2008 YEAR-END STONE HARBOR, NJ:

 

RESIDENTIAL:

                   Average Original          Average Reduced          Average Sold          Average Days

                   List Price                       List Price                        Price                        on Market

1ST QTR.    $ 3,111,361.                   $ 2,814,106.                    $ 2,498,389.                     214

2ND QTR.      2,635,394.                      2,474,950.                       2,300,244.                     227

3RD QTR.      2,287,583.                      2,087,567.                       1,884,500.                     420

4TH QTR.      2,395,250.                      2,352,350.                       1,981,117.                     284

                     (10,429,588.)                  (9,728,973.)                    (8,664,250.)                  (1,145)

 

AVERAGES: $ 2,607,397.                $ 2,432,243.                    $ 2,166,062.                    286

-         Difference between ORIGINAL List Price and SOLD Price = (17%)

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

 

1ST QTR. RESIDENTIAL SALES = 9

2ND QTR. RESIDENTIAL SALES = 12

3RD QTR. RESIDENTIAL SALES = 11

4TH QTR. RESIDENTIAL SALES = 10

TOTAL RESIDENTIAL SALES = (42) ELEVEN (11) NEW CONSTRUCTION HOMES

 

CONDO/TOWNHOUSES:

                   Average Original          Average Reduced          Average Sold          Average Days

                   List Price                       List Price                        Price                        on Market

1ST QTR.    $ 492,667.                      $ 492,667.                       $ 458,333.                      68

2ND QTR.   1,148,389.                      1,032,222.                          971,222.                     350

3RD QTR.      327,300.                         419,333.                          372,500.                     192

4TH QTR.      703,167.                         549,333.                          508,333.                     170

                      (2,671,523.)                 (2,493,555.)                      (2,310,388.)               (780)

 

AVERAGES: $ 667,881.                   $ 623,389.                      $ 577,597.                    195

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

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

 

1ST QTR. CONDO/TOWNHOUSE SALES = 3

2ND QTR. CONDO/TOWNHOUSE SALES = 6

3RD QTR. CONDO/TOWNHOUSE SALES = 3

4TH QTR. CONDO/TOWNHOUSE SALES = 3

TOTAL CONDO/TOWNHOUSE SALES = (15)

                                                                             TWO (2) NEW CONSTRUCTION UNITS

 

 

 

 

 

STONE HARBOR PAST YEAR COMPARISONS:

 

RESIDENTIAL:                          2005                      2006                     2007                     2008

 

TOTAL SALES:                             80                         43                         59                         42

 

AVERAGE LIST PRICE:   $ 2,197,175.          $ 2,382,460.         $ 2,262,034.         $ 2,607,397.

 

AVERAGE SALE PRICE:  $ 2,120,535.          $ 2,260,221.         $ 1,905,067.        $ 2,166,062.

 

% SALE PRICE TO LIST PRICE:  4%                  5%                       16%                      17%

 

AVERAGE DAYS ON MARKET:    209                  202                       263                        286

 

CONDO-

TOWNHOUSE:                             2005                      2006                     2007                      2008

 

TOTAL SALES:                              41                            33                         19                        15

 

AVERAGE LIST PRICE:     $ 748,546.                $ 705,776.           $ 817,777.           $ 667,881.

 

AVERAGE SALE PRICE:    $ 731,799.                $ 676,164.           $ 646,934.          $ 577,597.

 

% SALE PRICE TO LIST PRICE:   2%                       4%                    21%                    18%

 

AVERAGE DAYS ON MARKET:    119                        181                   182                      195

 

STONE HARBOR TOTAL SALES:    2005               2006                     2007                     2008

(ALL CLASSES)                                       131                  87                        89                          67

RESIDENTIAL

LOTS/LAND

COMMERCIAL

MULTI-FAMILY

CONDO/TOWNHOUSE

 

NOTE:

All sale statistics are based upon information submitted to our Greater Cape May Board of Realtors MLS Service