1^ST QUARTER – AVALON, NJ – 2010 STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES:

JANUARY 7 4

FEBRUARY 1 5

MARCH 6 8

(14) (14) (17)

ORIGINAL List Price REDUCED List Price SOLD Price Days onMkt

JANUARY $1,071,000. $1,071,000. $1,010,000. 153

FEBRUARY 1,468,800. 1,338,000. 1,275,000. 168

MARCH 2,091,500. 2,006,000. 1,793,750. 167

($4,631,300.) ($4,415,000.) ($4,078,750.) (488)

1^ST QTR

AVERAGE ($1,543,767.) ($1,471,667.) ($1,359,583.) (163)

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

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

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

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

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES:

JANUARY 1 1

FEBRUARY 0 0

MARCH 1 0

(2) (2) (1)

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES:

JANUARY 0 0

FEBRUARY 0 0

MARCH 0 0

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES:

JANUARY 0 0

FEBRUARY 0 0

MARCH 0 0

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES:

JANUARY 1 7

FEBRUARY 3 1

MARCH 7 2

(11) (11) (10)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $ 966,714. $ 890,143. $ 824,643. 345

FEBRUARY 649,000. 575,000. 485,000. 595

MARCH 1,099,000. 799,000. 685,000. 690

(2,714,714.) (2,264,143.) (1,994,643.) (1,630)

1^ST QTR

AVERAGE ($904,905.) ($754,714.) ($664,881.) (543)

- - Difference between ORIGINAL List Price and SOLD Price = (28%)

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

1^ST QTR CONDO/TOWNHSE – NEW CONSTRUCTION – UNDER CONTRACT = (3)

1^ST QTR CONDO/TOWNHSE – NEW CONSTRUCTION – COMPARABLE SALES = (1)

AVALON COMPARISON - 1^ST QTR 2009 VS. 2010:

1^ST QTR – RESIDENTIAL – 2009:

UNDER CONTRACT = 11

COMPARABLE SALES = 4

AVERAGE List Price = $867,667. - AVERAGE Sold Price = $722,222. Days on Market = 172

1^ST QTR – RESIDENTIAL – 2010:

UNDER CONTRACT = 14

COMPARABLE SALES = 17

AVERAGE List Price = $1,543,767.– AVERAGE Sold Price = $1,359,583. DOM = 163

1^ST QTR – CONDO/TOWNHOUSE – 2009:

UNDER CONTRACT = 5

COMPARABLE SALES = 12

AVERAGE List Price = $616,772. – AVERAGE Sold Price = $492,868. Days on Market = 322

1^ST QTR – CONDO/TOWNHOUSE – 2010:

UNDER CONTRACT = 11

COMPARABLE SALES = 10

AVERAGE List Price = $904,905. – AVERAGE Sold Price = $664,881. DOM = 543