2011 – FEBRUARY – SEA ISLE CITY, NJ:
RESIDENTIAL – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
21 46th (5)Bed.,(4/2)Bth. $1,829,000. $1,650,000. 147
RESIDENTIAL –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
37 85th (5)Bed.,(3.5)Bth. 40’x107 $1,259,000. $1,050,000. $927,000. 2/10/11 762
Average Original Average Reduced Average Sold Average Days on
List Price =
$1,259,000. List price =
$1,050,000. Price = $927,000. Market = 762
-
Difference between ORIGINAL List Price and SOLD Price
= (26%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (17%)
LOTS/LAND – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (0)
LOTS/LAND –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)
COMMERCIAL – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (0)
COMMERCIAL –
COMPARABLE SALE: 2/1/11 TO 2/28/11 = (1)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE
DATE onMkt
4117 Landis 30’x110’ $659,017. $550,017. $400,000. 2/8/11 736
-
Plans Approved for
Commercial-1st fl. / Residential-2nd fl. Two Units
Average Original Average Reduced Average Sold Average Days on
List Price =
$659,017. List Price =
$550,017. Price =
$400,000. Market = 736
-
Difference between
ORIGINAL List Price and SOLD Price = (39%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (17%)
MULTI-FAMILY – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 2/1/11 TO 2/28/11 = (19)
ORIGINAL
REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
114 38th (2)Bed.,(1)Bth. #3 $275,000. SAME 6
4114 Central(2)Bed.,(1)Bth. #217 294,999. SAME 45
4100 Boardwlk(2)Bed.,(1)Bth. SeaShell4D 399,900. 379,000. 99
4100 Boardwlk(2)Bed.,(1)Bth. SeaShell3B 475,000. 399,000. 142
*4009 Landis(3)Bed.,(2)Bth. #6 429,000. SAME 58
3700 Boardwlk(2)Bed.,(2)Bth. #806 440,000. SAME 12
141 80th(4)Bed.,(3)Bth. West 559,000. SAME 64
110 74th(4)Bed.,(3)Bth. East 599,000. SAME 9
7701 Landis(4)Bed.,(2.5)Bth. East 669,000. 599,000. 75
138 42nd(4)Bed.,(3.5)Bth. East 599,000. SAME 2
*132 W.JerseyAve(6)Bed.,(4.5)Bth. West 599,000. SAME 170
324 43rdPl(3)Bed.,(2)Bth. 1stFl 950,000. 600,000. 749
15 73rd (4)Bed.,(2.5)Bth. West 625,000. SAME 45
5412 Central(4)Bed.,(2.5)Bth. East 649,900. 630,000. 139
*105 74th (5)Bed.,(4.5)Bth. West 769,900. 749,900. 206
4010 Pleasure(4)Bed.,(4)Bth. #1 995,000. 849,000. 555
*37 81st (6)Bed.,(4.5)Bth. West 979,000. 947,900. 160
*4612 Park(50Bed.,(4.5)Bth. South 1,325,000. SAME 55
*3200Boardwlk(5)Bed.,(3.5)Bth. North 1,950,000. 1,795,000. 652
(6)NEW CONSTRUCTION
CONDO/TOWNHOUSE –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (12)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE
DATE onMkt
5804 Landis(2)Bed.,(1)Bth. 2ndFl $225,000. SAME $220,000. 2/25/11 73
113 65th (3)Bed.,(2)Bth. #204 419,000. 409,500. 398,000. 2/25/11 146
*4601 Landis(3)Bed.,(2)Bth. #C 440,000. SAME 420,000. 2/15/11 133
227 80th (4)Bed.,(2)Bth. West 495,000. SAME 468,000. 2/28/11 148
26 73rd (4)Bed.,(2.5)Bth. East 635,000. 599,000. 580,000. 2/18/11 47
7002 Landis (5)Bed.,(4/2)Bth. West 725,000. SAME 710,000. 2/18/11 147
122 75th (4)Bed.,(3/2)Bth. West 749,900. SAME $722,500. 2/16/11 62
201 67th (5)Bed.,(3.5)Bth. West 799,000. SAME 775,000. 2/25/11 143
17 75th (4)Bed.,(3.5)Bth. West 999,000. SAME 932,500. 2/28/11 62
*37 81st (5)Bed.,(40Bth. East 989,000. 979,500. 960,000. 2/18/11 259
9 85th (4)Bed.,(3)Bth. North 1,269,900. SAME 1,185,000. 2/11/11 126
*2401 Landis(4)Bed.,(4.5)Bth. South 2,100,000. 1,950,000. 1,775,000. 2/28/11 368
(3)NEW CONSTRUCTION
(9,845,800.)
(9,640,800.) (9,146,000.) (1,714)
Average Original Average Reduced Average Sold
Average Days on
List price =
$820,483. List Price =
$803,400. Price = $762,167. Market = 143
-
Difference between
ORIGINAL List Price and SOLD Price = (7%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (2%)
TOTAL SEA ISLE
CITY SALE INVENTORY (AS OF 3/6/11) = 352
RESIDENTIAL
19
LOTS/LAND
9
COMMERCIAL
7
MULTI-FAMILY 10
CONDO/TOWNHOUSE 307