2009 – NOVEMBER – SEA ISLE CITY,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (1)

                                                                   ORIGINAL            REDUCED         DAYS ON

ADDRESS                                                LIST PRICE           PRICE                MARKET

26 48th (4)Bed.,(3.5)Bth. 32x 110             $1,250,000.               $799,000.            808

 

RESIDENTIAL – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (1)

                                                     ORIGINAL     REDUCED     SOLD     CLOSING   DOM

ADDRESS                                    LIST PRICE     PRICE         PRICE       DATE

18 81ST (5)Bed.,(3.5)Bth. 55x100  $2,600,000.        SAME         $2,300,000.  11/13/09    196

 

LOTS/LAND – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (12)

                                                                        ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                     LIST PRICE           PRICE                 MARKET

230 78TH(4)Bed.,(2)Bth. 2ndFl                       $563,000.                 $550,000.              95

220 40th (5)Bed.,(3)Bth. West                          575,000.                    SAME                 2

3703 Cini (4)Bed.,(2)Bth. South                      575,000.                    SAME                 43

*122 87th(4)Bed.,(3.5)Bth. West                      577,000.                    SAME                 30

122 87th(4)Bed.,(3.5)Bth. East                         939,000.                   579,000.                26

215 47th(5)Bed.,(3)Bth. East                            599,000.                     SAME                 4

138 55th(4)Bed.,(2)Bth. East                            609,000.                     SAME                 49

115 80th(4)Bed.,(2.5)Bth. East                         649,000.                    624,000.                66

107 77th(4)Bed.,(2.5)Bth. East                         665,000.                    638,000.                97

234 77th(5)Bed.,(3)Bth. West                           639,000.                     SAME                  2

7213 Central(4)Bed.,(2.5)Bth. West                660,000.                     SAME                  38

5200 Landis(5)Bed.,(3.5)Bth. South                739,000.                     SAME                  82

(1) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (13)

                                                               ORIGINAL     REDUCED     SOLD     CLOSING 

 ADDRESS                                            LIST PRICE   PRICE            PRICE      DATE  DOM

3900 Pleasure(2)Bed.,(1)Bth. #307        $345,000.         $335,000.        $325,000.   11/6/09    293

*8605 Landis(4)Bed.,(2.5)Bth. West/B    459,000.          499,000.           400,000.   11/24/09  249

*8605 Landis(4)Bed.,(2.5)Bth. East/A     459,000.          499,000.           480,000.   11/25/09  250

*8605 Landis(4)Bed.,(2.5)Bth. East/B     459,000.          499,000.           499,000.   11/25/09  250

5609 Roberts(4)Bed.,(3)Bth. South          615,000.          599,500.           585,000.   11/30/09  224

142 43rd(5)Bed.,(3)Bth. East                     649,000.          619,000.           590,000.   11/12/09  314

238 79th(4)Bed.,(3.5)Bth. East                  650,000.           SAME             615,000.   11/12/09  123

*5704 Central(4)Bed.,(3.5)Bth. North      749,900.          699,900.           675,000.   11/10/09  427

*5101 Central(5)Bed.,(4)Bth. South         739,000.          699,000.           675,000.   11/17/09  439

*26 49th(5)Bed.,(3)Bth. West                    879,900.           SAME             850,000.   11/17/09  183

34 74th(4)Bed.,(3/2)Bth. East                    999,000.           SAME              867,500.  11/30/09   65

*26 49th(5)Bed.,(3)Bth. East                     879,900.           SAME             872,000.   11/17/09   183

*9 75th(4)Bed.,(4.5)Bth. West                1,199,000.        1,099,000.        1,065,000.  11/2/09    433

(8) NEW CONSTRUCTION

                                                           (9,082,700.)         (8,957,200.)     (8,498,500.)            (3,433)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $698,669.       List Price = $689,015.         Price = $653,731.      Market = 264

-         Difference between ORIGINAL List Price and SOLD Price = (7%)

-         Difference between ORIGINAL List Price and REDUCED Price = (1%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 12/5/09) = 285

RESIDENTIAL                                                         19

LOTS/LAND                                                              6

COMMERCIAL                                                        2

MULTI-FAMILY                                                      12

CONDO/TOWNHOUSE                                           246