2011 OCTOBER SEA ISLE CITY,NJ:

 

RESIDENTIAL UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (4)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

7500 Central (4)Bed.,(2)Bth. $869,000. $749,000. 336

1304 Landis (3)Bed.,(2)Bth. 995,000. SAME 1

141 84th (6)Bed.,(4.5)Bth. 1,099,000. 995,000. 522

22 72nd (3)Bed.,(1)Bth. 999,900. SAME 19

 

RESIDENTIAL COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (0)

 

LOTS/LAND UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

110 82nd (50x 110) $699,000. SAME 7

 

LOTS/LAND COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (0)

COMMERCIAL COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

25 46th (2/3/3)Bed.,(1/2/2)Bth $815,000. SAME $815,000. 10/14/11 109

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

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

 

CONDO/TOWNHOUSE UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (18)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

3901 Pleasure (2)Bed.,(2)Bth. #209 $489,900. $449,900. 47

*228 43rd (4)Bed.,(2)Bth. 2nd Fl East 499,000. SAME 272

*228 43rd (4)Bed.,(2)Bth. 1st Fl East 499,000. SAME 265

*4401 Landis (4)Bed.,(4)Bth. #8 529,000. SAME 6

3400 Promenade (3)Bed.,(2)Bth. #3A 559,900. SAME 47

3500 Boardwalk (3)Bed.,(2)Bth. #615-N 675,000. 599,000. 745

333 40th (5)Bed.,(3.5)Bth. East 625,000. SAME 45

*129 36th (5)Bed.,(3.5)Bth. West 649,000. 625,000. 410

7508 Landis (5)Bed.,(3.5)Bth. North 697,000. 650,000. 34

102 68th (5)Bed.,(2.5)Bth. East 659,900. SAME 227

117 81st (4)Bed.,(3.5)Bth. East 669,000. SAME 16

6401 Landis (5)Bed.,(4)Bth. South 769,500. 669,000. 219

117 93rd (3)Bed.,(2)Bth. East 695,000. SAME 68

*217 54th (5)Bed.,(3.5)Bth. West 745,000. SAME 19

8904 Pleasure (5)Bed.,(2-2)Bth. East 875,000. SAME 59

5700 Sounds (4)Bed.,(3-2)Bth. South 1,475,000. 1,225,000. 197

3200 Boardwalk (5)Bed.,(3.5)Bth. South 1,595,000. SAME 29

2301 Landis (4)Bed.,(3)Bth. #2301 1,750,000. SAME 11

(5) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (20)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

5400 Landis (2)Bed.,(1.5)Bth. #C $324,900. SAME $302,500. 10/21/11 86

34 35th (3)Bed.,(2)Bth. #2-West 424,000. 379,500. 365,000. 10/14/11 368

*4204 Landis (3)Bed.,(2)Bth. #303 429,000. 399,000. 375,000. 10/12/11 188

9 44th (2)Bed.,(2)Bth. #208 415,000. SAME 411,250. 10/14/11 26

126 34th (3)Bed.,(1.5)Bth. East 489,000. 435,000. 435,000. 10/3/11 215

205 54th (4)Bed.,(2-2)Bth. East 469,000. 459,000. 437,500. 10/28/11 230

3400 Promenade(3)Bed.,(2)Bth. #3B 599,900. 535,000. 450,000. 10/1/11 176

250 57th (4)Bed.,(3)Bth. East 499,000. SAME 477,500. 10/18/11 88

230 81st (4)Bed.,(3.5)Bth. South 499,000. SAME 499,000. 10/14/11 141

7409 Landis (4)Bed.,(2)Bth. North 539,000. SAME 510,000. 10/28/11 136 139 43rd (5)Bed.,(3.5)Bth. East 589,000. 549,000. 540,000. 10/28/11 295

113 74th (4)Bed.,(2.5)Bth. West 689,000. 599,000. 575,000. 10/7/11 195

5404 Central (5)Bed.,(3)bth. South 639,900. 599,000. 575,000. 10/31/11 257

114 West Jersey (4)Bed.,(2.5)Bth. East 619,000. 610,000. 585,000. 10/7/11 97

130 48th (5)Bed.,(3.5)Bth. West 679,000. SAME 665,000. 10/27/11 66

8208 Pleasure(4)Bed.,(3.5)Bth. South 759,000. 735,000. 685,000. 10/7/11 244

118 81st (4)Bed.,(3)Bth. East 724,900. SAME 700,000. 10/21/11 90

129 73rd (4)Bed.,(3.5)Bth. East 749,999. 739,999. 705,000. 10/29/11 87

*110 65th (6)Bed.,(4.5)Bth. West 759,900. SAME 749,100. 10/7/11 126

9400 Roberts(3)Bed.,(2)Bth. #405 795,000. SAME 760,000. 10/7/11 86

(2)NEW CONSTRUCTION

(11,692,499.) (11,275,199.) (10,801,850.) (3,197)

Average Original Average Reduced Average SOLD Average Days on

List Price = $584,625. List Price = $563,760. Price = $540,092. Market = 160

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 11/11/11) = 321

RESIDENTIAL = 17 LOTS/LAND = 9 COMMERCIAL = 8 MULTI-FAMILY = 11 CONDO/TOWNHOUSE = 276

 

2011 NOVEMBER SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

222 56th St (7)Bed.,(4.5)Bth. $949,000. SAME 28

 

RESIDENTIAL COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

7500 Central (4)Bed.,(2)Bth. $869,000. $749,000. $635,000. 11/15/11 358

 

Average Original Average Reduced Average Sold Average Days on

List Price = $869,000. List Price = $749,000. Price = $635,000. Market = 358

-          Difference between ORIGINAL List Price and SOLD Price = (27%)

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

 

LOTS/LAND UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

25 32ND ST. (50x 110) $1,015,000. SAME 1

 

LOTS/LAND COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (0)

COMMERCIAL COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

5604 Roberts (3/3)Bed., (2/2)Bth. 55x 100 $689,000. $659,000. 10

 

MULTI-FAMILY COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (9)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

217 47th (4)Bed.,(2)Bth. East $649,000. $539,000. 829

7606 Landis (5)Bed.,(3)Bth. South 650,000. 589,000. 361

38 72nd (4)Bed., (3.5)Bth. West 599,900. SAME 24

20 84th (4)Bed.,(3.5)Bth. West 639,000. SAME 101

38 79th (4)Bed.,(3.5)Bth. West 859,900. 699,000. 741

 

*134 49th (5)Bed.,(4.5)Bth. East/West 740,000. 729,000. 140

*85 85th (4)Bed.,(3.5)Bth. #2 799,000. 749,000. 245

4904 Pleasure (4)Bed.,(3)Bth. South 849,000. 825,000. 302

219 90th (4)Bed.,(3)Bth. South 1,425,000. SAME 115

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (15)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS List Price Price Price Date onMkt

*4202 Landis (3)Bed.,(2)Bth. #205 $439,000. $399,000. $365,000. 11/4/11 211

*4204 Landis (3)Bed.,(2)Bth. #302 429,000. 399,000. 370,000. 11/4/11 211

3500 Boardwlk (2)Bed.,(2)Bth. #620N 405,000. SAME 392,500. 11/30/11 74

3901 Pleasure (2)Bed.,(2)Bth. #209 489,900. 449,900. 400,000. 11/21/11 79

3500 Boardwlk (3)Bed.,(2)Bth. #615N 675,000. 599,000. 554,000. 11/15/11 773

102 68th (5)Bed.,(2.5)Bth. East 659,900. SAME 569,000. 11/23/11 257

*222 46th (4)Bed.,(2/2)Bth. West 599,000. SAME 580,000. 11/22/11 152

7113 Central (4)Bed.,(3.5)Bth. South 695,000. 649,000. 610,000. 11/23/11 185

333 40th (5)Bed.,(3.5)Bth. East 625,000. SAME 625,000. 11/30/11 96

7508 Landis (5)Bed.,(3.5)Bth. North 697,000. 650,000. 632,500. 11/18/11 62

117 81st (4)Bed.,(3.5)Bth. East 669,000. SAME 635,000. 11/30/11 60

14 66th (40Bed.,(3)Bth. East 799,000. SAME 700,000. 11/11/11 58

8904 Pleasure (5)Bed.,(2/2)Bth. East 875,000. SAME 800,000. 11/15/11 92

5700 Sounds (4)Bed.,(3/2)Bth. South 1,475,000. 1,225,000. 995,000. 11/21/11 249

2301 Landis (4)Bed.,(3)Bth. #2301 1,750,000. SAME 1,630,000. 11/23/11 54

(3)NEW CONSTRUCTION

(11,281,800) (10,752,800) (9,858,000.) (2,610)

Average Original Average Reduced Average Sold Average Days on

List Price = $752,120. List Price = $716,853. Price = $657,200. Market = 174

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 12-20-2011) = 330

RESIDENTIAL 23

LOTS/LAND 11

COMMERCIAL 8

MULTI-FAMILY 11

CONDO/TOWNHOUSE 277

 

 

 

 

 

 

 

2011 DECEMBER - SEA ISLE CITY,NJ:

 

RESIDENTIAL UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

5525 Kneass (4)Bed.,(3)Bth. $719,900. $699,900. 43

 

RESIDENTIAL COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

1304 Landis (3)Bed.,(2)Bth. $995,000. SAME $635,000. 12/19/11 69

22 72nd (3)Bed.,(1)Bth. 999,900. SAME 862,500. 12/15/11 82

(1,994,900.) (1,994,900.) (1,497,500.) (151)

Average Original Average Reduced Average SOLD Average Days on

List Price = $997,450. List Price = $997,450. Price = $748,750. Market = 75

-          Difference between ORIGINAL List Price and SOLD Price = (25%)

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

 

LOTS/LAND UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (0)

LOTS/LAND COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

110 82ND (50X110) $699,000. SAME $650,000. 12/9/11 56

25 32ND (50X110) 1,015,000. SAME 1,015,000. 12/21/11 36

(1,714,000.) (1,714,000.) (1,665,000.) (92)

Average Original Average Reduced Average SOLD Average Days on

List Price = $857,000. List Price = $857,000. Price = 832,500. Market = 46

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

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

 

COMMERCIAL UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (0)

COMMERCIAL COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS List Price Price Price Date Market

7309 Pleasure (4/4)Bed.,(2/2)Bth. $2,699,000. SAME $2,400,000. 12/16/11 549

Average Original Average Reduced Average SOLD Average Days on

List Price = $2,699,000. List Price = $2,699,000. Price = $2,400,000. Market = 549

-          Difference between ORIGINAL List Price and SOLD Price = (11%)

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

 

CONDO/TOWNHOUSE UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

33 36th (3)Bed.,(1.5)Bth. #3-B $389,000. $344,500. 568

137 32nd (3)Bed.,(1.5)Bth. 1stFl 395,000. SAME 109

*4215 Landis (3)Bed.,(2)Bth. #301 459,000. SAME 72

133 73rd (4)Bed.,(2.5)Bth. East 575,000. SAME 155

7101 Central (4)Bed.,(2.5)Bth. East 630,000. SAME 29

*33 24th (5)Bed.,(5.5)Bth. North 2,149,000. 1,999,999. 284

(2) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (15)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS List Price Price Price Date onMkt

61 85th (1)Bed.,(1)Bth. #A-404 $350,000. $269,900. $243,000. 12/16/11 259

4508 Landis (3)Bed.,(2)Bth. #301 359,000. 329,000. 315,000. 12/22/11 202

*4202 Landis (3)Bed.,(2)Bth. #207 429,000. 399,000. 365,000. 12/9/11 246

3700 Boardwlk (2)Bed.,(2)Bth. #605 399,000. SAME 390,000. 12/16/11 132

105 75th (4)Bed.,(2.5)Bth. East 598,000. SAME 565,000. 12/15/11 55

118 72nd (4)Bed.,(2.5)Bth. West 599,900. SAME 567,500. 12/15/11 100

117 93rd (3)Bed.,(2)Bth. East 695,000. SAME 610,000. 12/9/11 126

 

338 46th (3)Bed.,(3.5)Bth. East 749,000. SAME 637,500. 12/27/11 190

6401 Landis (5)Bed.,(4)Bth. South 769,500. 669,000. 645,000. 12/15/11 279

9 68th (4)Bed.,(3)Bth. West 749,900. 685,000. 662,500. 12/16/11 154

33 81st (4)Bed.,(3)Bth. East 749,000. 699,500. 672,500. 12/20/11 276

85 85th (4)Bed.,(3.5)Bth. #2 799,000. 749,000. 730,000. 12/20/11 640

219 90th (4)Bed.,(3)Bth. South 1,425,000. SAME 1,275,000. 12/30/11 175

3200 Boardwlk (5)Bed.,(3.5)Bth. South 1,595,000. SAME 1,400,000. 12/23/11 106

6709 Pleasure (5)Bed.,(5.5)Bth. North 1,695,000. SAME 1,620,000. 12/2/11 276

(1)NEW CONSTRUCTION

(11,961,300.) (11,556,300.) (10,398,000.) (3,156)

Average Original Average Reduced Average SOLD Average Days on

List Price = $797,420. List Price = $770,420. Price = $693,200. Market = 210

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 1-16-2012) = 310

RESIDENTIAL 22

LOTS/LAND 10

COMMERCIAL 7

MULTI-FAMILY 10

CONDO/TWONHOUSE 261