DECEMBER - 2008 - STONE HARBOR,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 12/1/2008 TO 12/31/2008 = (1)

                                                               ORIGINAL          REDUCED          DAYS

ADDRESS                                             LIST PRICE        LIST PRICE       ON MARKET

* 10602 Corinthian Pl. (5)Bed.,(4)Bth.  $3,695,000.               SAME                91

    NEW CONSTRUCTION – 60’x120’ Lot

 

RESIDENTIAL – COMPARABLE SALES: 12/1/2008 TO 12/31/2008 = (1)

                                                ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                              LIST PRICE         PRICE     PRICE       DATE        onMkt

*10602 Corinthian(5)Bed.,(4)Bth.  $3,695,000.     SAME     $3,000,000.   12/31/08     104

(*) NEW CONSTRUCTION = (1)

 

VACANT LOTS / LAND – UNDER CONTRACT: 12/1/2008 TO 12/31/2008 = (0)

VACANT LOTS / LAND – COMPARABLE SALES: 12/1/2008 TO 12/31/2008 = (0)

 

COMMERCIAL – UNDER CONTRACT: 12/1/2008 TO 12/31/2008 = (0)

COMMERCIAL – COMPARABLE SALES: 12/1/2008 TO 12/31/2008 = (1)

                                                  ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                               LIST PRICE     PRICE           PRICE      DATE          onMkt

272 96th St. 685 sq.ft.                $650,000.           SAME            $575,000.   12/22/08         44

“Love the Cook” (Tenant) – not for sale, it is the store that sold.

 

MULTI-FAMILY – UNDER CONTRACT: 12/1/2008 TO 12/31/2008 = (0)

MULTI-FAMILY – COMPARABLE SALE: 12/1/2008 TO 12/31/2008 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 12/1/2008 TO 12/31/2008 = (1)

                                                                            ORIGINAL          REDUCED          DAYS

ADDRESS                                                          LIST PRICE        LIST PRICE       onMkt

234 84th (3)Bed.,(2.5)Bth. North                        $1,150,000.            $650,000.               655

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 12/1/2008 TO 12/31/2008 = (2)

                                                       ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                     LIST PRICE     PRICE          PRICE        DATE       onMkt

235 99th (2)Bed.,(1)Bth. #C           $549,000.          $499,000.        $460,000.    12/5/08        305

9725 Third (3)Bed.,(2.5)Bth. #C  1,675,000.            999,000.          900,000.    12/1/08        282

                                                    (2,224,000.)      (1,498,000.)    (1,360,000.)                       (587)

Average Original               Average Reduced               Average Sold               Average Days

List price = $1,112,000.     List Price = $749,000.        Price = $680,000.         on Market = 293

-         Difference between ORIGINAL List Price and SOLD Price = (39%)

-         Difference between ORIGINAL List Price and REDUCED Price = (33%)        

 

 

 

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 1/3/2009) = 188

RESIDENTIAL                                                       104

VACANT LOTS / LAND                                       7

COMMERCIAL                                                      7

MULTI-FAMILY                                                    19

CONDO / TOWNHOUSE                                       51