1ST QUARTER SEA ISLE CITY,NJ 2012 STATISTICS:

RESIDENTIAL UNDER CONTRACT COMPARABLE SALES

-          JANUARY 2 1

-          FEBRUARY 0 0

-          MARCH 0 2

-          (2) (3)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $949,000. $949,000. $925,000. 77

FEBRUARY -0- -0- -0- -0-

MARCH 550,000. 550,000. 515,000. 148

(1,499,000.) (1,499,000.) (1,440,000.) (225)

1ST QTR

AVERAGE $499,667. $499,667. $480,000. 75

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

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

1ST QTR RESIDENTIAL NEW CONSTRUCTION UNDER CONTRACT = (0)

1ST QTR RESIDENTIAL NEW CONSTRUCTION COMPARABLE SALES = (0)

 

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 1 0

-          MARCH 0 1

-          (1) (1)

 

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 0 0

-          MARCH 0 0

 

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 0 0

-          MARCH 0 0

 

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 8 8

-          FEBRUARY 23 15

-          MARCH 26 27

-          (57) (50)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $766,725. $738,987. $658,021. 304

FEBRUARY 792,687. 719,947. 659,467. 320

MARCH 642,048. 615,474. 589,118. 271

(2,201,460.) (2,074,408.) (1,906,603.) (895)

1ST QTR

AVERAGE $733,820. $691,469. $635,534. 298

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

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

 

2012 - CONDO/TOWNHOUSE NEW CONSTRUCTION:

UNDER CONTRACT COMPARABLE SALES

JANUARY 3 0

FEBRUARY 8 2

MARCH 5 8

(16) (10)

 

 

 

SEA ISLE CITY,NJ COMPARISON: 1ST QTR: 2009-2010-2011-2012:

1ST QTR 1ST QTR 1ST QTR 1ST QTR

RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL

2009 2010 2011 2012

UNDER CONTRACT 4 2 1 2

COMPARABLE SALES 4 4 2 3

 

 

1ST QTR 1ST QTR 1st QTR 1ST QTR

Condo/Town Condo/Town Condo/Town Condo/Town

2009 2010 2011 2012

UNDER CONTRACT 34 35 38 57

COMPARABLE SALES 28 33 38 50

 

AVERAGE List Price $748,670. $750,323. $714,707. $733,820.

AVERAGE SOLD Price 654,536. 686,741. 633,726. 635,534.

DAYS on Market 209 191 230 298

 

NEW CONSTRUCTION

CONDO/TOWNHOUSE

UNDER CONTRACT 7 5 10 16

COMPARABLE SALES 5 8 8 10

 

 

SEA ISLE CITY, NJ SALE INVENTORY 2012:

NOTE: THE SALE INVENTORY IS COMPRISED OF: ALL CLASSES: RESIDENTIAL, LOTS, COMMERCIAL, MULTI-FAMILY & CONDO/TOWNHOUSE.

 

1ST QTR 2012

 

JANUARY = 321

FEBRUARY = 325

MARCH = 315

 

1ST QTR

AVERAGE = (320)