2011 – JANUARY – STONE HARBOR,NJ:

RESIDENTIAL – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (4)

                                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                         LIST PRICE          LIST PRICE           MARKET

265 86th St. (3)Bed.,(2)Bth.                                          $998,000.             SAME                     101

10209 First Ave. (5)Bed.,(3)Bth.                                 1,879,000.             SAME                     168

8901 First Ave. (5)Bed.,(2.5) Bth.                               1,995,000.             SAME                     2

245 101st St. (6)Bed.,(3/2)Bth.                                    2,399,000.          2,199,000.               501

 

RESIDENTIAL – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (2)

                                                                ORIGINAL          REDUCED          SOLD          CLOSING        DAYS

ADDRESS                                                LIST PRICE         PRICE                PRICE            DATE            onMkt

308 92md St. (3)Bed.,(1/2)Bth.          $2,000,000.       $1,150,000.      $975,000.     1/10/11        858

11205 Third Ave. (4)Bed.,(3)Bth.          2,895,000.         2,395,000.     2,000,000.     1/31/11        851

                                                               (4,895,000.)         (3,545,000.)    (2,975,000.)                       (1,709)

Average Original                    Average Reduced                    Average Sold                    Average Days on

List Price = $2,447,500.        List Price = $1,772,500.          Price = $1,487,500.          Market = 854

-          -          Difference between ORIGINAL List Price and SOLD Price = (39%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (28%)

 

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

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

 

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

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

 

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

MULTI-FAMILY – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (4)

                                                                                      ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                     LIST PRICE           LIST PRICE           MARKET

9511 Sunset Dr. (1)Bed.,(1)Bth. #403                    $309,000.             $259,000.               292

10550 Third Ave. (4)Bed.,(2)Bth. #1East                  729,000.                SAME                   47

302 83rd St. (3)Bed.,(2)Bth. #1                                    849,000.              795,000.                679

219 117th St. (4)Bed.,(2)Bth.  Front                            849,000.              799,000.                338

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 2/4/2011) = 207

RESIDENTIAL                                                    107

LOTS/LAND                                                       7

COMMERCIAL                                                   10

MULTI-FAMILY                                                  19

CONDO/TOWNHOUSE                                    64

 

2011 – FEBRUARY – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (1)

                                                                                       ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                      LIST PRICE            LIST PRICE           MARKET

115 106th (5)Bed.,(4)Bth.                                           $2,195,000.         $1,995,000.          238

 

RESIDENTIAL – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (3)

                                                           ORIGINAL           REDUCED           SOLD           CLOSING        DAYS

ADDRESS                                          LIST PRICE           PRICE                 PRICE             DATE          onMkt

265 86th (3)Bed.,(2)Bth.                 $998,000.            SAME              $850,000.       2/4/11          125

10209 First (5)Bed.,(3)Bth.           1,879,000.            SAME             1,500,000.       2/11/11        186

8522 Sunset (4)Bed.,(3)Bth.         2,175,000.         1,875,000.        1,775,000.      2/4/11           347

                                                         (5,052,000.)        (4,752,000.)    (4,125,000.)                         (658)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,684,000.     List Price = $1,584,000.     Price = $1,375,000.     Market = 219

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

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

 

LOTS/LAND – UNDER CONTRACT: 2/1/11 to 2/28/11 = (0)

LOTS/LAND – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

COMMERCIAL – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

COMMERCIAL – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

MULTI-FAMILY – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (1)

                                                                                     ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                    LIST PRICE               LIST PRICE              MARKET

8811 Third Ave. (3)Bed.,(1)Bth. #4                         $564,000.               $374,000.              1,350

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (3)

                                                             ORIGINAL           REDUCED         SOLD             CLOSING      DAYS

ADDRESS                                            LIST PRICE           PRICE              PRICE              DATE          onMkt

9511 Sunset(1)Bed.,(1)Bth. #403   $309,000.            $259,000.       $245,000.      2/28/11        354

219 117th (4)Bed.,(2)Bth. Front         849,000.              799,000.          725,000.     2/14/11         357

302 83rd (3)Bed.,(2)Bth. #1                849,000.              795,000.          740,000.      2/23/11         722

                                                        (2,007,000.)          (1,853,000.)     (1,710,000.)                      (1,433)

 

 

 

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $669,000.       List Price = $617,667.         Price = $570,000.        Market = 478

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 3/6/11) = 229

RESIDENTIAL                                                         125

LOTS/LAND                                                              9

COMMERCIAL                                                         12

MULTI-FAMILY                                                        18

CONDO/TOWNHOUSE                                           65

 

2011 – MARCH – STONE HARBOR, NJ:

                               

RESIDENTIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (6)

                                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                             LIST PRICE              LIST PRICE              MARKET

363 93rd St: (4)Bed.,(2)Bth. /duplex               $999,000.               $925,000.                  127

247 85th St: (5)Bed.,(3.5)Bth.                          1,475,000.              1,375,000.                  120

11857 Paradise Dr: (5)Bed.,(3)Bth.                2,195,000.                  SAME                       27

149 106th St: (5)Bed.,(4.5)Bth.                        2,675,000.                  SAME                       54

372 92nd St: (4)Bed.,(3)Bth.                             3,675,000.                  SAME                       104

*1 105th St: (5)Bed.,(3.5)Bth.                           5,900,000.                  SAME                       28

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)

                                                               ORIGINAL          REDUCED          SOLD          CLOSING       DAYS

ADDRESS                                              LIST PRICE          PRICE               PRICE              DATE        onMkt

213 109th St: (3)Bed.,(2)Bth.             $719,000.           $689,000.        $650,000.     3/3/11        210

Average Original               Average Reduced               Average Sold               Average Days on

List price = $719,000.       List Price = $689,000.        Price = $650,000.        Market = 210

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

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

 

LOTS/LAND – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

LOTS/LAND – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2011 TO 3/3/12011 = (0)

 

 

 

 

MULTI-FAMILY – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

                                                                                    ORIGINAL               REDUCED              DAYS ON

ADDRESS                                                                    LIST PRICE             LIST PRICE             MARKET

363 93rd St: (2/2)Bed.,(1/1)Bth.                             $999,000.              $925,000.                     132

 

MULTI-FAMILY – COMPARABLE SALES: 3/1/2011 TO 3/3/12011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

                                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                             LIST PRICE               LIST PRICE             MARKET

8001 Second Ave: (2)Bed.,(2)Bth.  #304        $495,000.                $449,000.                  340

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2011 TO 3/3/12011 = (1)

                                                             ORIGINAL          REDUCED          SOLD          CLOSING      DAYS

ADDRESS                                            LIST PRICE          PRICE               PRICE             DATE        onMkt

10550 Third (4)Bed.,(2)Bth. East    $729,000.           SAME             $685,000.     3/31/11          129

Average Original                  Average Reduced                Average Sold                Average Days on

List Price = $729,000.          List Price = $729,000.         Price = $685,000.         Market = 129

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 4-5-2011) = 235

RESIDENTIAL                                                   132

LOTS/LAND                                                      9

COMMERCIAL                                                  9

MULTI-FAMILY                                                18

CONDO/TOWNHOUSE                                  67