MAY – 2008 – STONE HARBOR, NJ:
RESIDENTIAL – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (4)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE
MARKET
227 118TH(4)Bed.,(2)Bth.60x110 $1,629,000. SAME 223
10412 Corinthian(4)Bed.,(2.5)Bth.41x100 2,275,000. 1,975,000. 213
8800 Sunset(4)Bed.,(3.5)Bth.47x110 2,550,000.
1,995,000. 489
138 111th(4)Bed.,(3)Bth.50x100 2,499,000. 1,999,000. 421
RESIDENTIAL –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (4)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
155 93rd(6)Bed.,(2.5)Bth.50x110 $1,500,000. $1,495,000.
$1,362,200. 5/30/08 149
122 108th(5)Bed.,(3.5)Bth.50x100 2,249,000. SAME
1,975,000. 5/10/08 129
* 257 104th(5)Bed.,(4)Bth.60x110 2,399,000. SAME
2,225,000. 5/30/08 326
* 8531 First(5)Bed.,(4.5)Bth.60x110 4,895,000. SAME
4,392,500. 5/30/08 237
(*) NEW CONSTRUCTION
= 2
(11,043,000.) (11,038,000.)
(9,954,700.) (841)
Average Original Average Reduced Average SOLD Average Days on
List Price =
$2,760,750. List Price =
$2,759,500. Price = $2,488,675. Market = 210
Difference between
ORIGINAL List Price and SOLD Price = (10%)
Difference between
ORIGINAL List Price and REDUCED List Price = (1%)
LOTS / LAND – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (0)
LOTS / LAND –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)
COMMERCIAL – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (0)
COMMERCIAL –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 5/1/2008 TO 5/31/2008 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
10835 Sunset(3/2)Bed.,(1.5/1)Bth. 30x130 $1,629,000. SAME 161
MULTI-FAMILY –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (2)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
150 96TH (3)Bed.,(2)Bth. #3 $729,000. $689,000. 619
9701 Second(3)Bed.,(2.5)Bth. 1,100,000. 877,000. 459
CONDO/TOWNHOUSE –
COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (3)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
11010 Third(2)Bed.,(1)Bth. 1stFl $550,000.
$519,000. $495,000. 5/1/2008 306
9600 First(3)Bed.,(2)Bth. #20 1,095,000.
985,000. 887,500. 5/23/08 385
* 284 83rd(4)Bed.,(3.5)Bth. East 1,150,000.
SAME 999,999. 5/2/08 111
(*) NEW CONSTRUCTION
= 1
(2,795,000.)
(2,654,000.) (2,382,499.) (802)
Average Original Average Reduced Average SOLD Average Days on
List Price =
$931,667. List Price = $884,667. Price =
$794,166. Market = 267
Difference between
ORIGINAL List Price and SOLD Price = (15%)
Difference between ORIGINAL
List Price and REDUCED List Price = (5%)
TOTAL STONE HARBOR
ACTIVE SALE INVENTORY (AS OF 5/31/08) = 226:
RESIDENTIAL
115
LOTS / LAND 11
COMMERCIAL
9
MULTI-FAMILY
22
CONDO /
TROWNHOUSE 69