JULY, 2008 SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

15 49TH(4)Bed.,(3.5)Bth. 32x110 $1,599,000. SAME 6

 

RESIDENTIAL COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4308 Central(5)Bed.,(3.5)Bth. $849,000. $759,000. $685,000. 7/17/08 518

 

LOTS / LAND UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

137 38TH 5,460sq.ft. $634,500. SAME 54

 

LOTS / LAND COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (0)

COMMERCIAL COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

9107 Landis(3/3)Bed.,(1/1.5)Bth. 40x83 $699,000. SAME 146

 

MULTI-FAMILY COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

134 42nd(2/2)Bed.,(1/1)Bth.25x110 $499,000. $390,000. $362,500. 7/25/08 800

 

CONDO/TOWNHOUSE UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

4800 Landis(2)Bed.,(2)Bth. #1North $349,900. $315,000. 93

* 234 80th(4)Bed.,(3)Bth. East 859,000. 779,000. 289

* 6618 Central(5)Bed.,(3.5)Bth. West 925,000. 839,900. 386

* 33 75th(5)Bed.,(3.5)Bth. East 899,000. SAME 8

* 5600 Pleasure(5)Bed.,(4)Bth. South 969,000. SAME 15

(*) NEW CONSTRUCTION = 4

 

 

 

 

 

CONDO/TOWNHOUSE COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (11)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

139 55th(4)Bed.,(2)Bth. North $469,000. SAME $435,000. 7/16/08 76

134 34th(4)Bed.,(2)Bth. East 610,000. SAME 585,000. 7/11/08 65

4607 Central(4)Bed.,(2.5)Bth. South 669,000. SAME 625,000. 7/9/08 56

* 4605 Park(5)Bed.,(3.5)Bth. North 689,000. 688,000. 625,000. 7/31/08 203

124 50th(4)Bed.,(3.5)Bth. West 759,000. 729,000. 680,000. 7/10/08 296

126 66th(5)Bed.,(3.5)Bth. West 749,000. SAME 715,000. 7/29/08 28

5100 Landis(4)Bed.,(3.5)Bth. North 799,000. 749,000. 722,000. 7/31/08 86

* 5501 Central(5)Bed.,(4)Bth. West 779,000. 759,000. 754,000. 7/1/08 230

8 65th(5)Bed.,(4)Bth. West 1,249,900. 1,190,000. 1,100,000. 7/1/08 232

* 30 76th(5)Bed.,(4.5)Bth. West 1,249,000. SAME 1,150,000. 7/16/08 175

2305 Landis(4)Bed.,(3.5)Bth. South 1,650,000. 1,350,000. 1,200,000. 7/16/08 544

(*) NEW CONSTRUCTION = 3

(9,671,000.) (9,211,000.) (8,591,000.) (1,991)

Average Original Average REDUCED Average SOLD Average Days on

List Price = $879,182. List Price = $837,364. Price = $781,000. Market = 181

-         Difference between ORIGINAL List Price and SOLD Price = (11%)

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 8/5/2008) = (260)

RESIDENTIAL 25

LOTS / LAND 5

COMMERCIAL 7

MULTI-FAMILY 6

CONDO/TOWNHOUSE 217

 

 

AUGUST, 2008 SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (0)

RESIDENTIAL COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5306 Pleasure(3)Bed.,(2.5)Bth $796,500. SAME $760,000. 8/28/08 123

25x44 irr.

9 75th(2)Bed.,(1.5)bth. 50x110 1,375,000. 1,325,000. 1,200,000. 8/22/08 104

15 49th(4)Bed.,(3.5)Bth.32x110 1,599,000. SAME 1,525,000. 8/22/08 34

 

VACANT LOTS/LAND UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (0)

VACANT LOTS/LAND COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (0)

COMMERCIAL COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

25 58th(50x110) $1,280,000. SAME $1,280,000. 8/1/08 0

 

CONDO/TOWNHOUSE UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

101 39th(3)bed.,(2)Bth. A-1stFl $439,000. SAME 87

7101 Landis(3)Bed.,(2)Bth. B-2ndFl 579,000. 539,000. 291

118 49th(4)Bed.,(3.5)Bth. West 759,000. 679,900. 200

* 7508 Central(5)Bed.,(3.5)Bth. South 739,000. 699,000. 164

354 44th(4)Bed.,(3.5)Bth. East 1,295,000. 995,000. 387

 

CONDO/TOWNHOUSE COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (10)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3918 Landis(1)Bed.,(1)Bth. #105 $169,000. SAME $158,000. 8/11/08 119

238 37th(3)Bed.,(1.5)Bth. North 469,900. 449,900. 425,000. 8/18/08 83

3500 N.Boardwalk(2)Bed.,(2)Bth.#520 575,000. SAME 533,500. 8/29/08 76

* 122 39th(5)Bed.,(3)Bth. East 579,000. SAME 552,500. 8/1/08 163

* 122 39th(5)Bed.,(3)Bth. West 579,000. SAME 575,000. 8/1/08 163

* 234 80th(4)Bed.,(3)Bth. East 859,000. 779,000. 765,000. 8/11/08 307

* 210 52nd(5)Bed.,(3.5)Bth. South 849,000. SAME 815,000. 8/28/08 304

* 6618 Central(5)Bed.,(3.5)Bth. W 925,000. 839,900. 815,000. 8/8/08 406

4409 Venicean(4)Bed.,(3)Bth. North 949,000. 895,000. 825,000. 8/20/08 162

* 137 73rd(4)Bed.,(3.5)Bth. East 825,000. SAME 835,000. 8/18/08 312

(*) NEW CONSTRUCTION = 6

(6,778,900.) (6,539,800.) (6,299,000.) (2,095)

Average Original Average Reduced Average SOLD Average Days on

List Price = $677,890. List Price = $653,980. Price = $629,900. Market = 209

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

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

 

 

TOTAL SEA ISLE CITY SALE INVENTORY(AS OF 9/9/2008) = (278)

RESIDENTIAL 25

LOTS/LAND 5

COMMERCIAL 8

MULTI-FAMILY 8

CONDO/TOWNHOUSE 232