2010 – APRIL – SEA ISLE CITY,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

RESIDENTIAL – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (1)

                                              ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                           LIST PRICE     PRICE           PRICE       DATE         MARKET

320 47thPlace(4)Bed.,(3)Bth. $1,250,000.       SAME          $1,132,500.   4/30/10          192

 

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,250,000.     List Price = $1,250,000.     Price = $1,132,500.   Market = 192

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

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

 

LOTS/LAND – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2010 TO 4/30/2010  = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (10)

                                                                       ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                    LIST PRICE         LIST PRICE       MARKET

4600 Landis (3)Bed.,(1)Bth. #1D                 $299,000.                 $259,000.              133

3900 Pleasure (2)Bed.,(1)Bth. #206               299,337.                     SAME                39

* 4009 Landis (3)Bed.,(2)Bth. #6                   439,000.                     SAME                28

383 43rd Pl(3)Bed.,(2)Bth. #13                       489,000.                    459,000.              115

220 W. 40th (5)Bed.,(3)Bth. West                   575,000.                    599,000.              195

125 E. 44th (5)Bed.,(3)Bth. East                      649,000.                     SAME                 35

4804 Pleasure (4)Bed.,(3.5)Bth. North            789,900.                    759,900.               23

13 50th (4)Bed.,(3.5)Bth. #A                         1,150,000.                    775,000.               386

* 5716 Pleasure (4)Bed.,(3)Bth. North         1,195,000.                     SAME                 53

* 301 47thPl (5)Bed.,(3.5)Bth. East              1,199,000.                     SAME                 295

(3) NEW CONSTRUCTION

 

CONDO/TOWNHOME – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (18)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                      LIST PRICE     PRICE           PRICE      DATE       onMkt

3701 Landis(3)Bed.,(1.5)Bth. #1B  $324,900.            SAME           $310,000.   4/23/10       109

115 35th(3)Bed.,(2)Bth. #3West         435,000.          399,900.           375,000.   4/9/10          220

217 39th(3)Bed.,(1.5)Bth. West          390,000.            SAME            380,000.   4/29/10        114

8303 Pleasure(4)Bed.,(2)Bth.1stFl     499,999.            SAME            480,000.   4/23/10        112

125 67th(4)Bed.,(2.5)Bth. East            544,500.            SAME            525,450.   4/9/10          77

 

* 333 39th(5)Bed.,(3.5)Bth. East         549,900.            SAME            535,000.   4/19/10        217

* 333 39th(5)Bed.,(3.5)Bth. West        549,900.            SAME            553,000.   4/15/10        213

241 36th(5)Bed.,(3)Bth. West              689,000.           589,000.          575,000.   4/30/10        73

6009 Pleasure(4)Bed.,(2.5)Bth. No.   799,000.            665,900.          597,000.   4/30/10        271

133 44th(5)Bed.,(3)Bth. East               625,000.             SAME            600,000.   4/9/10         172

7004 Central(4)Bed.,(3)Bth. No.        849,900.            649,900.           622,500.   4/16/10       682

122 65th(4)Bed.,(3)Bth. West             649,000.              SAME            625,000.   4/29/10        117

 

137 51st(4)Bed.,(3.5)Bth. West           649,900.             SAME             635,000.   4/30/10        70

137 66th(5)Bed.,(3.5)Bth. West           739,000.            719,000.           695,000.   4/30/10        74

* 7812 Central(5)Bed.,(3.5)Bth. East  749,000.            729,000.           730,000.   4/30/10       269     

118 56th(5)Bed.,(3.5)Bth. West            819,900.            769,000.           750,000.   4/23/10      477

118 70th(5)Bed.,(3)Bth. West               799,000.             SAME             772,000.   4/22/10      104

4404 Pleasure(5)Bed.,(4.5)Bth. So.     839,000.             824,900.           805,000.   4/30/10       98

(3) NEW CONSTRUCTION

                                                          (11,501,899.)      (10,928,699.)   (10,564,950.)           (3,469)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $638,994.        List Price = $607,150.        Price = $586,942.        Market = 193

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 5/29/10) = 320

RESIDENTIAL                                            22

LOTS/LAND                                                 4

COMMERCIAL                                           8

MULTI-FAMILY                                         8

CONDO/TOWNHOUSE                             278