2^ND QUARTER – AVALON,NJ – 2010 STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

APRIL 1 4

MAY 4 9

JUNE 5 4

(10) (10) (17)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

APRIL $1,911,225. $1,748,750. $1,650,250. 268

MAY 2,425,333. 2,281,889. 1,978,555. 271

JUNE 1,337,000. 1,267,000. 1,147,916. 387

($5,673,558.) ($5,297,639.) ($4,776,721.) (926)

2^ND QTR

AVERAGE $1,891,186. $1,765,880. $1,592,240. 309

- - Difference between ORIGINAL List Price and SOLD Price = (16%)

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

2^ND QTR RESIDENTIAL – NEW CONSTRUCTION – UNDER CONTRACT = (0)

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

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

APRIL 0 1

MAY 0 2

JUNE 0 0

(0) (0) (3)

COMMERCIAL UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 0 0

MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 1 0

(1) (1) (0)

CONDO/TOWNHOUSE UNDER CONTRACT COMPARABLE SALES

APRIL 3 3

MAY 4 8

JUNE 6 5

(13) (13) (16)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

APRIL $782,833. $766,333. $721,667. 194

MAY 735,625. 727,250. 683,437. 108

JUNE 519,600. 509,780. 468,500. 154

($2,038,058.) ($2,003,363.) ($1,873,604.) (456)

2^ND QTR

AVERAGE $679,353. $667,788. $624,535. 152

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

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

2^ND QTR NEW CONSTRUCTION – CONDO/TOWNHOUSE – UNDER CONTRACT = 1

2^ND QTR NEW CONSTRUCTION – CONDO/TOWNHOUSE – Comparable Sales = 3

AS COMPARED TO 1^ST QTR – AVALON,NJ- 2010:

1^ST QTR - RESIDENTIAL UNDER CONTRACT = (14) UNITS

1^ST QTR - RESIDENTIAL COMPARABLE SALES = (17) UNITS

AVERAGE 1^ST QTR – RESIDENTIAL - SALE LISTING PRICE = $1,543,767.

AVERAGE 1^ST QTR – RESIDENTIAL – REDUCED LISTING PRICE = $1,471,667.

AVERAGE 1^ST QTR – RESIDENTIAL SOLD PRICE = $1,359,583.

AVERAGE 1^ST QTR – RESIDENTIAL DAYS ON MARKET = 163

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

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

1^ST QTR – LOTS/LAND – UNDER CONTRACT = 2

1^ST QTR – LOTS/LAND – COMPARABLE SALES = 1

1^ST QTR COMMERCIAL – UNDER CONTRACT / COMPARABLE SALES = 0

1^ST QTR MULTI-FAMILY – UNDER CONTRACT / COMPARABLE SALES = 0

1^ST QTR – CONDO/TOWNHOUSE – UNDER CONTRACT = 11

1^ST QTR – CONDO/TOWNHOUSE – COMPARABLE SALES = 10

AVERAGE 1^ST QTR – CONDO/TOWNHOUSE – SALE LISTING PRICE = $904,905.

AVERAGE 1^ST QTR – CONDO/TOWNHOUSE – REDUCED PRICE = $754,714.

AVERAGE 1^ST QTR – CONDO/TOWNHOUSE – SOLD PRICE = $664,881.

AVERAGE 1^ST QTR – CONDO/TOWNHOUSE – DAYS ON MARKET = 543

1^ST QTR – CONDO/TOWNHOUSE NEW CONSTRUCTION – UNDER CONTRACT = 3

1^ST QTR – CONDO/TOWNHOUSE NEW CONSTRUCTION COMPARABLE SALES = 1

7/10/10