2011 – MAY – SEA ISLE CITY, NJ:

 

RESIDENTIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

RESIDENTIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

LOTS/LAND: UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

LOTS/LAND – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

COMMERCIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

MULTI-FAMILY – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

                                                                      ORIGINAL        REDUCED        SOLD        CLOSING     DAYS

ADDRESS                                                     LIST PRICE        PRICE              PRICE           DATE       onMkt

108 84th (2/2)Bed.,(1/1)Bth. 40x100      $550,000.         $525,000.      $500,000.     5/6/11     160

-          Difference between OIGINAL List Price and SOLD Price = (9%)

-          Difference between ORIGINAL List Price and REDUCED Price = (5%)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (12)

                                                                                ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                LIST PRICE              LIST PRICE             MARKET

3508 Central (3)Bed.,(1.5)Bth. 2ndFl                $429,000.               $379,000.                    85

3700 Boardwalk So (2)Bed.,(2)Bth. #602-S        455,000.                 399,000.                     428

3814 Landis (4)Bed.,(3)Bth. Unit 1                      474,900.                  459,000.                     148

9114 Landis (4)Bed.,(2)Bth. West                        559,900.                  549,900.                     182

*244 38th (6)Bed.,(4.5)Bth. East                           589,000.                    SAME                         52

214 81st (4)Bed.,(3)Bth. East                                 599,000.                  595,000.                     220

*132 West Jersey (5)Bed.,(3/2)Bth. East            599,000.                  575,000.                     261

*132 West Jersey (6)Bed.,(4.5)Bth. West           599,000.                  575,000.                     285

50 79th (4)Bed.,(2.5)Bth. South                             675,000.                  650,000.                     197

118 54th (4)Bed.,(3.5)Bth. West                            699,000.                  655,000.                     249

85 85th (4)Bed.,(3.5)Bth. #5                                   799,999.                     SAME                        237

11 48th (4)Bed.,(3.5)Bth. South                          1,399,000.                1,250,000.                    351

(3)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (18)

                                                                 ORIGINAL          REDUCED          SOLD          CLOSING     DAYS

ADDRESS                                                LIST PRICE         PRICE                PRICE              DATE      onMkt

132 39th (2)Bed.,(1)Bth. 2ndFl.W       $274,900.            SAME             $230,000.     5/6/11          39

6318 Central (3)Bed.,(2)Bth. 3-No.       375,000.           SAME               355,000.     5/20/11        53

 

3700 Boardwlk (2)Bed.,(2)Bth. #807-S 451,000.           SAME               415,000.     5/25/11        107

512 Roberts (4)Bed.,(2)Bth. East           544,900.          498,000.           480,000.     5/13/11        211

19 66th (5)Bed.,(2/2)Bth. West               729,000.          549,000.           540,000.     5/13/11        602

121 71st (4)Bed.,(2.5)Bth. East                598,500.          593,500.           575,000.     5/19/11        177

229 55th (4)Bed., (2.5)Bth. West             649,900.            SAME              620,000.     5/19/11         92

4415 Venicean (3)Bed.,(2.5)Bth. So.      650,000.             SAME             625,000.     5/13/11         73

*313 57th (4)Bed.,(3.5)Bth. East              699,000.             SAME             667,500.     5/12/11         84

*102 70th (5)Bed.,(4/2)Bth. East              725,000.             SAME            702,500.     5/6/11          224

25 75th (5)Bed.,(3)Bth. East                       895,000.          725,000.          710,000.     5/20/11       661

133 51st (4)Bed.,(3.5)Bth. East                  749,999.             SAME            740,000.     5/20/11       61

13 65th (5)Bed.,(3.5)Bth. East                    999,000.           869,000.         835,000.     5/16/11      368

*25 62nd (60Bed.,(4.5)Bth. West              929,000.            919,000.         850,000.     5/15/11      237

*25 62nd (6)Bed.,(4.5)Bth. East                 929,000.            919,000.         850,000.     5/15/11      237

*33 77th (4)Bed.,(3/2)Bth. West            1,099,000.            999,000.         870,000.     5/6/11        91

*116 87th (5)Bed.,(4.5)Bth. West              945,000.            939,000.         900,000.     5/20/11      143

2201 Landis (5)Bed.,(3.5)Bth. South     1,529,000.         1,099,000.         950,000.     5/26/11     366

 (6)NEW CONSTRUCTION

                                                               (13,772,199.)      (12,684,299.)      (11,915,000.)            (3,826)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $765,122.       List Price = $704,683.         Price = $661,944.        Market =  212

-          Difference between ORIGINAL List Price and SOLD Price = (14%)

-          Difference between ORIGINAL List Price and REDUCED Price = (8%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 6-17-2011) = 327

RESIDENTIAL                                             20

LOTS/LAND                                                8

COMMERCIAL                                            20

MULTI-FAMILY                                           11

CONDO/TOWNHOUSE                             268