Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair value, Assets Measured on a Nonrecurring Basis

AV Homes' assets measured at fair value as of September 30, 2012 and gains (losses) for the quarter ended September 30, 2012 on a nonrecurring basis are summarized below:

Non-financial Assets/Liabilities	Fair Value Hierarchy	Fair Value at September 30, 2012 (a)		Gains/ (Losses)
Homes completed or under construction	Level 3	$	6,520	$	(807	)
Land held for future development or sale	Level 3	$	35,402	$	(2,977	)

(a) The fair values in the table above represent only those assets whose carrying values were adjusted to fair value in the quarter ended September 30, 2012.

Fair value, by Balance Sheet Grouping

The carrying amounts and fair values of our financial instruments at September 30, 2012 and December 31, 2011 are as follows:

	September 30, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Notes, mortgage notes and other debt:
4.50% Notes	$	5,402	$	5,361	$	5,402	$	5,295
7.50% Notes	$	55,500	$	56,818	$	100,000	$	90,000
7.50% Exchange Notes	$	44,500	$	47,059		–		–