3 rd QTR Jon Schnoor 2016 GAAR President QUARTERLY MARKET REPORT CONTACT QUARTERLY HIGHLIGHTS. New Listings Closed Sales Average Sale Price

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1 QUARTERLY MARKET REPORT 3 rd QTR 2016 New Listings Closed Sales Average Sale Price Detached 4,396 4,354 Detached 3,069 2,886 Detached $228,271 $220,928 Attached Attached Attached $148,121 $144,714 % Change (Detached) +0.96% % Change (Detached) +6.34% % Change (Detached) +3.32% QUARTERLY HIGHLIGHTS The average sale price of single-family detached homes in 3rd Quarter 2016 was $228,271, a 3.32% increase from 3rd Quarter Single-family detached home sales increased 6.34% from 3rd Quarter 2015 to 3,069. CONTACT Jon Schnoor 2016 GAAR President Phone: president@gaar.com SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.

2 Recap for Greater Albuquerque Area Class R1 (Existing Single-Family Detached) Class R2 (Existing Condo/Townhome Attached) Average Sale Price: $228,271 $220, % Median Sale Price: $192,000 $185, % Total Sold & Closed: 3,069 2, % Total Dollar Volume*: $700.6 $ % New Listings: 4,396 4, % Days on Market: % Class R % of Change Average Sale Price: $148,121 $144, % Median Sale Price: $139,125 $139, % Total Sold & Closed: % Total Dollar Volume*: $37.3 $ % New Listings: % Days on Market: % Average Sale Price for Single-Family Detached Homes $230,000 $225,000 $220,000 $215,000 $210,000 $205,000 $200,000 $195,000 $190,000 $185,000 $180,000 $228,271 $220,928 $218, SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 2

3 Recap for Albuquerque & Rio Rancho Albuquerque (Areas ) Rio Rancho (Areas ) Average Sale Price: $233,548 $225, % Median Sale Price: $198,250 $187, % Total Sold & Closed: 2,056 1, % Total Dollar Volume*: $480.2 $ % New Listings: 2,930 2, % Days on Market: % Average Sale Price: $200,817 $187, % Median Sale Price: $175,000 $168, % Total Sold & Closed: % Total Dollar Volume*: $121.7 $ % New Listings: % Days on Market: % Class R % of Change Average Sale Price: $150,373 $151, % Median Sale Price: $139,500 $146, % Total Sold & Closed: % Total Dollar Volume*: $33.5 $ % New Listings: % Days on Market: % Class R % of Change Average Sale Price: $143,211 $107, % Median Sale Price: $152,500 $80, % Total Sold & Closed: % Total Dollar Volume*: $2.7 $ % New Listings: % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 3

4 Recap for East Mountains & Valencia County East Mountains (Areas ) Valencia (Areas ) Average Sale Price: $249,332 $245, % Median Sale Price: $214,000 $228, % Total Sold & Closed: % Total Dollar Volume*: $32.1 $ % New Listings: % Days on Market: % Average Sale Price: $167,649 $160, % Median Sale Price: $157,500 $129, % Total Sold & Closed: % Total Dollar Volume*: $30.3 $ % New Listings: % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 4

5 Area Summary for Single-Family Home Sales SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Sales Change from 3rd QTR 2015 Average Sale Price Change from 3rd QTR 2015 Median Sale Price Change from 3rd QTR Sandia Heights % $500, % $372, % 20 North Albuq. Acres % $585, % $555, % 21 Albuq. Acres West % $356, % $330, % 30 Far NE Heights % $306, % $284, % 31 Foothills North % $544, % $540, % 32 Academy West % $225, % $215, % 40 UNM % $294, % $275, % 41 Uptown % $175, % $162, % 42 UNM South % $227, % $205, % 50 NE Heights % $171, % $165, % 51 Foothills South % $330, % $311, % 60 Four Hills % $313, % $332, % 70 Fairgrounds % $157, % $150, % 71 Southeast Heights % $184, % $182, % 72 Mesa Del Sol % $290, % $299, % 80 Downtown % $208, % $191, % 90 Near South Valley % $110, % $114, % 91 Valley Farms % $187, % $160, % 92 Southwest Heights % $133, % $134, % 93 Pajarito % $202, % $158, % 100 North Valley % $335, % $273, % 101 Near North Valley % $232, % $170, % 102 Far North Valley % $315, % $333, % 103 West River Valley % $332, % $327, % 110 Northwest Heights % $243, % $220, % 111 Ladera Heights % $165, % $156, % 112 Canoncito 0 N/A $0 N/A $0 N/A 120 Paradise West % $193, % $184, % 121 Paradise East % $218, % $207, % 130 Corrales % $437, % $395, % 140 Rio Rancho South % $247, % $238, % 141 Rio Rancho Southwest % $100, % $100, % 150 Rio Rancho Mid % $198, % $168, % 151 Rio Rancho Mid-North % $225, % $195, % 152 Rio Rancho Mid-West % $134, % $140, % 160 Rio Rancho North % $226, % $195, % 161 Rio Rancho Central % $150, % $150, % 162 Rio Rancho Northwest 0 N/A $0 N/A $0 N/A 170 Bernalillo/Algodones % $247, % $247, % 180 Placitas % $397, % $389, % East Mountain Area % $249, % $214, % Valencia County % $167, % $157, % Page 5

6 2016 3Q Sales 700 Sales: 51 Avg: $172,941 Med:$165, Sales: 12 Avg: $259,608 Med:$273, Sales: 1 Avg: $170,000 Med: $170, Sales: 26 Avg: $171,800 Med: $169, Sales: 10 Avg: $147,760 Med: $158, Sales: 17 Avg: $211,379 Med: $215, Sales: 20 Avg: $121,153 Med: $118, Sales: 3 Avg: $45,167 Med: $37, Sales: 3 Avg: $230,602 Med: $216, Sales: 17 Avg: $130,547 Med: $79, Sales: 4 Avg: $194,736 Med: $157, Sales: 2 Avg: $123,346 Med: $123, Sales: 15 Avg: $147,068 Med: $143,000

7 2016 3Q Sales 162 Sales: 0 Avg: N/A Med: N/A 152 Sales: 21 Avg: $134,757 Med: $140, Sales: 126 Avg: $150,519 Med: $150, Sales: 82 Avg: $226,926 Med: $195, Sales: 94 Avg: $225,767 Med: $195, Sales: 196 Avg: $198,901 Med: $168, Sales: 26 Avg: $247,394 Med: $247, Sales: 32 Avg: $397,216 Med: $389, Sales: 3 Avg: $100,350 Med: $100, Sales: 84 Avg: $247,433 Med:$238,250

8 2016 3Q Sales 210 Sales: 1 Avg: $175, Sales: 29 Avg: $300,569 Med:$275, Sales: 22 Avg: $320,766 Med: $254, Sales: 16 Avg: $198,800 Med:$186, Sales: 23 Avg: $259,602 Med: $250, Sales: 7 Avg: $196,714 Med:$185, Sales: 15 Avg: $167,910 Med: $167, Sales: 2 Avg: $293,500 Med: $293, Sales: 1 Avg: $396,000 Med: $396, Sales: 2 Avg: $135,000 Med: $135,000 Med: $175, Sales: 6 Avg: $146,370 Med: $150, Sales: 1 Avg: $522,000 Med: $522, Sales: 2 Avg: $215,000 Med: $215, Sales: 2 Avg: $42,500 Med: $42,500

9 2016 3Q Sales 120 Sales: 162 Avg: $193,267 Med: $184, Sales: 201 Avg: $243,674 Med: $220, Sales: 118 Avg: $165,824 Med: $156, Sales: 125 Avg: $218,670 Med: $207, Sales: 8 Avg: $332,425 Med: $327, Sales: 38 Avg: $208,883 Med: $191, Sales: 39 Avg: $437,013 Med:$395, Sales: 69 Avg: $232,289 Med: $170, Sales: 4 Avg: $315,125 Med: $333, Sales: 65 Avg: $335,969 Med: $273, Sales: 66 Avg: $294,753 Med: $275, Sales: 63 Avg: $356,638 Med: $330, Sales: 57 Avg: $225,072 Med: $215, Sales: 114 Avg: $175,802 Med: $162, Sales: 41 Avg: $157,401 Med: $150, Sales: 32 Avg: $585,135 Med: $555, Sales: 147 Avg: $306,396 Med:$284, Sales: 213 Avg: $171,496 Med: $165, Sales: 19 Avg: $500,262 Med: $372, Sales: 37 Avg: $544,176 Med: $540, Sales: 64 Avg: $330,049 Med: $311, Sales: 196 Avg: $133,318 Med: $134, Sales: 31 Avg: $110,650 Med: $114, Sales: 63 Avg: $227,522 Med:$205, Sales: 56 Avg: $184,703 Med: $182, Sales: 30 Avg: $313,227 Med: $332, Sales: 3 Avg: $290,151 Med: $299, Sales: 5 Avg: $202,600 Med: $158, Sales: 29 Avg: $187,669 Med: $114, Sales: 0 Avg: N/A Med: N/A