2010 – APRIL – AVALON,NJ:

RESIDENTIAL – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (1)

ORIGINIAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

223 13^TH St. (5)Bed.,(3)Bth. $899,000. SAME 6

RESIDENTIAL – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (4)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

284 25^th (2)Bed.,(1)Bth. $699,900. $625,000. $616,000. 4/12/10 179

148 37^th (4)Bed.,(2.5)Bth. 1,175,000. SAME 1,150,000. 4/30/10 39

156 37^th (5)Bed.,(3.5)Bth. 1,275,000. 1,200,000. 1.175,000. 4/30/10 225

141 77^th (5)Bed.,(5.5)Bth. 4,495,000. 3,995,000. 3,660,000. 4/22/10 629

(7,644,900.) (6,995,000.) (6,601,000.) (1,072)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,911,225. List Price = $1,748,750. Price = $1,650,250. Market = 268

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

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

LOTS/LAND – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

261 42^ND St. (50’x110’) $749,900. SAME $675,000. 4/15/10 60

COMMERCIAL – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (0)

MULTI-FAMILY – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

296 65^th (2)Bed.,(1)Bth. #D $479,000. SAME 134

2137 Ocean Dr. (4)Bed.,(2.5)Bth. #2137 649,000. $599,900. 105

353 39^th (4)Bed.,(3)Bth. West 1,250,000. 1,199,000. 101

CONDO/TOWNHOUSE - COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

478 20^th (3)Bed.,(2)Bth. #B $599,500. $550,000. $450,000. 4/23/10 470

* 271 W. 29^th (4)Bed.,(3.5)Bth. 799,000. SAME 795,000. 4/16/10 46

2069 Harbor(4)Bed.,(3.5)Bth. #A 950,000. SAME 920,000. 4/12/10 67

(1) NEW CONSTRUCTION

(2,348,500.) (2,299,000.) (2,165,000.) (583)

Average Original Average Reduced Average Sold Average Days on

List Price = $782,833. List Price = $766,333. Price = $721,667. Market = 194

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

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

TOTAL AVALON SALE INVENTORY (AS OF 5/29/10) = 428:

RESIDENTIAL 239

LOTS/LAND 26

COMMERCIAL 17

MULTI-FAMILY 12

CONDO/TOWNHOUSE 134