4TH QTR.-
SEA ISLE CITY – 2008 STATISTICS:
CONDO/TOWNHOUSE:
UNDER CONTRACT COMPARABLE SALES
OCTOBER
5
11
NOVEMBER
5
4
DECEMBER
8
7
(18)
(22)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
OCTOBER
$680,818.
$ 641,091.
$
604,311.
176
NOVEMBER
434,925.
370,925.
346,225.
126
DECEMBER
709,271.
654,071.
590,286.
164
4TH QUARTER
AVERAGE: $
608,338.
$ 555,362.
$
513,607.
155
- Difference
between ORIGINAL List Price and SOLD Price = (16%)
- Difference
between ORIGINAL List Price and REDUCED Price = (9%)
RESIDENTIAL:
UNDER CONTRACT COMPARABLE SALES
OCTOBER
1
-0-
NOVEMBER
1
1
DECEMBER
-0-
1
(2)
(2)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
OCTOBER
-0-
-0-
-0-
-0-
NOVEMBER $
500,000.
$ 500,000.
$ 350,000.
87
DECEMBER
869,000.
869,000.
750,000.
96
4TH QUARTER
AVERAGE:
$
456,333.
$ 456,333.
$
366,667.
61
- Difference
between ORIGINAL List Price and SOLD Price = (20%)
- Difference
between ORIGINAL List Price and REDUCED Price = (1%)