OCTOBER-2008-SEA ISLE CITY,NJ:

 

RESIDENTIAL – UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (1)

                                                          ORIGINAL           REDUCED          DAYS ON

ADDRESS                                        LIST PRICE         LIST PRICE       MARKET

137 56th(4)Bed.,(1.5)Bth. 50’x150’   $869,000.                    SAME                  43

 

RESIDENTIAL – COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

 

LOTS / LAND – UNDER CONTRACT: OCT. 1ST, 2008 TO OCT, 31ST, 2008 = (0)

LOTS / LAND – COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

 

COMMERCIAL – UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

COMMERCIAL – COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (1)

                                                ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                             LIST PRICE      PRICE         PRICE        DATE        onMkt

11 43rd ST:                                   $65,000.        $25,000.        $20,000.      10/30/08       392

Mickey & Jakes Deli – Promenade Shops Outside seating-10 to 12 Inside Seats – 10.

 

MULTI-FAMILY – UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

MULTI-FAMILY – COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: OCT. 1ST TO OCT. 31ST, 2008 = (5)

                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                      LIST PRICE         LIST PRICE        MARKET

5813 Central(4)Bed.,(2)Bth. 1stFloor             $528,000.                   SAME                      15

116 88th(4)Bed.,(3.5)Bth. East                          799,000.                   SAME                      94

* 114 72nd(5)Bed.,(3)Bth. West                        799,000.                   SAME                      173

* 138 78th(5)Bed.,(3.5)Bth.                               829,000.                  815,000.                    251

4478 Venicean(4)Bed.,(2.5)Bth. South          1,575,000.               1,195,000.                    159

(*) 2 = NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: OCT. 1ST TO OCT. 31ST, 2008 = (11)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                     LIST PRICE      PRICE          PRICE        DATE      onMkt

101 47th(3)Bed.,(2)Bth. #C            $429,000.             SAME          $400,000.     10/31/08     63

6412 Landis(3)Bed.,(2)Bth. #210    499,000.             SAME            470,000.      10/31/08    53

4100 Boardwlk(2)Bed.,(1.5)Bth.#1A   529,000.        495,000.         487,425.       10/15/08    54

118 34th(4)Bed.,(2)Bth. West           549,000.            539,000.         517,000.       10/17/08    91

6609 Central(4)Bed.,(3)Bth. South  579,000.            565,000.         530,000.        10/30/08   35

 

 

 

 

 

26 47th(4)Bed.,(2)Bth. West             739,000.            699,000.         643,500.        10/31/08   484

6604 Pleasure(4)Bed.,(2.5)Bth.South  899,000.         699,000.         650,000.        10/30/08   200

6422 Central(4)Bed.,(3)Bth. South   739,000.           699,000.          672,500.        10/24/08   167

* 119 49th(4)Bed.,(3.5)Bth. West      829,000.           729,999.          675,000.        10/10/08   529

* 114 72nd(5)bed.,(3)Bth. East          799,000.             SAME           785,000.         10/15/08   167

* 33 75th(5)Bed.,(3.5)Bth. East         899,000.             SAME           847,000.         10/14/08   89

(*) 3 – NEW CONSTRUCTION

                                                        (7,489,000.)    (7,051,999.)    (6,647,425.)                     (1,932)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $680,818.        List Price = $641,091.        Price = $604,311.        on Market = 176

-         Difference between ORIGINAL List Price and SOLD Price = (11%)

-         Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 11/4/2008) = 321

RESIDENTIAL                                                       25

LOTS / LAND                                                         8

COMMERCIAL                                                     4

MULTI-FAMILY                                                   12

CONDO / TOWNHOUSE                                      272

 

TOTAL SEA ISLE CITY SALE INVENTORY:

-         JULY, 2008 = 260

-         AUGUST, 2008 = 278

-         SEPTEMBER, 2008 = 315

 

NOVEMBER-2008-SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (1)

                                                           ORIGINAL          REDUCED          DAYS ON

ADDRESS                                         LIST PRICE        LIST PRICE       MARKET

33 82ND St(3)Bed.,(1)Bth. 60x110     $1,150,000.               SAME                   16

 

RESIDENTIAL – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (1)

                                                 ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                               LIST PRICE      PRICE         PRICE       DATE       ON MKT.

131 40TH(4)BED.,(1.5)Bth.     $500,000.              SAME          $350,000.    11/21/08         87

 

LOTS/LAND – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

LOTS/LAND – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

 

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (5)

                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                       LIST PRICE        LIST PRICE       MARKET

34 34TH (3)Bed.,(2)Bth. #309                          $429,777.               $369,900.                   447

3502 Landis(3)Bed.,(2)Bth. #6                          469,000.                 399,000.                   363

7300 Central(3)Bed.,(2)Bth. #C-Rear               589,000.                  SAME                      42

9205 Pleasure(2)Bed.,(2)Bth. #202                   649,900.                 609,900.                    86

* 21 48th(5)Bed.,(4)Bth. South                        1,019,000.                  SAME                     86

(1) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (4)

                                                          ORIGINAL     REDUCED     SOLD     CLOSING  DAYS

ADDRESS                                        LIST PRICE      PRICE        PRICE       DATE      onMkt

8601 Landis(1)Bed.,(1)Bth.2ndFl      $269,900.           SAME         $259,900.    11/7/08         144

5612 Landis(2)Bed.,(1)Bth.A-1stFl     324,900.           SAME           315,000.     11/14/08       73

6318 Central(3)Bed.,(2)Bth. 1st-No.    649,902.          429,000.         385,000.     11/28/08       50

3817 Central(3)Bed.,(1.5)Bth. 1stFl     495,000.         459,900.         425,000.      11/29/08      239

                                                           (1,739,702.)     (1,483,700.)   (1,384,900.)                    (506)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $434,925.        List Price = $370,925.        Price = $346,225.        on Market =126

-         Difference between Original List Price and SOLD Price = (20%)

-         Difference between Original List Price and REDUCED Price = (15%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 12/14/2008) = 318

RESIDENTIAL                              19

LOTS/LAND                                   8

COMMERCIAL                             8

MULTI-FAMILY                           15

CONDO/TOWNHOUSE               268