4^TH QUARTER – STONE HARBOR, NJ – 2009 STATISTICS:

RESIDENTIAL UNDER CONTRACT COMPARABLE SALES

OCTOBER 2 6

NOVEMBER 3 6

DECEMBER 2 4

(7) (16)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

OCTOBER $1,818,583. $1,800,917. $1,573,750. 123

NOVEMBER 1,420,500. 1,277,000. 1,200,750. 368

DECEMBER 2,255,000. 2,047,500. 1,873,375. 133

4^TH QTR

AVERAGE ($1,831,361.) ($1,708,473.) ($1,549,292.) (208)

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

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

LOTS/LAND UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 1 0

DECEMBER 0 0

(1)

COMMERCIAL UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 0 0

DECEMBER 0 0

MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 0 0

DECEMBER 0 0

CONDO/TWONHOUSE UNDER CONTRACT COMPARABLE SALES

OCTOBER 2 1

NOVEMBER 1 2

DECEMBER 0 3

(3) (6)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

OCTOBER $370,900. $369,899. $395,000. 126

NOVEMBER 792,500. 772,500. 720,000. 164

DECEMBER 391,000. 379,667. 375,000. 90

4^TH QTR

AVERAGE ($518,133.) ($507,355.) ($496,667.) (127)

- Difference between ORIGINAL List Price and SOLD Price = (4%)

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

2009 STONE HARBOR, NJ: 1^ST QTR – 2^ND QTR – 3^RD QTR – 4^TH QTR STATISTICS:

RESIDENTIAL:

Average Original Average Reduced Average Sold Average Days on

List Price List Price Price Market

1^ST QTR $ 1,874,167. $1,758,833. $1,573,333. 168

2^ND QTR 2,508,083. 2,437,250. 1,946,097. 175

3^RD QTR 1,728,333. 1,624,778. 1,465,067. 254

4^TH QTR 1,831,361. 1,708,473. 1,549,292. 208

2009 Average: $ 1,985,486. $ 1,882,333. $ 1,633,447. 201

TOTAL RESIDENTIAL UNITS: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 8 3

2^ND QTR 3 9

3^RD QTR 13 11

4^TH QTR 7 16

(31) (39)

TOTAL RESIDENTIAL – NEW CONSTRUCTION SOLD = (6)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 0 0

2^ND QTR 0 0

3^RD QTR 0 0

4^TH QTR 1 0

(1) (0)

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 0 0

2^ND QTR 1 0

3^RD QTR 0 0

4^TH QTR 0 0

(1) (0)

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 0 1

2^ND QTR 0 1

3^RD QTR 2 2

4^TH QTR 0 0

(2) (4)

CONDO/TOWNHOUSE:

Average Original Average Reduced Average Sold Average Days on

List Price List Price Price Market

1^ST QTR $ 999,633. $ 612,667. $ 565,373. 561

2^ND QTR 413,031. 404,809. 376,050. 106

3^RD QTR 582,333. 521,333. 468,889. 427

4^TH QTR 518,133. 507,355. 496,667. 127

2009 Average: $ 628,282. $ 511,541. $ 476,745. 305

TOTAL CONDO/TOWNHOUSE UNITS: UNDER CONTRACT COMPARABLE SALES

1^ST QTR 1 3

2^ND QTR 4 8

3^RD QTR 4 5

4^TH QTR 3 6

(12) (22)

TOTAL CONDO/TOWNHOUSE – NEW CONSTRUCTION = SOLD = (0)

^{TOTAL 2009 - STONE HARBOR SALES (ALL CLASSES) = 65}

^{RESIDENTIAL 39}

^{LOTS/LAND 0}

^{COMMERCIAL 0}

^{MULTI-FAMILY 4}

^{CONDO/TOWNHOUSE 22}