2011 – SEPTEMBER – SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)

RESIDENTIAL – COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)

 

LOTS/LAND – UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)

LOTS/LAND – COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 9/1/0211 TO 9/30/2011 = (0)

MULTI-FAMILY – COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)

 

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (12)

                                                                                                  ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                                                 LIST PRICE           LIST PRICE         MARKET

61 85th (1)Bed.,(1)Bth. #A-404                                            $350,000.            $269,900.              171

5400 Landis (2)Bed.,(1.5)Bth. #C                                          324,900.                SAME                  39

4508 Landis (3)Bed.,(2)Bth. #301                                         359,000.               329,000.              117

*4204 Landis (3)Bed.,(2)Bth. #302                                       429,000.               399,000.              167

*4204 Landis (3)Bed.,(2)Bth. #205                                       439,000.               399,000.              168

3500 Boardwalk (2)Bed.,(2)Bth. #620-N                              405,000.                SAME                  2

9 44th (2)Bed.,(2)Bth. #208                                                     415,000.                SAME                  1

230 81st (4)Bed.,(3.5)Bth. South                                            499,000.                SAME                   31

5404 Central (5)Bed.,(3)Bth. South                                       639,900.              599,000.                212

21 37th (4)Bed.,(3.5)Bth. West                                                640,000.                SAME                   39

130 48th (5)Bed.,(3.5)Bth. West                                              679,000.                SAME                   30

*25 46th (6)Bed.,(4.5)Bth. East                                                849,000.                SAME                   77

(3)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (5)

                                                                    ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                                   LIST PRICE        PRICE             PRICE            DATE         onMkt

*4204 Landis (3)Bed.,(2)Bth. #301        $439,000.        $399,000.      $382,000.     9/29/11      175

125 83rd (4)Bed.,(2)Bth. East                    549,000.           529,000.        485,000.     9/2/11         347

138 42nd (4)Bed.,(3.5)Bth. East                599,000.             SAME            502,000.     9/28/11      373

30 52nd (4)Bed.,(2)Bth. South                   577,000.           569,000.         527,000.     9/9/11         81

*110 65th (6)Bed.,(4.5)Bth. East               759,900.             SAME            742,500.     9/30/11       119

(2)NEW CONSTRUCTION                     (2,923,900.)      (2,855,900.)     (2,638,500.)                 (1,095)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $584,780.       List Price = $571,180.         Price = $527,700.       Market = 219

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 10/14/2011) = 315

RESIDENTIAL                                                    19

LOTS/LAND                                                       6

COMMERCIAL                                                   8

MULTI-FAMILY                                                  11

CONDO/TOWNHOUSE                                    271