2011 APRIL SEA ISLE CITY,NJ:

 

RESIDENTIAL UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

RESIDENTIAL COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

21 46th (5)Bed.,(4/2)Bth. 50x110 $1,829,000. $1,650,000. $1,500,000. 4/29/11 209

-          -          Difference between ORIGINAL List Price and SOLD Price = (18%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (10%)

 

LOTS/LAND UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

207 90TH (3,140SQ.FT.) $599,000. $499,000. 149

 

LOTS/LAND COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

COMMERCIAL COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

19 52nd (4/4)Bed.,(2/2)Bth. 52x97 $1,299,000. SAME $1,200,000. 4/8/11 83

10 50th (5/5)Bed.,(4/3)Bth. 46x110 2,599,000. SAME 2,100,000. 4/16/11 272

(3,898,000.) (3,898,000.) (3,300,000.) (355)

Average Original Average Reduced Average SOLD Average Days on

List Price = $1,949,000. List Price = $1,949,000. Price = $1,650,000. Market = 177

-          -          Difference between ORIGINAL List Price and SOLD Price = (15%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (13)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

132 39th (2)Bed.,(1)Bth. 2ndFl $274,900. SAME 22

6318 Central (3)Bed.,(2)Bth. #3-North 375,000. SAME 9

6300 Landis (2)Bed.,(2)Bth. North 435,000. SAME 121

5512 Roberts (4)Bed.,(2)Bth. East 544,900. 498,000. 190

121 71st (4)Bed.,(2.5)Bth. East 598,500. 593,500. 129

229 55th (4)Bed.,(2.5)Bth. West 649,900. SAME 65

*102 70th (5)Bed.,(4/2)Bth. East 725,000. SAME 193

133 51st (4)Bed.,(3.5)Bth. East 749,999. SAME 21

*25 62nd (6)Bed.,(4.5)Bth. West 929,000. 919,000. 200

*25 62nd (6)Bed.,(4.5)Bth. East 929,000. 919,000. 200

*116 87th (5)Bed.,(4.5)Bth. West 945,000. 939,000. 105

*33 77th (4)Bed.,(3/2)Bth. West 1,099,000. 999,000. 80

2201 Landis (5)Bed.,(3.5)Bth. South 1,529,000. 1,099,000. 298

(5)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (17)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5214 Landis (2)Bed.,(1.5)Bth. #C $269,000. SAME $252,500. 4/29/11 218

121 39th (2)Bed.,(1)Bth. 2ndFl 283,000. SAME 265,000. 4/6/11 79

4114 Central (2)Bed.,(1)Bth. #217 294,999. SAME 265,000. 4/8/11 95

4100 Boardwlk (2)Bed.,(1)Bth. #4D 399,900. 379,000. 360,000. 4/8/11 151

*4009 Landis (3)Bed.,(2)Bth. #6 429,000. SAME 405,000. 4/29/11 140

3700 Boardwlk (2)Bed.,(2)Bth. #806 440,000. SAME 426,850. 4/15/11 66

3315 Central (4)Bed.,(2)Bth. North 549,000. 499,000. 450,000. 4/21/11 198

138 50th (4)Bed.,(2)Bth. East 549,900. 535,900. 485,000. 4/22/11 274

*4009 Landis (3)Bed.,(3)Bth. #1 519,999. SAME 492,000. 4/15/11 74

5412 Central (4)Bed.,(2.5)Bth. East 649,900. 630,000. 590,000. 4/20/11 200

*113 36th (6)Bed.,(3/2)Bth. East 599,000. SAME 590,000. 4/29/11 211

19 52nd (4)Bed.,(2)Bth. 1stFl 675,000. SAME 600,000. 4/8/11 82

15 73rd (4)Bed.,(2.5)Bth. West 625,000. SAME 603,000. 4/29/11 111

112 52nd (5)Bed.,(3.5)Bth. East 773,900. 715,000. 680,000. 4/29/11 217

14 76th (4)Bed.,(3)Bth. East 749,000. SAME 700,000. 4/21/11 110

341 47th (4)Bed.,(4)Bth. #A 749,000. SAME 759,000. 4/15/11 100

4010 Pleasure (4)Bed.,(4)Bth. #1 995,000. 849,000. 843,000. 4/22/11 608

(3)NEW CONSTRUCTION

(9,550,598.) (9,240,898.) (8,766,350.) (2,934)

Average Original Average Reduced Average SOLD Average Days on

List Price = $561,800. List Price = $543,582. Price = $515,668. Market = 173

-          -          Difference between ORIGINAL List Price and SOLD Price = (8%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (3%)

 

TOATL SEA ISLE CITY SALE INVENTORY (AS OF 5-6-11) = 350

RESIDENTIAL 20

LOTS/LAND 8

COMMERCIAL 8

MULTI-FAMILY 10

CONDO/TOWNHOUSE 304

 

 

2011 MAY SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

RESIDENTIAL COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

LOTS/LAND: UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

LOTS/LAND COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

COMMERCIAL UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

COMMERCIAL COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

MULTI-FAMILY COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

108 84th (2/2)Bed.,(1/1)Bth. 40x100 $550,000. $525,000. $500,000. 5/6/11 160

-          -          Difference between OIGINAL List Price and SOLD Price = (9%)

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

 

CONDO/TOWNHOUSE UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (12)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

3508 Central (3)Bed.,(1.5)Bth. 2ndFl $429,000. $379,000. 85

3700 Boardwalk So (2)Bed.,(2)Bth. #602-S 455,000. 399,000. 428

3814 Landis (4)Bed.,(3)Bth. Unit 1 474,900. 459,000. 148

9114 Landis (4)Bed.,(2)Bth. West 559,900. 549,900. 182

*244 38th (6)Bed.,(4.5)Bth. East 589,000. SAME 52

214 81st (4)Bed.,(3)Bth. East 599,000. 595,000. 220

*132 West Jersey (5)Bed.,(3/2)Bth. East 599,000. 575,000. 261

*132 West Jersey (6)Bed.,(4.5)Bth. West 599,000. 575,000. 285

50 79th (4)Bed.,(2.5)Bth. South 675,000. 650,000. 197

118 54th (4)Bed.,(3.5)Bth. West 699,000. 655,000. 249

85 85th (4)Bed.,(3.5)Bth. #5 799,999. SAME 237

11 48th (4)Bed.,(3.5)Bth. South 1,399,000. 1,250,000. 351

(3)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (18)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

132 39th (2)Bed.,(1)Bth. 2ndFl.W $274,900. SAME $230,000. 5/6/11 39

6318 Central (3)Bed.,(2)Bth. 3-No. 375,000. SAME 355,000. 5/20/11 53

 

3700 Boardwlk (2)Bed.,(2)Bth. #807-S 451,000. SAME 415,000. 5/25/11 107

512 Roberts (4)Bed.,(2)Bth. East 544,900. 498,000. 480,000. 5/13/11 211

19 66th (5)Bed.,(2/2)Bth. West 729,000. 549,000. 540,000. 5/13/11 602

121 71st (4)Bed.,(2.5)Bth. East 598,500. 593,500. 575,000. 5/19/11 177

229 55th (4)Bed., (2.5)Bth. West 649,900. SAME 620,000. 5/19/11 92

4415 Venicean (3)Bed.,(2.5)Bth. So. 650,000. SAME 625,000. 5/13/11 73

*313 57th (4)Bed.,(3.5)Bth. East 699,000. SAME 667,500. 5/12/11 84

*102 70th (5)Bed.,(4/2)Bth. East 725,000. SAME 702,500. 5/6/11 224

25 75th (5)Bed.,(3)Bth. East 895,000. 725,000. 710,000. 5/20/11 661

133 51st (4)Bed.,(3.5)Bth. East 749,999. SAME 740,000. 5/20/11 61

13 65th (5)Bed.,(3.5)Bth. East 999,000. 869,000. 835,000. 5/16/11 368

*25 62nd (60Bed.,(4.5)Bth. West 929,000. 919,000. 850,000. 5/15/11 237

*25 62nd (6)Bed.,(4.5)Bth. East 929,000. 919,000. 850,000. 5/15/11 237

*33 77th (4)Bed.,(3/2)Bth. West 1,099,000. 999,000. 870,000. 5/6/11 91

*116 87th (5)Bed.,(4.5)Bth. West 945,000. 939,000. 900,000. 5/20/11 143

2201 Landis (5)Bed.,(3.5)Bth. South 1,529,000. 1,099,000. 950,000. 5/26/11 366

(6)NEW CONSTRUCTION

(13,772,199.) (12,684,299.) (11,915,000.) (3,826)

Average Original Average Reduced Average Sold Average Days on

List Price = $765,122. List Price = $704,683. Price = $661,944. Market = 212

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

-          -          Difference between ORIGINAL List Price and REDUCED Price = (8%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 6-17-2011) = 327

RESIDENTIAL 20

LOTS/LAND 8

COMMERCIAL 20

MULTI-FAMILY 11

CONDO/TOWNHOUSE 268

 

 

2011 JUNE SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

RESIDENTIAL COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

LOTS/LAND UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

LOTS/LAND COMPAR4ABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

COMMERCIAL COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

 

 

MULTI-FAMILY UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

25 46th (2/3/3)Bed., (1/2/2)Bth. Triplex $815,000. SAME 1

 

MULTI-FAMILY COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

132 42nd (2/3)Bed.,(1/1)Bth. $389,900. SAME $352,500. 6/13/11 72

-          -          Difference between ORIGINAL List Price and SOLD Price = (10%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (11)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

61 85th (1)Bed.,(1)Bth. #A-404 $350,000. $249,900. 80

4100 Boardwlk (2)Bed.,(1)Bth. #4B 419,900. 399,900. 19

205 54th (4)Bed.,(2/2)Bth. East 469,000. 459,000. 90

9 44th (2Bed.,(2)Bth. #303 515,000. 469,000. 508

*222 46th (4)Bed.,(2/2)Bth. West 599,000. SAME 1

137 70th (4)Bed.,(3/2)Bth. East 639,000. 624,900. 134

5412 Central (4)Bed., (2.5)Bth. West 630,000. 625,000. 137

*110 65th (6)Bed.,(4.5)Bth. West 759,900. SAME 20

*110 65th (6)Bed.,(4.5)Bth. East 759,900. SAME 13

7300 Pleasure (5)Bed.,(3.5)Bth. North 899,000. 849,000. 243

2607 Landis (4)Bed.,(3)Bth. South 1,279,000. 1,199,500. 276

(3)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3508 Central (3)Bed.,(1.5)Bth. 2ndFl $429,000. $379,000. $353,330. 6/24/11 120

3700 Boardwlk(2)Bed.,(2)Bth. 602-S 455,000. 399,000. 370,000. 6/22/11 465

6300 Landis(2)Bed.,(2)Bth. North 435,000. SAME 410,000. 6/10/11 189

3500 Boardwlk(2)Bed.,(2)Bth. #223 449,000. SAME 426,000. 6/10/11 89

7108 Landis(4)Bed.,(2)Bth. South 524,900. 514,900. 485,000. 6/29/11 209

9114 Landis (4)Bed.,(2)Bth. West 559,900. 549,900. 537,000. 6/24/11 220

214 81st (4)Bed.,(3)Bth. East 599,000. 595,000. 560,000. 6/30/11 279

50 79th (4)Bed.,(2.5)Bth. South 675,000. 650,000. 590,000. 6/24/11 235

332 44th Pl.(3)Bed.,(2.5)Bth. West 749,000. 679,000. 640,000. 6/9/11 247

333 46th Pl.(4)Bed.,(2/2)Bth. West 749,000. 699,500. 675,000. 6/10/11 151

221 54th (4)Bed.,(3)Bth. East 764,500. 719,000. 707,000. 6/6/11 324

*4612 Park (5)Bed.,(4.5)Bth. South 1,325,000. SAME 1,200,000. 6/3/11 170

(1)NEW CONSTRUCTION

(7,714,300.) (7,394,300.) (6,953,330.) (2,698)

Average ORIGINAL Average REDUCED Average SOLD Average Days on

List Price = $642,858. List Price = $616,192. Price = $579,444. Market = 225

-          -          Difference between ORIGINAL List Price and SOLD Price = (10%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (4%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 7-16-11) = 306:

RESIDENTIAL 19

LOTS/LAND 8

COMMERCIAL 8

MULTI-FAMILY 14

CONDO/TOWNHOUSE 257