Full Year 2007 Summit-Chatham-Madison-Morristown Condominiums - Real Estate Market Statistics

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1 1 Berkeley Heights 5 Park Edge TwnEndUn $ 412, $ 400,000 $ 171,400 02/20/ % Berkeley Heights 34 Angela Way MultiFlr $ 425, $ 420,000 $ 217,300 01/03/ % Berkeley Heights 34 Springholm Drive TwnEndUn $ 439, $ 432,500 $ 190,100 05/02/ % Berkeley Heights 459D Springfield Ave TwnEndUn $ 459, $ 437,500 $ - 03/29/ % 5 Berkeley Heights 32 Berkeley Square TwnIntUn $ 469, $ 450,000 $ 361,400 02/16/ % Berkeley Heights 26 Berkeley Square TwnEndUn $ 470, $ 460,000 $ 413,900 10/20/ % Berkeley Heights 19 Castle Drive TwnEndUn $ 474, $ 475,000 $ 217,600 04/11/ % Berkeley Heights 7 Cardinal Court TwnEndUn $ 475, $ 450,000 $ 239,600 11/27/ % Berkeley Heights 7 Finch Court TwnEndUn $ 478, $ 460,000 $ 236,700 06/20/ % Berkeley Heights 4 Paula Way TwnEndUn $ 479, $ 477,250 $ 227,700 06/01/ % Berkeley Heights 3 Cardinal Court TwnIntUn $ 479, $ 475,000 $ 230,700 04/30/ % Berkeley Heights 24 Angela Way TwnEndUn $ 479, $ 470,000 $ 222,500 11/21/ % Berkeley Heights 5 Paula Way TwnEndUn $ 489, $ 482,000 $ 225,900 07/02/ % Berkeley Heights 5 Cardinal Court TwnIntUn $ 529, $ 512,500 $ 230,000 05/01/ % Berkeley Heights 154 Snyder Avenue TwnIntUn $ 539, $ 525,000 $ 1 06/15/ % 16 Berkeley Heights 150 Snyder TwnEndUn $ 545, $ 520,000 $ 1 06/04/ % 17 Berkeley Heights 29 Park Edge MultiFlr $ 405, $ 407,500 $ 171,400 06/20/ % Berkeley Heights 19 Daisy Rd TwnIntUn $ 415, $ 405,000 $ 227,000 06/20/ % Berkeley Heights 2 Paula Way TwnIntUn $ 417, $ 415,000 $ 217,800 01/12/ % Berkeley Heights 21 Springholm Dr TwnEndUn $ 428, $ 420,000 $ 197,900 02/15/ % Berkeley Heights 11 Cottage Ct TwnIntUn $ 435, $ 417,500 $ 203,500 09/20/ % Berkeley Heights 64 Lancelot Dr Ranch $ 437, $ 366,000 $ 196,700 02/12/ % Berkeley Heights 6 Finch Ct TwnIntUn $ 479, $ 455,000 $ 230,700 11/19/ % Berkeley Heights 4 Cottage Ct TwnEndUn $ 489, $ 472,500 $ 223,500 08/24/ % Berkeley Heights 225 Sherman Ave TwnIntUn $ 574, $ 545,000 $ 100,000 12/27/ % Berkeley Heights 51 Meadowview Ln TwnEndUn $ 679, $ 646,450 $ 280,900 05/31/ % Chatham Boro 16 Schindler TwnEndUn $ 715, $ 705,000 $ 621,500 04/25/ % Chatham Twp. 21G Heritage Drive OneFloor $ 405, $ 395,000 $ 358,100 07/13/ % Chatham Twp. 1G Heritage Drive OneFloor $ 419, $ 400,000 $ 358,100 03/30/ % Chatham Twp. 21I Heritage Drive OneFloor $ 419, $ 408,000 $ 359,000 02/28/ % 1.14 Page 1 of 8

2 31 Chatham Twp. 17C Heritage Dr FirstFlr $ 439, $ 435,000 $ 372,500 05/15/ % Chatham Twp. 18 B Heritage OneFloor $ 439, $ 425,000 $ 372,500 04/26/ % Chatham Twp. 124 Riveredge Drive TwnEndUn $ 474, $ 452,500 $ 412,600 12/09/ % Chatham Twp. 105 Canterbury Rd TwnEndUn $ 489, $ 474,000 $ 485,700 03/05/ % Chatham Twp. 182 Riveredge Drive TwnEndUn $ 489, $ 480,000 $ 402,400 06/13/ % Chatham Twp. 307 River Edge MultiFlr $ 540, $ 532,500 $ 451,400 01/19/ % Chatham Twp. 199 Terrace Dr. TwnEndUn $ 619, $ 605,000 $ 502,000 07/06/ % Chatham Twp. 287 Riveredge Drive TwnIntUn $ 627, $ 599,000 $ 451,400 12/11/ % Chatham Twp. 8 Sterling Drive TwnIntUn $ 1,235, $ 1,366,413 $ - 11/28/ % 40 Chatham Twp. 5 Spruce Lane TwnIntUn $ 1,235, $ 1,205,000 $ - 05/25/ % 41 Chatham Twp. 18 Sterling Drive TwnIntUn $ 1,255, $ 1,261,651 $ - 10/17/ % 42 Chatham Twp. 2 Sterling Drive TwnEndUn $ 1,295, $ 1,343,070 $ - 12/06/ % 43 Chatham Twp. 24G Canterbury Rd TwnEndUn $ 405, $ 375,000 $ 366,700 11/02/ % Chatham Twp. 46 Canterbury Rd TwnIntUn $ 420, $ 410,000 $ 395,000 11/16/ % Chatham Twp. 20G Heritage Dr OneFloor $ 444, $ 424,750 $ 372,500 08/10/ % Chatham Twp. 217 Terrace Dr TwnEndUn $ 579, $ 560,000 $ 502,000 09/14/ % Chatham Twp. 219 Riveredge Dr MultiFlr $ 599, $ 550,000 $ 500,200 06/30/ % Chatham Twp. 60 Canterbury Road TwnIntUn $ 599, $ 620,000 $ 599,100 09/27/ % Chatham Twp. 76 Canterbury Rd TwnIntUn $ 639, $ 614,600 $ 596,500 02/05/ % Harding Twp. 9 Hemlock Lane TwnEndUn $ 525, $ 515,000 $ 354,200 05/29/ % Harding Twp. 9 Ash Lane TwnIntUn $ 529, $ 509,500 $ 314,800 10/10/ % Harding Twp. 13 Beech Lane Contemp $ 554, $ 535,000 $ 366,800 09/07/ % Harding Twp. 5 Spruce Lane Colonial $ 699, $ 674,000 $ 440,300 08/02/ % Harding Twp. 3 Walnut Ln TwnEndUn $ 449, $ 425,000 $ 270,500 06/18/ % Harding Twp. 14 Sycamore Ln TwnEndUn $ 465, $ 445,000 $ 283,500 07/03/ % Harding Twp. 2 Walnut Ln TwnIntUn $ 499, $ 490,000 $ 304,800 06/27/ % Harding Twp. 4 Cedar Ln TwnEndUn $ 510, $ 500,000 $ 310,100 11/01/ % Madison 318 Main Street TwnIntUn $ 429, $ 400,000 $ 226,800 05/10/ % Madison 318 Main Street Unit 27 TwnEndUn $ 469, $ 455,000 $ 228,800 07/10/ % Madison 216 Mayfield Court TwnIntUn $ 499, $ 495,000 $ 263,400 06/27/ % 1.88 Page 2 of 8

3 61 Madison 90 Fairfax Court TwnIntUn $ 525, $ 520,000 $ 259,900 06/14/ % Madison 89 Fairfax Court TwnIntUn $ 549, $ 539,500 $ 259,900 07/28/ % Madison 72 Derby Court TwnIntUn $ 555, $ 540,000 $ 294,800 01/04/ % Madison 253 Plymouth Ct TwnEndUn $ 569, $ 570,000 $ 358,000 12/19/ % Madison 16 ford Ct TwnIntUn $ 574, $ 555,000 $ 296,600 04/18/ % Madison 136 Kingston Court TwnIntUn $ 600, $ 600,000 $ 336,700 07/11/ % Madison 158 Leeds Court TwnIntUn $ 609, $ 615,000 $ 337,900 04/16/ % Madison 190 Windsor Place TwnEndUn $ 649, $ 620,000 $ 356,100 03/09/ % Madison 7 Amelia Ct TwnEndUn $ 649, $ 650,000 $ 383,400 09/19/ % Madison 9 Amelia Court TwnEndUn $ 698, $ 698,000 $ 369,500 09/28/ % Madison 9 Orchard St TwnIntUn $ 400, $ 394,000 $ 205,800 02/22/ % Madison 318 Main St TwnIntUn $ 479, $ 460,000 $ 211,600 09/10/ % Madison 318 Main St #12 TwnEndUn $ 487, $ 468,000 $ 231,800 08/27/ % Madison 140 Kingston Ct TwnIntUn $ 519, $ 490,000 $ 269,500 08/21/ % Madison 260 Oxford Ct TwnIntUn $ 589, $ 585,000 $ 295,500 04/12/ % Morris Twp. 36 Witherspoon Ct TwnIntUn $ 415, $ 400,000 $ 232,200 04/27/ % Morris Twp. 14 Keats Way TwnIntUn $ 419, $ 415,000 $ 250,100 05/22/ % Morris Twp. 53 Hancock Drive TwnEndUn $ 424, $ 416,000 $ 239,800 05/15/ % Morris Twp. 1 Wildflower Lane TwnEndUn $ 424, $ 413,036 $ 234,000 03/14/ % Morris Twp. 6 Byron Avenue Contemp $ 425, $ 405,000 $ 300,600 08/30/ % Morris Twp. 22 Wildflower Lane TwnEndUn $ 429, $ 415,000 $ 241,300 04/20/ % Morris Twp. 2 Hancock Dr TwnEndUn $ 429, $ 417,500 $ 242,500 07/18/ % Morris Twp. 35 Hancock Dr TwnEndUn $ 429, $ 420,000 $ 272,600 12/13/ % Morris Twp. 51 Wildflower Lane TwnEndUn $ 434, $ 430,000 $ 222,000 03/30/ % Morris Twp. 16 Timothy Ct TwnIntUn $ 435, $ 410,000 $ 268,200 01/30/ % Morris Twp. 73 Wildflower Lane TwnIntUn $ 449, $ 444,000 $ 253,200 03/15/ % Morris Twp. 50 Keats Way TwnIntUn $ 459, $ 455,000 $ 303,600 08/17/ % Morris Twp. 75 Wildflower Lane TwnIntUn $ 464, $ 455,000 $ 266,300 06/11/ % Morris Twp. 28 Sherwood TwnIntUn $ 484, $ 465,000 $ 322,000 12/18/ % Morris Twp. 20 Northbridge Place TwnIntUn $ 495, $ 475,000 $ 295,300 10/07/ % 1.61 Page 3 of 8

4 91 Morris Twp. 25 Independence Way TwnIntUn $ 515, $ 515,500 $ 309,200 04/09/ % Morris Twp. 24 Pilgrim Court TwnIntUn $ 529, $ 514,000 $ 319,000 06/15/ % Morris Twp. 8 Independence Way TwnIntUn $ 534, $ 525,000 $ 314,400 09/05/ % Morris Twp. 27 Independence Way TwnIntUn $ 550, $ 540,000 $ 309,200 04/06/ % Morris Twp. 9 Northbridge TwnEndUn $ 569, $ 509,500 $ 337,000 08/20/ % Morris Twp. 9 Gatehouse Court TwnEndUn $ 599, $ 585,000 $ 336,100 06/21/ % Morris Twp. 20 Davenport Place TwnEndUn $ 612, $ 612,000 $ 336,600 01/03/ % Morris Twp. 20 Sherwood Drive TwnEndUn $ 619, $ 619,000 $ 417,800 01/31/ % Morris Twp. 60 Pippins Way FirstFlr $ 620, $ 615,000 $ 341,800 04/30/ % Morris Twp. 48 Byron Avenue Contemp $ 795, $ 773,250 $ 355,800 01/29/ % Morris Twp. 19 Chadwell Place TwnIntUn $ 830, $ 805,000 $ 643,500 08/28/ % Morris Twp. 41 Pippins Way TwnIntUn $ 849, $ 820,000 $ 581,100 09/28/ % Morris Twp. 53 Pippins Way TwnIntUn $ 850, $ 829,000 $ 583,100 09/18/ % Morris Twp. 29 Pippins Way TwnIntUn $ 850, $ 810,000 $ 565,400 08/17/ % Morris Twp. 31 Pippins TwnEndUn $ 1,170, $ 1,170,000 $ 625,700 12/10/ % Morris Twp. 36 Pippins Way TwnEndUn $ 1,250, $ 1,225,000 $ 612,000 12/10/ % Morris Twp. 3 Carriage Hill Drive TwnEndUn $ 1,785, $ 1,767,000 $ 1,082,600 03/15/ % Morris Twp. 90 Hancock Dr TwnEndUn $ 429, $ 416,000 $ 260,700 08/17/ % Morris Twp. 54 Hancock Dr TwnEndUn $ 435, $ 425,000 $ 268,000 07/27/ % Morris Twp. 39 Wildflower Ln TwnEndUn $ 444, $ 425,000 $ 265,800 06/11/ % Morris Twp. 14 Wildflower Ln TwnIntUn $ 449, $ 449,900 $ 261,500 04/30/ % Morris Twp. 7 Timothy Ct TwnEndUn $ 449, $ 440,000 $ 272,600 05/31/ % Morris Twp. 24 Wildflower Ln TwnEndUn $ 449, $ 435,000 $ 272,600 09/17/ % Morris Twp. 7 Shelley Pl TwnIntUn $ 459, $ 450,000 $ 300,600 07/25/ % Morris Twp. 10 Byron Ave TwnIntUn $ 474, $ 460,000 $ 285,000 08/20/ % Morris Twp. 55 Sherwood Dr TwnIntUn $ 504, $ 486,000 $ 318,400 12/21/ % Morris Twp. 44 Byron Ave TwnIntUn $ 509, $ 509,000 $ 302,300 05/29/ % Morris Twp. 57 Independence Way TwnIntUn $ 549, $ 510,000 $ 317,700 10/05/ % Morris Twp. 35 Sherwood Dr TwnIntUn $ 549, $ 532,500 $ 375,400 07/31/ % Morris Twp. 50 Independence Way TwnIntUn $ 555, $ 532,500 $ 302,400 04/02/ % 1.76 Page 4 of 8

5 121 Morris Twp. 4 Independence Way TwnIntUn $ 555, $ 545,000 $ 316,900 04/02/ % Morris Twp. 46 Keats Way TwnEndUn $ 559, $ 552,500 $ 375,800 05/18/ % Morris Twp. 38 Nottingham Ct TwnIntUn $ 589, $ 560,000 $ 318,500 09/29/ % Morris Twp. 41 Constitution Way TwnEndUn $ 629, $ 603,000 $ 334,300 05/11/ % Morris Twp. 40 Pippins Way TwnEndUn $ 1,195, $ 1,237,000 $ 633,000 08/31/ % Morris Twp. 35 Pippins Way TwnEndUn $ 1,235, $ 1,160,000 $ 646,300 07/20/ % Morristown 5-B Dorado Drive TwnIntUn $ 401, $ 408,000 $ 294,900 07/16/ % Morristown 21C King TwnEndUn $ 409, $ 393,000 $ 276,200 12/18/ % Morristown 9F Dorado Drive TwnEndUn $ 412, $ 408,000 $ 299,000 05/31/ % Morristown 114 Village Drive MultiFlr $ 415, $ 385,000 $ 294,000 02/22/ % Morristown 9 Entrance Way TwnEndUn $ 429, $ 405,000 $ 378,300 01/19/ % Morristown 44 Chestnut Street TwnEndUn $ 455, $ 450,000 $ 351,000 08/02/ % Morristown 2 Taft Lane TwnEndUn $ 464, $ 455,000 $ 352,400 07/19/ % Morristown 10 Jenni Lane TwnEndUn $ 469, $ 470,000 $ 375,400 06/06/ % Morristown 2 Jenni Lane (On The Pond)TwnIntUn $ 469, $ 460,000 $ 432,800 11/27/ % Morristown 32 Windmill Drive TwnEndUn $ 474, $ 450,000 $ 454,700 03/16/ % Morristown 4 Taft Lane TwnEndUn $ 479, $ 476,000 $ 387,500 07/23/ % Morristown 30 Taft Lane TwnIntUn $ 484, $ 480,000 $ 337,400 06/28/ % Morristown 8 Carolyn Ct. TwnIntUn $ 484, $ 475,000 $ 410,800 02/08/ % Morristown 42 Taft Lane TwnIntUn $ 489, $ 484,000 $ 337,400 06/15/ % Morristown 3 Shady Lane Colonial $ 494, $ 472,000 $ 405,000 05/04/ % Morristown 24 Taft Lane TwnEndUn $ 499, $ 488,000 $ 3,875,000 04/27/ % Morristown 4 Twombly Court TwnEndUn $ 512, $ 506,000 $ 437,800 04/26/ % Morristown 1 Jenni Lane TwnEndUn $ 517, $ 512,000 $ 386,400 09/04/ % Morristown 4 Carla Court On The Pond TwnIntUn $ 519, $ 519,000 $ 432,800 07/28/ % Morristown 13 Franklin Place,Unit 7D TwnIntUn $ 530, $ 500,000 $ 433,700 10/31/ % Morristown 13 Franklin Pl 5D TwnEndUn $ 539, $ 530,000 $ 388,300 09/06/ % Morristown 21 Green St Unit B TwnEndUn $ 549, $ 535,000 $ 364,700 12/28/ % Morristown 1 Carolyn Ct. TwnEndUn $ 564, $ 564,900 $ 458,200 06/12/ % Morristown 60 Chestnut Street OneFloor $ 624, $ 624,900 $ - 07/02/ % Page 5 of 8

6 151 Morristown 3 Guy Court TwnEndUn $ 629, $ 600,000 $ 435,600 04/16/ % Morristown 7 Prospect St. OneFloor $ 649, $ 629,900 $ 1 12/27/ % 153 Morristown 37 Community Place TwnIntUn $ 895, $ 910,000 $ 669,500 07/18/ % Morristown 38 Dehart Street TwnIntUn $ 1,235, $ 1,200,000 $ - 11/16/ % 155 Morristown 21 Community Place TwnEndUn $ 1,375, $ 1,270,000 $ 855,200 08/14/ % Morristown 32 Dehart Street TwnEndUn $ 1,380, $ 1,380,000 $ - 11/16/ % 157 Morristown 3 Entrance Ave TwnEndUn $ 409, $ 395,000 $ 369,300 06/22/ % Morristown 10-E Dorado Dr TwnEndUn $ 409, $ 400,000 $ 294,900 07/16/ % Morristown 51 Hill St TwnEndUn $ 419, $ 413,000 $ 375,500 08/06/ % Morristown 1-B Dorado Dr TwnIntUn $ 425, $ 425,000 $ 294,900 04/20/ % Morristown 12 Carla Ct TwnIntUn $ 444, $ 433,000 $ 356,600 04/16/ % Morristown 8 Thomas Trail TwnIntUn $ 459, $ 440,000 $ 410,800 11/30/ % Morristown 34 Windmill Dr TwnIntUn $ 464, $ 450,000 $ 421,800 03/13/ % Morristown 34 Twombly Court TwnEndUn $ 489, $ 475,000 $ 427,900 09/05/ % Morristown 57 Taft Ln TwnIntUn $ 497, $ 485,000 $ 337,400 02/23/ % Morristown 7 Windmill Dr TwnEndUn $ 498, $ 475,000 $ 454,700 07/19/ % Morristown 47 Hill St TwnIntUn $ 499, $ 467,000 $ 380,900 05/17/ % Morristown 12 Twombly Ct Unit D TwnEndUn $ 529, $ 510,000 $ 437,800 03/26/ % Morristown 10 Twombly Ct Unit B TwnEndUn $ 529, $ 529,900 $ 456,400 05/31/ % Morristown 42 Windmill Dr TwnEndUn $ 545, $ 545,000 $ 421,700 06/15/ % New Providence 35 Murray Hill Square TwnEndUn $ 409, $ 409,000 $ 207,200 02/09/ % New Providence 6 Southgate Road (B-2) TwnIntUn $ 415, $ 407,000 $ 210,000 04/19/ % New Providence 39 Murray Hill Square TwnEndUn $ 424, $ 416,000 $ 210,600 03/30/ % New Providence 1200 Springfield TwnIntUn $ 435, $ 410,000 $ - 01/23/ % 175 New Providence 49 Murray Hill Square Custom $ 439, $ 395,000 $ 254,000 09/28/ % New Providence 6 Southgate Rd (B-3) TwnEndUn $ 420, $ 412,000 $ 210,000 06/25/ % New Providence 6 Southgate Rd (A-3) TwnEndUn $ 449, $ 442,000 $ 230,000 03/21/ % New Providence 6 Southgate Rd (A-2) TwnIntUn $ 469, $ 425,000 $ 230,000 02/21/ % New Providence 21 Murray Hill Square TwnEndUn $ 649, $ 645,000 $ 345,900 05/01/ % New Providence 35 Timothy Field Rd Colonial $ 1,175, $ 1,110,000 $ 461,600 01/12/ % 2.40 Page 6 of 8

7 181 Summit 412 Morris Ave - Unit 47C FirstFlr $ 405, $ 405,000 $ - 09/11/ % 182 Summit New England Avenue OneFloor $ 409, $ 409,000 $ - 06/15/ % 183 Summit 777 Springfield Avenue TwnIntUn $ 440, $ 437,000 $ 180,100 06/22/ % Summit New England Avenue FirstFlr $ 449, $ 450,000 $ - 07/25/ % 185 Summit 412#56 Morris Ave (Bldg 6) TwnEndUn $ 462, $ 462,500 $ - 03/21/ % 186 Summit 103 E-103 Park Avenue OneFloor $ 465, $ 440,000 $ 159,500 10/05/ % Summit New England Avenue TwnEndUn $ 489, $ 480,000 $ - 11/29/ % 188 Summit New England Avenue TwnEndUn $ 489, $ 475,000 $ - 12/20/ % 189 Summit New England Avenue TwnEndUn $ 489, $ 489,000 $ - 12/12/ % 190 Summit New England Avenue TwnEndUn $ 489, $ 489,000 $ - 12/04/ % 191 Summit New England Avenue OneFloor $ 499, $ 460,000 $ - 08/23/ % 192 Summit 103 Park Ave Unit E104 OneFloor $ 509, $ 495,000 $ 151,700 01/16/ % Summit New England Avenue TwnEndUn $ 549, $ 474,500 $ - 11/20/ % 194 Summit New England Avenue TwnEndUn $ 549, $ 489,000 $ - 11/16/ % 195 Summit 10 Euclid Avenue OneFloor $ 579, $ 555,000 $ - 07/06/ % 196 Summit 29 Eggers Court TwnIntUn $ 639, $ 639,900 $ - 02/28/ % 197 Summit 20 Eggers Court TwnIntUn $ 699, $ 699,900 $ - 10/12/ % 198 Summit 1 Euclid Avenue 4C OneFloor $ 719, $ 702,000 $ 228,100 01/31/ % Summit 24 Eggers Court TwnEndUn $ 719, $ 700,000 $ - 07/25/ % 200 Summit 18 Eggers Court TwnEndUn $ 719, $ 719,900 $ - 05/18/ % 201 Summit 58 Eggers Court TwnIntUn $ 749, $ 749,900 $ - 11/02/ % 202 Summit 60 Eggers Court TwnIntUn $ 749, $ 739,000 $ - 09/14/ % 203 Summit 62 Eggers Court TwnEndUn $ 759, $ 739,900 $ - 08/17/ % 204 Summit 40 Eggers Court TwnIntUn $ 769, $ 754,000 $ - 12/14/ % 205 Summit 61 Eggers Court TwnIntUn $ 809, $ 794,900 $ - 12/07/ % 206 Summit New England Avenue OneFloor $ 889, $ 889,000 07/19/ % 207 Summit 25 Norwood Avenue TwnIntUn $ 1,295, $ 1,235,000 $ 719,400 04/04/ % Summit 25 Norwood Avenue TwnEndUn $ 1,795, $ 1,625,000 $ 690,000 07/17/ % Summit 133 Summit Avenue Unit #2 FirstFlr $ 400, $ 375,000 $ - 07/02/ % 210 Summit 103 Park Ave Unit B6 TwnIntUn $ 462, $ 449,000 $ 157,700 10/30/ % 2.85 Page 7 of 8

8 211 Summit 11 Euclid Ave Unit 7D HighRise $ 499, $ 473,500 $ 202,800 05/31/ % Summit 91 Springfield Avenue Unitj TwnEndUn $ 545, $ 520,000 $ 211,300 01/26/ % Summit 10 Euclid Avenue, Unit 502 HighRise $ 745, $ 700,000 $ - 09/21/ % 214 Summit 25 Norwood Avenue Unit 10 TwnIntUn $ 1,495, $ 1,450,000 $ 694,400 07/02/ % 2.09 SUMMARY Average Days on Market 77 Average List Price $583,819 Average Sales Price $568,714 % of List Price to Sales Price 97.30% Sales Price to Assessed Value 1.65 # of Units for the Month 214 AVERAGES $583,819 $568, % 1.65 Page 8 of 8

9 Full Year 2007 YEAR-TO-DATE Summit-Chatham-Madison-Morristown Condominiums - Real Estate Market Statistics January February March April May June July August September October November December YTD Days on Market 77 Average List Price $ 583,819 Average Sales Price $ 568,714 % of List Price to Sales Price 97.30% Assessed Value to Sales Price 1.65 # Units Sold to 2009 Summit-Chatham-Madison-Morristown Condominiums Summary Average Days on Market Average List Price $ 551,866 $ 528,564 $ 569,739 $ 583,819 Average Sales Price $ 548,763 $ 526,288 $ 555,038 $ 568,714 % of LP:SP 99.40% 99.68% 97.15% 97.30% Sales Price to Assessed Value Units Sold Deemed reliable but but not guaranteed Premier Properties

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