January, Dear Indian Ridge Resident:

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1 January, 2016 Dear Indian Ridge Resident: Another year is over and we are now into an election year. Which party will win the presidential election? What will be happening in the stock market? Where should we put our money? Is this the right time to buy? Why hasn t my home sold? There are so many varying opinions, it is difficult to determine how the real estate market will react in 2016 as a result of all these concerns. Some experts say we don t have enough inventory. Some say the new TRID lending regulations are causing delays. Home values have appreciated over the past few years resulting in buyer affordability dropping significantly. While sales have slowed down, prices in many areas have continued to appreciate and the market remains on a slow but steady pace to recovery. This is actually what we considered normal before the big bubble in the real estate market from 2004 to Nationally, home prices are about 12% below the all time at the peak of the market in 2006, plus we are up 30% from the lowest period in the real estate market in In some areas home prices are at or above the pre-recession peak while other areas still have a ways to go in recovering the peak values of It is estimated that home values will increase 5% in According to Market Watch, this neutral to slow growing real estate market, in order to recover at a faster pace requires a wage growth from the current 2% to 3.5% and an inflation moving off zero towards 2% plus lending programs making it easier for consumers to get a loan. California home sales were off 1.6% in November from the previous year and down 8.4% from October showing a big decline from October to November. This is the first time in eight months where total sales have fallen below 400,000 which could be a result of the 6.8% increase in home values or a delay in closings due to the new lending regulations that went into effect October 3rd. The average selling price for a home in California this year was $235,000 up from $230,000 in Inventory of homes on the market vary depending upon the location of the home within the state. The bay area remains a strong seller s market with an average price per square foot of $795. The average list to sales price for the state is 98.1% up from 97.4% a year ago. The desert real estate market overall was down 30% in sales between October 1, 2014 and September 30, Homes selling under $500,000 represented 81% of the market. Homes between $500,000 and $749,999 were 10%; homes between $750,000 and One Million represented 4% of the market and homes over One Million were 5% of the market. The average sales price for this time period dropped 3.9% from the preceding year. The City of Palm Desert (zip codes 92260, and 92211) experienced a 3.9% appreciation in Palm Desert s all time average sales price was $543,000 in The average price for the time period October 1, 2014 to September 30, 2015 was $355,635. The list to sales price was 92.9% well below the state average. In Palm Desert East (92211) from 10/1/14 to 9/30/15, a total of 778 homes sold with 105 selling between $500,000 and $749,999; twenty-seven homes sold between $750,000 and One Million with no homes selling for over One Million. So the majority of homes selling (646) were homes under $500,000 which is 83% of the total sales for this area. Indian Ridge represented only 7.7% of the total sales in this area due to the higher price point of the homes for sale. This year will be fairly competitive. Price or upgrades will matter this year for those homes on the market. A review of the nineteen country clubs I track, show that ten experienced a drop in the average sales price from The golf course communities showing the biggest decline in sales were the Lakes, the Springs, the Reserve and the Tradition. Those communities with highest number of sales in 2015 were Indian Wells CC, Morningside, Andalusia and the Hideaway. Mountain View and Mission Hills sold the same number of homes. The luxury market of homes selling for over One Million remains unchanged from Since the third quarter of 2015, we have seen seen an increase of 70% more homes over One Million come on the market for a total of 762 million dollar plus homes currently on the market. Indian Ridge experienced a 19% drop in sales in 2015 from the preceding year. Based on the higher demand for homes under $500,000, this drop is more likely due to the lower demand for homes over $500,000. Approximately 22% of the sales in the zip code were in Palm Valley, The Lakes and Indian Ridge. Sun City represented 42% of the homes sold with less than 10% of their homes selling over $500,000.

2 The average price per square foot in Indian Ridge for homes in both the PUD and the HOA have been fairly consistent over the past two years. The average price for a home in the HOA was $628,897, off 4.5% with an average days on market of 177. In the PUD, the average sales price was $904,083, off 15% with an average days on market of 127. This decline is a result of more homes selling over $2 million in 2014 than in As of January 7th, 88 homes were on the market. Of these homes, 48 are in the PUD and 40 are in the HOA. Asking prices range from $355,000 to $2,295,000. I estimate about 95 to 100 homes to be on the market by the end of this month. If your home is on the market or you are considering selling be sure to clean it up. Clean and straighten all the closets and cabinets and get rid of the clutter. The neater your home and the less cluttered, the greater chance in getting your home sold. This extra effort is better than a large price reduction. If your home has been recently upgraded, it will make it more marketable and at a higher sales price than homes that have not been upgraded for a number of years. The primary reason the higher number of homes on the market this year is some residents and members have reached the age where they are moving near their children, moving into assisted living communities or back to their primary residences where thy have connections to their medical professionals. We are also experiencing some of our Canadian residents selling as well. Recent sales have become more complex as many of the homes are not appraising and buyers aren t willing to pay more and sellers won t sell for less. The reason for this growing problem is appraisers are required to use the tax records for their appraisals, not the Multiple Listing Service. Many buyers who purchase a home are taking a large percentage off the purchase price as value for furnishings in order to reduce their real estate taxes. In some cases it can affect the sale price up to $150,000 to $200,000 for homes selling over one million. This in turn lowers the appraised value of the homes on the market. This can also artificially lower the market appreciation. We do anticipate an active but competitive year in the desert. As I stated earlier, it will either be price driven or upgrade driven depending upon the buyer. Fewer buyers want to remodel or upgrade so it will be price competitive for these properties. However, with the increase in home values, it is still a good time for sellers but still remains a good investment for buyers. Prior to taking over the Indian Ridge On-Site Sales office, I had 50% of the market share for homes sold from October 1, 2014 to September 30, 2015 in Indian Ridge. Since taking over the office on October 15th, the increased number of buyer calls, walk-ins and referrals have been outstanding and provides the best exposure for the homes listed with us. My team is readily assessable. We market and advertise our listings on a consistent basis and have many websites drawing attention to our listings. The old adage of give the job to someone who is busy and getting the job done is extremely true. I have a team of 8 highly qualified professionals who dedicate themselves to getting homes sold and finding homes that meet the needs and wants of the buyers. Over the past 13 years, I have been at the top of the industry and have been the top agent for Bennion Deville for the past 12 years. I remain the top selling agent in Indian Ridge since my first sale in Indian Ridge in This past year, we have sold over $54,000,000 in home sales - done in a market that experienced fewer sales in a slow growing market. These results happen when you have a team of professionals who are readily available to show homes and have the ability to get homes into escrow. Being the On-Site Real Estate Sales team, with the good partnership and team work with the club, we can be very instrumental in helping to introduce prospective members to the club and getting memberships sold. Stephanie Besant has joined my team and has 14 year of experience. On January 19th, Allison Renz will be joining the team. Both are extremely professional and talented and will provide the best service possible to our clients. The addition of these two professionals will give us even more time to service our clients. You are welcome to stop by the Indian Ridge On-Site Sales office. If you would like a free market analysis of your home we are happy to meet with you. We encourage calling to schedule for an appointment so we can give you the time you need. Sincerely, Diane R. Williams Indian Ridge On-Site Sales Office and Luxury Homes and Estates Division CalBRE # If your home is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker s listings.

3 Indian Ridge Country Club Quarterly Home Sales Activity Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM 1st Quarter 49 $ 30,096, $ 32,249, $ 25,619, $ 16,523, $ 17,570,000 7 $ 4,860,900 HOA 26 $ 13,074, $ 11,152,900 $ $ 8,997,500 $ $ 4,885,000 $ $ 4,021,000 $ $ 3,405,900 $ PUD 23 $ 17,022, $ 21,096,900 $ $ 16,621,500 $ $ 11,638,900 $ $ 13,549,000 $ $ 1,455,000 $ nd Quarter 66 $ 49,879, $ 54,965, $ 23,294, $ 19,177, $16,984,000 7 $6,202,000 HOA 32 $ 18,341, $ 14,755,352 $ $ 8,717,500 $ $ 10,622,000 $ $ 6,190,000 $ $ 3,667,000 $ PUD 34 $ 31,538, $ 40,210,000 $ $ 14,576,500 $ $ 8,555,000 $ $ 10,714,000 $ $ 2,535,000 $ rd Quarter 21 $ 17,454, $ 22,468, $ 7,548, $ 16,237,000 5 $6,195,000 7 $6,985,000 HOA 11 $ 7,402, $ 10,049,000 $ $ 3,841,125 $ $ 9,727,000 $ $ 1,510,000 $ $ 925,000 $ PUD 10 $ 10,052,000 9 $ 12,419,000 $ $ 3,707,500 $ $ 7,290,000 $ $ 4,685,000 $ $ 6,060,000 $ th Quarter 26 $ 23,700, $ 22,566, $ 8,430,000 8 $ 6,376,000 2 $ 2,815, $ 6,212,500 HOA 10 $ 6,789,000 6 $ 5,122,000 $ $ 2,065,000 $ $ 2,116,000 $ $ 565,000 $ $ 4,650,000 $ PUD 16 $ 16,911, $ 17,444,000 $ $ 6,365,000 $ $ 4,260,000 $ $ 2,250,000 $ $ 1,562,500 $ Annual 162 $ 121,130, $ 132,249, $ 64,891, $ 59,072, $ 42,634, $ 24,260,400 HOA 79 $ 45,607,000 $ $ 41,079,252 $ $ 23,621,125 $ $ 27,349,000 $ $ 12,276,000 $ $ 12,647,900 $ Average Price $ 577,303 $ 733,558 $ 874,856 $ 781,400 $ 767,250 $ 632,395 PUD 83 $ 75,523,900 $ $ 91,169,900 $ $ 41,270,500 $ $ 31,723,900 $ $ 30,358,000 $ $ 11,612,599 $ Average Price $ 909,926 $ 1,284,083 $ 1,331,306 $ 1,174,959 $ 1,319,913 $ 893, Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM Sold $$ Sales $/SF DOM 1st Quarter 15 $ 12,476, $ 14,632, $ 12,895, $ 14,239, $ 12,348, $ 14,572,000 HOA 6 $ 5,317,000 $ $ 3,911,900 $ $ 6,400,000 $ $ 5,205,500 $ $ 3,784,500 $ $ 4,535,500 $ PUD 9 $ 7,159,500 $ $ 10,721,000 $ $ 6,496,000 $ $ 9,034,000 $ $ 8,561,125 $ $ 10,037,000 $ nd Quarter 24 $19,094, $17,762, $14,086, $16,439, $28,847, $13,644,500 HOA 9 $ 4,659,500 $ $ 7,837,500 $ $ 2,179,000 $ $ 4,296,500 $ $ 5,682,500 $ $ 7,479,500 $ PUD 15 $ 14,435,000 $ $ 9,925,000 $ $ 11,907,550 $ $ 12,144,000 $ $ 23,165,300 $ $ 6,165,000 $ rd Quarter 12 $9,846, $7,924, $7,543, $12,044, $14,513, $10,350,400 HOA 5 $ 2,348,500 $ $ 2,264,900 $ $ 5,203,500 $ $ 7,017,900 $ $ 7,861,625 $ $ 4,977,900 $ PUD 7 $ 7,497,500 $ $ 5,660,000 $ $ 2,340,000 $ $ 5,027,000 $ $ 6,651,668 $ $ 5,372,500 $ th Quarter 12 $ 9,474, $ 15,443, $ 15,531, $ 16,992, $8,272, $ 7,414,000 HOA 2 $ 1,345,000 $ $ 5,504,000 $ $ 7,985,500 $ $ 5,170,500 $ $ 4,130,650 $ $ 5,540,000 $ PUD 10 $ 8,129,500 $ $ 9,939,900 $ $ 7,545,500 $ $ 11,821,500 $ $ 4,141,800 $ $ 1,874,000 $ Annual 63 $ 50,891, $ 55,764, $ 50,056, $ 59,715, $ 63,982, $ 45,980,900 HOA 22 $ 13,670,000 $ $ 19,518,300 $ $ 21,768,000 $ $ 21,690,400 $ $ 21,459,275 $ $ 22,532,900 $ Average Price $ 621,364 $ 513,639 $ 530,926 $ 602,511 $ 659,389 $ 628,897 PUD 41 $ 37,221,500 $ $ 36,245,900 $ $ 28,289,050 $ $ 38,026,500 $ $ 42,522,843 $ $ 23,448,500 $ Average Price $ 937,000 $ 924,398 $ 884,033 $ 884,337 $ 1,063,643 $ 904,083 Diane Williams, Associate Broker, GRI, CalBRE Information compiled by Diane Williams from the Desert Area Multiple Listing Service. All information is deemed reliable but not guaranteed. If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's listings.

4 SOLD Indian Ridge Country Club Sales 2015 Yellow highlighted homes indicate Diane Williams Represented Buyer or Seller Blue highlighted homes indicate Diane Williams represented BOTH Buyer and Seller Address Floor plan Sq/Ft Bd/Ba Exposure P/S $/SF Date Selling Price 562 Desert Holly Acacia 2 1,536 3/2 North No $253 7/29/15 $389, Desert Holly Acacia 3 1,903 3/2 North No $236 4/16/15 $450, Falcon View Acacia 3 1,903 3/2 South No $452 5/19/15 $860, Desert Holly Acacia 3 1,903 3/2 North Yes $275 9/30/15 $524, Falcon View Acacia 3 1,903 3/2 South No $263 6/10/15 $500, Box Canyon Acacia 3 1,903 3/2 South No $326 5/11/15 $620, Box Canyon Acacia 3 1,903 3/2 South No $231 9/30/15 $440, Red Arrow Acacia 3 1,903 3/2 North No $263 3/17/15 $500, Desert Holly Acacia 4 2,182 3/3.5 North No $218 8/14/15 $475, Desert Holly Acacia 4 2,342 3/3.5 West No $235 8/12/15 $549, Falcon View Acacia 4 2,182 3/3.5 South No $210 1/25/15 $459, Falcon View Acacia 4 2,242 3/3.5 South No $257 2/24/15 $575, Red Arrow Acacia 4 2,182 3/3.5 North No $321 2/11/15 $700, Desert Holly Acacia 4 2,182 3/3.5 North No $243 7/14/15 $530, Box Canyon Acacia 4 2,182 3/3.5 South No $247 8/5/15 $540, Red Arrow Acacia 4 2,182 3/3.5 North No $247 2/17/15 $540, Box Canyon Acacia 4 2,182 3/3.5 West No $252 5/1/15 $549, Desert Holly Acacia 5 2,368 3/3.5 South No $239 7/10/15 $565, Falcon View Acacia 5/Casita 2,648 4/4.5 South No $245 6/16/15 $650, White Horse Bougainvillea 1 2,430 3/3.5 North No $243 6/18/15 $590, White Horse Bougainvillea 1 2,430 3/3.5 North Spa $290 1/14/15 $705, Gold Canyon Bougainvillea 1 2,430 3/3.5 North Yes $345 10/9/15 $839, Elk Clover Bougainvillea 1 2,430 3/3.5 West No $267 1/15/15 $650, Mesa Grande Bougainvillea 1 2,430 3/3.5 East No $263 6/5/15 $640, Mesa Grande Bougainvillea 1 2,430 3/3.5 East No $263 1/29/15 $640, Mesa Grande Bougainvillea 1 2,430 3/3.5 South Yes $344 12/30/15 $835, Mesa Grande Bougainvillea 1 2,430 3/3.5 West No $286 3/10/15 $695, Mission Creek Bougainvillea 1 2,430 3/3.5 North No $298 11/25/15 $725, White Horse Bougainvillea 2 2,742 3/3.5 North No $248 6/25/15 $680, Gold Canyon Bougainvillea 2 2,742 3/3.5 North Yes $299 5/13/15 $820, Gold Canyon Bougainvillea 2 2,742 3/3.5 North Yes $282 9/1/15 $772, Mesa Grande Bougainvillea 2 2,742 3/3.5 West No $283 2/20/15 $775, Mesa Grande Bougainvillea 2 2,742 3/3.5 East Spa $292 3/3/15 $800, Mesa Grande Bougainvillea 2 2,742 3/3.5 East Spa $270 4/9/15 $740, Mission Creek Bougainvillea 2 2,742 3/3.5 North No $255 11/5/15 $699, Hawk Hill Bougainvillea 2 2,742 3/3.5 North Spa $252 10/30/15 $690, Mission Creek Bougainvillea 2 2,742 3/3.5 East Yes $279 8/6/15 $765, Mission Creek Bougainvillea 2 2,742 3/3.5 North Yes $323 8/21/15 $885, Tomahawk Bougainvillea 2/C 3,132 4/4.5 North Yes $349 3/5/15 $1,092, Mission Creek Jacaranda 2 4,580 4/4.5 South Yes $448 4/24/15 $2,050, Snow Creek Ocotillo 1 3,082 3/3.5 East No $320 1/30/15 $985, Elk Clover Ocotillo 1 3,082 3/3.5 East Yes $308 1/30/15 $950, Mission Creek Ocotillo 1 3,082 3/3.5 North Yes $346 6/3/15 $1,065, Mission Creek Ocotillo 1 3,082 3/3.5 East Yes $349 11/12/15 $1,075, Tomahawk Ocotillo 2 3,232 3/3.5 East Yes $278 7/28/15 $900, Snow Creek Ocotillo 2 3,255 3/3.5 East No $261 5/4/15 $850, Gold Canyon Ocotillo 2 3,255 3/3.5 North No $246 3/13/15 $800, Mesa Grande Ocotillo 3/G 3,869 4/4.5 West Yes $297 2/26/15 $1,150, Mission Creek Ocotillo 3/G 3,869 4/4.5 North Yes $336 7/23/15 $1,300, Mesa Grande Ocotillo 3/G 4,155 5/6 West Yes $361 2/2/15 $1,500, Desert Holly Palo Verde 3 2,712 3/3.5 West Yes $255 12/7/15 $695, Bright Rock Palo Verde 3 2,712 3/3.4 East No $277 8/13/15 $750, White Horse Palo Verde 5 3,310 4/4.5 North No $240 5/29/15 $795, Deer Haven Smoketree 2 2,682 3/3.5 South Yes $244 3/27/15 $655, Red Arrow Smoketree 2 2,970 3/3.5 South No $242 11/24/15 $720, Deer Haven Smoketree 3 3,102 3/3.5 South Spa $277 2/18/15 $860, Arrowhead Smoketree 4 3, ,5 West No $271 9/16/15 $965, Red Arrow Smoketree 4 3,402 3/3.5 South No $259 6/26/15 $880, Deer Haven Smoketree 5 3,562 4/4.5 South No $254 6/25/15 $905,000 All information gathered from the California Desert Area Realtors MLS and deemed reliable but not guaranteed. Diane Williams, Associate Broker, CalBRE As of 12/31/15

5 Coachella Valley Total Home Sales Evaluation Total Sales <$500,000 >$500,000 <$1 Million > $1 Million ,418 9, % 2, % 11, % % ,953 7, % 3, % 10, % % ,608 5, % 2, % 6, % % ,957 3, % 2, % 5, % % ,292 5, % 1, % 6, % % ,467 8, % 1, % 9, % % ,402 8, % 1, % 9, % % ,812 8, % 1, % 9, % % ,081 8, % 1, % 9, % % ,556 7, % 1, % 9, % % ,170 6, % 1, % 7, % % ,469 6, % 1, % 7, % % 1st Quarter ,154 1, % % 2, % % 2nd Quarter ,549 1, % % 2, % % 3rd Quarter 2014** 1,667 1, % % 1, % % 4th Quarter ,800 1, % % 1, % % 1st Quarter ,041 1, % % 1, % % 2nd Quarter ,618 2, % % 2, % % 3rd Quarter ,956 1, % % 1, % % 4th Quarter ,854 1, % % 1, % % ** Drop in number of sales may be due to CDAR (California Desert Assoc of Realtors MLS) dropping out of CARETS (California Real Estate Technology Services) which can exclude sales by agents belonging to another MLS outside the desert area. Numbers show % of total sales only. dianewilliams319@gmail.com Cell Office Fax Information compiled by Diane Williams from the CDAR Multiple Listing Service Database. All information is deemed reliable, but not guaranteed. If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's Listings.

6 Country Club Home Sales Price Change and Appreciation Average Sales Price Total # of Homes Sold Country Club % of Change % of 2014 Sales Total Total Total Desert Horizons $ 510,386 $ 563,532 $ 514, % % Indian Ridge $ 755,910 $ 871,969 $ 766, % % Indian Ridge PUD $ 884,337 $1,063,643 $ 904, % % Indian Ridge HOA $ 602,521 $ 658,389 $ 628, % % Indian Wells $ 613,108 $ 609,281 $ 594, % % Ironwood $ 444,680 $ 557,149 $ 498, % % Mission Hills $ 563,644 $ 534,861 $ 463, % % Morningside $ 958,377 $ 920,421 $1,006, % % Mountain View $ 831,515 $ 765,192 $ 928, % % Palm Valley $ 309,787 $ 339,455 $ 331, % % PGA West $ 589,058 $ 638,340 $ 678, % % Rancho LaQuinta $ 765,132 $ 851,281 $ 882, % % The Lakes $ 333,504 $ 322,179 $ 311, % % The Springs $ 475,324 $ 468,123 $ 515, % % Andalusia $ 1,271,619 $1,156,391 $1,416, % % Bighorn $ 3,367,375 $3,392,826 $2,949, % % Hideaway $ 2,234,143 $2,495,844 $2,561, % % Reserve $ 2,594,638 $1,824,929 $2,231, % % Toscana $ 1,780,770 $1,968,328 $1,663, % % Tradition $ 3,116,361 $2,437,595 $2,540, % % Vintage $ 2,313,636 $2,850,476 $2,121, % % Indian Ridge Country Club On-Site Sales - Indian Wells Luxury Home Division dianewilliams319@gmail.com Cell Office Fax Information compiled by Diane Williams from the California Desert Association of Realtors Multiple Listing Service.12/31/2015 If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's Listings. 1

7 Million Dollar Luxury Home Market in the Desert Number of Homes Sold Price $1 Million $2 Million $3 Million $4 Million $5 Million $6 Million $7 Million Listed at end of 3rd Qtr Active Each number includes the sales range above the price point. For Example: 2014 Sales over $2 million (106) includes all total sales over $2 million. Diane Williams, GRI CalBRE Associate Broker/Executive Luxury Director Bennion Deville Homes - Indian Wells Luxury Home Division dianewilliams319@gmail.com Cell Office Fax dianewilliams319@gmail.com Cell Office Fax Information compiled by Diane Williams from the California Desert Association of Realtors Multiple Listing Service. 12/31/2015 If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's Listings.

8 4th Qtr Country Club Desert Horizons Indian Ridge Indian Wells Ironwood Mission Hills Morningside Mountain View Palm Valley PGA West Rancho La Quinta The Lakes The Springs Average Country Club $/SF Total Average Desert Horizons $ 859,500 $ 735,000 $ 765,000 $ 575,525 $ 537,708 $ 484,544 $ 583,500 $ 557,945 $ 563,532 $ 514,119 $ 179 Indian Ridge $ 1,000,000 $ 865,000 $ 1,010,000 $ 735,164 $ 826,778 $ 725,823 $ 685,705 $ 891,670 $ 871,969 $ 766,490 $ 281 Indian Wells $ 907,500 $ 765,000 $ 680,000 $ 568,890 $ 609,669 $ 584,842 $ 750,537 $ 538,638 $ 609,281 $ 594,039 $ 232 Ironwood $ 530,000 $ 493,500 $ 480,000 $ 427,491 $ 412,715 $ 478,491 $ 419,369 $ 385,950 $ 557,149 $ 498,983 $ 252 Mission Hills $ 585,000 $ 600,000 $ 539,000 $ 680,247 $ 558,287 $ 517,800 $ 411,092 $ 653,095 $ 534,861 $ 463,437 $ 180 Morningside $ 1,092,500 $ 1,032,500 $ 800,000 $ 976,000 $ 1,052,921 $ 939,324 $ 751,800 $ 1,132,500 $ 920,421 $ 1,006,565 $ 248 Mountain View $ 1,212,500 $ 975,000 $ 888,000 $ 813,399 $ 681,339 $ 665,693 $ 790,272 $ 890,757 $ 765,192 $ 928,016 $ 274 Palm Valley $ 490,000 $ 495,000 $ 420,000 $ 322,411 $ 345,391 $ 297,807 $ 287,241 $ 291,208 $ 339,455 $ 331,302 $ 206 PGA West $ 885,000 $ 856,250 $ 750,000 $ 639,596 $ 636,150 $ 608,421 $ 536,498 $ 639,056 $ 638,340 $ 678,148 $ 234 Rancho La Quinta $ 1,099,000 $ 1,074,500 $ 945,000 $ 855,259 $ 797,181 $ 742,050 $ 700,000 $ 847,316 $ 851,281 $ 882,847 $ 300 The Lakes $ 570,000 $ 520,750 $ 495,000 $ 454,152 $ 388,593 $ 397,880 $ 338,938 $ 447,169 $ 322,179 $ 311,867 $ 153 The Springs $ 724,056 $ 742,424 $ 618,305 $ 461,189 $ 507,782 $ 441,536 $ 403,456 $ 533,225 $ 468,925 $ 515,082 $ dianewilliams319@gmail.com Cell Office Country Club Home Sales Average Sales Price and Price Per Square Foot Information compiled by Diane Williams from the Multiple Listing Service Database. All information is deemed reliable, but not guaranteed. If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's Listings. 2015

9 Average Price Range of Homes Sold in Country Clubs Desert Horizons Lowest Sales $ 615,000 $ 425,000 $ 440,000 $ 330,000 $ 285,000 $ 210,000 $ 233,000 $ 250,000 $ 315,000 $ 249,000 Highest Sales $ 2,000,000 $ 1,560,000 $ 1,950,000 $ 1,700,000 $ 1,100,000 $ 1,290,000 $ 1,700,000 $ 761,500 $ 1,070,000 $ 1,215,000 Indian Wells Lowest Sales $ 450,000 $ 450,000 $ 308,000 $ 122,000 $ 90,000 $ 79,000 $ 80,000 $ 64,500 $ 89,000 $ 95,500 Highest Sales $ 3,300,000 $ 2,350,000 $ 3,100,000 $ 2,800,000 $ 1,650,000 $ 1,950,000 $ 2,400,000 $ 1,250,000 $ 1,850,000 $ 2,100,000 Indian Ridge Lowest Sales $ 590,000 $ 495,000 $ 385,000 $ 245,000 $ 350,000 $ 308,500 $ 340,000 $ 449,000 $ 400,000 $ 389,000 Highest Sales $ 2,254,000 $ 2,620,000 $ 2,400,000 $ 1,800,000 $ 1,900,000 $ 1,950,000 $ 2,300,000 $ 1,400,000 $ 2,730,000 $ 2,050,000 Ironwood Lowest Sales $ 300,000 $ 275,000 $ 200,000 $ 135,000 $ 120,000 $ 120,000 $ 132,000 $ 145,000 $ 210,000 $ 195,000 Highest Sales $ 2,400,000 $ 3,335,000 $ 1,800,000 $ 2,000,000 $ 1,510,000 $ 2,312,500 $ 1,895,000 $ 1,090,000 $ 2,025,000 $ 2,599,000 Mission Hills Lowest Sales $ 260,000 $ 220,000 $ 182,500 $ 115,000 $ 119,000 $ 94,000 $ 85,000 $ 105,000 $ 120,000 $ 122,000 Highest Sales $ 3,975,000 $ 1,865,000 $ 1,865,000 $ 2,950,000 $ 1,800,000 $ 1,870,600 $ 2,000,000 $ 1,750,000 $ 2,250,000 $ 3,200,000 Morningside Lowest Sales $ 700,000 $ 692,000 $ 485,000 $ 480,000 $ 525,000 $ 575,000 $ 450,000 $ 660,000 $ 609,000 $ 480,000 Highest Sales $ 2,372,000 $ 1,800,000 $ 1,850,000 $ 2,000,000 $ 2,150,000 $ 1,745,000 $ 1,750,000 $ 1,650,000 $ 1,375,000 $ 2,525,000 Mountain View Lowest Sales $ 708,975 $ 577,000 $ 505,000 $ 425,000 $ 288,750 $ 285,000 $ 295,000 $ 320,000 $ 395,000 $ 335,000 Highest Sales $ 1,900,000 $ 1,695,000 $ 1,600,000 $ 1,575,000 $ 1,400,000 $ 1,250,000 $ 1,465,000 $ 1,550,000 $ 1,350,000 $ 1,580,000 Palm Valley Lowest Sales $ 290,000 $ 305,000 $ 150,000 $ 190,000 $ 131,500 $ 120,000 $ 99,650 $ 179,000 $ 128,000 $ 130,000 Highest Sales $ 716,000 $ 905,000 $ 915,000 $ 575,000 $ 556,000 $ 595,000 $ 460,000 $ 429,000 $ 725,000 $ 675,000 PGA West Lowest Sales $ 310,000 $ 240,000 $ 234,500 $ 156,000 $ 117,700 $ 150,000 $ 700,000 $ 159,000 $ 220,000 $ 160,000 Highest Sales $ 2,895,000 $ 2,600,000 $ 2,850,000 $ 1,840,000 $ 2,265,000 $ 2,050,000 $ 4,250,000 $ 1,200,000 $ 2,000,000 $ 2,700,000 Rancho La Quinta Lowest Sales $ 385,000 $ 385,000 $ 385,000 $ 385,000 $ 250,000 $ 270,000 $ 335,000 $ 400,000 $ 360,000 $ 431,300 Highest Sales $ 2,450,000 $ 2,250,000 $ 2,100,000 $ 2,000,000 $ 1,900,500 $ 1,450,000 $ 1,500,000 $ 1,300,000 $ 1,550,000 $ 2,150,000 The Lakes Lowest Sales $ 380,000 $ 385,000 $ 330,000 $ 235,000 $ 205,000 $ 180,000 $ 145,000 $ 225,000 $ 169,000 $ 148,000 Highest Sales $ 965,000 $ 965,000 $ 965,000 $ 965,000 $ 700,000 $ 900,000 $ 720,000 $ 799,000 $ 1,250,000 $ 710,000 The Springs Lowest Sales $ 525,000 $ 525,000 $ 440,000 $ 349,000 $ 268,000 $ 235,000 $ 240,000 $ 420,000 $ 325,000 $ 350,000 Highest Sales $ 1,015,000 $ 1,050,000 $ 1,150,000 $ 700,000 $ 980,000 $ 950,000 $ 750,000 $ 670,000 $ 730,000 $ 825,000 dianewilliams319@gmail.com Cell Office Fax

10 Country Club Home Sales Sold Country Club th Qtr Andalusia Bighorn Hideaway The Reserve Toscana Tradition Vintage Average Country Club Home Price and Price Per Square Foot $/SF Andalusia $ 2,311,250 $ 1,962,182 $ 1,336,125 $ 1,425,444 $ 1,330,116 $ 1,289,413 $ 1,318,938 $ 1,156,391 $ 1,416,994 $ 370 Bighorn $ 3,000,000 $ 3,212,500 $ 4,050,000 $ 4,551,667 $ 4,241,560 $2,578,850 $ 3,620,357 $ 2,058,000 $ 3,392,826 $ 2,949,000 $ 585 Hideaway $ 3,150,000 $ 3,080,000 $ 2,562,500 $ 2,482,500 $ 2,249,381 $2,210,060 $ 1,876,173 $ 2,755,800 $ 2,495,844 $ 2,561,481 $ 504 The Reserve $ 2,875,000 $ 2,600,000 $ 3,400,000 $ 2,900,000 $ 2,681,389 $1,933,333 $ 2,048,569 $ 3,200,000 $ 1,824,929 $ 2,231,250 $ 518 Toscana $ 2,049,000 $ 2,248,583 $ 2,120,884 $ 1,823,333 $ 1,707,895 $1,538,060 $ 1,771,672 $ 1,902,500 $ 1,968,328 $ 1,663,107 $ 425 Tradition $ 2,500,000 $ 3,500,000 $ 2,555,000 $ 2,762,273 $ 2,051,675 $2,338,833 $ 2,512,104 $ 2,054,000 $ 2,437,595 $ 2,540,364 $ 513 Vintage $ 3,850,000 $ 3,150,000 $ 1,962,500 $ 2,880,000 $ 1,877,301 $1,968,147 $ 1,669,769 $ 999,000 $ 2,850,476 $ 2,121,988 $ dianewilliams319@gmail.com Cell Office Fax Note not all Bighorn properties sold are recorded in the MLS Information compiled by Diane Williams from the Multiple Listing Service Database. All information is deemed reliable, but not guaranteed. If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's Listings.

11 Price Ranges of Country Club Homes Sold Andalusia Lowest Sales Price $ 1,772,500 $ 1,150,000 $ 955,000 $ 985,000 $ 751,000 $ 755,000 $ 860,000 $ 915,000 $ 1,050,000 Highest Sales Price $ 2,850,000 $ 2,500,000 $ 1,900,000 $ 2,175,000 $ 2,025,000 $ 2,000,000 $ 1,937,500 $ 1,872,680 $ 2,005,000 Bighorn Lowest Sales Price $ 1,850,000 $ 1,725,000 $ 1,750,000 $ 1,850,000 $ 2,150,000 $ 1,200,000 $ 1,155,000 $ 1,200,000 $ 1,010,000 $ 1,065,000 Highest Sales Price $ 9,800,000 $ 1,725,000 $ 10,600,000 $ 11,000,000 $ 8,500,000 $ 5,100,000 $ 12,300,000 $ 2,900,000 $ 8,900,000 $ 7,950,000 Hideaway Lowest Sales Price $ 1,800,000 $ 1,275,000 $ 1,420,000 $ 1,400,000 $ 950,000 $ 850,000 $ 925,000 $ 1,816,000 $ 1,250,000 $ 1,540,000 Highest Sales Price $ 4,850,000 $ 6,000,000 $ 3,600,000 $ 3,650,000 $ 4,783,000 $ 6,500,000 $ 3,300,000 $ 3,600,000 $ 4,650,000 $ 6,350,000 The Reserve Lowest Sales Price $ 1,100,000 $ 1,195,000 $ 1,525,000 $ 2,900,000 $ 720,000 $ 1,125,000 $ 900,000 $ 1,100,000 $ 940,000 $ 1,075,000 Highest Sales Price $ 4,900,000 $ 4,050,000 $ 8,100,000 $ 2,900,000 $ 5,500,000 $ 3,000,000 $ 5,700,000 $ 2,300,000 $ 3,200,000 $ 3,200,000 Toscana Lowest Sales Price $ 1,700,000 $ 1,300,000 $ 1,350,000 $ 875,000 $ 950,000 $ 940,000 $ 950,000 $ 1,250,000 $ 999,000 $ 980,000 Highest Sales Price $ 2,775,000 $ 4,100,000 $ 2,900,000 $ 4,200,000 $ 5,000,000 $ 2,700,000 $ 3,500,000 $ 2,500,000 $ 5,000,000 $ 4,049,000 Tradition Lowest Sales Price $ 1,815,000 $ 1,800,000 $ 1,750,000 $ 1,425,000 $ 995,000 $ 1,300,000 $ 620,000 $ 1,495,000 $ 1,150,000 $ 1,450,000 Highest Sales Price $ 4,800,000 $ 4,700,000 $ 5,850,000 $ 5,200,000 $ 3,300,000 $ 4,500,000 $ 4,400,000 $ 232,500 $ 4,195,000 $ 3,800,000 The Vintage Lowest Sales Price $ 765,000 $ 650,000 $ 680,000 $ 500,000 $ 460,000 $ 315,000 $ 350,000 $ 700,000 $ 410,000 $ 500,000 Highest Sales Price $ 6,700,000 $ 8,350,000 $ 7,950,000 $ 2,880,000 $ 3,476,204 $ 6,900,000 $ 4,100,000 $ 4,250,000 $ 10,450,000 $ 4,425,000 dianewilliams319@gmail.com Cell Office Fax Information compiled by Diane Williams from the Multiple Listing Service Database. All information is deemed reliable, but not guaranteed. If your property is currently listed with another Broker, please disregard. It is not our intention to solicit other Broker's Listings.