4TH QUARTER
– STONE HARBOR, NJ – 2008 – STATISTICS:
RESIDENTIAL:
UNDER
CONTRACT
COMPARABLE SALES
OCTOBER
1
5
NOVEMBER
0
4
DECEMBER
1
1
(2)
(10)
ORIGINAL List Price REDUCED List
Price SOLD Price Days onMkt
OCTOBER
$1,592,000.
$1,492,800.
$1,325,350.
316
NOVEMBER
1,898,750.
1,866,250.
1,618,000.
433
DECEMBER
3,695,000. 3,695,000.
3,000,000.
104
4th QUARTER
AVERAGE: $
2,395,250.
$ 2,352,350.
$
1,981,117.
284
- Difference
between ORIGINAL List Price and SOLD Price = (17%)
- Difference
between ORIGINAL List Price and REDUCED Price = (2%)
CONDO/TOWNHOUSE: UNDER
CONTRACT
COMPARABLE SALES
OCTOBER
1
1
NOVEMBER
-0-
-0-
DECEMBER
1
2
(2)
(3)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
OCTOBER
$997,500.
$899,000.
$845,000.
217
NOVEMBER
-0-
-0-
-0-
DECEMBER
1,112,000.
749,000.
680,000.
293
4TH QUARTER
AVERAGE:
$ 703,167.
$ 549,333.
$
508,333.
170
- Difference
between ORIGINAL List Price and SOLD Price = (28%)
- Difference
between ORIGINAL List Price and REDUCED Price = (22%)