2010 – JUNE - SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

RESIDENTIAL – COMPARABLE SALES: JUNE 1, 2010 TO JUNE 30, 2010 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5111 Landis(2)Bed.,(1.5)Bth. $579,000. $549,000. $520,000. 6/17/10 118

5 80^th(4)Bed.,(2.5)Bth. 2,900,000. SAME 2,235,000. 6/7/10 154

(3,479,000.) (3,449,000.) (2,755,000.) (272)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,739,500. List Price = $1,724,500. Price = $1,377,500. Market = 136

- Difference between ORIGINAL List Price and SOLD Price = (21%)

- Difference between ORIGINAL and REDUCED Price = (1%)

LOTS/LAND – UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

LOTS/LAND – COMPARABLE SALES : JUNE 1, 2010 TO JUNE 30, 2010 = (0)

COMMERCIAL – UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

COMMERCIAL – COMPARABLE SALES: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

MULT-FAMILY – UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: June 1, 2010 to June 30, 2010 = (10)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

370 43^rd(3)Bed.,(1)Bth. #A $295,000. $250,000. 220

* 4111 Landis (2)Bed.,(2)Bth. 2ndEast 449,900. 279,900. 456

4315 Landis (3)Bed.,(1)Bth. #2-West 399,000. 299,900. 642

* 4601 Landis (3)Bed.,(2)Bth. “F” 440,000. SAME 39

* 129 36^th(5)Bed.,(3.5)Bth. East 619,000. SAME 53

4607 Central(4)Bed.,(2.5)Bth. South 649,000. SAME 80

* 7804 Central(5)Bed.,(3.5)Bth. South 699,000. 675,000. 104

30 55^th(4)Bed.,(2)Bth. West 825,000. 699,000. 874

27 58^th(4)Bed.,(3/2)Bth. East 1,250,000. 1,199,000. 110

* 2401 Landis(4)Bed.,(4.5)Bth. South 2,100,000. 1,950,000. 96

(5)NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: June 1, 2010 to June 30, 2010 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3900 Pleasure(2)Bed.,(1)Bth. #206 $299,337. SAME $272,500. 6/10/10 86

300 Landis(2)Bed.,(2)Bth. #7-2ndFl 389,900. 369,900. 353,000. 6/18/10 169

3400 Landis(3)Bed.,(2)Bth. #411 399,900. SAME 390,000. 6/16/10 134

* 8605 Landis(4)Bed.,(2.5)Bth. W-A 499,000. SAME 420,000. 6/29/10 96

131 32^nd(3)Bed.,(1.5)Bth. #B 439,000. SAME 425,000. 6/16/10 57

* 4601 Landis(3)Bed.,(2)Bth. #G 440,000. SAME 432,000. 6/14/10 82

* 4601 Landis(3)Bed.,(2.5)Bth. #2D 450,000. SAME 450,000. 6/11/10 25

126 77^th(4)Bed.,(3)Bth. West 624,900. SAME 615,000. 6/16/10 45

13 50^th(4)Bed.,(3.5)Bth. #A 1,150,000. 775,000. 675,000. 6/7/10 453

4804 Pleasure(4)Bed.,(3.5)Bth. No. 789,900. 759,900. 730,000. 6/4/10 74

337 43^rd(4)Bed.,(3.5)Bth. East 799,900. SAME 760,000. 6/29/10 204

* 301 47thPl.(5)Bed.,(3.5)Bth. East 1,199,000. SAME 1,075,000. 6/18/10 367

(4)NEW CONSTRUCTION

(7,480,837.) (7,055,837.) (6,597,500.) (1,792)

Average Original Average Reduced Average Sold Average Days on

List Price = $623,403. List Price = $587,986. Price = $549,792. Market = 149

- Difference between ORIGINAL List Price and SOLD Price = (12%)

- Difference between ORIGINAL List Price and REDUCED Price = (6%)

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 7-10-10) = 308

RESIDENTIAL 20

LOTS/LAND 5

COMMERCIAL 8

MULTI-FAMILY 11

CONDO/TOWNHOUSE 264

2^ND QUARTER – SEA ISLE CITY, NJ – 2010 STATS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

APRIL 0 1

MAY 2 0

JUNE 0 2

(2) (3)

LOTS/LAND UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 0 0

COMMERCIAL UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 0 0

MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 0 0

CONDO/TOWNHOUSE UNDER CONTRACT COMPARABLE SALES

APRIL 10 18

- NEW CONSTRUCTION (3) (3)

MAY 6 21

- NEW CONSTRUCTION (2) (3)

JUNE 10 12

- NEW CONSTRUCTION (5) (4)

TOTAL NEW CONSTRUCTION (10) (10)

TOTAL UNITS (26) (51)

ORIGINAL List Price REDUCED List Price SOLD Price DAYS on Mkt

APRIL $638,994. $607,150. $586,942. 193

MAY 705,452. 685,818. 640,024. 185

JUNE 623,403. 587,986. 549,792. 149

($1,967,849.) ($1,880,954.) ($1,776,758.) (527)

2^ND QTR

AVERAGE ($655,950.) ($626,985.) ($592,253.) (176)

- Difference between ORIGINAL: List Price and SOLD Price = (10%)

- Difference between ORIGINAL List Price and REDUCED Price = (5%)

As Compared to 1^st QTR – Sea Isle City, NJ – 2010:

1^ST QTR – RESIDENTIAL - UNDER CONTRACT = (2) UNITS

1^ST QTR – RESIDENTIAL – COMPARABLE SALES = (4)UNITS

1^ST QTR – LOTS/LAND – UNDER CONTRACT / COMPARABLE SALES = (0)

1^ST QTR – COMMERCIAL – UNDER CONTRACT / COMPARABLE SALES = (0)

1^ST QTR – MULTI-FAMILY – UNDER CONTRACT = (1)

1^ST QTR – MULTI-FAMILY – COMPARABLE SALES = (2)

1^ST QTR – CONDO/TOWNHOUSE – UNDER CONTRACT = (35) UNITS

1^ST QTR – CONDO/TOWNHOUSE – UNDER CONTRACT – New Construction = (5)

1^ST QTR – CONDO/TWONHOUSE – COMPARABLE SALES = (33) UNITS

1^ST QTR – CONDO/TOWNHOUSE – COMPARABLE SALES – New Construction = (8)

AVERAGE - 1^ST QTR – CONDO/TOWNHOUSE – SALE LISTING PRICE = $750,323.

AVERAGE – 1^ST QTR – CONDO/TOWNHOUSE – REDUCED PRICE = $733,934.

AVERAGE – 1^ST QTR – CONDO/TOWNHOUSE – SOLD PRICE = $686,741.

AVERAGE – 1^ST QTR – CONDO/TOWNHOUSE – DAYS ON MARKET = 191