AVAILABLE PROPERTIES  As of January 15, 2008
  Listings Avg. Price Median Price DOM
         
Single Family        
Avalon 188 $2,248,973 $1,972,500 251
Avalon Manor 16 $1,078,931 $ 955,000 257
Stone Harbor 102 $2,515,775 $2,395,000 195
Stone Harbor Manor 3 $ 646,867 $ 699,000 248
SUB TOTAL 309 $2,260,904 $1,995,000 233
         
Lots / Land        
Avalon 18 $1,837,833 $1,492,500 315
Avalon Manor 9 $ 718,867 $ 679,000 271
Stone Harbor 9 $2,155,333 $1,849,000 294
Stone Harbor Manor 1 $ 955,000 $ 955,000 125
SUB TOTAL 37 $1,620,103 $1,289,000 294
         
Multi-Family Duplex        
Avalon 9 $1,245,666 $1,119,000 325
Stone Harbor 17 $1,645,765 $1,595,000 340
SUB TOTAL 26 $1,507,269 $1,447,000 335
         
Multi-Family Four-Plex        
Avalon 1 $1,990,000 $1,990,000 125
         
Multi-Family Triplex        
Avalon 1 $2,695,000 $2,695,000 138
Stone Harbor 1 $4,000,000 $4,000,000 548
SUB TOTAL 2 $3,347,500 $3,347,500 343
         
Condo        
Avalon 44 $658,292 $649,500 232
Stone Harbor 35 $722,483 $699,000 293
Stone Harbor Manor 3 $826,667 $775,000 309
SUB TOTAL 82 $691,851 $694,000 260
         
Townhouse        
Avalon 83 $1,049,539 $899,000 294
Stone Harbor 19 $1,159,469 $1,049,000 197
Stone Harbor Manor 1 $749,000 $749,00 308
SUB TOTAL 103 1,066,899 $945,000 279
         
All Available Units 561 $1,736,283 $1,349,000 254
 
Current Market Snapshot
SOLD MARKET ANALYSIS Avalon/Stone Harbor 2007 4th Quarter
  Sales Avg. Price Median Price Avg. DOM Active Median Price
         
Single Family            
Avalon 19 $1,762,500 $1,400,000 266 198 $1,992,500
Avalon Manor - - - - 17 $1,015,000
Stone Harbor 15 $970,347 $1,962,500 326 111 $2,300,000
Stone Harbor Manor 1 $560,000 $560,000 54 3 $699,000
TOTALS 35 $1,817,220 $1,550,000 286 329 $1,995,000
             
Lots / Land            
Avalon - - - - 17 $1, 690,000
Avalon Manor - - - - 9 $679,000
Stone Harbor 1 $865,000 $865,000 141 9 $1,849,000
Stone Harbor Manor - - - - 1 $995,000
TOTALS 1 $865,000 $865,000 141 36 $1,292,000
             
Multi-Family            
Avalon - - - - 11 $1,195,000
Stone Harbor 1 $865,000 $865,000 141 19 $1,595,000
TOTALS 1 $865,000 $865,000 141 30 $1,530,000
             
Condo/Townhouses            
Avalon 14 $700,279 $717,000 164 134 $849,000
Stone Harbor 6 $659,417 $654,500 170 61 $775,000
Stone Harbor Manor 2 $742,500 $752,500 144 4 $773,000
TOTALS 22 $692,973 $687,500 164 199 $799,000
             
TOTAL LISTINGS 59 $1,365,731 $940,000 235 598 $1,299,000
 
Current Market Snapshot
YEAR END SOLD MARKET ANALYSIS Single Family By Location 2006-2007
Price Range By Location   Total Market Price Summary   All Sold Listings   Number of Sales
 

Sales

  

Avg. Price

  

Median Price
  2006 2007 2006 2007 2006 2007
Beachfront            
Avalon 9 3 5,152,777 6,875,000 4,600,000 4,450,000
Stone Harbor 2 4 4,975,000 4,273,750 4,975,000 4,072,500
TOTAL 11 7 5,120,545 5,388,571 4,700,000 4,450,000
             
Beachblock            
Avalon 8 22 2,871,875 2,688,682 2,937,500 2,625,000
Stone Harbor 7 2 2,866,428 3,212,500 3,200,000 2,312,500
TOTAL 15 24 2,869,333 2,732,333 3,200,000 2,625,000
             
Bayfront            
Avalon 20 14 3,499,700 2,894,643 3,284,500 3,000,000
Avalon Manor 1 2 975,000 1,000,000 975,000 1,000,000
Stone Harbor 4 9 3,233,750 2,706,778 2,957,500 1,950,000
Stone Harbor Manor 1 1 310,000 725,000 310,000 725,000
             
TOTAL 26 26 3,356,100 2,392,731 3,172,000 2,450,000
 
Current Market Snapshot
YEAR END SOLD MARKET ANALYSIS By Location & Price 2006-2007
Single Family By Location   Total Market Price Summary   All Sold Listings   Number of Sales
Price Range

Sales
  2006 2007
Beachfront    
$2 million - $2,999,999 0 1
$3 million - $3,999,999 3 0
$4 million - $4,999,999 3 4
$5 million and up 5 3
Total 11 8
     
Beachblock    
Up to $2 million 3 3
$2 million - $2,999,999 4 11
$3 million - $3,999,999 8 7
$4 million - $4,999,999 0 2
$5 million and up 0 1
Total 15 24
     
Bayfront    
Up to $2 million 6 12
$2 million - $2,999,999 6 6
$3 million - $3,999,999 7 6
$4 million - $4,999,999 4 1
$5 million and up 3 1
Total 26 26
 
All Condo-Townhouse Market At A Glance

7%
2006 vs. 2007

42%
     
Stone Harbor Market At A Glance

15%
2006 vs. 2007

 
Single-family

40%

12%
Condo/
Townhouse

39%
     
 

Current Market Snapshot
YEAR END SOLD MARKET ANALYSIS Total Market Price Summary 2006-2007
Single Family By Location   Price Range By Location   All Sold Listings   Number of Sales
All Single-Family Market At A Glance

12%
2006 vs. 2007

6%
 

 

   

 
Good News!

All available inventory
is down nearly 10%
since October 2007
 

     

 

  
Market Price

Sales
2006 2007
Single Family    
Up to $1 million 27 42
$1 million - $2 million 75 73
$2 million - $3 million 27 33
$3 million - $4 million 21 19
$4 million and up 15 8
     
Condo/Townhouse    
Up to $500,000 37 53
$500,000 - $700,000 66 120
$700,000 - $1 million 79 88
$1 million and up 18 20
  12 14
 
Current Market Snapshot
YEAR END SOLD MARKET ANALYSIS All Sold Listings 2006-2007
Single Family By Location   Price Range By Location   Total Market Price Summary   Number of Sales
  Units Avg. Price Median Price
2006 406 1,389,000 968,000
2007 498 1,192,000 837,000
       
 
Current Market Snapshot
YEAR END SOLD MARKET ANALYSIS Number of Sales 2006-2007
Single Family By Location   Price Range By Location   Total Market Price Summary   All Sold Listings
Avalon Market At A Glance

12%
2006 vs. 2007

 
Single-family

6%

5%
Condo/
Townhouse

58%
 

2007 Year End Market History
Avalon sales in all categories
Year Units Sold Avg. Sale Price +941%
2007 165 $1,613,000
2006 158 $1,883,000
2005 302 $1,458,342
2004 351 $1,348,000
2003 313 $988,191
2002 344 $756,565
2001 245 $711,553
2000 314 $665,200
1999 348 $455,100
1998 348 $357,500
1997 354 $356,300
1996 290 $285,451
1995 262 $303,111
1994 214 $285,498
1993 202 $305,715
1992 230 $300,807
1991 220 $303,790
1990 224 $339,660
1989 256 $318,270
1988 389 $281,370
1987 315 $214,750
1986 286 $191,450
1985 231 $267,450
1984 226 $158,890
1983 228 $158,160
1982 233 $154,890
 
 
Number of Sales 2006 2007
Single Family    
   Avalon 106 99
   Avalon Manor 2 3
   Sea Isle City 14 11
   Stone Harbor 43 60
   Stone Harbor Manor 1 3
   TOTAL 166 176
     
Condo/Townhouse    
   Avalon 40 63
   Sea Isle City 136 213
   Stone Harbor 33 20
   Stone Harbor Manor 2 3
   TOTAL 211 299
 
Average Price 2006 2007
Single Family    
   Avalon 2,383,793 2,092,338
   Avalon Manor 871,500 853,333
   Sea Isle City 998,837 1,003,132
   Stone Harbor 2,260,221 1,984,000
   Stone Harbor Manor 310,000 595,000
   OVERALL AVG. 2,204,269 1,942,271
     
Condo/Townhouse    
   Avalon 884,000 843,000
   Sea Isle City 805,000 731,000
   Stone Harbor 676,174 596,000
   Stone Harbor Manor 765,000 862,000
   OVERALL AVG. 799,481 747,000
 
Median Price 2006 2007
Single Family    
   Avalon 1,864,000 1,795,000
   Avalon Manor 871,500 560,000
   Sea Isle City 950,000 815,000
   Stone Harbor 1,900,000 1,617,000
   Stone Harbor Manor 310,000 560,000
   TOTAL 1,800,000 1,595,000
     
Condo/Townhouse    
   Avalon 750,000 843,000
   Sea Isle City 775,000 703,000
   Stone Harbor 640,000 604,000
   Stone Harbor Manor 765,000 860,000
   TOTAL 760,000 705,000
 
Average Days on Market 2006 2007
Single Family    
   Avalon 212 223
   Avalon Manor 270 285
   Sea Isle City 195 160
   Stone Harbor 202 263
   Stone Harbor Manor 316 130
   TOTAL AVERAGE 209 232