Sales Meeting Minutes 8-16-2010

Yearly Inventory

• Average Price/ Sq. Ft. From $121 to 120 (12/2007) $111 -2010 (Homes are more affordable now!)

• Average Days on Market 114 DOM , 96% Sold to list price DOM increases and sold to list price decreases.

AVG ACTIVE PRICE - 12/09 -297 1/10 - 293 (1.3% DECREASE)

AVG SOLD PRICE - 12/09 - 221  1/10 - 230 (4.1% INCREASE)

16.4 months of supply of homes.

National average is 16 Seller’s Market - 3 months or less Balanced Market 5-6 months Buyer’s market - anything above 6 months

Web 2.0

Web 2.0 is the changing trend in the use of the world wide web. The aim is to enhance creativity, communications, secure information sharing, collaboration and functionality of the web. Web 2.0 gives you the option of interacting with others using the same platform, creating a market presence on the web and engaging others in your community on issues and topics you find relevant.

Web 2.0 sites: Flikr,MySpace,Facebook,Linkedin, wikipedia, craigslist, twitter, youtube Activerain.com, realestatewiki.com, googlebase, biggerpockets.com, trulia.com, zillow.com, hotpads.com

An estimated 2.1 billion people are utilizing Web 2.0 websites everyday

Web 2.0 allows you to be the expert on real estate and real estate issues to your community of friends and those that already know like and trust you. The days of sending high expense items such as newsletters, postcards, letters are over. You can write a quick blog or note about what your doing and everyone in your network will instantaneously be able to see it. The more you blog, the more that google and other search engines will know that you are legitimate and create search points for your name or blog.