2010 – OCTOBER – SEA ISLE CITY,NJ:

RESIDENTIAL – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

7609 Pleasure (5)Bed.,(4.5)Bth. $2,699,000. SAME 75

RESIDENTIAL – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

8913 Landis (3)Bed.,(1)Bth. $659,000. $599,000. $575,000. 10/7/10 352

8710 Pleasure (5)Bed.,(2)Bth. 839,900. 689,900. 625,000. 10/12/10 175

(1,498,900.) (1,288,900.) (1,200,000.) (527)

Average Original Average Reduced Average Sold Average Days on

List Price = $749,450. List Price = $644,450. Price = $600,000. Market = 263

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

- - Difference between ORIGINAL List Price and REDUCED Price = (14%)

LOTS/LAND – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

113 36^th (58’x 110’) $549,000. SAME $502,000. 10/26/10 83

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

- - Difference between ORIGINAL List Price and REDUCED Price = (0%)

COMMERCIAL – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)

MULTI-FAMILY – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 10/2/2010 TO 10/31/2010 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 10/2/2010 TO 10/31/2010 = (10)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

5214 Landis (2)Bed.,(1.5)Bth. #C $269,000. SAME 33

221 79^th (3)Bed.,(1.5)Bth. 1stFl 350,000. SAME 22

319 39^th (4)Bed.,(3)Bth. West 539,000. SAME 227

127 34^th (5)Bed.,(3)Bth. West 624,900. 584,000. 73

105 51^st (4)Bed.,(3)Bth. East 619,900. 589,900. 39

226 43^rd (4)Bed.,(3.5)Bth. West 599,963. SAME 2

114 54^th (4)Bed.,(3.5)Bth. East 769,000. 739,000. 63

*129 58^th (5)Bed.,(3.5)Bth. West 779,000. SAME 48

9 78^th (4)Bed.,(3.5)Bth. East 925,000. 889,500. 253

7404 Pleasure (4)Bed.,(3.5)Bth. South 1,199,000. 1,095,000. 79

(1)NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (10)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

382 43^rd (3)Bed.,(1)Bth. #1A-No.1stFl $325,000. SAME $320,000. 10/15/10 24

109 82^nd(3)Bed.,(1)Bth. 2ndFl 389,000. SAME 351,000. 10/28/10 73

*4009 Landis(3)Bed.,(2)Bth. #9 439,000. 419,000. 392,500. 10/7/10 251

*4601 Landis(3)Bed.,(2)Bth. #B 440,000. SAME 420,000. 10/29/10 219

4100 Boardwlk(2)Bed.,(1)Bth.SeaShell#1C 509,000. 493,900. 425,000. 10/19/10 232

3609 Central(4)Bed.,(2)Bth. North 549,000. 499,000. 450,000. 10/15/10 440

227 80^th (4)Bed.,(2)Bth. East 495,000. SAME 475,000. 10/25/10 54

*6604 Landis (5)Bed.,(3.5)Bth. North 699,500. SAME 672,000. 10/29/10 132

9109 Pleasure(4)Bed.,(2)Bth. 1stFl 879,000. 874,500. 837,500. 10/29/10 245

20 68^th (5)Bed.,(3.5)Bth. East 899,000. SAME 875,000. 10/30/10 36

(3)NEW CONSTRUCTION

(5,623,500.) (5,533,900.) (5,218,000.) (1,706)

Average Original Average Reduced Average Sold Average Days on

List Price = $562,350. List Price = $553,390. Price = $521,800. Market = 171

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

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

TOTAL SEA ISLE CITY, NJ SALE INVENTORY (AS OF 11-7-2010) = 352

RESIDENTIAL 21

LOTS/LAND 7

COMMERCIAL 7

MULTI-FAMILY 8

CONDO/TOWNHOUSE 309