APRIL 2008 SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (2)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

105 74th (3)Bed.,(1.5)Bth. 55x100 $875,000. SAME 73

* 232 85th (4)Bed.,(3.5)Bth. 40x100 1,250,000. 1,089,000. 400

(*) NEW CONSTRUCTION = (1)

 

RESIDENTIAL COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4310 Central(5)Bed.,(2.5)Bth $599,000. $589,000. $558,000. 4/25/08 332

4310 Central(3)Bed.,(1.5)Bth. 609,000. SAME 558,000. 4/25/08 470

27x 100 LOT

 

LOTS / LAND UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

LOTS / LAND COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

COMMERCIAL COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4911 Landis(Deli) $395,000. $279,000. $300,000. 4/28/08 816

 

MULTI-FAMILY UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

111 37TH (3)Bed.,(2)Bth. #3W $449,000. $419,900. 195

228 37th (3)Bed.,(2.5)Bth. West 499,999. SAME 13

125 68th (5)Bed.,(3.5)Bth. West 729,000. SAME 66

* 6601 Central (5)Bed.,(3.5)Bth. East 859,000. 765,000. 599

* 30 76th (5)Bed.,(4.5)Bth. West 1,249,000. SAME 98

* 122 87th (4)Bed.,(3/2)Bth. East 1,749,000. 1,499,000. 396

 

CONDO/TOWNHOUSE COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (27)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4911 Landis(4)Bed.,(1.5)Bth. 2ndFl $399,000. $369,000. $300,000. 4/28/08 1554

113 60th (3)Bed.,(2)Bth. #A 379,777. SAME 358,000. 4/11/08 228

8601 Landis(3)Bed.,(2)Bth. 1stFl 399,000. SAME 360,000. 4/11/08 66

 

6001 Landis (3)Bed.,(1)Bth. #2 395,000. SAME 379,000. 4/25/08 61

6413 Central(3)Bed.,(2)Bth. #5 479,000. SAME 450,000. 4/26/08 56

230 78th (4)Bed.,(2)Bth. 1stFl 519,000. SAME 485,000. 4/11/08 100

121 33rd (3)Bed.,(1.5)Bth. West 535,000. SAME 490,000. 4/29/08 91

3500 Bordwlk(2)Bed.,(2)Bth. #618N 569,900. SAME 535,000. 4/30/08 199

109 34th (4)Bed.,(2)Bth. West 549,000. SAME 545,000. 4/11/08 48

115 86th (4)Bed.,(2)Bth. North 659,000. SAME 630,000. 4/7/08 173

125 76th (4)Bed.,(3)Bth. West 679,000. SAME 639,000. 4/15/08 214

3901 Pleasure(3)Bed.,(2.5)Bth. #118 675,000. SAME 675,000. 4/15/08 209

5209 Central(4)Bed.,(2.5)Bth. North 725,000. 699,000. 680,000. 4/23/08 235

221 88th (4)Bed.,(3)Bth. East 749,000. SAME 690,000. 4/4/08 65

* 139 46th(5)Bed.,(3.5)Bth. East 699,000. SAME 690,000. 4/15/08 221

5209 Central(4)Bed.,(2.5)Bth. South 749,000. SAME 700,000. 4/18/08 82

* 7608 Landis(5)Bed.,(3.5)Bth. North 739,777. 719,000. 705,000. 4/11/08 255

* 204 52nd (5)Bed.,(3.5)Bth. East 739,777. 749,777. 725,000. 4/30/08 254

* 204 52nd (5)Bed.,(3.5)Bth. West 769,777. 749,777. 733,500. 4/16/08 240

* 7609 Central(5)Bed.,(3.5)Bth. South 775,000. SAME 742,500. 4/30/08 50

129 57th (4)Bed.,(3.5)Bth. West 749,900. 789,900. 770,000. 4/30/08 86

* 234 80th (4)Bed.,(3)Bth. West 859,000. SAME 780,000. 4/20/08 194

57 83rd (4)Bed.,(2.5)Bth. East 815,000. SAME 787,500. 4/24/08 99

* 110 60th(4)Bed.,(3.5)Bth. West 849,000. 829,000. 800,000. 4/25/08 420

6800 Pleasure(5)Bed.,(4)Bth. North 869,500. SAME 840,000. 4/4/08 83

9109 Pleasure(4)Bed.,(2)Bth.2ndFl 1,100,000. 999,000. 900,000. 4/30/08 515

* 353 46thPl(4)Bed.,(3.5)Bth. East 1,399,000. 1,299,000. 1,155,000. 4/11/08 462

(*) NEW CONSTRUCTION = 8

(18,825,408.) (18,557,631.) (17,544,500.) (6260)

 

Average Original Average Reduced Average SOLD Average Days on

List Price = $697,237. List Price = $687,320. Price = $649,796. Market = 232

 

Difference between ORIGINAL List Price and SOLD Price = (7%)

Difference between ORIGINAL List Price and REDUCED List Price = (2%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 5/25/08) = (288)

RESIDENTIAL 23

LOTS / LAND 7

COMMERCIAL 5

MULTI-FAMILY 10

CONDO/TOWNHOUSE 243

 

 

 

 

 

 

MAY 2008 SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

4801 Central(3)Bed.,(1)Bth.50x110 $750,000. SAME 92

 

RESIDENTIAL COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (4)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5101 Central(3)Bed.,(1)Bth.50x110 $799,000. SAME $650,000. 5/15/08 94

126 59th(4)Bed.,(2)Bth.50x110 965,000. SAME 920,000. 5/17/08 126

* 232 85th(4)Bed.,(3.5)Bth.40x100 1,250,000. 1,089,000. 990,000. 5/15/08 435

317 47thPl(3)Bed.,(2)Bth.50x95 1,300,000. SAME 1,175,000. 5/15/08 177

(*) NEW CONSTRUCTION = 1

(4,314,000.) (4,153,000.) (3,735,000.) (832)

Average Original Average Reduced Average SOLD Average Days on

List Price = $1,078,500. List Price = $1,038,250. Price = $933,750. Market = 208

 

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

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

 

LOTS / LAND UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

LOTS / LAND COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

COMMERCIAL COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (11)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

3918 Landis(1)Bed.,(1)Bth. #111 $159,000. $129,000. 119

124 89th(2)Bed.,(1)Bth. 1stFl 409,000. SAME 8

6301 Central(4)Bed.,(2.5)Bth. North 599,000. SAME 27

134 34th(4)Bed.,(2)Bth. East 610,000. SAME 17

130 67th(5)Bed.,(3)Bth. East 659,900. 644,900. 56

* 5501 Central(5)Bed.,(4)Bth. West 779,000. SAME 7

* 5501 Central(5)Bed.,(4)Bth. East 759,000. 779,000. 189

133 34th(4)Bed.,(3)Bth. East 799,000. SAME 29

* 6618 Central(5)Bed.,(3.5)Bth. East 875,000. 829,000. 309

29 29th (5)Bed.,(3.5)Bth. South 1,229,000. 995,000. 250

8 65th (5)Bed.,(4)Bth. West 1,249,900. 1,190,000. 181

(*) NEW CONSTRUCTION = 3

CONDO/TOWNHOUSE COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (20)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3918 Landis(1)Bed.,(1)Bth.#110 $159,000. SAME $135,000. 5/3/08 110

4600 Landis(1)Bed.,(1)Bth.#1-C 189,000. SAME 155,000. 5/29/08 230

348 38th(3)Bed.,(1.5)Bth. South 399,900. SAME 355,000. 5/12/08 102

111 37th(3)Bed.,(2)Bth. #3W 449,000. 419,900. 415,000. 5/30/08 250

228 37th(3)Bed.,(2.5)Bth. West 499,999. SAME 455,000. 5/30/08 70

5214 Landis(3)Bed.,(1)Bth. A-1stFl 524,900. 499,000. 480,000. 5/20/08 106

3500 Boardwalk(2)Bed.,(2)Bth.#323-N 579,000. SAME 550,000. 5/23/08 80

134 81st(4)Bed.,(3)Bth. East 620,000. SAME 585,000. 5/16/08 97

225 48th(4)Bed.,(2)Bth. West 629,900. 609,900. 592,500. 5/30/08 226

114 52nd(4)Bed.,(2)Bth. West 629,000. SAME 600,000. 5/16/08 67

* 5612 Central(5)Bed.,(3.5)Bth.West 725,000. SAME 695,000. 5/19/08 136

* 226 46th(5)Bed.,(4.5)Bth. South 749,000. SAME 725,000. 5/23/08 351

* 119 49th(4)Bed.,(3.5)Bth. East 829,000. 799,999. 730,000. 5/16/08 382

138 77th(5)Bed.,(3.5)Bth. East 779,000. 759,000. 740,000. 5/1/08 285

85 85th(4)Bed.,(3.5)Bth. #3 775,000. SAME 750,000. 5/14/08 47

* 6601 Central(5)Bed.,(3.5)Bth. East 859,000. 765,000. 750,000. 5/30/08 644

* 5501 Central(5)Bed.,(4)Bth. East 759,000. SAME 753,000. 5/30/08 198

* 118 70th(5)Bed.,(3)Bth. West 818,000. 819,000. 795,000. 5/16/08 136

137 73rd(4)Bed.,(3.5)Bth. West 825,000. SAME 801,000. 5/15/08 217

17 74th(5)Bed.,(3)Bth. East 1,225,000. 999,000. 945,000. 5/2/08 482

(*) NEW CONSTRUCTION = 6

(13,022,699.) (12,579,698.) (12,006,500.) (4,216)

 

Average Original Average Reduced Average SOLD Average Days on

List Price = $651,135. List Price = $628,985. Price = $600,325. Market = 211

 

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

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

 

TOTAL SEA ISLE CITY ACTIVE SALE INVENTORY (AS OF 5/31/08) = 285:

RESIDENTIAL 23

LOTS / LAND 6

COMMERCIAL 5

MULTI-FAMILY 9

CONDO / TOWNHOUSE 242