2010 2011 + / – 2010 2011 + / –

New Listings 102 75 - 26.5% 1,651 1,427 - 13.6%

Closed Sales 62 79 + 27.4% 818 957 + 17.0%

Median Sales Price* $152,950 $159,950 + 4.6% $170,500 $154,950 - 9.1%

Average Sales Price* $189,018 $179,058 - 5.3% $199,486 $181,786 - 8.9%

Price Per Square Foot* $89 $84 - 4.8% $100 $88 - 11.9%

Percent of Original List Price Received* 89.6% 91.1% + 1.6% 93.6% 92.1% - 1.6%

Days on Market Until Sale 139 119 - 14.8% 125 132 + 5.7%

Inventory of Homes for Sale 435 266 - 38.9% -- -- --

Months Supply of Inventory 6.5 3.3 - 49.7% -- -- --

Local Market Update – December 2011 A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS®

- 26.5% + 27.4% + 4.6%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

December Year to Date

Blaine

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

1,6511,427

Year to Date 2010 2011

102

79

December 2010 2011

** 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 January 9 2012 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union www rcu org

Twin Cities Region

Blaine

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011

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

a

818957

New Listings Closed Sales+ 17.0%- 13.6%

6275 79

New Listings Closed Sales+ 27.4%- 26.5%

during that period. | Current as of January 9, 2012. All data from Regional Multiple Listing Service, Inc. | Powered by 10K Research and Marketing. | Sponsored by Royal Credit Union www.rcu.org

LOCAL INFORMATION IS ESSENTIAL

I’ve selected our neighborhood to show just how important local information can be. The housing statistics on the

previous page are for the entire city of Blaine and are not necessarily accurate or detailed enough to make a good local

decision. Below is a customized breakout specific to our neighborhood. As you can see, these figures are quite different

and more detailed. The median price for the City of Blaine was up 4.6% at $159,950. However the Red Oak

Neighborhood median price was down across all categories with Traditional Sales at $150,000, Foreclosure Sales at

$104,900, and Short Sales at $117,750. When making a decision, you need the most recent detailed local information

you can get your hands on.

The “choppiness” of this graph for foreclosures and short sales prior to 2009 is due to the low number of sales in those two categories as you can see from the chart below that shows the number of homes for sale during the same timeframe.

Red Oak Neighborhood

Neighborhood Boundaries: 101

st on the south

109th

on the north University Ave on the west

Jefferson St on the east