QUARTERLY MARKET REPORT

3rd QTR 2016

SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.

• The average sale price of single-family detached homes in 3rd Quarter 2016 was $228,271, a 3.32% increase from 3rd Quarter 2015.

• Single-family detached home sales increased 6.34% from 3rd Quarter 2015 to 3,069.

CONTACT

Jon Schnoor 2016 GAAR President

Phone: 505-385-2154

Email: president@gaar.com

QUARTERLY HIGHLIGHTS

3rd QTR 2016

3rd QTR 2015

Detached 4,396 4,354

Attached 427 417

3rd QTR 2016

3rd QTR 2015

Detached 3,069 2,886

Attached 252 291

3rd QTR 2016

3rd QTR 2015

Detached $228,271 $220,928

Attached $148,121 $144,714

% Change (Detached)

+0.96%

New Listings Closed Sales Average Sale Price

% Change (Detached)

+6.34%% Change (Detached)

+3.32%

SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 2

$218,831 $220,928

$228,271

$180,000$185,000$190,000$195,000$200,000$205,000$210,000$215,000$220,000$225,000$230,000

3rd QTR 2014 3rd QTR 2015 3rd QTR 2016

Recap for Greater Albuquerque Area

Class R1 (Existing Single-Family Detached)

Average Sale Price for Single-Family Detached Homes

Class R2 (Existing Condo/Townhome Attached)

Class R2 2016 2015 % of Change

Average Sale Price: $148,121 $144,714 2.35%

Median Sale Price: $139,125 $139,950 -0.59%

Total Sold & Closed: 252 291 -13.40%

Total Dollar Volume*: $37.3 $42.1 -11.42%

New Listings: 427 417 2.40%

Days on Market: 46 64 -28.13%

Class R1 2016 2015 % of Change

Average Sale Price: $228,271 $220,928 3.32%

Median Sale Price: $192,000 $185,000 3.78%

Total Sold & Closed: 3,069 2,886 6.34%

Total Dollar Volume*: $700.6 $637.6 9.88%

New Listings: 4,396 4,354 0.96%

Days on Market: 48 58 -17.24%

SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 3

Recap for Albuquerque & Rio Rancho

Albuquerque (Areas 10 - 121) Rio Rancho (Areas 140 - 162)

Class R2 2016 2015 % of Change

Average Sale Price: $150,373 $151,000 -0.42%

Median Sale Price: $139,500 $146,500 -4.78%

Total Sold & Closed: 223 244 -8.61%

Total Dollar Volume*: $33.5 $36.8 -9.08%

New Listings: 380 362 4.97%

Days on Market: 44 54 -18.52%

Class R1 2016 2015 % of Change

Average Sale Price: $233,548 $225,506 3.57%

Median Sale Price: $198,250 $187,000 6.02%

Total Sold & Closed: 2,056 1,968 4.47%

Total Dollar Volume*: $480.2 $443.8 8.20%

New Listings: 2,930 2,932 -0.07%

Days on Market: 46 49 -6.12%

Class R1 2016 2015 % of Change

Average Sale Price: $200,817 $187,479 7.11%

Median Sale Price: $175,000 $168,500 3.86%

Total Sold & Closed: 606 503 20.48%

Total Dollar Volume*: $121.7 $94.3 29.05%

New Listings: 804 719 11.82%

Days on Market: 38 62 -38.71%

Class R2 2016 2015 % of Change

Average Sale Price: $143,211 $107,827 32.82%

Median Sale Price: $152,500 $80,000 90.63%

Total Sold & Closed: 19 32 -40.63%

Total Dollar Volume*: $2.7 $3.5 -21.74%

New Listings: 21 35 -40.00%

Days on Market: 48 97 -50.52%

SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 4

Recap for East Mountains & Valencia County

East Mountains (Areas 210 - 293) Valencia (Areas 690 - 760)

Class R1 2016 2015 % of Change

Average Sale Price: $249,332 $245,341 1.63%

Median Sale Price: $214,000 $228,000 -6.14%

Total Sold & Closed: 129 159 -18.87%

Total Dollar Volume*: $32.1 $39.0 -17.71%

New Listings: 239 230 3.91%

Days on Market: 69 102 -32.35%

Class R1 2016 2015 % of Change

Average Sale Price: $167,649 $160,661 4.35%

Median Sale Price: $157,500 $129,007 22.09%

Total Sold & Closed: 181 163 11.04%

Total Dollar Volume*: $30.3 $26.2 15.71%

New Listings: 253 303 -16.50%

Days on Market: 80 87 -8.05%

SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.

Page 5

SalesChange

from 3rd QTR 2015

Average Sale Price

Change from 3rd

QTR 2015

Median Sale Price

Change from 3rd

QTR 2015

10 Sandia Heights 19 -20.83% $500,262 22.28% $372,500 -6.64%

20 North Albuq. Acres 32 3.23% $585,135 1.84% $555,000 -5.93%

21 Albuq. Acres West 63 16.67% $356,638 -7.31% $330,000 -7.50%

30 Far NE Heights 147 8.09% $306,396 6.68% $284,000 6.79%

31 Foothills North 37 2.78% $544,176 -1.54% $540,000 22.73%

32 Academy West 57 -5.00% $225,072 -2.58% $215,000 3.14%

40 UNM 66 0.00% $294,753 7.35% $275,000 4.51%

41 Uptown 114 31.03% $175,802 -1.16% $162,000 -4.65%

42 UNM South 63 16.67% $227,522 0.29% $205,000 0.24%

50 NE Heights 213 0.00% $171,496 1.95% $165,000 1.23%

51 Foothills South 64 28.00% $330,049 4.68% $311,000 4.54%

60 Four Hills 30 20.00% $313,227 -6.82% $332,500 4.56%

70 Fairgrounds 41 17.14% $157,401 10.67% $150,500 10.26%

71 Southeast Heights 56 36.59% $184,703 -3.35% $182,500 -5.19%

72 Mesa Del Sol 3 -40.00% $290,151 15.76% $299,900 33.29%

80 Downtown 38 2.70% $208,883 -0.89% $191,000 5.12%

90 Near South Valley 31 -20.51% $110,650 -3.62% $114,300 -5.12%

91 Valley Farms 29 38.10% $187,669 13.95% $160,000 10.34%

92 Southwest Heights 196 -9.68% $133,318 9.00% $134,900 8.01%

93 Pajarito 5 -16.67% $202,600 29.94% $158,000 -1.56%

100 North Valley 65 -4.41% $335,969 11.78% $273,000 7.69%

101 Near North Valley 69 -1.43% $232,289 -6.30% $170,000 -19.05%

102 Far North Valley 4 -42.86% $315,125 41.31% $333,500 33.40%

103 West River Valley 8 -52.94% $332,425 -20.61% $327,500 2.99%

110 Northwest Heights 201 12.92% $243,674 5.08% $220,000 4.76%

111 Ladera Heights 118 -6.35% $165,824 8.05% $156,250 1.13%

112 Canoncito 0 N/A $0 N/A $0 N/A

120 Paradise West 162 0.00% $193,267 6.04% $184,500 6.49%

121 Paradise East 125 21.36% $218,670 -1.38% $207,900 1.41%

130 Corrales 39 11.43% $437,013 -1.14% $395,000 -3.64%

140 Rio Rancho South 84 15.07% $247,433 10.90% $238,250 11.91%

141 Rio Rancho Southwest 3 200.00% $100,350 52.05% $100,050 51.59%

150 Rio Rancho Mid 196 1.03% $198,901 12.45% $168,750 3.53%

151 Rio Rancho Mid-North 94 54.10% $225,767 -2.92% $195,000 -2.50%

152 Rio Rancho Mid-West 21 -32.26% $134,757 -12.40% $140,000 -12.45%

160 Rio Rancho North 82 46.43% $226,926 3.45% $195,000 -8.08%

161 Rio Rancho Central 126 44.83% $150,519 5.65% $150,000 7.53%

162 Rio Rancho Northwest 0 N/A $0 N/A $0 N/A

170 Bernalillo/Algodones 26 -18.75% $247,349 -15.26% $247,000 -9.02%

180 Placitas 32 23.08% $397,216 8.26% $389,000 2.04%

210-293 East Mountain Area 129 -18.87% $249,332 1.63% $214,000 -6.14%

690-760 Valencia County 181 11.04% $167,649 4.35% $157,500 22.09%

Area Summary for Single-Family Home Sales

701 Sales: 26 Avg: $171,800 Med: $169,900

690 Sales: 1 Avg: $170,000 Med: $170,000

700 Sales: 51 Avg: $172,941 Med:$165,900

720 Sales: 3 Avg: $45,167 Med: $37,000

740 Sales: 10 Avg: $147,760 Med: $158,750

711 Sales: 17 Avg: $211,379 Med: $215,500

710 Sales: 12 Avg: $259,608 Med:$273,950

730 Sales: 3 Avg: $230,602 Med: $216,156

750 Sales: 4 Avg: $194,736 Med: $157,472

721 Sales: 20 Avg: $121,153 Med: $118,950

742 Sales: 2 Avg: $123,346 Med: $123,346

760 Sales: 15 Avg: $147,068 Med: $143,000

741 Sales: 17 Avg: $130,547 Med: $79,000

2016 3Q Sales

162 Sales: 0 Avg: N/A Med: N/A

161 Sales: 126 Avg: $150,519 Med: $150,000

160 Sales: 82 Avg: $226,926 Med: $195,000

170 Sales: 26 Avg: $247,394 Med: $247,000

180 Sales: 32 Avg: $397,216 Med: $389,000

151 Sales: 94

Avg: $225,767 Med: $195,000 152

Sales: 21 Avg: $134,757 Med: $140,000

150 Sales: 196

Avg: $198,901 Med: $168,750

141 Sales: 3

Avg: $100,350 Med: $100,050

140 Sales: 84

Avg: $247,433 Med:$238,250

2016 3Q Sales

271 Sales: 1 Avg: $396,000 Med: $396,000

293 Sales: 2 Avg: $42,500 Med: $42,500

230 Sales: 16 Avg: $198,800 Med:$186,700

220 Sales: 29 Avg: $300,569 Med:$275,000

210 Sales: 1 Avg: $175,000 Med: $175,000 291

Sales: 6 Avg: $146,370 Med: $150,861

290 Sales: 2 Avg: $135,000 Med: $135,000

250 Sales: 23 Avg: $259,602 Med: $250,000

240 Sales: 22 Avg: $320,766 Med: $254,500

292 Sales: 2 Avg: $215,000 Med: $215,000

231 Sales: 1 Avg: $522,000 Med: $522,000

260 Sales: 7 Avg: $196,714 Med:$185,000

280 Sales: 2

Avg: $293,500 Med: $293,500

270 Sales: 15

Avg: $167,910 Med: $167,199

2016 3Q Sales

51 Sales: 64 Avg: $330,049 Med: $311,000

71 Sales: 56 Avg: $184,703 Med: $182,500

50 Sales: 213 Avg: $171,496 Med: $165,000

70 Sales: 41 Avg: $157,401 Med: $150,500

40 Sales: 66 Avg: $294,753 Med: $275,000

41 Sales: 114 Avg: $175,802 Med: $162,000

32 Sales: 57 Avg: $225,072 Med: $215,000

31 Sales: 37 Avg: $544,176 Med: $540,000

10 Sales: 19 Avg: $500,262 Med: $372,500

93 Sales: 5 Avg: $202,600 Med: $158,000

91 Sales: 29 Avg: $187,669 Med: $114,300

92 Sales: 196 Avg: $133,318 Med: $134,900

90 Sales: 31 Avg: $110,650 Med: $114,300

80 Sales: 38 Avg: $208,883 Med: $191,000

60 Sales: 30 Avg: $313,227 Med: $332,500

103 Sales: 8 Avg: $332,425 Med: $327,500

101 Sales: 69 Avg: $232,289 Med: $170,000

111 Sales: 118 Avg: $165,824 Med: $156,250

130 Sales: 39 Avg: $437,013 Med:$395,000

30 Sales: 147 Avg: $306,396 Med:$284,000

21 Sales: 63 Avg: $356,638 Med: $330,000

20 Sales: 32 Avg: $585,135 Med: $555,000 100

Sales: 65 Avg: $335,969 Med: $273,000

102 Sales: 4 Avg: $315,125 Med: $333,500

121 Sales: 125 Avg: $218,670 Med: $207,900

120 Sales: 162 Avg: $193,267 Med: $184,500

42 Sales: 63 Avg: $227,522 Med:$205,000

110 Sales: 201 Avg: $243,674 Med: $220,000

112 Sales: 0 Avg: N/A Med: N/A

2016 3Q Sales

72 Sales: 3 Avg: $290,151 Med: $299,900