OCTOBER-2008-SEA ISLE CITY,NJ:

 

RESIDENTIAL UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

137 56th(4)Bed.,(1.5)Bth. 50x150 $869,000. SAME 43

 

RESIDENTIAL COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

 

LOTS / LAND UNDER CONTRACT: OCT. 1ST, 2008 TO OCT, 31ST, 2008 = (0)

LOTS / LAND COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

 

COMMERCIAL UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

COMMERCIAL COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

11 43rd ST: $65,000. $25,000. $20,000. 10/30/08 392

Mickey & Jakes Deli Promenade Shops Outside seating-10 to 12 Inside Seats 10.

 

MULTI-FAMILY UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

MULTI-FAMILY COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: OCT. 1ST TO OCT. 31ST, 2008 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

5813 Central(4)Bed.,(2)Bth. 1stFloor $528,000. SAME 15

116 88th(4)Bed.,(3.5)Bth. East 799,000. SAME 94

* 114 72nd(5)Bed.,(3)Bth. West 799,000. SAME 173

* 138 78th(5)Bed.,(3.5)Bth. 829,000. 815,000. 251

4478 Venicean(4)Bed.,(2.5)Bth. South 1,575,000. 1,195,000. 159

(*) 2 = NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: OCT. 1ST TO OCT. 31ST, 2008 = (11)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

101 47th(3)Bed.,(2)Bth. #C $429,000. SAME $400,000. 10/31/08 63

6412 Landis(3)Bed.,(2)Bth. #210 499,000. SAME 470,000. 10/31/08 53

4100 Boardwlk(2)Bed.,(1.5)Bth.#1A 529,000. 495,000. 487,425. 10/15/08 54

118 34th(4)Bed.,(2)Bth. West 549,000. 539,000. 517,000. 10/17/08 91

6609 Central(4)Bed.,(3)Bth. South 579,000. 565,000. 530,000. 10/30/08 35

 

 

 

 

 

26 47th(4)Bed.,(2)Bth. West 739,000. 699,000. 643,500. 10/31/08 484

6604 Pleasure(4)Bed.,(2.5)Bth.South 899,000. 699,000. 650,000. 10/30/08 200

6422 Central(4)Bed.,(3)Bth. South 739,000. 699,000. 672,500. 10/24/08 167

* 119 49th(4)Bed.,(3.5)Bth. West 829,000. 729,999. 675,000. 10/10/08 529

* 114 72nd(5)bed.,(3)Bth. East 799,000. SAME 785,000. 10/15/08 167

* 33 75th(5)Bed.,(3.5)Bth. East 899,000. SAME 847,000. 10/14/08 89

(*) 3 NEW CONSTRUCTION

(7,489,000.) (7,051,999.) (6,647,425.) (1,932)

Average Original Average Reduced Average Sold Average Days

List Price = $680,818. List Price = $641,091. Price = $604,311. on Market = 176

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

-         Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 11/4/2008) = 321

RESIDENTIAL 25

LOTS / LAND 8

COMMERCIAL 4

MULTI-FAMILY 12

CONDO / TOWNHOUSE 272

 

TOTAL SEA ISLE CITY SALE INVENTORY:

-         JULY, 2008 = 260

-         AUGUST, 2008 = 278

-         SEPTEMBER, 2008 = 315

 

NOVEMBER-2008-SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

33 82ND St(3)Bed.,(1)Bth. 60x110 $1,150,000. SAME 16

 

RESIDENTIAL COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE ON MKT.

131 40TH(4)BED.,(1.5)Bth. $500,000. SAME $350,000. 11/21/08 87

 

LOTS/LAND UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

LOTS/LAND COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

COMMERCIAL COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

 

 

MULTI-FAMILY UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

34 34TH (3)Bed.,(2)Bth. #309 $429,777. $369,900. 447

3502 Landis(3)Bed.,(2)Bth. #6 469,000. 399,000. 363

7300 Central(3)Bed.,(2)Bth. #C-Rear 589,000. SAME 42

9205 Pleasure(2)Bed.,(2)Bth. #202 649,900. 609,900. 86

* 21 48th(5)Bed.,(4)Bth. South 1,019,000. SAME 86

(1) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (4)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

8601 Landis(1)Bed.,(1)Bth.2ndFl $269,900. SAME $259,900. 11/7/08 144

5612 Landis(2)Bed.,(1)Bth.A-1stFl 324,900. SAME 315,000. 11/14/08 73

6318 Central(3)Bed.,(2)Bth. 1st-No. 649,902. 429,000. 385,000. 11/28/08 50

3817 Central(3)Bed.,(1.5)Bth. 1stFl 495,000. 459,900. 425,000. 11/29/08 239

(1,739,702.) (1,483,700.) (1,384,900.) (506)

Average Original Average Reduced Average Sold Average Days

List Price = $434,925. List Price = $370,925. Price = $346,225. on Market =126

-         Difference between Original List Price and SOLD Price = (20%)

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 12/14/2008) = 318

RESIDENTIAL 19

LOTS/LAND 8

COMMERCIAL 8

MULTI-FAMILY 15

CONDO/TOWNHOUSE 268