Real Estate Trends in Spring Lake

Sold Date St # St Name Sold Price Assessment DOM %Sold/Assd

01/10/07 210 LORRAINE AVE $ 1,368,000 $ 1,629,600 61 83.95%
01/10/07 118 YORK AVE $ 2,400,000 $ 2,209,000 98 108.65%
01/16/07 422 JERSEY AVE $ 1,110,000 $ 1,174,200 237 94.53%
01/17/07 315 WORTHINGTON AVE $ 872,500 $ 1,020,100 298 85.53%
01/30/07 217 PENNSYLVANIA AVE $ 999,000 $ 828,400 49 120.59%
01/30/07 413 MONMOUTH AVE $ 1,460,000 NEW 78 NA
01/31/07 25 LUDLOW AVE $ 3,200,000 $ 2,944,100 81 108.69%
02/21/07 402 BRIGHTON AVE $ 2,000,000 $ 2,107,000 237 94.92%
02/28/07 1903 3RD AVE $ 1,590,000 NEW 15 NA
03/01/07 2007 4TH AVE $ 1,250,000 $ 1,378,700 140 90.67%
03/08/07 410 SALEM AVE $ 842,000 $ 884,400 34 95.21%
03/14/07 513 TUTTLE AVE $ 1,410,000 $ 1,402,300 22 100.55%
03/14/07 212 WASHINGTON AVE $ 1,990,000 $ 1,907,300 13 104.34%
03/22/07 100 NEWARK AVE $ 2,000,000 $ 2,037,000 172 98.18%
04/04/07 1901 3RD AVE $ 1,396,500 NEW 40 NA
04/12/07 106 2ND AVE $ 2,250,000 $ 1,913,500 211 117.59%
04/17/07 505 PASSAIC AVE $ 750,000 $ 774,200 18 96.87%
04/30/07 9 SALEM AVE $ 2,495,000 $ 2,162,900 8 115.35%
05/01/07 213 WASHINGTON AVE $ 1,362,500 $ 1,460,800 431 93.27%
05/01/07 308 BRIGHTON $ 2,500,000 $ 2,045,400 432 122.23%
05/04/07 12 MADISON AVE $ 6,200,000 NEW 118 NA
05/11/07 513 JERSEY AVE $ 835,000 $ 781,000 281 106.91%
05/11/07 508 TUTTLE AVE $ 1,537,500 $ 818,500 349 187.84%
05/15/07 328 PITNEY AVE $ 1,175,000 $ 1,127,000 20 104.26%
05/18/07 6 SEAWOOD WAY $ 1,600,000 $ 1,741,800 41 91.86%
05/18/07 200 WASHINGTON AVE $ 2,250,000 $ 2,111,030 68 106.58%
05/18/07 120 LUDLOW AVE $ 6,500,000 $ 3,941,600 110 164.91%
05/24/07 2123 EDGEWOOD PL $ 834,000 $ 761,200 264 109.56%
05/31/07 312 WORTHINGTON AVE $ 1,410,000 $ 1,330,200 182 106.00%
06/06/07 424 BRIGHTON AVE $ 875,000 $ 884,000 140 98.98%
06/06/07 415 SUSSEX AVE $ 1,159,000 $ 1,115,000 345 103.95%
06/14/07 801 5TH AVE $ 999,000 $ 1,044,200 14 95.67%
06/14/07 326 SOUTH BLVD $ 1,170,000 $ 1,260,400 6 92.83%
06/14/07 306 PITNEY AVE $ 1,250,000 $ 1,341,300 90 93.19%
06/21/07 413 WASHINGTON AVE $ 850,000 $ 1,092,600 118 77.80%
06/22/07 405 MERCER AVE $ 1,249,500 $ 1,030,600 14 121.24%
06/22/07 807 LAKE AVE $ 1,600,000 $ 1,685,600 147 94.92%
06/27/07 212 HOWELL AVE $ 1,650,000 $ 1,659,500 13 99.43%
07/02/07 100 OCEAN AVE $ 5,100,000 $ 4,532,900 13 112.51%
07/13/07 1011 5TH AVE $ 1,380,000 $ 1,689,800 178 81.67%
07/16/07 424 MERCER AVE $ 999,900 $ 1,338,400 5 74.71%
07/18/07 312 LUDLOW AVE $ 1,410,000 $ 1,282,200 241 109.97%

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 07/19/07 209 REMSEN AVE $ 2,575,000 $ 2,421,500 146 106.34%
07/19/07 1805 OCEAN AVE $ 9,350,000 $ 3,784,700 95 247.05%
07/20/07 419 CHURCH ST $ 1,299,000 $ 1,414,700 186 91.82%
07/26/07 2505 OCEAN AVE $ 6,000,000 $ 4,254,500 202 141.03%
08/24/07 307 PITNEY AVE $ 1,500,000 $ 1,110,600 54 135.06%
08/24/07 12 SEAWOOD WAY $ 1,799,000 $ 1,974,000 3 91.13%
10/01/07 2306 4TH AVE $ 747,200 $ 850,000 15 87.91%
10/19/07 301 SOUTH BLVD $ 1,625,000 $ 1,523,000 128 106.70%
10/19/07 426 PASSAIC AVE $ 1,699,000 NEW 93 NA
10/24/07 218 OCEAN RD $ 999,900 $ 1,207,100 307 82.83%
11/01/07 8 BRIGHTON AVE $ 4,450,000 $ 3,517,300 42 126.52%
11/06/07 15 MERCER AVE $ 3,313,000 $ 2,475,400 332 133.84%
11/16/07 201 VROOM AVE $ 3,450,000 NEW 299 NA
11/19/07 400 ESSEX AVE $ 2,700,000 $ 2,931,400 141 92.11%
01/11/08 19 TUTTLE AVE $ 3,830,000 $ 2,186,700 28 175.15%
01/25/08 206 VROOM AVE $ 2,300,000 $ 1,862,000 14 123.52%
02/15/08 1311 4TH AVE $ 1,195,000 $ 1,172,400 61 101.93%
02/29/08 1001 1ST AVE $ 5,550,000 $ 5,408,900 132 102.61%
03/12/08 211 WORTHINGTON AVE $ 3,725,000 NEW 243 NA
03/14/08 2 ELIZABETH CT $ 1,180,000 $ 984,100 20 119.91%
03/20/08 15 YORK AVE $ 1,645,000 $ 1,549,800 25 106.14%
04/10/08 111 ATLANTIC AVE $ 2,750,000 NEW 41 NA
04/14/08 417 LUDLOW AVE $ 805,000 $ 937,400 133 85.88%
04/14/08 418 WORTHINGTON AVE $ 816,000 $ 935,900 51 87.19%
04/18/08 9 MONROE AVE $ 2,375,000 $ 2,514,100 70 94.47%
04/19/08 208 HOWELL AVE $ 1,775,000 $ 1,726,000 47 102.84%
04/23/08 424 SUSSEX AVE $ 1,600,000 $ 1,418,400 79 112.80%
05/01/08 506 JERSEY AVE $ 830,000 $ 768,700 66 107.97%
05/01/08 419 CHURCH ST $ 1,425,000 $ 1,414,700 3 100.73%
05/01/08 7 OCEAN AVE $ 1,925,000 $ 2,465,900 140 78.06%
05/01/08 216 MONMOUTH AVE $ 2,375,000 $ 1,500,000 315 158.33%
06/04/08 203 REMSEN AVE $ 2,115,000 $ 2,735,200 98 77.33%
06/26/08 204 WASHINGTON AVE $ 2,500,000 $ 2,017,200 28 123.93%
06/30/08 2007 OCEAN AVE $ 2,550,000 $ 2,733,700 217 93.28%
07/02/08 2009 OCEAN AVE $ 3,450,000 $ 3,952,200 97 87.29%
07/02/08 15 SAINT CLAIR AVE $ 3,700,000 $ 3,531,100 98 104.78%
07/03/08 218 TUTTLE AVE $ 1,312,500 $ 1,319,200 14 99.49%
07/09/08 101 WASHINGTON AVE $ 2,425,000 $ 2,446,000 263 99.14%
07/18/08 313 SOUTH BLVD $ 1,100,000 $ 1,236,800 80 88.94%
07/28/08 411 JERSEY AVE $ 1,450,000 $ 1,172,800 25 123.64%
08/04/08 306 WASHINGTON AVE $ 850,000 $ 939,700 1 90.45%
08/05/08 423 JERSEY AVE $ 845,000 $ 873,800 38 96.70%
08/05/08 307 ST CLAIR AVE $ 2,514,000 $ 2,217,500 396 113.37%
08/06/08 22 WORTHINGTON AVE $ 2,600,000 $ 3,010,000 170 86.38%

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 08/13/08 2219 FIRST AVE $ 2,735,000 NEW 188 NA
08/18/08 425 WASHINGTON AVE $ 750,000 $ 959,200 173 78.19%
08/20/08 409 OCEAN RD $ 650,000 $ 825,700 126 78.72%
08/25/08 1907 ADRIAN AVE $ 2,150,000 $ 2,667,300 62 80.61%
08/29/08 511 ESSEX AVE $ 575,000 $ 702,300 299 81.87%
09/05/08 120 WORTHINGTON AVE $ 4,200,000 $ 2,693,300 119 155.94%
09/08/08 106 SUSSEX AVE $ 1,629,000 $ 2,102,300 21 77.49%
09/30/08 2112 EDGEWOOD PL $ 1,400,000 $ 1,677,600 1 83.45%
09/30/08 314 JERSEY AVE $ 2,000,000 $ 1,010,900 18 197.84%
10/01/08 119 NEWARK AVE $ 2,500,000 $ 2,259,400 102 110.65%
10/02/08 310 WORTHINGTON AVE $ 950,000 $ 1,072,900 4 88.55%
10/02/08 304 SAINT CLAIR AVE $ 1,390,000 $ 1,096,400 13 126.78%
10/17/08 214 TUTTLE AVE $ 1,600,000 $ 1,674,200 9 95.57%
10/21/08 307 ATLANTIC AVE $ 1,265,000 $ 1,133,400 55 111.61%
10/29/08 308 LUDLOW AVE $ 810,000 $ 926,000 5 87.47%
10/30/08 317 JERSEY AVE $ 1,150,000 $ 1,068,600 85 107.62%
11/03/08 15 GLENWOOD PL $ 1,499,000 $ 1,477,200 6 101.48%
11/19/08 500 ST CLAIR AVE $ 1,055,000 NEW 444 NA
11/21/08 503 WASHINGTON AVE $ 685,000 $ 770,800 101 88.87%
12/04/08 412 ESSEX AVE $ 1,556,350 $ 1,301,400 39 119.59%
12/15/08 12 RED OAK DR $ 1,600,000 $ 2,119,700 584 75.48%
01/09/09 415 WORTHINGTON AVE $ 812,000 $ 945,000 81 85.93%
02/13/09 1202 5TH AVE $ 720,000 $ 903,200 111 79.72%
03/23/09 1213 4TH AVE $ 937,500 $ 1,094,000 27 85.69%
04/02/09 8 VALENDORA CT $ 737,500 $ 695,400 549 106.05%
04/03/09 208 MONROE AVE $ 1,327,000 $ 1,482,400 125 89.52%
04/09/09 11 MONROE AVE $ 3,050,000 $ 3,586,000 304 85.05%
04/16/09 418 WORTHINGTON AVE $ 1,700,000 NEW 218 NA
05/04/09 101 MONROE AVE $ 4,112,500 $ 4,167,000 36 98.69%
05/18/09 38 VROOM AVE $ 3,100,000 $ 3,116,700 165 99.46%
05/21/09 218 SALEM AVE $ 950,000 $ 1,025,500 22 92.64%
05/26/09 206 LORRAINE AVE $ 1,500,000 $ 1,691,200 104 88.69%
05/27/09 308 WASHINGTON AVE $ 975,000 $ 1,025,700 217 95.06%
05/29/09 506 BRIGHTON AVE $ 655,000 $ 900,000 180 72.78%
06/10/09 2013 5TH AVE $ 1,225,000 NEW 687 NA
06/19/09 210 MADISON AVE $ 2,400,000 $ 1,980,500 184 121.18%
06/24/09 416 MORRIS AVE $ 1,625,000 $ 1,679,600 70 96.75%
06/26/09 103 ATLANTIC AVE $ 1,145,000 $ 1,238,900 120 92.42%
06/30/09 29 SOUTH BLVD $ 1,676,000 $ 2,512,100 340 66.72%
07/08/09 321 LUDLOW AVE $ 745,000 $ 917,600 102 81.19%
07/09/09 324 PITNEY AVE $ 775,000 $ 1,038,600 331 74.62%
07/16/09 215 HOWELL AVE $ 1,650,000 $ 1,781,800 251 92.60%
07/24/09 2006 4TH AVE $ 849,000 $ 1,079,600 246 78.64%
07/31/09 426 PASSAIC AVE $ 1,699,000 $ 1,737,300 23 97.80%
08/05/09 2103 OCEAN AVE $ 4,500,000 $ 6,486,600 350 69.37%

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 08/06/09 8 MONMOUTH SHIRE LN $ 1,562,000 $ 2,218,000 97 70.42%
08/14/09 214 SOUTH BLVD $ 1,299,999 $ 1,618,200 64 80.34%
09/08/09 104 BRIGHTON AVE $ 2,050,000 $ 2,881,200 69 71.15%
09/08/09 101 JERSEY AVE $ 2,725,000 $ 3,491,700 404 78.04%
09/14/09 205 TUTTLE AVE $ 4,500,000 $ 2,377,000 48 189.31%
09/15/09 515 JERSEY AVE $ 616,250 $ 662,700 398 92.99%
09/22/09 100 JERSEY AVE $ 2,460,000 $ 2,836,200 672 86.74%
09/25/09 315 WORTHINGTON AVE $ 2,000,000 NEW 7 NA
09/30/09 504 ESSEX AVE $ 775,000 $ 911,400 180 85.03%
10/01/09 217 VROOM AVE $ 1,210,000 $ 1,636,000 7 73.96%
10/05/09 410 MONMOUTH AVE $ 1,280,000 $ 1,133,500 132 112.92%
10/09/09 313 PENNSYLVANIA AVE $ 800,000 $ 909,500 246 87.96%
10/19/09 1702 3RD AVE $ 1,900,000 $ 2,139,900 534 88.79%
10/20/09 208 MORRIS AVE $ 1,825,000 $ 1,622,000 13 112.52%
10/23/09 5 SOUTH BLVD $ 1,600,000 $ 2,565,600 116 62.36%
10/29/09 312 PENNSYLVANIA AVE $ 900,000 $ 1,022,500 4 88.02%
10/30/09 401 ST CLAIR AVE $ 2,200,000 $ 2,196,800 176 100.15%
10/30/09 2222 OCEAN AVE $ 5,558,500 $ 6,112,500 139 90.94%
11/16/09 400 MORRIS AVE $ 1,075,000 $ 1,068,700 50 100.59%
11/23/09 505 WASHINGTON AVE $ 645,000 $ 760,900 69 84.77%
11/23/09 2000 ADRIAN AVE $ 4,500,000 $ 4,202,700 64 107.07%
11/24/09 306 WORTHINGTON AVE $ 995,000 $ 1,275,600 192 78.00%
12/04/09 809 WEST LAKE AVE $ 1,875,000 $ 1,780,900 76 105.28%
12/05/09 332 SOUTH BLVD $ 900,000 $ 944,600 375 95.28%
12/07/09 204 REMSEN AVE $ 1,650,000 $ 2,506,100 234 65.84%
12/09/09 420 CENTRAL AVE $ 904,687 $ 857,600 61 105.49%
12/14/09 109 MONMOUTH AVE $ 1,850,000 $ 2,375,000 117 77.89%
12/15/09 425 MONMOUTH AVE $ 799,000 $ 937,300 450 85.24%
01/04/10 1209 FOURTH AVE $ 785,000 $ 925,300 60 84.84%
01/12/10 221 WORTHINGTON AVE $ 1,330,000 $ 1,404,600 13 94.69%
01/13/10 23 PITNEY AVE $ 2,275,000 $ 2,945,400 716 77.24%
01/29/10 13 WARREN AVE $ 3,000,000 $ 3,281,800 226 91.41%
02/08/10 7 JERSEY LN $ 639,000 $ 699,300 23 91.38%
03/08/10 601 OCEAN AVE $ 3,700,000 $ 4,178,500 238 88.55%
03/25/10 414 WORTHINGTON AVE $ 1,730,000 NEW 111 NA
03/25/10 11 YORK AVE $ 2,070,000 $ 2,099,000 205 98.62%
03/26/10 220 ST CLAIR AVE $ 1,950,000 $ 1,867,800 2 104.40%
04/01/10 116 NEWARK AVE $ 3,450,000 $ 3,351,100 88 102.95%
04/09/10 219 ST CLAIR AVE $ 2,650,000 $ 2,610,000 6 101.53%
04/15/10 307 MONMOUTH AVE $ 999,500 $ 980,900 27 101.90%
04/23/10 314 TUTTLE AVE $ 975,000 $ 1,274,900 195 76.48%
05/05/10 36 WORTHINGTON AVE $ 1,620,000 $ 2,220,700 166 72.95%
05/06/10 411 WASHINGTON AVE $ 1,050,000 $ 1,056,400 383 99.39%
05/07/10 425 MERCER AVE $ 965,000 $ 1,087,600 34 88.73%

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 05/13/10 2122 FOURTH AVE $ 770,000 $ 760,500 22 101.25%
05/13/10 10 SALEM AVE $ 1,625,000 $ 1,724,700 11 94.22%
05/17/10 418 CENTRAL AVE $ 869,000 $ 732,000 25 118.72%
05/18/10 500 PROSPECT AVE $ 470,000 $ 762,000 301 61.68%
05/25/10 117 JERSEY AVE $ 3,646,000 $ 3,346,200 259 108.96%
06/01/10 400 JERSEY AVE $ 745,000 $ 858,000 219 86.83%
06/04/10 113 MERCER AVE $ 1,399,000 $ 1,573,000 19 88.94%
06/08/10 325 CHURCH ST $ 825,000 $ 1,013,000 111 81.44%
06/11/10 408 MORRIS AVE $ 890,000 $ 933,400 29 95.35%
06/22/10 308 BRIGHTON AVE $ 2,625,000 $ 2,064,200 55 127.17%
06/22/10 905 OCEAN AVE $ 7,665,000 $ 5,695,000 731 134.59%
06/25/10 401 ATLANTIC AVE $ 875,000 $ 928,100 206 94.28%
06/30/10 1 ST CLAIR AVE $ 9,900,000 $ 9,324,600 45 106.17%
07/01/10 1 PITNEY AVE $ 2,400,000 $ 2,769,300 577 86.66%
07/12/10 108 SUSSEX AVE $ 2,200,000 $ 2,396,800 22 91.79%
07/23/10 2123 EDGEWOOD PL $ 625,000 $ 761,200 127 82.11%
07/26/10 0 TUTTLE AVE $ 975,000 NEW 150 NA
07/29/10 8 MERCER AVE $ 3,406,250 $ 3,555,300 46 95.81%
07/30/10 2004 4TH AVE $ 1,600,000 $ 1,390,400 7 115.07%
08/02/10 312 TUTTLE AVE $ 1,225,000 NEW 171 NA
08/02/10 1 YORK AVE $ 2,280,000 $ 3,086,400 206 73.87%

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 Quarterly Data
Avg Days on Mkt Avg Sale Price Median Price Avg % Sold/Assd #ofSales Mkt Cap
110 Q1 2007 $1,606,536 $ 1,435,000 98.82% 14 $22,491,500
144 Q2 2007 $1,829,083 $ 1,379,500 109.15% 24 $43,898,000
112 Q3 2007 $3,141,290 $ 1,649,500 119.13% 10 $31,412,900
170 Q4 2007 $2,373,013 $ 2,199,500 104.98% 8 $18,984,100
75 Q1 2008 $2,775,000 $ 2,300,000 121.54% 7 $19,425,000
99 Q2 2008 $1,833,923 $ 1,925,000 101.90% 13 $23,841,000
115 Q3 2008 $1,912,395 $ 1,629,000 101.35% 19 $36,335,500
121 Q4 2008 $1,338,363 $ 1,327,500 101.24% 12 $16,060,350
73 Q1 2009 $823,167 $ 812,000 83.78% 3 $2,469,500
221 Q2 2009 $1,745,200 $ 1,500,000 92.69% 15 $26,178,000
216 Q3 2009 $1,880,417 $ 1,650,000 89.16% 15 $28,206,249
161 Q4 2009 $1,708,799 $ 1,280,000 90.69% 19 $32,467,187
177 Q1 2010 $1,942,111 $ 1,950,000 91.39% 9 $17,479,000
147 Q2 2010 $2,200,675 $ 999,500 97.18% 20 $44,013,500
Q3 2010
Q4 2010

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 Spring Lake
Median Sale Price
Tre n d l i n e
$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010

Spring Lake
Average Sale Price
Tre n d l i n e
$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 Spring Lake
Avg % Sold/Assd
130.00%

120.00%

110.00%

100.00%

90.00%

80.00%

70.00%

60.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010

Spring Lake
Avg Days on Market
250

200

150

100

50

0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417
 Spring Lake
Number of Sales
30

25

20

15

10

0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010

Spring Lake
Dollar Value of Sales
$50,000,000
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010

Information Declared Reliable but not Guaranteed

Provided by Michael J. Mulroy
mmulroy@lifeatthejerseyshore.com
201.400.4417