Michael G. White State-Certified General Appraiser RZ2999

Marion County Real Estate Market Trends

PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 20055,813156,520N/A135,900N/A ,735178,51614%160,90018% ,169173,339-3%152,000-6% ,453147,874-15%126,000-17% ,234113,467-23%95,000-25% ,003102,068-10%80,000-16%155 Active4,307N/A Entire County 2010

PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 20055,813156,520N/A135,900N/A ,735178,51614%160,90018% ,169173,339-3%152,000-6% ,453147,874-15%126,000-17% ,234113,467-23%95,000-25% ,003102,068-10%80,000-16%155 Active4,307N/A Entire County 2010

PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 2006 Q1 1,441188,820 N/A 159,000 N/A Q ,555 -1% 161,200 1% Q ,747 -2% 130, % Q , % 100, % Q , % 85, % Q1 1,04592, % 69, % 161 Active3,983N/A Entire County Sales Q1

PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 2006 Q1 1,441188,820 N/A 159,000 N/A Q ,555 -1% 161,200 1% Q ,747 -2% 130, % Q , % 100, % Q , % 85, % Q1 1,04592, % 69, % 161 Active3,983N/A Entire County Sales Q1

Driving Forces Marion Oaks Silver Springs Shores Distressed Sales

Marion Oaks PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM ,159 N/A 129,938 N/A ,458 24% 169,900 31% ,589 -4% 165,000 -3% , % 128, % , % 86, % , % 76, % 127 Active231N/A

Marion Oaks First Quarter 2011 Sales Q1 PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 2006 Q ,811 N/A 154,000 N/A Q ,615 4% 168,500 9% Q , % 137, % Q1 3090, % 88, % Q1 8275, % 82,900 -6% Q1 9668,421 -9% 68, % 182 Active182N/A

Silver Springs Shores PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM ,909 N/A 134,450 N/A ,200 17% 161,000 20% ,205 -3% 153,900 -4% , % 115, % , % 80, % , % 67, % 123 Active319N/A

Silver Springs Shores First Quarter 2011 PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 2006 Q ,024 N/A 159,900 N/A Q ,806 0% 156,900 -2% Q , % 125, % Q1 5284, % 89, % Q , % 70, % Q , % 50, % 123 Active277N/A Sales Q1

Marion Oaks SalesSilver Springs Shores Sales Entire County Sales

Marion Oaks SalesSilver Springs Shores Sales Entire County Sales

Direction List PriceSales PriceTotal SQ FTList to Sale $ per Number AverageMedianAverageMedianAverageMedianSale (AVG)Sale (MED)Sq. FT. (AVG)Sq. FT. (MED)Of Sales NE Ocala79,37364,70072,20957,0001,4371, %88.10%$50.25$ SE Ocala175,161135,000161,290128,0002,0741, %94.81%$77.76$ SW Ocala107,88889,900100,82885,0001,7031, %94.55%$59.20$ NW Ocala113,05184,500100,19975,0001,6411, %88.76%$61.07$

Direction List PriceSales PriceTotal SQ FTList to Sale $ per Number AverageMedianAverageMedianAverageMedianSale (AVG)Sale (MED)Sq. FT. (AVG)Sq. FT. (MED)Of Sales NE Ocala79,37364,70072,20957,0001,4371, %88.10%$50.25$ SE Ocala175,161135,000161,290128,0002,0741, %94.81%$77.76$ SW Ocala107,88889,900100,82885,0001,7031, %94.55%$59.20$ NW Ocala113,05184,500100,19975,0001,6411, %88.76%$61.07$

Marion CountyList PriceSell PriceDOM Average$110,442$101, Median$84,995$80, Count4, % Sell to List in 2010

Marion County Distressed SalesList PriceSell PriceDOM Average$96,537$90, Median$78,900$75, Count2, % Sell to List in 2010

Marion County Short SalesList PriceSell PriceDOM Average$113,799$105, Median$87,900$83, Count483 Marion County Foreclosed/REO SalesList PriceSell PriceDOM Average$79,275$75,79890 Median$69,900$67,50073 Count1,559 ¾ of Distressed are Foreclosure/REO

Short Sale/Nondistressed SalesList PriceSell PriceDOM Average85%86%155% Median80%83%177% Foreclosed/Nondistressed SalesList PriceSell PriceDOM Average59%62%51% Median64%68%55% Distressed/NonDistressed SalesList PriceSell PriceDOM Average72%74%103% Median72%75%116%

YearActive Listings (County Wide)Sales (County Wide) 2005N/A5, N/A4, N/A3, ,148*2, ,590*3, ,3074, ,127**692** Marion County Sales

Year CountywideNE Ocala ,5311, ,5591, ,6091, ,6251, ,6441, ,6441,348

YearSalesAverage Sales Price Median Sales Price 20053,233$29,955$28, ,241$37,368$37, $25,017$22, $17,326$15, $9,193$7, $6,662$5,300 Active662N/A

PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 2006 Q ,502 N/A 189,900 N/A Q ,940 3% 203,625 7% Q ,480 -2% 159, % Q , % 142, % Q , % 121, % Q , % 95, % 173 Active351N/A First Quarter 2011

34481 First Quarter 2011 PeriodSalesAverage Sales ($)ChangeMedian Sales ($)ChangeDOM 2006 Q ,131 N/A 134,950 N/A Q ,931 -4% 135,000 0% Q1 6398, % 86, % Q ,711 7% 91,000 6% Q , % 70, % Q1 9267, % 62, % 173 Active402N/A

Where can you get more market trends information?

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Questions?

Michael G. White State-Certified General Appraiser RZ