2010 – NOVEMBER – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (2)

                                                                            ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                           LIST PRICE              LIST PRICE              MARKET

308 92nd (3)Bed/.(1/2)Bth.                             $ 2,000,000.          $ 1,150,000.              788

8522 Sunset (4)Bed.,(3)Bth.                              2,175,000.             1,875,000.               253

 

RESIDENTIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (4)

                                                       ORIGINAL           REDUCED           SOLD              CLOSING        DAYS

ADDRESS                                      LIST PRICE           PRICE                 PRICE                DATE           onMkt

165 99th (4)Bed.,(3)Bth.             $ 1,589,000.       $1,389,000.       $1,250,000.     11/12/10      143

223 119th (6)Bed.,(3)Bth.              1,599,000.             SAME              1,435,000.     11/2/10         96

2 86th (5)Bed.,(3)Bth.                     3,900,000.             SAME              3,450,000.     11/10/10      111

10015 First (6)Bed.,(4.5)Bth.        3,595,000.             SAME              3,595,000.     11/4/10         90

                                                        (10,683,000.)     (10,483,000.)     (9,730,000.)                        (440)

Average Original                  Average Reduced                  Average Sold                  Average Days on

List Price = $2,670,750.       List Price = $2,620,750.        Price = $2,432,500.       Market = 110

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

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

-          -           

 

LOTS/LAND – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (3)

                                                               ORIGINAL          REDUCED          SOLD          CLOSING      DAYS

ADDRESS                                              LIST PRICE         PRICE                 PRICE             DATE        onMkt

8300 Second (2)Bede.,(1)Bth. #4     $419,000.           SAME               $400,000.     11/23/10      291

257 89th (2)Bed.,(1)Bth. #B,2ndFl      419,900.            SAME                 415,000.     11/30/10      118

225 81st (4)Bed.,(2)Bth. #B,2ndFl      699,000.           679,000.             651,000.      11/19/10     249

                                                             (1,537,900.)       (1,517,900.)      (1,466,000.)                     (658)

Average Original                  Average Reduced                  Average Sold               Average Days on

List Price = $512,633.          List Price = $505,967.            Price = $488,667.        Market = 219

-          -          Difference between ORIGINAL List Price and SOLD Price = (5%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (1%)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 1/8/2011) = 277

RESIDENTIAL                                                 178

LOTS/LAND                                                    4

COMMERCIAL                                                9

MULTI-FAMILY                                              19

CONDO/TOWNHOUSE                                67