2011- MARCH – SEA ISLE CITY, NJ:
RESIDENTIAL – UNDER
CONTRACT: 3/1/2011 TO 3/31/2011 = (0)
RESIDENTIAL –
COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)
LOTS/LAND – UNDER
CONTRACT: 3/1/2011 TO 3/31/2011 = (0)
LOTS/LAND –
COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)
COMMERCIAL – UNDER
CONTRACT: 3/1/2011 TO 3/31/2011 = (0)
COMMERCIAL –
COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 3/1/2011 TO 3/31/2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
108 84th St: (2/2)Bed.,(1/1)Bth. 40’x100’ $550,000. $525,000. 100
MULTI-FAMILY –
COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
244 38th St. (4/2)Bed.,(2/1)Bth. $599,000. $529,000. $475,000. 3/25/11 249
Average Original Average Reduced Average Sold Average Days on
List Price =
$599,000. List Price =
$529,000. Price = $475,000. Market = 249
-
Difference between
ORIGINAL List Price and SOLD Price = (21%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (12%)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (11)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
3700 Boardwalk (2)Bed.,(2)Bth. #807-S $451,000. SAME 47
138 50th (4)Bed.,(2)Bth. East 549,900. 535,900. 232
19 W. 66th (5)Bed.,(2/2)Bth. West 729,000. 549,000. 553
*244 W. 38th (6)Bed.,(4.5)Bth. West 589,000. SAME 1
112 52nd (5)Bed.,(3.5)Bth. East 773,900. 715,000. 158
25 75th (5)Bed.,(3)Bth. East 895,000. 725,000. 596
25 81st (5)Bed.,(2.5)Bth. East 795,000. 735,000. 30
341 47th (4)Bed.,(4)Bth. #A 749,000. SAME 100
14 76th (4)Bed.,(3)Bth. East 749,000. SAME 72
13 65th (5)Bed.,(3.5)Bth. East 999,000. 869,000. 317
*116 87th (5)Bed.,(4.5)Bth. East 975,000. SAME 72
(2)NEW CONSTRUCTION
CONDO/TOWNHOUSE –
COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (16)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
3918 Landis(1)Bed.,(1)Bth. #104 $179,000. SAME $171,000. 3/25/11 39
114 38th (2)Bed.,(1)Bth. #3 275,000. SAME 250,000. 3/11/11 49
4100 Boardwlk(2)Bed.,(1)Bth. #3B 475,000. 399,000. 360,000. 3/23/11 172
230 78th (4)Bed.,(2)Bth. 1stFl 535,000. 509,900. 475,000. 3/5/11 141
324 43rdPl(3)Bed.,(2)Bth. 1stFl 950,000. 600,000. 475,000. 3/29/11 781
141 80th (4)Bed.,(3)Bth. West 559,000. SAME 530,000. 3/18/11 105
*347 40th (5)Bed.,(3.5)Bth. South 589,000. SAME 555,000. 3/30/11 345
7701 Landis(4)Bed.,(2.5)Bth. East 669,000. 599,000. 568,000. 3/31/11 133
110 74th (4)Bed.,(3)Bth. East 599,000. SAME 595,000. 3/31/11 68
3605 Landis(5)Bed.,(3)Bth. South 650,000. SAME 625,000. 3/11/11 172
3204 Landis(4)Bed.,(3.5)Bth. North 699,000. 679,000. 652,000. 3/15/11 139
*105 74th(5)Bed.,(4.5)Bth. West 769,900. 749,900. 725,000. 3/18/11 245
37 77th (4)Bed.,(3)Bth. 1st Fl 869,000. 799,500. 740,000. 3/25/11 346
*129 58th (5)Bed.,(3.5)Bth. West 779,000. SAME 750,000. 3/25/11 227
*37 81st (6)Bed.,(4.5)Bth. West 979,000. 947,900. 900,000. 3/26/11 193
*3200 Boardwlk(5)Bed.,(3.5)Bth. No. 1,950,000. 1,795,000. 1,450,000. 3/4/11 732
(5)NEW CONSTRUCTION
(11,525,900.) (10,709,200.) (9,821,000.) (3,887)
Average Original Average Reduced Average Sold Average Days on
List Price =
$720,369. List Price =
$669,325. Price = $613,812. Market = 243
-
Difference between
ORIGINAL List Price and SOLD Price = (15%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (7%)
TOTAL SEA ISLE
CITY, NJ SALE INVENTORY (AS OF 4/15/11) = 363
RESIDENTIAL 21
LOTS/LAND 9
COMMERCIAL 8
MULTI-FAMILY 10
CONDO/TOWNHOUSE 315