1. MARKET WITHIN MARKET REPORT BY VICTOR KAMINOFF APRIL 2012

2. $2,686,194 $533 14.0 17.0 179.0 83.1 8.2 9.50% $1,060,000 $946 15.0 12.0 117.0 75.8 7.8 10.26% -60.5% 77.5% 7.1% -29.4% -34.6% -8.7% -5.2% 8.0% BEL AIR – HOMBLY HILLS SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

3. $980,000 $498 15.0 11.0 103.0 65.9 7.3 10.68% $891,500 $430 18.0 15.0 69.0 56.4 2.9 21.74% -9.0% -13.7% 20.0% 36.4% -33.0% -14.4% -59.7% 103.6% BEVERLY CENTER – MIRACLE MILE SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

4. $3,450,000 $1,015 15.0 13.0 154.0 84.0 9.7 8.44% $4,675,000 $904 11.0 133.0 47.1 9.5 8.27% 35.5% -10.9% -26.7% -15.4% -13.6% -43.9% -1.5% -2.0% BEVERLY HILLS SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

5. $3,350,000 $761 11.0 8.0 182.0 117.4 19.2 4.40% $2,050,000 $650 17.0 19.0 135.0 65.8 5.2 14.07% -38.8% -14.6% 54.5% 137.5% -25.8% -43.9% -72.9% 220.2% BEVERLY HILLS P.O. SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

6. $2,195,000 $816 25.0 17.0 165.0 55.7 7.7 10.30% $1,565,000 $748 25.0 22.0 149.0 73.2 4.9 14.77% -28.7% -8.3% 0.0% 29.4% -9.7% 31.4% -36.3% 43.3% BRENTWOOD SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

7. $940,000 $437 23.0 19.0 155.0 46.1 6.4 12.26% $912,500 $415 22.0 23.0 111.0 67.3 3.1 20.72% -29.0% -5.0% -4.3% 21.1% -28.4% 46.0% -50.8% 69.0% HANCOCK PARK-WILSHIRE SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

8. $782,500 $346 10.0 6.0 91.0 82.7 12.8 6.59% $1,205,000 $457 7.0 10.0 59.0 46.2 4.4 16.95% 54.0% 32.1% -30.0% 66.7% -35.2% -44.1% -65.7% 157.1% HOLLYWOOD HILLS EAST SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

9. $735,000 $472 15.0 11.0 97.0 42.0 7.5 11.34% $1,050,000 $476 11.0 23.0 77.0 23.5 2.0 29.87% 42.9% 0.8% -26.7% 109.1% -20.6% -44.1% -73.8% 163.4% LOS FELIZ SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

10. $1,512,500 $553 10.0 298.0 200.4 26.1 3.36% $1,355,000 $494 9.0 20.0 228.0 96.0 8.8 8.77% -10.4% -10.7% -10.0% 100.0% -23.5% -52.1% -66.1% 161.4% MALIBU SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

11. $1,600,000 $1,235 1.0 2.0 110.0 178.5 50.0 1.82% $6,749,500 $2,192 8.0 9.0 90.0 175.1 7.8 10.0% 321.8% 77.5% 700.0% 350.0% -18.2% -1.9% -84.4% 450.0% MALIBU BEACH SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

12. $605,000 $412 15.0 16.0 229.0 59.2 12.2 6.99% $605,000 $382 18.0 32.0 161.0 89.2 3.6 19.88% 0.0% -7.3% 20.0% 100.0% -29.7% 50.6% -70.4% 184.5% MARINA DEL REY CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

13. $1,845,000 $709 21.0 20.0 196.0 63.5 8.1 10.20% $2,650,000 $734 19.0 24.0 145.0 51.5 4.4 16.55% 43.6% 3.5% -9.5% 20.0% -26.0% -18.8% -45.5% 62.2% PACIFIC PALISADES SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

14. $1,400,000 $656 25.0 11.0 123.0 123.6 9.7 8.94% $1,725,000 $810 21.0 19.0 107.0 30.1 3.9 17.76% 23.32% 23.5% -16.0% 72.7% -13.0% -75.7% -59.4% 98.6% SANTA MONICA SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

15. $1,421,000 $608 26.0 29.0 327.0 87.8 9.2 8.87% $1,394,000 $580 32.0 31.0 277.0 54.5 6.5 11.19% -1.9% -4.6% 23.1% 6.9% -15.3% -37.9% -29.1% 26.2% SUNSET STRIP – HOLLYWOOD HILLS WEST SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

16. $448,698 $745 9.0 5.0 51.0 39.0 9.0 9.80% $440,000 $343 3.0 5.0 33.0 46.0 4.4 15.15% -1.9% -54.0% -66.7% 0.0% -35.3% 17.9% -51.1% 54.5% SUNSET STRIP – HOLLYWOOD HILLS WEST CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

17. $740,000 $507 17.0 13.0 125.0 85.0 7.8 10.40% $945,000 $713 17.0 16.0 92.0 62.8 4.1 17.39% 27.7% 40.6% 0.0% 23.1% -26.4% -26.1% -47.7% 67.2% VENICE SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

18. $965,000 $465 5.0 3.0 36.0 29.7 8.3 8.33% $1,042,500 $499 2.0 21.0 98.5 7.0 9.52% 8.0% 7.3% -60.0% -33.3% -41.7% 232.0% -16.0% 14.3% VENICE CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

19. $1,175,000 $635 9.0 7.0 65.0 95.1 7.0 10.77% $761,000 $534 8.0 14.0 50.0 31.7 1.9 28.00% -35.2% -15.9% -11.1% 100.0% -23.1% -66.7% -72.4% 160.0% WEST HOLLYWOOD SFR Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

20. $537,500 $430 28.0 30.0 255.0 80.3 6.6 11.76% $410,000 $392 21.0 40.0 156.0 73.5 2.2 25.64% -23.7% -8.8% -25.0% 33.3% -38.8% -8.6% -66.8% 117.9% WEST HOLLYWOOD CONDO Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……... Days on Market (Pending Sale) ….….. Month’s supply of Inventory……….… Percent Under Contract ………….…… APR. 2011 APR. 2012 % CHANGE

21. Glossary of Terms Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale. Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.