July 3, 2010 University Park Trailing 90 Days MLS Market Update

Available:
17 homes with average asking price per square foot $345 and average days on market of 83.

Back-Up Offers:
11 homes with average asking price per square foot of $316 and average days on market of 164.

Pending:
6 homes with average asking price per square foot of $327 and average days on market of 57.

Closed:
24 homes with average sold price per square foot of $340 and average days on market of 59.

July 3, 2010 University Town Center Trailing 90 Days MLS Market Update

Available:
11 homes with average asking price per square foot $367 and average days on market of 51.

Back-Up Offers:
4 homes with average asking price per square foot of $322 and average days on market of 55.

Pending:
4 homes with average asking price per square foot of $323 and average days on market of 22.

Closed:
17 homes with average sold price per square foot of $342 and average days on market of 84.

Orange County Median Price and Sales Activity

Median Price of Existing Single-Family Homes
May-10 $505,747
Apr-10 $491,125
May-09 $474,113
MTM% Chg 3.0%
YTY% Chg 6.7%
Sales
MTM% Chg 15.9%
YTY% Chg 18.5%
Appreciation factoid: 7 years ago Dec-03, the median price of an OC home was $483,240; and 10 years ago 12-00 it was $310,730.

May 30, 2010 University Park MLS Stats, Trailing 3 Months.

Available: 22 homes listed for sale with average per square foot asking price $353 and with an average days on market of 61.

Pending: 4 homes pending closing with an average per square foot asking price of $287 and with an average days on market of 50.

Closed: 22 homes closed with an average per square foot sold price of $345 and with an average days on market of 62.

May 30, 2010 University Town Center MLS Stats, Trailing 6 Months.

Available: 7 homes active with average per square foot asking price $348 and average days on market of 50.

Pending: 6 homes pending closing with average per square foot listed price $312 and average days on market of 62.

Closed: 21 homes closed with average per square foot sales price of $344 and average days on market of 78.

Pricing shows relative strength for University Town Center homes. Lower inventory of available homes currently. Summer demand higher than last year.

April 2010 Columbia Square Home Value Update

As of April 24, 2010, Columbia Square average values for last six months as follows:
2 Active Homes for Sale, $405/SF, 63 days on market (DOM);
0 Pending Sales;
4 Closed Sale, $321/SF, 42 DOM.
Analysis: Values solidly higher than Irvine and OC averages.

April 2010 Oxford Court Home Value Update

As of April 24, 2010, Oxford Court average values for last six months as follows:
1 Active Home for Sale, $310/SF, 107 days on market (DOM);
3 Pending Sales, $331/SF, 50 DOM;
1 Closed Sale, $338/SF, 145 DOM.
Analysis: declining values; values solidly higher than Irvine and OC averages.