MARKET AREA UPDATE Year: 2018 Report as of: 1Q 2Q 3Q 4Q

Market Area (City, State): Los Angeles County, CA Provided by (Company / Companies): Coldwell Banker Residential Brokerage - SoCal Provided by RDC Member(s): Thomas Hilmar MARKET AREA UPDATE Year: 2018 Report as of: 1Q 2Q 3Q 4Q What are the most significant trends in your current real estate market? (Attach addenda, charts, graphs, etc. as appropriate) * Define Market Area: Urban (city limit area only) Metro Area (as defined by MSA) Other: Please explain: *County Single Family (detached) Condominiums / Townhomes (attached) **Sales Price (current) Choose one: Average Median $ 580,000 $ 455,000 **Sales Price (same time prior year) Choose one: Average Median $ 545,000 $ 430,000 Average Days on Market list to contract (current) Absorption Months of Inventory (last 3 months) Number of active listings divided by the average # of sales per month (for the last 3 months) = # of months needed to sell existing inventory Example: Active Listings = 4500 Closed sales in the past 3 months = 4000 RIGHT: 4,000/3 (months)=1,333 (sales per month) 4,500/1,333=3.37 months of inventory WRONG: 4,500/4,000=1 month of inventory # 36 Increase Decreasing Stable # 2.0 # 1.8 Absorption Months of Inventory (same time prior year) # 1.8 # 1.5 Active Listings # 5,560 # 1,532 Closed ( total last 3 months) # 6,339 # 2,108 Expired Listings ( total last 3 months if available) # # Change in Home Values REAL ESTATE MARKET DATA % 2.0 Increase in past 3 months Stable Decreasing in past 3 months Sold LP/SP Ratio (last 3 months) % 99.6 % 100 # 34 Increase Decreasing Stable % 1.4 Increase in past 3 months Stable Decreasing in past 3 months **Average = the result by adding all sales prices and dividing by the number of units sold Median = denoting the middle of the range of values GENERAL ECONOMY How would you rate the overall economic conditions in area as defined above: Mixed Stable Healthy Shrinking Depressed Supply of Listings: (Single family) Shortage Oversupply Balanced ~ (Condo/Town home) Shortage Oversupply Balanced Overall Market Conditions: Active Stable Sluggish Flat Depressed Unemployment Rate: % % 5.5 Average Please check trend: Increasing Decreasing Same Please describe local economic conditions/climate: (draw upon newspaper articles concerning the coming and going of corporations, layoffs, etc.) *ECONOMY The unemployment rate in Los Angeles is 5.5% (U.S. avg. is 5.2%). Recent job growth is Positive. Los Angeles jobs have increased by 1.37%. COST OF LIVING Compared to the rest of the country, Los Angeles's cost of living is 66.20% higher than the U.S. average. POPULATION Los Angeles's population is 3,971,880 people. Since 2000, it has had a population growth of 13.96%. REAL ESTATE The median home cost in Los Angeles is $583,600. Home appreciation the last 10 years has been 11.09%. RENTAL INFORMATION

Is There a Charge for Rental Assistance: Yes No Outsourced Is Home/Condo Rental Information Available in Your MLS: Yes No Single Family Housing Availability: (3+Bedrooms) Shortage Oversupply Balanced Average Rent $2,450 Condo/Townhome Availability: (2+Bedrooms) Shortage Oversupply Balanced Average Rent $2,350 Apartment Availability: (2+Bedrooms) Shortage Oversupply Balanced Average Rent $1,650

Price Range: 0 to 999999999 Properties: Townhome, Condo Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $538,000-2% 10% Average List Price of all Current Listings $701,904-4% 8% June Median Sales Price $482,000 6% 4% 8% 12% $460,000 8% 7% June Average Sales Price $583,085 4% 3% 8% 11% $560,680 9% 6% Total Properties Currently for Sale (Inventory) 1,532 23% 13% June Number of Properties Sold 762 12% -8% 3,711-6% June Average Days on Market (Solds) 32-6% -6% 3% -14% 34-13% -8% Asking Price per Square Foot (based on New Listings) $456 2% 2% 9% 10% $445 9% 8% June Sold Price per Square Foot $428-1% 0% 5% 7% $424 8% 6% June Month's Supply of Inventory 2.0 10% 9% 23% 13% 2.0 3% 10% June Sale Price vs List Price Ratio 99.8% -0.4% 0% 0% 0.3% 99.9% 0.4% 0.4% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Property Sales June Property sales were 762, down -8.3% from 831 in June of 2017 and 11.6% higher than the 683 sales last month. June 2018 sales were at a mid level compared to June of 2017 and 2016. June YTD sales of 3,711 are running -5.5% behind last year's year-to-date sales of 3,928. Prices The Median Sales Price in June was $482,000, up 7.6% from $448,000 in June of 2017 and up 5.9% from $455,000 last month. The Average Sales Price in June was $583,085, up 8.1% from $539,276 in June of 2017 and up 4.4% from $558,772 last month. June 2018 ASP was at highest level compared to June of 2017 and 2016.

Price Range: 0 to 999999999 Properties: Townhome, Condo Inventory & MSI The Total Inventory of Properties available for sale as of June was 1,532, up 22.8% from 1,248 last month and up 12.6% from 1,361 in June of last year. June 2018 Inventory was at a mid range compared to June of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2018 MSI of 2.0 months was at a mid range compared with June of 2017 and 2016. 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 DOM tends 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 June was 32, down -5.9% from 34 days last month and up 3.2% from 31 days in June of last year. The June 2018 DOM was at a mid range compared with June of 2017 and 2016. 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 price can 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 the direction of Property values. The June 2018 Selling Price per Square Foot of $428 was down -1.4% from $434 last month and up 4.6% from $409 in June of last year.

Price Range: 0 to 999999999 Properties: Townhome, Condo 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 ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2018 Selling Price vs List Price of 99.8% was down from 100.2% last month and down from 100.0% in June 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 basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2018 was 957, down -1.3% from 970 last month and down -5.4% from 1,012 in June of last year.

Price Range: 0 to 999999999 Properties: Townhome, Condo Homes Sold 781 677 672 685 508 642 471 443 636 687 718 748 676 768 692 644 621 646 488 483 692 673 761 831 709 813 704 687 634 684 409 472 722 663 683 762 3 Mo. Roll Avg 710 678 622 612 540 519 517 589 680 718 714 731 712 701 652 637 585 539 554 616 709 755 767 784 742 735 675 668 576 522 534 619 689 703 (000's) MedianSalePrice 375 375 383 380 375 386 365 395 392 410 385 397 398 400 410 400 405 402 395 405 420 425 427 448 420 435 452 435 425 440 435 444 470 452 455 482 3 Mo. Roll Avg 378 379 379 380 375 382 384 399 396 397 393 398 402 403 405 402 401 401 407 417 424 433 432 434 436 441 437 433 433 440 450 455 459 463 Inventory 1,763 1,720 1,717 1,567 1,495 1,230 1,291 1,311 1,288 1,367 1,439 1,547 1,650 1,597 1,556 1,428 1,305 1,080 1,172 1,122 1,148 1,198 1,248 1,361 1,329 1,278 1,265 1,141 1,029 910 1,035 1,039 1,079 1,115 1,248 1,532 MSI 2 3 3 2 3 2 3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 3 2 1 2 2 2 Days On Market 44 42 42 41 47 44 51 53 42 41 36 38 36 36 40 38 41 40 44 49 41 38 35 31 34 34 35 38 36 38 37 37 36 31 34 32 3 Mo. Roll Avg 43 42 43 44 47 49 49 45 40 38 37 37 37 38 40 40 42 44 45 43 38 35 33 33 34 36 36 37 37 37 37 35 34 32 Price per Sq Ft 336 346 361 352 350 362 344 371 357 369 375 372 374 369 376 371 372 371 375 374 383 400 391 409 393 407 407 403 415 412 401 427 428 419 434 428 3 Mo. Roll Avg 348 353 354 355 352 359 357 366 367 372 374 372 373 372 373 371 373 373 377 386 391 400 398 403 402 406 408 410 409 413 419 425 427 427 Sale to List Price 0.991 0.987 0.980 0.985 0.981 0.978 0.977 0.980 0.987 0.989 0.995 0.992 0.995 0.993 0.987 0.985 0.983 0.982 0.986 0.993 0.991 0.998 1.002 1.000 0.998 0.996 0.996 0.993 0.995 0.994 0.991 1.000 0.999 1.002 1.002 0.998 3 Mo. Roll Avg 0.986 0.984 0.982 0.981 0.979 0.978 0.981 0.985 0.990 0.992 0.994 0.993 0.992 0.988 0.985 0.983 0.984 0.987 0.990 0.994 0.997 1.000 1.000 0.998 0.997 0.995 0.995 0.994 0.993 0.995 0.997 1.000 1.001 1.001 New Listings 1,038 888 883 776 680 425 753 803 870 916 942 1,018 987 941 866 716 613 428 823 701 918 903 982 1,012 885 917 771 772 638 418 820 743 900 899 970 957 Inventory 1,763 1,720 1,717 1,567 1,495 1,230 1,291 1,311 1,288 1,367 1,439 1,547 1,650 1,597 1,556 1,428 1,305 1,080 1,172 1,122 1,148 1,198 1,248 1,361 1,329 1,278 1,265 1,141 1,029 910 1,035 1,039 1,079 1,115 1,248 1,532 Sales 781 677 672 685 508 642 471 443 636 687 718 748 676 768 692 644 621 646 488 483 692 673 761 831 709 813 704 687 634 684 409 472 722 663 683 762 (000's) Avg Sale Price 442 434 457 460 453 497 444 509 462 495 478 475 475 478 489 478 492 492 482 495 514 519 524 539 525 536 540 532 554 543 526 554 569 554 559 583 3 Mo. Roll Avg 445 451 457 470 465 483 472 489 478 483 476 476 481 482 486 487 489 490 497 510 519 527 529 534 534 536 542 543 541 541 550 559 561 565 the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data

Price Range: 0 to 999999999 Properties: Single Family Home Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $709,000 1% 11% Average List Price of all Current Listings $1,144,630 0% 5% June Median Sales Price $615,000 2% 3% 9% 10% $590,000 8% 6% June Average Sales Price $804,221 5% 5% 9% 13% $752,297 7% 6% Total Properties Currently for Sale (Inventory) 5,560 19% 8% June Number of Properties Sold 2,265 3% -13% 11,333-6% June Average Days on Market (Solds) 32-3% -9% -6% -18% 38-7% -3% Asking Price per Square Foot (based on New Listings) $478 2% 1% 7% 9% $468 7% 7% June Sold Price per Square Foot $465 2% 2% 7% 9% $452 8% 6% June Month's Supply of Inventory 2.5 16% 6% 24% 5% 2.4-1% 3% June Sale Price vs List Price Ratio 99.6% -0.3% 0% 0% 0.7% 99.4% 0.6% 0.5% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Property Sales June Property sales were 2,265, down -12.8% from 2,598 in June of 2017 and 2.9% higher than the 2,201 sales last month. June 2018 sales were at their lowest level compared to June of 2017 and 2016. June YTD sales of 11,333 are running -5.5% behind last year's year-to-date sales of 11,998. Prices The Median Sales Price in June was $615,000, up 8.8% from $565,000 in June of 2017 and up 1.7% from $605,000 last month. The Average Sales Price in June was $804,221, up 8.7% from $739,554 in June of 2017 and up 5.2% from $764,758 last month. June 2018 ASP was at highest level compared to June of 2017 and 2016.

Price Range: 0 to 999999999 Properties: Single Family Home Inventory & MSI The Total Inventory of Properties available for sale as of June was 5,560, up 19.0% from 4,672 last month and up 8.0% from 5,149 in June of last year. June 2018 Inventory was at a mid range compared to June of 2017 and 2016. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2018 MSI of 2.5 months was at its highest level compared with June of 2017 and 2016. 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 DOM tends 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 June was 32, down -3.0% from 33 days last month and down -5.9% from 34 days in June of last year. The June 2018 DOM was at its lowest level compared with June of 2017 and 2016. 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 price can 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 the direction of Property values. The June 2018 Selling Price per Square Foot of $465 was up 2.0% from $456 last month and up 7.1% from $434 in June of last year.

Price Range: 0 to 999999999 Properties: Single Family Home 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 ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2018 Selling Price vs List Price of 99.6% was down from 99.9% last month and up from 99.5% in June 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 basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2018 was 3058, down -1.5% from 3,103 last month and down -4.8% from 3,213 in June of last year.

Price Range: 0 to 999999999 Properties: Single Family Home Homes Sold 2,476 2,252 2,216 2,136 1,585 2,211 1,532 1,454 1,966 2,132 2,240 2,419 2,240 2,321 2,290 2,030 1,986 2,165 1,621 1,436 2,135 1,908 2,300 2,598 2,080 2,442 2,198 2,051 1,983 1,940 1,447 1,476 2,071 1,873 2,201 2,265 3 Mo. Roll Avg 2,315 2,201 1,979 1,977 1,776 1,732 1,651 1,851 2,113 2,264 2,300 2,327 2,284 2,214 2,102 2,060 1,924 1,741 1,731 1,826 2,114 2,269 2,326 2,373 2,240 2,230 2,077 1,991 1,790 1,621 1,665 1,807 2,048 2,113 (000's) MedianSalePrice 489 495 488 495 475 505 480 480 503 512 525 530 530 532 525 531 530 520 532 530 541 545 550 565 575 576 571 563 565 562 557 577 590 590 605 615 3 Mo. Roll Avg 491 493 486 492 487 488 488 499 514 522 528 531 529 529 529 527 527 527 534 538 545 553 563 572 574 570 566 563 561 565 575 586 595 603 Inventory 6,820 6,759 6,677 6,328 5,863 5,021 5,307 5,386 5,388 5,457 5,641 5,913 6,307 6,120 5,877 5,674 5,185 4,349 4,468 4,407 4,576 4,765 4,835 5,149 5,278 5,215 5,109 4,718 4,318 3,706 3,794 4,077 4,144 4,488 4,672 5,560 MSI 3 3 3 3 4 2 3 4 3 3 3 2 3 3 3 3 3 2 3 3 2 2 2 2 3 2 2 2 2 2 3 3 2 2 2 2 Days On Market 41 42 42 46 46 46 50 53 48 42 43 37 38 40 41 41 42 46 49 49 45 41 36 34 34 35 34 38 40 41 45 44 40 36 33 32 3 Mo. Roll Avg 42 43 45 46 47 50 50 48 44 41 39 38 40 41 41 43 46 48 48 45 41 37 35 34 34 36 37 40 42 43 43 40 36 34 Price per Sq Ft 376 379 377 381 377 381 368 376 396 394 398 400 398 410 394 413 401 397 403 392 410 425 424 434 436 425 434 428 431 436 429 448 453 450 456 465 3 Mo. Roll Avg 377 379 378 380 375 375 380 389 396 397 399 403 401 406 403 404 400 397 402 409 420 428 431 432 432 429 431 432 432 438 443 450 453 457 Sale to List Price 0.986 0.985 0.984 0.976 0.981 0.978 0.981 0.979 0.985 0.988 0.988 0.990 0.989 0.989 0.986 0.980 0.980 0.975 0.975 0.980 0.984 0.994 0.995 0.995 0.996 0.993 0.990 0.987 0.987 0.986 0.986 0.989 0.996 0.995 0.999 0.996 3 Mo. Roll Avg 0.985 0.982 0.980 0.978 0.980 0.979 0.982 0.984 0.987 0.989 0.989 0.989 0.988 0.985 0.982 0.978 0.977 0.977 0.980 0.986 0.991 0.995 0.995 0.995 0.993 0.990 0.988 0.987 0.986 0.987 0.990 0.993 0.997 0.997 New Listings 3,482 3,142 2,995 2,816 2,191 1,631 2,615 2,795 3,129 3,099 3,165 3,345 3,257 3,226 2,837 2,753 2,222 1,514 2,436 2,373 3,156 3,002 3,176 3,213 3,094 3,057 2,677 2,483 2,042 1,434 2,469 2,610 2,804 2,984 3,103 3,058 Inventory 6,820 6,759 6,677 6,328 5,863 5,021 5,307 5,386 5,388 5,457 5,641 5,913 6,307 6,120 5,877 5,674 5,185 4,349 4,468 4,407 4,576 4,765 4,835 5,149 5,278 5,215 5,109 4,718 4,318 3,706 3,794 4,077 4,144 4,488 4,672 5,560 Sales 2,476 2,252 2,216 2,136 1,585 2,211 1,532 1,454 1,966 2,132 2,240 2,419 2,240 2,321 2,290 2,030 1,986 2,165 1,621 1,436 2,135 1,908 2,300 2,598 2,080 2,442 2,198 2,051 1,983 1,940 1,447 1,476 2,071 1,873 2,201 2,265 (000's) Avg Sale Price 631 649 622 653 612 632 593 624 656 658 674 677 676 680 647 675 666 652 703 654 688 695 717 740 741 712 733 713 707 731 689 731 753 739 765 804 3 Mo. Roll Avg 634 641 629 632 612 616 624 646 663 670 676 678 668 667 663 664 674 670 682 679 700 717 732 731 729 719 717 717 709 717 724 741 752 769 the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data