3RD QUARTER
– SEA ISLE CITY – 2008 STATISTICS:
CONDO/TOWNHOUSE:
UNDER CONTRACT
COMPARABLE SALES
JULY
5
11
AUGUST
5
10
SEPTEMBER
11
7
(21)
(28)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
JULY
$879,182.
$837,364.
$781,000.
181
AUGUST
677,890.
653,980.
629,900.
209
SEPTEMBER
658,686.
578,114.
543,143.
282
3RD QUARTER
AVERAGE $
738,586.
$ 689,819.
$ 651,348.
223
- Difference
between ORIGINAL List Price and SOLD Price = (12%)
- Difference
between ORIGINAL List Price and REDUCED Price = (7%)
RESIDENTIAL:
UNDER CONTRACT
COMPARABLE SALES
JULY
1
1
AUGUST
0
3
SEPTEMBER
0
1
(1)
(5)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
JULY
$849,000.
$759,000.
$685,000.
518
AUGUST
1,256,833.
1,240,167.
1,161,667.
87
SEPTEMBER
875,000.
875,000.
785,000.
237
3RD QUARTER
AVERAGE $
993,611.
$ 958,056.
$
877,222.
281
- Difference
between ORIGINAL List Price and SOLD Price = (12%)
- Difference
between ORIGINAL List Price and REDUCED Price = (4%)
2008 – YEAR-TO-DATE –
SEA ISLE CITY, NJ:
CONDO/TOWNHOUSE:
Average
Original Average Reduced
Average Sold Average Days
List
Price
List
Price
Price
on Market
1ST
QTR.
$672,682.
$632,124.
$591,517.
251
2ND
QTR.
685,687.
663,365.
628,432.
228
3RD
QTR.
738,586.
689,819. 651,348.
223
Averages: $
698,985.
$ 661,769.
$
623,766.
234
1ST QTR. CONDO/TOWNHOUSE SALES = 47
2ND QTR. CONDO/TOWNHOUSE SALES = 57
3RD QTR. CONDO/TOWNHOUSE SALES = 28
RESIDENTIAL:
Average Original
Average Reduced Average
Sold Average Days
List
Price
List
Price
Price
on Market
1ST
QTR.
$1,025,000.
$961,633.
$837,667.
157
2ND
QTR.
810,833.
795,750.
705,250.
246
3RD
QTR.
993,611.
958,056.
877,222.
281
Averages: $
943,148.
$ 905,146.
$
806,713.
228
1ST QTR. RESIDENTIAL SALES = 2
2ND QTR. RESIDENTIAL SALES = 7
3RD QTR. RESIDENTIAL SALES = 5