San Francisco Market Analysis										1/8/2012
2 Flat
		Total Building Sold		Average		Low		High		Median		Average Days on Market		Premium
September '11		18		$1,009		$318		$3,995		$824		111		99%
October '11		27		$1,091		$440		$1,784		$1,050		84		98%
November '11		27		$1,085		$520		$1,787		$1,050		69		100%
December '11		28		$1,088		$425		$1,750		$1,076		68		100%
Active*		102	▼	$1,066	▼	$319		$5,650		$949	▼	120	▲
3 Flat
		Total Building Sold		Average		Low		High		Median		Average Days on Market		Premium
September '11		3		$807		$520		$1,100		$800		87		100%
October '11		6		$1,043		$699		$1,550		$974		48		96%
November '11		11		$1,127		$650		$1,680		$970		101		98%
December '11		7		$1,647		$970		$2,700		$1,630		81		96%
Active*		32	▼	$1,251	▼	$475		$2,900		$1,045	▼	96	▼
4 Flat
		Total Building Sold		Average		Low		High		Median		Average Days on Market		Premium
September '11		7		$1,254		$825		$1,648		$1,250		71		93%
October '11		5		$1,014		$670		$1,230		$1,090		78		98%
November '11		9		$1,281		$630		$1,900		$1,350		59		99%
December '11		4		$864		$510		$1,055		$945		58		99%
Active*		11	▼	$1,326	▲	$535		$2,594		$1,200	▲	145	▼
Monthly updates available at:			WWW.BOLDSF.COM						▲	indicates an increase from last month
									▼	indicates a decrease from last month
Prepared from data available from the San Francisco MLS as of the date of this report.								*"Active" information as of 1/8/2012.