2010 – APRIL – STONE HARBOR,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (2)

                                                                    ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                  LIST PRICE          LIST PRICE       MARKET

224 91st (5)Bed.,(3.5)Bth.                            $1,595,000.             $1,495,000.             474

249 90th (4)Bed.,(4)Bth.                                 1,999,990.               1,749,000.             211

 

RESIDENTIAL – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (2)

                                                  ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                LIST PRICE     PRICE          PRICE      DATE         OnMkt

131 97th (5)Bed.,(4)Bth.             $1,995,000.        SAME        $1,755,000.   4/30/10          150

12 90th (4)Bed.,(3)Bth.                 1,995,000.        SAME          2,150,000.   4/7/10             37

                                                  (3,990,000.)       (3,990,000.)   (3,905,000.)                        187

Average Original               Average Reduced               Average Sold            Average Days

List Price = $1,995,000.     List Price = $1,995,000.     Price = $1,952,500.   on Market = 93

-         Difference between ORIGINAL List Price and SOLD Price = (2%)

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

 

LOTS/LAND – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (1)

                                               ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                             LIST PRICE    PRICE          PRICE        DATE         onMkt

265 83rd St. 34x110                $699,000.          $549,000.       $350,000.     4/30/10         722

 

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $699,000.        List Price = $549,000.        Price = $350,000.      Market = 722

-         Difference between ORIGINAL List Price and SOLD Price = (50%)

-         Difference between ORIGINAL List Price and REDUCED Price = (22%)

 

COMMERCIAL – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (1)

                                                       ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                     LIST PRICE     PRICE          PRICE       DATE        onMkt

123 100th (70x110) Lot                  $2,300,000.        $1,895,000.    $1,600,000.  4/30/10      1,520

 

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $2,300,000.     List Price = $1,895,000.     Price = $1,600,000.     Market = 1,520

-         Difference between ORIGINAL List Price and SOLD Price = (31%)

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

 

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2010 TO 4/30/2010 = (1)

                                                                              ORIGINAL            REDUCED           DAYS

ADDRESS                                                           LIST PRICE          LIST PRICE        on MKT

366 93rd St. (4)Bed.,(3)Bth. North                        $950,000.                   SAME                   207

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2010 TO 4/30/2010 = (1)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE     PRICE          PRICE        DATE      onMkt

261 83rd St.(3)Bed.,(2.5)Bth. Front   $459,000.         $429,000.      $369,000.     4/30/10      160

 

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $459,000.        List Price = $429,000.        Price = $369,000.      Market = 160

-         Difference between ORIGINAL List Price and SOLD Price = (20%)

-         Difference between ORIGINAL List Price and REDUCED Price = (7%)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 5/29/10) = 234:

RESIDENTIAL                                  127

LOTS/LAND                                       8

COMMERCIAL                                 11

MULTI-FAMILY                               16

CONDO/TOWNHOUSE                    72