Property Analysis Report

Transaction Overview County - Washington Date Range: 7/1/2021 - 6/30/2022 Transactions by Transaction Value Distribution

Transaction Type Distribution

Transactions by Period

Product Type Distribution

Transactions by Lot Size Distribution

Transaction Value vs. Square Footage

Lot Size Distribution includes Single Family transactions only

Report includes residential transactions only

Public Record Data Analysis (July 2022) Copyright Metrostudy

Median Transaction Value and $/SF

Spotlight on New Construction County - Washington Top 20 Builder Ranking 7/1/21 - 6/30/22

New Construction Activity By Year Year

New Home Closings

Rank Builder

Median Tran Value

Average Tran Value

LTV%

2011

961

$280,005

$294,724

84.0%

2012

1,173

$261,912

$289,099

83.6%

2013

1,240

$285,547

$311,541

81.8%

2014

1,297

$343,780

$371,998

79.8%

2015

1,535

$386,885

$407,671

79.1%

2016

1,723

$455,821

$470,573

78.5%

2017

1,875

$478,900

$499,050

76.3%

2018

1,537

$512,000

$523,530

75.8%

2019

1,644

$491,812

$507,153

78.3%

2020

1,985

$483,495

$522,414

80.2%

2021

1,689

$546,712

$589,960

79.4%

612

$579,900

$620,268

79.2%

2022 (YTD) Cumulative

17,271

Report includes residential transactions only

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

New Home Closings

Lennar Homes Taylor Morrison David Weekley Homes Holt Homes Inc Pahlisch Homes Inc Stone Bridge Homes NW Riverside Homes LLC Noyes Development LENNAR NORTHWEST LLC Toll Brothers Inc SAGE BUILT HOMES LLC Everett Custom Homes (OR) Richmond American Homes DR Horton Inc Ichijo USA Co West Hills Homes NW Westwood Homes QUATAMA PARK TOWNHOMES LLC PACIFIC EVERGREEN HOMES LLC Mission Homes NW

237 190 155 152 143 57 41 34 31 30 30 29 28 27 25 14 13 13 8 7

Tran Volume

$134,564,108 $114,299,915 $89,691,684 $70,225,321 $88,354,847 $43,819,298 $31,050,705 $30,546,176 $17,617,500 $30,484,289 $22,051,526* $18,562,089 $14,926,371 $11,648,360* $16,567,222 $8,206,450 $11,265,790 $7,249,300 $3,920,000 $7,750,296

Med Tran Value

$559,350 $588,780 $551,257 $461,390 $582,400 $764,795 $727,500 $948,499 $587,400 $1,007,770 $750,550* $550,000 $510,087 $397,270* $684,000 $553,540 $810,000 $555,000 $490,000 $1,186,048

Avg Tran Value

$567,781 $601,579 $578,656 $462,009 $617,866 $768,760 $757,334 $898,417 $568,306 $1,016,143 $760,397* $640,072 $533,085 $448,014* $662,689 $586,175 $866,599 $557,638 $490,000 $1,107,185

*Volume, Median, Average based on partial valuation data

Public Record Data Analysis (July 2022) Copyright Metrostudy

Spotlight on Foreclosures County - Washington REO Activity By Year Year

REO Properties Acquired**

REO Properties Sold

Net

Top 20 REO Property Holders Median REO Tran Value

2011

847

1,390

-543

$160,000

2012

642

1,169

-527

$167,500

2013

417

456

-39

$185,000

2014

701

523

178

$211,450

2015

758

854

-96

$225,000

2016

348

478

-130

$260,000

2017

186

259

-73

$295,000

2018

143

183

-40

$314,000

2019

112

122

-10

$351,000

2020

50

100

-50

$342,238

2021

28

66

-38

$422,995

2022 (YTD)

11

32

-21

$370,000

Current Total REO Properties: Annual REO Sales (7/1/21-6/30/22): REO Sales Monthly Rate: REO Property Months of Supply:

320 54 4.50 71.11

**Unique properties where title transferred to Lender or Guarantor; does not include foreclosures that were purchased at auction.

Report includes residential transactions only

Rank

1 2 3 4 5 6 7 8 9 10 11 11 11 14 14 14 14 14 14 20

$437,900

Lender / Guarantor

WASHINGTON COUNTY FEDERAL NATIONAL MORTGAGE ASSO FEDERAL HOME LOAN MORTGAGE COR COUNTY OF WASHINGTON FEDERAL NATIONAL MORTGAGE ASSOCIATION WELLS FARGO BANK NA DEUTSCHE BANK NATIONAL TRUST C US BANK TRUST NA THE BANK OF NEW YORK MELLON US BANK NATIONAL ASSOCIATION DEVON BANK NATIONSTAR MORTGAGE LLC WELLS FARGO BANK N A CITIBANK NA FEDERAL HOME LOAN MORTGAGE CORPORATION GMAC MORTGAGE LLC HSBC BANK USA NATIONAL ASSOCIA STATE OF OREGON U S BANK NATIONAL ASSOCIATION BANK OF AMERICA NATIONAL ASSOC Additional REO Properties not in Top 20 Current Total REO Properties

*8 additional Lender/Guarantor(s) tied for Rank No. 20

Public Record Data Analysis (July 2022) Copyright Metrostudy

Properties

69 36 21 16 14 11 9 8 7 5 4 4 4 3 3 3 3 3 3 2 92 320

Spotlight on Lender Activity County - Washington Loan Activity By Year

Top 20 Lender Ranking 7/1/2021 - 6/30/2022 Rank Lender / Guarantor

Year

Loans

Median Loan Amount

Average Loan Amount

LTV%

2011

5,090

205,545

223,590

83.5%

2012

6,163

213,750

230,050

83.8%

2013

6,969

235,554

249,978

82.2%

2014

7,723

248,907

263,144

81.5%

2015

9,724

267,137

280,491

82.2%

2016

9,444

304,000

312,437

81.5%

2017

8,895

326,000

332,142

79.8%

2018

8,223

342,000

350,440

78.9%

2019

8,370

358,000

364,274

81.0%

2020

9,369

387,000

391,603

81.6%

2021

10,161

436,000

439,841

79.8%

2022 (YTD)

4,134

468,950

482,478

79.2%

Cumulative

94,265

Report includes residential transactions only

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Guild Mortgage Company LLC Onpoint Community Credit Union First Technology Fcu United Wholesale Mortgage LLC Fairway Independent Mortgage Corp Caliber Home Loans Inc Wells Fargo Bank Na US Bank NA Rocket Mortgage LLC Mortgage Express LLC Academy Mortgage Corp Umpqua Bank Directors Mortgage Inc Finance Of America Mortgage LLC Jpmorgan Chase Bank Na Pacific Residential Mortgage LLC Lennar Mortgage LLC Better Mortgage Corp Provident Funding Associates LP American Pacific Mortgage Corp

Public Record Data Analysis (July 2022) Copyright Metrostudy

Loans

445 431 422 381 361 332 305 274 274 253 240 201 176 176 164 161 152 150 144 135

Loan Volume

$197,115,353 $183,772,206 $224,600,050 $175,499,584 $161,473,520 $150,863,768 $156,970,235 $140,861,972 $127,200,098 $110,339,995 $107,408,388 $98,404,050 $78,992,169 $76,511,303 $79,554,372 $71,188,820 $69,720,750 $75,947,921 $68,756,276 $61,683,619

Median Amt

$438,644 $423,700 $517,375 $456,577 $445,715 $447,175 $480,000 $476,682 $459,828 $437,000 $439,500 $464,800 $454,000 $435,091 $461,000 $440,100 $469,540 $516,000 $489,280 $474,905

Average Amt

$442,956 $426,386 $532,228 $460,629 $447,295 $454,409 $514,657 $514,095 $464,234 $436,126 $447,535 $489,572 $448,819 $434,723 $485,088 $442,167 $458,689 $506,319 $477,474 $456,916

Transactions by Price Range County - Washington Date Range: 7/1/2021 - 6/30/2022

Transaction Value N/A Transaction Type

#

< $149 %

#

%

New

12

0.9%

1

0.1%

Regular Resale

39

0.4%

80

0.8%

REO Sale

15 27.8%

5 86

Selection Totals

66

0.6%

Report includes residential transactions only

$150-$199

$200-$249

$250-$299

$300-$349

$350-$399

$400-$499

$500-$699

$700-$999

#

#

#

#

#

#

#

#

%

94

0.9%

9.3%

1

1.9%

0.7%

95

0.8%

%

%

%

%

%

%

%

$1,000+ #

Total

%

#

3

0.2%

4

0.3%

5

0.4%

71

5.1%

366 26.4%

558 40.3%

296 21.4%

69

5.0%

1,385

201

1.9%

307

2.9%

484

4.6%

734

7.0%

2,248 21.6%

3,968 38.0%

1,750 16.8%

526

5.0%

10,431

3

5.6%

3

5.6%

6

11.1%

9 16.7%

9 16.7%

204

1.7%

314

2.6%

492

4.1%

811

6.8%

2,623 22.1%

4,535 38.2%

595

5.0%

11,870

Public Record Data Analysis (July 2022) Copyright Metrostudy

3

5.6%

2,049 17.3%

54

Transactions by Lot Size County - Washington Date Range: 7/1/2021 - 6/30/2022

N/A Transaction Type New Regular Resale Foreclosure REO Sale Selection Totals

#

% 12

5,0006,999

< 4,999 #

%

#

7,0009,999 %

1.0%

851 73.0%

223 19.1%

1,152 13.7%

2,201 26.1%

4 20.0%

2 10.0%

#

10,00014,999 %

55

#

%

#

%

30,00049,999 #

%

50,00099,999 #

%

4.7%

13

1.1%

7

0.6%

1,700 20.2%

1,764 20.9%

778

9.2%

380

4.5%

129

1.5%

3 15.0%

2 10.0%

3 15.0%

1

5.0%

1

3.3%

1

3.3%

131

1.4%

113

1.2%

2 10.0%

4 13.3%

9 30.0%

5 16.7%

8 26.7%

2

6.7%

1,172 12.1%

3,063 31.7%

1,931 20.0%

1,829 19.0%

795

8.2%

Report includes single family home transactions only

15,00029,999

390

4.0%

Public Record Data Analysis (July 2022) Copyright Metrostudy

100,000149,999

150,000199,999

200,000+

#

#

#

%

3

0.3%

1

0.1%

107

1.3%

49

0.6%

%

34

0.4%

2 10.0%

Total

%

#

1

0.1%

1,166

139

1.6%

8,433

1

5.0%

20

141

1.5%

9,649

30 50

0.5%

34

0.4%

Transactions by Time Period County - Washington Three Years Ago 7/1/18 - 6/30/19 Transaction Type

Count

Med $ Val

$/SF

Two Years Ago 7/1/19 - 6/30/20 MedLotSF Count

Med $ Val % Chg

One Year Ago 7/1/20 - 6/30/21

$/SF

MedLotSF Count

Med $ Val % Chg

Current Period 7/1/21 - 6/30/22

$/SF

MedLotSF Count

Med $ Val % Chg Med SF

Total $/SF

New

1,612

$483,023

$225

4,356

1,848

$484,427

0.3%

$231

4,356

1,909

$504,450

4.1%

$246

3,920

1,385

$568,400

12.7%

1,920

$291

Regular Resale

$226

6,970

8,494

$410,000

3.0%

$232

6,970

10,756

$465,000

13.4%

$257

6,534

10,431

$540,000

16.1%

1,728

$302

9,148

80

n/a

6,970

34

n/a

7,405

28

n/a

8,735

$398,000

Foreclosure

136

n/a

REO Sale

140

$333,500

$202

7,160

115

$329,325

-1.3%

$197

6,985

84

$405,000

23.0%

$265

7,405

54

$437,900

8.1%

1,420

Selection Totals 10,623

$401,975

$226

6,098

10,537

$420,000

4.5%

$231

5,663

12,783

$470,000

11.9%

$255

6,098

11,898

$543,950

15.7%

1,728

Report includes residential transactions only

Public Record Data Analysis (July 2022) Copyright Metrostudy

MedLotSF

Count

3,485

6,754

6,970

38,416

14,375

278

$284

8,276

393

$302

6,098

45,841

1,520

Transactions by Product Attributes County - Washington Date Range: 7/1/2021 - 6/30/2022

Bedrooms Transaction Type New

Regular Resale

REO Sale

Selection Totals

n/a

Bathrooms

1

2

3

4+

n/a

3.9%

1.0%

1.0%

94.2%

Square Footage

<2

2

2.5

3

3.5+

n/a

1.0%

3.9%

0.0%

1.0%

0.0%

84.5%

<1,000

1,0001,499

1,5001,999

2,0002,499

2,5002,999

3,0003,499

3,5003,999

4,000+

0.0%

4.9%

5.8%

1.9%

1.9%

1.0%

0.0%

0.0%

Attached

94.2%

0.0%

Detached

95.0%

0.0%

0.2%

2.6%

2.2%

95.0%

0.3%

1.4%

0.0%

2.9%

0.3%

91.6%

0.2%

0.9%

3.1%

1.6%

1.0%

1.0%

0.3%

0.3%

Attached

5.3%

9.3%

49.1%

28.1%

8.3%

4.0%

19.8%

31.0%

0.0%

39.4%

5.8%

0.3%

25.8%

45.0%

21.5%

4.3%

1.5%

0.8%

0.6%

0.1%

Detached

4.8%

0.5%

9.2%

54.4%

31.2%

4.1%

7.6%

30.3%

0.0%

52.4%

5.6%

1.9%

2.5%

24.7%

29.7%

18.2%

11.0%

6.5%

2.9%

2.6%

Attached

0.0%

20.0%

40.0%

40.0%

0.0%

0.0%

20.0%

40.0%

0.0%

40.0%

0.0%

0.0%

20.0%

80.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

Detached

3.3%

3.3%

16.7%

50.0%

26.7%

3.3%

13.3%

43.3%

0.0%

33.3%

6.7%

0.0%

10.0%

40.0%

30.0%

6.7%

3.3%

3.3%

3.3%

3.3%

Attached

10.8%

8.7%

46.2%

26.4%

7.8%

9.6%

18.6%

29.4%

0.0%

5.5%

5.5%

5.6%

24.2%

42.6%

20.4%

4.1%

1.5%

0.8%

0.6%

0.1%

Detached

15.7%

0.4%

8.1%

48.1%

27.6%

15.1%

6.8%

26.9%

0.0%

4.9%

4.9%

12.7%

2.3%

21.8%

26.5%

16.1%

9.8%

5.8%

2.6%

2.3%

Total

15.0%

1.6%

13.7%

45.0%

24.7%

14.3%

8.5%

27.2%

0.0%

45.0%

5.0%

11.7%

5.5%

24.9%

25.6%

14.4%

8.6%

5.1%

2.3%

2.0%

Report includes attached and detached residential transactions only

Public Record Data Analysis (July 2022) Copyright Metrostudy