4^TH QUARTER – SEA ISLE CITY, NJ – 2010 STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

OCTOBER 1 2

NOVEMBER 1 2

DECEMBER 1 0

(3) (4)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 1

NOVEMBER 0 0

DECEMBER 0 0

(1)

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 0 0

DECEMBER 0 1

(1)

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 0 0

DECEMBER 0 0

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

OCTOBER 10 10

NOVEMBER 4 12

DECEMBER 4 15

(18) (37)

4^TH QTR - NEW CONSTRUCTION – CONDO/TOWNHOUSE – UNDER CONTRACT = (2)

4^TH QTR - NEW CONSTRUCTION – CONDO/TOWNHOUSE – COMPARABLE SALES = (8)

4^TH QTR

AVERAGE ORIGINAL List Price REDUCED Price SOLD Price DAYS on MKT

OCTOBER $ 562,350. $ 553,390. $ 512,800. 171

NOVEMBER 954,500. 773,875. 694,458. 412

DECEMBER 669,297. 637,204. 596,800. 163

($ 728,716.) ($ 654,823.) ($ 601,353.) (249)

- Difference between ORIGINAL List Price and SOLD Price = (18%)

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

2010 - 1^ST-2^ND-3^RD-4^TH – SEA ISLE CITY,NJ – STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 2 4

2^ND QTR 2 3

3^RD QTR 1 4

4^TH QTR 3 4

(8) (15)

RESIDENTIAL – TOTAL GROSS DOLLARS SOLD = ($15,716,725.)

1^ST QTR = $ 2,915,000.

2^ND QTR = $ 3,887,500.

3^RD QTR = $ 4,379,225.

4^TH QTR = $ 4,535,000………………………………………………($ 15,716,725.)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 0 0

2^ND QTR 0 0

3^RD QTR 1 0

4^TH QTR 0 1

(1) (1)

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 0 0

2^ND QTR 0 0

3^RD QTR 0 0

4^TH QTR 0 1

(1)

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 1 2

2^ND QTR 0 0

3^RD QTR 1 0

4^TH QTR 0 0

(2) (2)

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 35 33

2^ND QTR 26 51

3^RD QTR 33 33

4^TH QTR 18 37

(112) (154)

CONDO/TOWNHOUSE – NEW CONSTRUCTION: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 5 8

2^ND QTR 10 10

3^RD QTR 10 10

4^TH QTR 2 8

(27) (36)

CONDO/TOWNHOUSE

AVERAGE: ORIGINAL LIST PRICE REDUCED PRICE SOLD PRICE DAYS ON MKT

1^ST QTR $ 750,323. $ 733,934. $ 686,741. 191

2^ND QTR 655,950. 626,985. 592,253. 176

3^RD QTR 649,386. 609,616. 558,203. 207

4^TH QTR 728,716. 654,823. 601,353. 249

2010- AVERAGE: ($ 696,094.) ($ 656,339.) ($ 609,637.) (206)

- Difference between ORIGINAL List Price and SOLD Price = (13%)

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

2010 – CONDO/TOWNHOUSE – TOTAL GROSS DOLLARS SOLD = ($ 94,292,450.)

1^ST QTR $ 22,598,500.

2^NDQTR 30,603,950.

3^RD QTR 18,586,500.

4^TH QTR 22,503,500………………………………….($ 94,292,450.)

2010 – TOTAL SALES – SEA ISLE CITY, NJ: (ALL CLASSES) = (173):

RESIDENTIAL 15

LOTS/LAND 1

COMMERCIAL 1

MULTI-FAMILY 2

CONDO/TWONHOUSE 154