-11 187,250
MLS: HAR Property Types: Counties:

Apr-11 vs. Apr-12

% +4%
All Construction Type: All Bedrooms:

Apr-12 195,000
Period: 1 year (monthly)

Change 7,750
Price:

Apr-11 163,720
All

Apr-12 170,750
Bathrooms: All

Change 7,030
Lot Size: All Sq Ft: All

% +4%

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

4 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Median For Sale vs. Median Sold

Apr-11 vs. Apr-12: The median price of for sale properties is up 4% and the median price of sold properties is up 4%
For Sale Median 195,000 189,000 185,000 179,925 182,900 183,040 184,900 184,900 183,000 180,000 181,000 184,900 187,250 # Properties For Sale 2,889 2,880 2,818 2,816 2,791 3,011 3,177 3,225 3,429 3,487 3,497 3,417 3,422 Sold Median 170,750 165,000 160,000 140,000 169,000 157,482 163,500 170,000 159,000 165,000 164,950 169,700 163,720 # Properties Sold 304 300 237 180 273 236 251 279 337 267 292 308 294 Price Difference -24,250 -24,000 -25,000 -39,925 -13,900 -25,558 -21,400 -14,900 -24,000 -15,000 -16,050 -15,200 -23,530

Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11

Clarus MarketMetrics

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05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

5 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Sold Properties by Month

Apr-11 vs. Apr-12: The number of Sold properties is up 3%

Apr-11 vs. Apr-12

Apr-11 294
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 304
Construction Type:

Change 10
All Bedrooms: All

% +3%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

6 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Sold Properties by Month

Apr-11 vs. Apr-12: The number of Sold properties is up 3% Full Market
Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 # Properties 304 300 237 180 273 236 251 279 337 267 292 308 294 Median Price 170,750 165,000 160,000 140,000 169,000 157,482 163,500 170,000 159,000 165,000 164,950 169,700 163,720 Average DOM 107 101 106 106 114 94 102 86 102 104 110 97 118

Bank Properties
# Properties 48 55 47 56 61 53 55 58 62 53 60 58 63 % Bank 15.8 18.3 19.8 31.1 22.3 22.5 21.9 20.8 18.4 19.9 20.6 18.8 21.4 Median Price 86,100 69,901 102,000 82,715 80,000 80,000 107,000 88,950 90,800 110,000 89,162 73,200 90,000

Non-Bank Properties
# Properties 256 245 190 124 212 183 196 221 275 214 232 250 231 % Non-Bank 84.2 81.7 80.2 68.9 77.7 77.5 78.1 79.2 81.6 80.2 79.5 81.2 78.6 Median Price 179,250 174,990 170,675 162,250 185,010 179,800 179,400 188,900 170,000 181,750 183,750 182,050 180,175

Clarus MarketMetrics

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05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

7 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Under Contract Properties by Month

Apr-11 vs. Apr-12: The number of Under Contract properties is up 15%

Apr-11 vs. Apr-12

Apr-11 342
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 392
Construction Type:

Change 50
All Bedrooms: All

% +15%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

8 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Under Contract Properties by Month

Apr-11 vs. Apr-12: The number of Under Contract properties is up 15% Full Market
Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 # Properties 392 373 303 269 192 229 266 241 299 314 284 284 342 Median Price 179,994 169,239 174,900 159,500 162,400 169,900 162,200 174,900 157,000 174,700 173,450 164,900 170,000 Average DOM 94 97 110 110 109 103 110 99 89 100 106 108 108

Bank Properties
# Properties 58 61 56 63 51 56 57 52 63 50 58 56 77 % Bank 14.8 16.4 18.5 23.4 26.6 24.4 21.4 21.6 21.1 15.9 20.4 19.7 22.5 Median Price 95,950 80,750 75,500 109,900 89,900 86,240 82,800 107,450 100,900 94,000 120,985 83,000 84,900

Non-Bank Properties
# Properties 334 312 247 206 141 173 209 189 236 264 226 228 265 % Non-Bank 85.2 83.7 81.5 76.6 73.4 75.5 78.6 78.4 78.9 84.1 79.6 80.3 77.5 Median Price 199,974 181,450 185,900 179,900 179,900 199,500 179,900 188,000 169,945 189,900 184,900 184,950 199,900

Clarus MarketMetrics

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05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

9 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

New Properties by Month

Apr-11 vs. Apr-12: The number of New properties is down 10%

Apr-11 vs. Apr-12

Apr-11 671
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 606
Construction Type:

Change -65
All Bedrooms: All

% -10%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

10 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

New Properties by Month

Apr-11 vs. Apr-12: The number of New properties is down 10% Full Market
Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 # Properties 606 625 570 561 293 428 529 444 562 558 635 615 671 Median Price 190,000 189,900 182,000 175,000 164,900 164,700 165,000 166,450 179,000 169,900 164,900 169,900 184,900

Bank Properties
# Properties 75 70 67 62 54 73 75 55 72 67 82 72 87 % Bank 12.4 11.2 11.8 11.1 18.4 17.1 14.2 12.4 12.8 12.0 12.9 11.7 13.0 Median Price 108,000 86,450 100,800 106,400 94,455 110,000 91,000 99,000 98,116 104,900 95,450 114,900 95,250

Non-Bank Properties
# Properties 531 555 503 499 239 355 454 389 490 491 553 543 584 % Non-Bank 87.6 88.8 88.2 89.0 81.6 82.9 85.8 87.6 87.2 88.0 87.1 88.3 87.0 Median Price 199,900 209,000 196,000 180,000 179,500 179,000 174,500 174,900 189,250 179,900 174,000 179,000 199,500

Clarus MarketMetrics

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05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

11 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

For Sale Properties by Month

Apr-11 vs. Apr-12: The number of For Sale properties is down 16%

Apr-11 vs. Apr-12

Apr-11 3,422
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 2,889
Construction Type:

Change -533
All Bedrooms: All

% -16%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

12 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

For Sale Properties by Month

Apr-11 vs. Apr-12: The number of For Sale properties is down 16% Full Market
Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 # Properties 2,889 2,880 2,818 2,816 2,791 3,011 3,177 3,225 3,429 3,487 3,497 3,417 3,422 Median Price 195,000 189,000 185,000 179,925 182,900 183,040 184,900 184,900 183,000 180,000 181,000 184,900 187,250 Average DOM 139 144 151 159 169 156 151 149 141 137 134 133 133

Bank Properties
# Properties 253 255 262 280 294 307 299 289 320 313 326 319 346 % Bank 8.8 8.8 9.3 9.9 10.5 10.2 9.4 9.0 9.3 9.0 9.3 9.3 10.1 Median Price 108,000 99,900 99,950 103,950 104,450 101,900 94,900 101,331 101,516 100,999 105,950 104,000 99,900

Non-Bank Properties
# Properties 2,636 2,625 2,556 2,536 2,497 2,704 2,878 2,936 3,109 3,174 3,171 3,098 3,076 % Non-Bank 91.2 91.2 90.7 90.1 89.5 89.8 90.6 91.0 90.7 91.0 90.7 90.7 89.9 Median Price 207,900 199,900 195,000 189,900 193,500 192,700 192,900 194,950 190,495 189,900 191,000 194,945 199,000

Clarus MarketMetrics

2 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

13 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Expired Properties by Month

Apr-11 vs. Apr-12: The number of Expired properties is down 9%

Apr-11 vs. Apr-12

Apr-11 278
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 253
Construction Type:

Change -25
All Bedrooms: All

% -9%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

14 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Expired Properties by Month

Apr-11 vs. Apr-12: The number of Expired properties is down 9% Full Market
Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 # Properties 253 224 260 299 344 284 328 336 349 306 284 271 278 Median Price 185,000 159,000 175,450 169,500 199,945 169,900 185,200 175,250 169,900 174,500 179,950 174,900 189,900 Average DOM 201 191 180 183 208 171 171 165 161 164 176 154 167

Bank Properties
# Properties 23 16 21 22 25 11 8 13 23 15 22 19 22 % Bank 9.1 7.1 8.1 7.4 7.3 3.9 2.4 3.9 6.6 4.9 7.8 7.0 7.9 Median Price 115,000 87,200 95,750 129,950 145,000 120,000 200,842 154,350 110,000 101,900 147,000 110,000 167,400

Non-Bank Properties
# Properties 230 208 239 277 319 273 320 323 326 291 262 252 256 % Non-Bank 90.9 92.9 91.9 92.6 92.7 96.1 97.6 96.1 93.4 95.1 92.2 93.0 92.1 Median Price 196,950 163,000 184,900 176,500 207,900 171,000 184,900 179,000 174,500 176,000 183,250 175,000 192,900

Clarus MarketMetrics

2 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

15 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Supply & Demand by Month

Apr-11 vs. Apr-12: The number of for sale properties is down 16% and the number of sold properties is up 3%

Apr-11 vs. Apr-12

Apr-11 3,422
MLS: HAR Property Types: Counties:

Apr-11 vs. Apr-12

% -16%
All Construction Type: All Bedrooms:

Apr-12 2,889
Period: 1 year (monthly)

Change -533
Price:

Apr-11 294
All

Apr-12 304
Bathrooms: All

Change 10
Lot Size: All Sq Ft: All

% +3%

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

16 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Supply & Demand by Month

Apr-11 vs. Apr-12: The number of for sale properties is down 16% and the number of sold properties is up 3%
# Properties For Sale 2,889 2,880 2,818 2,816 2,791 3,011 3,177 3,225 3,429 3,487 3,497 3,417 3,422 Average DOM For Sale 139 144 151 159 169 156 151 149 141 137 134 133 133 # Properties Sold 304 300 237 180 273 236 251 279 337 267 292 308 294 Average DOM Sold 107 101 106 106 114 94 102 86 102 104 110 97 118

Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11

Clarus MarketMetrics

2 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

17 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

The Average Days on Market by Month

Apr-11 vs. Apr-12: The average days on market is down 14%

Apr-11 vs. Apr-12

Apr-11 108
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 94
Construction Type:

Change -15
All Bedrooms: All

% -14%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

18 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

The Average Days on Market by Month

Apr-11 vs. Apr-12: The average days on market is down 14%

Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11

Average DOM 94 97 110 110 109 103 110 99 89 100 106 108 108

# UC Units 392 373 303 269 192 229 266 241 299 314 284 284 342

Clarus MarketMetrics

2 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

19 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Months Supply of Inventory

Apr-11 vs. Apr-12: The average months supply of inventory is down 30%

Apr-11 vs. Apr-12

Apr-11 8.2
MLS: HAR Property Types: Counties: Period: 1 year (monthly) Price: All

Apr-12 5.7
Construction Type:

Change -2.5
All Bedrooms: All

% -30%
Bathrooms: All Lot Size: All Sq Ft: All

Single-Family: (Free Standing) Galveston

Clarus MarketMetrics

1 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

20 of 21

Jeff Bulman

Bulman Real Estate | 281.450.8689

Months Supply of Inventory

Apr-11 vs. Apr-12: The average months supply of inventory is down 30%
# Units For Sale Last Day of Month 2,244 2,283 2,255 2,248 2,255 2,498 2,583 2,648 2,781 2,867 2,929 2,862 2,802 # UC Units During Month 392 373 303 269 192 229 266 241 299 314 284 284 342 UC Average DOM 94 97 110 110 109 103 110 99 89 100 106 108 108

Time Period Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11

MSI 5.7 6.1 7.4 8.4 11.7 10.9 9.7 11.0 9.3 9.1 10.3 10.1 8.2

Clarus MarketMetrics

2 of 2

05/29/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2012 - 2013 Houston Association of Realtors Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Association of Realtors

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