4TH QUARTER STONE HARBOR, NJ 2008 STATISTICS:

 

RESIDENTIAL:                UNDER CONTRACT            COMPARABLE SALES

OCTOBER                                        1                                                     5

NOVEMBER                                    0                                                     4

DECEMBER                                     1                                                     1

(2)                                                                                                        (10)

                         ORIGINAL List Price      REDUCED List Price     SOLD Price  Days onMkt

OCTOBER        $1,592,000.                         $1,492,800.                     $1,325,350.            316

NOVEMBER      1,898,750.                           1,866,250.                       1,618,000.            433

DECEMBER       3,695,000.                           3,695,000.                       3,000,000.            104

 

4th QUARTER

AVERAGE:        $ 2,395,250.                     $ 2,352,350.                     $ 1,981,117.             284

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

-         Difference between ORIGINAL List Price and REDUCED Price = (2%)

 

CONDO/TOWNHOUSE:     UNDER CONTRACT            COMPARABLE SALES

OCTOBER                                            1                                                  1

NOVEMBER                                        -0-                                               -0-

DECEMBER                                         1                                                  2

(2)                                                                                                  (3)

                       ORIGINAL List Price     REDUCED List Price     SOLD Price    Days on Mkt

OCTOBER           $997,500.                            $899,000.                   $845,000.              217

NOVEMBER            -0-                                       -0-                              -0-

DECEMBER        1,112,000.                             749,000.                     680,000.               293

 

4TH QUARTER

AVERAGE:         $ 703,167.                             $ 549,333.                  $ 508,333.             170

-         Difference between ORIGINAL List Price and SOLD Price = (28%)

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