JULY, 2008 – SEA ISLE CITY, NJ:
RESIDENTIAL – UNDER
CONTRACT: 7/1/2008 TO 7/31/2008 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
15 49TH(4)Bed.,(3.5)Bth. 32’x110’ $1,599,000. SAME 6
RESIDENTIAL –
COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (1)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
4308 Central(5)Bed.,(3.5)Bth. $849,000. $759,000. $685,000. 7/17/08 518
LOTS / LAND – UNDER
CONTRACT: 7/1/2008 TO 7/31/2008 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
137 38TH 5,460sq.ft. $634,500. SAME 54
LOTS / LAND –
COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (0)
COMMERCIAL – UNDER
CONTRACT: 7/1/2008 TO 7/31/2008 = (0)
COMMERCIAL –
COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 7/1/2008 TO 7/31/2008 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST PRICE MARKET
9107 Landis(3/3)Bed.,(1/1.5)Bth. 40’x83’ $699,000. SAME 146
MULTI-FAMILY –
COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (1)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE
PRICE DATE onMkt
134 42nd(2/2)Bed.,(1/1)Bth.25x110 $499,000. $390,000. $362,500. 7/25/08 800
CONDO/TOWNHOUSE –
UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (5)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
4800 Landis(2)Bed.,(2)Bth. #1North $349,900. $315,000. 93
* 234 80th(4)Bed.,(3)Bth. East 859,000. 779,000. 289
* 6618 Central(5)Bed.,(3.5)Bth. West 925,000. 839,900. 386
* 33 75th(5)Bed.,(3.5)Bth. East 899,000. SAME 8
* 5600 Pleasure(5)Bed.,(4)Bth. South 969,000. SAME 15
(*) NEW CONSTRUCTION
= 4
CONDO/TOWNHOUSE – COMPARABLE
SALES: 7/1/2008 TO 7/31/2008 = (11)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
139 55th(4)Bed.,(2)Bth. North $469,000. SAME $435,000. 7/16/08 76
134 34th(4)Bed.,(2)Bth. East 610,000. SAME 585,000. 7/11/08 65
4607 Central(4)Bed.,(2.5)Bth. South 669,000. SAME 625,000. 7/9/08 56
* 4605 Park(5)Bed.,(3.5)Bth. North 689,000. 688,000. 625,000. 7/31/08 203
124 50th(4)Bed.,(3.5)Bth. West 759,000. 729,000. 680,000. 7/10/08 296
126 66th(5)Bed.,(3.5)Bth. West 749,000. SAME 715,000. 7/29/08 28
5100 Landis(4)Bed.,(3.5)Bth. North 799,000. 749,000. 722,000. 7/31/08 86
* 5501 Central(5)Bed.,(4)Bth. West 779,000. 759,000. 754,000. 7/1/08 230
8 65th(5)Bed.,(4)Bth. West 1,249,900. 1,190,000. 1,100,000. 7/1/08 232
* 30 76th(5)Bed.,(4.5)Bth. West 1,249,000. SAME 1,150,000. 7/16/08 175
2305 Landis(4)Bed.,(3.5)Bth. South 1,650,000. 1,350,000. 1,200,000. 7/16/08 544
(*) NEW CONSTRUCTION
= 3
(9,671,000.) (9,211,000.) (8,591,000.) (1,991)
Average Original Average REDUCED Average SOLD Average Days on
List Price =
$879,182. List Price = $837,364. Price
= $781,000. Market = 181
-
Difference between
ORIGINAL List Price and SOLD Price = (11%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (5%)
TOTAL SEA ISLE
CITY SALE INVENTORY (AS OF 8/5/2008) = (260)
RESIDENTIAL
25
LOTS / LAND 5
COMMERCIAL
7
MULTI-FAMILY
6
CONDO/TOWNHOUSE 217
AUGUST, 2008 – SEA ISLE CITY, NJ:
RESIDENTIAL – UNDER
CONTRACT: 8/1/2008 TO 8/31/2008 = (0)
RESIDENTIAL –
COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (3)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
5306 Pleasure(3)Bed.,(2.5)Bth $796,500. SAME $760,000. 8/28/08 123
25’x44’ irr.
9 75th(2)Bed.,(1.5)bth. 50x110 1,375,000. 1,325,000. 1,200,000. 8/22/08 104
15 49th(4)Bed.,(3.5)Bth.32x110 1,599,000. SAME 1,525,000. 8/22/08 34
VACANT LOTS/LAND –
UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (0)
VACANT LOTS/LAND –
COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (0)
COMMERCIAL – UNDER
CONTRACT: 8/1/2008 TO 8/31/2008 = (0)
COMMERCIAL –
COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 8/1/2008 TO 8/31/2008 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (1)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
25 58th(50x110) $1,280,000. SAME $1,280,000. 8/1/08 0
CONDO/TOWNHOUSE –
UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (5)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST PRICE MARKET
101 39th(3)bed.,(2)Bth. “A”-1stFl $439,000. SAME 87
7101 Landis(3)Bed.,(2)Bth. “B”-2ndFl 579,000. 539,000. 291
118 49th(4)Bed.,(3.5)Bth. West 759,000. 679,900. 200
* 7508 Central(5)Bed.,(3.5)Bth. South 739,000. 699,000. 164
354 44th(4)Bed.,(3.5)Bth. East 1,295,000. 995,000. 387
CONDO/TOWNHOUSE –
COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (10)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE
PRICE DATE onMkt
3918 Landis(1)Bed.,(1)Bth. #105 $169,000. SAME $158,000. 8/11/08 119
238 37th(3)Bed.,(1.5)Bth. North 469,900. 449,900. 425,000. 8/18/08 83
3500 N.Boardwalk(2)Bed.,(2)Bth.#520 575,000. SAME 533,500. 8/29/08 76
* 122 39th(5)Bed.,(3)Bth. East 579,000. SAME 552,500. 8/1/08 163
* 122 39th(5)Bed.,(3)Bth. West 579,000. SAME 575,000. 8/1/08 163
* 234 80th(4)Bed.,(3)Bth. East 859,000. 779,000. 765,000. 8/11/08 307
* 210 52nd(5)Bed.,(3.5)Bth. South 849,000. SAME 815,000. 8/28/08 304
* 6618 Central(5)Bed.,(3.5)Bth. W 925,000. 839,900. 815,000. 8/8/08 406
4409 Venicean(4)Bed.,(3)Bth. North 949,000. 895,000. 825,000. 8/20/08 162
* 137 73rd(4)Bed.,(3.5)Bth. East 825,000. SAME 835,000. 8/18/08 312
(*) NEW CONSTRUCTION
= 6
(6,778,900.)
(6,539,800.) (6,299,000.) (2,095)
Average Original Average Reduced Average SOLD Average Days on
List Price =
$677,890. List Price =
$653,980. Price = $629,900. Market = 209
-
Difference between
ORIGINAL List Price and SOLD Price = (7%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (4%)
TOTAL SEA ISLE
CITY SALE INVENTORY(AS OF 9/9/2008) = (278)
RESIDENTIAL 25
LOTS/LAND
5
COMMERCIAL
8
MULTI-FAMILY
8
CONDO/TOWNHOUSE 232