2011 – MARCH – STONE HARBOR, NJ:

                               

RESIDENTIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (6)

                                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                             LIST PRICE              LIST PRICE              MARKET

363 93rd St: (4)Bed.,(2)Bth. /duplex               $999,000.               $925,000.                  127

247 85th St: (5)Bed.,(3.5)Bth.                          1,475,000.              1,375,000.                  120

11857 Paradise Dr: (5)Bed.,(3)Bth.                2,195,000.                  SAME                       27

149 106th St: (5)Bed.,(4.5)Bth.                        2,675,000.                  SAME                       54

372 92nd St: (4)Bed.,(3)Bth.                             3,675,000.                  SAME                       104

*1 105th St: (5)Bed.,(3.5)Bth.                           5,900,000.                  SAME                       28

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)

                                                               ORIGINAL          REDUCED          SOLD          CLOSING       DAYS

ADDRESS                                              LIST PRICE          PRICE               PRICE              DATE        onMkt

213 109th St: (3)Bed.,(2)Bth.             $719,000.           $689,000.        $650,000.     3/3/11        210

Average Original               Average Reduced               Average Sold               Average Days on

List price = $719,000.       List Price = $689,000.        Price = $650,000.        Market = 210

-          Difference between ORIGINAL List Price and SOLD Price = (10%)

-          Difference between ORIGINAL List Price and REDUCED Price = (4%)

 

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 3/3/12011 = (0)

 

 

 

 

MULTI-FAMILY – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

                                                                                    ORIGINAL               REDUCED              DAYS ON

ADDRESS                                                                    LIST PRICE             LIST PRICE             MARKET

363 93rd St: (2/2)Bed.,(1/1)Bth.                             $999,000.              $925,000.                     132

 

MULTI-FAMILY – COMPARABLE SALES: 3/1/2011 TO 3/3/12011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

                                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                             LIST PRICE               LIST PRICE             MARKET

8001 Second Ave: (2)Bed.,(2)Bth.  #304        $495,000.                $449,000.                  340

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2011 TO 3/3/12011 = (1)

                                                             ORIGINAL          REDUCED          SOLD          CLOSING      DAYS

ADDRESS                                            LIST PRICE          PRICE               PRICE             DATE        onMkt

10550 Third (4)Bed.,(2)Bth. East    $729,000.           SAME             $685,000.     3/31/11          129

Average Original                  Average Reduced                Average Sold                Average Days on

List Price = $729,000.          List Price = $729,000.         Price = $685,000.         Market = 129

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

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 4-5-2011) = 235

RESIDENTIAL                                                   132

LOTS/LAND                                                      9

COMMERCIAL                                                  9

MULTI-FAMILY                                                18

CONDO/TOWNHOUSE                                  67