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

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

- JANUARY 0 1

- FEBRUARY 1 1

- MARCH 0 0

(1) (2)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $800,000. $749,000. $730,000. 174

FEBRUARY 1,259,000. 1,050,000. 927,000. 762

MARCH -0- -0- -0- -0-

(2,059,000.) (1,799,000.) (1,657,000.) (936)

1^ST QTR

AVERAGE $686,333. $599,667. $552,333. 312

- Difference between ORIGINAL List Price and SOLD Price = (20%)

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

- 1^ST QTR RESIDENTIAL – NEW CONSTRUCTION – UNDER CONTRACT = (0)

- 1^ST QTR RESIDENTIAL – NEW CONSTRUCTION – COMPARABLE SALES = (0)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

- JANUARY 0 0

- FEBRUARY 0 0

- MARCH 0 0

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

- JANUARY 0 0

- FEBRUARY 0 1

- MARCH 0 0

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

- JANUARY 1 0

- FEBRUARY 0 0

- MARCH 1 1

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

- JANUARY 8 10

- FEBRUARY 19 12

- MARCH 11 16

(38) (38)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Market

JANUARY $603,270. $560,160. $525,200. 303

FEBRUARY 820,483. 803,400. 762,167. 143

MARCH 720,369. 669,325. 613,812. 243

(2,144,122.) (2,032,885.) (1,901,179.) (689)

1^ST QTR

AVERAGE $714,707. $677,628. $633,726. 230

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

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

2011 - NEW CONSTRUCTION

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

- JANUARY 2 0

- FEBRUARY 6 3

- MARCH 2 5

(10) (8)

SEA ISLE CITY, NJ – COMPARISON – 1^ST QTR: 2009 - 2010 - 2011:

1^ST QTR 1^ST QTR 1^ST QTR

Residential: 2009 Residential: 2010 Residential: 2011

UNDER CONTRACT: 4 2 1

COMPARABLE SALES: 4 4 2

1^ST QTR 1^ST QTR 1^ST QTR

Condo/Townhouse Condo/Townhouse Condo/Townhouse

UNDER CONTRACT: 34 35 38

COMPARABLE SALES: 28 33 38

AVERAGE List Price: $748,670. $750,323. $714,707.

AVERAGE Sold Price: $654,536. $686,741. $ 633,726.

DAYS on Market: 209 191 230

New Construction:

UNDER CONTRACT 7 5 10

COMPARABLE SALES 5 8 8