DECEMBER-2008-AVALON= , NJ:

DECEMBER-2008-AVALON,=20 NJ:

RESIDENTIAL =96 UNDER CONTRACT: 12/1/2008 TO = 12/31/2008 =3D=20 (3)

&nbs= p; = ; = &= nbsp; &n= bsp;=20 ORIGINAL =20 REDUCED DAYS=20 ON

ADDRESS &nb= sp; &nbs= p; = ; =20 LIST PRICE LIST=20 PRICE MARKET

215 53^rd=20 (3)bed.,(1.5)Bth. &n= bsp; =20 $950,000. =20 $910,000. &nbs= p; =20 49

568 22^nd=20 (4)Bed.,(3)bth. &nbs= p; =20 1,995,000. &nb= sp; =20 1,675,000. &nb= sp; =20 656

2888 Ocean Dr.=20 (5)Bed.,(4)Bth. =20 2,200,000. &nb= sp; =20 1,995,000. &nb= sp; =20 307

RESIDENTIAL =96 COMPARABLE SALES: 12/1/2008 TO = 12/31/2008 =3D=20 (5)

&nbs= p; = ; = &= nbsp;=20 ORIGINAL REDUCED =20 SOLD CLOSING =20 DAYS

ADDRESS &nb= sp; &nbs= p; =20 LIST PRICE =20 PRICE =20 PRICE =20 DATE = onMkt

282 17^th (4)Bed.,(4)Bth. =20 $1,289,000. &n= bsp; =20 $1,179,000. $999,999. =20 12/30/08 50

635 7^th=20 (4)Bed.,(2)bth. &nbs= p; =20 1,385,000. =20 1,190,000. 1,120,000. =20 12/13/08 304

594 24^th=20 (6)Bed.,(4)Bth. =20 1,395,000. &nb= sp; =20 SAME 1,200,000. =20 12/11/08 213

56 W 13^th=20 (4)Bed.,(3)Bth. =20 1,390,000. &nb= sp; =20 SAME = 1,300,000. =20 12/19/08 128

* 308 76^th=20 (5)Bed.,(5)Bth. =20 1,995,000. &nb= sp; =20 SAME = 1,925,000. =20 12/4/08 = 254

(*) NEW CONSTRUCTION =3D (1)

=20 &= nbsp; &n= bsp; &nb= sp; (7,454,000.) =20 (7,149,000.) (=20 6,544,999.) &n= bsp; =20 (949)

Average=20 Original = ; =20 Average=20 Reduced = =20 Average=20 Sold &nb= sp; =20 Average Days

List Price =3D = $1,490,800. List=20 Price =3D $1,429,800. Price =3D=20 $1,308,999. on Market =3D 199

- =20 Difference between ORIGINAL List Price and SOLD Price =3D=20 (12%)

- =20 Difference between ORIGINAL List Price and REDUCED Price =3D=20 (4%)

VACANT LOT / LAND =96 UNDER CONTRACT: 12/1/2008 = TO=20 12/31/2008 =3D (0)

VACANT LOT / LAND =96 COMPARABLE SALES: = 12/1/2008 TO=20 12/31/2008 =3D (1)

&nbs= p; = ; = &= nbsp; =20 ORIGINAL REDUCED =20 SOLD CLOSING DAYS

ADDRESS &nb= sp; &nbs= p; = ; =20 LIST PRICE =20 PRICE =20 PRICE =20 DATE onMkt

670 First Ave. 14,500 sq.ft. Inlet Lot =20 $3,995,000. = SAME =20 $3,400,000. 12/1/0/08 = 730

COMMERCIAL =96 UNDER CONTRACT: 12/1/2008 TO = 12/31/2008 =3D=20 (0)

COMMERCIAL =96 COMPARABLE SALES: 12/1/2008 TO = 12/31/2008 =3D=20 (0)

MULTI-FAMILY =96 UNDER CONTRACT: 12/1/2008 TO = 12/31/2008 =3D=20 (0)

MULTI-FAMILY =96 COMPARABLE SALES: 12/1/2008 TO = 12/31/2008 =3D=20 (1)

&nbs= p; = ; = &= nbsp; =20 ORIGINAL REDUCED =20 SOLD CLOSING = DAYS

ADDRESS &nb= sp; &nbs= p; =20 LIST PRICE =20 PRICE &n= bsp;=20 PRICE =20 DATE onMkt

10 W 15^th (3/3)Bed.,(1/1)Bth.=20 $1,495,000. =20 $1,350,000. $1,260,000. =20 12/15/08 266

CONDO/TOWNHOUSE =96 UNDER CONTRACT: 12/1/2008 TO = 12/31/2008=20 =3D (4)

&nbs= p; = ; = = &= nbsp; &n= bsp; ORIGINAL &= nbsp;=20 REDUCED DAYS=20 ON

ADDRESS &nb= sp; &nbs= p; = ; = =20 LIST PRICE LIST=20 PRICE MARKET

300 79^th (3)Bed.,(2)Bth.=20 #B4 &nbs= p; = ; =20 $630,000. &nbs= p; =20 SAME &nb= sp; =20 24

321 40^th (5)Bed.,(4)Bth.=20 East &nb= sp; &nbs= p; =20 1,095,000. &nb= sp; =20 775,000. = ; =20 746

323 40^th (5)Bed.,(4)Bth.=20 West &nb= sp; &nbs= p; =20 1,195,000. &nb= sp; =20 825,000. = ; =20 915

2008 Ocean (4)Bed.,(2.5)Bth.=20 North &n= bsp; =20 969,000. = ; =20 SAME &nb= sp; =20 64

CONDO/TOWNHOUSE =96 COMPARABLE SALES: 12/1/2008 = TO=20 12/31/2008 =3D (7)

&nbs= p; = ; = &= nbsp; =20 ORIGINAL REDUCED = SOLD =20 CLOSING DAYS

ADDRESS &nb= sp; &nbs= p; = ; =20 LIST PRICE =20 PRICE =20 PRICE =20 DATE onMkt

235 33^RD (4)Bed.,(2.5)Bth.=20 East =20 $799,000. =20 $700,000. = $560,000. =20 12/9/08 264

2689 Dune (3)Bed.,(2)Bth. = 2ndFl =20 570,000. = ; =20 SAME =20 570,000. = 12/5/08 =20 4

551 21^st (4)Bed.,(3.5)Bth.=20 =93A=94 =20 1,135,000. =20 1,099,000. = 999,000. =20 12/12/08 96

2002 Ocean (5)Bed.,(5.5)Bth. No =20 2,100,000. =20 1,899,000. 1,800,000.=20 12/22/08 258

OCEANVIEW CONDOS - RENOVATION OF AVALON=20 INN:

&nbs= p; = ; = &= nbsp; &n= bsp; =20 ORIGINAL ASKING =20 SOLD CLOSING = DAYS

ADDRESS &nb= sp; &nbs= p; = ; =20 LIST PRICE PRICE =20 PRICE =20 DATE =20 onMkt

7929 DUNE (1)Bed.,(1)Bth.=20 #101 =20 $319,990. =20 SAME = $324,940. =20 12/18/08 171

7929 DUNE (2)Bed.,(1)Bth.=20 #207 =20 330,990. =20 SAME =20 333,605. =20 12/16/08 = 164

7929 DUNE (1)Bed.,(1)Bth. #116=20 379,990..&nbs= p; =20 SAME =20 390,415. =20 12/23/08 207 =20

&= nbsp; &n= bsp; &nb= sp; &nbs= p; = ; =20 (5,634,970.) (5,298,970.)=20 (4,977,960.) &= nbsp; =20 (1,164)

Average=20 Original = ; =20 Average Reduced =20 Average=20 Sold &nb= sp; =20 Average Days

Listing Price =3D $804,996. List = Price =3D=20 $756,996. Price =3D=20 $713,994. on Market =3D=20 166

- =20 Difference between ORIGINAL List Price and SOLD Price =3D=20 (13%)

- =20 Difference between ORIGINAL List Price and REDUCED Price =3D=20 (6%)

TOTAL AVALON SALE INVENTORY ( AS OF 1/3/2009) = =3D=20 (376)

RESIDENTIAL = ; = &= nbsp; =20 195

VACNT LOTS /=20 LAND &nb= sp; &nbs= p; =20 22

COMMERCIAL = &= nbsp; &n= bsp; =20 18

MULTI-FAMILY &nbs= p; =20 &= nbsp; &n= bsp; 6

CONDO/TOWNHOUSE &= nbsp; &n= bsp; =20 135