2012 – SEA ISLE CITY, NJ: 1ST – 2ND – 3RD – 4TH QTR:

RESIDENTIAL:                                          UNDER CONTRACT               COMPARABLE SALES

1ST QTR                                                                      2                                                    3

2ND QTR                                                                     0                                                     4

3RD QTR                                                                      3                                                     1

4TH QTR                                                                      0                                                      5

                                                                                   (5)                                                   (13)

 

RESIDENTIAL – NEW CONSTRUCTION:   UNDER CONTRACT           COMPARABLE SALES

1ST QTR                                                                          0                                                0

2ND QTR                                                                         0                                                0

3RD QTR                                                                         0                                                 0

4TH QTR                                                                          0                                                1

                                                                                                                                         (1)

2012 – RESIDENTIAL

AVERAGE:     ORIGINAL List Price        REDUCED List Price        SOLD Price        DAYS on MKT

 1ST QTR            $ 499,667.                        $ 499,667.                       $ 480,000.                  75

2ND QTR               759,150.                           697,483.                           655,983.                126

3RD QTR               675,000.                           675,000.                           625,000.                 15

4TH QTR               551,277.                           516,333.                           495,083.                  79

                           (2,485,094.)                      (2,388,483.)                     (2,256,066.)             (295)

2012

AVERAGE:        $ 621,273.                         $ 597,121.                        $ 560,016.                 74

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

-       Difference between ORIGINAL List Price and REDUCED Price = (4%)

 

2012 – RESIDENTIAL – TOTAL GROSS DOLLARS SOLD = ($ 9,160,650.)

1ST QTR = $ 1,955,000.

2ND QTR =    2,859,900.

3RD QTR =        625,000.

4TH QTR =     3,720,750.

 

2012 – LOTS/LAND:                 UNDER CONTRACT                   COMPARABLE SALES

1ST QTR                                                       1                                                      1

2ND QTR                                                      1                                                      2

3RD QTR                                                       2                                                      1

4TH QTR                                                       2                                                      0

                                                                    (6)                                                   (4)

 

 

 

 

 

2012 – COMMERCIAL:             UNDER CONTRACT                   COMPARABLE SALES

1ST QTR                                                        0                                                       0

2ND QTR                                                        1                                                       2

3RD QTR                                                        0                                                       0

4TH QTR                                                        1                                                        0

                                                                    (2)                                                     (2)

 

2012 - MULTI-FAMILY:              UNDER CONTRACT                   COMPARABLE SALES

1ST QTR                                                            0                                                      0

2ND QTR                                                           0                                                      0

3RD QTR                                                            1                                                      1

4TH QTR                                                             0                                                      3

(1)                                                    (4)

2012 – CONDO/TOWNHOUSE:    UNDER CONTRACT                COMPARABLE SALES

1ST QTR                                                               57                                                 50

2ND QTR                                                              46                                                  79

3RD QTR                                                               41                                                 50

4TH QTR                                                               16                                                  59

                                                                          (160)                                              (238)

CONDO/TOWNHOUSE – NEW CONSTRUCTION:  UNDER CONTRACT   COMPARABEL SALES

1ST QTR                                                                                          16                                      10

2ND QTR                                                                                          11                                     15

3RD QTR                                                                                           2                                         9

4TH QTR                                                                                           2                                         5

                                                                                                       (31)                                   (39)

2012 – CONDO/TOWNHOUSE:

AVERAGE:          ORIGINAL List Price        REDUCED Price        SOLD Price:        DAYS on MKT.

1ST QTR                $ 733,820.                           $ 691,469.             $ 635,534.                   298

2ND QTR                  656,289.                               637,096.                606,410.                   194

3RD QTR                  643,549.                               618,596.                587,379.                   219

4TH QTR                  697,447.                               646,454.                611,770.                   220

                             (2,731,105.)                         (2,593,615.)          (2,441,093)               (931)

2012

AVERAGE:             $ 682,776.                             $ 648,404.             $ 610,273.              233

-       Difference between ORIGINAL List Price and SOLD Price = (11%)

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

 

2012 – CONDO/TOWNHOUSE – GROSS DOLLARS SOLD = (146,861,697.)

1ST QTR = $ 31,062,366.

2ND QTR =   47,795,931.

3RD QTR =   29,397,000.

4TH QTR =   38,606,400.

 

 

2012 – TOTAL SALES – SEA ISLE CITY, NJ (ALL CLASSES/UNITS) = 261:

RESIDENTIAL                   = 13

LOTS/LAND                      = 4

COMMERCIAL                 = 2

MULTI-FAMILY                = 4

CONDO/TOWNHOUSE  = 238

 

2012 – SEA ISLE CITY, NJ – SALE INVENTORY:

1ST QTR – JANUARY = 321,   FEBRUARY = 325,   MARCH = 315 – AVERAGE = (320)

2ND QTR – APRIL = 277,   MAY = 277,   JUNE = 255 – AVERAGE = (270)

3RD QTR – JULY = 253,   AUGUST = 258,   SEPTEMBER = 264 – AVERAGE = (258)

4TH QTR – OCTOBER = 264,   NOV. = 248,   DEC. = 224 – AVERAGE = (245)

 

SEA ISLE CITY, NJ: PAST SALE MARKET COMPARISONS:

RESIDENTIAL          2007               2008               2009               2010               2011               2012

TOTAL SALES:            10                    17                   9                     15                     8                    13

 

NEW

CONSTRUCTION:       1                      2                     1                      0                      0                     1

 

AVERAGE

LIST PRICE:       $ 1,203,100.      821,444.      1,607,833.      837,701.      537,787.      621,273.

AVERAGE

SOLD PRICE:    $  1,003,182.      696,701.      1,122,857.      707,697.      414,646.      564,016.

 

% SOLD PRICE

TO LIST PRICE:            17%                15%                30%               16%             23%                9%

 

TOTAL RESIDENTIAL

GROSS-VOLUME:   2007               2008               2009               2010               2011               2012

                         $ 11,035,000.    14,043,000.    7,860,000.    15,716,725.    6,474,500.    9,160,650.

                                       

AVERAGE DAYS

ON MARKET:             159                  186                  228                  145                166                 74

 

CONDO-

TOWNHOUSE          2007               2008               2009               2010               2011               2012

TOTAL SALES:           209                 161                  165                 166                  183                238

 

NEW

CONSTRUCTION:      95                   45                    40                    36                   35                  39

 

AVERAGE

LIST PRICE:         $ 853,451.        676,323.        689,947.        696,094.        686,382.        682,776.

AVERAGE

SOLD PRICE:       $ 743,963.        596,226.        617,630.        609,637.        609,850.        610,273.

 

% SOLD PRICE

TO LIST PRICE:        13%                   12%                 11%                13%                11%                11%

 

TOTAL Condo/Town

GROSS-VOLUME:

        2007                        2008                  2009                     2010                      2011               2012

$ 163,436,945.        95,202,375.        91,089,800.        94,292,450.        104,331,330.  146,861,697.

 

 

AVERAGE DAYS          2007               2008               2009               2010               2011               2012

ON MARKET:                 229                214                 207                  206                 208                 233

 

 

SEA ISLE CITY, NJ-TOTAL SALES:

ALL CLASSESS - RESIDENTIAL, LOTS/LAND, COMMERCIAL, MULTI-FAMILY, CONDO/TOWN.

                              2007          2008          2009          2010          2011          2012

                        230                   186                  181                   186                   202                   261

 

 

1/19/13