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2005 Third Quarter North & West Shores of Lake Tahoe -
Condominium Sales Summary

Report dated: 11/24/05

Total Sales Reported 82
% Change in Sales Reported from 3rd Quarter 2004 00.0%
Median Sale Price $477,500
% Change in Median Sale Price from 3rd Quarter 2004 +20.0%
Average Sale Price $622,000
% Change in Average Sale Price from 3rd Quarter 2004 -01.0%
Average Days on the Market 72
Inventory of Condominiums for Sale / End September 2005 31
% Change in Inventory of Condominiums for Sale / End September 2005 -45.6%