2010 – OCTOBER – SEA ISLE CITY,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (1)

                                                                                        ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                                       LIST PRICE         LIST PRICE         MARKET

7609 Pleasure (5)Bed.,(4.5)Bth.                                $2,699,000.         SAME                  75

 

RESIDENTIAL – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (2)

                                                              ORIGINAL          REDUCED          SOLD          CLOSING        DAYS

ADDRESS                                             LIST PRICE          PRICE               PRICE              DATE         onMkt

8913 Landis (3)Bed.,(1)Bth.             $659,000.           $599,000.        $575,000.      10/7/10        352

8710 Pleasure (5)Bed.,(2)Bth.           839,900.              689,900.          625,000.      10/12/10      175

                                                             (1,498,900.)         (1,288,900.)    (1,200,000.)                     (527)

Average Original                    Average Reduced                    Average Sold               Average Days on

List Price = $749,450.            List Price = $644,450.              Price = $600,000.       Market = 263

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

-          Difference between ORIGINAL List Price and REDUCED Price = (14%)

 

LOTS/LAND – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (1)

                                                            ORIGINAL          REDUCED          SOLD          CLOSING          DAYS

ADDRESS                                            LIST PRICE         PRICE                 PRICE             DATE          onMkt

113 36th (58’x 110’)                           $549,000.          SAME             $502,000.     10/26/10         83

-          Difference between ORIGINAL List Price and SOLD Price = (9%)

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

 

COMMERCIAL – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 10/2/2010 TO 10/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 10/2/2010 TO 10/31/2010 = (10)

                                                                           ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                          LIST PRICE         LIST PRICE         MARKET

5214 Landis (2)Bed.,(1.5)Bth. #C                  $269,000.                SAME                 33

221 79th (3)Bed.,(1.5)Bth. 1stFl                       350,000.                SAME                 22

319 39th (4)Bed.,(3)Bth. West                          539,000.                SAME                 227

127 34th (5)Bed.,(3)Bth. West                          624,900.              584,000.              73

105 51st (4)Bed.,(3)Bth. East                            619,900.              589,900.               39

226 43rd (4)Bed.,(3.5)Bth. West                       599,963.                SAME                  2

114 54th (4)Bed.,(3.5)Bth. East                         769,000.              739,000.               63

*129 58th (5)Bed.,(3.5)Bth. West                     779,000.                 SAME                 48

9 78th (4)Bed.,(3.5)Bth. East                              925,000.              889,500.               253

7404 Pleasure (4)Bed.,(3.5)Bth. South         1,199,000.           1,095,000.              79

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (10)

                                                                 ORIGINAL          REDUCED          SOLD          CLOSING     DAYS

ADDRESS                                                LIST PRICE          PRICE               PRICE              DATE      onMkt

382 43rd (3)Bed.,(1)Bth. #1A-No.1stFl $325,000.         SAME           $320,000.      10/15/10      24

109 82nd(3)Bed.,(1)Bth. 2ndFl                 389,000.         SAME             351,000.      10/28/10      73

*4009 Landis(3)Bed.,(2)Bth. #9               439,000.       419,000.         392,500.       10/7/10       251

*4601 Landis(3)Bed.,(2)Bth. #B               440,000.         SAME            420,000.       10/29/10     219

4100 Boardwlk(2)Bed.,(1)Bth.SeaShell#1C   509,000.    493,900.     425,000.       10/19/10    232

3609 Central(4)Bed.,(2)Bth. North          549,000.         499,000.       450,000.       10/15/10     440

227 80th (4)Bed.,(2)Bth. East                    495,000.           SAME           475,000.       10/25/10     54

*6604 Landis (5)Bed.,(3.5)Bth. North     699,500.           SAME           672,000.       10/29/10     132

9109 Pleasure(4)Bed.,(2)Bth. 1stFl          879,000.          874,500.       837,500.       10/29/10     245

20 68th (5)Bed.,(3.5)Bth. East                   899,000.             SAME          875,000.       10/30/10     36

(3)NEW CONSTRUCTION

                                                                 (5,623,500.)    (5,533,900.)   (5,218,000.)                     (1,706)

Average Original                    Average Reduced                    Average Sold               Average Days on

List Price = $562,350.            List Price = $553,390.             Price = $521,800.        Market = 171

-          Difference between ORIGINAL List Price and SOLD Price = (7%)

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

 

TOTAL SEA ISLE CITY, NJ SALE INVENTORY (AS OF 11-7-2010) = 352

RESIDENTIAL                                                       21

LOTS/LAND                                                          7

COMMERCIAL                                                      7

MULTI-FAMILY                                                     8

CONDO/TOWNHOUSE                                       309

 

 

 

 

 

 

 

 

2010 – NOVEMBER - SEA ISLE CITY,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (1)

                                                                                        ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                                      LIST PRICE           PRICE                MARKET

230 56th (5)Bed.,(3.5)Bth. (50’x 110’)                      $845,000.           $799,000.             72

 

RESIDENTIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (2)

                                                           ORIGINAL          REDUCED        SOLD          CLOSING       DAYS

ADDRESS                                          LIST PRICE         PRICE               PRICE              DATE         onMKT

8411 Sounds (3)Bede.,(3)Bth.      $ 895,000.          SAME              $ 800,000.    11/30/10      259

7609 Pleasure (5)Bed.,(4.5)Bth.   2,699,000.          SAME              2,535,000.    11/12/10     106

                                                    (3,594,000.)    (3,594,000.)         (3,335,000.)                          (365)

Average Original                  Average Reduced                  Average Sold                Average Days on

List Price = $1,797,000.       List Price = $1,797,000.        Price = $1,667,500.     Market = 182

-          Difference between ORIGINAL List Price and SOLD Price = (7%)

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

 

LOTS/LAND – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (4)

                                                                        ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                       LIST PRICE              LIST PRICE              MARKET

3510 Central (3)Bed.,(1)Bth. #5                $315,000.               $299,000.                   442

6310 Emmeus (4)Bed.,(2.5)Bth. South       675,000.                 539,000.                   316

209 48th (4)Bed.,(2.5)Bth. West                   565,000.                 549,000.                   138

*113 36th (6)Bed.,(3/2)Bth. East                  599,000.                   SAME                       43

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (12)

                                                                ORIGINAL          REDUCED        SOLD          CLOSING        DAYS

ADDRESS                                               LIST PRICE          PRICE              PRICE             DATE         onMkt

133 67th (2)Bed.,(1)Bth. Front           $235,000.           SAME              $235,000.     11/5/10        49

4114 Central (2)Bed.,(1)Bth. #209      325,000.           299,000.          277,500.      11/6/10       157

 

 

5400 Landis (3)Bed.,(1.5)Bth. #A         359,000.           SAME               359,000.      11/12/10     287

9107 Landis (3)Bed.,(1.5)Bth. 1stFl      419,000.          SAME               395,000.       11/12/10     72

9107 Landis (3)Bed.,(1.5)Bth. 2ndFl     429,000.          SAME               410,000.       11/12/10     72

319 39th (4)Bed.,(3)Bth. West                539,000.          SAME               517,500.       11/30/10    273

7508 Landis (5)Bed.,(3.5)Bth. South     675,000.          SAME               622,500.       11/30/10    329

113 58th (4)Bed.,(3.5)Bth. West            749,000.           SAME               715,000.       11/5/10       59

9 78th (4)Bed.,(3.5)Bth. East                  925,000.           889,500.          832,500.       11/30/10     312

7404 Pleasure (4)Bed.,(3.5)Bth. So.   1,199,000.      1,095,000.          995,000.       11/19/10     127

*7601 Pleasure (4)Bed.,(3.5)Bth. 1st   2,750,000.      1,699,000.       1,450,000.       11/1/10     1,602

*7601 Pleasure (4)Bed.,(3/2)Bth. 2nd     2,850,000.  1,899,000.       1,525,000.       11/5/10    1,606

(2)NEW CONSTRUCTION

                                                             (11,454,000.)     (9,286,500.)    (8,333,500.)                     (4,942)

Average Original                 Average Reduced                 Average Sold                 Average Days on

List Price = $954,500.         List Price = $773,875.           Price = $694,458.         Market = 412

-          Difference between ORIGINAL List Price and SOLD Price = (27%)

-          Difference between ORIGINAL List Price and REDUCED Price = (19%)

 

TOTAL SEA ISLE CITY, NJ -  SALE INVENTORY (AS OF 1/12/2011) = 313

RESIDENTIAL                                                   18

LOTS/LAND                                                      8

COMMERCIAL                                                 5

MULTI-FAMILY                                                9

CONDO/TOWNHOUSE                                 273

 

2010 – DECEMBER – SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 12/1/2010 TO 12/31/2010 = (1)

                                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                                        LIST PRICE         LIST PRICE         MARKET

37 85th (5)Bed.,(3.5)Bth. (40’x107’)                           $1,259,000.       $1,050,000.         713

 

RESIDENTIAL – COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (0)

 

LOTS/LAND – UNDER CONTRACT: 12/1/2010 TO 12/31/2010  = (0)

LOTS/LAND – COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 12/1/2010 TO 12/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (1)

                                                           ORIGINAL        REDUCED        SOLD          CLOSING         DAYS

ADDRESS                                          LIST PRICE        PRICE              PRICE             DATE            onMkt

4315 Landis (1,600sq.ft.)               $489,000.         SAME             $255,000.     12/24/10        356

 

MULTI-FAMILY – UNDER CONTRACT: 12/1/2010 TO 12/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 12/1/2010 TO 12/31/2010 = (4)

                                                                                  ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                 LIST PRICE              LIST PRICE               MARKET

5804 Landis (2)Bed.,(1)Bth. 2ndFl                      $225,000.                 SAME                           15

122 75th (4)Bed.,(3/2)Bth. West                           749,900.                  SAME                            3

110 60th (4)Bed.,(3.5)Bth. East                              775,000.                 765,000.                       89

9 85th (4)Bed.,(3)Bth. North                                1,269.900.                  SAME                           54

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (15)

                                                                 ORIGINAL        REDUCED          SOLD          CLOSING       DAYS

ADDRESS                                                LIST PRICE        PRICE                PRICE             DATE        onMkt

105 65th (3)Bed.,(2)Bth. #207              $389,900.        $369,900.        $335,000.     12/8/10        72

22 35th (3)Bed.,(2)Bth. #4,2ndE             495,000.          450,000.          400,000.      12/17/10     174

233 57th (3)Bed.,(2)Bth. 2ndFl                549,000.          499,000.          437,500.     12/30/10      308

126 55th (4)Bed.,(2.5)Bth. East               525,000.          499,900.          467,500.     12/17/10      122

142 54th (4)Bed.,(2.5)Bth. West             579,900.             SAME            545,000.     12/22/10        92

105 51st (4)Bed.,(3)Bth. East                   619,900.           589,900.        550,000.     12/17/10         93

*201 90th St.(4)Bed.,(2)Bth. 1stFl          709,000.            599,000.        550,000.     12/18/10        309

266 43rd (4)Bed.,(3.5)Bth. West             599,963.             SAME            575,000.     12/3/10          57

127 34th (5)Bed.,(3)Bth. West                 624,900.            584,000.       575,000.      12/21/10       145

129 67th (4)Bed.,(3.5)Bth. West             724,500.            695,000.        650,000.      12/10/10       109

*6604 Landis (5)Bed.,(3.5)Bth. South    699,500.             SAME           677,000.       12/27/10      194

114 54th (4)Bed.,(3.5)Bth. East                769,000.            739,000.       720,000.       12/10/10     111

*105 74th (5)Bed.,(4.5)Bth. East              759,900.            749,000.       720,000.       12/29/10     166

7304 Pleasure (4)Bed.,(3)Bth. South     899,000.            825,000.       800,000.       12/3/10       325

7 84th (5)Bed.,(2/2)Bth. North             1,095,000.         1,079,000.       950,000.       12/22/10    174

(3)NEW CONSTRUCTION

                                                              (10,039,463.)     (9,558,063.)    (8,952,000.)                   (2,451)

Average Original               Average Reduced               Average SOLD                Average Days on

List Price = $669,297.       List Price = $637,204.         Price = $596,800.          Market = 163

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

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

 

TOTAL SEA ISLE CITY, NJ – SALE INVENTORY (AS OF 1/12/2011) = 313

RESIDENTIAL                                         18

LOTS/LAND                                            8

COMMERCIAL                                        5

MULTI-FAMILY                                       9

CONDO/TOWNHOUSE                         273