4TH QTR.- SEA ISLE CITY 2008  STATISTICS:

 

CONDO/TOWNHOUSE:             UNDER CONTRACT     COMPARABLE SALES

OCTOBER                                                      5                                           11

NOVEMBER                                                  5                                            4

DECEMBER                                                  8                                             7

(18)                                                                                (22)

 

                       ORIGINAL List Price     REDUCED List Price     SOLD Price    Days on Mkt

OCTOBER     $680,818.                          $ 641,091.                         $ 604,311.                 176

NOVEMBER   434,925.                             370,925.                            346,225.                 126

DECEMBER   709,271.                             654,071.                             590,286.                 164

                       

4TH QUARTER

AVERAGE:     $ 608,338.                         $ 555,362.                        $ 513,607.                 155

-         Difference between ORIGINAL List Price and SOLD Price = (16%)

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

 

RESIDENTIAL:                               UNDER CONTRACT       COMPARABLE SALES

OCTOBER                                                         1                                            -0-

NOVEMBER                                                      1                                             1

DECEMBER                                                      -0-                                           1

(2)                                                                                      (2)

 

                       ORIGINAL List Price     REDUCED List Price     SOLD Price    Days on Mkt

OCTOBER                     -0-                               -0-                                    -0-                     -0-

NOVEMBER        $ 500,000.                    $ 500,000.                       $ 350,000.                  87    

DECEMBER           869,000.                       869,000.                          750,000.                   96

 

4TH QUARTER

AVERAGE:           $ 456,333.                     $ 456,333.                      $ 366,667.                  61

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

-         Difference between ORIGINAL List Price and REDUCED Price = (1%)