2011 – MAY – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (2)

                                                                                       ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                      LIST PRICE               LIST PRICE             MARKET

222 104th (5)Bed.,(2)Bth.                                          $1,599,000.              $1,299,000.             249

141 88th (3)Bed.,(1.5)Bth.                                           1,349,000.                     SAME                 11

 

RESIDENTIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (4)

                                                        ORIGINAL          REDUCED          SOLD          CLOSING         DAYS ADDRESS                                        LIST PRICE         PRICE                PRICE             DATE           onMkt

10609 First (4)Bed.,93)Bth.       $1,595,000.         SAME             $1,540,000.    5/27/11        63

149 106th (5)Bed.,(4.5)Bth.          2,679,000.         SAME               2,500,000.    5/20/11        124

5 101st (4)Bed.,(5.5)Bth.               3,295,000.      2,975,000.          2,775,000.    5/13/11        617

10207 Sunrise (40Bed.,(3.5)Bth. 3,350,000.         SAME               3,050,000.    5/21/11         64

                                                      (10,919,000.)  (10,599,000.)      (9,865,000.)                         (868)

 

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $2,729,750.    List Price = $2,649,750.     Price = $2,466,250.    Market = 217

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

-         Difference between ORIGINAL List Price and REDUCED Price = (3%)

 

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 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

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

                                                                    ORIGINAL        REDUCED        SOLD        CLOSING      DAYS

ADDRESS                                                   LIST PRICE        PRICE             PRICE            DATE        onMkt

331 87th (4)Bed.,(2.5)Bth. REAR           $799,000.         $749,000.      $724,000.    5/27/11        257

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF JUNE 17,2011) = 248

RESIDENTIAL                                             137

LOTS/LAND                                                12

COMMERCIAL                                            7

MULTI-FAMILY                                          17

CONDO/TOWNHOUSE                            75