OCTOBER-2008-AVALON,= NJ:

OCTOBER-2008-AVALON,NJ:

RESIDENTIAL =96 UNDER CONTRACT: OCT. 1ST, 2008 = TO OCT.=20 31ST,2008 =3D (1)

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

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

138 21^ST=20 St(5)Bed.,(5)Bth. &n= bsp; =20 $1,645,000. &n= bsp; =20 SAME &nb= sp; =20 97

RESIDENTIAL =96 COMPARABLE SALES: OCT. = 1^ST, 2008=20 TO OCT. 31^ST, 2008=3D(11)

&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

680 Third (4)Bed.,(3)Bth. =20 $1,200,000. = $1,100,000. =20 $999,000. =20 10/7/08 = 221

251=20 36^th(5)Bed.,(3)Bth. =20 1,199,000. &nb= sp; =20 SAME 1,125,000. =20 10/10/08 70

63 W = 29^th(4)Bed.,(3.5)Bth. =20 1,795,000. =20 1,495,000. 1,375,000. =20 10/4/08 = 606

1758 = Dune(5)Bed.,(5)Bth. =20 1,795,000. =20 1,595,000. 1,465,000. =20 10/1/08 = 707

2289=20 Avalon(5)Bed.,(3.5)Bth.2,199,000. &nbs= p; =20 1,999,000. 1,800,000. =20 10/31/08 261

23 Pelican(4)Bed.,(2.5)Bth. =20 2,495,000. &nb= sp;=20 SAME 1,950,000. =20 10/8/08 = 88

601=20 24^th(5)Bed.,(2/3)Bth. =20 2,395,000. &nb= sp; =20 SAME 2,000,000. =20 10/29/08 287

7389 DUNE(4)Bed.,(4)Bth. =20 2,395,000. &nb= sp; =20 SAME 2,050,000. =20 10/1/08 = 100

4506 Fifth(4)Bed.,(2/2)Bth. =20 2,950,000. =20 2,495,000. 2,367,000. =20 10/2/08 = 274

178 = 74^th(4)Bed.,(4)Bth. =20 2,750,000. &nb= sp; =20 2,650,000. 2,600,000. =20 10/3/08 = 370

63=20 Heron(4)Bed.,(3)Bth. =20 6,500,000. =20 5,995,000. 5,485,000. =20 10/31/08 856

&= nbsp; &n= bsp; &nb= sp; =20 (27,673,000.) = (25,813,000.) =20 (23,216,000.) = =20 (3,840)

Average=20 Original = ;=20 Average=20 Reduced = =20 Average = Sold =20 Average Days on

List Price=3D$2,515,727. List=20 Price=3D$2,346,636. Price =3D $2,110,545. = Market =3D=20 349

- =20 Difference between ORIGINAL List Price and SOLD Price =3D=20 (16%)

- =20 Difference between ORIGINAL List Price and REDUCED Price =3D=20 (7%)

LOTS / LAND =96 UNDER CONTRACT: OCT. = 1^ST, 2008 TO=20 OCT. 31^ST, 2008 =3D (0)

LOTS / LAND =96 COMPARABLE SALES: OCT. = 1^ST, 2008=20 TO OCT. 31^ST, 2008 =3D (0)

COMMERCIAL =96 UNDER CONTRACT: OCT. = 1^ST, 2008 TO=20 OCT. 31^ST, 2008 =3D (1)

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

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

2513 Dune (Oceanside at=20 Dune) &n= bsp;=20 $389,900. &nbs= p; =20 SAME &nb= sp; =20 482

COMMERCIAL =96 COMPARABLE SALES: OCT. = 1^ST, 2008=20 TO OCT. 31^ST, 2008 =3D (0)

MULTI-FAMILY =96 UNDER CONTRACT: OCT. = 1^ST, 2008=20 TO OCT. 31^ST, 2008 =3D (1)

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

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

10 w 15^TH=20 ST.(3/3)Bed.,(1/1)Bth. =20 $1,495,000. &n= bsp;=20 $1,395,000. &n= bsp; =20 204

MULTI-FAMILY =96 COMPARABLE SALES: OCT. = 1^ST, 2008=20 TO OCT. 31^ST, 2008 =3D (0)

CONDO/TOWNHOUSE =96 UNDER CONTRACT: OCT. = 1^ST TO=20 OCT. 31^ST, 2008 =3D(4)

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

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

THE NEW OCEANVIEW CONDOMINIUMS =96 RENOVATION OF = THE AVALON=20 INN

7929 Dune(1)Bed.,(1)Bth.=20 #209 &nb= sp; =20 $324,990. =20 Increase-$329,990. =20 40

7929 Dune(1)Bed.,(1)Bth.=20 #311 &nb= sp; &nbs= p;=20 364,990. Increase-=20 369,990. = ; =20 50

7929 Dune(1)Bed.,(1)Bth.=20 #309 &nb= sp; &nbs= p;=20 349,990. Increase-=20 374,990. = ; =20 103

329 39^th (4)Bed.,(3.5)Bth. = West =20 &= nbsp; 1,195,000. &nbs= p; = ; =20 SAME &nb= sp; =20 169

CONDO/TOWNHOUSE =96 COMPARABLE SALES: OCT. = 1^ST TO=20 OCT. 31^ST, 2008=3D(3)

&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

700 Ocean(3)Bed.,(2.5)Bth.#F-5 =20 $759,900. =20 $725,000. = $677,500. =20 10/15/08 286

618 22^nd(4)Bed.,(4)Bth.=20 West =20 1,495,000. =20 SAME &nb= sp;=20 1,288,000. = 10/30/08 =20 73

375 24^TH(4)Bed.,(4)Bth.=20 East =20 1,595,000. =20 SAME =20 1,525,000. = 10/6/08 =20 235

&= nbsp; &n= bsp; &nb= sp; &nbs= p; =20 (3,849,900.) = (3,815,000.) =20 (3,490,500.)=20 &= nbsp; (594)

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

List Price =3D $1,283,300. = List Price =3D=20 $1,271,667. Price =3D = $1,163,500. Market=20 =3D 198

- =20 Difference between ORIGINAL List Price and SOLD Price =3D=20 (9%)

- =20 Difference between ORIGINAL List Price and REDUCED Price =3D=20 (1%)

TOTAL AVALON SALE INVENTRORY (AS OF = 11/3/2008) =3D=20 434

RESIDENTIAL = ; = &= nbsp; &n= bsp; =20 222

LOTS /=20 LAND &nb= sp; &nbs= p; = ; =20 23 COMMERCIAL = &= nbsp; &n= bsp; &nb= sp;=20 18

MULTI-FAMILY &nbs= p; = ; = =20 10

CONDO /=20 TOWNHOUSE &nbs= p; = ; =20 161

AVALON, JULY-2008 - TOTAL SALE INVENTORY =96=20 443

AVALON, AUGUST-2008 - TOTAL SALE INVENTORY =96=20 443

AVALON, SEPTEMBER-2008 - TOTAL SALE INVENTORY = =96=20 428

NOVEMBER-2008-AVALON,NJ:

RESIDENTIAL =96 UNDER CONTRACT: 11/1/2008 TO = 11/30/2008 =3D=20 (1)

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

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

56 w. 13^TH=20 (4)Bed.,(3)Bth. &nbs= p; =20 $1,390,000. &n= bsp; =20 SAME &nb= sp; =20 82

RESIDENTIAL =96 COMPARABLE SALES: 11/1/2008 TO = 11/30/2008 =3D=20 (3)

&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

237 52^nd=20 (3)Bed.,(2)Bth. =20 $985,000. =20 SAME &nb= sp; =20 $985,000. =20 11/5/08 = 57

138=20 21^st(5)Bed.,(5)Bth. &= nbsp; =20 1,645,000. =20 SAME =20 1,425,000. 11/19/08 =20 139

133 23^rd=20 (5)Bed.,(4.5)Bth. =20 1,850,000. =20 1,695,000. 1,600,000. =20 11/15/08 642

=20 &= nbsp; &n= bsp; &nb= sp; (4,480,000.) &nbs= p; =20 (4,325,000.) =20 (4,101,000.) &= nbsp; =20 (838)

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

List Price =3D = $1,493,333. List=20 Price =3D $1,441,167. Price =3D=20 $1,367,000. on Market =3D279

- =20 Difference between Original List Price and SOLD Price =3D=20 (9%)

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

LOTS/LAND =96 UNDER CONTRACT: 11/1/2008 TO = 11/30/2008 =3D=20 (0)

LOTS/LAND =96 COMPARABLE SALES: 11/1/2008 TO = 11/30/2008 =3D=20 (0)

COMMERCIAL =96 UNDER CONTRACT: 11/1/2008 TO = 11/30/2008 =3D=20 (0)

COMMERCIAL =96 COMPARABLE SALES: 11/1/2008 TO = 11/30/2008 =3D=20 (0)

MULTI-FAMILY =96 UNDER CONTRACT: 11/1/2008 TO = 11/30/2008 =3D=20 (0)

MULTI-FAMILY =96 COMPARABLE SALES: 11/1/2008 TO = 11/30/2008 =3D=20 (0)

CONDO/TOWNHOUSE =96 UNDER CONTRACT: 11/1/2008 TO = 11/30/2008=20 =3D (0)

CONDO/TOWNHOUSE =96 COMPARABLE SALES: 11/1/2008 = TO=20 11/30/2008 =3D (6)

&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

1471=20 Ocean(4)Bed.,(2)Bth. = ; =20 $889,000. =20 $699,000. = $650,000. =20 11/26/08 483

2503 = Dune(4)Bed.,(3)Bth. =20 1,077,500. &nb= sp; =20 SAME =20 992,500. =20 11/26/08 227

329=20 39^th(4)Bed.,(3.5)Bth.West = 1,195,000. =20 SAME =20 995,000. =20 11/12/08 188

&= nbsp; &n= bsp; &nb= sp; &nbs= p; =20 (3,161,500.) = (2,971,500.) =20 (2,637,500.) &= nbsp; =20 (898)

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

List Price =3D = $1,053,833. List=20 Price =3D $990,500. Price =3D=20 $879,167. on Market=20 =3D299

- =20 Difference between Original List Price and SOLD Price =3D=20 (17%)

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

TOTAL AVALON SALE INVENTORY (AS OF = 12/14/2008) =3D=20 424

RESIDENTIAL = ; = &= nbsp; =20 214

LOTS/LAND &= nbsp; &n= bsp;=20 &= nbsp; 21

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

MULTI-FAMILY &nbs= p; = ; =20 7

CONDO/TOWNHOUSE &= nbsp; =20 162

COMP SALES =96 NEW OCEANVIEW CONDOS - = RENOVATION OF=20 AVALON INN:

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

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

7929 DUNE (1)Bed.,(1)Bth.=20 #201 =20 $339,900. =20 SAME = $353,671. =20 11/25/08 138

7929 DUNE (2)Bed.,(1)Bth.=20 #306 =20 389,990. =20 SAME =20 406,735. =20 11/25/08 = 179

7929 DUNE (1)Bed.,(1)Bth.=20 #301 =20 399,990. =20 SAME =20 411,815. =20 11/25/08 146 =20