2011 – APRIL – SEA ISLE CITY,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

RESIDENTIAL – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (1)

                                                               ORIGINAL        REDUCED        SOLD         CLOSING       DAYS

ADDRESS                                              LIST PRICE           PRICE          PRICE             DATE         onMkt

21 46th (5)Bed.,(4/2)Bth. 50x110   $1,829,000.      $1,650,000.   $1,500,000.  4/29/11      209

-          -          Difference between ORIGINAL List Price and SOLD Price = (18%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (10%)

 

LOTS/LAND – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (1)

                                                                                           ORIGINAL               REDUCED              DAYS ON

ADDRESS                                                                          LIST PRICE              LIST PRICE             MARKET

207 90TH (3,140SQ.FT.)                                                   $599,000.              $499,000.                 149

 

LOTS/LAND – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (2)

                                                                    ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                                   LIST PRICE        PRICE             PRICE            DATE         onMkt

19 52nd (4/4)Bed.,(2/2)Bth. 52x97       $1,299,000.       SAME         $1,200,000.     4/8/11          83

10 50th (5/5)Bed.,(4/3)Bth. 46x110        2,599,000.       SAME           2,100,000.     4/16/11       272

                                                                 (3,898,000.)    (3,898,000.)    (3,300,000.)                      (355)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $1,949,000.    List Price = $1,949,000.     Price = $1,650,000.      Market = 177

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

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

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (13)

                                                                                    ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                   LIST PRICE              LIST PRICE               MARKET

132 39th (2)Bed.,(1)Bth. 2ndFl                               $274,900.                   SAME                       22

6318 Central (3)Bed.,(2)Bth. #3-North                  375,000.                    SAME                       9

6300 Landis (2)Bed.,(2)Bth. North                          435,000.                    SAME                      121

5512 Roberts (4)Bed.,(2)Bth. East                          544,900.                   498,000.                  190

121 71st (4)Bed.,(2.5)Bth. East                                 598,500.                  593,500.                   129

229 55th (4)Bed.,(2.5)Bth. West                               649,900.                     SAME                     65

*102 70th (5)Bed.,(4/2)Bth. East                               725,000.                    SAME                      193

133 51st (4)Bed.,(3.5)Bth. East                                  749,999.                     SAME                      21

*25 62nd (6)Bed.,(4.5)Bth. West                               929,000.                 919,000.                     200

*25 62nd (6)Bed.,(4.5)Bth. East                                 929,000.                 919,000.                     200

*116 87th (5)Bed.,(4.5)Bth. West                             945,000.                  939,000.                    105

*33 77th (4)Bed.,(3/2)Bth. West                            1,099,000.                 999,000.                     80

2201 Landis (5)Bed.,(3.5)Bth. South                     1,529,000.              1,099,000.                    298

(5)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (17)

                                                                        ORIGINAL        REDUCED        SOLD        CLOSING    DAYS

ADDRESS                                                       LIST PRICE         PRICE            PRICE           DATE      onMkt

5214 Landis (2)Bed.,(1.5)Bth. #C              $269,000.           SAME          $252,500.    4/29/11     218

121 39th (2)Bed.,(1)Bth. 2ndFl                     283,000.           SAME            265,000.    4/6/11          79

4114 Central (2)Bed.,(1)Bth. #217              294,999.           SAME            265,000.    4/8/11          95

4100 Boardwlk (2)Bed.,(1)Bth. #4D            399,900.         379,000.         360,000.    4/8/11         151

*4009 Landis (3)Bed.,(2)Bth. #6                  429,000.            SAME           405,000.    4/29/11       140

3700 Boardwlk (2)Bed.,(2)Bth. #806           440,000.            SAME           426,850.    4/15/11      66

3315 Central (4)Bed.,(2)Bth. North             549,000.          499,000.        450,000.    4/21/11      198

138 50th (4)Bed.,(2)Bth. East                        549,900.          535,900.         485,000.    4/22/11      274

*4009 Landis (3)Bed.,(3)Bth. #1                  519,999.             SAME           492,000.    4/15/11       74

5412 Central (4)Bed.,(2.5)Bth. East             649,900.          630,000.         590,000.    4/20/11     200

*113 36th (6)Bed.,(3/2)Bth. East                  599,000.             SAME           590,000.    4/29/11      211

19 52nd (4)Bed.,(2)Bth. 1stFl                         675,000.             SAME           600,000.    4/8/11         82

15 73rd (4)Bed.,(2.5)Bth. West                     625,000.             SAME            603,000.    4/29/11     111

112 52nd (5)Bed.,(3.5)Bth. East                    773,900.            715,000.        680,000.    4/29/11     217

14 76th (4)Bed.,(3)Bth. East                           749,000.              SAME          700,000.    4/21/11     110

341 47th (4)Bed.,(4)Bth. #A                            749,000.              SAME          759,000.    4/15/11     100

4010 Pleasure (4)Bed.,(4)Bth. #1                  995,000.           849,000.       843,000.    4/22/11     608

(3)NEW CONSTRUCTION

                                                                   (9,550,598.)        (9,240,898.)     (8,766,350.)             (2,934)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $561,800.        List Price = $543,582.        Price = $515,668.         Market = 173

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

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

 

TOATL SEA ISLE CITY SALE INVENTORY (AS OF 5-6-11) = 350

RESIDENTIAL                                          20

LOTS/LAND                                             8

COMMERCIAL                                         8

MULTI-FAMILY                                       10

CONDO/TOWNHOUSE                         304

 

 

2011 – MAY – SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

RESIDENTIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

LOTS/LAND: UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

LOTS/LAND – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

COMMERCIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

MULTI-FAMILY – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

                                                                      ORIGINAL        REDUCED        SOLD        CLOSING     DAYS

ADDRESS                                                     LIST PRICE        PRICE              PRICE           DATE       onMkt

108 84th (2/2)Bed.,(1/1)Bth. 40x100      $550,000.         $525,000.      $500,000.     5/6/11     160

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

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

 

CONDO/TOWNHOUSE – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (12)

                                                                                ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                LIST PRICE              LIST PRICE             MARKET

3508 Central (3)Bed.,(1.5)Bth. 2ndFl                $429,000.               $379,000.                    85

3700 Boardwalk So (2)Bed.,(2)Bth. #602-S        455,000.                 399,000.                     428

3814 Landis (4)Bed.,(3)Bth. Unit 1                      474,900.                  459,000.                     148

9114 Landis (4)Bed.,(2)Bth. West                        559,900.                  549,900.                     182

*244 38th (6)Bed.,(4.5)Bth. East                           589,000.                    SAME                         52

214 81st (4)Bed.,(3)Bth. East                                 599,000.                  595,000.                     220

*132 West Jersey (5)Bed.,(3/2)Bth. East            599,000.                  575,000.                     261

*132 West Jersey (6)Bed.,(4.5)Bth. West           599,000.                  575,000.                     285

50 79th (4)Bed.,(2.5)Bth. South                             675,000.                  650,000.                     197

118 54th (4)Bed.,(3.5)Bth. West                            699,000.                  655,000.                     249

85 85th (4)Bed.,(3.5)Bth. #5                                   799,999.                     SAME                        237

11 48th (4)Bed.,(3.5)Bth. South                          1,399,000.                1,250,000.                    351

(3)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (18)

                                                                 ORIGINAL          REDUCED          SOLD          CLOSING     DAYS

ADDRESS                                                LIST PRICE         PRICE                PRICE              DATE      onMkt

132 39th (2)Bed.,(1)Bth. 2ndFl.W       $274,900.            SAME             $230,000.     5/6/11          39

6318 Central (3)Bed.,(2)Bth. 3-No.       375,000.           SAME               355,000.     5/20/11        53

 

3700 Boardwlk (2)Bed.,(2)Bth. #807-S 451,000.           SAME               415,000.     5/25/11        107

512 Roberts (4)Bed.,(2)Bth. East           544,900.          498,000.           480,000.     5/13/11        211

19 66th (5)Bed.,(2/2)Bth. West               729,000.          549,000.           540,000.     5/13/11        602

121 71st (4)Bed.,(2.5)Bth. East                598,500.          593,500.           575,000.     5/19/11        177

229 55th (4)Bed., (2.5)Bth. West             649,900.            SAME              620,000.     5/19/11         92

4415 Venicean (3)Bed.,(2.5)Bth. So.      650,000.             SAME             625,000.     5/13/11         73

*313 57th (4)Bed.,(3.5)Bth. East              699,000.             SAME             667,500.     5/12/11         84

*102 70th (5)Bed.,(4/2)Bth. East              725,000.             SAME            702,500.     5/6/11          224

25 75th (5)Bed.,(3)Bth. East                       895,000.          725,000.          710,000.     5/20/11       661

133 51st (4)Bed.,(3.5)Bth. East                  749,999.             SAME            740,000.     5/20/11       61

13 65th (5)Bed.,(3.5)Bth. East                    999,000.           869,000.         835,000.     5/16/11      368

*25 62nd (60Bed.,(4.5)Bth. West              929,000.            919,000.         850,000.     5/15/11      237

*25 62nd (6)Bed.,(4.5)Bth. East                 929,000.            919,000.         850,000.     5/15/11      237

*33 77th (4)Bed.,(3/2)Bth. West            1,099,000.            999,000.         870,000.     5/6/11        91

*116 87th (5)Bed.,(4.5)Bth. West              945,000.            939,000.         900,000.     5/20/11      143

2201 Landis (5)Bed.,(3.5)Bth. South     1,529,000.         1,099,000.         950,000.     5/26/11     366

 (6)NEW CONSTRUCTION

                                                               (13,772,199.)      (12,684,299.)      (11,915,000.)            (3,826)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $765,122.       List Price = $704,683.         Price = $661,944.        Market =  212

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 6-17-2011) = 327

RESIDENTIAL                                             20

LOTS/LAND                                                8

COMMERCIAL                                            20

MULTI-FAMILY                                           11

CONDO/TOWNHOUSE                             268

 

 

2011 – JUNE – SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

RESIDENTIAL – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

LOTS/LAND – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

LOTS/LAND – COMPAR4ABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

 

 

MULTI-FAMILY – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (1)

                                                                                      ORIGINAL               REDUCED            DAYS ON

ADDRESS                                                                     LIST PRICE              LIST PRICE           MARKET

25 46th (2/3/3)Bed., (1/2/2)Bth. Triplex                $815,000.                 SAME                          1

 

MULTI-FAMILY – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (1)

                                                                      ORIGINAL        REDUCED        SOLD        CLOSING      DAYS

ADDRESS                                                     LIST PRICE        PRICE              PRICE           DATE       onMkt

132 42nd (2/3)Bed.,(1/1)Bth.                 $389,900.            SAME           $352,500.     6/13/11     72

-          -          Difference between ORIGINAL List Price and SOLD Price = (10%)

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

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (11)

                                                                                          ORIGINAL               REDUCED            DAYS ON

ADDRESS                                                                         LIST PRICE              LIST PRICE           MARKET

61 85th (1)Bed.,(1)Bth. #A-404                                     $350,000.               $249,900.              80

4100 Boardwlk (2)Bed.,(1)Bth. #4B                               419,900.                 399,900.              19

205 54th (4)Bed.,(2/2)Bth. East                                       469,000.                 459,000.              90

9 44th (2Bed.,(2)Bth. #303                                                515,000.                 469,000.             508

*222 46th (4)Bed.,(2/2)Bth. West                                    599,000.                   SAME                  1

137 70th (4)Bed.,(3/2)Bth. East                                        639,000.                 624,900.              134

5412 Central (4)Bed., (2.5)Bth. West                              630,000.                 625,000.              137

*110 65th (6)Bed.,(4.5)Bth. West                                     759,900.                    SAME                 20

*110 65th (6)Bed.,(4.5)Bth. East                                       759,900.                    SAME                 13

7300 Pleasure (5)Bed.,(3.5)Bth. North                            899,000.                  849,000.             243

2607 Landis (4)Bed.,(3)Bth. South                                1,279,000.               1,199,500.             276

(3)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (12)

                                                                    ORIGINAL        REDUCED        SOLD        CLOSING       DAYS

ADDRESS                                                   LIST PRICE        PRICE            PRICE            DATE         onMkt

3508 Central (3)Bed.,(1.5)Bth. 2ndFl   $429,000.        $379,000.      $353,330.    6/24/11       120

3700 Boardwlk(2)Bed.,(2)Bth. 602-S      455,000.          399,000.        370,000.    6/22/11        465

6300 Landis(2)Bed.,(2)Bth. North           435,000.            SAME           410,000.    6/10/11        189

3500 Boardwlk(2)Bed.,(2)Bth. #223       449,000.            SAME           426,000.    6/10/11         89

7108 Landis(4)Bed.,(2)Bth. South           524,900.           514,900.       485,000.    6/29/11         209

9114 Landis (4)Bed.,(2)Bth. West            559,900.          549,900.       537,000.    6/24/11         220

214 81st (4)Bed.,(3)Bth. East                     599,000.          595,000.       560,000.    6/30/11         279

50 79th (4)Bed.,(2.5)Bth. South                 675,000.          650,000.       590,000.    6/24/11        235

332 44th Pl.(3)Bed.,(2.5)Bth. West           749,000.          679,000.       640,000.    6/9/11           247

333 46th Pl.(4)Bed.,(2/2)Bth. West           749,000.          699,500.       675,000.    6/10/11        151

221 54th (4)Bed.,(3)Bth. East                     764,500.          719,000.       707,000.    6/6/11           324

*4612 Park (5)Bed.,(4.5)Bth. South       1,325,000.            SAME       1,200,000.   6/3/11           170

(1)NEW CONSTRUCTION

                                                                 (7,714,300.)      (7,394,300.)   (6,953,330.)                  (2,698)

Average ORIGINAL               Average REDUCED               Average SOLD               Average Days on

List Price = $642,858.           List Price = $616,192.          Price = $579,444.         Market = 225

-          -          Difference between ORIGINAL List Price and SOLD Price = (10%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (4%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 7-16-11) = 306:

RESIDENTIAL                                                      19

LOTS/LAND                                                         8

COMMERCIAL                                                     8

MULTI-FAMILY                                                   14

CONDO/TOWNHOUSE                                     257