ALES ANALYSIS _..i Zorro Ranch S, . LOCATION SQUARE FEET DATE TIME ADJ TIME ADM SALE. LAND VALUE TIMEADJ. IMPV $PER/SQFT 21477 $43,000,000 Jul-09 -19% $34,830,000 $9,500,000 25,330,000 $1,179 13,549 $9,499,500 Apr-10 -19% $7,694,595 $2,750,000 4,944,595 $365 13,544 $12,000,000 Apr-0