3RD QUARTER SEA ISLE CITY 2008 STATISTICS:

 

CONDO/TOWNHOUSE:               UNDER CONTRACT               COMPARABLE SALES

JULY                                                               5                                                        11

AUGUST                                                         5                                                        10

SEPTEMBER                                                11                                                        7

(21)                                                                                                          (28)

                       ORIGINAL List Price       REDUCED List Price    SOLD Price   Days on Mkt

JULY                 $879,182.                               $837,364.                    $781,000.              181

AUGUST             677,890.                                 653,980.                      629,900.              209

SEPTEMBER     658,686.                                 578,114.                      543,143.              282

 

3RD QUARTER

AVERAGE        $ 738,586.                              $ 689,819.                   $ 651,348.            223

-         Difference between ORIGINAL List Price and SOLD Price = (12%)

-         Difference between ORIGINAL List Price and REDUCED Price = (7%)

 

 

 

 

 

RESIDENTIAL:                               UNDER CONTRACT               COMPARABLE SALES

JULY                                                                 1                                                     1

AUGUST                                                           0                                                     3

SEPTEMBER                                                   0                                                     1

(1)                                                                                                    (5)

                       ORIGINAL List Price       REDUCED List Price    SOLD Price   Days on Mkt

JULY                    $849,000.                       $759,000.                         $685,000.               518

AUGUST              1,256,833.                     1,240,167.                        1,161,667.                87

SEPTEMBER         875,000.                        875,000.                           785,000.               237

 

3RD QUARTER

AVERAGE         $ 993,611.                       $ 958,056.                        $ 877,222.               281

-         Difference between ORIGINAL List Price and SOLD Price = (12%)

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

 

 

2008 YEAR-TO-DATE SEA ISLE CITY, NJ:

 

CONDO/TOWNHOUSE:

                        Average Original          Average Reduced          Average Sold     Average Days

                        List Price                       List Price                        Price                   on Market

1ST QTR.         $672,682.                       $632,124.                        $591,517.                251

2ND QTR.          685,687.                         663,365.                          628,432.                 228

3RD QTR.          738,586.                         689,819.                          651,348.                 223

 

Averages:       $ 698,985.                       $ 661,769.                       $ 623,766.              234

 

1ST QTR. CONDO/TOWNHOUSE SALES = 47

2ND QTR. CONDO/TOWNHOUSE SALES = 57

3RD QTR. CONDO/TOWNHOUSE SALES = 28

 

RESIDENTIAL:

                       Average Original           Average Reduced         Average Sold     Average Days

                       List Price                        List Price                        Price                  on Market

1ST QTR.        $1,025,000.                    $961,633.                         $837,667.               157

2ND QTR.             810,833.                     795,750.                           705,250.                246

3RD QTR.             993,611.                      958,056.                           877,222.               281

 

Averages:        $ 943,148.                     $ 905,146.                        $ 806,713.              228

 

1ST QTR. RESIDENTIAL SALES = 2

2ND QTR. RESIDENTIAL SALES = 7

3RD QTR. RESIDENTIAL SALES = 5