2011 – JANUARY – AVALON, NJ:

2011 – JANUARY – SEA ISLE CITY,NJ:

RESIDENTIAL – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (0)

RESIDENTIAL – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

210 55^th St. (3)Bed.,(2)Bth. $800,000. $749,000. $730,000. 1/7/11 174

Average Original Average Reduced Average Sold Average Days on

List Price = $800,000. List Price = $749,000. Price = $730,000. Market = 174

- - Difference between ORIGINAL List Price and SOLD Price = (9%)

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

LOTS/LAND – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (0)

LOTS/LAND – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

COMMERCIAL – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

MULTI-FAMILY – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

10 50^th St. (5/5/4)Bed., (4/3/2.5)Bth. 46x110 $2,599,000. SAME 34

MULTI-FAMILY – COMPARABLE SALES: 1/1/2011 TYO 1/31/2011 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (8)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

113 65^TH (3)Bed.,(2)Bth. #204 $419,000. $409,500. 86

*4601 Landis (3)Bed.,(2)Bth. #C 440,000. SAME 97

227 80^th (4)Bed.,(2)Bth. West 495,000. SAME 93

26 73^rd St. (4)Bed.,(2.5)Bth. East 635,000. 599,000. 13

3605 Landis (5)Bed.,(3)Bth. South 650,000. SAME 116

3204 Landis (4)Bed.,(3.5)Bth. North 699,000. 679,000. 88

*6608 Landis (5)Bed.,(3.5)Bth. North 689,000. SAME 168

7002 Landis (5)Bed.,(4/2)Bth. West 725,000. SAME 123

(2)NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (10)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4315 Landis (3)Bed.,(1)Bth. #2W $399,000. $299,900. $235,000. 1/28/11 869

3510 Central (3)Bed.,(1)Bth. #5 315,000. 299,000. 266,000. 1/22/11 516

125 89^th (3)Bed.,(1.5)Bth. 1^st Fl 474,900. 425,000. 370,000. 1/28/11 277

6310 Emmeus (4)Bed.,(2.5)Bth. So. 675,000. 539,000. 500,000. 1/14/11 399

224 38^th (5)Bed.,(3)Bth. West 549,900. SAME 530,000. 1/28/11 101

138 65^th (4)Bed.,(2.5)Bth. East 649,000. 579,000. 545,000. 1/6/11 238

5110 Central (4)Bed.,(2.5)Bth. No. 610,000. SAME 585,000. 1/31/11 133

5200 Landis (4)Bed.,(3)Bth. No. 730,000. 679,900. 635,000. 1/21/11 294

110 60^th (4)Bed.,(3.5)Bth, East 775,000. 765,000. 731,000. 1/18/11 138

331 47^th Pl (4)Bed.,(3.5)Bth. East 854,900. SAME 855,000. 1/3/11 62

(6,032,700.) (5,601,600.) (5,252,000.) (3,027)

Average Original Average Reduced Average Sold Average Days on

List Price = $603,270. List Price = $560,160. Price = $525,200. Market = 303

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

- - Difference between ORIGINAL List Price and REDUCED Price = (7%)

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 2/4/2011) = 323

RESIDENTIAL 17

LOTS/LAND 8

COMMERCIAL 4

MULTI-FAMILY 11

CONDO/TOWNHOUSE 283

2011 – FEBRUARY – SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

21 46^th (5)Bed.,(4/2)Bth. $1,829,000. $1,650,000. 147

RESIDENTIAL – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

37 85^th (5)Bed.,(3.5)Bth. 40’x107 $1,259,000. $1,050,000. $927,000. 2/10/11 762

Average Original Average Reduced Average Sold Average Days on

List Price = $1,259,000. List price = $1,050,000. Price = $927,000. Market = 762

- - Difference between ORIGINAL List Price and SOLD Price = (26%)

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

LOTS/LAND – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

LOTS/LAND – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

COMMERCIAL – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

COMMERCIAL – COMPARABLE SALE: 2/1/11 TO 2/28/11 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4117 Landis 30’x110’ $659,017. $550,017. $400,000. 2/8/11 736

- - Plans Approved for Commercial-1^st fl. / Residential-2^nd fl. Two Units

Average Original Average Reduced Average Sold Average Days on

List Price = $659,017. List Price = $550,017. Price = $400,000. Market = 736

- - Difference between ORIGINAL List Price and SOLD Price = (39%)

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

MULTI-FAMILY – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

MULTI-FAMILY – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (19)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

114 38^th (2)Bed.,(1)Bth. #3 $275,000. SAME 6

4114 Central(2)Bed.,(1)Bth. #217 294,999. SAME 45

4100 Boardwlk(2)Bed.,(1)Bth. SeaShell4D 399,900. 379,000. 99

4100 Boardwlk(2)Bed.,(1)Bth. SeaShell3B 475,000. 399,000. 142

*4009 Landis(3)Bed.,(2)Bth. #6 429,000. SAME 58

3700 Boardwlk(2)Bed.,(2)Bth. #806 440,000. SAME 12

141 80^th(4)Bed.,(3)Bth. West 559,000. SAME 64

110 74^th(4)Bed.,(3)Bth. East 599,000. SAME 9

7701 Landis(4)Bed.,(2.5)Bth. East 669,000. 599,000. 75

138 42^nd(4)Bed.,(3.5)Bth. East 599,000. SAME 2

*132 W.JerseyAve(6)Bed.,(4.5)Bth. West 599,000. SAME 170

324 43rdPl(3)Bed.,(2)Bth. 1stFl 950,000. 600,000. 749

15 73^rd (4)Bed.,(2.5)Bth. West 625,000. SAME 45

5412 Central(4)Bed.,(2.5)Bth. East 649,900. 630,000. 139

*105 74^th (5)Bed.,(4.5)Bth. West 769,900. 749,900. 206

4010 Pleasure(4)Bed.,(4)Bth. #1 995,000. 849,000. 555

*37 81^st (6)Bed.,(4.5)Bth. West 979,000. 947,900. 160

*4612 Park(50Bed.,(4.5)Bth. South 1,325,000. SAME 55

*3200Boardwlk(5)Bed.,(3.5)Bth. North 1,950,000. 1,795,000. 652

(6)NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5804 Landis(2)Bed.,(1)Bth. 2ndFl $225,000. SAME $220,000. 2/25/11 73

113 65^th (3)Bed.,(2)Bth. #204 419,000. 409,500. 398,000. 2/25/11 146

*4601 Landis(3)Bed.,(2)Bth. #C 440,000. SAME 420,000. 2/15/11 133

227 80^th (4)Bed.,(2)Bth. West 495,000. SAME 468,000. 2/28/11 148

26 73^rd (4)Bed.,(2.5)Bth. East 635,000. 599,000. 580,000. 2/18/11 47

7002 Landis (5)Bed.,(4/2)Bth. West 725,000. SAME 710,000. 2/18/11 147

122 75^th (4)Bed.,(3/2)Bth. West 749,900. SAME $722,500. 2/16/11 62

201 67^th (5)Bed.,(3.5)Bth. West 799,000. SAME 775,000. 2/25/11 143

17 75^th (4)Bed.,(3.5)Bth. West 999,000. SAME 932,500. 2/28/11 62

*37 81^st (5)Bed.,(40Bth. East 989,000. 979,500. 960,000. 2/18/11 259

9 85^th (4)Bed.,(3)Bth. North 1,269,900. SAME 1,185,000. 2/11/11 126

*2401 Landis(4)Bed.,(4.5)Bth. South 2,100,000. 1,950,000. 1,775,000. 2/28/11 368

(3)NEW CONSTRUCTION

(9,845,800.) (9,640,800.) (9,146,000.) (1,714)

Average Original Average Reduced Average Sold Average Days on

List price = $820,483. List Price = $803,400. Price = $762,167. Market = 143

- - Difference between ORIGINAL List Price and SOLD Price = (7%)

- - Difference between ORIGINAL List Price and REDUCED Price = (2%)

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 3/6/11) = 352

RESIDENTIAL 19

LOTS/LAND 9

COMMERCIAL 7

MULTI-FAMILY 10

CONDO/TOWNHOUSE 307

2011- MARCH – SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

RESIDENTIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

LOTS/LAND – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

LOTS/LAND – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

COMMERCIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

MULTI-FAMILY – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

108 84^th St: (2/2)Bed.,(1/1)Bth. 40’x100’ $550,000. $525,000. 100

MULTI-FAMILY – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

244 38^th St. (4/2)Bed.,(2/1)Bth. $599,000. $529,000. $475,000. 3/25/11 249

Average Original Average Reduced Average Sold Average Days on

List Price = $599,000. List Price = $529,000. Price = $475,000. Market = 249

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

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

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (11)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

3700 Boardwalk (2)Bed.,(2)Bth. #807-S $451,000. SAME 47

138 50^th (4)Bed.,(2)Bth. East 549,900. 535,900. 232

19 W. 66^th (5)Bed.,(2/2)Bth. West 729,000. 549,000. 553

*244 W. 38^th (6)Bed.,(4.5)Bth. West 589,000. SAME 1

112 52^nd (5)Bed.,(3.5)Bth. East 773,900. 715,000. 158

25 75^th (5)Bed.,(3)Bth. East 895,000. 725,000. 596

25 81^st (5)Bed.,(2.5)Bth. East 795,000. 735,000. 30

341 47^th (4)Bed.,(4)Bth. #A 749,000. SAME 100

14 76^th (4)Bed.,(3)Bth. East 749,000. SAME 72

13 65^th (5)Bed.,(3.5)Bth. East 999,000. 869,000. 317

*116 87^th (5)Bed.,(4.5)Bth. East 975,000. SAME 72

(2)NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (16)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3918 Landis(1)Bed.,(1)Bth. #104 $179,000. SAME $171,000. 3/25/11 39

114 38^th (2)Bed.,(1)Bth. #3 275,000. SAME 250,000. 3/11/11 49

4100 Boardwlk(2)Bed.,(1)Bth. #3B 475,000. 399,000. 360,000. 3/23/11 172

230 78^th (4)Bed.,(2)Bth. 1stFl 535,000. 509,900. 475,000. 3/5/11 141

324 43rdPl(3)Bed.,(2)Bth. 1stFl 950,000. 600,000. 475,000. 3/29/11 781

141 80^th (4)Bed.,(3)Bth. West 559,000. SAME 530,000. 3/18/11 105

*347 40^th (5)Bed.,(3.5)Bth. South 589,000. SAME 555,000. 3/30/11 345

7701 Landis(4)Bed.,(2.5)Bth. East 669,000. 599,000. 568,000. 3/31/11 133

110 74^th (4)Bed.,(3)Bth. East 599,000. SAME 595,000. 3/31/11 68

3605 Landis(5)Bed.,(3)Bth. South 650,000. SAME 625,000. 3/11/11 172

3204 Landis(4)Bed.,(3.5)Bth. North 699,000. 679,000. 652,000. 3/15/11 139

*105 74^th(5)Bed.,(4.5)Bth. West 769,900. 749,900. 725,000. 3/18/11 245

37 77^th (4)Bed.,(3)Bth. 1^st Fl 869,000. 799,500. 740,000. 3/25/11 346

*129 58^th (5)Bed.,(3.5)Bth. West 779,000. SAME 750,000. 3/25/11 227

*37 81^st (6)Bed.,(4.5)Bth. West 979,000. 947,900. 900,000. 3/26/11 193

*3200 Boardwlk(5)Bed.,(3.5)Bth. No. 1,950,000. 1,795,000. 1,450,000. 3/4/11 732

(5)NEW CONSTRUCTION

(11,525,900.) (10,709,200.) (9,821,000.) (3,887)

Average Original Average Reduced Average Sold Average Days on

List Price = $720,369. List Price = $669,325. Price = $613,812. Market = 243

- - Difference between ORIGINAL List Price and SOLD Price = (15%)

- - Difference between ORIGINAL List Price and REDUCED Price = (7%)

TOTAL SEA ISLE CITY, NJ SALE INVENTORY (AS OF 4/15/11) = 363

RESIDENTIAL 21

LOTS/LAND 9

COMMERCIAL 8

MULTI-FAMILY 10

CONDO/TOWNHOUSE 315