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11 <br /> ANNANDALE AT CREEK WOOD <br /> ESTIMATED BUILD-OUT SCHEDULE <br /> a. Number of years to build-out: Three (2013,2014, 2015) <br /> b. Number of houses to be built during each year until build-out: <br /> 2013-3 <br /> 2014—5 <br /> 2015-3 <br /> c. Average price of houses including lots for each year to build-out: <br /> 2013-$750,000 <br /> 2014-$800,000 <br /> 2015-$850,000 <br />