The March 2010 Client Research Presentation

1. THE SILVER FERN REPORT: Boulder An analysis of real estate market conditions in Boulder, Colorado

2. Real Estate Advisers Boulder, Colorado Phone: 303 586 1241 www.silverfernhomes.com Make a Smarter Real Estate Decision

7. Notable Sales LUXURY 875 Dellwood Key Statistics: 4 Bed, 5 Bath 4,897 SQFT Sold: 2/26/10 Days to Offer: 685 Sold: $1,600,000 Discount: 5.8% Originally asking $2.3MM, this stunning custom home with high-end everything sat on the market for two full years before selling. ENTRY LEVEL 30 S. 32 nd Street Key Statistics: 3 Bed, 1 Bath 1,040 SQFT Sold: 3/12/10 Days to Offer: 6 Sold: $365,500 Discount: 2.5% Showing resilience in the winds of overall market weakness, the entry level has not dropped in price and desirable properties continue to sell quickly. MID RANGE 210 Mohawk Drive Key Statistics: 4 Bed, 2 Bath 1,976 SQFT Sold: 2/19/10 Days to Offer: 4 Sold: $525,000 Discount: 1.9% Featuring an amenity rich yet reasonable HOA, homes in Navajo Court are rarely available. Despite a dated interior, this one literally flew off the market.

15. Addendum: Recently Sold Houses Note: may include older property not listed in the previous Silver fern Report

16. Addendum: Recently Sold Attached Dwellings Note: may include older property not listed in the previous Silver fern Report