2009 – NOVEMBER – STONE HARBOR,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (3)

                                                            ORIGINAL            REDUCED            DAYS ON

ADDRESS                                         LIST PRICE           PRICE                   MARKET

D22 Weber (2)Bed.,(1)Bth. 40x35     $459,000.                  $399,000.                  67

180 114th (4)Bed.,(3)Bth.                   2,350,000.                1,700,000.                   189

4 102nd (5)Bed.,(2)Bth.                      2,649,995.                    SAME                      28

 

RESIDENTIAL – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (6)

                                                   ORIGINAL     REDUCED     SOLD     CLOSING     DOM

ADDRESS                                 LIST PRICE     PRICE          PRICE         DATE

B-50 Bower (2)Bed.,(1.5)Bth.    $549,000.          $499,000.        $479,500.     11/6/09        266

39 Weber (4)Bed.,(1.5)Bth.          775,000.            599,000.          540,000.     11/20/09      519

11021 Second (3)Bed.,(1.5)Bth.  1,199,000.          789,000.          775,000.     11/21/09      822

231 98th (4)Bed.,(1.5)Bth.            1,450,000.       1,375,000.       1,285,000.     11/19/09      116

173 88th (5)Bed.,(3)Bth.               2,050,000.          SAME          2,050,000.     11/16/09      46

9915 First (4)Bed.,(4)Bth.           2,500,000.        2,350,000.       2,075,000.     11/24/09      439

                                                   (8,523,000.)      (7,662,000.)    (7,204,500.)                       (2208)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,420,500.     List Price = $1,277,000.     Price = $1,200,750.   Market = 368

-         Difference between ORIGINAL List Price and SOLD Price = (16%)

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

 

LOTS/LAND – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (1)

                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                     LIST PRICE            PRICE                  MARKET

4 102nd (50’x 110’)                          $2,649,995.               SAME                         28

 

LOTS/LAND – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (1)

                                                                          ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                        LIST PRICE          PRICE                 MARKET

235 99th (1)Bed., (1)Bth. #E                              $349,000.                $319,000.                 219

 

CONDO/TOWNHOUSE – COMPARABLE SALES:11/1/2009 TO 11/30/2009 = (2)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING    DOM

ADDRESS                                       LIST PRICE    PRICE           PRICE         DATE

208 99th (2)Bed.,(1.5)Bth. #5           $635,000.          $595,000.        $525,000.     11/6/09      266

366 93rd (4)Bed.,(3)Bth. South          950,000.             SAME            915,000.      11/6/09      63

                                                       (1,585,000.)         (1,545,000.)    (1,440,000.)                  (329)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $792,500.        List Price = $772,500.        Price = $720,000.      Market = 164

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 12-4-2009) = 186

RESIDENTIAL                                                            99

LOTS/LAND                                                                 8

COMMERCIAL                                                           8

MULTI-FAMILY                                                         13

CONDO/TOWNHOUSE                                             58