NEW DEVELOPMENT MARKET SHARE, MEDIAN SALES PRICE

4Q 09 1Q 10 2Q 10 3Q 10 4Q 10

50%

40%

30%

20%

10%

0%

MEDIAN SALES PRICE

MANHATTAN MARKET TRENDS Current Qtr % Chg Prior Qtr % Chg Prior Year Qtr

$2,000,000

$1,800,000

$1,600,000

$1,400,000

$1,200,000

$1,000,000

$800,000

$600,000

$4,00,00000 01 02 03 04 05 06 07 08 09 10

New Development Re-Sale

$2,000,000

$1,600,000

$1,200,000

$800,000

$4,00,000

$0

MARKET SHARE NEW DEVELOPMENT (UNITS)MARKET SHARE NEW DEVELOPMENT (UNITS)

QUARTERLY AVERAGE SALES PRICE / MANHATTAN

226 FIFTH AVENUE . NEW YORK, NEW YORK 10001 . INFO@BIDONTHECITY.COM . BIDONTHECITY.COM

General Market Overview: Q4 Oct 1 - Dec 31, 2010

The market continues to vacillate and offers no clear

indication on the direction of prices or the volume of sales.

Against the backdrop of high unemployment, large deficits

and modest growth, there is little to suggest upward

pressure on prices. The price per square foot dropped

3% over last year, and the number of homes sold dropped over

13%. Realistic pricing and an 11% reduction of inventory helped to

reduce the days on the market to 4 months. For the best prices

people are increasingly turning Bid on the City for an efficient and

transparent way to buy and sell real estate.

Average Sales Price $1,482,650 -0.3% $1,487,472 14.4% $1,296,156

Average Price per Square Foot $1,058 -3.4% $1,095 0.7% $1,051

Median Sales Price $845,000 -7.5% $914,000 4.3% $810,000

New Development $1,060,738 -9.4% $1,170,988 -5.7% $1,125,000

Re-Sale $800,000 -8.8% $877,200 7.4% $745,000

Number of Sales 2,295 -13.8% 2,661 -7.2% 2,473

Days on Market (from last list date) 125 0.1% 125 -38.8% 204

Listing Discount (from last list price) 8% 5.8% 12.8%

Listing Inventory 7,232 -11% 8,123 5.6% 6,851

Market data supplied by: Miller Samuel Inc. A New York residential and appraisal company

CO-OPS BY BEDROOM COUNT % Of Total Median Price

AVERAGE PRICE PER SQUARE FEET / CO-OP Downtown East Side West Side Uptown

$1,200

$1,000

$800

$600

$400

$200

$0 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10

20%

16%

12%

8%

4%

0% 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10

200

175

150

125

100

75

CO-OP MARKET TRENDS Current Qtr % Chg Prior Qtr % Chg Prior Year Qtr

LISTING DISCOUNT VS. DAYS ON MARKET / CO-OP

LISTINGSDISCOUNT

DAYS ON MARKET

226 FIFTH AVENUE . NEW YORK, NEW YORK 10001 . INFO@BIDONTHECITY.COM . BIDONTHECITY.COM

Co-op Market Overview: Q4 Oct 1 - Dec 31, 2010

Market data supplied by: Miller Samuel Inc.

A New York residential and appraisal company

The overall co-op market shows very little in terms of price

increases. Prices per square foot rose less than one percent over

last year. The inventory of co-ops available has grown 20%

over last year while the number of sales dropped over 6%. The

tepid economic recovery will tamp down any surge in demand,

putting pressure on both prices and time on the market. Bid on the

City offers buyers and sellers a quick, efficient and transparent

way to get the best prices for real estate in today’s market.

Studio 14% $345,000

1 bedroom 40% $568,000

2 bedroom 31% $1,150,000

3 bedroom 10% $2,250,000

4+ bedroom 3% $5,040,337

Average Sales Price $1,200,589 -4.1% $1,251,959 23.1% $975,049

Average Price per Square Foot $928 -6.3% $990 0.8% $921

Median Sales Price $685,000 -11.9% $777,500 8.7% $630,000

Number of Sales 1,186 -10.2% 1,320 -6.2% 1,264

Days on Market (from last list date) 118 11.3% 106 -21.9% 151

Listing Discount (from last list price) 5.8% 2.8% 18.3%

Listing Inventory (from last list date) 3,687 -9.3% 4,065 20.1% 3,069

CONDOS BY BEDROOM COUNT % Of Total Median Price

AVERAGE PRICE PER SQUARE FEET / CONDO Downtown East Side West Side Uptown

$2,500

$2,000

$1,500

$1,000

$500

$0 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10

LISTING DISCOUNT VS. DAYS ON MARKET / CONDO

15%

12%

9%

6%

3%

0% 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10

300

240

180

120

60

0

CONDO MARKET TRENDS Current Qtr % Chg Prior Qtr % Chg Prior Year Qtr

LISTINGSDISCOUNT

DAYS ON MARKET

226 FIFTH AVENUE . NEW YORK, NEW YORK 10001 . INFO@BIDONTHECITY.COM . BIDONTHECITY.COM

Condo Market Overview: Q4 Oct 1 - Dec 31, 2010

Market data supplied by: Miller Samuel Inc.

A New York residential and appraisal company

The overall condo market prices were flat if you consider

the average price per square foot rose less than 1% over the

year. Sales were down 8% compared to the 4 quarter of last

year, and inventory decreased by 6%. With very few newly built

condominiums, which command premium square foot pricing,

coming onto the market, inventory may continue its decline as

well as the average price per square foot. For the best results for

buyers and sellers, Bid on the City offers a fast, efficient and

transparent way to buy and sell real estate.

Studio 11% $460,000

1 bedroom 27% $693,600

2 bedroom 43% $1,315,000

3 bedroom 15% $2,900,000

4+ bedroom 4% $6,275,000

Average Sales Price $1,784,296 3.8% $1,719,296 9.3% $1,631,872

Average Price per Square Foot $1,198 -0.1% $1,199 0.9% $1,187

Median Sales Price $997,885 -10.9% $1,120,000 0.3% $995,000

Number of Sales 1,109 -17.3% 1,341 -8.3% 1,209

Days on Market (from last list date) 132 -7.7% 143 -49.0% 259

Listing Discount (from last list price) 10.4% 8.8% 7.1%

Listing Inventory (from last list date) 3,545 -12.6% 4,058 -6.3% 3,782