2009 – APRIL – STONE HARBOR,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (1)

                                                           ORIGINAL               REDUCED            DAYS ON

ADDRESS                                         LIST PRICE             LIST PRICE         MARKET

8726 Sunset Dr (4)Bed.,(2.5)Bth.      $1,399,000.                 $1,099,000.                  239

 

RESIDENTIAL – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (3)

                                                ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                             LIST PRICE      PRICE         PRICE         DATE      onMkt

43 Weber Ct(2)Bed.,(1)Bth.   $559,000.              SAME       $508,000.       4/15/09      58

165 93rd (3)Bed.,(2)Bth.         1,395,000.             SAME       1,281,000.      4/20/09       256

9911 Sunrise(4)Bed(2.5)Bth.  2,795,000.        2,495,000.      2,125,000.      4/30/09      147

                                              (4,749,000.)       (4,449,000.)   (3,914,000.)                     (461)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,583,000.     List Price = $1,483,000.     Price = $1,304,667.   Market = 154

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

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

 

LOTS/LAND – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (1)

                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                      LIST PRICE        LIST PRICE        MARKET

420 99TH St. (3)Bed.,(1)Bth. 2ndFl.Rear         $445,000.                SAME                      33

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 6-5-2009) = 216

RESIDENTIAL                                                          117

LOTS/LAND                                                               11

COMMERCIAL                                                          8

MULTI-FAMILY                                                        19

CONDO/TOWNHOUSE                                            61

 

 

 

 

2009 – MAY – STONE HARBOR,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (2)

                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                         LIST PRICE         LIST PRICE          MARKET

8704 Penns. Ave(3)Bed.,(2)Bth.        $1,287,000.               SAME                       51

11810 Third Ave(3)Bed.,(1.5)Bth.      1,399,000.               SAME                        56

 

RESIDENTIAL – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (2)

                                               ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                             LIST PRICE       PRICE        PRICE       DATE        onMkt

* 8501 Penns.(4)Bed.,(3/2)Bth. $3,695,000.          SAME        $2,875,000.   5/4/09           76

   8626 First(5)Bed.,(3.5)Bth.      5,195,000.          SAME           3,700,000.  5/4/09           347

(1) NEW CONSTRUCTION

                                                  (8,890,000.)        (8,890,000.)    (6,575,000.)                (423)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $4,445,000.     List Price = $4,445,000.     Price = $3,287,500.      on Mkt = 211

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

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

 

LOTS/LAND – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (1)

                                                            ORIGINAL            REDUCED            DAYS ON

ADDRESS                                         LIST PRICE          LIST PRICE          MARKET

8128 Third Ave 40’x60’                     $ 659,000.               $559,000.                 205

“Roseman’s Marine” 1st Fl-Store – 2nd Fl- (2)Bed.,(1.5)Bth

 

COMMERCIAL – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (1)
                                                 ORIGINAL     REDUCED     SOLD     CLOSING       DAYS

ADDRESS                              LIST PRICE      PRICE         PRICE        DATE          onMkt

301 100th (4/2)Bed.,(2/1)Bth.   $1,795,000.       $999,000.      $950,000.      5/22/09          225

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (2)

                                                                          ORIGINAL            REDUCED           DAYS ON

ADDRESS                                                        LIST PRICE          LIST PRICE        MARKET

15 99th (3)Bed.,(2)Bth. #C                                $789,000.                    SAME                     50

345 86th(4)Bed.,(2.5)Bth. East                         1,049,000.                  899,000.                    608

 

 

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (3)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE      PRICE        PRICE       DATE       onMkt

235 99th(1)Bed.,(1)Bth. #B              $329,000.           $319,000.      $285,000.    5/27/09        145

10808 Sunset(3)Bed.,(2)Bth.#4         775,000.             725,000.        652,500.    5/8/09          336

9600 First(3)Bed.,(2)Bth. #1             859,000.             845,000.        816,750.    5/15/09        132

                                                         (1,963,000.)      (1,889,000.)    (1,754,250.)                  (613)

Average Original               Average Reduced               Average Sold       Average Days on

List Price = $654,333.        List Price = $629,667.        Price = $584,750.  Market = 204

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 6/14/09) = 227

RESIDENTIAL                                                           122

LOTS/LAND                                                                 11

COMMERCIAL                                                           12

MULTI-FAMILY                                                         20

CONDO/TOWNHOUSE                                              62

 

2009 – JUNE – STONE HARBOR, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

RESIDENTIAL – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (4)

                                               ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                            LIST PRICE     PRICE            PRICE      DATE         onMkt

8726 Sunset(4)Bed.,(2.5)Bth. $1,399,000.      $1,099,000.     $1,090,000.   6/8/09         301

8704 Penna.(3)Bed.,(2)Bth.      1,287,000.          SAME           1,120,000.   6/30/09       82

11810 Third(3)Bed.,(1.5)Bth.   1,399,000.          SAME           1,174,500.   6/15/09       97

100 108th(5)Bed.,(2/2)Bth.        1,900,000.        1,750,000.       1,600,000.   6/8/09         160

                                               (5,985,000.)        (5,535,000.)     (4,984,500.)                 (640)

Average Original                Average Reduced                Average Sold              Average Days

List Price = $1,496,250.      List Price = $1,383,750.      Price = $1,246,125.     on Mkt = 160

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

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

 

LOTS/LAND – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

 

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (1)

                                                                          ORIGINAL          REDUCED          DAYS

ADDRESS                                                        LIST PRICE        LIST PRICE       onMkt

260 83rd(4)Bed.,(2)Bth. North                          $729,000.                  SAME                   18

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (5)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                        LIST PRICE     PRICE        PRICE        DATE      onMkt

10120 Third(0)Bed.,(1)Bth. #6         $174,900.             SAME        $150,000.    6/4/09          73

420 99th(3)Bed.,(1)Bth. 2ndFlRear     445,000.             SAME          412,000.    6/8/09          79

8218 Third(3)Bed.,(2)Bth. #A            519,900.             SAME          500,000.    6/15/09        123

15 99th(3)Bed.,(2)Bth. #C                   789,000.             SAME          690,000.    6/22/09        105

286 83rd(4)Bed.,(3.5)Bth. West           995,000.             SAME         965,000.    6/19/09         197

                                                          (2,923,800.)       (2,923,800.)   (2,717,000.)                  (577)

Average Original              Average Reduced               Average Sold               Average Days List Price = $584,760.       List Price = $584,760.        Price = $543,400.         on Market = 115

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

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

 

TOTAL STONE HARBOR SALE INVENTORY (AS OF 7/28/09) = (220)

RESIDENTIAL                                 122

LOTS/LAND                                      9

COMMERCIAL                                12

MULTI-FAMILY                              19

CONDO/TOWNHOUSE                   58