2010- JULY – SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: JULY 1, 2010 TO JULY 31, 2010 = (0)

RESIDENTIAL – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (3)

ORIGINAL REDUCED SOLD CLOSING DATE

ADDRESS LIST RPICE PRICE PRICE DATE onMkt

238 85^th(3)Bed.,(1.5)Bth. $515,000. SAME $460,000. 7/16/10 118

13 71^st(3)Bed.,(2)Bth. 1,275,000. 1,200,000. 1,169,225. 7/19/10 174

8223 Sounds(5)Bed.,(3)Bth. 1,595,000. SAME 1,475,000. 7/1/10 146

(3,385,000.) (3,310,000.) (3,104,225.) (438)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,128,333. List Price = $1,103,333. Price = $1,034,742. Market = 146

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

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

LOTS/.LAND – UNDER CONTRACT: JULY 1, 2010 TO JULY 31, 2010 = (0)

LOTS/LAND – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (0)

COMMERCIAL – UNDER CONTRACT: JULY 1, 2010 TO JULOY 31, 2010 = (0)

COMMERCIAL – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (0)

MULTI-FAMILY – UNDER CONTRACT: JULY 1, 2010 TO JUL7 31, 2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: JULY 1, 2010 TO JULY 31, 2010 = (7)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

221 87^th(2)Bed.,(1)Bth. #202 $260,000. $249,000. 50

310 47thPl(3)Bed.,(2)Bth. 2ndFl 599,000. 549,000. 44

21 79^th(4)Bed.,(2)Bth. South 699,000. 665,000. 522

7610 Pleasure(4)Bed.,(2)Bth. North 766,000. 698,000. 110

6611 Landis(4)Bed.,(3.5)Bth. North 769,000. 699,000. 269

* 6604 Landis(5)Bed.,(3.5)Bth. North 699,500. SAME 6

3608 Sounds(4)Bed.,(2)Bth. North 899,000. SAME 312

(1)NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: July 1, 2010 to July 31, 2010 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

370 43rdPl(3)Bed.,(1)Bth. #A $295,000. $250,000. $250,000. 7/15/10 251

* 4009 Landis(3)Bed.,(2)Bth. #6 439,000. SAME 425,000. 7/1/10 118

5701 Sounds(3)Bed.,(2)Bth. 1stFl 450,000. SAME 430,000. 7/1/10 52

* 4601 Landis(3)Bed.,(2)Bth. #F 440,000. SAME 433,000. 7/10/10 72

* 4601 Landis(4)Bed.,(2.5)Bth. #A 490,000. SAME 450,000. 7/17/10 115

5804 Central(4)Bed.,(2.5)Bth. South 569,000. SAME 540,000. 7/29/10 101

30 55^th(4)Bed.,(2)Bth. West 825,000. 699,000. 645,000. 7/20/10 932

367 43rdPl(4)Bed.,(3)Bth. East 849,000. SAME 799,000. 7/8/10 190

* 301 47thPl(5)Bed.,(3.5)Bth. West 1,099,000. 1,049,000. 950,000. 7/2/10 381

27 58^th(4)Bed.,(3/2)Bth. East 1,250,000. 1,199,000. 999,000. 7/30/10 149

340 47thPl(4)Bed.,(3.5)Bth. West 1,195,000. SAME 1,100,000. 7/30/10 114

* 5716 Pleasure(4)Bed.,(3)Bth. No. 1,195,000. SAME 1,110,000. 7/1/10 136

(9,096,000.) (8,824,000.) (8,131,000.) (2,611)

(5)NEW CONSTRUCTION

Average Original Average Reduced Average Sold Average Days on

List Price = $758,000. List Price = $735,333. Price = $677,583. Market = 218

- Difference between ORIGINAL List Price and SOLD Price = (11%)

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

TOTAL SEA ISLE CITY SALE INVENTORY ( AS OF 8-7-10) = 311

RESIDENTIAL 23

LOTS/LAND 5

COMMERCIAL 8

MULTI-FAMILY 11

CONDO/TOWNHOUSE 264