Isle of Palms / Wild Dunes December Sales Update

Isle of Palms

There were eight closed brokerage sales in December, 2009 vs. four last December.

In 2009 there were 75 closings on the Isle of Palms for $146 million vs. 42 for $87.4 million last year.

In 2009 the price of the average sale is down 6.5% versus 2008.

Wild Dunes

There were ten closed brokerage sales in December, 2009 for $13.3 million vs. none in December, 2008.

In 2009 there were 60 closings for $91.7 million vs. 145 closings for $258.7 million last year.

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