<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                         949,604
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                 26,199,289
<CURRENT-ASSETS>                               949,604
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              27,519,887
<CURRENT-LIABILITIES>                        3,871,611
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     9,224,585
<OTHER-SE>                                  (5,358,077)
<TOTAL-LIABILITY-AND-EQUITY>                27,519,887
<SALES>                                      5,144,495
<TOTAL-REVENUES>                             5,151,881
<CGS>                                        5,143,288
<TOTAL-COSTS>                                5,644,607
<OTHER-EXPENSES>                               501,319
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              87,176
<INCOME-PRETAX>                               (492,726)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (492,726)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (492,726)
<EPS-PRIMARY>                                    (0.05)
<EPS-DILUTED>                                    (0.05)