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=774605 5/23/2007 10/7/2007 543099 429000 2241 Addison Ave East Palo Alto 1050 -21.0088768346103 408.571428571429 0.37534246575342 -46.6512020101929 http://redfin.com/stingray/do/printable-listing?listing-id=979673 12/29/2006 10/7/2007 1250000 888000 2318 Flores St San Mateo 2304 -28.96 385.416666666667 0.77260273972603 -35.7613545055836 http://redfin.com/stingray/do/printable-listing?listing-id=1165652 7/24/2007 10/7/2007 688937 649900 1139 Cleveland Redwood City 1180 -5.66626556564679 550.762711864407 0.20547945205479 -24.7142351845729 http://redfin.com/stingray/do/printable-listing?listing-id=1001707 6/21/2007 10/7/2007 476469 439000 2632 Meath Dr South San Francisco 1040 -7.8638904104989 422.115384615385 0.2958904109589 -24.1795886910069 http://redfin.com/stingray/do/printable-listing?listing-id=1152881 5/20/2004 10/7/2007 1984091 862000 645 Bermuda San Mateo 1240 -56.5544120708173 695.161290322581 3.38356164383562 -21.8379230159959 http://redfin.com/stingray/do/printable-listing?listing-id=1011317 11/1/2006 10/7/2007 585000 475950 2251 Poplar Ave East Palo Alto 1010 -18.6410256410256 471.237623762376 0.93150684931507 -19.8658505555976 http://redfin.com/stingray/do/printable-listing?listing-id=1156294 7/6/2006 10/7/2007 650000 500000 1110 Bayswater Ave #206 Burlingame 1245 -23.0769230769231 401.606425702811 1.25479452054795 -18.8677319919887 http://redfin.com/stingray/do/printable-listing?listing-id=1093293 6/9/2006 10/7/2007 380000 289000 376 Imperial Way #201 Daly City 717 -23.9473684210526 403.068340306834 1.32876712328767 -18.6178277166262 http://redfin.com/stingray/do/printable-listing?listing-id=811413 3/22/2007 10/7/2007 234737 209900 368 Imperial Way #247 Daly City 483 -10.5807776362482 434.575569358178 0.54520547945205 -18.5453369241107 http://redfin.com/stingray/do/printable-listing?listing-id=978286 5/23/2006 10/7/2007 2050000 1599999 222 6th Ave #102 San Mateo 1911 -21.9512682926829 837.257456828886 1.37534246575342 -16.4896872423406 http://redfin.com/stingray/do/printable-listing?listing-id=994175 1/4/2007 10/7/2007 409500 359000 1124 Mello St East Palo Alto 530 -12.3321123321123 677.358490566038 0.75616438356164 -15.9749676344582 http://redfin.com/stingray/do/printable-listing?listing-id=817406 9/11/2006 10/7/2007 600000 499000 1 Appian Way #713-8 South San Francisco 1130 -16.8333333333333 441.592920353982 1.07123287671233 -15.8077026967824 http://redfin.com/stingray/do/printable-listing?listing-id=1098152 2/17/2006 10/7/2007 586000 450000 3550 Carter Dr #134 South San Francisco 1644 -23.2081911262799 273.722627737226 1.63561643835616 -14.9091929679813 http://redfin.com/stingray/do/printable-listing?listing-id=1047417 10/14/2005 10/7/2007 575000 419999 3875 Carter Dr #204 South San Francisco 1105 -26.9566956521739 380.089592760181 1.98082191780822 -14.6644863905265 http://redfin.com/stingray/do/printable-listing?listing-id=1047450 4/14/2006 10/7/2007 1070000 850000 2545 Shannon Dr South San Francisco 2140 -20.5607476635514 397.196261682243 1.48219178082192 -14.3837777413469 http://redfin.com/stingray/do/printable-listing?listing-id=994486 6/13/2006 10/7/2007 598000 489000 1543 Marina Ct. #B San Mateo 1045 -18.2274247491639 467.942583732057 1.31780821917808 -14.1612116322352 http://redfin.com/stingray/do/printable-listing?listing-id=1001689 8/15/2005 10/7/2007 600000 445000 1028 Alberni St East Palo Alto 980 -25.8333333333333 454.081632653061 2.14520547945205 -13.0044457131944 http://redfin.com/stingray/do/printable-listing?listing-id=828183 3/15/2006 10/7/2007 640000 525000 110 Knoll Dr South San Francisco 750 -17.96875 700 1.56438356164384 -11.8924639082569 http://redfin.com/stingray/do/printable-listing?listing-id=800116 8/11/2006 10/7/2007 507500 439000 397 Imperial Way #143 Daly City 1065 -13.4975369458128 412.206572769953 1.15616438356164 -11.7866924202472

http://redfin.com/stingray/do/printable-listing?listing-id=1187250 7/3/2006 10/7/2007 695000 599000 335 Barbara Daly City 1450 -13.8129496402878 413.103448275862 1.26301369863014 -11.1032748305826 http://redfin.com/stingray/do/printable-listing?listing-id=894380 5/1/2006 10/7/2007 720000 612000 808 Kathryne Ave San Mateo 820 -15 746.341463414634 1.43561643835616 -10.7032398712232 http://redfin.com/stingray/do/printable-listing?listing-id=895830 6/27/2006 10/7/2007 799000 699000 751 Pierce St San Mateo 1220 -12.5156445556946 572.950819672131 1.27945205479452 -9.92304573340786 http://redfin.com/stingray/do/printable-listing?listing-id=651877 8/11/2005 10/7/2007 720000 579000 718 Idaho St #1 San Mateo 1450 -19.5833333333333 399.310344827586 2.15616438356164 -9.61408041360277 http://redfin.com/stingray/do/printable-listing?listing-id=1012971 12/14/2005 10/7/2007 870500 725000 321 S Grant St San Mateo 940 -16.7145318782309 771.276595744681 1.81369863013699 -9.59236893233957 http://redfin.com/stingray/do/printable-listing?listing-id=1087490 12/22/2006 10/7/2007 915000 850000 1906 Alameda De Pulgas Ln Redwood City 1030 -7.10382513661202 825.242718446602 0.79178082191781 -8.88664544647104 http://redfin.com/stingray/do/printable-listing?listing-id=1123633 6/15/2005 10/7/2007 740000 599000 737 Larch Glens South San Francisco 970 -19.0540540540541 617.525773195876 2.31232876712329 -8.73638968705773 http://redfin.com/stingray/do/printable-listing?listing-id=731104 7/14/2006 10/7/2007 278000 249000 368 Imperial Way #348 Daly City 483 -10.431654676259 515.527950310559 1.23287671232877 -8.54824907532321 http://redfin.com/stingray/do/printable-listing?listing-id=1144532 7/25/2006 10/7/2007 665000 598950 380 2nd Ave Redwood City 1080 -9.93233082706767 554.583333333333 1.2027397260274 -8.33004679393831 http://redfin.com/stingray/do/printable-listing?listing-id=958039 4/4/2006 10/7/2007 850000 749999 2414 Olympic Dr South San Francisco 1480 -11.7648235294118 506.756081081081 1.50958904109589 -7.95687300445637 http://redfin.com/stingray/do/printable-listing?listing-id=851216 9/12/2005 10/7/2007 525000 449000 2829 Curtis Ave Redwood City 830 -14.4761904761905 540.963855421687 2.06849315068493 -7.28117792554754 http://redfin.com/stingray/do/printable-listing?listing-id=1119086 1/27/2005 10/7/2007 530000 433000 431 Douglas Ave Redwood City 730 -18.3018867924528 593.150684931507 2.69315068493151 -7.23092101457442 http://redfin.com/stingray/do/printable-listing?listing-id=1037670 1/27/2006 10/7/2007 675000 595000 3601 Bettman Way South San Francisco 1400 -11.8518518518519 425 1.69315068493151 -7.17988628794023 http://redfin.com/stingray/do/printable-listing?listing-id=787049 1/5/2006 10/7/2007 535000 470000 4238 George Ave #1 San Mateo 1040 -12.1495327102804 451.923076923077 1.75342465753425 -7.1212111976658 http://redfin.com/stingray/do/printable-listing?listing-id=887651 9/1/2005 10/7/2007 695000 600000 747 Cottage Grove Ave San Mateo 820 -13.6690647482014 731.707317073171 2.0986301369863 -6.76408697052042 http://redfin.com/stingray/do/printable-listing?listing-id=704595 6/13/2005 10/7/2007 700000 599000 171 Northwood Dr South San Francisco 1060 -14.4285714285714 565.094339622642 2.31780821917808 -6.50168395056526 http://redfin.com/stingray/do/printable-listing?listing-id=522125 12/29/2004 10/7/2007 1200000 999000 740 Promontory Point Ln #3209 Foster City 2264 -16.75 441.254416961131 2.77260273972603 -6.39806422811225 http://redfin.com/stingray/do/printable-listing?listing-id=880654 9/2/2005 10/7/2007 685000 599000 1522 2nd Ave San Mateo 970 -12.5547445255474 617.525773195876 2.0958904109589 -6.2004064930063 http://redfin.com/stingray/do/printable-listing?listing-id=1056347 3/23/2007 10/7/2007 510000 493000 2760 Kilconway Ln South San Francisco 1040 -3.33333333333333 474.038461538462 0.54246575342466 -6.05825075190772 http://redfin.com/stingray/do/printable-listing?listing-id=1047611 11/4/2005 10/7/2007 635000 565000 1183 Saratoga Ave East Palo Alto 1440 -11.0236220472441 392.361111111111 1.92328767123288 -5.89217286957439

http://redfin.com/stingray/do/printable-listing?listing-id=986899 8/30/2006 10/7/2007 775000 725000 597 Gellert Blvd Daly City 1264 -6.45161290322581 573.575949367089 1.1041095890411 -5.86147871893377 http://redfin.com/stingray/do/printable-listing?listing-id=1177936 9/7/2005 10/7/2007 660000 589000 280 Village Way South San Francisco 1160 -10.7575757575758 507.758620689655 2.08219178082192 -5.31934692120549 http://redfin.com/stingray/do/printable-listing?listing-id=1126984 6/8/2005 10/7/2007 633000 559000 300 Hillside Blvd South San Francisco 990 -11.6903633491311 564.646464646465 2.33150684931507 -5.19254552903891 http://redfin.com/stingray/do/printable-listing?listing-id=1001512 4/28/2006 10/7/2007 591500 549000 1150 Woodside Rd Redwood City 1296 -7.18512256973796 423.611111111111 1.44383561643836 -5.03316618202648 http://redfin.com/stingray/do/printable-listing?listing-id=1143341 9/22/2006 10/7/2007 765000 725000 14 Capay Cir South San Francisco 1290 -5.22875816993464 562.015503875969 1.04109589041096 -5.02763934288354 http://redfin.com/stingray/do/printable-listing?listing-id=1047996 11/15/2005 10/7/2007 485000 440000 240 N Bayshore Blvd #311 San Mateo 1020 -9.27835051546392 431.372549019608 1.89315068493151 -5.01345899948691 http://redfin.com/stingray/do/printable-listing?listing-id=970101 6/23/2006 10/7/2007 800000 749888 3961 Chatham Ct South San Francisco 1820 -6.264 412.026373626374 1.29041095890411 -4.88939061162604 http://redfin.com/stingray/do/printable-listing?listing-id=1064156 1/3/2006 10/7/2007 830000 759950 1349 Isabelle Cir South San Francisco 1580 -8.43975903614458 480.981012658228 1.75890410958904 -4.88937926064317 http://redfin.com/stingray/do/printable-listing?listing-id=849042 1/23/2007 10/7/2007 460620 444900 930 Mission Rd. #38 South San Francisco 1060 -3.41279145499544 419.716981132076 0.7041095890411 -4.81197143859888 http://redfin.com/stingray/do/printable-listing?listing-id=1022860 5/27/2005 10/7/2007 750000 669000 18 S Rochester St San Mateo 1050 -10.8 637.142857142857 2.36438356164384 -4.71881459511805 http://redfin.com/stingray/do/printable-listing?listing-id=985068 8/2/2005 10/7/2007 750000 680000 2724 Hosmer St San Mateo 1100 -9.33333333333333 618.181818181818 2.18082191780822 -4.39338773072311 http://redfin.com/stingray/do/printable-listing?listing-id=893409 8/25/2005 10/7/2007 505000 459900 366 Imperial Way #5 Daly City 1048 -8.93069306930693 438.835877862595 2.11780821917808 -4.32113157131612 http://redfin.com/stingray/do/printable-listing?listing-id=1018748 6/10/2005 10/7/2007 717500 649000 131 Nottingham Ave Redwood City 920 -9.54703832752613 705.434782608696 2.32602739726027 -4.22208177291705 http://redfin.com/stingray/do/printable-listing?listing-id=1073728 9/26/2006 10/7/2007 700000 670000 222 Longford Dr South San Francisco 1380 -4.28571428571429 485.507246376812 1.03013698630137 -4.16298166367776 http://redfin.com/stingray/do/printable-listing?listing-id=1077751 4/28/2006 10/7/2007 850000 799888 2335 Erin Pl South San Francisco 1480 -5.89552941176471 540.464864864865 1.44383561643836 -4.12122575810561 http://redfin.com/stingray/do/printable-listing?listing-id=1054565 12/22/2005 10/7/2007 570000 529000 2737 Marlborough Ave Redwood City 680 -7.19298245614035 777.941176470588 1.79178082191781 -4.08054009090292 http://redfin.com/stingray/do/printable-listing?listing-id=571546 8/19/2005 10/7/2007 545000 499000 3885 Carter Dr #306 South San Francisco 1090 -8.44036697247706 457.798165137615 2.13424657534247 -4.04746529878829 http://redfin.com/stingray/do/printable-listing?listing-id=1074104 7/7/2006 10/7/2007 788000 749000 218 Carnelian Rd South San Francisco 1580 -4.9492385786802 474.050632911392 1.25205479452055 -3.97298644637959 http://redfin.com/stingray/do/printable-listing?listing-id=526081 3/16/2004 10/7/2007 460000 399000 2793 Blenheim Ave Redwood City 800 -13.2608695652174 498.75 3.56164383561644 -3.91564236390088 http://redfin.com/stingray/do/printable-listing?listing-id=988117 11/10/2005 10/7/2007 700000 649000 981 Patricia Ave San Mateo 1000 -7.28571428571428 649 1.90684931506849 -3.88949127232693

http://redfin.com/stingray/do/printable-listing?listing-id=1133490 11/29/2005 10/7/2007 717000 667000 1340 Windermere AVe Menlo Park 1420 -6.97350069735007 469.718309859155 1.85479452054795 -3.8222746536629 http://redfin.com/stingray/do/printable-listing?listing-id=1067281 4/20/2005 10/7/2007 460000 419000 3550 Carter Dr. #93 South San Francisco 877 -8.91304347826087 477.765108323831 2.46575342465753 -3.71531074212779 http://redfin.com/stingray/do/printable-listing?listing-id=1049707 1/6/2006 10/7/2007 850000 799000 1016 Bermuda Dr San Mateo 1240 -6 644.354838709678 1.75068493150685 -3.47262513022154 http://redfin.com/stingray/do/printable-listing?listing-id=1045673 7/17/2007 10/7/2007 544303 540000 1148 Woodside Rd Redwood City 1296 -0.79055232104177 416.666666666667 0.22465753424658 -3.47122651073007 http://redfin.com/stingray/do/printable-listing?listing-id=675890 3/30/2005 10/7/2007 630000 579000 1095 Montgomery Ave San Bruno 853 -8.0952380952381 678.780773739742 2.52328767123288 -3.29018588325114 http://redfin.com/stingray/do/printable-listing?listing-id=1134094 9/23/2005 10/7/2007 542000 515000 1400 El Camino Real #233 South San Francisco 1190 -4.98154981549815 432.773109243698 2.03835616438356 -2.47571667768923 http://redfin.com/stingray/do/printable-listing?listing-id=1137437 6/24/2004 10/7/2007 650000 599000 1145 Henderson Ave Menlo Park 1470 -7.84615384615385 407.482993197279 3.28767123287671 -2.45473808676765 http://redfin.com/stingray/do/printable-listing?listing-id=1080073 3/18/2005 10/7/2007 735000 690000 3170 Fasman Dr San Bruno 1190 -6.12244897959184 579.831932773109 2.55616438356164 -2.441334408648 http://redfin.com/stingray/do/printable-listing?listing-id=1121250 1/6/2005 10/7/2007 530000 499000 350 Michele Ln Daly City 1270 -5.84905660377358 392.913385826772 2.75068493150685 -2.16729300364431 http://redfin.com/stingray/do/printable-listing?listing-id=1114606 10/2/2005 10/7/2007 730000 699000 1008 Holly St San Carlos 1020 -4.24657534246575 685.294117647059 2.01369863013699 -2.13187707695209 http://redfin.com/stingray/do/printable-listing?listing-id=786582 1/20/2006 10/7/2007 455000 438700 453 E Okeefe St #206 East Palo Alto 1061 -3.58241758241758 413.477851083883 1.71232876712329 -2.10799068728619 http://redfin.com/stingray/do/printable-listing?listing-id=746018 8/25/2006 10/7/2007 670000 655000 1611 Shoreview Ave San Mateo 1020 -2.23880597014925 642.156862745098 1.11780821917808 -2.0052359972643 http://redfin.com/stingray/do/printable-listing?listing-id=958274 7/28/2005 10/7/2007 475000 455000 320 Peninsula Ave San Mateo 930 -4.21052631578947 489.247311827957 2.19452054794521 -1.94113057187949 http://redfin.com/stingray/do/printable-listing?listing-id=872184 10/6/2005 10/7/2007 780000 750000 759 Arleen Way Pacifica 1130 -3.84615384615385 663.716814159292 2.0027397260274 -1.93930181604646 http://redfin.com/stingray/do/printable-listing?listing-id=734361 10/20/2005 10/7/2007 725000 699000 247 Bonita Ln Foster City 1370 -3.58620689655172 510.21897810219 1.96438356164384 -1.84197819045007 http://redfin.com/stingray/do/printable-listing?listing-id=845195 9/30/2005 10/7/2007 674000 650000 800 Vine Ct San Mateo 1060 -3.56083086053412 613.207547169811 2.01917808219178 -1.7796425992143 http://redfin.com/stingray/do/printable-listing?listing-id=884046 4/29/2005 10/7/2007 265000 255000 370 Imperial Way #347 Daly City 483 -3.77358490566038 527.950310559006 2.44109589041096 -1.56342873780206 http://redfin.com/stingray/do/printable-listing?listing-id=778398 9/27/2005 10/7/2007 505000 489900 447 Oak Ave Redwood City 950 -2.99009900990099 515.684210526316 2.02739726027397 -1.48619097611924 http://redfin.com/stingray/do/printable-listing?listing-id=1115999 9/8/2006 10/7/2007 1165000 1149000 3290 Longview Dr San Bruno 2316 -1.37339055793991 496.113989637306 1.07945205479452 -1.27294968644306 http://redfin.com/stingray/do/printable-listing?listing-id=663578 9/21/2006 10/7/2007 830097 819900 1638 Roberta Dr San Mateo 1860 -1.22841065562217 440.806451612903 1.04383561643836 -1.17712870261234

http://redfin.com/stingray/do/printable-listing?listing-id=1123639 7/15/2005 10/7/2007 1025000 999000 885 Parrott Dr San Mateo 1440 -2.53658536585366 693.75 2.23013698630137 -1.14547565229255 http://redfin.com/stingray/do/printable-listing?listing-id=1192425 7/14/2005 10/7/2007 717000 699000 1181 Elmer St Belmont 1090 -2.51046025104602 641.284403669725 2.23287671232877 -1.13221173829776 http://redfin.com/stingray/do/printable-listing?listing-id=549173 1/11/2005 10/7/2007 772500 749000 15 Escanyo Dr South San Francisco 1110 -3.042071197411 674.774774774775 2.73698630136986 -1.12237795439429 http://redfin.com/stingray/do/printable-listing?listing-id=1021912 8/5/2005 10/7/2007 764000 748000 3901 Branson Dr San Mateo 1490 -2.09424083769634 502.013422818792 2.17260273972603 -0.96943883440962 http://redfin.com/stingray/do/printable-listing?listing-id=796075 6/29/2004 10/7/2007 565500 549500 830 Circle Ct South San Francisco 890 -2.82935455349248 617.415730337079 3.27397260273973 -0.87282592149517 http://redfin.com/stingray/do/printable-listing?listing-id=1135820 7/29/2005 10/7/2007 790000 775000 3231 Geoffrey Dr San Bruno 2050 -1.89873417721519 378.048780487805 2.19178082191781 -0.87081368354238 http://redfin.com/stingray/do/printable-listing?listing-id=1109214 8/18/2005 10/7/2007 473000 465000 320 Peninsula Ave #404 San Mateo 930 -1.69133192389006 500 2.13698630136986 -0.79504875818701 http://redfin.com/stingray/do/printable-listing?listing-id=1013374 3/1/2006 10/7/2007 900000 889900 3570 Oak Knoll Dr Redwood city 910 -1.12222222222222 977.912087912088 1.6027397260274 -0.70167510393585 http://redfin.com/stingray/do/printable-listing?listing-id=1101243 8/31/2005 10/7/2007 492000 485000 303 Philip Dr #306 Daly City 1237 -1.42276422764228 392.077607113985 2.1013698630137 -0.67960796175527 http://redfin.com/stingray/do/printable-listing?listing-id=1191788 6/6/2005 10/7/2007 660000 650000 1008 Patricia San Mateo 1000 -1.51515151515152 650 2.33698630136986 -0.65116811095394 http://redfin.com/stingray/do/printable-listing?listing-id=1128710 9/19/2005 10/7/2007 530000 525000 930 Mission Rd #25 South San Francisco 1046 -0.94339622641509 501.912045889101 2.04931506849315 -0.46146425859509 http://redfin.com/stingray/do/printable-listing?listing-id=636012 5/31/2006 10/7/2007 2000000 1998000 123 Fey Dr Burlingame 3520 -0.1 567.613636363636 1.35342465753425 -0.073896290876074 http://redfin.com/stingray/do/printable-listing?listing-id=1191533 3/10/2005 10/7/2007 1380000 1379000 3700 Kingridge Dr San Mateo 2050 -0.072463768115942 672.682926829268 2.57808219178082 -0.028113861409962 http://redfin.com/stingray/do/printable-listing?listing-id=978204 11/23/2005 10/7/2007 600000 599950 1111 Sevier Ave Menlo Park 1020 -0.008333333333333 588.186274509804 1.87123287671233 -0.004453478296507 http://redfin.com/stingray/do/printable-listing?listing-id=972418 1/6/2006 10/7/2007 590000 590000 3550 Carter Dr. #26 South San Francisco 1644 0 358.880778588808 1.75068493150685 0 http://redfin.com/stingray/do/printable-listing?listing-id=792841 4/19/2005 10/7/2007 671000 671000 327 Michele Ln Daly City 1450 0 462.758620689655 2.46849315068493 0 http://redfin.com/stingray/do/printable-listing?listing-id=1103254 7/15/2005 10/7/2007 540000 540000 303 Philip Dr #305 Daly City 1242 0 434.782608695652 2.23013698630137 0 http://redfin.com/stingray/do/printable-listing?listing-id=1168660 9/15/2006 10/7/2007 730000 730000 338 E Redwood City 980 0 744.897959183674 1.06027397260274 0 http://redfin.com/stingray/do/printable-listing?listing-id=1056077 5/31/2006 10/7/2007 550000 550000 1 Mandalay Pl #1102 South San Francisco 935 0 588.235294117647 1.35342465753425 0 http://redfin.com/stingray/do/printable-listing?listing-id=1122823 6/7/2006 10/7/2007 480000 480000 3550 Carter Dr #139 South San Francisco 877 0 547.320410490308 1.33424657534247 0

http://redfin.com/stingray/do/printable-listing?listing-id=757311 7/29/2005 10/7/2007 649000 649000 1953 Ivy St San Mateo 820 0 791.463414634146 2.19178082191781 0 http://redfin.com/stingray/do/printable-listing?listing-id=996531 11/30/2004 10/7/2007 378000 378000 371 Imperial Way #210 Daly City 817 0 462.668298653611 2.85205479452055 0 Averages 701939.138613861 630129.435643564 1200.47524752475 -9.19550839655004 537.378750219697 1.77694289976943 -6.73354467066055