Neighborhood Press Release!!! Residential Real Estate Average Sales Prices for the year 2005. City of White Plains NY Giohomes.com   January 11, 2006 Faithful to my responsibility as a Realtor committed to help my clients understand the activity and impact of real estate, I present you with the Statistics for the Local Real Estate Market for the year 2005. The purpose of this report is to keep you informed of local market values and activity, as well as provide you with reference prices. If you wish to get additional information or need help making sense of the information presented, either for this or previous years, please visit me at www.Giohomes.com. The information includes all Home Sales for the White Plains Post Office and is presented for the whole area and also for the specific zip codes. All data was taken from the Westchester Putnam Multiple Listing System (WPMLS) as of January 10, 2006. For the year beginning Jan 01, 2005 and ending This map can assist you in identifying specific zip code locations in White Plains, New York, Westchester County. Click on map for LARGER view.   Dec 31, 2005, 397 Single Family Homes were sold in White Plains for an average price of $701,782. The average price for houses located in zip code 10606 was $714,174 while their neighbors in 10605 averaged $830,813. For houses located in area code 10607, the average sale price for the year was $581,852, and those in 10604 have an average of $598,827; for houses located in 10603, the average price was $568,778.  The area with the highest activity was 10605 (also the largest area) with 147 houses sold, followed by 10603 with 88. Only one house was sold in area code 10601 and 26 houses in 10604. For the area code 10606, we registered 73 houses sold whereas in area 10607, 44 were sold. (See page 2 for details)   Co-op apartments had a lot of activity in 2005 as well, selling 252 units with an average price of $202,416, followed closely by the Condominium sector with 192 units sold at an average price of $414,881. There were 35 multifamily houses sold with an average price of $660,697. (See page 2 for details) Based on last year’s figures, average prices for single family homes in White Plains has shown an increase of 12.3%, which is slightly higher than last year’s 9.12% rise. A one-digit increase is considered normal and healthy in real estate. The area 10605 has kept this pace, showing a rise of 8.65% in 2005 and 9.86% in 2004. Special attention should be placed on area 10607, which shows a high and rapid price increase of 24.55%, given its last year 0.75% decrease. Another noticeable average price growth is seen in area 10606, totaling 18.58% as well as in 10604, which is up by 12.28%, and 10603, up 15.72%. The average prices for Co-op apartments rose a healthy 22.80%, while Condominium apartments have grown by 32.3%, making up for last year’s 5.49% rise. As a whole, the market closed with very strong numbers, towards the end of the year we noticed a general slow down in business that has the industry talking about perhaps a more modest 2006. Prepared by Giovanni Gonzalez Principal Broker GioHomes Real Estate, LLC. Giovanni@giohomes.com 914.946.1067

Prices for the period 01/01/2005 to 12/31/2005, in $  Bed-rooms White Plains Zip Code 10601 Zip Code                   10603 Zip Code 10604 Zip Code 10605 Zip Code 10606 Zip Code 10607 2 539,130 - 510,000 455,200 707,500 443,333 401,000 3 595,257 - 534,402 591,929 672,316 552,223 567,643 4 737,136 - 623,674 723,750 866,979 715,239 566,294 5 1,006,738 - 596,286 691,500 1,161,775 977,667 1,225,000 6 1,052,550 488,000 572,500 620,000 1,360,833 1,396,667 - 7+ 1,010,100 - - 800,000 1,192,500 932,750 -  Single Family Houses Sold for the period 01/01/2005 to 12/31/2005, in numbers  Bed- Bedrooms White Plains Zip Code 10601 Zip Code 10603 Zip Code 10604 Zip Code 10605 Zip Code 10606 Zip Code 10607 2 23 - 3 5 8 3 4 3 174 - 47 14 62 30 21 4 125 - 29 4 52 23 17 5 42 - 7 1 20 12 2 6 10 1 2 1 3 3 - 7 5 - - 1 2 2 - Totals 379 1 88 26 147 73 44 Co-op Apartments Average Prices for the period 01/01/2005 to 12/31/2005, in $  Bedrooms White Plains Zip Code 10601 Zip Code 10603 Zip Code 10604 Zip Code 10605 Zip Code 10606 Zip Code 10607 Studio 91,873 88,771 75,000 - 94,629 - - 1 169,152 177,677 170,917 - 168,284 128,188 - 2 250,900 274,329 229,379 - 257,494 257,286 - 3 286,093 356,167 258,760 175,000 281,000 259,500 - 4 304,500 - - - 304,500 - -  Condo Apartments Average Prices for the period 01/01/2005 to 12/31/2005, in $ Bedrooms White Plains Zip Code 10601 Zip Code 10603 Zip Code 10604 Zip Code 10605 Zip Code 10606 Zip Code 10607 Studio 183,600 167,000 193,700 - 180,000 - - 1 303,766 290,318 304,444 245,000 319,820 309,980 275,000 2 431,805 448,150 389,741 - 588,0002 476,650 568,325 3 646,539 428,500 568,976 - 1,232,000 468,100 669,667 4 - - - - - - - Multifamily Houses Average Prices for the period 01/01/2005 to 12/2005, in $ White Plains Zip Code 10601 Zip Code 10603 Zip Code 10604 Zip Code 10605   Zip Code 10606 Zip code 10607 660,697 945,500 644,338 672,500 670,000 656,250 532,333