APRIL 2008 STONE HARBOR, NJ:

 

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

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE PRICE MARKET

312 84TH (4)Bed.,(2)Bth. $950,000. SAME 113

 

RESIDENTIAL COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

130 107th (5)Bed.,(4.5)Bth. $2,799,000. $2,450,000. $2,400,000. 4/29/08 235

* 9835 Sunset (5)Bed.,(4/2)Bth. 3,595,000. SAME 3,400,000. 4/10/08 103

* 10404 Corinthian(5)Bed.,(5/2)Bth. 4,293,750. 3,795,000. 3,625,000. 4/26/08 272

(*) NEW CONSTRUCTION = 2

(10,687,750.) (9,840,000.) (9,425,000.) (610)

 

Average Original Average Reduced Average SOLD Average Days

List Price = $3,562,583. List Price = $3,280,000. Price = $3,141,667. on Mkt = 203

 

Difference between Original List Price and SOLD Price = (12%)

Difference between Original List Price and REDUCED Price = (8%)

 

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

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

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

129 109th 66x 100 $1,879,000. $1,599,000. $1,510,000. 4/25/08 267

 

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

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

 

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

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

282 84TH (2/2)Bed.,(1/1)Bth. $895,000. $869,000. 108

 

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

 

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

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

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

8700 Sunset(4)Bed.,(3)Bth. North $1,599,000. $1,449,000. $1,412,000. 4/29/08 211

 

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 5/25/08) = (226)

RESIDENTIAL 117

LOTS / LAND 10

COMMERCIAL 8

MULTI-FAMILY 21

CONDO / TOWNHOUSE 70

 

 

MAY 2008 STONE HARBOR, NJ:

 

RESIDENTIAL UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (4)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

227 118TH(4)Bed.,(2)Bth.60x110 $1,629,000. SAME 223

10412 Corinthian(4)Bed.,(2.5)Bth.41x100 2,275,000. 1,975,000. 213

8800 Sunset(4)Bed.,(3.5)Bth.47x110 2,550,000. 1,995,000. 489

138 111th(4)Bed.,(3)Bth.50x100 2,499,000. 1,999,000. 421

 

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

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

155 93rd(6)Bed.,(2.5)Bth.50x110 $1,500,000. $1,495,000. $1,362,200. 5/30/08 149

122 108th(5)Bed.,(3.5)Bth.50x100 2,249,000. SAME 1,975,000. 5/10/08 129

* 257 104th(5)Bed.,(4)Bth.60x110 2,399,000. SAME 2,225,000. 5/30/08 326

* 8531 First(5)Bed.,(4.5)Bth.60x110 4,895,000. SAME 4,392,500. 5/30/08 237

(*) NEW CONSTRUCTION = 2

(11,043,000.) (11,038,000.) (9,954,700.) (841)

 

Average Original Average Reduced Average SOLD Average Days on

List Price = $2,760,750. List Price = $2,759,500. Price = $2,488,675. Market = 210

 

Difference between ORIGINAL List Price and SOLD Price = (10%)

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

 

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 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

10835 Sunset(3/2)Bed.,(1.5/1)Bth. 30x130 $1,629,000. SAME 161

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

 

CONDO/TOWNHOUSE UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (2)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

150 96TH (3)Bed.,(2)Bth. #3 $729,000. $689,000. 619

9701 Second(3)Bed.,(2.5)Bth. 1,100,000. 877,000. 459

 

CONDO/TOWNHOUSE COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

11010 Third(2)Bed.,(1)Bth. 1stFl $550,000. $519,000. $495,000. 5/1/2008 306

9600 First(3)Bed.,(2)Bth. #20 1,095,000. 985,000. 887,500. 5/23/08 385

* 284 83rd(4)Bed.,(3.5)Bth. East 1,150,000. SAME 999,999. 5/2/08 111

(*) NEW CONSTRUCTION = 1

(2,795,000.) (2,654,000.) (2,382,499.) (802)

 

Average Original Average Reduced Average SOLD Average Days on

List Price = $931,667. List Price = $884,667. Price = $794,166. Market = 267

 

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

Difference between ORIGINAL List Price and REDUCED List Price = (5%)

 

TOTAL STONE HARBOR ACTIVE SALE INVENTORY (AS OF 5/31/08) = 226:

RESIDENTIAL 115

LOTS / LAND 11

COMMERCIAL 9

MULTI-FAMILY 22

CONDO / TROWNHOUSE 69