2009 – JUNE – STONE HARBOR, NJ:

RESIDENTIAL – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

RESIDENTIAL – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (4)

                                               ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                            LIST PRICE     PRICE            PRICE      DATE         onMkt

8726 Sunset(4)Bed.,(2.5)Bth. $1,399,000.      $1,099,000.     $1,090,000.   6/8/09         301

8704 Penna.(3)Bed.,(2)Bth.      1,287,000.          SAME           1,120,000.   6/30/09       82

11810 Third(3)Bed.,(1.5)Bth.   1,399,000.          SAME           1,174,500.   6/15/09       97

100 108^th(5)Bed.,(2/2)Bth.        1,900,000.        1,750,000.       1,600,000.   6/8/09         160

                                               (5,985,000.)        (5,535,000.)     (4,984,500.)                 (640)

Average Original                Average Reduced                Average Sold              Average Days

List Price = $1,496,250. List Price = $1,383,750.      Price = $1,246,125.     on Mkt = 160

- Difference between ORIGINAL List Price and SOLD Price = (17%)

- Difference between ORIGINAL List Price and REDUCED Price = (8%)

LOTS/LAND – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

COMMERCIAL – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

MULTI-FAMILY – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (1)

                                                                          ORIGINAL          REDUCED          DAYS

ADDRESS                                                        LIST PRICE        LIST PRICE       onMkt

260 83^rd(4)Bed.,(2)Bth. North                          $729,000.                  SAME                   18

CONDO/TOWNHOUSE – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (5)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                        LIST PRICE     PRICE        PRICE        DATE      onMkt

10120 Third(0)Bed.,(1)Bth. #6         $174,900.             SAME        $150,000.    6/4/09          73

420 99^th(3)Bed.,(1)Bth. 2ndFlRear     445,000.             SAME          412,000.    6/8/09          79

8218 Third(3)Bed.,(2)Bth. #A            519,900.             SAME          500,000.    6/15/09        123

15 99^th(3)Bed.,(2)Bth. #C                   789,000.             SAME          690,000.    6/22/09        105

286 83^rd(4)Bed.,(3.5)Bth. West           995,000.             SAME         965,000.    6/19/09         197

                                                          (2,923,800.)       (2,923,800.)   (2,717,000.)                  (577)

Average Original              Average Reduced               Average Sold               Average Days List Price = $584,760.       List Price = $584,760.        Price = $543,400.         on Market = 115

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

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

TOTAL STONE HARBOR SALE INVENTORY (AS OF 7/28/09) = (220)

RESIDENTIAL                                 122

LOTS/LAND                                      9

COMMERCIAL                                12

MULTI-FAMILY                              19

CONDO/TOWNHOUSE                   58