6. Land and Land Development Costs

3 Months Ended

Apr. 30, 2012

6. Land and Land Development Costs:

6. Land and Land Development Costs

6.  Land and Land Development Costs

     Land and improvements in progress held for development consist of the following:

	04/30/2012	10/31/2011
Land unimproved designated for development	$10,857,336	$10,901,859
Residential development	5,084,262	5,084,262
Infrastructure development	4,663,104	4,656,666
	$20,604,702	$20,642,787

     The decrease in land unimproved designated for development was mainly related to the sale of a lot in Saylorsburg, Pennsylvania.