2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Lakeway  Homes Sold 179 215 247 254 200 241 Avg Sales Price Avg $/Sq.Ft. 109 112 123 131 141 142 $416,620 ADOM 140 141 128 102 80 86 78734 Annual Appreciation -2% 3% 10.0% 6.5% 8.0% 1.0% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Hills of Lkwy Homes Sold 81 86 87 90 62 27 Avg Sales Price Avg $/Sq.Ft. 115 128 134 141 149 152 $501,475 ADOM 217 134 138 142 93 105   Annual Appreciation -6% 11% 5% 5% 6% 2% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Steiner Ranch Homes Sold 176 216 250 265 302 283 Avg Sales Price Avg $/Sq.Ft. 99 91 107 117 135 133 $423,499 ADOM 127 92 75 68 71 76   Annual Appreciation 1% -8% 18% 9% 15% -2% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Lake Pointe** Homes Sold 83 75 73 71 59 66 Avg Sales Price Avg $/Sq.Ft. 106 106 112 125 131 141 $427,163 ADOM 142 100 62 37 55 76   Annual Appreciation 0% 0% 6% 12% 5% 8% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Uplands Homes Sold 17 15 14 14 9 10 Avg Sales Price Avg $/Sq.Ft. 127 143 161 166 141 143 $541,014 ADOM 202 95 85 71 105 109   Annual Appreciation -7% 13% 13% 3% -15% 1% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Cardinal Hills Homes Sold 11 21 32 36 25 23 Avg Sales Price Avg $/Sq.Ft. 107 110 125 130 147 143 $326,779 ADOM 85 95 144 71 93 84   Annual Appreciation 3% 3% 14% 4% 13% -3% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Apache Shores Homes Sold 45 68 65 72 82 58 Avg Sales Price Avg $/Sq.Ft. 97 95 111 122 133 129 $219,515 ADOM 104 111 107 72 88 88   Annual Appreciation 5% 2% 17% 10% 9% -3% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Briarcliff Homes Sold 42 34 37 41 40 44 Avg Sales Price Avg $/Sq.Ft. 93 97 95 108 116 120 $230,708 ADOM 246 157 181 99 87 89   Annual Appreciation -6% 4% -2% 14% 7% 3% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Vineyard Bay Homes Sold 4 3 8 6 0 2 Avg Sales Price Avg $/Sq.Ft. 189 162 189 201 0 208 $932,500 ADOM 137 244 264 282 0 228   Annual Appreciation -26% -14% 17% 6% 0% 0% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Costa Bella Homes Sold 2 4 6 5 5 4 Avg Sales Price Avg $/Sq.Ft. 374 199 248 265 279 255 $1,748,813 ADOM 284 134 339 205 154 181   Annual Appreciation 47% -46% 24% 7% 5% -9% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Alta Vista Homes Sold 14 10 13 11 15 23 Avg Sales Price Avg $/Sq.Ft. 183 179 194 230 157 160 $543,093 ADOM 143 121 238 42 51 88   Annual Appreciation -19% -2% 8% 19% -46% 2% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Arbolago Homes Sold 1 5 2 5 10 9 Avg Sales Price Avg $/Sq.Ft. 228 207 196 225 237 237 $1,232,167 ADOM 202 245 411 258 132 90   Annual Appreciation -13% -9% -50% 15% 5% 0% Subdivision   2003 2004 2005 2006 2007 05/01/2007 Thru 04/30/2008 Bella Montagna Homes Sold     4 4 1 1 Avg Sales Price Avg $/Sq.Ft.     264 199 305 305 $1,400,000 ADOM     121 144 25 25 *Round Mountain Estates Annual Appreciation       -25% 53% 0% Subdivision   2003