HOMESTEAD REAL ESTATE SUMMARY Homestead closed three sales in the first quarter of 2015, down from five sales in Q1 2014. Despite fewer transactions, total sales dollar volume was up 8% to $2.1M, driven by a single family home sale for $1.3M. Overall, price-per-square-foot in this locals' neighborhood has increased since last year. Homestead is historically more active in the spring and summer. As the market has continued to improve and inventory remains low, we expect increased activity in Q2.