2011 JANUARY SEA ISLE CITY,NJ:

 

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

RESIDENTIAL COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

210 55th St. (3)Bed.,(2)Bth. $800,000. $749,000. $730,000. 1/7/11 174

Average Original Average Reduced Average Sold Average Days on

List Price = $800,000. List Price = $749,000. Price = $730,000. Market = 174

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

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

 

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

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

 

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

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

 

MULTI-FAMILY UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

10 50th St. (5/5/4)Bed., (4/3/2.5)Bth. 46x110 $2,599,000. SAME 34

 

MULTI-FAMILY COMPARABLE SALES: 1/1/2011 TYO 1/31/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (8)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

113 65TH (3)Bed.,(2)Bth. #204 $419,000. $409,500. 86

*4601 Landis (3)Bed.,(2)Bth. #C 440,000. SAME 97

227 80th (4)Bed.,(2)Bth. West 495,000. SAME 93

26 73rd St. (4)Bed.,(2.5)Bth. East 635,000. 599,000. 13

3605 Landis (5)Bed.,(3)Bth. South 650,000. SAME 116

3204 Landis (4)Bed.,(3.5)Bth. North 699,000. 679,000. 88

*6608 Landis (5)Bed.,(3.5)Bth. North 689,000. SAME 168

7002 Landis (5)Bed.,(4/2)Bth. West 725,000. SAME 123

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (10)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4315 Landis (3)Bed.,(1)Bth. #2W $399,000. $299,900. $235,000. 1/28/11 869

3510 Central (3)Bed.,(1)Bth. #5 315,000. 299,000. 266,000. 1/22/11 516

125 89th (3)Bed.,(1.5)Bth. 1st Fl 474,900. 425,000. 370,000. 1/28/11 277

6310 Emmeus (4)Bed.,(2.5)Bth. So. 675,000. 539,000. 500,000. 1/14/11 399

224 38th (5)Bed.,(3)Bth. West 549,900. SAME 530,000. 1/28/11 101

138 65th (4)Bed.,(2.5)Bth. East 649,000. 579,000. 545,000. 1/6/11 238

 

 

5110 Central (4)Bed.,(2.5)Bth. No. 610,000. SAME 585,000. 1/31/11 133

5200 Landis (4)Bed.,(3)Bth. No. 730,000. 679,900. 635,000. 1/21/11 294

110 60th (4)Bed.,(3.5)Bth, East 775,000. 765,000. 731,000. 1/18/11 138

331 47th Pl (4)Bed.,(3.5)Bth. East 854,900. SAME 855,000. 1/3/11 62

(6,032,700.) (5,601,600.) (5,252,000.) (3,027)

Average Original Average Reduced Average Sold Average Days on

List Price = $603,270. List Price = $560,160. Price = $525,200. Market = 303

-          -          Difference between ORIGINAL List Price and SOLD Price = (13%)

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 2/4/2011) = 323

RESIDENTIAL 17

LOTS/LAND 8

COMMERCIAL 4

MULTI-FAMILY 11

CONDO/TOWNHOUSE 283

 

2011 FEBRUARY SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 2/1/11 TO 2/28/11 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

21 46th (5)Bed.,(4/2)Bth. $1,829,000. $1,650,000. 147

 

RESIDENTIAL COMPARABLE SALES: 2/1/11 TO 2/28/11 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

37 85th (5)Bed.,(3.5)Bth. 40x107 $1,259,000. $1,050,000. $927,000. 2/10/11 762

 

Average Original Average Reduced Average Sold Average Days on

List Price = $1,259,000. List price = $1,050,000. Price = $927,000. Market = 762

-          -          Difference between ORIGINAL List Price and SOLD Price = (26%)

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

 

LOTS/LAND UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

LOTS/LAND COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

 

 

 

COMMERCIAL UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

COMMERCIAL COMPARABLE SALE: 2/1/11 TO 2/28/11 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

4117 Landis 30x110 $659,017. $550,017. $400,000. 2/8/11 736

-          -          Plans Approved for Commercial-1st fl. / Residential-2nd fl. Two Units

Average Original Average Reduced Average Sold Average Days on

List Price = $659,017. List Price = $550,017. Price = $400,000. Market = 736

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

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

 

MULTI-FAMILY UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

MULTI-FAMILY COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 2/1/11 TO 2/28/11 = (19)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

114 38th (2)Bed.,(1)Bth. #3 $275,000. SAME 6

4114 Central(2)Bed.,(1)Bth. #217 294,999. SAME 45

4100 Boardwlk(2)Bed.,(1)Bth. SeaShell4D 399,900. 379,000. 99

4100 Boardwlk(2)Bed.,(1)Bth. SeaShell3B 475,000. 399,000. 142

*4009 Landis(3)Bed.,(2)Bth. #6 429,000. SAME 58

3700 Boardwlk(2)Bed.,(2)Bth. #806 440,000. SAME 12

141 80th(4)Bed.,(3)Bth. West 559,000. SAME 64

110 74th(4)Bed.,(3)Bth. East 599,000. SAME 9

7701 Landis(4)Bed.,(2.5)Bth. East 669,000. 599,000. 75

138 42nd(4)Bed.,(3.5)Bth. East 599,000. SAME 2

*132 W.JerseyAve(6)Bed.,(4.5)Bth. West 599,000. SAME 170

324 43rdPl(3)Bed.,(2)Bth. 1stFl 950,000. 600,000. 749

15 73rd (4)Bed.,(2.5)Bth. West 625,000. SAME 45

5412 Central(4)Bed.,(2.5)Bth. East 649,900. 630,000. 139

*105 74th (5)Bed.,(4.5)Bth. West 769,900. 749,900. 206

4010 Pleasure(4)Bed.,(4)Bth. #1 995,000. 849,000. 555

*37 81st (6)Bed.,(4.5)Bth. West 979,000. 947,900. 160

*4612 Park(50Bed.,(4.5)Bth. South 1,325,000. SAME 55

*3200Boardwlk(5)Bed.,(3.5)Bth. North 1,950,000. 1,795,000. 652

(6)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 2/1/11 TO 2/28/11 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5804 Landis(2)Bed.,(1)Bth. 2ndFl $225,000. SAME $220,000. 2/25/11 73

113 65th (3)Bed.,(2)Bth. #204 419,000. 409,500. 398,000. 2/25/11 146

*4601 Landis(3)Bed.,(2)Bth. #C 440,000. SAME 420,000. 2/15/11 133

227 80th (4)Bed.,(2)Bth. West 495,000. SAME 468,000. 2/28/11 148

26 73rd (4)Bed.,(2.5)Bth. East 635,000. 599,000. 580,000. 2/18/11 47

7002 Landis (5)Bed.,(4/2)Bth. West 725,000. SAME 710,000. 2/18/11 147

122 75th (4)Bed.,(3/2)Bth. West 749,900. SAME $722,500. 2/16/11 62

201 67th (5)Bed.,(3.5)Bth. West 799,000. SAME 775,000. 2/25/11 143

17 75th (4)Bed.,(3.5)Bth. West 999,000. SAME 932,500. 2/28/11 62

*37 81st (5)Bed.,(40Bth. East 989,000. 979,500. 960,000. 2/18/11 259

9 85th (4)Bed.,(3)Bth. North 1,269,900. SAME 1,185,000. 2/11/11 126

*2401 Landis(4)Bed.,(4.5)Bth. South 2,100,000. 1,950,000. 1,775,000. 2/28/11 368

(3)NEW CONSTRUCTION

(9,845,800.) (9,640,800.) (9,146,000.) (1,714)

Average Original Average Reduced Average Sold Average Days on

List price = $820,483. List Price = $803,400. Price = $762,167. Market = 143

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 3/6/11) = 352

RESIDENTIAL 19

LOTS/LAND 9

COMMERCIAL 7

MULTI-FAMILY 10

CONDO/TOWNHOUSE 307

 

 

2011- MARCH SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

RESIDENTIAL COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

LOTS/LAND UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

LOTS/LAND COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

COMMERCIAL COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

108 84th St: (2/2)Bed.,(1/1)Bth. 40x100 $550,000. $525,000. 100

 

MULTI-FAMILY COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

244 38th St. (4/2)Bed.,(2/1)Bth. $599,000. $529,000. $475,000. 3/25/11 249

Average Original Average Reduced Average Sold Average Days on

List Price = $599,000. List Price = $529,000. Price = $475,000. Market = 249

-          -          Difference between ORIGINAL List Price and SOLD Price = (21%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (12%)

CONDO/TOWNHOUSE UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (11)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

3700 Boardwalk (2)Bed.,(2)Bth. #807-S $451,000. SAME 47

138 50th (4)Bed.,(2)Bth. East 549,900. 535,900. 232

19 W. 66th (5)Bed.,(2/2)Bth. West 729,000. 549,000. 553

*244 W. 38th (6)Bed.,(4.5)Bth. West 589,000. SAME 1

112 52nd (5)Bed.,(3.5)Bth. East 773,900. 715,000. 158

25 75th (5)Bed.,(3)Bth. East 895,000. 725,000. 596

25 81st (5)Bed.,(2.5)Bth. East 795,000. 735,000. 30

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

14 76th (4)Bed.,(3)Bth. East 749,000. SAME 72

13 65th (5)Bed.,(3.5)Bth. East 999,000. 869,000. 317

*116 87th (5)Bed.,(4.5)Bth. East 975,000. SAME 72

(2)NEW CONSTRUCTION

CONDO/TOWNHOUSE COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (16)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3918 Landis(1)Bed.,(1)Bth. #104 $179,000. SAME $171,000. 3/25/11 39

114 38th (2)Bed.,(1)Bth. #3 275,000. SAME 250,000. 3/11/11 49

4100 Boardwlk(2)Bed.,(1)Bth. #3B 475,000. 399,000. 360,000. 3/23/11 172

230 78th (4)Bed.,(2)Bth. 1stFl 535,000. 509,900. 475,000. 3/5/11 141

324 43rdPl(3)Bed.,(2)Bth. 1stFl 950,000. 600,000. 475,000. 3/29/11 781

141 80th (4)Bed.,(3)Bth. West 559,000. SAME 530,000. 3/18/11 105

*347 40th (5)Bed.,(3.5)Bth. South 589,000. SAME 555,000. 3/30/11 345

7701 Landis(4)Bed.,(2.5)Bth. East 669,000. 599,000. 568,000. 3/31/11 133

110 74th (4)Bed.,(3)Bth. East 599,000. SAME 595,000. 3/31/11 68

3605 Landis(5)Bed.,(3)Bth. South 650,000. SAME 625,000. 3/11/11 172

3204 Landis(4)Bed.,(3.5)Bth. North 699,000. 679,000. 652,000. 3/15/11 139

*105 74th(5)Bed.,(4.5)Bth. West 769,900. 749,900. 725,000. 3/18/11 245

37 77th (4)Bed.,(3)Bth. 1st Fl 869,000. 799,500. 740,000. 3/25/11 346

*129 58th (5)Bed.,(3.5)Bth. West 779,000. SAME 750,000. 3/25/11 227

*37 81st (6)Bed.,(4.5)Bth. West 979,000. 947,900. 900,000. 3/26/11 193

*3200 Boardwlk(5)Bed.,(3.5)Bth. No. 1,950,000. 1,795,000. 1,450,000. 3/4/11 732

(5)NEW CONSTRUCTION

(11,525,900.) (10,709,200.) (9,821,000.) (3,887)

Average Original Average Reduced Average Sold Average Days on

List Price = $720,369. List Price = $669,325. Price = $613,812. Market = 243

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

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

 

 

 

TOTAL SEA ISLE CITY, NJ SALE INVENTORY (AS OF 4/15/11) = 363

RESIDENTIAL 21

LOTS/LAND 9

COMMERCIAL 8

MULTI-FAMILY 10

CONDO/TOWNHOUSE 315