FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2012

FAIR VALUE DISCLOSURES [Abstract]

Fair value, assets measured on a nonrecurring basis

AV Homes' assets measured at fair value as of December 31, 2012, and gain (losses) for the year ended December 31, 2012, on a nonrecurring basis are summarized below:

Non-financial Assets/Liabilities	Fair Value Hierarchy	Fair Value at December 31, 2012		Gains/(Losses)
Homes completed or under construction	Level 3	$	7,426	$	(1,635)
Poinciana Parkway	Level 3	$	-	$	(7,659)
Land and other inventories	Level 3	$	873	$	(46,887)
Assets held for sale	Level 2	$	25,649	$	(2,862)

Fair value, by balance sheet grouping

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

	December 31, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	79,815	$	79,815	$	124,316	$	124,316
Restricted cash	$	4,682	$	4,682	$	7,872	$	7,872
Receivables, net	$	6,730	$	6,730	$	7,729	$	7,729
Income tax receivable	$	1,293	$	1,293	$	1,293	$	1,293
Notes, mortgage notes and other debt:
Corporate:
7.50% Notes	$	100,000	$	101,500	$	100,000	$	90,000
4.50% Notes	$	5,402	$	5,343	$	5,402	$	5,295