JULY, 2008 STONE HARBOR, NJ:

 

RESIDENTIAL UNDER CONTRACT: 7/1/2008 TO 7/31/2008 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

344 89th (3)Bed.,(2)Bth. 35x110 $875,000. $849,000. 164

271 85th (3)Bed.,(1.5)Bth. 50x110 1,095,000. 999,500. 207

11013 Sunset(3)Bed.,(1.5)Bth.35x130 2,100,000. 1,599,000. 717

* 253 82nd(5)Bed.,(4)Bth. 50x110 2,168,000. 1,895,000. 302

20 100th(5)Bed.,(3)Bth. 50x110 2,395,000. SAME 97

* 10116 Sunrise(4)Bed.,(3.5)Bth. 71x87 2,595,000. SAME 46

(*) NEW CONSTRUCTION = 2

RESIDNETIAL COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

* 309 109th(4)Bed.,(3.5)Bth. $2,495,000. $2,195,000. $1,790,000. 7/3/08 851

345 104th(4)Bed.,(3.5)Bth. 3,250,000. 2,950,000. 2,700,000. 7/29/08 236

(*) NEW CONSTRUCTION = (1)

(5,745,000.) (5,145,000.) (4,490,000.) (1,087)

Average Original Average Reduced Average SOLD Average Days on

List Price = $2,872,500. List Price = $2,572,500. Price = $2,245,000.) Market = 544

-         Difference between ORIGINAL List Price and SOLD Price =(22%)

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

 

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

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 = (0)

MULTI-FAMILY COMPARABLE SALES: 7/1/2008 TO 7/31/2008 = (0)

 

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

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

9816 Second Ave.(1)Bed.,(1)Bth. Unit#11 $325,000. SAME 48

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 8/4/2008) = (234)

RESIDENTIAL 114

LOTS/LAND 11

COMMERCIAL 8

MULTI-FAMILY 23

CONDO/TOWNHOUSE 78

AUGUST, 2008 STONE HARBOR, NJ:

 

RESIDENTIAL UNDER CONTRACT: 8/1/2008 TO 8/31/2008 = (2)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

294 86th Street(3)Bed.,(1.5)Bth. $899,000. $849,000. 298

260 93rd Street(4)Bed.,(3/2)Bth. 1,700,000. 1,550,000. 348

 

RESIDENTIAL COMPARABLE SALES: 8/1/2008 TO 8/31/2008 = (5)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

271 85th(3)Bed.,(1.5)Bth $1,095,000. $999,500. $990,000. 8/22/08 262

11013Sunset(3)Bed.,(1.5)Bth 2,100,000. 1,599,000. 1,490,000. 8/15/08 782

* 10116 Sunrise(4)Bed.,(3.5)Bth 2,595,000. SAME 2,400,000. 8/12/08 67

309 114th(5)Bed.,(3)Bth. 2,695,000. SAME 2,500,000. 8/11/08 266

10615 First(4)Bed.,(4.5)Bth. 3,295,000. SAME 2,725,000. 8/23/08 227

(*) NEW CONSTRUCTION = 1

(11,780,000.) (11,183,500.) (10,105,000.) (1,604)

Average Original Average Reduced Average SOLD Average Days on

List Price = $2,356,000. List Price = $2,236,700. Price = $2,021,000. Market = 321

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

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

 

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 = (0)

 

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 9/9/2008) = (239)

RESIDENTIAL 115

VACNT LOTS/LAND 11

COMMERCIAL 11

MULTI-FAMILY 24

CONDO/TOWNHOUSE 78