Dear Broker, agent, or client with an active interest in Laurel Highlands properties located in the SW Pennsylvania real estate market. You are on the confidential "property update" e-list of "Abe" and "Wags" Wagner, Realtors and resort property specialists, Prudential Preferred Realty. If this comes to you in error or is a duplicate our apologies, just let us know and we will correct our mistake. This update is not an attempt to solicit the offerings of other brokers and is for informational purposes only. Properties referred to are those listed or represented by our team and do not represent all properties in market area. If you are a hot buyer/seller contact us for daily updates, you will need them in this market. For previous reports go to our market reports page at www.AbeAndWags.com. To contact us use the e-mail in the signature block or reply to this update.

Buyers agents or clients, you can download sellers disclosure and property information 24/7 from our property information page on our web site. This is to help you present a complete offer in this competative market. All property showings must be scheduled through our showing coordination center, or call toll free 877.473.0123. Have the West Penn MLS # ready to identify the property. Thank you for meeting the written request of the seller, our requirements as the listing agent, and our legal and MLS requirements.

Rain, muddy conditions, and the threat of the last snow storm of the year (we hope) have kept recent buyers activity slow, but by history we expect it to pick up after Memorial Day. First quarter sales at Hidden Valley were down by almost 30% ( 12 in 2007 to 17 in 2006) from last year, which was down from the year before. Sales at 7 Springs were up by almost 200% from last year, 23 in 2007 to 12 in 2006. If you back out the 9 over $500K in SouthWind you get a 14 in 2007 to 12 in 2006 so they are showing more a 23% gain over last year, which is no big trend as 1 property represents nearly a 10% change. We are seeing a build up of inventory, increase in DOM, and some price reductions, so we may be seeing a change to the intensity of the market conditions of last year. More on this when we do the 6 month analysis.

Seven Springs recently sent a letter to Saltlick Township ( Fayette County) residents encouranging a YES vote to a Local Option Referendum allowing them to serve alcoholic beverages in their proposed Fayette County, Saltlick Township (dry) expansion area. Election day is May 15 and we will be reporting the results of the vote in our May Newsletter. This is the third attempt for this referendum with a narrow rejection last vote. Did you know the Somerset Fayette County line goes through Lake Tahoe? When you get off the 6 Pack you are in Somerset, when you ski down North Face you are in Fayette.

Review our past newsletters on www.ABEandWAGS.com for the update of news events in this area influencing property values and homeowners.

MLS 668567 O9 SunRidge 7 Springs Condo 2BR, 2B. Furnished, ski in and out, walk to pool and community center. Green space off deck, great location, stone fireplace. $37,000 less than the next priced Gemini listed in this community. $322,000.

MLS 662685 163 South Wind Drive, 7 Springs Townhome. Finished, furnished, ski in and out, only 1 year old. Move into this newest community now. Professionally decorated, floor to ceiling stone fireplace, many upgrades, don't wait for phase 3. $829,900.

MLS 655043 Four Seasons B & B. 100 Stewarton Road, Mill Run. 5 BR, 5 B seasonal B & B, fronts Route 381, minutes from Falling Water and Ohio Pyle. Totally renovated, seasonally decorated, 1.1 Acre level lot, this an unique property with income potential or would be a beautiful private residence in the Laurel Highlands. Out building and second septic system $215,900.

MLS 655367 Lot 1 Oak Ridge Estates, Champion. 9+Acre lot, perked, buyer will have to drill well and install septic. Association, covenants, paved road, underground utilities. This lot has MOUNTAIN VIEWS. About 8 miles from 7 Springs on Pgh. side. $58,500.

MLS 652631 H-7 SunRidge, 7 Springs Condo, 2 BR, 2 B, fireplace, slopeside, east Somerset country views, furnished, appliances. Just a short walk to the community center and pool, this is a great location and view from the decks. ONLY $289,000.

MLS 638457 28 Acre wooded parcel on Fall Run multiple perked with planned home site, this is a hunters paradise. Restrictive covenants, only large wooded private parcels. Home site could be in a forest with mature timber. Very private area with only 4 parcels in this community. Close to all resorts and Ohio Pyle. $232,000.

MLS 636846 Lot in Oak Ridge Estates, Champion. 2.5 Acre perked lot with well drilled, in very nice community. Level, slightly sloping, wooded, average home here is about $250K and up. About 8 miles from 7 Springs on Pgh. side. $52,500. Currently UA.

MLS 632321 1842 Eagles Ridge Way Hidden Valley Townhouse, 3BR, 2 1/2B, close to pool and playground. Furnished, stone fireplace, appliances, large 14X20 deck overlooks State Forest, great for summer deck activities. $179,500. SOLD, $167,500, 93.3% of list, 229 DOM.

MLS 656518 Lot at 204 Shadowbrook, Laurel Summit Estates. 7.1 Acre, wooded, 2 small streams, perked, buyer needs to drill well and install septic. Underground utilities, gravel road, covenants and restrictions. ABUTS SOMERSET GAMELANDS. $97,500. SOLD, $93,000, 95.3% of list, 46 DOM.

MLS 639172 1102 Gary Road, Somerset. Completely renovated 5BR, 3B house on about 1 Acre. Only 8 mile east from 7 Springs in Trent, new hemlock siding and decks, flooring and carpet, paint, wiring and panel, furnace, kitchen and more. $159,500. SOLD $152,500, 95.3% of list, 89 DOM.

MLS 628112 1119 Veech Hidden Valley Condo, 1BR, 2 1/2B, stone fireplace, furnished, accessories, appliances. Easy way to get into the resorts. $79,000. SOLD $75,000, 94.9% of list, 189 DOM.

MLS 647529 W-3 SunRidge 7 Springs Condo, 2 BR, 2 B, slopeside, ski in and out from the deck, furnished, close to rec center, $329,500. SOLD, $316,000, 95.9% of list, 73 DOM.

Selected sales in resort areas not represented by us personally from MLS and courthouse records are kept privately by us in our office. If you want our perception as to property sales history and potential value of your property in this area please contact us directly.

We need properties to sell. Properly priced and prepared properties are selling. To see how our " Keys to Close" FULL SERVICE marketing plan and REDUCED EXPENSES gets results and GETS MORE MONEY FOR YOU. For a FREE EVALUATION and how your property could do in this market place call me direct at 412-551-1859 or reply to this e-mail.

You are authorized to forward this update in entirety to other interested parties. If you have parties who would like to get this e-update directly please have them e-mail me with "LH UPDATE REQUEST".

The information contained in this message may be CONFIDENTIAL and is for the intended addressee only. If you are not the intended addressee, please notify the sender immediately and delete this message.

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