2010 – MARCH – SEA ISLE CITY, NJ:

RESIDENTIAL – UNDER CONTRACT: 3/1/2010 TO 3/31/2010 = (1)

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE         MARKET

5 80th (4)Bed.,(2.5)Bth. 60’x88’                      $2,900,000.              $2,900,000.                76

RESIDENTIAL – COMPARABLE SALES: 3/1/2010 TO 3/31/2010 = (1)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE     PRICE         PRICE        DATE       onMkt

119 88th(5)Bed.,(2.5)Bth. 40’x100’ $749,900.          $749,900.      $650,000.    3/26/10          77

-         Difference between ORIGINAL List Price and SOLD Price = (13%)

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

 

LOTS/LAND – UNDER CONTRACT: 3/1/2010 TO 3/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 3/1/2010 TO 3/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 3/1/2010 TO 3/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2010 TO 3/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRCAT: 3/1/2010 TO 3/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 3/1/2010 TO 3/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2010 TO 3/31/2010 = (14)

                                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                     LIST PRICE          LIST PRICE          MARKET

3701 Landis(3)Bed.,(1.5)Bth. #1B                 $324,900.                 $324,900.                     61

* 4111 Landis(2)Bed.,(2)Bth. 3rdFl.East         474,900.                   354,900.                     360

217 39th(3)Bed.,(1.5)Bth. West                        390,000.                   390,000.                     58

222 37th (4)Bed.,(2.5)Bth. 1stFl                       459,000.                   399,000.                     176

115 35th (3)Bed.,(2)Bth. #3 West                     435,000.                   399,900.                     183

125 67th (4)Bed.,(2.5)Bth. East                        544,500.                   544,500.                      22

30 33rd (4)Bed.,(2)Bth. West                            590,000.                   550,000.                     163

241 36th (5)Bed.,(3)Bth. West                          689,000.                   589,000.                      13

133 44th (5)Bed.,(3)Bth. East                            625,000.                   625,000.                      8

122 65th (4)Bed.,(3)Bth. West                          649,000.                    649,000.                      65

137 51st (4)Bed.,(3.5)Bth. West                        649,900.                    649,900.                      23

137 66th (5)Bed.,(3.5)Bth. West                       739,000.                    719,000.                       37

118 56th (5)Bed.,(3.5)Bth. West                       819,000.                    769,000.                       434

5724 Sounds (4)Bed.,(3.5)Bth. South            1,699,900.                 1,699,900.                       50

(1) NEW CONSTRUCTION

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2010  TO 3/31/2010 = (15)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                      LIST PRICE     PRICE           PRICE       DATE      onMkt

4114 Central(3)Bed.,(2)Bth. #104   $359,900.          $359,900.        $315,000.    3/17/10      128

383 43rdPl(3)Bed.,(2)Bth. #6            489,000.            489,000.          435,000.    3/18/10       71

122 49th (3)Bed.,(1.5)Bth. East          533,000.            499,000.          462,500.    3/19/10       170

25 78TH (3)Bed.,(2)Bth. East              619,000.           550,000.          530,000.    3/19/10        368

364 47thPl (3)Bed.,(1.5)Bth. East      595,000.           595,000.          550,000.    3/25/10        265

4406 Venicean(3)Bed.,(2)Bth. 2ndFl   575,000.         575,000.          555,000.    3/12/10        122

* 114 W. Jersey (4)Bed.,(2.5)Bth. East  599,000.       599,000.          575,000.    3/29/10        242

* 114 W. Jersey (5)Bed.,(3.5)Bth. West 599,000.       599,000.          575,000.    3/31/10        71

137 48th (4)Bed.,(3)Bth. East              649,000.           649,000.          600,000.    3/12/10        413

3500 Boardwlk(3)Bed.,(2)Bth. #715N    675,000.      619,000.          600,000.    3/27/10        235

221 77th(4)Bed.,(2)Bth. East               630,000.           630,000.          610,000.    3/30/10        61

4433 Venicean(3)Bed.,(3.5)Bth. No.  699,000.           699,000.          680,000.    3/15/10        74

132 84th(5)Bed.,(4)Bth. East               725,000.           725,000.          690,000.    3/19/10        191

* 32 47th (5)Bed.,(3)Bth. West            829,000.           829,000.          775,000.    3/8/10          349

12 83rd (4)Bed.,(3)Bth. So.               1,599,000.        1,475,000.       1,362,500.    3/26/10        140

(3) NEW CONSTRUCTION

                                                      (10,174,900.)     (9,891,900.)     (9,315,000.)                   (2,900)

Average Original                Average Reduced                Average Sold            Average days on

List Price = $678,327.         List Price = $659,460.         Price = $621,000.      Market = 193

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 4/5/2010) = 324

RESIDENTIAL                                                        24

LOTS/LAND                                                             4

COMMERCIAL                                                       9

MULTI-FAMILY                                                     10

CONDO/TOWNHOUSE                                         277