MAY – 2008 – SEA ISLE CITY, NJ:
RESIDENTIAL – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST PRICE MARKET
4801 Central(3)Bed.,(1)Bth.50x110 $750,000.
SAME 92
RESIDENTIAL –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (4)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
5101 Central(3)Bed.,(1)Bth.50x110 $799,000. SAME
$650,000. 5/15/08 94
126 59th(4)Bed.,(2)Bth.50x110 965,000. SAME
920,000. 5/17/08 126
* 232 85th(4)Bed.,(3.5)Bth.40x100 1,250,000. 1,089,000.
990,000. 5/15/08 435
317 47thPl(3)Bed.,(2)Bth.50x95 1,300,000.
SAME 1,175,000. 5/15/08 177
(*) NEW CONSTRUCTION
= 1
(4,314,000.)
(4,153,000.) (3,735,000.) (832)
Average Original Average Reduced Average SOLD Average Days on
List Price =
$1,078,500. List Price =
$1,038,250. Price = $933,750. Market = 208
Difference between
ORIGINAL List Price and SOLD Price = (14%)
Difference between
ORIGINAL List Price and REDUCED List Price = (4%)
LOTS / LAND – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (0)
LOTS / LAND –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)
COMMERCIAL – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (0)
COMMERCIAL –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (11)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
3918 Landis(1)Bed.,(1)Bth. #111 $159,000. $129,000.
119
124 89th(2)Bed.,(1)Bth. 1stFl 409,000. SAME 8
6301 Central(4)Bed.,(2.5)Bth. North 599,000. SAME 27
134 34th(4)Bed.,(2)Bth. East 610,000. SAME
17
130 67th(5)Bed.,(3)Bth. East
659,900.
644,900. 56
* 5501 Central(5)Bed.,(4)Bth. West 779,000. SAME 7
* 5501 Central(5)Bed.,(4)Bth. East 759,000. 779,000. 189
133 34th(4)Bed.,(3)Bth. East
799,000. SAME 29
* 6618 Central(5)Bed.,(3.5)Bth. East 875,000. 829,000. 309
29 29th (5)Bed.,(3.5)Bth. South 1,229,000. 995,000. 250
8 65th (5)Bed.,(4)Bth. West 1,249,900. 1,190,000. 181
(*) NEW CONSTRUCTION
= 3
CONDO/TOWNHOUSE –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (20)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
3918 Landis(1)Bed.,(1)Bth.#110 $159,000.
SAME $135,000. 5/3/08 110
4600 Landis(1)Bed.,(1)Bth.#1-C 189,000.
SAME 155,000. 5/29/08 230
348 38th(3)Bed.,(1.5)Bth. South 399,900. SAME
355,000. 5/12/08 102
111 37th(3)Bed.,(2)Bth. #3W 449,000. 419,900. 415,000. 5/30/08 250
228 37th(3)Bed.,(2.5)Bth. West 499,999. SAME
455,000. 5/30/08 70
5214 Landis(3)Bed.,(1)Bth. A-1stFl 524,900.
499,000. 480,000. 5/20/08 106
3500 Boardwalk(2)Bed.,(2)Bth.#323-N 579,000. SAME 550,000.
5/23/08 80
134 81st(4)Bed.,(3)Bth. East 620,000. SAME 585,000.
5/16/08 97
225 48th(4)Bed.,(2)Bth. West 629,900. 609,900. 592,500. 5/30/08 226
114 52nd(4)Bed.,(2)Bth. West 629,000. SAME 600,000.
5/16/08 67
* 5612 Central(5)Bed.,(3.5)Bth.West 725,000. SAME
695,000. 5/19/08 136
* 226 46th(5)Bed.,(4.5)Bth. South 749,000. SAME
725,000. 5/23/08 351
* 119 49th(4)Bed.,(3.5)Bth. East 829,000. 799,999.
730,000. 5/16/08 382
138 77th(5)Bed.,(3.5)Bth. East 779,000. 759,000.
740,000. 5/1/08 285
85 85th(4)Bed.,(3.5)Bth. #3 775,000. SAME 750,000.
5/14/08 47
* 6601 Central(5)Bed.,(3.5)Bth. East 859,000. 765,000.
750,000. 5/30/08 644
* 5501 Central(5)Bed.,(4)Bth. East 759,000.
SAME 753,000. 5/30/08 198
* 118 70th(5)Bed.,(3)Bth. West 818,000. 819,000. 795,000. 5/16/08 136
137 73rd(4)Bed.,(3.5)Bth. West 825,000. SAME 801,000.
5/15/08 217
17 74th(5)Bed.,(3)Bth. East 1,225,000. 999,000. 945,000. 5/2/08 482
(*) NEW CONSTRUCTION
= 6
(13,022,699.) (12,579,698.) (12,006,500.)
(4,216)
Average Original Average Reduced Average SOLD Average Days on
List Price =
$651,135. List Price =
$628,985. Price = $600,325. Market = 211
Difference between
ORIGINAL List Price and SOLD Price = (8%)
Difference between
ORIGINAL List Price and REDUCED List Price = (4%)
TOTAL SEA ISLE
CITY ACTIVE SALE INVENTORY (AS OF 5/31/08) = 285:
RESIDENTIAL 23
LOTS / LAND
6
COMMERCIAL
5
MULTI-FAMILY 9
CONDO /
TOWNHOUSE 242