3RD QUARTER STONE HARBOR,NJ 2009 STATISTICS:

RESIDENTIAL                       UNDER CONTRACT             COMPARABLE SALES

JULY                                                        4                                                     3

AUGUST                                                  4                                                     3

SEPTEMBER                                          5                                                     5

                                                                (13)                                                (11)

                           ORIGINAL List     REDUCED Price     SOLD Price    Days on Mkt

JULY                  $ 986,333.               $ 849,000.                  $ 715,000.              380

AUGUST            2,161,667.               2,028,333.                  1,875,000.              214

SEPTEMBER    2,037,000.               1,997,000.                  1,805,200.              167

 

3RD QTR

AVERAGE       ($ 1,728,333.)         ($ 1,624,778.)           ($ 1,465,067.)         (254)

-         Difference between ORIGINAL List Price and SOLD Price = (15%)

-         Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

LOTS/LAND                               UNDER CONTRACT          COMPARABLE SALES

JULY                                                           0                                                 0

AUGUST                                                     0                                                 0

SEPTEMBER                                             0                                                 0

 

COMMERCIAL                          UNDER CONTRACT           COMPARABLE SALES

JULY                                                             0                                                 0

AUGUST                                                       0                                                 0

SEPTEMBER                                               0                                                 0

 

MULTI-FAMILY                        UNDER CONTRACT             COMPARABLE SALES

JULY                                                              1                                                 0

AUGUST                                                        1                                                 0

SEPTEMBER                                                0                                                 2

 

CONDO/TOWNHOUSE              UNDER CONTRACT            COMPARABLE SALES

JULY                                                               0                                                  3

AUGUST                                                         2                                                  1

SEPTEMBER                                                 2                                                  1

(4)                                                                                                (5)

                             ORIGINAL List Price     REDUCED Price     SOLD Price     Days on Mkt

JULY                      $ 669,000.                          $ 556,000.                  $ 496,667.                380

AUGUST                   729,000.                             729,000.                    660,000.                  84

SEPTEMBER           349,000.                             279,000.                    250,000.                  810

 

3RD QTR

AVERAGE             ($ 582,333.)                       ($ 521,333.)                ($ 468,889.)            (427)

-         Difference between ORIGINAL List Price and SOLD Price = (20%)

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

 

2009 STONE HARBOR,NJ 1ST QTR 2ND QTR 3RD QTR:

 

RESIDENTIAL:

                 Average Original          Average Reduced          Average Sold       Average Days on

                 List Price                       List Price                        Price                     Market

1ST QTR   $1,874,167.                   $1,758,833.                      $1,573,333.             168

2ND QTR    2,508,083.                     2,437,250.                        1,946,097.              175

3RD QTR    1,728,333.                     1,624,778.                        1,465,067.              254

 

TOTAL RESIDENTIAL UNITS:         UNDER CONTRACT         COMPARABLE SALES

1ST QTR                                                                     8                                                3

2ND QTR                                                                    3                                                 9

3RD QTR                                                                    13                                               11

(24)                                                                                        (23)

 

TOTAL RESIDENTIAL NEW CONSTRUCTION SOLD = (1)

 

CONDO/TOWNHOUSE:

                   Average Original          Average Reduced          Average Sold     Average Days on

                   List Price                       List Price                        Price                   Market

1ST QTR       $999,633.                      $612,667.                       $565,373.              561

2ND QTR        413,031.                        404,809.                         376,050.               106

3RD QTR        582,333.                        521,333.                         468,889.               427

 

TOTAL CONDO/TOWNHOUSE:        UNDER CONTRACT        COMPARABLE SALES

1ST QTR                                                                       1                                              3

2ND QTR                                                                       4                                              8

3RD QTR                                                                       4                                              5

(9)                                                                                      (16)

 

TOTAL CONDO/TOWNHOUSE NEW CONSTRUCTION SOLD = (0)