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Attachment 4 <br />• <br />ORAI~IGE COUl~TTY SALES <br />(does not include vacant land sales) <br />2010 (January through October <br /> <br />Total number of sales - 796 <br />Includes: condos, townhouses, detached, modular, manufactured homes <br />Omitted: foreclosures, relocations, land trust, multiples, short sales, bank/lender owned, FSBO <br />(for sale by owner), unqualified (conditions of sale were skewed). <br />Financial concessions were considered. "Entry Only" sales were considered however these sales <br />are typically slightly lower because less commission to listing broker is paid. <br />NOTE: there were tax incentives in place for properties under contract by Apri12010 and <br />closed by June 30, 2010. <br />According to Triangle Multiple Listings Service (TMLS) <br /> 2009': 2010. ~ °~° Change from <br />009 to 2010 <br />New Listin s 1886 2179 +15.5 <br />Closed Sales 870 916 +5.3 <br />Median Sale Price* 260,000 280,000 +7.7 <br />Avera a Sale Price* 322,373 335,527 +4.1 <br />Percent of Original List <br />rice received at sale 96.6% 96.2% +0.4 <br />Average Day on Market <br />until Sale 92 107 +15.5 <br />*Does not account for seller concessions. Additionally, the Median Sale Price and Average <br />Sale Price indicate that 2010 sales were of higher priced homes over that of 2009. <br />Total number of sales (7961 <br />January - 39 <br />February - 45 <br />March - 67 <br />April - 102 <br />May- 112 <br />June - 164 <br />July - 95 <br />August - 81 <br />September - 56 <br />October - 35 <br />6 <br />Overall AppraisaUSale Ratio = 1.001271 (a ratio of 1.00 would indicate that the appraised values <br />• and the sales amounts are equal) <br />