Gale Ranch Sales Activity for all Town Homes Communities Year Ended 2011

There are five town home communities in Gale Ranch for resale homes and one - Astoria new homes. The sales overview are for the resale communities. There were 2 more closed sales in 2011 versus 2010 and overall average prices were down six percent.

Below is a summary of each town home community in Gale Ranch

Gale Ranch Town Home 2011 versus 2010 Average Sales Price by Neighborhood

There were fewer distressed sales (short sales and REOs) in 2011 than 2010:

• 2010 Distressed sales = 18
• 2011 Distressed sales = 11

The decrease in sales prices can be attributed to the impact of the distressed sales, especially on town homes and condos which have lost the most appreciation of all properties. We may see a further decrease again in 2012. There are currently 6 homes for sale, 5 are short sales and of the 9 pending sales - all 9 are short sales.

Please be advised the above charts and numbers are averages only. In order to determine the market value of any property an individual custom market analysis is required.

If you are thinking about selling your Gale Ranch Town Home, please call us for your custom market analysis at 925-415-3046.