2010 – MAY – SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: MAY 1, 2010 TO MAY 31, 2010 = (2)

                                                                      ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                    LIST PRICE        LIST PRICE        MARKET

13 71st St.(3)Bed.,(2)Bth. 58’x110’               $1,275,000.           $1,200,000.               96

8223 Sounds(5)Bed.,(3)Bth. 80’x110’            1,595,000.               SAME                    86

 

RESIDENTIAL – COMPARABLE SALES: MAY 1, 2010 TO MAY 31, 2010 = (0)

 

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

LOTS/LAND – COMPARABEL SALES: MAY 1, 2010 TO MAY 31, 2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: MAY 1, 2010 TO MAY 31, 2010 = (0)

COMMERCIAL – COMPARABLE SALES: MAY 1, 2010 TO MAY 31, 2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: MAY 1, 2010 TO MAY 31, 2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: MAY 1, 2010 TO MAY 31, 2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: MAY 1, 2010 TO MAY 31, 2010 = (6)

                                                                           ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                         LIST PRICE          LIST PRICE       MARKET

300 Landis (2)Bed.,(2)Bth. #7-2ndFl                 $389,900.                $369,900.                   120

* 8605 Landis(4)Bed.,(2.5)Bth. West “A”           499,000.                  SAME                       46

236 37th(5)Bed.,(3)Bth. East                                 599,000.                  SAME                       82

337 43rd(4)Bed.,(3.5)Bth. East                              799,900.                  SAME                       159

367 43rd(4)Bed.,(3)Bth. East                                 849,000.                  SAME                       134

* 301 47th(5)Bed.,(3.5)Bth. West                       1,099,000.              1,049,000.                     330

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE  SALES: 5/1/2010 TO 5/31/2010 = (21)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE     PRICE         PRICE       DATE        onMkt

210 85th(2)Bed.,(1)Bth. “A”            $286,900.            SAME         $250,000.    5/28/10        132

322 39th(3)Bed.,(1.5)Bth. West         405,000.           380,977.         335,000.    5/21/10         80

113 37th(3)Bed.,(2)Bth. #1A              399,000.           389,000.         360,000.    5/28/10        252

9 44th(2)Bed.,(2)Bth. #108                 389,900.            SAME           374,500.    5/17/10        59

101 39th(3)Bed.,(2)Bth. #3                 435,000.            SAME           410,000.    5/20/10        111

383 43rd(3)Bed.,(2)Bth. #13               489,000.            459,000.        435,000.    5/21/10         153

 

141 71st(4)Bed.,(2)Bth. West”B”       531,900.            505,800.        481,000.    5/28/10         128

30 33rd(4)Bed.,(2)Bth. West               590,000.            550,000.        525,000.    5/21/10         223

220 43rd(4)Bed.,(3)Bth. East              595,000.            569,900.        540,000.    5/14/10         620

22 67th(4)Bed.,(2)Bth. 1stFl               620,000.             SAME          573,000.    5/21/10         277

6009 Pleasure(4)Bed.,(2.5)Bth. So.   799,000.            665,900.        615,000.    5/21/10          292

25 36th(4)Bed.,(3.5)Bth. East             729,000.            665,000.        617,000.    5/17/10          613

 

125 44th(5)Bed.,(3)Bth. East              649,000.              SAME         625,000.    5/28/10          80

115 86th(4)Bed.,(2)Bth. #115             699,000.            669,000.        630,000.    5/26/10          226

109 48th(5)Bed.,(3)Bth. East              669,000.             649,900.       635,000.     5/14/10         126

35 53rd(4)Bed.,(3)Bth. East                759,900.             749,000.       705,000.     5/28/10         108

* 237 77th(5)Bed.,(3.5)Bth. West       749,000.              SAME         725,000.     5/20/10          90

133 46th(4)Bed.,(3.5)Bth. West          775,000.              SAME         735,000.     5/28/10          101

* 109 59th(4)Bed.,(3.5)Bth.                849,000.              SAME          810,000.     5/26/10           81

* 3204 Boardwlk(5)Bed.,(4.5)Bth.No.  1,695,000.        SAME      1,500,000.     5/3/10             33

5724 Sounds(4)Bed.,(3.5)Bth. So.         1,699,900.        SAME      1,560,000.     5/14/10           95

(3)NEW CONSTRUCTION

                                                         (14,814,500.)  (14,402,177.)   (13,440,500.)              (3,880)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $705,452.        List Price = $685,818.        Price = $640,024.      Market = 185

-         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 6-18-10) = 381

RESIDENTIAL                                                     19

LOTS/LAND                                                          5

COMMERCIAL                                                    8

MULTI-FAMILY                                                  12

CONDO/TOWNHOUSE                                      274