2009 – APRIL – STONE HARBOR,NJ:

RESIDENTIAL – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (1)

                                                           ORIGINAL               REDUCED            DAYS ON

ADDRESS                                         LIST PRICE             LIST PRICE         MARKET

8726 Sunset Dr (4)Bed.,(2.5)Bth.      $1,399,000.                 $1,099,000.                  239

RESIDENTIAL – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (3)

                                                ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                             LIST PRICE      PRICE         PRICE         DATE      onMkt

43 Weber Ct(2)Bed.,(1)Bth.   $559,000.              SAME       $508,000.       4/15/09      58

165 93^rd (3)Bed.,(2)Bth.         1,395,000.             SAME       1,281,000.      4/20/09       256

9911 Sunrise(4)Bed(2.5)Bth.  2,795,000.        2,495,000.      2,125,000.      4/30/09      147

                                              (4,749,000.)       (4,449,000.)   (3,914,000.)                     (461)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,583,000.     List Price = $1,483,000.     Price = $1,304,667.   Market = 154

- Difference between ORIGINAL List Price and SOLD Price = (18%)

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

LOTS/LAND – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

COMMERCIAL – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

MULTI-FAMILY – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (1)

                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                      LIST PRICE        LIST PRICE        MARKET

420 99^TH St. (3)Bed.,(1)Bth. 2ndFl.Rear         $445,000.                SAME                      33

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

TOTAL STONE HARBOR SALE INVENTORY (AS OF 6-5-2009) = 216

RESIDENTIAL                                                          117

LOTS/LAND                                                               11

COMMERCIAL                                                          8

MULTI-FAMILY                                                        19

CONDO/TOWNHOUSE                                            61