2009 – JULY – SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: JULY 1,2009  TO JULY 31, 2009 = (0)

RESIDENTIAL – COMPARABLE SALES: JULY 1, 2009 TO JULY 31, 2009 = (0)

LOTS/LAND – UNDER CONTRACT: JULY 1, 2009 TO JULY 31, 2009 = (0)

LOTS/LAND – COMPARABLE SALES: JULY 1, 2009 TO JULY 31, 2009 = (0)

COMMERCIAL – UNDER CONTRACT: JULY 1, 2009 TO JULY 31, 2009 = (0)

COMMERCIAL – COMPARABLE SALES: JULY 1, 2009 TO JULY 31, 2009 = (0)

MULTI-FAMILY – UNDER CONTRACT: JULY 1, 2009 TO JULY 31, 2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: JULY 1, 2009 TO HJULY 31, 2009 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: JULY 1, 2009 TO JULY 31, 2009 = (11)

                                                                         ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE       MARKET

109 82^nd (2)Bed.,(1)Bth. Rear                          $ 239,000.                  SAME                      8

7808 Landis (3)Bed.,(1.5)Bth. 2ndFl                  385,000.                $ 375,000.                  65

33 36^th (3)Bed.,(1.5)Bth. #2B                              392,500.                  SAME                      19

105 65^th (3)Bed.,(2)Bth. #208                              435,000.                  399,900.                  133

6406 Central (3)Bed.,(2)Bth. #H                          439,000.                  399,900.                  291

61 85^th (2)Bed.,(2)Bth. #B-402                             499,000.                   SAME                     7

7809 Roberts (3)Bed.,(2.5)Bth. North                  550,000.                    SAME                    50

364 47thPlace (3)Bed.,(1.5)Bth. East                   595,000.                    SAME                    10

4507 Landis (4)Bed.,(3.5)Bth. North                   845,000.                   689,000.                  656

1504 Landis (3)Bed.,(2.5)Bth. South                   919,000.                   799,900.                  154

* 118 55^th (6)Bed.,(4.5)Bth. East                         805,000.                     SAME                     90

(1) NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: July 1, 2009 TO July 31, 2009 = (11)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                     LIST PRICE       PRICE         PRICE       DATE       onMkt

3900 Pleasure(2)Bed.,(1.5)Bth. #103 $349,000.        $329,900.      $302,000.    7/3/09          324

3900 Pleasure(2)Bed.,(1.5)Bth. #303   329,900.          319,900.        309,500.    7/2/09          138

4400 Pleasure(2)Bed.,(1.5)Bth. #101   329,000.            SAME         315,000.    7/15/09         84

300 Landis(2)Bed.,(2)Bth. #F              399,900.             SAME         379,000.   7/17/09         135

8 67^th(4)Bed.,(2)Bth. 1stFl                   495,000.             SAME         495,000.   7/7/09           63

8300 Pleasure(5)Bed.,(3)Bth. North    719,000.            599,000.       515,000.   7/31/09         252

221 45^th(5)Bed.,(3)Bth. West               629,000.           599,000.       580,000.    7/31/09         208

125 72^nd(4)Bed.,(2)Bth. East               605,000.            599,999.       592,000.    7/27/09         57

5600 Landis(4)Bed.,(3)Bth. East          769,000.           729,000.       655,425.    7/1/09           184

129 82^nd(4)Bed.,(3.5)Bth. West            729,000.            SAME         690,000.    7/2/09            55

* 9 75^th(4)Bed.,(4.5)Bth. East            1,229,000.        1,199,000.     1,115,000.   7/10/09          318

(1) NEW CONSTRUCTION

                                                           (6,583,700.)    (6,328,699.)   (5,947,925.)                 (1,818)

ORIGINAL                                   REDUCED                             SOLD                      DAYS on

List Price = $598,518.                   List Price = $575,336.           Price = $540,720.     Mkt = 165

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

- Difference between OREIGINAL List Price and REDUCED Price = (4%)

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 8/15/09) = 279

RESIDENTIAL                                                         18

LOTS/LAND                                                              7

COMMERCIAL                                                        9

MULTI-FAMILY                                                      11

CONDO/TOWNHOUSE                                          234

2009 – AUGUST - SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (1)

                                                             ORIGINAL               REDUCED            DAYS ON

ADDRESS                                           LIST PRICE             LIST PRICE         MARKET

* 112 84^th(6)Bed.,(3.5)Bth. 40x100     $997,500.                    $839,900.                     184

(1) NEW CONSTRUCTION

RESIDENTIAL – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (1)

                                              ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                            LIST PRICE      PRICE         PRICE        DATE       onMkt

4408 Venicean(4)Bed.,(2.5)Bth.  $750,000.       SAME         $685,000.     8/8/09         139

LOTS/LAND – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

COMMERCIAL – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (1)

                                                ORIGINAL     REDUCED     SOLD     CLOSING      DAYS

ADDRESS                             LIST PRICE     PRICE           PRICE      DATE          onMkt

8305 Landis #2 (969 sq.ft.)    $159,900.           $139,900.        $75,000.     8/24/09           `75

MULTI-FAMILY – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (17)

                                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                     LIST PRICE          LIST PRICE          MARKET

4114 Central(1)Bed.,(1)Bth. #302                 $212,000.                     SAME                      113

23 38^th(2)Bed.,(1)Bth. #204                            314,900.                   304,900.                      113

105 65^th(2)Bed.,(1)Bth. #107                          350,000.                       SAME                      10

109 82^nd(3)Bed.,(1.5)Bth. #1                           399,000.                       SAME                      32

4110 Landis(3)Bed.,(2)Bth. #2North              599,000.                     425,000.                     550

* 8605 Landis(4)Bed.,(2.5)Bth. #B-East         459,000.                     499,000.                    156

* 122 87^th(4)Bed.,(3.5)Bth. West                  1,689,000.                  1,557,500.                       1131

* 122 87^th(4)Bed.,(3.5)Bth. East                    1,749,000.                  1,558,000.                        787

* 5101 Central(5)Bed.,(4)Bth. South                739,000.                     699,000.                        336

* 5704 Central(4)Bed.,(3.5)Bth. North             749,900.                     699,900.                        353

* 313 57^th(4)Bed.,(3.5)Bth. West                      769,000.                     SAME                           14

331 47thPlace(4)Bed.,(3.5)Bth. West             1,350,000.                    798,000.                         494

* 7304 Central(4)Bed.,(3/2)Bth. South              930,000.                    799,000.                         335

23 81^st(5)Bed.,(2.5)Bth. West                            899,900.                    849,900.                         311

* 26 49^th(5)Bed.,(3)Bth. East                             879,900.                     SAME                           73

2505 Landis(4)Bed.,(3)Bth. South                  1,499,000.                 1,175,000.                         173

10 55^th(5)Bed.,(3)Bth. South                           1,300,000.                    SAME                            25

(8) NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (5)

                                                       ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                     LIST PRICE     PRICE          PRICE        DATE       onMkt

6406 Central(3)Bed.,(2)Bth. #H    $439,000.           $399,900.       $350,000.     8/28/09         332

* 6300 Landis(2)Bed.,(2)Bth. #A     385,000.             SAME           365,000.     8/15/09         75

7809 Roberts(3)Bed.,(2.5)Bth. No.  550,000.             SAME            525,000.     8/21/09         98

116 42^nd(4)Bed.,(3)Bth. West          599,900.              SAME           575,000.     8/15/09         75

* 118 55^th(6)Bed.,(4.5)Bth. East      805,000.              SAME           790,000.     8/15/09         128

(2) NEW CONSTRUCTION

                                                      (2,778,900.)      (2,739,800.)     (2,605,000.)                    (1,008)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $555,780.        List Price = $547,960.        Price = $521,000.       Market = 202

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

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

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 9-15-09) = 294

RESIDENTIAL                                                           18

LOTS/LAND                                                                8

COMMERCIAL                                                          8

MULTI-FAMILY                                                        11

CONDO/TOWNHOUSE                                            249

2009 – SEPTEMBER - SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)

RESIDENTIAL – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (0)

LOTS/LAND – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (0)

COMMERCIAL – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (0)

MULTI-FAMILY – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (1)

                                                              ORIGINAL            REDUCED            DAYS ON

ADDRESS                                            LIST PRICE          LIST PRICE         MARKET

3602 Landis(4/2/2)Bed.,(1.5/1/1)Bth.   $829,000.                $659,000.                    357

MULTI-FAMILY – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 – (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (18)

                                                                 ORIGINAL            REDUCED            DAYS ON

ADDRESS                                               LIST PRICE         LIST PRICE          MARKET

4114 Central(2)Bed.,(1)Bth. #217            $335,000.                      SAME                    1

225 87^th(2)Bed.,(1)Bth. 2ndFloor               375,000.                      SAME                     29

* 4111 Landis(2)Bed.,(2)Bth. 3rdWest       474,900.                    375,000.                    2

* 6300 Landis(2)Bed.,(2)Bth. #B                385,000.                     SAME                      19

7813 Roberts(4)Bed.,(2.5)Bth. North          579,000.                     SAME                      4

141 38^th(4)Bed.,(3)Bth. West                      689,900.                     585,900.                   537

5609 Roberts(4)Bed.,(3)Bth. South             615,000.                     599,500.                   151

133 69^th(5)Bed.,(3)Bth. West                      710,000.                      678,900.                   363

* 3614 Pleasure(4)Bed.,(3.5)Bth. East         729,000.                     679,000.                   202

* 4801 Central(5)Bed.,(4)Bth. North           743,000.                      689,000.                  440

25 49^th(4)Bed.,(2.5)Bth. North                     875,000.                      748,000.                  333

* 126 73^rd(5)Bed.,(3.5)Bth. East                  789,900.                      759,900.                  187

* 126 73^rd(5)Bed.,(3.5)Bth. West                 789,900.                      759,900.                  182

85 85^th(4)Bed.,(3.5)Bth. #9                           779,000.                        SAME                   18

* 209 59^th(5)Bed.,(3.5)Bth. West                  829,000.                      799,900.                  238

* 114 55^th(6)bed.,(4.5)Bth. East                    849,000.                        SAME                    7

25 80^th(4)Bed.,(3.5)Bth. West                       919,000.                        SAME                    123

* 9 75^th(4)Bed.,(4.5)Bth. West                    1,199,000.                     1,099,000.                 392

(9) NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (11)

ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE     PRICE          PRICE       DATE      onMkt

30 37^th(3)Bed.,(1.5)Bth.#2E            $379,000.           $310,000.        $270,000.    9/14/09      462

23 38^th(2)Bed.,(1)Bth. #204              314,900.             304,900.          295,000.     9/18/09      154

7808 Landis(3)Bed.,(1.5)Bth.2ndflft   385,000.           375,000.         345,000.     9/11/09       111

105 65^th(3)Bed.,(2)Bth. #208             435,000.            399,900.          350,000.     9/19/09       216

61 85^th(2)Bed.,(2)Bth. #B-402           499,000.             SAME            474,500.     9/5/09         64

* 313 57^th(4)Bed.,(3.5)Bth. West       769,000.             SAME            735,000.     9/17/09       57

1504 Landis(3)Bed.,(2.5)Bth. South  919,000.             799,900.          735,000.    9/8/09         211

109 79^th(5)Bed.,(3.5)Bth. West          798,000.              SAME            760,000.    9/11/09       55

* 118 55^th(6)Bed.,(4.5)Bth. West       819,000.             805,000.          802,500.    9/11/09       155

23 81^st(5)Bed.,(2.5)Bth. West            899,900.              849,900.          815,000.    9/23/09       345

2505 Landis(4)Bed.,(3)Bth. South   1,499,000.          1,175,000.        1,100,000.   9/26/09       229

(2) NEW CONSTRUCTION

                                                        (7,716,800.)      (7,085,600.)    (6,682,000.)                   (2,059)

Average Original               Average Reduced             Average Sold               Average Days on

List Price = $701,527.        List Price = $644,145.      Price = $607,454.         Market = 187

- Difference between ORIGINAL List Price and SOLD Price = (14%)

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

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 10-3-09) = 298

RESIDENTIAL                                                       20

LOTS/LAND                                                            8

COMMERCIAL                                                      6

MULTI-FAMILY                                                    12

CONDO/TOWNHOUSE                                         252