4TH QUARTER SEA ISLE CITY, NJ 2010 STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

OCTOBER 1 2

NOVEMBER 1 2

DECEMBER 1 0

(3) (4)

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 1

NOVEMBER 0 0

DECEMBER 0 0

(1)

 

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 0 0

DECEMBER 0 1

(1)

 

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

OCTOBER 0 0

NOVEMBER 0 0

DECEMBER 0 0

 

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

OCTOBER 10 10

NOVEMBER 4 12

DECEMBER 4 15

(18) (37)

 

4TH QTR - NEW CONSTRUCTION CONDO/TOWNHOUSE UNDER CONTRACT = (2)

4TH QTR - NEW CONSTRUCTION CONDO/TOWNHOUSE COMPARABLE SALES = (8)

 

4TH QTR

AVERAGE ORIGINAL List Price REDUCED Price SOLD Price DAYS on MKT

OCTOBER $ 562,350. $ 553,390. $ 512,800. 171

NOVEMBER 954,500. 773,875. 694,458. 412

DECEMBER 669,297. 637,204. 596,800. 163

 

($ 728,716.) ($ 654,823.) ($ 601,353.) (249)

-          Difference between ORIGINAL List Price and SOLD Price = (18%)

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

 

2010 - 1ST-2ND-3RD-4TH SEA ISLE CITY,NJ STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

1ST QTR 2 4

2ND QTR 2 3

3RD QTR 1 4

4TH QTR 3 4

(8) (15)

 

RESIDENTIAL TOTAL GROSS DOLLARS SOLD = ($15,716,725.)

1ST QTR = $ 2,915,000.

2ND QTR = $ 3,887,500.

3RD QTR = $ 4,379,225.

4TH QTR = $ 4,535,000($ 15,716,725.)

 

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

1ST QTR 0 0

2ND QTR 0 0

3RD QTR 1 0

4TH QTR 0 1

(1)  (1)

 

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

1ST QTR 0 0

2ND QTR 0 0

3RD QTR 0 0

4TH QTR 0 1

(1)

 

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

1ST QTR 1 2

2ND QTR 0 0

3RD QTR 1 0

4TH QTR 0 0

(2)  (2)

 

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

1ST QTR 35 33

2ND QTR 26 51

3RD QTR 33 33

4TH QTR 18 37

(112) (154)

 

 

CONDO/TOWNHOUSE NEW CONSTRUCTION: UNDER CONTRACT COMPARABLE SALES

1ST QTR 5 8

2ND QTR 10 10

3RD QTR 10 10

4TH QTR 2 8

(27) (36)

 

CONDO/TOWNHOUSE

AVERAGE: ORIGINAL LIST PRICE REDUCED PRICE SOLD PRICE DAYS ON MKT

1ST QTR $ 750,323. $ 733,934. $ 686,741. 191

2ND QTR 655,950. 626,985. 592,253. 176

3RD QTR 649,386. 609,616. 558,203. 207

4TH QTR 728,716. 654,823. 601,353. 249

 

2010- AVERAGE: ($ 696,094.) ($ 656,339.) ($ 609,637.) (206)

-          Difference between ORIGINAL List Price and SOLD Price = (13%)

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

 

2010 CONDO/TOWNHOUSE TOTAL GROSS DOLLARS SOLD = ($ 94,292,450.)

1ST QTR $ 22,598,500.

2NDQTR 30,603,950.

3RD QTR 18,586,500.

4TH QTR 22,503,500.($ 94,292,450.)

 

2010 TOTAL SALES SEA ISLE CITY, NJ: (ALL CLASSES) = (173):

RESIDENTIAL 15

LOTS/LAND 1

COMMERCIAL 1

MULTI-FAMILY 2

CONDO/TWONHOUSE 154