March/April 2011 Almaden Valley Market Update

We recently completed a very strong first quarter of 2011, with total sales volume up 29% over 2010. This also marks the best first quarter we have had since 2007.
In comparison to the broader Q1 2011 Bay Area residential environment, APR outperformed the market. Our results were very favorable and show us continuing to increase our market share, per Trendgraphix. In aggregate, comparing Q1 2011 vs. Q1 2010, on closed units, APR was up 23%, while the Bay Area market (6 counties) was up only 1%. APR also dominates average sales price in comparison to the market average.