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

1 Berkeley Heights 5 Park Edge TwnEndUn $ 412,000 2 2 $ 400,000 $ 171,400 02/20/07 27 97.09% 2.33 2 Berkeley Heights 34 Angela Way MultiFlr $ 425,000 2 2.1 $ 420,000 $ 217,300 01/03/07 125 98.82% 1.93 3 Berkeley Heights 34 Springholm Drive TwnEndUn $ 439,900 3 2.1 $ 432,500 $ 190,100 05/02/07 44 98.32% 2.28 4 Berkeley Heights 459D Springfield Ave TwnEndUn $ 459,900 2 2.1 $ 437,500 $ - 03/29/07 49 95.13% 5 Berkeley Heights 32 Berkeley Square TwnIntUn $ 469,000 3 2.1 $ 450,000 $ 361,400 02/16/07 111 95.95% 1.25 6 Berkeley Heights 26 Berkeley Square TwnEndUn $ 470,000 3 2.1 $ 460,000 $ 413,900 10/20/07 103 97.87% 1.11 7 Berkeley Heights 19 Castle Drive TwnEndUn $ 474,500 2 2.1 $ 475,000 $ 217,600 04/11/07 16 100.11% 2.18 8 Berkeley Heights 7 Cardinal Court TwnEndUn $ 475,000 3 3.1 $ 450,000 $ 239,600 11/27/07 80 94.74% 1.88 9 Berkeley Heights 7 Finch Court TwnEndUn $ 478,000 2 2.1 $ 460,000 $ 236,700 06/20/07 89 96.23% 1.94 10 Berkeley Heights 4 Paula Way TwnEndUn $ 479,500 3 3.1 $ 477,250 $ 227,700 06/01/07 186 99.53% 2.10 11 Berkeley Heights 3 Cardinal Court TwnIntUn $ 479,900 2 2.1 $ 475,000 $ 230,700 04/30/07 14 98.98% 2.06 12 Berkeley Heights 24 Angela Way TwnEndUn $ 479,900 3 2.2 $ 470,000 $ 222,500 11/21/07 111 97.94% 2.11 13 Berkeley Heights 5 Paula Way TwnEndUn $ 489,900 2 2.2 $ 482,000 $ 225,900 07/02/07 37 98.39% 2.13 14 Berkeley Heights 5 Cardinal Court TwnIntUn $ 529,000 3 2.1 $ 512,500 $ 230,000 05/01/07 154 96.88% 2.23 15 Berkeley Heights 154 Snyder Avenue TwnIntUn $ 539,000 3 2.1 $ 525,000 $ 1 06/15/07 209 97.40% 16 Berkeley Heights 150 Snyder TwnEndUn $ 545,900 3 2.1 $ 520,000 $ 1 06/04/07 440 95.26% 17 Berkeley Heights 29 Park Edge MultiFlr $ 405,000 2 2 $ 407,500 $ 171,400 06/20/07 27 100.62% 2.38 18 Berkeley Heights 19 Daisy Rd TwnIntUn $ 415,000 2 2.1 $ 405,000 $ 227,000 06/20/07 21 97.59% 1.78 19 Berkeley Heights 2 Paula Way TwnIntUn $ 417,900 2 2.1 $ 415,000 $ 217,800 01/12/07 112 99.31% 1.91 20 Berkeley Heights 21 Springholm Dr TwnEndUn $ 428,000 2 2.1 $ 420,000 $ 197,900 02/15/07 43 98.13% 2.12 21 Berkeley Heights 11 Cottage Ct TwnIntUn $ 435,000 2 2.1 $ 417,500 $ 203,500 09/20/07 90 95.98% 2.05 22 Berkeley Heights 64 Lancelot Dr Ranch $ 437,500 2 2 $ 366,000 $ 196,700 02/12/07 107 83.66% 1.86 23 Berkeley Heights 6 Finch Ct TwnIntUn $ 479,000 2 2.1 $ 455,000 $ 230,700 11/19/07 15 94.99% 1.97 24 Berkeley Heights 4 Cottage Ct TwnEndUn $ 489,900 3 2.1 $ 472,500 $ 223,500 08/24/07 62 96.45% 2.11 25 Berkeley Heights 225 Sherman Ave TwnIntUn $ 574,900 3 3.1 $ 545,000 $ 100,000 12/27/07 120 94.80% 5.45 26 Berkeley Heights 51 Meadowview Ln TwnEndUn $ 679,900 3 2.1 $ 646,450 $ 280,900 05/31/07 101 95.08% 2.30 27 Chatham Boro 16 Schindler TwnEndUn $ 715,000 3 3.1 $ 705,000 $ 621,500 04/25/07 4 98.60% 1.13 28 Chatham Twp. 21G Heritage Drive OneFloor $ 405,000 2 2 $ 395,000 $ 358,100 07/13/07 139 97.53% 1.10 29 Chatham Twp. 1G Heritage Drive OneFloor $ 419,000 2 2 $ 400,000 $ 358,100 03/30/07 128 95.47% 1.12 30 Chatham Twp. 21I Heritage Drive OneFloor $ 419,000 2 2 $ 408,000 $ 359,000 02/28/07 52 97.37% 1.14 Page 1 of 8

31 Chatham Twp. 17C Heritage Dr FirstFlr $ 439,000 2 2 $ 435,000 $ 372,500 05/15/07 123 99.09% 1.17 32 Chatham Twp. 18 B Heritage OneFloor $ 439,000 2 2 $ 425,000 $ 372,500 04/26/07 110 96.81% 1.14 33 Chatham Twp. 124 Riveredge Drive TwnEndUn $ 474,900 2 2 $ 452,500 $ 412,600 12/09/07 68 95.28% 1.10 34 Chatham Twp. 105 Canterbury Rd TwnEndUn $ 489,000 2 2.1 $ 474,000 $ 485,700 03/05/07 152 96.93% 0.98 35 Chatham Twp. 182 Riveredge Drive TwnEndUn $ 489,900 2 2 $ 480,000 $ 402,400 06/13/07 101 97.98% 1.19 36 Chatham Twp. 307 River Edge MultiFlr $ 540,000 3 2.1 $ 532,500 $ 451,400 01/19/07 70 98.61% 1.18 37 Chatham Twp. 199 Terrace Dr. TwnEndUn $ 619,900 3 2.1 $ 605,000 $ 502,000 07/06/07 50 97.60% 1.21 38 Chatham Twp. 287 Riveredge Drive TwnIntUn $ 627,000 3 2.1 $ 599,000 $ 451,400 12/11/07 66 95.53% 1.33 39 Chatham Twp. 8 Sterling Drive TwnIntUn $ 1,235,000 3 4.1 $ 1,366,413 $ - 11/28/07 212 110.64% 40 Chatham Twp. 5 Spruce Lane TwnIntUn $ 1,235,000 3 4.1 $ 1,205,000 $ - 05/25/07 39 97.57% 41 Chatham Twp. 18 Sterling Drive TwnIntUn $ 1,255,000 3 4.1 $ 1,261,651 $ - 10/17/07 28 100.53% 42 Chatham Twp. 2 Sterling Drive TwnEndUn $ 1,295,000 3 4.1 $ 1,343,070 $ - 12/06/07 179 103.71% 43 Chatham Twp. 24G Canterbury Rd TwnEndUn $ 405,000 2 2 $ 375,000 $ 366,700 11/02/07 154 92.59% 1.02 44 Chatham Twp. 46 Canterbury Rd TwnIntUn $ 420,000 2 1.1 $ 410,000 $ 395,000 11/16/07 24 97.62% 1.04 45 Chatham Twp. 20G Heritage Dr OneFloor $ 444,900 2 2 $ 424,750 $ 372,500 08/10/07 53 95.47% 1.14 46 Chatham Twp. 217 Terrace Dr TwnEndUn $ 579,000 3 2.1 $ 560,000 $ 502,000 09/14/07 149 96.72% 1.12 47 Chatham Twp. 219 Riveredge Dr MultiFlr $ 599,000 2 2.1 $ 550,000 $ 500,200 06/30/07 85 91.82% 1.10 48 Chatham Twp. 60 Canterbury Road TwnIntUn $ 599,000 3 2.1 $ 620,000 $ 599,100 09/27/07 11 103.51% 1.03 49 Chatham Twp. 76 Canterbury Rd TwnIntUn $ 639,000 3 2.1 $ 614,600 $ 596,500 02/05/07 37 96.18% 1.03 50 Harding Twp. 9 Hemlock Lane TwnEndUn $ 525,000 3 2.1 $ 515,000 $ 354,200 05/29/07 22 98.10% 1.45 51 Harding Twp. 9 Ash Lane TwnIntUn $ 529,000 2 2.1 $ 509,500 $ 314,800 10/10/07 95 96.31% 1.62 52 Harding Twp. 13 Beech Lane Contemp $ 554,900 2 2.1 $ 535,000 $ 366,800 09/07/07 11 96.41% 1.46 53 Harding Twp. 5 Spruce Lane Colonial $ 699,900 3 3 $ 674,000 $ 440,300 08/02/07 108 96.30% 1.53 54 Harding Twp. 3 Walnut Ln TwnEndUn $ 449,000 2 2 $ 425,000 $ 270,500 06/18/07 115 94.65% 1.57 55 Harding Twp. 14 Sycamore Ln TwnEndUn $ 465,000 2 2 $ 445,000 $ 283,500 07/03/07 86 95.70% 1.57 56 Harding Twp. 2 Walnut Ln TwnIntUn $ 499,000 2 2.1 $ 490,000 $ 304,800 06/27/07 19 98.20% 1.61 57 Harding Twp. 4 Cedar Ln TwnEndUn $ 510,000 2 2.1 $ 500,000 $ 310,100 11/01/07 17 98.04% 1.61 58 Madison 318 Main Street TwnIntUn $ 429,000 2 2.1 $ 400,000 $ 226,800 05/10/07 246 93.24% 1.76 59 Madison 318 Main Street Unit 27 TwnEndUn $ 469,000 2 2.1 $ 455,000 $ 228,800 07/10/07 52 97.01% 1.99 60 Madison 216 Mayfield Court TwnIntUn $ 499,900 2 2.1 $ 495,000 $ 263,400 06/27/07 24 99.02% 1.88 Page 2 of 8

61 Madison 90 Fairfax Court TwnIntUn $ 525,000 2 2.1 $ 520,000 $ 259,900 06/14/07 23 99.05% 2.00 62 Madison 89 Fairfax Court TwnIntUn $ 549,000 2 2.2 $ 539,500 $ 259,900 07/28/07 42 98.27% 2.08 63 Madison 72 Derby Court TwnIntUn $ 555,000 3 2.1 $ 540,000 $ 294,800 01/04/07 84 97.30% 1.83 64 Madison 253 Plymouth Ct TwnEndUn $ 569,900 3 2.1 $ 570,000 $ 358,000 12/19/07 22 100.02% 1.59 65 Madison 16 ford Ct TwnIntUn $ 574,000 3 2.1 $ 555,000 $ 296,600 04/18/07 75 96.69% 1.87 66 Madison 136 Kingston Court TwnIntUn $ 600,000 3 2.1 $ 600,000 $ 336,700 07/11/07 29 100.00% 1.78 67 Madison 158 Leeds Court TwnIntUn $ 609,000 3 2.2 $ 615,000 $ 337,900 04/16/07 2 100.99% 1.82 68 Madison 190 Windsor Place TwnEndUn $ 649,000 3 2.1 $ 620,000 $ 356,100 03/09/07 31 95.53% 1.74 69 Madison 7 Amelia Ct TwnEndUn $ 649,900 2 2.1 $ 650,000 $ 383,400 09/19/07 139 100.02% 1.70 70 Madison 9 Amelia Court TwnEndUn $ 698,000 3 2.1 $ 698,000 $ 369,500 09/28/07 11 100.00% 1.89 71 Madison 9 Orchard St TwnIntUn $ 400,000 2 1.1 $ 394,000 $ 205,800 02/22/07 36 98.50% 1.91 72 Madison 318 Main St TwnIntUn $ 479,000 2 1.1 $ 460,000 $ 211,600 09/10/07 104 96.03% 2.17 73 Madison 318 Main St #12 TwnEndUn $ 487,000 2 2.1 $ 468,000 $ 231,800 08/27/07 29 96.10% 2.02 74 Madison 140 Kingston Ct TwnIntUn $ 519,000 2 2.1 $ 490,000 $ 269,500 08/21/07 79 94.41% 1.82 75 Madison 260 Oxford Ct TwnIntUn $ 589,000 3 2.1 $ 585,000 $ 295,500 04/12/07 13 99.32% 1.98 76 Morris Twp. 36 Witherspoon Ct TwnIntUn $ 415,000 3 2.1 $ 400,000 $ 232,200 04/27/07 9 96.39% 1.72 77 Morris Twp. 14 Keats Way TwnIntUn $ 419,900 2 2.1 $ 415,000 $ 250,100 05/22/07 100 98.83% 1.66 78 Morris Twp. 53 Hancock Drive TwnEndUn $ 424,500 2 2.1 $ 416,000 $ 239,800 05/15/07 158 98.00% 1.73 79 Morris Twp. 1 Wildflower Lane TwnEndUn $ 424,500 3 2.1 $ 413,036 $ 234,000 03/14/07 50 97.30% 1.77 80 Morris Twp. 6 Byron Avenue Contemp $ 425,000 2 2.1 $ 405,000 $ 300,600 08/30/07 132 95.29% 1.35 81 Morris Twp. 22 Wildflower Lane TwnEndUn $ 429,000 2 2.1 $ 415,000 $ 241,300 04/20/07 144 96.74% 1.72 82 Morris Twp. 2 Hancock Dr TwnEndUn $ 429,900 2 2.1 $ 417,500 $ 242,500 07/18/07 49 97.12% 1.72 83 Morris Twp. 35 Hancock Dr TwnEndUn $ 429,900 2 2.1 $ 420,000 $ 272,600 12/13/07 32 97.70% 1.54 84 Morris Twp. 51 Wildflower Lane TwnEndUn $ 434,900 2 2.1 $ 430,000 $ 222,000 03/30/07 24 98.87% 1.94 85 Morris Twp. 16 Timothy Ct TwnIntUn $ 435,000 2 2.1 $ 410,000 $ 268,200 01/30/07 90 94.25% 1.53 86 Morris Twp. 73 Wildflower Lane TwnIntUn $ 449,900 2 2.1 $ 444,000 $ 253,200 03/15/07 65 98.69% 1.75 87 Morris Twp. 50 Keats Way TwnIntUn $ 459,900 2 2.1 $ 455,000 $ 303,600 08/17/07 94 98.93% 1.50 88 Morris Twp. 75 Wildflower Lane TwnIntUn $ 464,000 3 2.1 $ 455,000 $ 266,300 06/11/07 6 98.06% 1.71 89 Morris Twp. 28 Sherwood TwnIntUn $ 484,000 2 1.1 $ 465,000 $ 322,000 12/18/07 67 96.07% 1.44 90 Morris Twp. 20 Northbridge Place TwnIntUn $ 495,000 2 2.1 $ 475,000 $ 295,300 10/07/07 100 95.96% 1.61 Page 3 of 8

91 Morris Twp. 25 Independence Way TwnIntUn $ 515,000 3 2.1 $ 515,500 $ 309,200 04/09/07 15 100.10% 1.67 92 Morris Twp. 24 Pilgrim Court TwnIntUn $ 529,000 3 2.1 $ 514,000 $ 319,000 06/15/07 86 97.16% 1.61 93 Morris Twp. 8 Independence Way TwnIntUn $ 534,000 3 2.1 $ 525,000 $ 314,400 09/05/07 121 98.31% 1.67 94 Morris Twp. 27 Independence Way TwnIntUn $ 550,000 3 2.1 $ 540,000 $ 309,200 04/06/07 36 98.18% 1.75 95 Morris Twp. 9 Northbridge TwnEndUn $ 569,000 3 2.1 $ 509,500 $ 337,000 08/20/07 13 89.54% 1.51 96 Morris Twp. 9 Gatehouse Court TwnEndUn $ 599,000 2 2.1 $ 585,000 $ 336,100 06/21/07 39 97.66% 1.74 97 Morris Twp. 20 Davenport Place TwnEndUn $ 612,000 2 2 $ 612,000 $ 336,600 01/03/07 8 100.00% 1.82 98 Morris Twp. 20 Sherwood Drive TwnEndUn $ 619,000 3 2.1 $ 619,000 $ 417,800 01/31/07 78 100.00% 1.48 99 Morris Twp. 60 Pippins Way FirstFlr $ 620,000 2 3 $ 615,000 $ 341,800 04/30/07 41 99.19% 1.80 100 Morris Twp. 48 Byron Avenue Contemp $ 795,000 3 2.1 $ 773,250 $ 355,800 01/29/07 8 97.26% 2.17 101 Morris Twp. 19 Chadwell Place TwnIntUn $ 830,000 2 2.1 $ 805,000 $ 643,500 08/28/07 42 96.99% 1.25 102 Morris Twp. 41 Pippins Way TwnIntUn $ 849,000 2 2.1 $ 820,000 $ 581,100 09/28/07 56 96.58% 1.41 103 Morris Twp. 53 Pippins Way TwnIntUn $ 850,000 2 2.1 $ 829,000 $ 583,100 09/18/07 360 97.53% 1.42 104 Morris Twp. 29 Pippins Way TwnIntUn $ 850,000 3 2.1 $ 810,000 $ 565,400 08/17/07 28 95.29% 1.43 105 Morris Twp. 31 Pippins TwnEndUn $ 1,170,000 3 2.1 $ 1,170,000 $ 625,700 12/10/07 6 100.00% 1.87 106 Morris Twp. 36 Pippins Way TwnEndUn $ 1,250,000 3 2.1 $ 1,225,000 $ 612,000 12/10/07 3 98.00% 2.00 107 Morris Twp. 3 Carriage Hill Drive TwnEndUn $ 1,785,000 3 4.1 $ 1,767,000 $ 1,082,600 03/15/07 53 98.99% 1.63 108 Morris Twp. 90 Hancock Dr TwnEndUn $ 429,000 3 2.1 $ 416,000 $ 260,700 08/17/07 40 96.97% 1.60 109 Morris Twp. 54 Hancock Dr TwnEndUn $ 435,000 2 2.1 $ 425,000 $ 268,000 07/27/07 32 97.70% 1.59 110 Morris Twp. 39 Wildflower Ln TwnEndUn $ 444,900 2 2.1 $ 425,000 $ 265,800 06/11/07 45 95.53% 1.60 111 Morris Twp. 14 Wildflower Ln TwnIntUn $ 449,000 3 2.1 $ 449,900 $ 261,500 04/30/07 55 100.20% 1.72 112 Morris Twp. 7 Timothy Ct TwnEndUn $ 449,900 2 2.1 $ 440,000 $ 272,600 05/31/07 121 97.80% 1.61 113 Morris Twp. 24 Wildflower Ln TwnEndUn $ 449,900 2 2.1 $ 435,000 $ 272,600 09/17/07 26 96.69% 1.60 114 Morris Twp. 7 Shelley Pl TwnIntUn $ 459,900 2 2.1 $ 450,000 $ 300,600 07/25/07 95 97.85% 1.50 115 Morris Twp. 10 Byron Ave TwnIntUn $ 474,900 2 2.2 $ 460,000 $ 285,000 08/20/07 83 96.86% 1.61 116 Morris Twp. 55 Sherwood Dr TwnIntUn $ 504,000 2 2.1 $ 486,000 $ 318,400 12/21/07 136 96.43% 1.53 117 Morris Twp. 44 Byron Ave TwnIntUn $ 509,000 2 2.1 $ 509,000 $ 302,300 05/29/07 15 100.00% 1.68 118 Morris Twp. 57 Independence Way TwnIntUn $ 549,000 3 3.1 $ 510,000 $ 317,700 10/05/07 118 92.90% 1.61 119 Morris Twp. 35 Sherwood Dr TwnIntUn $ 549,900 3 2.1 $ 532,500 $ 375,400 07/31/07 102 96.84% 1.42 120 Morris Twp. 50 Independence Way TwnIntUn $ 555,000 3 2.1 $ 532,500 $ 302,400 04/02/07 57 95.95% 1.76 Page 4 of 8

121 Morris Twp. 4 Independence Way TwnIntUn $ 555,000 3 2.1 $ 545,000 $ 316,900 04/02/07 9 98.20% 1.72 122 Morris Twp. 46 Keats Way TwnEndUn $ 559,000 3 2.1 $ 552,500 $ 375,800 05/18/07 399 98.84% 1.47 123 Morris Twp. 38 Nottingham Ct TwnIntUn $ 589,000 2 2.1 $ 560,000 $ 318,500 09/29/07 49 95.08% 1.76 124 Morris Twp. 41 Constitution Way TwnEndUn $ 629,000 3 2.1 $ 603,000 $ 334,300 05/11/07 29 95.87% 1.80 125 Morris Twp. 40 Pippins Way TwnEndUn $ 1,195,000 3 3.1 $ 1,237,000 $ 633,000 08/31/07 6 103.51% 1.95 126 Morris Twp. 35 Pippins Way TwnEndUn $ 1,235,000 3 3.1 $ 1,160,000 $ 646,300 07/20/07 62 93.93% 1.79 127 Morristown 5-B Dorado Drive TwnIntUn $ 401,000 2 2.1 $ 408,000 $ 294,900 07/16/07 17 101.75% 1.38 128 Morristown 21C King TwnEndUn $ 409,000 3 1.1 $ 393,000 $ 276,200 12/18/07 146 96.09% 1.42 129 Morristown 9F Dorado Drive TwnEndUn $ 412,000 2 2.1 $ 408,000 $ 299,000 05/31/07 9 99.03% 1.36 130 Morristown 114 Village Drive MultiFlr $ 415,900 2 2 $ 385,000 $ 294,000 02/22/07 169 92.57% 1.31 131 Morristown 9 Entrance Way TwnEndUn $ 429,000 2 2.1 $ 405,000 $ 378,300 01/19/07 102 94.41% 1.07 132 Morristown 44 Chestnut Street TwnEndUn $ 455,000 3 2.1 $ 450,000 $ 351,000 08/02/07 105 98.90% 1.28 133 Morristown 2 Taft Lane TwnEndUn $ 464,900 2 2.1 $ 455,000 $ 352,400 07/19/07 62 97.87% 1.29 134 Morristown 10 Jenni Lane TwnEndUn $ 469,900 2 2.1 $ 470,000 $ 375,400 06/06/07 58 100.02% 1.25 135 Morristown 2 Jenni Lane (On The Pond)TwnIntUn $ 469,900 3 2.1 $ 460,000 $ 432,800 11/27/07 56 97.89% 1.06 136 Morristown 32 Windmill Drive TwnEndUn $ 474,900 3 2.1 $ 450,000 $ 454,700 03/16/07 184 94.76% 0.99 137 Morristown 4 Taft Lane TwnEndUn $ 479,900 2 2.1 $ 476,000 $ 387,500 07/23/07 18 99.19% 1.23 138 Morristown 30 Taft Lane TwnIntUn $ 484,900 2 2.1 $ 480,000 $ 337,400 06/28/07 172 98.99% 1.42 139 Morristown 8 Carolyn Ct. TwnIntUn $ 484,900 3 2.1 $ 475,000 $ 410,800 02/08/07 14 97.96% 1.16 140 Morristown 42 Taft Lane TwnIntUn $ 489,900 2 2.1 $ 484,000 $ 337,400 06/15/07 63 98.80% 1.43 141 Morristown 3 Shady Lane Colonial $ 494,900 3 2.1 $ 472,000 $ 405,000 05/04/07 52 95.37% 1.17 142 Morristown 24 Taft Lane TwnEndUn $ 499,900 2 2.1 $ 488,000 $ 3,875,000 04/27/07 15 97.62% 0.13 143 Morristown 4 Twombly Court TwnEndUn $ 512,000 2 2.1 $ 506,000 $ 437,800 04/26/07 14 98.83% 1.16 144 Morristown 1 Jenni Lane TwnEndUn $ 517,000 2 2.1 $ 512,000 $ 386,400 09/04/07 51 99.03% 1.33 145 Morristown 4 Carla Court On The Pond TwnIntUn $ 519,000 3 2.1 $ 519,000 $ 432,800 07/28/07 20 100.00% 1.20 146 Morristown 13 Franklin Place,Unit 7D TwnIntUn $ 530,000 3 2.1 $ 500,000 $ 433,700 10/31/07 130 94.34% 1.15 147 Morristown 13 Franklin Pl 5D TwnEndUn $ 539,000 3 2.1 $ 530,000 $ 388,300 09/06/07 79 98.33% 1.36 148 Morristown 21 Green St Unit B TwnEndUn $ 549,000 3 2.1 $ 535,000 $ 364,700 12/28/07 114 97.45% 1.47 149 Morristown 1 Carolyn Ct. TwnEndUn $ 564,900 3 2.1 $ 564,900 $ 458,200 06/12/07 83 100.00% 1.23 150 Morristown 60 Chestnut Street OneFloor $ 624,900 3 2.1 $ 624,900 $ - 07/02/07 133 100.00% Page 5 of 8

151 Morristown 3 Guy Court TwnEndUn $ 629,000 3 2.1 $ 600,000 $ 435,600 04/16/07 8 95.39% 1.38 152 Morristown 7 Prospect St. OneFloor $ 649,900 2 2 $ 629,900 $ 1 12/27/07 55 96.92% 153 Morristown 37 Community Place TwnIntUn $ 895,000 2 3.2 $ 910,000 $ 669,500 07/18/07 34 101.68% 1.36 154 Morristown 38 Dehart Street TwnIntUn $ 1,235,000 3 4.1 $ 1,200,000 $ - 11/16/07 73 97.17% 155 Morristown 21 Community Place TwnEndUn $ 1,375,000 2 2.2 $ 1,270,000 $ 855,200 08/14/07 318 92.36% 1.49 156 Morristown 32 Dehart Street TwnEndUn $ 1,380,000 3 4.1 $ 1,380,000 $ - 11/16/07 45 100.00% 157 Morristown 3 Entrance Ave TwnEndUn $ 409,000 2 2.1 $ 395,000 $ 369,300 06/22/07 63 96.58% 1.07 158 Morristown 10-E Dorado Dr TwnEndUn $ 409,900 2 2.1 $ 400,000 $ 294,900 07/16/07 55 97.58% 1.36 159 Morristown 51 Hill St TwnEndUn $ 419,000 2 2.1 $ 413,000 $ 375,500 08/06/07 56 98.57% 1.10 160 Morristown 1-B Dorado Dr TwnIntUn $ 425,000 2 2.1 $ 425,000 $ 294,900 04/20/07 31 100.00% 1.44 161 Morristown 12 Carla Ct TwnIntUn $ 444,000 2 2.1 $ 433,000 $ 356,600 04/16/07 46 97.52% 1.21 162 Morristown 8 Thomas Trail TwnIntUn $ 459,000 3 2.1 $ 440,000 $ 410,800 11/30/07 93 95.86% 1.07 163 Morristown 34 Windmill Dr TwnIntUn $ 464,000 3 2.1 $ 450,000 $ 421,800 03/13/07 84 96.98% 1.07 164 Morristown 34 Twombly Court TwnEndUn $ 489,900 2 2.1 $ 475,000 $ 427,900 09/05/07 16 96.96% 1.11 165 Morristown 57 Taft Ln TwnIntUn $ 497,300 2 2.1 $ 485,000 $ 337,400 02/23/07 21 97.53% 1.44 166 Morristown 7 Windmill Dr TwnEndUn $ 498,900 3 2.1 $ 475,000 $ 454,700 07/19/07 28 95.21% 1.04 167 Morristown 47 Hill St TwnIntUn $ 499,000 3 2.1 $ 467,000 $ 380,900 05/17/07 30 93.59% 1.23 168 Morristown 12 Twombly Ct Unit D TwnEndUn $ 529,900 2 2.1 $ 510,000 $ 437,800 03/26/07 38 96.24% 1.16 169 Morristown 10 Twombly Ct Unit B TwnEndUn $ 529,900 2 2.1 $ 529,900 $ 456,400 05/31/07 7 100.00% 1.16 170 Morristown 42 Windmill Dr TwnEndUn $ 545,000 3 2.1 $ 545,000 $ 421,700 06/15/07 15 100.00% 1.29 171 New Providence 35 Murray Hill Square TwnEndUn $ 409,000 2 2 $ 409,000 $ 207,200 02/09/07 94 100.00% 1.97 172 New Providence 6 Southgate Road (B-2) TwnIntUn $ 415,000 2 1.1 $ 407,000 $ 210,000 04/19/07 12 98.07% 1.94 173 New Providence 39 Murray Hill Square TwnEndUn $ 424,900 2 2 $ 416,000 $ 210,600 03/30/07 0 97.91% 1.98 174 New Providence 1200 Springfield TwnIntUn $ 435,000 2 2.1 $ 410,000 $ - 01/23/07 178 94.25% 175 New Providence 49 Murray Hill Square Custom $ 439,000 2 2 $ 395,000 $ 254,000 09/28/07 71 89.98% 1.56 176 New Providence 6 Southgate Rd (B-3) TwnEndUn $ 420,000 2 1.1 $ 412,000 $ 210,000 06/25/07 42 98.10% 1.96 177 New Providence 6 Southgate Rd (A-3) TwnEndUn $ 449,000 3 2.1 $ 442,000 $ 230,000 03/21/07 109 98.44% 1.92 178 New Providence 6 Southgate Rd (A-2) TwnIntUn $ 469,000 3 2.1 $ 425,000 $ 230,000 02/21/07 53 90.62% 1.85 179 New Providence 21 Murray Hill Square TwnEndUn $ 649,000 4 3.1 $ 645,000 $ 345,900 05/01/07 93 99.38% 1.86 180 New Providence 35 Timothy Field Rd Colonial $ 1,175,000 4 3.1 $ 1,110,000 $ 461,600 01/12/07 12 94.47% 2.40 Page 6 of 8

181 Summit 412 Morris Ave - Unit 47C FirstFlr $ 405,000 2 2 $ 405,000 $ - 09/11/07 0 100.00% 182 Summit 67-75 New England Avenue OneFloor $ 409,000 2 1 $ 409,000 $ - 06/15/07 42 100.00% 183 Summit 777 Springfield Avenue TwnIntUn $ 440,000 2 2.1 $ 437,000 $ 180,100 06/22/07 51 99.32% 2.43 184 Summit 67-75 New England Avenue FirstFlr $ 449,000 2 1 $ 450,000 $ - 07/25/07 78 100.22% 185 Summit 412#56 Morris Ave (Bldg 6) TwnEndUn $ 462,500 3 1.1 $ 462,500 $ - 03/21/07 4 100.00% 186 Summit 103 E-103 Park Avenue OneFloor $ 465,000 3 2 $ 440,000 $ 159,500 10/05/07 20 94.62% 2.76 187 Summit 67-75 New England Avenue TwnEndUn $ 489,000 2 2.1 $ 480,000 $ - 11/29/07 208 98.16% 188 Summit 67-75 New England Avenue TwnEndUn $ 489,000 2 2.1 $ 475,000 $ - 12/20/07 15 97.14% 189 Summit 67-75 New England Avenue TwnEndUn $ 489,000 2 2.1 $ 489,000 $ - 12/12/07 22 100.00% 190 Summit 67-75 New England Avenue TwnEndUn $ 489,000 2 2.1 $ 489,000 $ - 12/04/07 17 100.00% 191 Summit 67-75 New England Avenue OneFloor $ 499,000 2 1 $ 460,000 $ - 08/23/07 106 92.18% 192 Summit 103 Park Ave Unit E104 OneFloor $ 509,000 3 2 $ 495,000 $ 151,700 01/16/07 140 97.25% 3.26 193 Summit 67-75 New England Avenue TwnEndUn $ 549,000 2 2.1 $ 474,500 $ - 11/20/07 193 86.43% 194 Summit 67-75 New England Avenue TwnEndUn $ 549,000 2 2.1 $ 489,000 $ - 11/16/07 20 89.07% 195 Summit 10 Euclid Avenue OneFloor $ 579,900 2 2 $ 555,000 $ - 07/06/07 103 95.71% 196 Summit 29 Eggers Court TwnIntUn $ 639,900 3 3.1 $ 639,900 $ - 02/28/07 62 100.00% 197 Summit 20 Eggers Court TwnIntUn $ 699,900 3 3.1 $ 699,900 $ - 10/12/07 223 100.00% 198 Summit 1 Euclid Avenue 4C OneFloor $ 719,000 2 2 $ 702,000 $ 228,100 01/31/07 85 97.64% 3.08 199 Summit 24 Eggers Court TwnEndUn $ 719,900 2 3.1 $ 700,000 $ - 07/25/07 237 97.24% 200 Summit 18 Eggers Court TwnEndUn $ 719,900 3 3.1 $ 719,900 $ - 05/18/07 62 100.00% 201 Summit 58 Eggers Court TwnIntUn $ 749,900 3 3.1 $ 749,900 $ - 11/02/07 223 100.00% 202 Summit 60 Eggers Court TwnIntUn $ 749,900 3 3.1 $ 739,000 $ - 09/14/07 0 98.55% 203 Summit 62 Eggers Court TwnEndUn $ 759,900 2 3.2 $ 739,900 $ - 08/17/07 163 97.37% 204 Summit 40 Eggers Court TwnIntUn $ 769,000 3 3.1 $ 754,000 $ - 12/14/07 55 98.05% 205 Summit 61 Eggers Court TwnIntUn $ 809,900 3 3.1 $ 794,900 $ - 12/07/07 110 98.15% 206 Summit 67-75 New England Avenue OneFloor $ 889,000 3 3 $ 889,000 07/19/07 0 100.00% 207 Summit 25 Norwood Avenue TwnIntUn $ 1,295,000 3 2.1 $ 1,235,000 $ 719,400 04/04/07 132 95.37% 1.72 208 Summit 25 Norwood Avenue TwnEndUn $ 1,795,000 4 3.1 $ 1,625,000 $ 690,000 07/17/07 256 90.53% 2.36 209 Summit 133 Summit Avenue Unit #2 FirstFlr $ 400,000 2 1 $ 375,000 $ - 07/02/07 120 93.75% 210 Summit 103 Park Ave Unit B6 TwnIntUn $ 462,000 3 2.1 $ 449,000 $ 157,700 10/30/07 49 97.19% 2.85 Page 7 of 8

211 Summit 11 Euclid Ave Unit 7D HighRise $ 499,999 2 2 $ 473,500 $ 202,800 05/31/07 125 94.70% 2.33 212 Summit 91 Springfield Avenue Unitj TwnEndUn $ 545,000 2 3.1 $ 520,000 $ 211,300 01/26/07 114 95.41% 2.46 213 Summit 10 Euclid Avenue, Unit 502 HighRise $ 745,000 3 2 $ 700,000 $ - 09/21/07 27 93.96% 214 Summit 25 Norwood Avenue Unit 10 TwnIntUn $ 1,495,000 3 2.1 $ 1,450,000 $ 694,400 07/02/07 52 96.99% 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 $568,714 77 97.30% 1.65 Page 8 of 8

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 214 2004 to 2009 Summit-Chatham-Madison-Morristown Condominiums Summary 2004 2005 2006 2007 2008 2009 Average Days on Market 40 37 59 77 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 1.82 1.80 1.80 1.65 Units Sold 147 195 210 214 Deemed reliable but but not guaranteed Premier Properties