3^RD QUARTER – AVALON,NJ – 2008 STATISTICS:

RESIDENTIAL:                       UNDER CONTRACT                 COMPARABLE SALES:

JULY                                                          7                                                       2

AUGUST                                                   14                                                      4

SEPTEMBER                                            9                                                     13

                                                                 (30)                                                   (19)

                     ORIGINAL List Price      REDUCED List Price    SOLD PRICE  Days on Mkt

JULY           $1,872,500.                         $1,672,499.                       $1,514,500.                     521

AUGUST       2,408,750.                           2,308,750.                         2,050,000.                     302

SEPT.             3,156,461.                           2,896,461.                         2,646,473.                     338

3^RD QUARTER

AVERAGE    $2,479,237.                       $2,292,570.                        $2,070,324.                   387

- Difference between ORIGINAL List Price and SOLD Price = (17%)

- Difference between ORIGINAL List Price and REDUCED Price = (8%)

CONDO-

TOWNHOUSE:                        UNDER CONTRACT                 COMPARABLE SALES:

JULY                                                           17                                                    2

AUGUST                                                     10                                                    7

SEPT.                                                            6                                                     6

                                                                    (33)                                                  (15)

                     ORIGINAL List Price      REDUCED List Price    SOLD Price    Days on Mkt

JULY           $929,500.                             $854,000.                        $760,000.                  187

AUGUST       997,700.                               937,543.                          902,714.                  259

SEPT.          1,130,250.                            1,005,233.                          934,167.                  250

3^RD QUARTER

AVERAGE     $1,019,150.                       $932,259.                        $923,683.                  232

2008 – YEAR-TO-DATE – AVALON,NJ:

RESIDENTIAL:

                    Average Original         Average Reduced      Average Sold       Average Days

                    List Price                      List Price                    Price                    on Market

1^st QTR.    $2,001,137.                     $1,769,702.                 $1,549,630.                  410

2^nd QTR.     2,543,330.                       2,303,546.                   2,023,387.                  335

3^rd QTR.     2,479,237.                        2,292,570.                   2,070,324.                  387

Averages:   $2,341,235.                    $2,121,939.                 $1,881,114.                 377

1^ST QTR. RESIDENTIAL SALES = 25

2^ND QTR. RESIDENTIAL SALES = 16

3^RD QTR. RESIDENTIAL SALES = 19

CONDO/TOWNHOUSE:

                        Average Original         Average Reduced         Average Sold    Average Days

                        List Price                      List Price                       Price                  on Market

1^st QTR.         $821,733.                       $715,534.                       $645,967.                 242

2^ND QTR.      1,077,933.                         925,388.                         873,869.                  373

3^RD QTR.      1,109,150.                         932,259.                         923,683.                  232

Averages:      $1,002,939.                     $857,727.                       $814,506.                 282

1^ST QTR. CONDO/TOWNHOUSE SALES = 6

2^ND QTR. CONDO/TOWNHOUSE SALES = 16

3^RD QTR. CONDO/TOWNHOUSE SALES = 15