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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS November 2013 Quick Facts Market Overview 2 + 18.6% Change in Median Sales Price November was largely another encouraging month for residential real estate. Our attention has shifted from multiyear high prices and sales volumes to seller activity, inventory levels and building permits. And let's not forget the calendar effect. As families gather together, fewer house hunters are scheduling showings and writing offers. Watch for month-to-month activity to moderate while year-over-year comparisons remain strong. - 10.7% Change in Inventory - 1.9% Change in Closed Sales Residential real estate activity comprised of single-family properties, townhomes, and condominiums combined. New Listings 3 Pending Sales 4 Closed Sales 5 Days On Market Until Sale 6 Median Sales Price 7 Average Sales Price 8 9 10 Housing Affordability Index 11 Inventory of Homes for Sale 12 Months Supply of Inventory 13 Housing Supply Overview Report 14 All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | 1 New Listings in the Northeast Florida region increased 21.9 percent to 2,357. Pending Sales were up 14.7 percent to 1,813. Inventory levels shrank 10.7 percent to 9,203 units. Prices got a lift. The Median Sales Price increased 18.6 percent to $154,000. Days on Market was down 25.5 percent to 79 days. Absorption rates improved as Months Supply of Inventory was down 26.9 percent to 4.9 months. Recent economic and jobs data have surprised to the upside by exceeding expectations. This likely keeps the new Federal Reserve leadership on track for March 2014 tapering. Non-farm payrolls grew by 204,000 jobs in October, outperforming Wall Street expectations. In another bullish sign, August payrolls were revised upward to a 238,000 job gain – positive momentum that should support housing recovery. Just in time for the holidays. Area breakouts of 29 submarkets begin after page 21. Click on desired metric to jump to that page. Percent of Original List Price Received Percent of Properties Sold Over List Price

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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

November 2013 Quick Facts

Market Overview 2

+ 18.6%Change in

Median Sales PriceNovember was largely another encouraging month for residential real estate. Our attention has shifted from multiyear high prices and sales volumes to seller activity, inventory levels and building permits. And let's not forget the calendar effect. As families gather together, fewer house hunters are scheduling showings and writing offers. Watch for month-to-month activity to moderate while year-over-year comparisons remain strong.

- 10.7%Change inInventory

- 1.9%Change in

Closed Sales

Residential real estate activity comprised of single-family properties, townhomes, and condominiums combined.

New Listings 3Pending Sales 4Closed Sales 5Days On Market Until Sale 6Median Sales Price 7Average Sales Price 8

910

Housing Affordability Index 11Inventory of Homes for Sale 12Months Supply of Inventory 13Housing Supply Overview Report 14

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | 1

New Listings in the Northeast Florida region increased 21.9 percent to 2,357. Pending Sales were up 14.7 percent to 1,813. Inventory levels shrank 10.7 percent to 9,203 units.

Prices got a lift. The Median Sales Price increased 18.6 percent to $154,000. Days on Market was down 25.5 percent to 79 days. Absorption rates improved as Months Supply of Inventory was down 26.9 percent to 4.9 months.

Recent economic and jobs data have surprised to the upside by exceeding expectations. This likely keeps the new Federal Reserve leadership on track for March 2014 tapering. Non-farm payrolls grew by 204,000 jobs in October, outperforming Wall Street expectations. In another bullish sign, August payrolls were revised upward to a 238,000 job gain – positive momentum that should support housing recovery. Just in time for the holidays.

Area breakouts of 29 submarkets begin after page 21.Click on desired metric to jump to that page.

Percent of Original List Price Received

Percent of Properties Sold Over List Price

Market OverviewKey market metrics for the current month and year-to-date.

Key Metrics Historical Sparklines 11-2012 11-2013 +/- YTD 2012 YTD 2013 +/-

19,917 + 22.5%

$153,000

- 25.5% 112 88 - 21.4%

+ 15.9%

106 79

$129,900 $154,000 + 18.6% $132,000

Days on Market Until Sale

Median Sales Price

1,561 1,531 - 1.9% 16,264

New Listings

Pending Sales

Closed Sales

+ 19.5%

1,580 1,813 + 14.7% 17,315 21,328 + 23.2%

29,7731,933 2,357 + 21.9% 24,91711-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

0.0% 12.1% 14.3% + 18.2%

+ 1.9%

231

10,302

191

$189,141 + 7.1%

91.5% 93.2%

$176,561

13.2% 13.2%

- 16.2%

--

$177,292 $192,549 + 8.6%

+ 3.2%90.7% 93.6%

Housing Affordability Index

Average Sales Price

Percent of OriginalList Price Received

Percent of PropertiesSold Over List Price

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 2

6.7

190 - 17.7%

- 10.7%

- 26.9%

9,203

4.9

228

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

11-2010 11-2011 11-2012 11-2013

New Listings A count of the properties that have been newly listed on the market in a given month.

MonthPrior Year

Current Year

+/–

December 1,661 1,649 -0.7%

January 2,423 2,515 +3.8%

February 2,376 2,434 +2.4%

March 2,430 2,737 +12.6%

April 2,357 2,818 +19.6%

May 2,297 2,706 +17.8%

June 2,259 2,779 +23.0%

July 2,148 3,076 +43.2%

August 2,257 2,956 +31.0%

September 2,218 2,657 +19.8%

October 2,219 2,738 +23.4%

November 1,933 2,357 +21.9%

1,8321,933

2,357

November

25,387 24,917

29,773

Year To Date

+19.5%+5.5% +21.9% -1.9%

12-Month Avg 2,215 2,619 +18.2%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 3

2011 2012 2013

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical New Listing Activity

2011 2012 2013

Pending Sales A count of the properties on which contracts have been written in a given month.

MonthPrior Year

Current Year

+/–

December 1,206 1,431 +18.7%

January 1,350 1,738 +28.7%

February 1,484 1,831 +23.4%

March 1,668 2,048 +22.8%

April 1,622 2,156 +32.9%

May 1,720 2,048 +19.1%

June 1,609 1,901 +18.1%

July 1,533 2,055 +34.1%

August 1,639 1,970 +20.2%

September 1,518 1,803 +18.8%

October 1,592 1,965 +23.4%

November 1,580 1,813 +14.7%

1,230

1,580

1,813

November

15,72017,315

21,328

Year To Date

+23.2%+28.5% +14.7% +10.1%

12-Month Avg 1,543 1,897 +22.9%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 4

2011 2012 2013

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Pending Sales Activity

2011 2012 2013

Closed Sales A count of actual sales that have closed within a given month.

MonthPrior Year

Current Year

+/–

December 1,446 1,707 +18.0%

January 1,018 1,379 +35.5%

February 1,253 1,522 +21.5%

March 1,545 1,809 +17.1%

April 1,459 1,983 +35.9%

May 1,608 2,101 +30.7%

June 1,694 1,989 +17.4%

July 1,533 1,990 +29.8%

August 1,644 2,026 +23.2%

September 1,352 1,794 +32.7%

October 1,597 1,793 +12.3%

November 1,561 1,531 -1.9%

1,248

1,561 1,531

November

15,25416,264

19,917

Year To Date

+22.5%+25.1% -1.9% +6.6%

12-Month Avg 1,476 1,802 +22.7%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 5

2011 2012 2013

500

700

900

1,100

1,300

1,500

1,700

1,900

2,100

2,300

2,500

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Closed Sales Activity

2011 2012 2013

Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

MonthPrior Year

Current Year

+/–

December 119 105 -11.8%

January 121 101 -16.5%

February 121 101 -16.5%

March 118 103 -12.7%

April 115 97 -15.7%

May 107 89 -16.8%

June 103 82 -20.4%

July 118 83 -29.7%

August 111 79 -28.8%

September 109 80 -26.6%

October 112 80 -28.6%

November 106 79 -25.5%

119

106

79

November

121112

88

Year To Date

-21.4%-10.9% -25.5% -7.4%

12-Month Avg 113 89 -20.6%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 6

2011 2012 2013

40

50

60

70

80

90

100

110

120

130

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Days on Market Until Sale

2011 2012 2013

Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+/–

December $125,000 $142,000 +13.6%

January $110,000 $138,000 +25.5%

February $116,500 $137,050 +17.6%

March $128,000 $141,500 +10.5%

April $135,000 $152,000 +12.6%

May $132,000 $155,000 +17.4%

June $148,000 $158,000 +6.8%

July $135,900 $165,000 +21.4%

August $138,000 $169,500 +22.8%

September $131,500 $154,000 +17.1%

October $136,500 $155,325 +13.8%

November $129,900 $154,000 +18.6%

$130,000 $129,900

$154,000

November

$125,000$132,000

$153,000

Year To Date

+15.9%-0.1% +18.6% +5.6%

12-Month Med $131,000 $152,000 +16.0%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 7

2011 2012 2013

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Median Sales Price

2011 2012 2013

Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+/–

December $163,620 $195,421 +19.4%

January $149,811 $167,712 +11.9%

February $157,044 $163,554 +4.1%

March $170,875 $186,893 +9.4%

April $179,709 $197,447 +9.9%

May $181,419 $198,407 +9.4%

June $198,128 $202,597 +2.3%

July $174,733 $208,409 +19.3%

August $191,574 $198,439 +3.6%

September $181,369 $192,603 +6.2%

October $173,498 $197,066 +13.6%

November $176,561 $189,141 +7.1%

$161,244$176,561

$189,141

November

$166,319$177,292

$192,549

Year To Date

+ 8.6%+ 9.5% + 7.1% + 6.6%

12-Month Avg $176,176 $192,775 +9.4%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 8

2011 2012 2013

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

$280,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Average Sales Price

2011 2012 2013

Percent of Original List Price Received

MonthPrior Year

Current Year

+/–

December 89.0% 91.9% +3.3%

January 88.9% 92.3% +3.8%

February 88.9% 92.1% +3.6%

March 89.7% 92.8% +3.5%

April 90.2% 93.6% +3.8%

May 91.1% 93.9% +3.1%

June 91.4% 94.6% +3.5%

July 90.9% 94.3% +3.7%

August 91.5% 94.1% +2.8%

September 91.4% 94.5% +3.4%

October 91.4% 93.7% +2.5%

November 91.5% 93.2% +1.9%

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

89.8% 91.5% 93.2%

November

88.1% 90.7% 93.6%

Year To Date

+3.2%+1.9% +1.9% +3.0%

12-Month Avg 90.6% 93.5% +3.2%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 9

2011 2012 2013

84%

86%

88%

90%

92%

94%

96%

98%

100%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Percent of Original List Price Received

2011 2012 2013

Percent of Properties Sold Over List Price

MonthPrior Year

Current Year

+/–

December 12.0% 14.6% +21.7%

January 9.7% 14.4% +48.5%

February 10.8% 13.0% +20.4%

March 11.4% 14.0% +22.8%

April 11.4% 14.7% +28.9%

May 13.3% 14.4% +8.3%

June 12.2% 14.8% +21.3%

July 12.1% 13.5% +11.6%

August 12.2% 13.9% +13.9%

September 12.4% 16.1% +29.8%

October 13.7% 15.3% +11.7%

November 13.2% 13.2% 0.0%

Percent of closed sales that sold for more than the most recent list price.

12.7%13.2% 13.2%

November

11.1%12.1%

14.3%

Year To Date

+18.2%+4.4% 0.0% +9.5%

12-Month Avg 12.1% 14.3% +18.6%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 10

2011 2012 2013

6%

8%

10%

12%

14%

16%

18%

20%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Percent of Properties Sold Over List Price

2011 2012 2013

Housing Affordability Index

MonthPrior Year

Current Year

+/–

December 227 216 -4.8%

January 251 220 -12.4%

February 241 219 -9.1%

March 224 212 -5.4%

April 214 202 -5.6%

May 219 195 -11.0%

June 203 184 -9.4%

July 220 178 -19.1%

August 218 171 -21.6%

September 228 188 -17.5%

October 221 186 -15.8%

November 231 190 -17.7%

This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

220231

190

November

227 228

191

Year To Date

-16.2%+5.0% -17.7% +0.4%

12-Month Avg 225 197 -12.4%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 11

2011 2012 2013

100

120

140

160

180

200

220

240

260

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Housing Affordability Index

2011 2012 2013

Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.

MonthPrior Year

Current Year

+/–

December 11,448 9,493 -17.1%

January 11,519 9,549 -17.1%

February 11,635 9,567 -17.8%

March 11,562 9,542 -17.5%

April 11,601 9,552 -17.7%

May 11,466 9,471 -17.4%

June 11,330 9,582 -15.4%

July 11,165 9,754 -12.6%

August 10,984 9,876 -10.1%

September 10,858 9,850 -9.3%

October 10,676 9,626 -9.8%

November 10,302 9,203 -10.7%

12,263

10,3029,203

November

-10.7%-16.0%

12-Month Avg 11,212 9,589 -14.4%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 12

2011 2012 2013

5,000

7,000

9,000

11,000

13,000

15,000

17,000

19,000

21,000

23,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Inventory of Homes for Sale

Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

MonthPrior Year

Current Year

+/–

December 8.1 6.1 -24.7%

January 8.1 6.0 -25.9%

February 8.1 5.9 -27.2%

March 8.1 5.8 -28.4%

April 8.1 5.6 -30.9%

May 7.9 5.5 -30.4%

June 7.8 5.5 -29.5%

July 7.6 5.4 -28.9%

August 7.4 5.4 -27.0%

September 7.3 5.3 -27.4%

October 7.1 5.1 -28.2%

November 6.7 4.9 -26.9%

8.7

6.7

4.9

November

-26.9%-23.0%

12-Month Avg 7.7 5.5 -28.0%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 13

2011 2012 2013

2

4

6

8

10

12

14

16

18

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013

Historical Months Supply of Inventory

November 2013 Quick Facts

Housing Supply Overview

A RESEARCH TOOL PROVIDED BY THENORTHEAST FLORIDA ASSOCIATION OF REALTORS

+ 50.8% + 26.1% + 24.5%

Price Range With Construction Status With Property Type With

$500,000 to $999,999 New Construction

Pending Sales 15Days on Market Until Sale 16Median Sales Price 17Percent of Original List Price Received 18Percent of Properties Sold Over List Price 19Inventory of Homes for Sale 20Months Supply of Inventory 21

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | 14

Single-Family

Click on desired metric to jump to that page.

Price Range With Strongest Sales:

Construction Status With Strongest Sales:

Property Type With Strongest Sales:

Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.

10,130

2,819 3,037

1,752

587196

10,955

3,7064,401

2,626

885186

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

By Price Range11-2012 11-2013

16,068

2,453

19,666

3,093

Previously Owned New Construction

By Construction Status11-2012 11-2013

+ 8.1%

15,333

3,188

19,082

3,677

Single-Family Condo-Townhouse

By Property Type11-2012 11-2013

+ 31.5% + 44.9% + 49.9% - 5.1% + 24.5% + 15.3%+ 22.4% + 26.1%+ 50.8%

By Price Range 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

$149,999 and Below 10,130 10,955 + 8.1% 7,751 8,409 + 8.5% 2,379 2,546 + 7.0%

$150,000 to $199,999 2,819 3,706 + 31.5% 2,564 3,310 + 29.1% 255 396 + 55.3%

$200,000 to $299,999 3,037 4,401 + 44.9% 2,716 3,998 + 47.2% 321 403 + 25.5%

$300,000 to $499,999 1,752 2,626 + 49.9% 1,611 2,414 + 49.8% 141 212 + 50.4%

$500,000 to $999,999 587 885 + 50.8% 514 782 + 52.1% 73 103 + 41.1%

$1,000,000 and Above 196 186 - 5.1% 177 169 - 4.5% 19 17 - 10.5%

All Price Ranges 18,521 22,759 + 22.9% 15,333 19,082 + 24.5% 3,188 3,677 + 15.3%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned 16,068 19,666 + 22.4% 13,300 16,406 + 23.4% 2,768 3,260 + 17.8%

New Construction 2,453 3,093 + 26.1% 2,033 2,676 + 31.6% 420 417 - 0.7%

All Property Types 18,521 22,759 + 22.9% 15,333 19,082 + 24.5% 3,188 3,677 + 15.3%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 15

All Properties Single-Family Condo-Townhouse

Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

107116 112

121

157

193

86 85 8796

132

165

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

By Price Range11-2012 11-2013

113 112

8898

Previously Owned New Construction

By Construction Status11-2012 11-2013

- 19.8%

114106

9182

Single-Family Condo-Townhouse

By Property Type11-2012 11-2013

- 26.7% - 22.1% - 20.6% - 14.4% - 20.3% - 22.5%- 21.8% - 12.8%- 16.0%

By Price Range 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

$149,999 and Below 107 86 - 19.8% 111 90 - 18.7% 95 72 - 23.8%

$150,000 to $199,999 116 85 - 26.7% 114 83 - 26.9% 131 95 - 27.2%

$200,000 to $299,999 112 87 - 22.1% 110 86 - 21.9% 129 98 - 24.2%

$300,000 to $499,999 121 96 - 20.6% 117 93 - 19.9% 166 123 - 26.0%

$500,000 to $999,999 157 132 - 16.0% 148 130 - 12.0% 220 140 - 36.5%

$1,000,000 and Above 193 165 - 14.4% 198 167 - 15.4% 136 129 - 5.1%

All Price Ranges 113 89 - 20.6% 114 91 - 20.3% 106 82 - 22.5%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned 113 88 - 21.8% 115 90 - 22.0% 103 81 - 20.5%

New Construction 112 98 - 12.8% 108 99 - 7.9% 133 89 - 32.9%

All Property Types 113 89 - 20.6% 114 91 - 20.3% 106 82 - 22.5%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 16

All Properties Single-Family Condo-Townhouse

Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

$118,000

$219,900

$137,000

$235,917

Previously Owned New Construction

By Construction Status11-2012 11-2013

$131,000$144,900

$84,000

$152,000$162,500

$105,000

All Properties Single Family Detached Condo Townhouse Attached

By Property Type11-2012 11-2013

+ 12.1% + 25.0%+ 16.1% + 16.0%+ 7.3%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned $118,000 $137,000 + 16.1% $128,000 $147,000 + 14.8% $76,000 $95,000 + 25.0%

New Construction $219,900 $235,917 + 7.3% $229,900 $245,000 + 6.6% $144,000 $190,000 + 31.9%

All Construction Statuses $131,000 $152,000 + 16.0% $144,900 $162,500 + 12.1% $84,000 $105,000 + 25.0%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 17

All Properties Single-Family Detached Condo-Townhouse Attached

Previously Owned New Construction All Properties Single-Family Detached Condo-Townhouse Attached

Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.

89.4%

92.3% 92.9% 92.3%

89.0%

82.7%

92.0%

95.1% 95.5% 95.0%

92.7%

87.5%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

By Price Range11-2012 11-2013

89.7%

96.3%

92.6%

99.3%

Previously Owned New Construction

By Construction Status11-2012 11-2013

+ 2.9%

90.1%

92.9%93.0%

95.8%

Single-Family Condo-Townhouse

By Property Type11-2012 11-2013

+ 3.1% + 2.8% + 2.9% + 5.8% + 3.3% + 3.1%+ 3.2% + 3.1%+ 4.1%

By Price Range 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

$149,999 and Below 89.4% 92.0% + 2.9% 88.1% 90.7% + 2.9% 93.2% 96.0% + 3.0%

$150,000 to $199,999 92.3% 95.1% + 3.1% 92.2% 95.1% + 3.1% 92.9% 95.4% + 2.6%

$200,000 to $299,999 92.9% 95.5% + 2.8% 92.9% 95.2% + 2.5% 92.9% 97.6% + 5.0%

$300,000 to $499,999 92.3% 95.0% + 2.9% 92.5% 95.2% + 3.0% 90.7% 92.9% + 2.5%

$500,000 to $999,999 89.0% 92.7% + 4.1% 89.4% 92.9% + 3.9% 85.6% 91.2% + 6.4%

$1,000,000 and Above 82.7% 87.5% + 5.8% 81.7% 87.4% + 6.9% 93.6% 89.1% - 4.9%

All Price Ranges 90.6% 93.5% + 3.2% 90.1% 93.0% + 3.3% 92.9% 95.8% + 3.1%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned 89.7% 92.6% + 3.2% 89.2% 92.1% + 3.2% 92.1% 95.0% + 3.2%

New Construction 96.3% 99.3% + 3.1% 95.9% 98.9% + 3.2% 98.3% 101.3% + 3.0%

All Property Types 90.6% 93.5% + 3.2% 90.1% 93.0% + 3.3% 92.9% 95.8% + 3.1%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 18

All Properties Single-Family Condo-Townhouse

Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.

21.0%

12.3%10.4%

8.8%6.8%

0.6%

25.5%

15.5%

12.7%

9.1%

5.9%4.5%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

By Price Range11-2012 11-2013

15.8%17.6%

18.5%20.2%

Previously Owned New Construction

By Construction Status11-2012 11-2013

+ 21.6%

15.6%

19.9%18.2%

22.5%

Single-Family Condo-Townhouse

By Property Type11-2012 11-2013

+ 26.6% + 21.5% + 3.0% + 681.3% + 16.9% + 13.2%+ 16.5% + 14.8%- 12.3%

By Price Range 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

$149,999 and Below 21.0% 25.5% + 21.6% 20.2% 24.8% + 23.0% 25.1% 29.0% + 15.8%

$150,000 to $199,999 12.3% 15.5% + 26.6% 12.8% 15.9% + 24.6% 3.1% 9.4% + 205.6%

$200,000 to $299,999 10.4% 12.7% + 21.5% 10.8% 13.0% + 20.5% 5.3% 7.4% + 40.7%

$300,000 to $499,999 8.8% 9.1% + 3.0% 9.2% 9.5% + 3.6% 4.0% 3.4% - 13.9%

$500,000 to $999,999 6.8% 5.9% - 12.3% 7.3% 6.3% - 13.7% 3.0% 3.4% + 13.8%

$1,000,000 and Above 0.6% 4.5% + 681.3% 0.6% 4.8% + 645.2% 0.0% 0.0% 0.0%

All Price Ranges 16.1% 18.7% + 16.2% 15.6% 18.2% + 16.9% 19.9% 22.5% + 13.2%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned 15.8% 18.5% + 16.5% 15.2% 17.9% + 18.0% 20.6% 22.6% + 9.8%

New Construction 17.6% 20.2% + 14.8% 18.1% 20.2% + 11.6% 10.5% 20.0% + 90.0%

All Property Types 16.1% 18.7% + 16.2% 15.6% 18.2% + 16.9% 19.9% 22.5% + 13.2%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 19

All Properties Single-Family Condo-Townhouse

Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

5,020

1,4111,668

1,197724

282

3,944

1,2891,722

1,268

678302

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

By Price Range11-2012 11-2013

9,287

1,015

8,108

1,095

Previously Owned New Construction

By Construction Status11-2012 11-2013

- 21.4%

10,302

1,383

9,203

1,137

Single-Family Condo-Townhouse

By Property Type11-2012 11-2013

- 8.6% + 3.2% + 5.9% + 7.1% - 10.7% - 17.8%- 12.7% + 7.9%- 6.4%

By Price Range 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

$149,999 and Below 5,020 3,944 - 21.4% 4,219 3,361 - 20.3% 801 583 - 27.2%

$150,000 to $199,999 1,411 1,289 - 8.6% 1,250 1,127 - 9.8% 161 162 + 0.6%

$200,000 to $299,999 1,668 1,722 + 3.2% 1,492 1,553 + 4.1% 176 169 - 4.0%

$300,000 to $499,999 1,197 1,268 + 5.9% 1,075 1,126 + 4.7% 122 142 + 16.4%

$500,000 to $999,999 724 678 - 6.4% 626 615 - 1.8% 98 63 - 35.7%

$1,000,000 and Above 282 302 + 7.1% 257 284 + 10.5% 25 18 - 28.0%

All Price Ranges 10,302 9,203 - 10.7% 10,302 9,203 - 10.7% 1,383 1,137 - 17.8%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned 9,287 8,108 - 12.7% 8,048 7,069 - 12.2% 1,239 1,039 - 16.1%

New Construction 1,015 1,095 + 7.9% 871 997 + 14.5% 144 98 - 31.9%

All Property Types 10,302 9,203 - 10.7% 10,302 9,203 - 10.7% 1,383 1,137 - 17.8%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 20

All Properties Single-Family Condo-Townhouse

Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

5.9 6.0 6.68.2

14.8

17.3

4.3 4.2 4.75.8

9.2

19.5

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

By Price Range11-2012 11-2013

6.9

5.04.9

4.2

Previously Owned New Construction

By Construction Status11-2012 11-2013

- 27.4%

7.0

5.25.1

3.7

Single-Family Condo-Townhouse

By Property Type11-2012 11-2013

- 30.5% - 28.8% - 29.3% + 12.8% - 27.1% - 28.8%- 28.7% - 14.4%- 37.9%

By Price Range 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

$149,999 and Below 5.9 4.3 - 27.4% 6.5 4.8 - 26.6% 4.0 2.7 - 32.0%

$150,000 to $199,999 6.0 4.2 - 30.5% 5.9 4.1 - 30.2% 7.6 4.9 - 35.2%

$200,000 to $299,999 6.6 4.7 - 28.8% 6.6 4.7 - 29.3% 6.6 5.0 - 23.5%

$300,000 to $499,999 8.2 5.8 - 29.3% 8.0 5.6 - 30.1% 10.4 8.0 - 22.6%

$500,000 to $999,999 14.8 9.2 - 37.9% 14.6 9.4 - 35.4% 16.1 7.3 - 54.4%

$1,000,000 and Above 17.3 19.5 + 12.8% 17.4 20.2 + 15.7% 14.5 9.5 - 34.2%

All Price Ranges 6.7 4.9 - 26.9% 7.0 5.1 - 27.1% 5.2 3.7 - 28.8%

By Construction Status 11-2012 11-2013 Change 11-2012 11-2013 Change 11-2012 11-2013 Change

Previously Owned 6.9 4.9 - 28.7% 7.3 5.2 - 28.8% 5.4 3.8 - 28.8%

New Construction 5.0 4.2 - 14.4% 5.1 4.5 - 13.0% 4.1 2.8 - 31.5%

All Property Types 6.7 4.9 - 26.9% 7.0 5.1 - 27.1% 5.2 3.7 - 28.8%

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing. | Click for Cover Page | 21

All Properties Single-Family Condo-Townhouse

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 199 245 + 23.1% 2,478 2,932 + 18.3%

Closed Sales 179 177 - 1.1% 1,670 2,140 + 28.1%

Median Sales Price* $138,000 $171,000 + 23.9% $149,900 $167,000 + 11.4%

Percent of Original List Price Received* 93.9% 93.8% - 0.1% 91.5% 94.6% + 3.4%

Percent of Properties Sold Over List Price* 20.1% 14.7% - 26.9% 15.8% 18.7% + 18.4%

Days on Market Until Sale 86 69 - 19.8% 103 79 - 23.3%

Inventory of Homes for Sale 925 794 - 14.2% -- -- --

Months Supply of Inventory 5.8 4.0 - 31.0% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Southside / Mandarin /

+ 23.1% - 1.1% + 23.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 01

2,4782,932

Year to Date 2012 2013

199245

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Southside / Mandarin / Bartram

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

,

1,6702,140

New Listings Closed Sales+ 28.1%+ 18.3%

199179 177

New Listings Closed Sales- 1.1%+ 23.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 251 327 + 30.3% 2,952 3,547 + 20.2%

Closed Sales 191 216 + 13.1% 2,226 2,611 + 17.3%

Median Sales Price* $120,900 $139,900 + 15.7% $118,000 $139,900 + 18.6%

Percent of Original List Price Received* 93.3% 94.7% + 1.5% 92.2% 95.4% + 3.5%

Percent of Properties Sold Over List Price* 23.0% 20.4% - 11.3% 18.7% 21.7% + 16.0%

Days on Market Until Sale 106 59 - 44.3% 104 73 - 29.8%

Inventory of Homes for Sale 945 869 - 8.0% -- -- --

Months Supply of Inventory 4.5 3.6 - 20.0% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Southside+ 30.3% + 13.1% + 15.7%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 02

2,9523,547

2 611

Year to Date 2012 2013

251

327

216

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Southside

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

2,2262,611

New Listings Closed Sales+ 17.3%+ 20.2%

191216

New Listings Closed Sales+ 13.1%+ 30.3%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 35 55 + 57.1% 543 749 + 37.9%

Closed Sales 28 29 + 3.6% 335 469 + 40.0%

Median Sales Price* $209,500 $232,000 + 10.7% $175,000 $206,000 + 17.7%

Percent of Original List Price Received* 87.0% 88.7% + 2.0% 86.3% 91.5% + 6.0%

Percent of Properties Sold Over List Price* 3.6% 6.9% + 91.7% 7.5% 11.8% + 57.3%

Days on Market Until Sale 91 92 + 1.1% 123 104 - 15.4%

Inventory of Homes for Sale 238 242 + 1.7% -- -- --

Months Supply of Inventory 7.7 5.6 - 27.3% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Riverside / Avondale / Ortega

+ 57.1% + 3.6% + 10.7%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 03

543

749

Year to Date 2012 2013

55

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Riverside / Avondale / Ortega

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

+ 3000%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

543

335

469

New Listings Closed Sales+ 40.0%+ 37.9%

3528 29

New Listings Closed Sales+ 3.6%+ 57.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 154 133 - 13.6% 1,760 2,087 + 18.6%

Closed Sales 127 118 - 7.1% 1,239 1,555 + 25.5%

Median Sales Price* $100,000 $115,450 + 15.5% $100,000 $120,000 + 20.0%

Percent of Original List Price Received* 90.6% 93.5% + 3.2% 89.5% 93.6% + 4.6%

Percent of Properties Sold Over List Price* 16.0% 18.6% + 16.3% 17.6% 23.9% + 35.8%

Days on Market Until Sale 86 60 - 30.2% 109 79 - 27.5%

Inventory of Homes for Sale 635 533 - 16.1% -- -- --

Months Supply of Inventory 5.4 3.6 - 33.3% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Arlington / Fort Caroline

- 13.6% - 7.1% + 15.5%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 04

1,7602,087

1 555

Year to Date 2012 2013

154127133

118

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Arlington / Fort Caroline

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

,

1,2391,555

New Listings Closed Sales+ 25.5%+ 18.6%

118

New Listings Closed Sales- 7.1%- 13.6%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 108 128 + 18.5% 1,109 1,394 + 25.7%

Closed Sales 73 56 - 23.3% 719 842 + 17.1%

Median Sales Price* $50,000 $61,450 + 22.9% $50,000 $52,950 + 5.9%

Percent of Original List Price Received* 86.0% 89.3% + 3.8% 88.3% 90.4% + 2.4%

Percent of Properties Sold Over List Price* 12.3% 16.1% + 30.9% 19.2% 22.1% + 15.1%

Days on Market Until Sale 104 67 - 35.6% 104 84 - 19.2%

Inventory of Homes for Sale 419 401 - 4.3% -- -- --

Months Supply of Inventory 6.0 4.9 - 18.3% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Hyde Grove / Murray Hill / Lakeshore / Wesconnett

+ 18.5% - 23.3% + 22.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 05

1,109

1,394

Year to Date 2012 2013

108128

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Hyde Grove / Murray Hill / Lakeshore / Wesconnett

- 100%

0%

+ 100%

+ 200%

+ 300%

+ 400%

+ 500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

, 09

719842

New Listings Closed Sales+ 17.1%+ 25.7%

7356

New Listings Closed Sales- 23.3%+ 18.5%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 114 133 + 16.7% 1,488 1,695 + 13.9%

Closed Sales 91 80 - 12.1% 1,032 1,163 + 12.7%

Median Sales Price* $96,000 $110,000 + 14.6% $90,000 $101,950 + 13.3%

Percent of Original List Price Received* 93.0% 93.1% + 0.1% 90.5% 94.8% + 4.8%

Percent of Properties Sold Over List Price* 23.1% 18.8% - 18.6% 17.3% 27.5% + 59.0%

Days on Market Until Sale 79 74 - 6.3% 105 87 - 17.1%

Inventory of Homes for Sale 546 435 - 20.3% -- -- --

Months Supply of Inventory 5.5 3.8 - 30.9% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

West Jacksonville+ 16.7% - 12.1% + 14.6%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 06

1,4881,695

1 163

Year to Date 2012 2013

114

91

133

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

West Jacksonville

- 100%

0%

+ 100%

+ 200%

+ 300%

+ 400%

+ 500%

+ 600%

+ 700%

+ 800%

+ 900%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,0321,163

New Listings Closed Sales+ 12.7%+ 13.9%

9180

New Listings Closed Sales- 12.1%+ 16.7%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 105 170 + 61.9% 1,414 1,656 + 17.1%

Closed Sales 73 57 - 21.9% 744 775 + 4.2%

Median Sales Price* $21,000 $25,900 + 23.3% $21,000 $25,100 + 19.5%

Percent of Original List Price Received* 81.9% 86.8% + 6.0% 86.9% 86.8% - 0.1%

Percent of Properties Sold Over List Price* 14.5% 12.3% - 15.2% 17.8% 19.1% + 7.3%

Days on Market Until Sale 112 112 0.0% 107 97 - 9.3%

Inventory of Homes for Sale 688 621 - 9.7% -- -- --

Months Supply of Inventory 10.0 7.8 - 22.0% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Springfield / Downtown / Paxon / Trout River South

+ 61.9% - 21.9% + 23.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 07

1,4141,656

Year to Date 2012 2013

170

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Springfield / Downtown / Paxon / Trout River South

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

744 775

New Listings Closed Sales+ 4.2%+ 17.1%

105

7357

New Listings Closed Sales- 21.9%+ 61.9%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 23 17 - 26.1% 247 299 + 21.1%

Closed Sales 12 11 - 8.3% 152 178 + 17.1%

Median Sales Price* $114,000 $130,000 + 14.0% $118,000 $125,000 + 5.9%

Percent of Original List Price Received* 90.1% 86.2% - 4.3% 89.7% 90.3% + 0.7%

Percent of Properties Sold Over List Price* 16.7% 9.1% - 45.5% 12.7% 17.5% + 37.8%

Days on Market Until Sale 130 66 - 49.2% 132 109 - 17.4%

Inventory of Homes for Sale 117 112 - 4.3% -- -- --

Months Supply of Inventory 8.5 6.5 - 23.5% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Marietta / Whitehouse / Baldwin / Garden St /

Dinsmore

- 26.1% - 8.3% + 14.0%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 08

247299

Year to Date 2012 2013

23

17

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Marietta / Whitehouse / Baldwin / Garden St / Dinsmore

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

152178

New Listings Closed Sales+ 17.1%+ 21.1%

12

17

11

New Listings Closed Sales- 8.3%- 26.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 99 128 + 29.3% 1,224 1,462 + 19.4%

Closed Sales 115 78 - 32.2% 847 977 + 15.3%

Median Sales Price* $122,500 $156,700 + 27.9% $125,000 $145,600 + 16.5%

Percent of Original List Price Received* 92.5% 96.1% + 3.9% 91.0% 95.0% + 4.4%

Percent of Properties Sold Over List Price* 20.0% 16.7% - 16.5% 18.5% 21.7% + 17.3%

Days on Market Until Sale 114 101 - 11.4% 121 95 - 21.5%

Inventory of Homes for Sale 486 457 - 6.0% -- -- --

Months Supply of Inventory 6.0 4.8 - 20.0% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Jacksonville - North

+ 29.3% - 32.2% + 27.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 09

1,2241,462

Year to Date 2012 2013

99115

128

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Jacksonville - North

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

847977

New Listings Closed Sales+ 15.3%+ 19.4%

78

New Listings Closed Sales- 32.2%+ 29.3%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 38 49 + 28.9% 574 727 + 26.7%

Closed Sales 36 31 - 13.9% 371 468 + 26.1%

Median Sales Price* $204,850 $208,000 + 1.5% $200,000 $210,250 + 5.1%

Percent of Original List Price Received* 92.1% 93.8% + 1.8% 92.1% 95.1% + 3.3%

Percent of Properties Sold Over List Price* 11.1% 16.1% + 45.0% 13.5% 15.0% + 11.1%

Days on Market Until Sale 86 109 + 26.7% 114 74 - 35.1%

Inventory of Homes for Sale 207 176 - 15.0% -- -- --

Months Supply of Inventory 5.8 4.0 - 31.0% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Fleming Island Area

+ 28.9% - 13.9% + 1.5%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 12

574

727

Year to Date 2012 2013

38

49

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Fleming Island Area

- 1000%

0%

+ 1000%

+ 2000%

+ 3000%

+ 4000%

+ 5000%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

371468

New Listings Closed Sales+ 26.1%+ 26.7%

38 3631

New Listings Closed Sales- 13.9%+ 28.9%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 114 134 + 17.5% 1,464 1,876 + 28.1%

Closed Sales 120 99 - 17.5% 1,010 1,238 + 22.6%

Median Sales Price* $115,000 $140,000 + 21.7% $117,000 $132,000 + 12.8%

Percent of Original List Price Received* 92.1% 95.4% + 3.6% 91.8% 95.4% + 3.9%

Percent of Properties Sold Over List Price* 20.8% 24.2% + 16.3% 19.0% 23.2% + 22.1%

Days on Market Until Sale 115 60 - 47.8% 107 78 - 27.1%

Inventory of Homes for Sale 483 510 + 5.6% -- -- --

Months Supply of Inventory 4.9 4.2 - 14.3% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Orange Park+ 17.5% - 17.5% + 21.7%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 13

1,464

1,876

1 238

Year to Date 2012 2013

114 120134

99

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Orange Park

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,0101,238

New Listings Closed Sales+ 22.6%+ 28.1%

99

New Listings Closed Sales- 17.5%+ 17.5%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 65 78 + 20.0% 804 1,014 + 26.1%

Closed Sales 39 56 + 43.6% 519 629 + 21.2%

Median Sales Price* $120,000 $139,325 + 16.1% $129,900 $131,620 + 1.3%

Percent of Original List Price Received* 93.8% 94.3% + 0.5% 91.4% 93.6% + 2.4%

Percent of Properties Sold Over List Price* 20.5% 21.4% + 4.4% 19.7% 21.3% + 8.1%

Days on Market Until Sale 92 91 - 1.1% 119 101 - 15.1%

Inventory of Homes for Sale 366 325 - 11.2% -- -- --

Months Supply of Inventory 7.5 5.2 - 30.7% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Middleburg Vicinity

+ 20.0% + 43.6% + 16.1%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 14

804

1,014

Year to Date 2012 2013

6578

56

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Middleburg Vicinity

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

804

519629

New Listings Closed Sales+ 21.2%+ 26.1%

39

56

New Listings Closed Sales+ 43.6%+ 20.0%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 19 9 - 52.6% 227 230 + 1.3%

Closed Sales 8 11 + 37.5% 104 112 + 7.7%

Median Sales Price* $91,250 $45,000 - 50.7% $70,000 $80,500 + 15.0%

Percent of Original List Price Received* 79.5% 90.0% + 13.2% 83.9% 86.0% + 2.5%

Percent of Properties Sold Over List Price* 25.0% 0.0% - 100.0% 14.4% 6.3% - 56.3%

Days on Market Until Sale 146 87 - 40.4% 130 136 + 4.6%

Inventory of Homes for Sale 182 144 - 20.9% -- -- --

Months Supply of Inventory 18.8 14.2 - 24.5% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Keystone Heights Vicinity

- 52.6% + 37.5% - 50.7%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 15

227 230

Year to Date 2012 2013

19

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Keystone Heights Vicinity

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

104 112

New Listings Closed Sales+ 7.7%+ 1.3%

8911

New Listings Closed Sales+ 37.5%- 52.6%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 11 26 + 136.4% 208 288 + 38.5%

Closed Sales 11 13 + 18.2% 112 154 + 37.5%

Median Sales Price* $82,756 $240,000 + 190.0% $155,000 $152,450 - 1.6%

Percent of Original List Price Received* 99.0% 86.0% - 13.1% 89.6% 91.0% + 1.6%

Percent of Properties Sold Over List Price* 18.2% 15.4% - 15.4% 10.7% 14.9% + 39.3%

Days on Market Until Sale 95 133 + 40.0% 126 120 - 4.8%

Inventory of Homes for Sale 106 115 + 8.5% -- -- --

Months Supply of Inventory 10.3 8.3 - 19.4% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Green Cove Springs

+ 136.4% + 18.2% + 190.0%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 16

288

Year to Date 2012 2013

26

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Green Cove Springs

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

208

112154

New Listings Closed Sales+ 37.5%+ 38.5%

11 1113

New Listings Closed Sales+ 18.2%+ 136.4%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 42 57 + 35.7% 609 799 + 31.2%

Closed Sales 37 45 + 21.6% 446 611 + 37.0%

Median Sales Price* $250,000 $288,500 + 15.4% $250,000 $276,000 + 10.4%

Percent of Original List Price Received* 95.8% 94.5% - 1.4% 94.0% 95.7% + 1.8%

Percent of Properties Sold Over List Price* 8.1% 8.9% + 9.9% 13.9% 19.0% + 36.7%

Days on Market Until Sale 96 72 - 25.0% 103 74 - 28.2%

Inventory of Homes for Sale 223 195 - 12.6% -- -- --

Months Supply of Inventory 5.3 3.5 - 34.0% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Jacksonville Beach+ 35.7% + 21.6% + 15.4%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 21

609

799

611

Year to Date 2012 2013

4237

57

45

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Jacksonville Beach

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

+ 3000%

+ 3500%

+ 4000%

+ 4500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

609

446

611

New Listings Closed Sales+ 37.0%+ 31.2%

37

New Listings Closed Sales+ 21.6%+ 35.7%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 8 7 - 12.5% 114 126 + 10.5%

Closed Sales 3 11 + 266.7% 80 104 + 30.0%

Median Sales Price* $520,000 $270,000 - 48.1% $282,500 $312,500 + 10.6%

Percent of Original List Price Received* 79.9% 95.6% + 19.6% 92.0% 94.7% + 2.9%

Percent of Properties Sold Over List Price* 0.0% 36.4% -- 17.5% 17.3% - 1.1%

Days on Market Until Sale 207 74 - 64.3% 128 82 - 35.9%

Inventory of Homes for Sale 47 35 - 25.5% -- -- --

Months Supply of Inventory 6.3 3.8 - 39.7% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Neptune Beach- 12.5% + 266.7% - 48.1%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 22

114126

104

Year to Date 2012 2013

8

11

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Neptune Beach

- 2000%

0%

+ 2000%

+ 4000%

+ 6000%

+ 8000%

+ 10000%

+ 12000%

+ 14000%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

80

New Listings Closed Sales+ 30.0%+ 10.5%

8

3

7

New Listings Closed Sales+ 266.7%- 12.5%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 22 29 + 31.8% 324 388 + 19.8%

Closed Sales 23 15 - 34.8% 226 273 + 20.8%

Median Sales Price* $149,900 $260,000 + 73.4% $173,875 $221,000 + 27.1%

Percent of Original List Price Received* 90.9% 91.4% + 0.6% 90.6% 92.6% + 2.2%

Percent of Properties Sold Over List Price* 13.0% 13.3% + 2.3% 13.7% 12.1% - 11.7%

Days on Market Until Sale 88 105 + 19.3% 110 79 - 28.2%

Inventory of Homes for Sale 126 87 - 31.0% -- -- --

Months Supply of Inventory 6.1 3.5 - 42.6% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Atlantic Beach+ 31.8% - 34.8% + 73.4%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 23

324388

Year to Date 2012 2013

22 23

29

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Atlantic Beach

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

+ 3000%

+ 3500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

226273

New Listings Closed Sales+ 20.8%+ 19.8%

22 23

15

New Listings Closed Sales- 34.8%+ 31.8%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 14 22 + 57.1% 247 264 + 6.9%

Closed Sales 14 18 + 28.6% 192 185 - 3.6%

Median Sales Price* $610,750 $471,000 - 22.9% $427,500 $462,000 + 8.1%

Percent of Original List Price Received* 93.9% 94.3% + 0.4% 90.2% 92.6% + 2.7%

Percent of Properties Sold Over List Price* 14.3% 5.6% - 60.8% 12.5% 12.4% - 0.8%

Days on Market Until Sale 135 82 - 39.3% 145 111 - 23.4%

Inventory of Homes for Sale 91 90 - 1.1% -- -- --

Months Supply of Inventory 5.1 5.4 + 5.9% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Ponte Vedra Beach North

+ 57.1% + 28.6% - 22.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 25

247

192

264

185

Year to Date 2012 2013

2218

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Ponte Vedra Beach North

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

+ 3000%

+ 3500%

+ 4000%

+ 4500%

+ 5000%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

192 185

New Listings Closed Sales- 3.6%+ 6.9%

14 14

New Listings Closed Sales+ 28.6%+ 57.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 100 83 - 17.0% 1,309 1,502 + 14.7%

Closed Sales 77 81 + 5.2% 880 1,101 + 25.1%

Median Sales Price* $336,370 $325,000 - 3.4% $310,000 $322,717 + 4.1%

Percent of Original List Price Received* 92.6% 95.6% + 3.2% 93.0% 95.6% + 2.8%

Percent of Properties Sold Over List Price* 10.5% 22.2% + 111.4% 14.1% 16.9% + 19.9%

Days on Market Until Sale 116 71 - 38.8% 111 80 - 27.9%

Inventory of Homes for Sale 468 385 - 17.7% -- -- --

Months Supply of Inventory 5.6 3.8 - 32.1% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley / Ponte

Vedra / Nocatee

- 17.0% + 5.2% - 3.4%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 26

1,3091,502

1,101

Year to Date 2012 2013

100

7783 81

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley / Ponte Vedra / Nocatee

- 500%

0%

+ 500%

+ 1000%

+ 1500%

+ 2000%

+ 2500%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

8801,101

New Listings Closed Sales+ 25.1%+ 14.7%

7783 81

New Listings Closed Sales+ 5.2%- 17.0%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 138 152 + 10.1% 2,083 2,334 + 12.0%

Closed Sales 128 114 - 10.9% 1,434 1,829 + 27.5%

Median Sales Price* $233,250 $244,500 + 4.8% $221,000 $247,435 + 12.0%

Percent of Original List Price Received* 94.3% 96.0% + 1.8% 94.1% 96.3% + 2.3%

Percent of Properties Sold Over List Price* 19.5% 21.1% + 8.2% 16.2% 16.2% 0.0%

Days on Market Until Sale 113 76 - 32.7% 109 87 - 20.2%

Inventory of Homes for Sale 755 612 - 18.9% -- -- --

Months Supply of Inventory 5.5 3.6 - 34.5% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - NW

+ 10.1% - 10.9% + 4.8%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 30

2,0832,334

1,829

Year to Date 2012 2013

138 128152

114

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

St. Johns County - NW

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,434

New Listings Closed Sales+ 27.5%+ 12.0%

New Listings Closed Sales- 10.9%+ 10.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 21 12 - 42.9% 203 206 + 1.5%

Closed Sales 10 13 + 30.0% 126 159 + 26.2%

Median Sales Price* $230,500 $257,500 + 11.7% $250,500 $291,000 + 16.2%

Percent of Original List Price Received* 96.3% 100.0% + 3.8% 89.8% 95.0% + 5.8%

Percent of Properties Sold Over List Price* 10.0% 15.4% + 54.0% 6.3% 15.7% + 149.2%

Days on Market Until Sale 149 116 - 22.1% 145 104 - 28.3%

Inventory of Homes for Sale 87 62 - 28.7% -- -- --

Months Supply of Inventory 7.5 4.3 - 42.7% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - NE

- 42.9% + 30.0% + 11.7%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 31

203 206

159

Year to Date 2012 2013

21

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

St. Johns County - NE

- 1000%

0%

+ 1000%

+ 2000%

+ 3000%

+ 4000%

+ 5000%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

126159

New Listings Closed Sales+ 26.2%+ 1.5%

1012 13

New Listings Closed Sales+ 30.0%- 42.9%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 7 11 + 57.1% 121 138 + 14.0%

Closed Sales 9 4 - 55.6% 79 77 - 2.5%

Median Sales Price* $146,007 $391,650 + 168.2% $180,000 $205,425 + 14.1%

Percent of Original List Price Received* 92.8% 97.1% + 4.6% 88.5% 91.8% + 3.7%

Percent of Properties Sold Over List Price* 11.1% 50.0% + 350.5% 8.9% 10.4% + 16.9%

Days on Market Until Sale 68 63 - 7.4% 112 103 - 8.0%

Inventory of Homes for Sale 63 58 - 7.9% -- -- --

Months Supply of Inventory 9.8 7.6 - 22.4% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. John's County - St. Augustine Area - East of US 1

+ 57.1% - 55.6% + 168.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 32

121138

Year to Date 2012 2013

9

11

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

St. John's County - St. Augustine Area - East of US 1

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

79 77

New Listings Closed Sales- 2.5%+ 14.0%

7

4

New Listings Closed Sales- 55.6%+ 57.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 43 74 + 72.1% 814 946 + 16.2%

Closed Sales 46 56 + 21.7% 521 606 + 16.3%

Median Sales Price* $182,450 $182,996 + 0.3% $159,000 $180,000 + 13.2%

Percent of Original List Price Received* 91.3% 92.1% + 0.9% 90.0% 92.7% + 3.0%

Percent of Properties Sold Over List Price* 2.2% 8.9% + 304.5% 6.7% 8.9% + 32.8%

Days on Market Until Sale 123 108 - 12.2% 130 109 - 16.2%

Inventory of Homes for Sale 382 348 - 8.9% -- -- --

Months Supply of Inventory 8.0 5.8 - 27.5% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - SE

+ 72.1% + 21.7% + 0.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 33

814946

Year to Date 2012 2013

74

56

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

St. Johns County - SE

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

521606

New Listings Closed Sales+ 16.3%+ 16.2%

43 46

New Listings Closed Sales+ 21.7%+ 72.1%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 10 19 + 90.0% 138 163 + 18.1%

Closed Sales 11 9 - 18.2% 87 90 + 3.4%

Median Sales Price* $175,000 $200,105 + 14.3% $89,900 $144,500 + 60.7%

Percent of Original List Price Received* 90.3% 94.8% + 5.0% 88.2% 89.3% + 1.2%

Percent of Properties Sold Over List Price* 9.1% 22.2% + 144.0% 9.2% 6.7% - 27.2%

Days on Market Until Sale 79 58 - 26.6% 108 100 - 7.4%

Inventory of Homes for Sale 68 74 + 8.8% -- -- --

Months Supply of Inventory 8.2 8.5 + 3.7% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - SW

+ 90.0% - 18.2% + 14.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 34

138163

Year to Date 2012 2013

19

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

St. Johns County - SW

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

+ 140%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

87 90

New Listings Closed Sales+ 3.4%+ 18.1%

10 119

New Listings Closed Sales- 18.2%+ 90.0%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 53 77 + 45.3% 708 857 + 21.0%

Closed Sales 35 42 + 20.0% 378 523 + 38.4%

Median Sales Price* $162,270 $169,450 + 4.4% $154,500 $167,745 + 8.6%

Percent of Original List Price Received* 87.9% 90.8% + 3.3% 90.0% 92.0% + 2.2%

Percent of Properties Sold Over List Price* 8.6% 19.0% + 120.9% 14.0% 12.6% - 10.0%

Days on Market Until Sale 177 100 - 43.5% 116 125 + 7.8%

Inventory of Homes for Sale 379 352 - 7.1% -- -- --

Months Supply of Inventory 10.2 6.7 - 34.3% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Nassau County+ 45.3% + 20.0% + 4.4%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 40

708

857

Year to Date 2012 2013

77

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Nassau County

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

378523

New Listings Closed Sales+ 38.4%+ 21.0%

53

3542

New Listings Closed Sales+ 20.0%+ 45.3%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 17 24 + 41.2% 230 297 + 29.1%

Closed Sales 8 6 - 25.0% 89 139 + 56.2%

Median Sales Price* $70,050 $130,000 + 85.6% $126,900 $126,500 - 0.3%

Percent of Original List Price Received* 86.3% 90.5% + 4.9% 87.5% 88.8% + 1.5%

Percent of Properties Sold Over List Price* 12.5% 0.0% - 100.0% 18.0% 8.6% - 52.2%

Days on Market Until Sale 66 126 + 90.9% 110 88 - 20.0%

Inventory of Homes for Sale 125 130 + 4.0% -- -- --

Months Supply of Inventory 13.5 9.5 - 29.6% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Baker County+ 41.2% - 25.0% + 85.6%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 50

230

297

Year to Date 2012 2013

24

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Baker County

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

230

89139

New Listings Closed Sales+ 56.2%+ 29.1%

17

86

New Listings Closed Sales- 25.0%+ 41.2%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 36 39 + 8.3% 472 482 + 2.1%

Closed Sales 13 22 + 69.2% 199 244 + 22.6%

Median Sales Price* $80,000 $31,500 - 60.6% $69,900 $63,500 - 9.2%

Percent of Original List Price Received* 83.5% 85.7% + 2.6% 83.6% 82.7% - 1.1%

Percent of Properties Sold Over List Price* 7.7% 9.1% + 18.2% 11.2% 6.6% - 41.1%

Days on Market Until Sale 174 103 - 40.8% 132 155 + 17.4%

Inventory of Homes for Sale 353 311 - 11.9% -- -- --

Months Supply of Inventory 19.3 13.6 - 29.5% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County NE+ 8.3% + 69.2% - 60.6%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 56

472 482

Year to Date 2012 2013

3639

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Putnam County NE

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

199244

New Listings Closed Sales+ 22.6%+ 2.1%

13

22

New Listings Closed Sales+ 69.2%+ 8.3%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 20 32 + 60.0% 281 341 + 21.4%

Closed Sales 7 10 + 42.9% 104 151 + 45.2%

Median Sales Price* $30,000 $50,950 + 69.8% $45,500 $35,000 - 23.1%

Percent of Original List Price Received* 66.2% 82.5% + 24.6% 77.8% 80.2% + 3.1%

Percent of Properties Sold Over List Price* 0.0% 20.0% -- 8.7% 5.4% - 37.9%

Days on Market Until Sale 229 159 - 30.6% 161 124 - 23.0%

Inventory of Homes for Sale 207 213 + 2.9% -- -- --

Months Supply of Inventory 21.6 14.7 - 31.9% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County - West

+ 60.0% + 42.9% + 69.8%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 57

281341

Year to Date 2012 2013

32

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Putnam County - West

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

104151

New Listings Closed Sales+ 45.2%+ 21.4%

20

710

New Listings Closed Sales+ 42.9%+ 60.0%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2012 2013 + / – 2012 2013 + / –

New Listings 26 30 + 15.4% 321 335 + 4.4%

Closed Sales 15 17 + 13.3% 136 184 + 35.3%

Median Sales Price* $45,000 $65,000 + 44.4% $51,900 $59,900 + 15.4%

Percent of Original List Price Received* 79.3% 79.9% + 0.8% 80.0% 82.7% + 3.4%

Percent of Properties Sold Over List Price* 6.7% 5.9% - 11.9% 2.9% 2.7% - 6.9%

Days on Market Until Sale 126 95 - 24.6% 199 164 - 17.6%

Inventory of Homes for Sale 267 210 - 21.3% -- -- --

Months Supply of Inventory 21.1 12.2 - 42.2% -- -- --

November Year to Date

Local Market Update – November 2013

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County - South

+ 15.4% + 13.3% + 44.4%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 58

321 335

Year to Date 2012 2013

2630

November 2012 2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period | Current as of December 8 2013 All data from Northeast Florida Multiple Listing Service | Powered by 10K Research and Marketing

All MLS

Putnam County - South

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

136184

New Listings Closed Sales+ 35.3%+ 4.4%

15 17

New Listings Closed Sales+ 13.3%+ 15.4%

share of sales during that period. | Current as of December 8, 2013. All data from Northeast Florida Multiple Listing Service. | Powered by 10K Research and Marketing.