BOB & MICHAEL HORNE S SUN CITY REAL ESTATE REPORT

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1 BOB & MICHAEL HORNE S SUN CITY REAL ESTATE REPORT Sun City Shadow Hills July 1 - December 31, 2016 In 27 states average home prices have surpassed their pre-recession peaks and the national average is only 4% less. In California this is mostly being driven by the large city markets like Los Angles, San Francisco and San Diego. In these markets inventories are tight, demand is strong and prices have exceeded their pre-recession peaks. In our valley we see things improving as well. Compared to the same period last year sales prices across the valley continue to improve. Sun City Shadow Hills improved in sales volume and prices began to rise in the second half of the year. Until two years ago Canadian buyers had been a large part of our market. The unfavorable exchange rate caused almost all of this activity to evaporate contributing to a soft Sales volume in 2016 far outpaced 2015 and the 116 homes for sale as of January 1 st, 2017 is 15% fewer than last year. While this is great news for sellers, there are some concerns as we start Interest rates, which inched up ¼% in December, are forecast to reach 4.6% by years end. There is also legislation pending in California which would no longer allow second home owners to take deductions of mortgage interest on second homes. The second half of 2016 saw year over year improvement in median and average prices in the Valley and Sun City Palm Desert but not in Sun City Shadow Hills. SCPD s improvement was not as strong as the valley average. SCSH improved in sales volume but not in average or median price. Valley Sun City Shadow Hills Sun City Palm Desert Chg Chg Chg # Sales % % Avg Price $412 $ % $345 $ % $347 $ % Med. Price $309 $ % $317 $ % $325 $ % Contributing to the decline in median price was the mix of homes sold. In 2016, a larger portion of sales occured under $400,000 and a smaller portion occurred over $400, <$400,000 73% 70% $400,000 - $600,000 25% 25% $600,000+ 2% 5%

2 The 1st Half, the 2nd Half and All of Sale Volume & Pricing Sun City Shadow Hills sales volume for 2016 was better than 2015 for the entire year, both first half and second half. However, this increase in volume did not translate into higher prices. Jan - Jun 2016 % chg vs July - Dec % chg vs Total Sales % chg vs Sold % % % Avg Price $337, % $344, % $342, % Med Price $303, % $316, % $310, % Pricing Performance - Golf Course vs. Privacy The price per square-foot paid for non-golf course homes in Sun City Shadow Hills and Sun City Palm Desert was relatively flat. Golf course homes, however experienced increases in both communities. Sun City Shadow Hills Sun City Palm Desert % Chg % Chg Golf Course $ $ % $ $ % Privacy $ $ % $ $ % Sun City Shadow Hills - For Sale, Sold, Entering Escrow by Month The summer was particularly strong in Inventory peaked at the end of February with 151 homes for sale. By the end of August there were only 65 homes for sale. The summer months of June, July and August produced 56 escrows. Amazingly, this is only 3 fewer than the 59 escrows that were produced during the peak season of January, February and March.

3 CLOSED SALES: October 1, December 31, 2016 Model Street Name BR BA SF Pool Golf Original Listing Selling $/SF DOM Type Avalino Avenida Colonias 2 2 1,763 Y $389,000 $389,000 $389,000 $ Avalino Camino Los Milagros 2 2 1,763 Y $410,000 $410,000 $393,000 $ Avalino Avenida Pamplona 2 2 1,763 $310,000 $295,000 $280,000 $ Avalino Avenida Altamira 2 2 1,763 $356,700 $299,900 $295,000 $ Avalino Camino Templado 2 2 1,763 $349,500 $319,000 $308,000 $ Avalino Camino Fuerte 2 2 1,763 $339,000 $339,000 $310,000 $ Avalino Calle Cerezo 2 2 1,763 $335,000 $335,000 $321,806 $ Avalino Corte Esperanza 2 2 1,763 $342,000 $334,900 $325,000 $ Avalino Camino Arbusto 2 2 1,763 $349,000 $329,000 $325,000 $ Avalino Camino Los Milagros 2 2 1,763 $339,000 $339,000 $335,000 $ Avalino Camino Cantos 2 2 1,763 Y $345,000 $345,000 $340,000 $ Canterra Calle Pampas 2 2 1,257 $247,500 $239,900 $231,025 $ Canterra Avenida Bolero 2 2 1,257 $243,000 $243,000 $236,000 $ Canterra Avenida Parito 2 2 1,257 $249,000 $249,000 $244,000 $ Canterra Avenida Contento 2 2 1,257 $255,000 $255,000 $247,000 $ Canterra Avenida Bolero 2 2 1,257 $254,900 $249,900 $248,000 $ Canterra Calle Pampas 2 2 1,257 $255,000 $255,000 $248,000 $ Canterra Calle Los Osos 2 2 1,257 $249,000 $249,000 $250,000 $ Canterra Camino Cantos 2 2 1,257 $265,000 $254,000 $250,000 $ Canterra Corte Velado 2 2 1,257 $249,000 $249,000 $252,000 $ Canterra Avenida Tres Lagunas 2 2 1,257 Y $279,000 $279,000 $275,000 $ Castellano Camino Montevideo ,230 Y Y $525,000 $525,000 $525,000 $ Castellano Avenida Altamira ,230 Y $498,000 $495,000 $471,000 $ Connect Camino Cosetita ,397 Y $599,000 $569,000 $555,000 $ Cordoba Calle Pueblo 2 2 1,295 $230,000 $230,000 $223,000 $ Cordoba Avenida Celaya 2 2 1,295 $238,000 $238,000 $238,000 $ Dorado Camino Vallecita ,446 Y Y $599,000 $575,000 $575,000 $ Dorado Avenida Santiago ,446 $469,000 $425,000 $400,000 $ Dorado Avenida Estuco ,446 $469,000 $465,000 $455,000 $ Embark Camino Novena 2 2 1,321 $275,000 $275,000 $255,000 $ Embark Camino Novena 2 2 1,321 $289,900 $289,900 $285,000 $ Gathering Avenida Montura 3 3 2,433 Y Y $639,000 $639,000 $589,000 $ Gathering Avenida Viesca 3 3 2,331 $447,500 $429,900 $400,000 $ Granada Avenida Vidrio 2 2 1,099 $246,500 $246,500 $240,000 $ Haven Avenida Viesca 3? 2,023 Y Y $524,900 $524,900 $500,000 $ Haven Camino Buendia ,023 $475,000 $469,000 $448,900 $ Hideaway Camino Aguacero 2 2 1,512 $295,000 $265,000 $255,000 $ Hideaway Avenida Estuco 2 2 1,512 $315,000 $279,000 $270,000 $ Hideaway Avenida Viesca 2 2 1,512 $279,000 $279,000 $275,000 $ Hideaway Corte Septima 2 2 1,512 $284,500 $284,500 $284,500 $ Hideaway Avenida Estuco 2 2 1,512 $289,000 $289,000 $286,000 $ Hideaway Calle Chopos 2 2 1,512 Y $309,900 $309,900 $295,000 $

4 CLOSED SALES: October 1, December 31, 2016, continued Model Street Name BR BA SF Pool Golf Original Listing Selling $/Sf DOM Type Hospitality Corte Valdemoro 3 2 1,756 Y $469,000 $469,000 $410,000 $ Hospitality Camino Las Hoyes 3 2 1,756 $350,000 $317,000 $301,150 $ Hospitality Avenida Montura 3 2 1,756 $345,000 $345,000 $335,000 $ Inspiration Avenida Viesca 2 2 1,660 $309,000 $309,000 $300,000 $ Inspiration Corte Valdemoro 2 2 1,660 $335,000 $335,000 $335,000 $ La Paz Camino Montevideo ,966 Y Y $739,000 $699,950 $699,950 $ La Paz Calle Estela ,868 $469,900 $469,900 $469,900 $ La Paz Corte Santa Carmela ,200 $632,500 $632,500 $632,500 $ Madera Avenida Lorena 2 2 1,854 Y $439,000 $415,000 $412,500 $ Madera Camino El Destino 2 2 1,854 $315,900 $309,900 $310,000 $ Madera Camino Los Milagros 2 2 1,854 Y $399,000 $399,000 $395,000 $ Mariposa Avenida de Musica 3 2 1,772 $279,900 $275,000 $275,000 $ Montoya Avenida Del Toro 2 2 1,432 $259,000 $259,000 $255,000 $ Montoya Calle Pampas 2 2 1,432 $279,000 $269,900 $265,000 $ Montoya Avenida Bienvenida 2 2 1,432 $289,900 $277,500 $273,000 $ Montoya Avenida Contento 2 2 1,432 Y $339,000 $325,000 $311,500 $ San Benito Avenida Santa Alicia 3 2 2,147 Y $499,000 $490,000 $440,000 $ San Benito Avenida Aliso Cyn 2 2 2,147 $359,500 $310,000 $310,000 $ S San Benito Avenida Santa Marta 2 2 2,147 $329,000 $321,750 $320,000 $ San Benito Avenida Aliso Cyn 2 2 2,147 $365,000 $345,000 $330,000 $ San Benito Avenida Santa Carmen 2 2 2,147 $349,000 $349,000 $335,000 $ San Benito Avenida Santa Eugenia 2 2 2,147 $359,000 $349,000 $342,500 $ San Benito Avenida Santa Carmen 2 2 2,147 $359,900 $359,900 $345,000 $ San Benito Camino Santa Juliana 2 2 2,147 $359,000 $350,000 $345,000 $ San Benito Camino Santa Elise 2 2 2,147 $399,000 $375,000 $350,000 $ San Benito Calle Cancun 2 2 2,147 $369,000 $359,000 $354,000 $ San Benito Camino San Mateo 2 2 2,147 $374,500 $374,500 $367,000 $ San Emilio Camino Santa Elise 3 2 1,823 Y $449,900 $449,900 $430,000 $ San Emilio Avenida San Felipe 2 2 1,823 $300,000 $300,000 $300,000 $ San Emilio Avenida Santa Eugenia 2 2 1,823 $339,000 $339,000 $313,000 $ San Miguel Camino Santa Juliana ,569 $425,000 $419,900 $410,000 $ San Miguel Corte Los Cerritos ,569 Y $489,500 $449,500 $435,000 $ San Miguel Camino Santa Elise ,569 Y $459,500 $459,500 $440,000 $ San Rafael Camino San Lucas ,376 Y Y $459,900 $459,900 $420,000 $ San Rafael Camino San Gregario ,376 Y $479,900 $469,900 $450,000 $ San Rafael Camino San Lucas ,376 Y Y $479,000 $479,000 $460,000 $ San Rafael Camino San Lucas ,376 Y Y $559,000 $519,900 $490,000 $ San Rafael Camino San Mateo ,376 Y Y $595,000 $569,000 $541,000 $ San Rafael Camino San Lucas ,376 $350,000 $350,000 $340,000 $ San Rafael Camino San Lucas ,376 $399,000 $369,000 $364,000 $ San Ramon Avenida Los Padres 2 2 1,374 $228,000 $228,000 $219,000 $ F San Ramon Avenida Camarillo 2 2 1,374 $245,000 $245,000 $235,000 $

5 CLOSED SALES: October 1, December 31, 2016, continued Model Street Name BR BA SF Pool Golf Original Listing Selling $/SF DOM Type San Vincente Avenida Linda Vista 2 2 1,571 $249,000 $239,000 $236,000 $ San Vincente Avenida Linda Vista 2 2 1,571 $249,000 $239,000 $239,000 $ San Vincente Avenida Linda Vista 2 2 1,571 $254,750 $248,800 $243,000 $ San Vincente Via Arbolitos 2 2 1,571 $284,000 $269,900 $262,000 $ San Vincente Calle Santa Cruz 2 2 1,571 $268,900 $268,900 $263,000 $ San Vincente Avenida Santa Belinda 2 2 1,571 $278,000 $278,000 $274,000 $ San Vincente Camino San Mateo 2 2 1,571 Y $343,000 $343,000 $335,000 $ San Ysidro Avenida Linda Vista 2 2 1,463 $250,000 $250,000 $245,000 $ San Ysidro Avenida Camarillo 2 2 1,463 $264,000 $264,000 $262,000 $ San Ysidro Avenida Santa Belinda 2 2 1,463 $273,000 $269,900 $267,000 $ San Ysrido Corte Los Reyes 2 2 1,463 $259,000 $247,900 $240,000 $ Serrente Avenida San Fernando 2 2 1,488 $274,000 $265,000 $230,000 $ Serrente Calle Bosque 2 2 1,488 $260,000 $260,000 $253,000 $ Serrente Avenida Del Toro 2 2 1,488 $269,000 $269,000 $259,000 $ Serrente Avenida Contento 2 2 1,488 $250,000 $250,000 $270,000 $ Serrente Calle Pueblo 2 2 1,488 $273,900 $273,900 $270,000 $ Serrente Avenida Altamira 2 2 1,488 $288,500 $283,500 $275,000 $ Serrente Avenida de Musica 2 2 1,488 $283,700 $283,700 $275,000 $ Serrente Avenida De Baile 2 2 1,488 $299,000 $299,000 $290,000 $ Sorrano Calle Atocha 3 3 2,112 y $519,000 $469,000 $445,000 $ Sorrano Avenida Lorena 3 3 2,112 Y Y $499,000 $499,000 $459,000 $ Sorrano Camino El Triunfo 3 3 2,112 Y Y $549,900 $479,000 $470,000 $ Sorrano Camino Las Hoyes 3 3 2,112 Y Y $539,000 $539,000 $525,000 $ Sorrano Camino Piscina 3 3 2,120 Y Y $529,000 $529,000 $525,000 $ Sorrano Camino Vallecita 3 3 2,112 $425,000 $365,000 $365,000 $ Sorrano Corte Pelicano 3 3 2,112 Y $450,000 $399,000 $389,000 $ Terraza Calle Estela ,610 $469,000 $469,000 $440,000 $ Valencia Camino Piscina 2 2 1,652 Y Y $449,500 $429,000 $412,000 $

6 Coldwell Banker & The Horne Team The Power of a Leading U.S. and International Brokerage & the Focus of Your Neighborhood Specialist The Horne Team #1 Coldwell Banker Desert Region #2 Coldwell Banker Desert & O.C #19 Coldwell Banker Southern Cal #1 Coldwell Banker Rentals all U.S. 150 Sale Transactions 3 Sales in SCSH - January 2017 Coldwell Banker #1 Broker Southern California #1 Recognized Brand #1 Most Ethical Real Estate Company #1 Internet Traffic For Real Estate 110 Year old Company 31 Sales in SCSH LIC.# If your home is currently listed for sale, this is not a solicitation for your listing. If your home is not currently listed and you are considering selling. Please call us. It would be an honor to present our services to you. LIC.#