NOVEMBER-2008-STONE HARBOR, NJ:

RESIDENTIAL – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

RESIDENTIAL – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (4)

                                                ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                             LIST PRICE     PRICE           PRICE      DATE         ON MKT.

35 Weber Ct. (1)Bed.,(1)Bth.   $525,000.         $495,000.      $447,000.    11/3/08          395

10911 Sunset(3)Bed.,(2)Bth.   1,775,000.            SAME       1,600,000.    11/21/08        84

8519 Third(4)Bed.,(3)Bth.       2,300,000.            SAME       1,750,000.    11/24/08        521

119 90TH (4)Bed.,(3/2)Bth.      2,995,000.        2,895,000.     2,675,000.    11/7/08          732

                                               (7,595,000.)      (7,465,000.)   (6,472,000.)                      (1,732)

Average Originial            Average Reduced              Average Sold               Average Days on

List Price = 1,898,750.     List Price = $1,866,250.     Price = $1,618,000.     Market =433

-         -         Difference between Original List Price and SOLD Price = (15%)

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

 

LOTS / LAND – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

LOTS / LAND – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 12-14-2008) = 220

RESIDENTIAL                                   115

LOTS/LAND                                        8

COMMERCIAL                                  11

MULTI-FAMILY                                23

CONDO/TOWNHOUSE                     63