2010- JULY – SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: JULY 1, 2010 TO JULY 31, 2010 = (0)

RESIDENTIAL – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (3)

                                                ORIGINAL     REDUCED     SOLD     CLOSING    DATE

ADDRESS                              LIST RPICE     PRICE          PRICE       DATE        onMkt

238 85th(3)Bed.,(1.5)Bth.       $515,000.            SAME           $460,000.    7/16/10         118

13 71st(3)Bed.,(2)Bth.           1,275,000.          1,200,000.      1,169,225.    7/19/10          174

8223 Sounds(5)Bed.,(3)Bth. 1,595,000.             SAME         1,475,000.    7/1/10            146

                                             (3,385,000.)        (3,310,000.)    (3,104,225.)                     (438)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,128,333.     List Price = $1,103,333.     Price = $1,034,742.   Market = 146

-         Difference between ORIGINAL List Price and SOLD Price = (8%)

-         Difference between ORIGINAL List Price and REDUCED Price = (2%)

 

LOTS/.LAND – UNDER CONTRACT: JULY 1, 2010 TO JULY 31, 2010 = (0)

LOTS/LAND – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: JULY 1, 2010 TO JULOY 31, 2010 = (0)

COMMERCIAL – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: JULY 1, 2010 TO JUL7 31, 2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: JULY 1, 2010 TO JULY 31, 2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: JULY 1, 2010 TO JULY 31, 2010 = (7)

                                                                     ORIGINAL              REDUCED           DAYS ON

ADDRESS                                                   LIST PRICE           LIST PRICE         MARKET

221 87th(2)Bed.,(1)Bth. #202                       $260,000.                  $249,000.                  50

310 47thPl(3)Bed.,(2)Bth. 2ndFl                   599,000.                    549,000.                  44

21 79th(4)Bed.,(2)Bth. South                          699,000.                    665,000.                 522

7610 Pleasure(4)Bed.,(2)Bth. North               766,000.                    698,000.                110

6611 Landis(4)Bed.,(3.5)Bth. North               769,000.                    699,000.                269

* 6604 Landis(5)Bed.,(3.5)Bth. North            699,500.                     SAME                  6

3608 Sounds(4)Bed.,(2)Bth. North                 899,000.                     SAME                   312

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: July 1, 2010 to July 31, 2010 = (12)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE     PRICE          PRICE         DATE     onMkt

370 43rdPl(3)Bed.,(1)Bth. #A         $295,000.         $250,000.       $250,000.      7/15/10       251

* 4009 Landis(3)Bed.,(2)Bth. #6       439,000.            SAME          425,000.      7/1/10          118

5701 Sounds(3)Bed.,(2)Bth. 1stFl      450,000.           SAME          430,000.      7/1/10           52

* 4601 Landis(3)Bed.,(2)Bth. #F       440,000.            SAME          433,000.      7/10/10         72

* 4601 Landis(4)Bed.,(2.5)Bth. #A    490,000.           SAME          450,000.      7/17/10         115

 

5804 Central(4)Bed.,(2.5)Bth. South  569,000.           SAME          540,000.      7/29/10         101

30 55th(4)Bed.,(2)Bth. West                825,000.          699,000.        645,000.      7/20/10         932

367 43rdPl(4)Bed.,(3)Bth. East           849,000.           SAME          799,000.      7/8/10          190

* 301 47thPl(5)Bed.,(3.5)Bth. West  1,099,000.       1,049,000.       950,000.      7/2/10           381

27 58th(4)Bed.,(3/2)Bth. East             1,250,000.       1,199,000.       999,000.      7/30/10         149

340 47thPl(4)Bed.,(3.5)Bth. West      1,195,000.          SAME       1,100,000.      7/30/10         114

* 5716 Pleasure(4)Bed.,(3)Bth. No.   1,195,000.          SAME       1,110,000.      7/1/10           136

                                                          (9,096,000.)    (8,824,000.)  (8,131,000.)                     (2,611)

(5)NEW CONSTRUCTION

 

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $758,000.        List Price = $735,333.        Price = $677,583.      Market = 218

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

-         Difference between ORIGINAL List Price and REDUCED Price = (3%)

 

TOTAL SEA ISLE CITY SALE INVENTORY ( AS OF 8-7-10) = 311

RESIDENTIAL                                                    23

LOTS/LAND                                                         5

COMMERCIAL                                                   8

MULTI-FAMILY                                                 11

CONDO/TOWNHOUSE                                     264

 

 

2010 – AUGUST - SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

                                                                    ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                  LIST PRICE          LIST PRICE          MARKET

8913 Landis (3)Bed.,(1)Bth.                       $659,000.                 $599,000.                    287

 

RESIDENTIAL – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (1)

                                                     ORIGINAL     REDUCED     SOLD     CLOSING     DAYS 

ADDRESS                                   LIST PRICE      PRICE         PRICE        DATE        onMkt

8227 Sounds(4)Bed.,(1.5)Bth.      $1,500,000.          SAME        $1,275,000.   8/4/10          105

                                                  (1,500,000.)           (1,500,000.)  (1,275,000.)                 (105)                                                  

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,500,000.     List Price = $1,500,000.     Price = $1,275,000.   Market = 105

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

-         Difference between ORIGINAL List Price and REDUCED List Price = (0%)

 

LOTS/LAND – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

                                                                      ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                    LIST PRICE          LIST PRICE        MARKET

10 50th Unit #1 – (5)Bed.,(4)Bth.                 $2,599,000.                     SAME                 34

             Unit #2 –(5)Bed.,(3)Bth.

             Unit #3 –(4)Bed.,(2)Bth.

 

MULTI-FAMILY – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (12)

                                                                      ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                   LIST PRICE           LIST PRICE         MARKET

85 85th St.(4)Bed.,(3.5)Bth.   #7                   $799,000.                   SAME                       24

8509 Pleasure (4)Bed.,(2-2)Bth. #8509         825,000.                  695,000.                     100

* 4111 Landis (2)Bed.,(2)Bth. 3rdFl East      349,900.                 294,000.                      121

201 90th (4)Bed.,(2)Bth. Top Floor                725,000.                 650,000.                       189

5400 Landis (3)Bed.,(1.5)Bth. A                    359,000.                   SAME                        184

129 76th (4)Bed.,(3)Bth. 1stFloor                   659,000.                    SAME                        205

 

3609 Landis (4)Bed.,(2)Bth.  North                549,000.                  499,000.                      385

3200 Landis (3)Bed.,(2)Bth. C-2ndFl             429,000.                  359,000.                      484

* 4111 Landis (2)Bed.,(2)Bth. 2ndFlWest      449,900.                  289,000.                      524

* 4111 Landis (2)Bed.,(2)Bth. 2ndFlEast        449,900.                 274,000.                      524

* 7601 Pleasure (4)Bed.,(3-2)Bth., 2ndFl     2,850,000.               1,899,000.                  1,513

* 7601 Pleasure (3)Bed.,(3.5)Bth. 1stFl       2,750,000.                1,699,000.                  1,517

(5)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (9)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE      PRICE        PRICE        DATE       onMkt

221 87th (2)Bed.,(1)Bth. #202          $260,000.           $249,000.      $210,000.     8/20/10       78

3710 Central (3)Bed.,(1.5)Bth.Top    306,900.              SAME          287,000.     8/30/10       55

6406 Central(3)Bed.,(2)Bth. #1          419,000.              SAME          370,000.     8/6/10         94

* 4009 Landis(3)Bed.,(2)Bth. #4        439,000.              SAME          395,000.     8/6/10        262

3309 Landis (4)Bed.,(2)Bth. No.        559,000.             SAME           546,000.     8/21/10       35

4607 Central(4)Bed.,(2.5)Bth. So.      649,000.             SAME           615,000.     8/20/10      143

* 5110 Landis(5)Bed.,(3.5)Bth. So.    699,000.             SAME           680,000.     8/17/10      132

7610 Pleasure(4)Bed.,(2)Bth. No.       766,000.            698,000.         650,000.    8/20/10       135

10 86th (4)Bed.,(2.5)Bth. No.-B        1,099,000.           899,000.          845,500.    8/18/10       320

                                                         (5,196,900.)        (4,917,900.)    (4,598,500.)                (1,254)

Average Original               Average Reduced             Average Sold            Average Days on

List Price = $577,433.        List Price = $546,433.      Price = $510,944.      Market = 139

-         Difference between ORIGINAL List Price and SOLD Price = (12%)

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 9-11-2010) = 318

RESIDENTIAL                                                 25

LOTS/LAND                                                      6

COMMERCIAL                                                10

MULTI-FAMILY                                              10

CONDO/TOWNHOUSE                                 267

 

2010 – SEPTEMBER – SEA ISLE CITY, NJ:           

 

RESIDENTIAL- UNDER CONTRACT: 9/1/2010  TO  9/30/2010 = (0)

RESIDENTIAL – COMPARABLE SALES: 9/1/2010  TO 9/30/2010 = (0)

 

LOTS/LAND – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (1)

                                                                 ORIGINAL          REDUCED          DAYS ON

ADDRESS                                              LIST PRICE         LIST PRICE       MARKET

113 36th     58’x 110’                               $ 549,000.                        SAME              28

 

LOTS/LAND – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

MULTI-FAMILY – COMPARABEL SALES: 9/1/2010 TO 9/30/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (14)

                                                               ORIGINAL          REDUCED          DAYS ON

ADDRESS                                            LIST PRICE         LIST PRICE       MARKET

4114 Central (2)Bed.,(1)Bth. #209        $ 325,000.               $ 299,000.                 106

382  43rdPl (3)Bed.,(1)Bth. #1A              325,000.                    SAME                   2

109 82nd (3)Bed.,(1)Bth. 2ndFl                389,000.                     SAME                  29

9107 Landis (3)Bed.,(1.5)Bth. 1stFl        419,000.                     SAME                   19

*4009 Landis (3)Bed.,(2)Bth. #6             439,000.                   419,000.                  220

9107 Landis (3)Bed.,(1.5)Bth. 2ndFl       429,000.                     SAME                  26

*4601 Landis (3)Bed.,(2)Bth. #B             440,000.                     SAME                  177

4100 Boardwalk (2)Bed.,(1)Bth. #1C      509,000.                   493,900.                  190

227 80th (4)Bed.,(2)Bth. East                   495,000.                      SAME                  20

*201 90th (4)Bed.,(2)Bth. 1stFl                709,000.                    599,000.                 214

113 58th (4)Bed.,(3.5)Bth. West               749,000.                     SAME                   6

9109 Pleasure (4)Bed.,(2)Bth. 1stFl         879,000.                    874,500.                 200

20 68th (5)Bed.,(3.5)Bth. East                   899,000.                     SAME                   1

*37 81st (5)Bed.,(4)Bth. East                    989,000.                    979,500.                  95

(4)NEW CONSTRUCTION

 

 

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (12)

                                                           ORIGINAL     REDUCED     SOLD     CLOSING   Days

ADDRESS                                        LIST PRICE     PRICE          PRICE        DATE    onMkt

*4111 Landis(2)Bed.,(2)Bth.2ndW.  $ 449,900.          $289,000.      $255,000.    9/30/10      561

*4111 Landis(2)Bed.,(2)Bth.2ndE.      449,900.            274,000.        255,000.    9/30/10      561

*4111 Landis(2)Bed.,(2)Bth.3rdE.       349,900.            294,000.       265,000.     9/30/10      158

3200 Landis(3)Bed.,(2)Bth. C-2ndFl   429,000.            359,000.        345,000.     9/15/10      526

*5110 Landis(5)Bed.,(3.5)Bth. No.      699,000.             SAME         400,000.     9/3/10        149

310 47thPl(3)Bed.,(2)Bth. 2ndFl          599,000.            549,000.       520,000.     9/24/10      109

*201 90th(4)Bed.,(2)Bth. TopFl            725,000.            650,000.       575,000.     9/24/10      224

7612 Central(4)Bed.,(2.5)Bth. East      599,000.             SAME         577,500.     9/9/10        94

129 76th(4)Bed.,(3)Bth. 1stFl                659,000.             SAME         600,000.     9/16/10      243

6611 Landis(4)Bed.,(3.5)Bth. No.        769,000.            699,000.       639,500.     9/4/10        336

8509 Pleasure(4)Bed.,(2)Bth. #8509    825,000.            695,000.       640,000.     9/20/10      145

85 85th (4)Bed.,(3.5)Bth. #7                 799,000.               SAME        785,000.     9/17/10      60

(5)NEW CONSTRUCTION

                                                            ($7,352,700.)    ($6,565,000.)  ($5,857,000.)             (3,166)

Average Original            Average Reduced            Average Sold            Average Days on

List Price = $612,725.     List Price = $547,083.     Price = $488,083.      Market = 264

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 10-2-2010) = 331

RESIDENTIAL                                                           22

LOTS/LAND                                                                6

COMMERCIAL                                                          7

MULTI-FAMILY                                                        9

CONDO/TOWNHOUSE                                             287