3^RD QUARTER – SEA ISLE CITY,NJ – 2011 – STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

- JULY 0 0

- AUGUST 0 1

- SEPTEMBER 0 0

3^RD QTR – RESIDENTIAL NEW CONSTRUCTION – UNDER CONTRACT = (0)

3^RD QTR – RESIDENTIAL NEW CONSTRUCTION – COMPARABEL SALES = (0)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

- JULY 0 0

- AUGUST 0 0

- SEPTEMBER 0 0

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

- JULY 0 1

- AUGUST 0 0

- SEPTEMBER 0 0

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

- JULY 0 0

- AUGUST 0 0

- SEPTEMBER 0 0

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

- JULY 5 9

- AUGUST 9 6

- SEPTEMBER 12 5

(26) (20)

ORIGINAL List Price REDUCED List Price SOLD Price DAYS on Market

JULY $715,889. $690,611. $648,978. 216

AUGUST 436,983. 419,283. 390,417. 248

SEPTEMBER 584,780. 571,180. 527,700. 219

($1,737,652.) ($1,681,074.) ($1,567,095.) (683)

3^RD QUARTER

AVERAGE: $579,217. $560,358. $522,365. 228

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

- Difference between ORIGINAL List Price and REDUCED Price = (3%)

3^rd QTR CONDO/TOWNHOUSE – NEW CONSTRUCTION – UNDER CONTRACT = (6)

3^RD QTR CONDO/TOWNHOUSE - NEW CONSTRUCTION – COMPARABLE SALES = (8)

SEA ISLE CITY COMPARISON – 3^RD QTR: 2009-2010-2011:

3^RD QTR:2009 3^RD QTR:2010 3^RD QTR: 2011

CONDO/TOWN CONDO/TOWN CONDO/TOWN

UNDER CONTRACT 46 33 26

COMPARABEL SALES 27 33 20

AVERAGE List Price: $618,608. $649,386. $579,217.

AVERAGE SOLD Price: $556,391. $558,203. $522,365.

AVERAGE Days on Market: 185 207 228

TOTAL SEA ISLE CITY 3^RD QTR – 2009 3^RD QTR – 2010 3^RD QTR - 2011

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

- JULY 279 311 308

- AUGUST 294 318 314

- SEPTEMBER 298 331 315

3^RD QTR

AVERAGE…………………. (290) (320) (312)

SEA ISLE CITY COMPARISON – 1^ST QTR – 2^ND QTR – 3QTR – 2011:

1^ST QTR:2011 2^ND QTR:2011 3^RD QTR:2011

CONDO/TOWN CONDO/TOWN CONDO/TOWN

UNDER CONTRACT 38 36 26

COMPARABEL SALES 38 47 20

AVERAGE List Price: $714,707. $656,593. $579,217.

AVERAGE SOLD Price: $633,726. $585,685. $522,365.

AVERAGE Days on Mkt: 230 203 228

NEW CONSTRUCTION / CONDO/TOWN:

UNDER CONTRACT 10 11 6

COMPARABLE SALES 8 10 8

TOTAL SEA ISLE CITY

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

1^ST QTR – 2011 2^ND QTR – 2011 3^RD QTR – 2011 4^TH QTR – 2011 .

JAN.-2011 323 -APRIL-2011 350 -JULY-2011 308 -OCT.-2011

FEB.-2011 352 -MAY-2011 327 -AUG.-2011 314 -NOV.-2011

MAR.-2011 363 -JUNE-2011 306 -SEPT.-2011 315 -DEC.-2011

1^ST QTR 2^ND QTR 3^RD QTR 4^TH QTR

Average = (346) Average = (328) Average = (312) Average = ( )

1^ST QTR – 2010 2^ND QTR – 2010 3^RD QTR – 2010 4^TH QTR – 2010 .

JAN.-2010 282 -APRIL-2010 320 -JULY-2010 311 -OCT.-2010 352

FEB.-2010 321 -MAY-2010 381 -AUG.-2010 318 -NOV.-2010 313

MAR.-2010 324 -JUNE-2010 308 -SEPT.-2010 331 -DEC.-2010 313

1^ST QTR 2^ND QTR 3^RD QTR 4^TH QTR

Average = (309) Average = (336) Average = (320) Average = (326)

1^ST QTR – 2009 2^ND QTR – 2009 3^RD QTR – 2009 4^TH QTR – 2009 .

JAN.-2009 304 -APRIL-2009 280 -JULY-2009 279 -OCT.-2009 285

FEB.-2009 301 -MAY- 2009 277 -AUG.-2009 294 -NOV.-2009 285

MAR.-2009 307 -JUNE-2009 275 -SEPT.-2009 298 -DEC.-2009 263

1^ST QTR 2^ND QTR 3^RD QTR 4^TH QTR

Average = (304) Average = (267) Average = (290) Average = (278)