AATTACHEDTTACHED DDWELLINGWELLING MMARKETARKET AANALYSISNALYSIS, T, TRENDSRENDS,, ANDAND KKEYEY PPOINTSOINTS

Due back to FCBR within 24 hours for

Inclusion in this months packet

NNAMEAME_______________________ CCOMPANYOMPANY___________________ PPHONEHONE______________

RRESIDENTIALESIDENTIAL DDETACHEDETACHED MMARKETARKET AANALYSISNALYSIS, T, TRENDSRENDS,, ANDAND KKEYEY PPOINTSOINTS

For October 2012 the trend continues in the decrease in the available inventory of homes.In October there were 935 active single family homes listed in Fort Collins, a decrease of17.4% from a year ago. However, there was a 4.3% increase the Median Sales Pricefrom $234,845 to $245,000 and a 34.3% increase in Monthly Volume from $46,983,726.So far for 2012 there has been a 22.3% increase over 2011. More buyers are entering themarket and purchasing homes absorbing any languishing inventory.

For Attached Homes the numbers are even greater. There were 153 active attachedhomes listed or a 26.8% decrease with an average sales price increase of 25.2% from$132,000 to $165,200. Monthly Volume increased a staggering 63.1% over 2011.

Jeffrey Martin The Group 970-599-4436

Due back to FCBR within 24 hrs for

Inclusion in this months packet

FCBR MFCBR MARKETARKET BBAROMETERAROMETER

BBASEDASED ONON AA SSCALECALE OFOF 11--5. 1 5. 1 BEINGBEING ANAN ABSOLUTEABSOLUTE BUYERSBUYERS MARTETMARTET ANDAND 55 BEINGBEING ANAN

ABSOLUTEABSOLUTE SELLERSSELLERS MARKETMARKET. W. WHEREHERE AREARE WEWE TODAYTODAY ININ YOURYOUR OPINIONOPINION? (C? (CIRCLEIRCLE OONENE))

11 2 3 4 52 3 4 5BBUYERUYER MMARKETARKET / S/ SOMEWHATOMEWHAT OFOF BBUYERSUYERS MMARKETARKET / N/ NOTOT SSUREURE / S/ SOMEWHATOMEWHAT OFOF SSELLERSELLERS MMARKETARKET / S/ SELLERSELLERS MMARKETARKET

OOTHERTHER CCOMMENTSOMMENTS ANDAND SSTORYTORY IIDEASDEAS

XXXXX

The increase in sales and pricing will have a significant impact on the economic engineof Fort Collins and should continue over the next several months.

FT COLLINS RESIDENTIAL Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Monthly Active Listing Snapshot 984 1100 1006 1093 1142 1097 Previous Year Active 1028 1116 1263 1362 1396 1425 % Difference Previous Yr -4.3% -1.4% -20.3% -19.8% -18.2% -23.0%Monthly # of Sold Listings 107 116 226 239 277 309Monthly Median Sales Price $238,500 $230,500 $245,500 $245,000 $238,800 $251,200 Previous Year Median $246,000 $239,000 $210,000 $230,000 $236,000 $240,250 % Difference Previous Yr -3.0% -3.6% 16.9% 6.5% 1.2% 4.6%Monthly $ Volume $28,931,518 $28,992,213 $65,070,445 $66,362,817 $75,778,005 $92,002,451 Previous Year Monthly $ Volume $26,772,442 $31,024,305 $43,233,830 $47,955,488 $69,992,933 $71,151,601 % Difference Previous Yr 8.1% -6.6% 50.5% 38.4% 8.3% 29.3%YTD # of Listings Sold 107 223 449 688 965 1274 Previous Year # Sold 103 211 382 561 818 1074 % Difference Previous Yr 3.9% 5.7% 17.5% 22.6% 18.0% 18.6%Monthly Average Days on Market (ADOM) 139 124 132 115 94 105YTD ADOM 139 132 133 127 117 114 Previous Year ADOM 139 138 139 124 125 121 % Difference Previous Yr 0.0% -4.3% -4.3% 2.4% -6.4% -5.8%YTD $ Volume $28,931,518 $57,923,731 $122,994,176 $189,356,993 $265,134,998 $357,137,449 Previous Year YTD $ Volume $26,772,442 $57,796,747 $101,030,577 $148,986,065 $218,978,998 $290,130,559 % Difference Previous Yr 8.1% 0.2% 21.7% 27.1% 21.1% 23.1%

FT COLLINS RESIDENTIAL Jul-12 Aug-12 Sep-12 Oct-12Monthly Active Listing Snapshot 1150 1075 1012 935 Previous Year Active 1393 1310 1243 1132 % Difference Previous Yr -17.4% -17.9% -18.6% -17.4%Monthly # of Sold Listings 309 290 245 222Monthly Median Sales Price $250,000 $258,156 $250,000 $245,000 Previous Year Median $250,000 $236,000 $242,460 $234,845 % Difference Previous Yr 0.0% 9.4% 3.1% 4.3%Monthly $ Volume $87,012,464 $84,644,197 $71,031,040 $63,119,352 Previous Year Monthly $ Volume $71,031,017 $62,459,068 $50,153,585 $46,983,726 % Difference Previous Yr 22.5% 35.5% 41.6% 34.3%YTD # of Listings Sold 1583 1873 2118 2340 Previous Year # Sold 1333 1565 1743 1913 % Difference Previous Yr 18.8% 19.7% 21.5% 22.3%Monthly Average Days on Market (ADOM) 83 100 93 105YTD ADOM 105 104 103 103 Previous Year ADOM 118 115 115 116 % Difference Previous Yr -11.0% -9.6% -10.4% -11.2%YTD $ Volume $444,149,913 $528,794,110 $599,825,150 $662,944,502 Previous Year YTD $ Volume $361,161,616 $423,620,684 $473,774,269 $520,757,995 % Difference Previous Yr 23.0% 24.8% 26.6% 27.3%

FT COLLINS ATD DWELLING Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Monthly Active Listing Snapshot 181 207 238 278 265 239 Previous Year Active 258 274 305 331 311 303 % Difference Previous Yr -29.8% -24.5% -22.0% -16.0% -14.8% -21.1%Monthly # of Sold Listings 39 22 50 43 73 90Monthly Median Sales Price $160,001 $154,500 $147,500 $137,900 $162,000 $145,750 Previous Year Median $164,000 $158,300 $140,000 $142,500 $156,500 $154,900 % Difference Previous Yr -2.4% -2.4% 5.4% -3.2% 3.5% -5.9%Monthly $ Volume $6,559,379 $3,170,000 $8,354,711 $6,680,246 $12,126,275 $14,507,823 Previous Year Monthly $ Volume $4,256,600 $5,535,878 $5,871,581 $8,504,181 $11,056,407 $10,537,660 % Difference Previous Yr 54.1% -42.7% 42.3% -21.4% 9.7% 37.7%YTD # of Listings Sold 39 61 111 154 227 317 Previous Year # Sold 24 61 102 157 228 293 % Difference Previous Yr 62.5% 0.0% 8.8% -1.9% -0.4% 8.2%Monthly Average Days on Market (ADOM) 144 145 91 86 79 80YTD ADOM 144 145 120 112 101 95 Previous Year ADOM 176 131 144 142 143 134 % Difference Previous Yr -18.2% 10.7% -16.7% -21.1% -29.4% -29.1%YTD $ Volume $6,559,379 $9,729,379 $18,084,090 $24,764,336 $36,890,611 $51,398,434 Previous Year YTD $ Volume $4,256,600 $9,792,478 $15,664,059 $24,168,240 $35,224,647 $45,762,307 % Difference Previous Yr 54.1% -0.6% 15.4% 2.5% 4.7% 12.3%

FT COLLINS ATD DWELLING Jul-12 Aug-12 Sep-12 Oct-12Monthly Active Listing Snapshot 203 176 169 153 Previous Year Active 282 243 227 209 % Difference Previous Yr -28.0% -27.6% -25.6% -26.8%Monthly # of Sold Listings 80 83 56 49Monthly Median Sales Price $154,250 $145,000 $147,500 $165,200 Previous Year Median $150,000 $156,500 $142,850 $132,000 % Difference Previous Yr 2.8% -7.3% 3.3% 25.2%Monthly $ Volume $12,561,650 $12,707,981 $8,868,507 $9,286,982 Previous Year Monthly $ Volume $8,372,410 $11,343,173 $7,727,663 $5,694,706 % Difference Previous Yr 50.0% 12.0% 14.8% 63.1%YTD # of Listings Sold 397 480 536 585 Previous Year # Sold 348 420 470 511 % Difference Previous Yr 14.1% 14.3% 14.0% 14.5%Monthly Average Days on Market (ADOM) 90 73 88 112YTD ADOM 95 91 91 92 Previous Year ADOM 134 127 123 122 % Difference Previous Yr -29.1% -28.3% -26.0% -24.6%YTD $ Volume $63,960,084 $76,668,065 $85,536,572 $94,823,554 Previous Year YTD $ Volume $54,134,717 $65,477,890 $73,205,553 $78,900,259 % Difference Previous Yr 18.1% 17.1% 16.8% 20.2%

Regional Snapshot 2012 - Fort Collins Residential Detached

Statistics refer to the Fort Collins area (IRES Area 9), single family, detached properties and excludes mobile homes and timeshares. ADOM refers to Average Days on Market, which is calculated from the list date to the "Pending" or "Under Contract" date. To Be Builts & Under Construction are excluded from active results as of 3/2012.

Regional Snapshot 2012 - Fort Collins Attached Dwelling

Statistics refer to the Fort Collins area (IRES Area 9), Attached Dwelling properties and excludes mobile homes and timeshares. ADOM refers to Average Days on Market, which is calculated from the list date to the "Pending" or "Under Contract" date. To Be Builts & Under Construction are excluded from active results as of 3/2012.

GREELEY/EVANS RESIDENTIAL Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Monthly Active Listing Snapshot 390 411 400 443 462 475 Previous Year Active 604 590 604 598 590 565 % Difference Previous Yr -35.4% -30.3% -33.8% -25.9% -21.7% -15.9%Monthly # of Sold Listings 65 82 91 90 132 102Monthly Median Sales Price $150,000 $127,500 $139,000 $152,650 $145,500 $150,750 Previous Year Median $130,000 $127,500 $130,000 $129,000 $126,000 $139,000 % Difference Previous Yr 15.4% 0.0% 6.9% 18.3% 15.5% 8.5%Monthly $ Volume $10,395,067 $11,784,302 $13,952,132 $14,949,159 $21,826,019 $17,478,674 Previous Year Monthly $ Volume $8,833,004 $8,366,048 $16,917,211 $18,063,991 $18,264,746 $20,610,757 % Difference Previous Yr 17.7% 40.9% -17.5% -17.2% 19.5% -15.2%YTD # of Listings Sold 65 147 238 328 460 562 Previous Year # Sold 61 120 239 360 491 622 % Difference Previous Yr 6.6% 22.5% -0.4% -8.9% -6.3% -9.6%Monthly Average Days on Market (ADOM) 117 96 110 97 105 102YTD ADOM 117 105 107 104 104 103 Previous Year ADOM 102 109 108 105 127 108 % Difference Previous Yr 14.7% -3.7% -0.9% -1.0% -18.1% -4.6%YTD $ Volume $10,395,067 $22,179,369 $36,131,501 $51,080,660 $72,906,679 $90,385,353 Previous Year YTD $ Volume $8,833,004 $17,199,052 $34,116,263 $52,180,254 $70,445,000 $91,055,757 % Difference Previous Yr 17.7% 29.0% 5.9% -2.1% 3.5% -0.7%

GREELEY/EVANS RES (cont'd) Jul-12 Aug-12 Sep-12 Oct-12Monthly Active Listing Snapshot 464 458 449 420 Previous Year Active 555 534 516 471 % Difference Previous Yr -16.4% -14.2% -13.0% -10.8%Monthly # of Sold Listings 134 140 97 119Monthly Median Sales Price $147,450 $154,950 $162,000 $165,000 Previous Year Median $136,900 $130,000 $130,400 $135,000 % Difference Previous Yr 7.7% 19.2% 24.2% 22.2%Monthly $ Volume $21,294,110 $23,372,175 $17,817,901 $21,150,113 Previous Year Monthly $ Volume $20,853,963 $15,005,165 $18,209,535 $15,258,136 % Difference Previous Yr 2.1% 55.8% -2.2% 38.6%YTD # of Listings Sold 696 836 933 1052 Previous Year # Sold 755 853 972 1083 % Difference Previous Yr -7.8% -2.0% -4.0% -2.9%Monthly Average Days on Market (ADOM) 101 89 94 91YTD ADOM 103 100 99 98 Previous Year ADOM 104 102 115 103 % Difference Previous Yr -1.0% -2.0% -13.9% -4.9%YTD $ Volume $111,679,463 $135,051,638 $152,869,539 $174,019,652 Previous Year YTD $ Volume $111,909,720 $126,914,885 $145,124,420 $160,382,556 % Difference Previous Yr -0.2% 6.4% 5.3% 8.5%

GREELEY/EVANS ATD DWELL Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Monthly Active Listing Snapshot 70 65 72 69 63 59 Previous Year Active 94 91 95 98 90 96 % Difference Previous Yr -25.5% -28.6% -24.2% -29.6% -30.0% -38.5%Monthly # of Sold Listings 8 7 23 18 12 22Monthly Median Sales Price $86,500 $128,000 $112,500 $109,500 $114,250 $116,450 Previous Year Median $104,900 $102,600 $74,900 $99,000 $98,500 $101,450 % Difference Previous Yr -17.5% 24.8% 50.2% 10.6% 16.0% 14.8%Monthly $ Volume $717,600 $936,500 $2,554,600 $2,089,395 $1,435,101 $2,561,980 Previous Year Monthly $ Volume $1,163,800 $525,600 $949,360 $2,100,900 $2,126,486 $1,323,500 % Difference Previous Yr -38.3% 78.2% 169.1% -0.5% -32.5% 93.6%YTD # of Listings Sold 8 15 38 56 68 90 Previous Year # Sold 11 16 27 44 63 75 % Difference Previous Yr -27.3% -6.3% 40.7% 27.3% 7.9% 20.0%Monthly Average Days on Market (ADOM) 140 111 120 114 110 171YTD ADOM 140 126 123 120 118 131 Previous Year ADOM 113 117 114 111 117 117 % Difference Previous Yr 23.9% 7.7% 7.9% 8.1% 0.9% 12.0%YTD $ Volume $717,600 $1,654,100 $4,208,700 $6,298,095 $7,733,196 $10,295,176 Previous Year YTD $ Volume $1,163,800 $1,689,400 $2,638,760 $4,739,660 $6,866,146 $8,189,646 % Difference Previous Yr -38.3% -2.1% 59.5% 32.9% 12.6% 25.7%

GREELEY/EVANS ATD DWELL (cont'd) Jul-12 Aug-12 Sep-12 Oct-12Monthly Active Listing Snapshot 53 55 56 51 Previous Year Active 95 96 81 85 % Difference Previous Yr -44.2% -42.7% -30.9% -40.0%Monthly # of Sold Listings 18 14 15 14Monthly Median Sales Price $118,500 $120,500 $117,500 $115,500 Previous Year Median $104,750 $116,000 $103,000 $88,900 % Difference Previous Yr 13.1% 3.9% 14.1% 29.9%Monthly $ Volume $2,225,313 $1,819,522 $1,984,200 $1,769,300 Previous Year Monthly $ Volume $1,994,500 $1,683,687 $1,276,115 $1,355,882 % Difference Previous Yr 11.6% 8.1% 55.5% 30.5%YTD # of Listings Sold 108 122 137 151 Previous Year # Sold 93 108 121 135 % Difference Previous Yr 16.1% 13.0% 13.2% 11.9%Monthly Average Days on Market (ADOM) 94 78 112 61YTD ADOM 125 119 119 118 Previous Year ADOM 97 111 115 118 % Difference Previous Yr 28.9% 7.2% 3.5% 0.0%YTD $ Volume $12,520,489 $14,340,011 $16,324,211 $18,093,511 Previous Year YTD $ Volume $10,184,146 $11,867,833 $13,143,948 $14,499,830 % Difference Previous Yr 22.9% 20.8% 24.2% 24.8%

Regional Snapshot 2012 - Greeley and Evans Attached Dwelling

Statistics refer to the cities of Greeley and Evans defined by using Mail City in the IRES system, Attached Dwelling properties and excludes mobile homes and timeshares. ADOM refers to Average Days on Market, which is calculated from the list date. To Be Builts & Under Construction are excluded from active results as of 3/2012.

Regional Snapshot 2012 - Greeley and Evans Residential Detached

Statistics refer to the cities of Greeley and Evans defined by using Mail City in the IRES system, single family, detached properties and excludes mobile homes and timeshares . ADOM refers to Average Days on Market, which is calculated from the list dat. To Be Builts & Under Construction are excluded from active results as of 3/2012.

LOVELAND/BERTHOUD RES Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Monthly Active Listing Snapshot 726 753 689 689 716 703 Previous Year Active 855 881 960 966 1004 973 % Difference Previous Yr -15.1% -14.5% -28.2% -28.7% -28.7% -27.7%Monthly # of Sold Listings 81 88 127 149 154 197Monthly Median Sales Price $255,000 $215,000 $215,998 $235,000 $233,200 $240,891 Previous Year Median $240,000 $207,439 $206,025 $212,500 $200,000 $220,000 % Difference Previous Yr 6.3% 3.6% 4.8% 10.6% 16.6% 9.5%Monthly $ Volume $25,705,351 $22,346,999 $33,346,452 $41,242,386 $44,637,030 $54,039,841 Previous Year Monthly $ Volume $20,505,379 $19,061,523 $28,097,403 $37,271,275 $28,931,551 $40,121,192 % Difference Previous Yr 25.4% 17.2% 18.7% 10.7% 54.3% 34.7%YTD # of Listings Sold 81 169 296 445 599 796 Previous Year # Sold 74 153 258 395 521 676 % Difference Previous Yr 9.5% 10.5% 14.7% 12.7% 15.0% 17.8%Monthly Avg Days on Market (ADOM) 168 120 133 121 65 110YTD ADOM 168 143 138 132 101 124 Previous Year ADOM 130 128 126 136 129 127 % Difference Previous Yr 29.2% 11.7% 9.5% -2.9% -21.7% -2.4%YTD $ Volume $25,705,351 $48,052,350 $81,398,802 $122,641,188 $167,278,218 $221,318,059 Previous Year YTD $ Volume $20,505,379 $39,566,902 $67,664,305 $104,935,580 $133,867,131 $173,988,323 % Difference Previous Yr 25.4% 21.4% 20.3% 16.9% 25.0% 27.2%

LOVELAND/BERTHOUD RES (cont'd) Jul-12 Aug-12 Sep-12 Oct-12Monthly Active Listing Snapshot 680 687 643 582 Previous Year Active 938 860 842 807 % Difference Previous Yr -27.5% -20.1% -23.6% -27.9%Monthly # of Sold Listings 167 156 154 160Monthly Median Sales Price $226,000 $219,838 $231,150 $234,450 Previous Year Median $208,958 $223,700 $209,275 $215,000 % Difference Previous Yr 8.2% -1.7% 10.5% 9.0%Monthly $ Volume $46,115,091 $40,907,964 $45,391,641 $44,632,648 Previous Year Monthly $ Volume $34,972,044 $39,203,681 $28,248,798 $29,399,779 % Difference Previous Yr 31.9% 4.3% 60.7% 51.8%YTD # of Listings Sold 963 1119 1273 1433 Previous Year # Sold 810 964 1079 1196 % Difference Previous Yr 18.9% 16.1% 18.0% 19.8%Monthly Avg Days on Market (ADOM) 111 94 79 131YTD ADOM 122 118 90 117 Previous Year ADOM 123 121 122 121 % Difference Previous Yr -0.8% -2.5% -26.2% -3.3%YTD $ Volume $267,433,150 $308,341,114 $353,732,755 $398,365,403 Previous Year YTD $ Volume $208,960,367 $248,164,048 $276,412,846 $305,812,625 % Difference Previous Yr 28.0% 24.2% 28.0% 30.3%

LOVELAND/BERTHOUD ATD DWELL Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Monthly Active Listing Snapshot 68 71 71 76 91 79 Previous Year Active 83 90 114 111 100 88 % Difference Previous Yr -18.1% -21.1% -37.7% -31.5% -9.0% -10.2%Monthly # of Sold Listings 14 15 12 18 25 21Monthly Median Sales Price $139,500 $139,000 $146,250 $168,500 $190,000 $165,000 Previous Year Median $162,500 $175,500 $125,000 $162,000 $144,000 $152,000 % Difference Previous Yr -14.2% -20.8% 17.0% 4.0% 31.9% 8.6%Monthly $ Volume $2,087,387 $2,299,710 $2,052,600 $3,270,650 $4,934,161 $3,441,613 Previous Year Monthly $ Volume $1,892,050 $1,434,000 $1,399,050 $2,769,854 $3,192,750 $3,191,000 % Difference Previous Yr 10.3% 60.4% 46.7% 18.1% 54.5% 7.9%YTD # of Listings Sold 14 29 41 59 84 105 Previous Year # Sold 12 19 28 42 63 83 % Difference Previous Yr 16.7% 52.6% 46.4% 40.5% 33.3% 26.5%Monthly Avg Days on Market (ADOM) 111 128 104 126 118 107YTD ADOM 111 104 100 106 121 105 Previous Year ADOM 117 142 138 127 127 129 % Difference Previous Yr -5.1% -26.8% -27.5% -16.5% -4.7% -18.6%YTD $ Volume $2,087,387 $4,387,097 $6,439,697 $9,710,347 $14,644,508 $18,086,121 Previous Year YTD $ Volume $1,892,050 $3,326,050 $4,725,100 $7,494,954 $10,687,704 $13,878,704 % Difference Previous Yr 10.3% 31.9% 36.3% 29.6% 37.0% 30.3%

LOVELAND/BERTHOUD ATD DWELL (cont'd) Jul-12 Aug-12 Sep-12 Oct-12Monthly Active Listing Snapshot 90 76 74 62 Previous Year Active 70 78 73 79 % Difference Previous Yr 28.6% -2.6% 1.4% -21.5%Monthly # of Sold Listings 18 33 19 29Monthly Median Sales Price $146,000 $149,985 $161,800 $157,156 Previous Year Median $149,000 $143,500 $144,985 $152,080 % Difference Previous Yr -2.0% 4.5% 11.6% 3.3%Monthly $ Volume $2,698,834 $5,338,753 $3,046,947 $5,466,685 Previous Year Monthly $ Volume $3,394,400 $3,166,594 $1,457,313 $1,802,680 % Difference Previous Yr -20.5% 68.6% 109.1% 203.3%YTD # of Listings Sold 123 156 175 204 Previous Year # Sold 106 121 131 143 % Difference Previous Yr 16.0% 28.9% 33.6% 42.7%Monthly Avg Days on Market (ADOM) 92 100 68 113YTD ADOM 103 102 104 101 Previous Year ADOM 128 126 125 124 % Difference Previous Yr -19.5% -19.0% -16.8% -18.5%YTD $ Volume $20,784,955 $26,123,708 $29,170,655 $34,637,340 Previous Year YTD $ Volume $17,273,104 $20,439,698 $21,897,011 $23,699,691 % Difference Previous Yr 20.3% 27.8% 33.2% 46.2%

Regional Snapshot 2012 - Loveland/Berthoud Residential Detached

Statistics refer to the Loveland/Berthoud area (IRES Area 8), single family, detached properties and excludes mobile homes and timeshares. ADOM refers to Average Days on Market, which is calculated from the list date to the "Pending" or "Under Contract". To Be Builts & Under Construction are excluded from active results as of 3/2012.

Regional Snapshot 2012 - Loveland/Berthoud Attached Dwelling

Statistics refer to the Loveland/Berthoud area (IRES Area 8), attached dwelling properties and excludes mobile homes and timeshares. ADOM refers to Average Days on Market, which is calculated from the list date to the "Pending" or "Under Contract" date. To Be Builts & Under Construction are excluded from active results as of 3/2012.