2009 – FEBRUARY - STONE HARBOR, NJ:

RESIDENTIAL – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (2)

                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                        LIST PRICE           LIST PRICE         MARKET

43 Weber Ct.(2)Bed.,(1)Bth.             $559,000.                    SAME                        1

8801 Penna.Ave.(5)Bed.,(5/2)Bth.   3,195,000.                2,849,000.                      409

RESIDENTIAL – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (2)

                                               ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                            LIST PRICE    PRICE           PRICE        DATE         MARKET

9200 First(4)Bed.,(2)Bth.      $1,985,000.         SAME          $1,890,000.   2/7/09            16

120 114^th(4)Bed.,(2)Bth.         2,900,000.         SAME            2,400,000.   2/11/09           125

(4,855,000.)        (4,855,000.)    (4,290,000.)                       (141)

Average Original            Average Reduced            Average SOLD            Average Days on

List Price = $2,427,500.  List Price = $2,427,500.  Price = $2,145,000.      Market = 70

- Difference between ORIGINAL List Price and SOLD Price = (12%)

- Difference between ORIGINAL List Price and REDUCED Price = (0%)

LOTS/LAND – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

COMMERCIAL – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

MULTI-FAMILY – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (1)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE      PRICE         PRICE        DATE      onMkt

275 103^rd(5)Bed.,(2)Bth. Rear        $1,349,000.        $789,000.       $725,000.   2/6/09           730

- Difference between ORIGINAL List Price and SOLD Price = (46%)

- Difference between ORIGINAL List Price and REDUCED Price = (42%)

TOTAL STONE HARBOR SALE INVENTORY (AS OF 3/6/2009) = 210

RESIDENTIAL                                      114

LOTS/LAND                                           9

COMMERCIAL                                     8

MULTI-FAMILY                                   20

CONDO/TOWNHOUSE                        59