3RD QUARTER – SEA ISLE CITY,NJ – 2011 – STATISTICS:

RESIDENTIAL:                                                   UNDER CONTRACT                COMPARABLE SALES

-          JULY                                                                      0                                                   0

-          AUGUST                                                               0                                                   1

-          SEPTEMBER                                                         0                                                   0

3RD QTR – RESIDENTIAL NEW CONSTRUCTION – UNDER CONTRACT = (0)

3RD QTR – RESIDENTIAL NEW CONSTRUCTION – COMPARABEL SALES = (0)

 

LOTS/LAND:                                                       UNDER CONTRACT               COMPARABLE SALES

-          JULY                                                                         0                                                 0

-          AUGUST                                                                   0                                                0

-          SEPTEMBER                                                             0                                                0

 

COMMERCIAL:                                                    UNDER CONTRACT               COMPARABLE SALES

-          JULY                                                                           0                                                 1

-          AUGUST                                                                    0                                                  0

-          SEPTEMBER                                                              0                                                  0

 

MULTI-FAMILY:                                                    UNDER CONTRACT               COMPARABLE SALES

-          JULY                                                                            0                                                   0

-          AUGUST                                                                     0                                                   0

-          SEPTEMBER                                                               0                                                   0

 

CONDO/TOWNHOUSE:                                       UNDER CONTRACT                COMPARABLE SALES

-          JULY                                                                             5                                                   9

-          AUGUST                                                                      9                                                   6

-          SEPTEMBER                                                               12                                                  5

                                                                                   (26)                                                (20)

ORIGINAL List Price          REDUCED List Price          SOLD Price          DAYS on Market

JULY                 $715,889.                   $690,611.                       $648,978.                         216

AUGUST            436,983.                     419,283.                         390,417.                          248

SEPTEMBER      584,780.                    571,180.                          527,700.                          219

 

                          ($1,737,652.)           ($1,681,074.)                    ($1,567,095.)               (683)

3RD QUARTER

AVERAGE:             $579,217.               $560,358.                            $522,365.                 228

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

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

 

3rd QTR CONDO/TOWNHOUSE – NEW CONSTRUCTION – UNDER CONTRACT = (6)

3RD QTR CONDO/TOWNHOUSE - NEW CONSTRUCTION – COMPARABLE SALES = (8)

SEA ISLE CITY COMPARISON – 3RD QTR: 2009-2010-2011:

                                                          3RD QTR:2009               3RD QTR:2010               3RD QTR: 2011

                                                        CONDO/TOWN            CONDO/TOWN           CONDO/TOWN

UNDER CONTRACT                                  46                                     33                                   26

COMPARABEL SALES                               27                                     33                                   20

 

AVERAGE List Price:                        $618,608.                     $649,386.                         $579,217.

AVERAGE SOLD Price:                     $556,391.                     $558,203.                         $522,365.

AVERAGE Days on Market:                   185                                207                                    228

 

 

TOTAL SEA ISLE CITY                     3RD QTR – 2009              3RD QTR – 2010            3RD QTR - 2011

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

-          JULY                                              279                                311                                      308                                    

-          AUGUST                                       294                                318                                      314

-          SEPTEMBER                                298                                 331                                      315

3RD QTR

AVERAGE………………….                   (290)                               (320)                                   (312)

 

 

SEA ISLE CITY COMPARISON – 1ST QTR – 2ND QTR – 3QTR – 2011:

                                                          1ST QTR:2011                      2ND QTR:2011                 3RD QTR:2011

                                                         CONDO/TOWN                  CONDO/TOWN             CONDO/TOWN

UNDER CONTRACT                                   38                                        36                                      26

COMPARABEL SALES                                38                                        47                                      20

 

AVERAGE List Price:                         $714,707.                          $656,593.                       $579,217.

AVERAGE SOLD Price:                      $633,726.                          $585,685.                       $522,365.

AVERAGE Days on Mkt:                         230                                       203                                  228

 

NEW CONSTRUCTION / CONDO/TOWN:

UNDER CONTRACT                                   10                                        11                                      6

COMPARABLE SALES                                  8                                        10                                      8

 

 

 

 

 

 

 

 

TOTAL SEA ISLE CITY

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

1ST QTR – 2011              2ND QTR – 2011              3RD QTR – 2011              4TH QTR – 2011     .

JAN.-2011       323         -APRIL-2011      350       -JULY-2011      308         -OCT.-2011

FEB.-2011       352         -MAY-2011        327       -AUG.-2011     314         -NOV.-2011

MAR.-2011     363         -JUNE-2011       306       -SEPT.-2011     315         -DEC.-2011

1ST QTR                             2ND QTR                           3RD QTR                            4TH QTR

Average = (346)              Average = (328)             Average = (312)              Average = (   )

 

1ST QTR – 2010              2ND QTR – 2010              3RD QTR – 2010              4TH QTR – 2010     .

JAN.-2010       282          -APRIL-2010      320      -JULY-2010      311         -OCT.-2010     352

FEB.-2010       321          -MAY-2010        381      -AUG.-2010     318         -NOV.-2010    313

MAR.-2010     324          -JUNE-2010       308      -SEPT.-2010     331         -DEC.-2010     313

1ST QTR                              2ND QTR                          3RD QTR                            4TH QTR

Average = (309)               Average = (336)             Average = (320)             Average = (326)

 

1ST QTR – 2009              2ND QTR – 2009              3RD QTR – 2009              4TH QTR – 2009       .

JAN.-2009      304           -APRIL-2009      280      -JULY-2009      279         -OCT.-2009      285

FEB.-2009       301          -MAY- 2009       277      -AUG.-2009     294         -NOV.-2009     285

MAR.-2009     307          -JUNE-2009       275      -SEPT.-2009     298         -DEC.-2009      263

1ST QTR                              2ND QTR                            3RD QTR                         4TH QTR

Average = (304)               Average = (267)              Average = (290)           Average = (278)