2011 – FEBRUARY – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (1)

                                                                                       ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                      LIST PRICE            LIST PRICE           MARKET

115 106th (5)Bed.,(4)Bth.                                           $2,195,000.         $1,995,000.          238

 

RESIDENTIAL – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (3)

                                                           ORIGINAL           REDUCED           SOLD           CLOSING        DAYS

ADDRESS                                          LIST PRICE           PRICE                 PRICE             DATE          onMkt

265 86th (3)Bed.,(2)Bth.                 $998,000.            SAME              $850,000.       2/4/11          125

10209 First (5)Bed.,(3)Bth.           1,879,000.            SAME             1,500,000.       2/11/11        186

8522 Sunset (4)Bed.,(3)Bth.         2,175,000.         1,875,000.        1,775,000.      2/4/11           347

                                                         (5,052,000.)        (4,752,000.)    (4,125,000.)                         (658)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,684,000.     List Price = $1,584,000.     Price = $1,375,000.     Market = 219

-          Difference between ORIGINAL List Price and SOLD Price = (18%)

-          Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

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 SALES: 2/1/11 TO 2/28/11 = (0)

 

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 = (1)

                                                                                     ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                    LIST PRICE               LIST PRICE              MARKET

8811 Third Ave. (3)Bed.,(1)Bth. #4                         $564,000.               $374,000.              1,350

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (3)

                                                             ORIGINAL           REDUCED         SOLD             CLOSING      DAYS

ADDRESS                                            LIST PRICE           PRICE              PRICE              DATE          onMkt

9511 Sunset(1)Bed.,(1)Bth. #403   $309,000.            $259,000.       $245,000.      2/28/11        354

219 117th (4)Bed.,(2)Bth. Front         849,000.              799,000.          725,000.     2/14/11         357

302 83rd (3)Bed.,(2)Bth. #1                849,000.              795,000.          740,000.      2/23/11         722

                                                        (2,007,000.)          (1,853,000.)     (1,710,000.)                      (1,433)

 

 

 

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $669,000.       List Price = $617,667.         Price = $570,000.        Market = 478

-          Difference between ORIGINAL List Price and SOLD Price = (15%)

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 3/6/11) = 229

RESIDENTIAL                                                         125

LOTS/LAND                                                              9

COMMERCIAL                                                         12

MULTI-FAMILY                                                        18

CONDO/TOWNHOUSE                                           65