APRIL – 2008 – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (1)

                                                       ORIGINAL         REDUCED           DAYS ON

ADDRESS                                     LIST PRICE       PRICE                  MARKET

312 84TH (4)Bed.,(2)Bth.                $950,000.             SAME                           113

 

RESIDENTIAL – COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (3)

                                              ORIGINAL    REDUCED    SOLD    CLOSING   DAYS

ADDRESS                            LIST PRICE    PRICE         PRICE       DATE     onMkt

130 107th (5)Bed.,(4.5)Bth.   $2,799,000.     $2,450,000.    $2,400,000.  4/29/08      235

* 9835 Sunset (5)Bed.,(4/2)Bth. 3,595,000.      SAME         3,400,000.  4/10/08      103

* 10404 Corinthian(5)Bed.,(5/2)Bth. 4,293,750.  3,795,000.  3,625,000. 4/26/08     272

(*) NEW CONSTRUCTION = 2

                                                 (10,687,750.)   (9,840,000.)   (9,425,000.)               (610)

 

Average Original                 Average Reduced             Average SOLD         Average Days

List Price = $3,562,583.       List Price = $3,280,000.   Price = $3,141,667.   on Mkt = 203

 

Difference between Original List Price and SOLD Price = (12%)

Difference between Original List Price and REDUCED Price = (8%)

 

LOTS / LAND – UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

LOTS / LAND – COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (1)

                                              ORIGINAL    REDUCED    SOLD    CLOSING    DAYS

ADDRESS                           LIST PRICE     PRICE         PRICE      DATE        onMkt

129 109th 66’x 100’              $1,879,000.      $1,599,000.    $1,510,000.  4/25/08         267

 

COMMERCIAL – UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (1)

                                                       ORIGINAL        REDUCED         DAYS ON

ADDRESS                                     LIST PRICE      LIST PRICE      MARKET

282 84TH (2/2)Bed.,(1/1)Bth.          $895,000.            $869,000.               108

 

MULTI-FAMILY – COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (1)

                                                            ORIGINAL    REDUCED    SOLD    CLOSING   DAYS

ADDRESS                                          LIST PRICE    PRICE         PRICE       DATE     onMkt

8700 Sunset(4)Bed.,(3)Bth. North      $1,599,000.      $1,449,000.  $1,412,000.  4/29/08        211

 

 

TOTAL – STONE HARBOR SALE INVENTORY (AS OF 5/25/08) = (226)

RESIDENTIAL                                          117

LOTS / LAND                                             10

COMMERCIAL                                          8

MULTI-FAMILY                                        21

CONDO / TOWNHOUSE                          70

 

 

MAY – 2008 – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (4)

                                                                      ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                    LIST PRICE        LIST PRICE       MARKET

227 118TH(4)Bed.,(2)Bth.60x110                 $1,629,000.               SAME                    223

10412 Corinthian(4)Bed.,(2.5)Bth.41x100     2,275,000.            1,975,000.                 213

8800 Sunset(4)Bed.,(3.5)Bth.47x110             2,550,000.             1,995,000.                489

138 111th(4)Bed.,(3)Bth.50x100                     2,499,000.             1,999,000.               421

 

RESIDENTIAL – COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (4)

                                                             ORIGINAL    REDUCED    SOLD    CLOSING  DAYS

ADDRESS                                           LIST PRICE     PRICE        PRICE       DATE    onMkt

155 93rd(6)Bed.,(2.5)Bth.50x110        $1,500,000.     $1,495,000.    $1,362,200.  5/30/08     149

122 108th(5)Bed.,(3.5)Bth.50x100        2,249,000.           SAME        1,975,000.  5/10/08     129

* 257 104th(5)Bed.,(4)Bth.60x110        2,399,000.           SAME        2,225,000.  5/30/08     326

* 8531 First(5)Bed.,(4.5)Bth.60x110    4,895,000.           SAME        4,392,500.  5/30/08     237

(*) NEW CONSTRUCTION = 2      

                                                              (11,043,000.)   (11,038,000.) (9,954,700.)               (841)

 

Average Original              Average Reduced             Average SOLD          Average Days on

List Price = $2,760,750.    List Price = $2,759,500.   Price = $2,488,675.    Market = 210

 

Difference between ORIGINAL List Price and SOLD Price = (10%)

Difference between ORIGINAL List Price and REDUCED List Price = (1%)

 

LOTS / LAND – UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

LOTS / LAND – COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

COMMERCIAL – UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

COMMERCIAL – COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (1)

                                                                          ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                        LIST PRICE        LIST PRICE       MARKET

10835 Sunset(3/2)Bed.,(1.5/1)Bth. 30x130      $1,629,000.                SAME                 161

MULTI-FAMILY – COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (2)

                                                                             ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                           LIST PRICE        LIST PRICE       MARKET

150 96TH (3)Bed.,(2)Bth. #3                                $729,000.                $689,000.                619

9701 Second(3)Bed.,(2.5)Bth.                            1,100,000.                  877,000.                459

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (3)

                                                            ORIGINAL    REDUCED    SOLD    CLOSING   DAYS

ADDRESS                                          LIST PRICE    PRICE         PRICE       DATE     onMkt

11010 Third(2)Bed.,(1)Bth. 1stFl       $550,000.         $519,000.      $495,000.    5/1/2008    306

9600 First(3)Bed.,(2)Bth. #20            1,095,000.           985,000.        887,500.    5/23/08      385

* 284 83rd(4)Bed.,(3.5)Bth. East         1,150,000.           SAME          999,999.    5/2/08        111

(*) NEW CONSTRUCTION = 1

                                                            (2,795,000.)     (2,654,000.)   (2,382,499.)                 (802)

 

Average Original             Average Reduced          Average SOLD     Average Days on

List Price = $931,667.      List Price = $884,667.   Price = $794,166.  Market = 267

 

Difference between ORIGINAL List Price and SOLD Price = (15%)

Difference between ORIGINAL List Price and REDUCED List Price = (5%)

 

TOTAL STONE HARBOR ACTIVE SALE INVENTORY (AS OF 5/31/08) = 226:

RESIDENTIAL                                                                           115

LOTS / LAND                                                                              11

COMMERCIAL                                                                          9

MULTI-FAMILY                                                                        22

CONDO / TROWNHOUSE                                                        69