2^ND QUARTER – SEA ISLE CITY, NJ – 2011 – STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

- APRIL 0 1

- MAY 0 0

- JUNE 0 0

NEW CONSTRUCTION SALES – RESIDENTIAL 2^ND QTR = (0)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

- APRIL 1 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 2

- MAY 0 1

- JUNE 1 1

(1) (4)

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

- APRIL 13 17

- MAY 12 18

- JUNE 11 12

(36) (47)

ORIGINAL List Price REDUCED List Price SOLD Price DAYS on Market

APRIL $561,800. $543,582. $515,668. 173

MAY 765,122. 704,683. 661,944. 212

JUNE 642,858. 616,192. 579,444. 225

($1,969,780.) ($1,864,457.) ($1,757,056.) (610)

2^ND QUARTER

AVERAGE: $656,593. $621,486. $585,685. 203

- Difference between ORIGINAL List Price and SOLD Price = (11%)

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

2^ND QTR CONDO/TOWNHOUSE – NEW CONSTRUCTION – UNDER CONTRACT = (11)

2^ND QTR CONDO/TOWNHOUSE – NEW CONSTRUCTION – COMPARABLE SALES = (10)

SEA ISLE CITY COMPARISON – 2^ND QTR: 2009-2010-2011:

2^ND QTR: 2009 2^ND QTR: 2010 2^ND QTR:2011

CONDO/TOWNSE CONDO/TOWNHSE CONDO/TOWNHSE

UNDER CONTRACT 29 26 36

COMPARABLE SALES 49 51 47

AVERAGE List Price: $698,810. $655,950. $656,593.

AVERAGE SOLD Price: $626,890. $592,253. $585,685.

DAYS on MARKET: 214 176 203

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1^ST QUARTER – SEA ISLE CITY, NJ. – 2011 STATISTICS:

UNDER COMPARABLE AVERAGE AVERAGE DAYS ON

CONTRACT SALES LIST PRICE SOLD PRICE MARKET

CONDO/TOWN: 38 38 $714,707. $633,726. 230