Comparable Market Analysis Overview & Recommendation

Detailed CMAaccompanied in attachments

Subject property is located in aprime ski-in/ski-out complexon Snowmass Mountain.With great onsiteamenities for winter and summer seasons.

Our Comparable Market Analysis considered listed / sold properties within thelast 12 months that are in ski-in/ski-out properties on Snowmass Mountain and have similar traits;

- Square Footage between 1344 - 2175

- Quality of Average and Good

- Similar HOAAmenities

- Adjustments for immediatecomplex comparables sold prior to the last 6 months

Our analysis concluded an average list price of $1,582.75 / sq foot..We believe thelist price for the subject property should be above the comparative average list price,and apply a premium for thehighly desirable location and lack of inventory of direct