AVERAGE SALES PRICE VS. LIST PRICE  SALES PRICE PER SQUARE FT.
                     Click images to enlarge graphical view of trends.
PALO ALTO  94303 PALO ALTO  94303                   Avg. sales price vs. list price:
       
Quarter and Avg. List Price Avg. Sales Price Avg. % Quarter and  $ per  Sales Price  
Year $ $   Year  SQ FT  Vs. 
            List Price
Qtr 4 2001 ----         938,588           897,256 96% Qtr 4 2001 ----     560 95%  
Qtr 1 2002 ----         986,782        1,047,840 106% Qtr 1 2002 ----     565 103%
Qtr 2 2002 ----      1,038,632        1,065,956 103% Qtr 2 2002 ----     598 105%
Qtr 3 2002 ----         947,765           939,121 99% Qtr 3 2002 ----     567 103%
Qtr 4 2002 ----         948,515           929,283 98% Qtr 4 2002 ----     585 97%
Qtr 1 2003 ----         987,522           975,596 99% Qtr 1 2003 ----     586 101%                         Sales price per sq. ft.:
Qtr 2 2003 ----         985,337           970,187 98% Qtr 2 2003 ----     554 99%
Qtr 3 2003 ----         988,357           984,459 100% Qtr 3 2003 ----     568 100%
Qtr 4 2003 ----         949,448           958,686 101% Qtr 4 2003 ----     586 102%
Qtr 1 2004 ----      1,068,697        1,157,907 108% Qtr 1 2004 ----     609 104%
Qtr 2 2004 ----      1,079,660        1,158,823 107% Qtr 2 2004 ----     639 105%
Qtr 3 2004 ----         993,721        1,065,364 107% Qtr 3 2004 ----     609 104%
Qtr 4 2004 ----      1,121,976        1,187,407 106% Qtr 4 2004 ----     639 105%
Qtr 1 2005 ----      1,143,032        1,306,025 114% Qtr 1 2005 ----     698 103%
Qtr 2 2005 ----      1,223,050        1,292,051 106% Qtr 2 2005 ----     669 99%  
Qtr 3 2005 ----      1,223,050        1,292,051 106% Qtr 3 2005 ----     749 99%
Qtr 4 2005 ----      1,083,837        1,122,061 104% Qtr 4 2005 ----     677 103%
Qtr 1 2006 ----      1,175,622        1,222,715 104% Qtr 1 2006 ----     680 102%                     Average sales price trend:
Qtr 2 2006 ----      1,411,813        1,455,965 103% Qtr 2 2006 ----     696 96%
Qtr 3 2006 ----      1,283,072        1,351,905 105% Qtr 3 2006 ----     766 97%
Qtr 4 2006 ----      1,338,851        1,360,817 102% Qtr 4 2006 ----     777 107%
Qtr 1 2007 ----      1,256,956        1,386,840 110% Qtr 1 2007 ----     841 112%
Qtr 2 2007 ----      1,385,571        1,504,385 109% Qtr 2 2007 ----     850 110%
Qtr 3 2007 ----      1,450,414        1,569,360 108% Qtr 3 2007 ----     903 110%
Qtr 4 2007 ----      1,527,586        1,622,510 106%   Qtr 4 2007 ---- 812 107%
Qtr 1 2008 ----      1,648,000        1,737,136 105%   Qtr 1 2008 ---- 928 107%
Qtr 2 2008 ----      1,563,551        1,594,172 102%   Qtr 2 2008 ---- 856 102%
Qtr 3 2008 ----      1,633,483        1,651,6867 101%   Qtr 3 2008 ---- 844 102%
Qtr 4 2008 ----      1,403,790        1,383,9407 99% Qtr 4 2008 ---- 799 99%
Qtr 1 2009 ---- 1,557,219 1,547,451 99%   Qtr 1 2009 ---- 781 100%
Qtr 2 2009 ---- 1,458,556 1,422,069 97%   Qtr 2 2009 ---- 753 97%
Qtr 3 2009 ---- 1,316,591 1,293,344 98%   Qtr 3 2009 ---- 786 99%  
Qtr 4 2009 ---- 1,317,330 1,315,873 100% Qtr 4 2009 ---- 721 100%
Qtr 1 2010 ---- 1,392,800 1,382,977 99% Qtr 1 2010 ---- 761 101%
Qtr 2 2010 ---- 1,387,310 1,384,509 100% Qtr 2 2010 ---- 746 100%  
Qtr 3 2010 ---- 1,213,271 1,250,962 103%   Qtr 3 2010 ---- 736 103%  
Qtr 4 2010 ---- 1,347,069 1,373,967 102%   Qtr 4 2010 ---- 819 103%  
Qtr 1 2011 ---- 1,224,688 1,287,844 105%   Qtr 1 2011 ---- 779 105%  
Qtr 2 2011 ---- 1,456,925 1,519,060 104%   Qtr 2 2011 ---- 804 105%  
Qtr 3 2011 ---- 1,345,689 1,410,683 105%   Qtr 3 2011 --- 844 105%  
10/1-12/4/11 1,407,056 1,479,824 105%   10/1-12/4/11 856 106%