2010 – AUGUST - SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

                                                                    ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                  LIST PRICE          LIST PRICE          MARKET

8913 Landis (3)Bed.,(1)Bth.                       $659,000.                 $599,000.                    287

 

RESIDENTIAL – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (1)

                                                     ORIGINAL     REDUCED     SOLD     CLOSING     DAYS 

ADDRESS                                   LIST PRICE      PRICE         PRICE        DATE        onMkt

8227 Sounds(4)Bed.,(1.5)Bth.      $1,500,000.          SAME        $1,275,000.   8/4/10          105

                                                  (1,500,000.)           (1,500,000.)  (1,275,000.)                 (105)                                                  

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,500,000.     List Price = $1,500,000.     Price = $1,275,000.   Market = 105

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

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

 

LOTS/LAND – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

                                                                      ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                    LIST PRICE          LIST PRICE        MARKET

10 50th Unit #1 – (5)Bed.,(4)Bth.                 $2,599,000.                     SAME                 34

             Unit #2 –(5)Bed.,(3)Bth.

             Unit #3 –(4)Bed.,(2)Bth.

 

MULTI-FAMILY – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (12)

                                                                      ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                   LIST PRICE           LIST PRICE         MARKET

85 85th St.(4)Bed.,(3.5)Bth.   #7                   $799,000.                   SAME                       24

8509 Pleasure (4)Bed.,(2-2)Bth. #8509         825,000.                  695,000.                     100

* 4111 Landis (2)Bed.,(2)Bth. 3rdFl East      349,900.                 294,000.                      121

201 90th (4)Bed.,(2)Bth. Top Floor                725,000.                 650,000.                       189

5400 Landis (3)Bed.,(1.5)Bth. A                    359,000.                   SAME                        184

129 76th (4)Bed.,(3)Bth. 1stFloor                   659,000.                    SAME                        205

 

3609 Landis (4)Bed.,(2)Bth.  North                549,000.                  499,000.                      385

3200 Landis (3)Bed.,(2)Bth. C-2ndFl             429,000.                  359,000.                      484

* 4111 Landis (2)Bed.,(2)Bth. 2ndFlWest      449,900.                  289,000.                      524

* 4111 Landis (2)Bed.,(2)Bth. 2ndFlEast        449,900.                 274,000.                      524

* 7601 Pleasure (4)Bed.,(3-2)Bth., 2ndFl     2,850,000.               1,899,000.                  1,513

* 7601 Pleasure (3)Bed.,(3.5)Bth. 1stFl       2,750,000.                1,699,000.                  1,517

(5)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (9)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE      PRICE        PRICE        DATE       onMkt

221 87th (2)Bed.,(1)Bth. #202          $260,000.           $249,000.      $210,000.     8/20/10       78

3710 Central (3)Bed.,(1.5)Bth.Top    306,900.              SAME          287,000.     8/30/10       55

6406 Central(3)Bed.,(2)Bth. #1          419,000.              SAME          370,000.     8/6/10         94

* 4009 Landis(3)Bed.,(2)Bth. #4        439,000.              SAME          395,000.     8/6/10        262

3309 Landis (4)Bed.,(2)Bth. No.        559,000.             SAME           546,000.     8/21/10       35

4607 Central(4)Bed.,(2.5)Bth. So.      649,000.             SAME           615,000.     8/20/10      143

* 5110 Landis(5)Bed.,(3.5)Bth. So.    699,000.             SAME           680,000.     8/17/10      132

7610 Pleasure(4)Bed.,(2)Bth. No.       766,000.            698,000.         650,000.    8/20/10       135

10 86th (4)Bed.,(2.5)Bth. No.-B        1,099,000.           899,000.          845,500.    8/18/10       320

                                                         (5,196,900.)        (4,917,900.)    (4,598,500.)                (1,254)

Average Original               Average Reduced             Average Sold            Average Days on

List Price = $577,433.        List Price = $546,433.      Price = $510,944.      Market = 139

-         Difference between ORIGINAL List Price and SOLD Price = (12%)

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 9-11-2010) = 318

RESIDENTIAL                                                 25

LOTS/LAND                                                      6

COMMERCIAL                                                10

MULTI-FAMILY                                              10

CONDO/TOWNHOUSE                                 267