2009 – AUGUST – STONE HARBOR, NJ:

RESIDENTIAL – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (4)

                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                            LIST PRICE             LIST PRICE            MARKET

11021 Second(3)Bed.,(1.5)Bth.            $ 1,199,000.                $ 789,000.                     709

280 109^th (4)Bed.,(4.5)Bth.                      1,495,000.                   SAME                        61

134 110^th (6)Bed.,(4)Bth.                         1,849,000.                   SAME                        87

* 10514 Second (5)Bed.,(4/2)Bth.           2,675,000.                   SAME                        54

(1) NEW CONSTRUCTION

RESIDENTIAL – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (3)

                                                  ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                LIST PRICE     PRICE          PRICE       DATE        onMkt

306 94^th(5)Bed.,(4.5)Bth.          $ 2,095,000.       $ 1,795,000.   $ 1,650,000.  8/28/09        357

8901 First(5)Bed.,(2.5)Bth.          1,895,000.       SAME               1,750,000.  8/6/09          89

* 207 92^nd(6)Bed.,(4.5)Bth.          2,495,000.         2,395,000.       2,225,000.  8/12/09        197

(1) NEW CONSTRUCTION

                                                   (6,485,000.)      (6,085,000.)      (5,625,000.)                  (643)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $2,161,667.     List Price = $2,028,333.     Price = $1,875,000.     Market = 214

- Difference between ORIGINAL List Price and SOLD Price = (13%)

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

LOTS/LAND – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 – (0)

COMMERCIAL – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

MULTI-FAMILY – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (1)

                                                             ORIGINAL               REDUCED               DAYS ON

ADDRESS                                          LIST PRICE             LIST PRICE             MARKET

243 B 88^TH ST: (1/1)Bed.,(1/1)Bth.    $ 549,000.                   $ 429,000.                       471

MULTI-FAMILY – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (2)

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE         MARKET

10120 Third(0)Bed.,(1)Bth. #2                        $ 194,500.                   SAME                      111

9501 Sunset(2)Bed.,(2)Bth.                                 370,900.               $ 369,899.                    73

CONDO/TOWNHOUSE – COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (1)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                     LIST PRICE       PRICE         PRICE        DATE      onMkt

260 83^rd (4)Bed.,(2)Bth. North       $ 729,000.            SAME          $ 660,000.    8/14/09        84

TOTAL STONE HARBOR SALE INVENTORY (AS OF 9-15-09) = 207

RESIDENTIAL                                                              115

LOTS/LAND                                                                   9

COMMERCIAL                                                             12

MULTI-FAMILY                                                           17

CONDO/TOWNHOUSE                                               54