Redfin Listing Last Sale Date Current Date Last Sale Price Current Listing Price Address City Size in Square Feet Percentage of Loss Price Per Square Foot Years since Last Sale Percentage of Annualized Loss http://redfin.com/stingray/do/printable-listing?listing-id=1208493 9/21/2007 10/21/2007 796782 499900 1 Mandalay Pl #807 South San Francisco 830 -37.260128868373 602.289156626506 0.082191780821918 -99.6558238769536 http://redfin.com/stingray/do/printable-listing?listing-id=1223178 9/28/2007 10/21/2007 656226 607900 307 Aviador Millbrae 930 -7.36423122521814 653.655913978495 0.063013698630137 -70.297529568153 http://redfin.com/stingray/do/printable-listing?listing-id=1209378 9/26/2007 10/21/2007 488750 460000 2222 Poplar East Palo Alto 970 -5.88235294117647 474.226804123711 0.068493150684932 -58.7335134253881 http://redfin.com/stingray/do/printable-listing?listing-id=1227141 9/24/2007 10/21/2007 709206 678000 508 4th Ave San Bruno 2430 -4.40013197857886 279.012345679012 0.073972602739726 -45.5733568013037 http://redfin.com/stingray/do/printable-listing?listing-id=1207336 8/31/2007 10/21/2007 433574 399900 1312 Shelter Creek Ln #1312 San Bruno 1000 -7.76660962142564 399.9 0.13972602739726 -43.9327218064166 http://redfin.com/stingray/do/printable-listing?listing-id=1218842 6/26/2007 10/21/2007 737837 639900 15 Bacon Ct. Daly City 1240 -13.273527893017 516.048387096774 0.32054794520548 -35.8710118647826 http://redfin.com/stingray/do/printable-listing?listing-id=1217884 5/21/2007 10/21/2007 242565 209900 2235 Shelter Crk San Bruno 490 -13.4664935172016 428.367346938776 0.41917808219178 -29.1816900896481 http://redfin.com/stingray/do/printable-listing?listing-id=1201286 8/2/2006 10/21/2007 380000 273000 375 Mandarin Dr #105 Daly City 717 -28.1578947368421 380.753138075314 1.21917808219178 -23.75725096642 http://redfin.com/stingray/do/printable-listing?listing-id=1205205 11/30/2006 10/21/2007 750000 625000 597 Skyline Dr Daly City 1150 -16.6666666666667 543.478260869565 0.89041095890411 -18.5158067997377 http://redfin.com/stingray/do/printable-listing?listing-id=1224342 7/3/2007 10/21/2007 475000 449000 3201 Admiralty Foster City 998 -5.47368421052632 449.899799599198 0.3013698630137 -17.0379418268971 http://redfin.com/stingray/do/printable-listing?listing-id=1217724 6/22/2006 10/21/2007 730000 579000 144 Huntington Dr Daly City 1130 -20.6849315068493 512.389380530973 1.33150684931507 -15.9740881392691 http://redfin.com/stingray/do/printable-listing?listing-id=1227455 10/2/2006 10/21/2007 730000 649000 1008 Holly St San Carlos 1020 -11.0958904109589 636.274509803922 1.05205479452055 -10.5770193616696 http://redfin.com/stingray/do/printable-listing?listing-id=1205719 4/27/2006 10/21/2007 760000 650000 38 Belcrest Daly City 1060 -14.4736842105263 613.207547169811 1.48493150684932 -9.99350983711617 http://redfin.com/stingray/do/printable-listing?listing-id=1222359 12/20/2006 10/21/2007 630000 580000 372 Michelle Daly City 1270 -7.93650793650794 456.692913385827 0.83561643835616 -9.4220100180334 http://redfin.com/stingray/do/printable-listing?listing-id=1223581 2/17/2006 10/21/2007 612000 529000 220 Armour South San Francisco 750 -13.562091503268 705.333333333333 1.67397260273973 -8.3382172134356 http://redfin.com/stingray/do/printable-listing?listing-id=1208448 5/30/2006 10/21/2007 410000 370000 1126 Cherry Ave #71 San Bruno 650 -9.75609756097561 569.230769230769 1.39452054794521 -7.09683829569678 http://redfin.com/stingray/do/printable-listing?listing-id=1218832 6/3/2005 10/21/2007 368000 310000 361 Half Moon Ln #109 Daly City 717 -15.7608695652174 432.357043235704 2.38356164383562 -6.94278003767131 http://redfin.com/stingray/do/printable-listing?listing-id=1229565 7/29/2005 10/21/2007 600000 525000 2498 E. Illinois St East Palo Alto 970 -12.5 541.237113402062 2.23013698630137 -5.81185580764745 http://redfin.com/stingray/do/printable-listing?listing-id=1199430 11/4/2005 10/21/2007 635000 565000 1183 Saratoga East Palo Alto 1440 -11.0236220472441 392.361111111111 1.96164383561644 -5.78035930157182

http://redfin.com/stingray/do/printable-listing?listing-id=1218133 7/28/2005 10/21/2007 655000 575000 1006 Hillside South San Francisco 990 -12.2137404580153 580.808080808081 2.23287671232877 -5.66704872749872 http://redfin.com/stingray/do/printable-listing?listing-id=1210663 9/6/2007 10/21/2007 785072 779900 1647 Roberta Dr San Mateo 1760 -0.65879307885137 443.125 0.12328767123288 -5.22004365018514 http://redfin.com/stingray/do/printable-listing?listing-id=1218846 6/17/2005 10/21/2007 1350000 1199000 1324 Montera Ave Burlingame 1500 -11.1851851851852 799.333333333333 2.34520547945206 -4.93205976158866 http://redfin.com/stingray/do/printable-listing?listing-id=1230427 7/20/2006 10/21/2007 735000 690000 425 Patricia Ave San Mateo 1000 -6.12244897959184 690 1.25479452054795 -4.91034456563795 http://redfin.com/stingray/do/printable-listing?listing-id=1215402 4/27/2005 10/21/2007 790000 699000 1335 Lerida Way Pacifica 1660 -11.5189873417722 421.084337349398 2.48493150684932 -4.80566278278275 http://redfin.com/stingray/do/printable-listing?listing-id=1205872 11/28/2005 10/21/2007 487500 449000 146 Mission East Palo Alto 1510 -7.8974358974359 297.350993377483 1.8958904109589 -4.24645052850685 http://redfin.com/stingray/do/printable-listing?listing-id=1220001 7/26/2005 10/21/2007 660000 599000 186 Marbly Daly city 1160 -9.24242424242424 516.379310344828 2.23835616438356 -4.24005034830705 http://redfin.com/stingray/do/printable-listing?listing-id=1220994 4/21/2005 10/21/2007 900000 810000 1656 Van Buren St San Mateo 1300 -10 623.076923076923 2.5013698630137 -4.12463566407904 http://redfin.com/stingray/do/printable-listing?listing-id=1219995 10/17/2005 10/21/2007 812000 749000 913 Newman South San Francisco 2310 -7.75862068965517 324.242424242424 2.01095890410959 -3.93648705790876 http://redfin.com/stingray/do/printable-listing?listing-id=1197336 9/1/2005 10/21/2007 865000 799000 400 Park South San Francisco 1640 -7.63005780346821 487.19512195122 2.13698630136986 -3.64591711261104 http://redfin.com/stingray/do/printable-listing?listing-id=1202297 6/15/2006 10/21/2007 795000 758000 678 San Benito Menlo Park 1250 -4.65408805031446 606.4 1.35068493150685 -3.46696071420424 http://redfin.com/stingray/do/printable-listing?listing-id=1226382 7/27/2005 10/21/2007 539000 498950 554 Stanford Redwood City 760 -7.430426716141 656.513157894737 2.23561643835616 -3.39466252251357 http://redfin.com/stingray/do/printable-listing?listing-id=1228199 10/31/2005 10/21/2007 880000 823000 1 Mandalay Pl #1011 South San Francisco 1261 -6.47727272727273 652.656621728787 1.97260273972603 -3.33781289360651 http://redfin.com/stingray/do/printable-listing?listing-id=1195605 12/13/2005 10/21/2007 740000 699000 330 Aviador Ave Millbrae 920 -5.54054054054054 759.782608695652 1.85479452054795 -3.02634740666736 http://redfin.com/stingray/do/printable-listing?listing-id=1225769 6/23/2006 10/21/2007 780000 749000 94 Outlook Pacifica 2042 -3.97435897435897 366.797257590597 1.32876712328767 -3.00596703059099 http://redfin.com/stingray/do/printable-listing?listing-id=1197031 5/20/2005 10/21/2007 645000 599888 1375 Alicante Pacifica 1040 -6.99410852713178 576.815384615385 2.42191780821918 -2.9494285073164 http://redfin.com/stingray/do/printable-listing?listing-id=1220524 2/17/2006 10/21/2007 663000 635000 880 Stonegate South San Francisco 1454 -4.22322775263952 436.726272352132 1.67397260273973 -2.54476091542117 http://redfin.com/stingray/do/printable-listing?listing-id=1207527 4/27/2006 10/21/2007 585000 569500 55 W 20th Ave #207 San Mateo 1213 -2.64957264957265 469.497114591921 1.48493150684932 -1.7921176671147 http://redfin.com/stingray/do/printable-listing?listing-id=1227501 4/29/2005 10/21/2007 625000 599000 1092 Montgomery San Bruno 950 -4.16 630.526315789474 2.47945205479452 -1.69908706530405 http://redfin.com/stingray/do/printable-listing?listing-id=1216170 11/18/2005 10/21/2007 715000 699000 99 Teresa St Daly City 1320 -2.23776223776224 529.545454545454 1.92328767123288 -1.16982833985204

http://redfin.com/stingray/do/printable-listing?listing-id=1230555 7/29/2004 10/21/2007 685000 659999 1231 Douglas South San Francisco 1590 -3.64978102189781 415.093710691824 3.23013698630137 -1.14445157841118 http://redfin.com/stingray/do/printable-listing?listing-id=1215160 5/24/2006 10/21/2007 710000 700000 898 Skyline Dr Daly City 1970 -1.40845070422535 355.329949238579 1.41095890410959 -1.00028235288586 http://redfin.com/stingray/do/printable-listing?listing-id=1226073 8/26/2005 10/21/2007 663000 649000 1363 Windmere Menlo Park 1190 -2.11161387631976 545.378151260504 2.15342465753425 -0.9861901541497 http://redfin.com/stingray/do/printable-listing?listing-id=1197573 5/24/2005 10/21/2007 490000 487500 7209 Admiralty Foster City 998 -0.51020408163265 488.476953907816 2.41095890410959 -0.21193552423112 http://redfin.com/stingray/do/printable-listing?listing-id=1212991 10/11/2005 10/21/2007 1000000 998000 840 Paloma Ave Burlingame 1410 -0.2 707.801418439716 2.02739726027397 -0.098698689796983 http://redfin.com/stingray/do/printable-listing?listing-id=1197181 3/20/2005 10/21/2007 1380000 1379000 3700 Kingridge Dr San Mateo 2050 -0.072463768115942 672.682926829268 2.58904109589041 -0.02799487759696 http://redfin.com/stingray/do/printable-listing?listing-id=1227620 1/31/2006 10/21/2007 740000 739900 3954 Haussman South San Francisco 1770 -0.013513513513514 418.022598870056 1.72054794520548 -0.007854414032593 Averages 691728.52173913 634611.673913044 1256.08695652174 -8.63131511344373 522.986006428619 1.55259082787373 -13.0018783889264