2012 – JANUARY – STONE HARBOR, NJ:

RESIDENTIAL – UNDER CONTRACT: 1/1/2012  TO 1/31/2012 = (0)

RESIDENTIAL – COMPARABLE SALES: 1/1/2012  TO 1/31/2012 = (3)

                                                      ORIGINAL        REDUCED        SOLD        CLOSING        DAYS ON

ADDRESS                                     LIST PRICE        PRICE             PRICE            DATE            MARKET

8901 Third (5)Bed.,(4.5)Bth.    $1,999,000.      SAME         $1,725,000.   1/6/12             210

10515 Third (4)Bed.,(3.5)Bth.    3,595,000.      SAME            3,025,000.   1/28/12          263

2 99th (4)Bed.,(3-2)Bth.                4,795,000.     SAME            3,875,000.   1/2/12            522

                                                  (10,389,000.)   (10,389,000.)  (8,625,000.)                       (995)

Average Original               Average Reduced               Average SOLD                Average Days on

List Price = $3,463,000.    List Price = $3,463,000.     Price = $2,875,000.       Market = 332

-          Difference between ORIGINAL List Price and SOLD Price = (17%)

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

LOTS/LAND – UNDER CONTRACT: 1/1/2012  TO  1/31/2012 = (0)

LOTS/LAND – COMPARABLE SALES: 1/1/2012  TO 1/31/2012 = (0)

 

COMMERCIAL – UNDER CONTRACT: 1/1/2012  TO  1/31/2012 = (0)

COMMERCIAL – COMPARABLE SALES: 1/1/2012  TO  1/31/2012 = (1)

                                                       ORIGINAL         REDUCED         SOLD         CLOSING        DAYS ON

ADDRESS                                      LIST PRICE        PRICE               PRICE             DATE            MARKET

9629 Third (Bayfront – Shelter  $2,100,000.      SAME           $1,800,000.     1/31/12          83

                       Haven Basin. (3) Storefronts-1st Fl., (8) offices-2ndFl,Boatslips – 60’x 110’)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $2,100,000.    List Price = $2,100,000.     Price = $1,800,000.      Market = 83

-          Difference between ORIGINAL List Price and SOLD Price = (14%)

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

MULTI-FAMILY – UNDER CONTRACT: 1/1/2012  TO  1/31/2012 = (0)

MULTI-FAMILY – COMPARABLE SALES: 1/1/2012 TO 1/31/2012 = (0)

 

CONDO/TOWNHOUSE –UNDER CONTRACT: 1/1/2012  TO  1/31/2012 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2012  TO  1/31/2012 = (2)

                                                                     ORIGINAL         REDUCED        SOLD        CLOSING      DAYS

ADDRESS                                                    LIST PRICE        PRICE               PRICE          DATE        onMkt

384 94th (2)Bed.,(1)Bth. #2-W                $597,500.         $419,500.       $395,000.   1/21/12        691

8129 Third (3)Bede.,(3)Bth. #4                 849,000.           764,000.         705,000.    1/14/12       920

                                                                    (1,446,500.)     (1,183,500.)    (1,100,000.)                (1,611)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $723,250.       List Price = $591,750.         Price = $550,000.         Market = 805

-          Difference between ORIGINAL List Price and SOLD Price = (24%)

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 3/1/2012) = 227:

RESIDENTIAL = 118, LOTS/LAND = 7, COMMERCIAL = 7, MULTI-FAMILY = 17, CONDO/TOWNHOUSE = 78.

 

2012 – FEBRUARY – STONE HARBOR,NJ:

RESIDENTIAL – UNDER CONTRACT: 2/1/2012  TO  2/29/2012 = (5)

                                                                                ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                               LIST PRICE            LIST PRICE           MARKET

328 101st (6)Bed.,(1.5)Bth.                                $729,000.              $699,000.                   176

9817 Sunset (5)Bed.,(2)Bth.                             1,649,000.             1,299,000.                   156

10618 First (3)Bed.,(2.5)Bth.                            1,950,000.             1,675,000.                   42

316 92nd (5)Bed.,(3)Bth.                                    1,950,000.              1,750,000.                  250

6 107th (4)Bed.,(4.5)Bth.                                    3,750,000.              3,557,000.                  870

 

RESIDENTIAL – COMPARABLE SALES: 2/1/2012  TO  2/29/2012 = (1)

                                                       ORIGINAL        REDUCED        SOLD        CLOSING      DAYS ON

ADDRESS                                      LIST PRICE        PRICE             PRICE             DATE        MARKET

10202 Second                              $1,550,000.     $1,395,000.   $1,050,000.   2/29/12      414

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $1,550,000.    List Price = $1,395,000.     Price = $1,050,000.      Market = 414

-          Difference between ORIGINAL List Price and SOLD Price = (32%)

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

 

LOTS/LAND – UNDER CONTRACT: 2/1/2012  TO  2/29/2012 = (0)

LOTS/LAND – COMPARABLE SALES: 2/1/2012  TO  2/29/2012 = (0)

 

COMMERCIAL – UNDER CONTRACT: 2/1/2012  TO  2/29/2012 = (2)

                                                                                   ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                  LIST PRICE           LIST PRICE            MARKET

10829 Third (Business/Residence) 50’x 56’       $745,000.            $549,500.                 633

                       Dorothy Carrol Gifts & Fine Arts

9410 Second (2,530 sq.ft. #M-5/#M-6)                 650,000.             550,000.                  176             

                        Peter McPhee Fine Arts

 

COMMERCIAL – COMPARABEL SALES: 2/1/2012  TO  2/29/2012 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 2/1/2012  TO  2/29/2012 = (2)

                                                                                    ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                   LIST PRICE           LIST PRICE            MARKET

315 110th (2/2)Bed., (1/1)Bth. 50’x 110’            $1,599,000.          $698,000.                 1,980

234 106th (3/2/)Bed.,(1/1)Bth. 50’x 100’                 869,000.            799,000.                    219

 

MULTI-FAMILY – COMPARABLE SALES: 2/1/2012  TO  2/29/2012 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1/2012  TO  2/29/2012 = (2)

                                                                                      ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                     LIST PRICE            LIST PRICE          MARKET

255 94th (3)Bed.,(2)Bth. #B                                       $579,000.             $499,900.               195

10805 Third (3)Bed.,(2.5)Bth. #7                               589,000.                 SAME                   83

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/2012  TO  2/29/2012 = (1)

                                                                     ORIGINAL        REDUCED        SOLD        CLOSING      DAYS

ADDRESS                                                    LIST PRICE        PRICE             PRICE          DATE         onMkt

317 83rd (4)Bed.,(2)Bth. #13                   $425,000.         SAME            $415,000.     2/2/12         95

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $425,000.        List Price = $425,000.        Price = $415,000.         Market = 95

-          Difference between ORIGINAL List Price and SOLD Price = (2%)

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 3-5-12) = 223:

RESIDENTIAL = 114, LOTS/LAND = 7, COMMERCIAL = 7, MULTI-FAMILY = 17, CONDO/TOWNHOUSE = 78.

 

 

2012 – MARCH – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 3/1/2012  TO  3/31/2012 = (10)

                                                                                       ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                      LIST PRICE            LIST PRICE          MARKET

219 87th (4)Bed.,(2.5)Bth.                                          $890,000.             $875,000.               282

*260 109th (4)Bed.,(3)Bth.                                        1,850,000.            1,119,000.             2,031

222 119th (4)Bed.,(3)Bth.                                           1,350,000.                 SAME                    76

162 99th (4)Bed.,(3)Bth.                                              1,450,000.                SAME                     27

10725 Sunset (3)Bed.,(1/2)Bth.                                1,699,000.            1,575,000.                115

9023 Third (5)Bed.,(3)Bth.                                         2,395,000.            1,675,000.             1,251

*251 107th (4)Bed.,(3.5)Bth.                                      1,995,000.            1,699,000.                338

135 84th (5)Bed.,(4/2)Bth.                                          2,099,000.                 SAME                     27

460 104th (5)Bed.,(3)Bth.                                            2,495,000.            2,295,000.                432

7 106th (4)Bed.,(4.5)Bth.                                             3,950,000.            3,400,000.             1,493

(2)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 3/1/2012  TO  3/31/2012 = (4)

                                                              ORIGINAL        REDUCED        SOLD        CLOSING       DAYS ON

ADDRESS                                             LIST PRICE         PRICE            PRICE              DATE         Market

257 86th (5)Bed.,(3)Bth.                    $949,000.         $749,000.     $720,000.     3/2/12            331

10010 Sunset (5)Bed.,(3.5)Bth.      1,200,000.             SAME           999,000.     3/30/12          30

10618 First (3)Bed.,(2.5)Bth.           1,950,000.        1,675,000.    1,400,000.     3/21/12          66

316 92nd (5)Bed.,(3)Bth.                   1,950,000.         1,750,000.    1,555,000.    3/9/12            295

                                                        (6,049,000.)      (5,374,000.)    (4,674,000.)                  (722)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $1,512,250.    List Price = $1,343,500.     Price = $1,168,500.      Market = 180

-          Difference between ORIGINAL List Price and SOLD Price = (23%)

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

 

LOTS/LAND – UNDER CONTRACT: 3/1/2012  TO  3/31/2012 = (0)

LOTS/LAND – COMPARABLE SALES: 3/1/2012  TO  3/31/2012 = (0)

 

COMMERCIAL – UNDER CONTRACT: 3/1/2012  TO  3/31/2012 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2012  TO  3/31/2012 = (1)

                                                            ORIGINAL        REDUCED        SOLD        CLOSING      DAYS ON

ADDRESS                                           LIST PRICE        PRICE              PRICE              DATE       Market

9410 Second Ave. #M5 & M6        $650,000.         $550,000.      $485,000.     3/6/12          218

(2,530sq.ft.)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $650,000.       List Price = $550,000.         Price = $485,000.        Market = 218

-          Difference between ORIGINAL List Price and SOLD Price = (25%)

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

 

MULTI-FAMILY – UNDER CONTRACT: 3/1/2012  TO  3/31/2012 = (2)

                                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                        LIST PRICE            LIST PRICE           Market

8702 Third (2/1)Bed.,(1/1.5)Bth.                               $749,000.                 SAME                  129

325 92nd (4/2)Bed.,(1.5/1)Bth.                                   1,599,000.             799,000.              2,336

 

MULTI-FAMILY – COMPARABLE SALES: 3/1/2012  TO  3/31/2012 = (2)

                                                              ORIGINAL        REDUCED        SOLD        CLOSING     DAYS ON

ADDRESS                                             LIST PRICE        PRICE              PRICE           DATE        MARKET

315 110TH (2/2)Bed.,(1/1)Bth.         $1,599,000.      $698,000.      $705,000.    3/3/12       1,997

234 106th (3/2)Bed.,(1/1)Bth.               869,000.         799,000.        740,000.    3/23/12        269

 

                                                               (2,468,000.)      (1,497,000.)   (1,445,000.)                (2,266)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $1,234,000.     List Price = $748,500.        Price = $722,500.         Market = 1,133

-          Difference between ORIGINAL List Price and SOLD Price = (42%)

-          Difference between ORIGINAL List Price and REDUCED Price = (39%)

 

 

 

 

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2012  TO  3/3/12012 = (5)

                                                                                                ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                               LIST PRICE            LIST PRICE          MARKET

8001 Second (2)Bed.,(2)Bth. #210                                    $409,000.                SAME                  147

10201 Second (3)Bed.,(2.5)Bth. West                                649,000.                SAME                   31

146 83rd (3)Bed.,(2)Bth. #4                                                   829,000.              699,000.               590

351 94th (4)Bed.,(2.5)Bth. West                                           799,000.              740,000.               210

*277 94th (4)Bed.,(3.5)Bth. West                                         899,000.              879,000.               357

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2012  TO  3/31/2012 = (1)

                                                               ORIGINAL        REDUCED        SOLD        CLOSING       DAYS ON

ADDRESS                                              List Price          Price                Price             Date           Market

10805 Third (3)Bed.,(2.5)Bth. #7      $589,000.         SAME             $545,000.     3/31/12        130

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $589,000.       List Price = $589,000.         Price = $545,000.         Market = 130

-          Difference between ORIGINAL List Price and SOLD Price = (8%)

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 4/15/12) = 224.

RESIDENTIAL = 121, LOTS = 5, COMMERCIAL = 5, MULTI-FAMILY = 14 AND CONDO/TOWNHOUSE= 79.