MARKET ACTION REPORT

April 2013

City: Rancho Santa FeColdwell Banker Rancho Santa Fe

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Based on information from SANDICOR, Inc. for the period 5/1/2010 through 4/30/2013. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $3,345,000 5% � 20% � � � �Average List Price of all Current Listings $4,375,741 5% � 21% � � � �April Median Sales Price $1,875,000 -5% -9% 25% -11% $2,050,000 11% -2%April Average Sales Price $2,157,415 3% -2% 13% -8% $2,201,568 4% -7%Total Properties Currently for Sale (Inventory) 242 -1% � 0% � � � �April Number of Properties Sold 24 -8% � 14% � 87 21% �April Average Days on Market (Solds) 74 -4% -30% -25% -46% 106 -35% -23%Asking Price per Square Foot (based on New Listings) $563 -1% 1% 2% 1% $558 12% 0%April Sold Price per Square Foot $430 -2% 0% 12% 1% $431 8% 1%

April Month's Supply of Inventory 10.1 7% -3% -12% -10% 10.7 -20% -4%April Sale Price vs List Price Ratio 94.1% 3.2% 3% 0% 3.1% 91.1% -0.9% -0.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales April Property sales were 24, up 14.3% from 21 in April of 2012 and -7.7% lower than the 26 sales last month. April 2013 sales were at theirhighest level compared to April of 2012 and 2011. April YTD sales of 87 are running 20.8% ahead of last year's year-to-date sales of 72.

Prices The Median Sales Price in April was $1,875,000, up 25.0% from $1,500,000 in April of 2012 and down -4.8% from $1,970,000 last month. The Average Sales Price in April was $2,157,415, up 13.4% from $1,901,736 in April of 2012 and up 3.2% from $2,091,100 last month. April2013 ASP was at highest level compared to April of 2012 and 2011.

MARKET ACTION REPORT

April 2013

City: Rancho Santa FeColdwell Banker Rancho Santa Fe

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Based on information from SANDICOR, Inc. for the period 5/1/2010 through 4/30/2013. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.

Inventory & MSI The Total Inventory of Properties available for sale as of April was 242, down -1.2% from 245 last month and up 0.4% from 241 in April of lastyear. April 2013 Inventory was at a mid range compared to April of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2013 MSI of 10.1 months was atits lowest level compared with April of 2012 and 2011.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for Aprilwas 74, down -3.9% from 77 days last month and down -25.3% from 99 days in April of last year. The April 2013 DOM was at its lowest levelcompared with April of 2012 and 2011.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on thedirection of Property values. The April 2013 Selling Price per Square Foot of $430 was down -2.1% from $439 last month and up 12.3% from$383 in April of last year.

MARKET ACTION REPORT

April 2013

City: Rancho Santa FeColdwell Banker Rancho Santa Fe

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Based on information from SANDICOR, Inc. for the period 5/1/2010 through 4/30/2013. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLS's may not reflect all real estate activity in the market.

Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratiois below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2013 Selling Pricevs List Price of 94.1% was up from 91.2% last month and down from 94.5% in April of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2013 was 76, equal to76 last month and up 65.2% from 46 in April of last year.