3RD QUARTER – STONE HARBOR,NJ – 2011 STATISTICS:

RESIDENTIAL:                                         UNDER CONTRACT                       COMPARABLE SALES

-          JULY                                                           0                                                              4

-          AUGUST                                                    1                                                              4

-          SEPTEMBER                                              7                                                              1

                                                                  (8)                                                            (9)

ORIGINAL List Price          REDUCED List Price          SOLD Price          Days on Mkt

JULY                $1,878,000.                $1,764,725.                    $1,467,500.                  312

AUGUST           1,953,500.                  1,871,000.                       1,705,562.                  157

SEPTEMBER    1,995,000.                   1,995,000.                       1,850,000.                  262

                                          

                         (5,826,500.)                 (5,630,725.)                     (5,023,062.)                (731)

3RD QUARTER

AVERAGE:        $1,942,167.                $1,876,908.                      $1,674,354.                 244

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

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

3rd QTR – NEW CONSTRUCTION – RESIDENTIAL - UNDER CONTRACT = (0)

3RD QTR – NEW CONSTRUCTION – RESIDENTIAL - COMPARABLE SALES = (0)

 

LOTS/LAND:                                                 UNDER CONTRACT                      COMPARABLE SALES

-          JULY                                                                0                                                         0

-          AUGUST                                                         0                                                         0

-          SEPTEMBER                                                   0                                                         0

 

COMMERCIAL:                                              UNDER CONTRACT                      COMPARABLE SALES

-          JULY                                                                  0                                                         0

-          AUGUST                                                           0                                                         0

-          SEPTEMBER                                                     0                                                         0

 

MULTI-FAMILY:                                              UNDER CONTRACT                      COMPARABLE SALES

-          JULY                                                                     0                                                       0

-          AUGUST                                                               0                                                      0

-          SEPTEMBER                                                         1                                                      0

 

CONDO/TOWNHOUSE:                                   UNDER CONTRACT                       COMPARABLE SALES

-          JULY                                                                         0                                                         1

-          AUGUST                                                                   1                                                         0

-          SEPTEMBER                                                             1                                                         0

                                                                                                (2)                                                      (1)

                                                                                               

 

                       ORIGINAL List Price          REDUCED List Price          SOLD Price        Days on Mkt

JULY                    $569,000.                            $379,000.                     $350,000.                 266

AUGUST                   -0-                                        -0-                                      -0-                      -0-

SEPTEMBER            -0-                                         -0-                                       -0-                     -0-

3RD QUARTER

AVERAGE:              $569,000.                         $379,000.                      $350,000.                266

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

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

3RD QTR – CONDO/TOWNHOUSE – NEW CONSTRUCTION – UNDER CONTRACT = (0)

3RD QTR – CONDO/TOWNHOUSE – NEW CONSTRUCTION – COMPARABLE SALES = (0)

 

STONE HARBOR COMPARISON – 3RD QTR: 2009-2010-2011:

                                          3RD QTR                          3RD QTR                                 3RD QTR

                                      RESIDENTIAL:2009       RESIDENTIAL: 2010          RESIDENTIAL:2011

UNDER CONTRACT:                   13                                  14                                           8

COMPARABLE SALES:                11                                  9                                             9

 

AVERAGE List Price:     $1,728,333.                  $1,687,500.                       $1,942,167.

AVERAGE Sold Price:     1,465,067.                     1,422,167.                         1,674,354.

Days on Market:                    254                                  247                                    244

 

                                           3RD QTR                              3RD QTR                               3RD QTR

                                          CONDO/TOWN:2009      CONDO/TOWN: 2010      CONDO/TOWN:2011

UNDER CONTRACT:                       4                                         1                                         2

COMPARABLE SALES:                    5                                         1                                         1

 

AVERAGE List Price:        $582,333.                          $401,333.                              $569,000.

AVERAGE SOLD Price:       521,333.                            283,333.                                 350,000.

Days on Market:                      427                                    109                                            266

 

TOTAL STONE HARBOR      3RD QTR-2009                3RD QTR-2010                    3RD QTR-2011

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

-          JULY                                     210                                    249                                    257

-          AUGUST                              207                                    249                                    249

-          SEPTEMBER                        203                                    249                                    249

3RD QTR

AVERAGE…………………….              (207)                                 (249)                                  (252)

 

 

 

 

STONE HARBOR COMPARISON – 1ST QTR – 2ND QTR – 3RD QTR – 2011:

                                          1ST QTR: 2011               2ND QTR: 2011               3RD QTR: 2011

                                           RESIDENTIAL                RESIDENTIAL                 RESIDENTIAL

UNDER CONTRACT                     11                                 9                                         8

COMPARABLE SALES                  6                                  21                                        9

 

AVERAGE list Price:          $1,616,833.                 $2,038,322.                     $1,942,167.

AVERAGE Sold Price:        $1,170,833.                 $1,850,833.                     $1,674,354.

AVERAGE Days on Mkt:            428                               168                                  244

New Construction Residential:

UNDER CONTRACT                        1                                   0                                      0

COMPARABLE SALES                     0                                   2                                      0

 

                                           1ST QTR: 2011               2ND QTR: 2011               3RD QTR: 2011

                                           CONDO/TOWN            CONDO/TOWN             CONDO/TOWN

UNDER CONTRACT                       6                                      2                                       2

COMPARABLE SALES                   4                                       4                                       1

 

AVERAGE List Price:             $466,000.                       $739,667.                     $569,000.

AVERAGE Sold Price:           $418,333.                        $675,500.                     $350,000.

AVERAGE Days on Mkt:             202                                   174                                266

 

New Construction Condominium/Townhouse:

UNDER CONTRACT                        0                                       0                                     0

COMPARABLE SALES                    0                                        0                                     0

 

TOTAL STONE HARBOR

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

1ST QTR – 2011            2ND QTR – 2011            3RD QTR – 2011            4TH QTR – 2011            .

JAN.-2011          207    -APRIL-2011     245      -JULY-2011      257       -OCT.-2011

FEB.-2011          229    -MAY-2011       248      -AUG.-2011     249       -NOV.-2011

MAR.-2011        235    -JUNE-2011      253      -SEPT.-2011     249       -DEC.-2011

1ST QTR                           2ND QTR                        3RD QTR                           4TH QTR

Average = 224                Average = (249)         Average = (252)             Average =

 

1ST QTR-2010            2ND QTR – 2010            3RD QTR – 2010            4TH QTR – 2010                .

JAN.-2010        192    -APRIL-2010       234    -JULY-2010     249       -OCT.-2010      236

FEB.-2010        209     -MAY-2010        231    -AUG.-2010    249       -NOV.-2010     277

MAR.-2010      206    -JUNE-2010        241    -SEPT.2010     249       -DEC.-2010       277

1ST QTR                         2ND QTR                         3RD QTR                          4TH QTR

Average = (202)          Average = (235)           Average = (249)             Average = (263)

 

1ST QTR – 2009            2ND QTR – 2009            3RD QTR – 2009            4TH QTR – 2009               .

JAN.-2009     202         -APRIL-2009       216    -JULY-2009      210       -OCT.-2009      186

FEB.-2009     210         -MAY-2009         227    -AUG-2009      207       -NOV.-2009      186

MAR.-2009   224         -JUNE-2009        220    -SEPT.-2009     203      -DEC.-2009        187

1ST QTR                           2ND QTR                         3RD QTR                         4TH QTR

Average = (212)            Average = (221)            Average = (207)          Average = (186)