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TRENDGRAPHI X MONTHLY REAL ESTATE REPORTBROUGHT TO YOU BY

Lyon Real Estate3640 American River Drive, Suite 100, Sacramento, CA 95864

F O R I M M E D I A T E R E L E A S E

April 25, 2012

CONTACT: Pat Shea, President(916) 690-0980

Draw your ow n conclusions..

The media continues to report significant declines in foreclosures and notice of default filings

throughout the entire state of California. Existing REO or bank owned inventory continues to

trickle to market with no big waves expected. Fannie Mae, Freddie Mac and leading lending

institutions are said to have pared down their REO agent rosters. Short-Sales are filling the void

as more favorable decision making policies and processes have gained momentum.

Locally, in the 4-county areas that comprise the Greater Sacramento Market, Buyers are

stressed, said Pat Shea, President of Lyon Real Estate. There are multiple offers in all entry

level price points and most move up markets. Inventory and interest rates hover at historic

lows while consumer confidence begins to turn. Agents are currently working with many first

time buyers who feel they have waited long enough, continued Shea. There are also, many

previous home owners entering the market after re-building their credit worthiness after adistress sale. Meanwhile, investors maintain an insatiable demand to purchase entry level

homes, all cash or with large down payments, and lease them at strong market rents.

March, newly opened sales were up double digits year over year in: El Dorado 40%,

Sacramento 36%, Yolo 22 % and Placer 19%. This continues the positive year over year

pattern that began in October. Equally notable, sales above $400,000 increased year over year

as follows: Sacramento 55%, Yolo 52%, and El Dorado 23%. Placer experienced 7% fewer

sales in this price point which is likely an anomaly given their average sales price has moved

north of $300,000.

There are 1.6 months of inventory available in the Greater Sacramento area at the current rateof sales. Appreciation is well underway in the Bay Area and is starting to show signs in our

market. Even in the $400,000 and above price point, we are limited to 4.3 months of inventory.

That number is widely considered to be a Sellers market metric. Do you really think the market

is going to tank further? Please, draw your own conclusions and make your own decisions! Also,

please remember that homes are primarily for friends, families and making memories!

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Core Count ies Combined - Sacrament o, Placer, El Dorado & Yolo

CountyCurrentMonth

PriorMonth

Var %Same MoPrior Year

Var %

All Sales

Closed Sales 2,421 2,157 12% 2,602 -7%

New Contracts 4,110 3,169 30% 3,102 32%Inventory 3,926 4,499 -13% 7,541 -48%

Months of Inventory 1.6 2.1 -22% 2.9 -44%

Avg Sales Price (in Thousands) $226 $213 6% $224 1%

Avg Sales Price Per Sq Ft $121 $116 4% $122 -1%

Short Sales Breakout

Closed Sales 677 684 -1% 607 12%

New Contracts 1,706 1,366 25% 1,086 57%

Inventory 885 1,243 -29% 2,671 -67%

Months of Inventory 1.3 1.8 -28% 4.4 -70%

Avg Sales Price (in Thousands) $205 $206 -1% $228 -10%

Avg Sales Price Per Sq Ft $109 $108 0% $115 -6%

REO Sales Breakout

Closed Sales 697 699 0% 1,128 -38%

New Contracts 916 728 26% 1,088 -16%

Inventory 719 777 -7% 1,484 -52%

Months of Inventory 1.0 1.1 -7% 1.3 -22%

Avg Sales Price (in Thousands) $176 $162 8% $173 2%

Avg Sales Price Per Sq Ft $100 $97 3% $103 -3%

$400K Sales & Over Breakout

Closed Sales 228 166 37% 245 -7%

New Contracts 367 280 31% 295 24%Inventory 1,053 1,004 5% 1,299 -19%

Months of Inventory 4.6 6.0 -24% 5.3 -13%

Avg Sales Price (in Thousands) $575 $550 4% $580 -1%

Avg Sales Price Per Sq Ft $173 $165 5% $176 -2%

Shor t -Sales & REO Sales as Percentage of Total Sales

Curr ent Mont h Prior Month Same Month Last Year

Reg SS REO Reg SS REO Reg SS REO

Closed Sales 43.2% 28.0% 28.8% 35.9% 31.7% 32.4% 33.3% 23.3% 43.4%

New Contracts 36.2% 41.5% 22.3% 33.9% 43.1% 23.0% 29.9% 35.0% 35.1%About Trendgraphix, I nc.Trendgraphix, Inc. is a real estate reporting company based in Sacramento that uses local MLS data to provide highly-visual market statistical graphs to real estate brokers, agents, and MLS/Realtor associations across the USA.Trendgraphix's programs are currently used by tens of thousands of agents in more than 100 brokerages in 18 U.S.states. For more information visit www.TrendGraphix.com or email mcarter@trendgraphix.com