2011 – JANUARY – STONE HARBOR,NJ:

RESIDENTIAL – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (4)

                                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                         LIST PRICE          LIST PRICE           MARKET

265 86th St. (3)Bed.,(2)Bth.                                          $998,000.             SAME                     101

10209 First Ave. (5)Bed.,(3)Bth.                                 1,879,000.             SAME                     168

8901 First Ave. (5)Bed.,(2.5) Bth.                               1,995,000.             SAME                     2

245 101st St. (6)Bed.,(3/2)Bth.                                    2,399,000.          2,199,000.               501

 

RESIDENTIAL – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (2)

                                                                ORIGINAL          REDUCED          SOLD          CLOSING        DAYS

ADDRESS                                                LIST PRICE         PRICE                PRICE            DATE            onMkt

308 92md St. (3)Bed.,(1/2)Bth.          $2,000,000.       $1,150,000.      $975,000.     1/10/11        858

11205 Third Ave. (4)Bed.,(3)Bth.          2,895,000.         2,395,000.     2,000,000.     1/31/11        851

                                                               (4,895,000.)         (3,545,000.)    (2,975,000.)                       (1,709)

Average Original                    Average Reduced                    Average Sold                    Average Days on

List Price = $2,447,500.        List Price = $1,772,500.          Price = $1,487,500.          Market = 854

-          Difference between ORIGINAL List Price and SOLD Price = (39%)

-          Difference between ORIGINAL List Price and REDUCED Price = (28%)

 

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

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

 

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

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

 

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

MULTI-FAMILY – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (4)

                                                                                      ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                     LIST PRICE           LIST PRICE           MARKET

9511 Sunset Dr. (1)Bed.,(1)Bth. #403                    $309,000.             $259,000.               292

10550 Third Ave. (4)Bed.,(2)Bth. #1East                  729,000.                SAME                   47

302 83rd St. (3)Bed.,(2)Bth. #1                                    849,000.              795,000.                679

219 117th St. (4)Bed.,(2)Bth.  Front                            849,000.              799,000.                338

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 2/4/2011) = 207

RESIDENTIAL                                                    107

LOTS/LAND                                                       7

COMMERCIAL                                                   10

MULTI-FAMILY                                                  19

CONDO/TOWNHOUSE                                    64