2009 1ST QTR. SEA ISLE CITY, NJ STATISTICS:

 

RESIDENTIAL:          UNDER CONTRACT            COMPARABLE SALES

JANUARY                                   2                                                     0

FEBRUARY                                2                                                     0

MARCH                                      0                                                     4

(4)                                                                                                      (4)

 

LOTS / LAND:             UNDER CONTRACT             COMPARABLE SALES

JANUARY                                    0                                                     0

FEBRUARY                                 0                                                     0

MARCH                                        1                                                     0

(1)                                                                                                    (0)

 

COMMERCIAL:             UNDER CONTRACT              COMPARABLE SALES

JANUARY                                           0                                                    0

FEBRUARY                                        1                                                    0

MARCH                                               0                                                    1

                                                             (1)                                                   (1)

 

MULTI-FAMILY:           UNDER CONTRACT                COMPARABLE SALES

JANUARY                                           0                                                     0

FEBRUARY                                        0                                                     0

MARCH                                              2                                                      0

                                                             (2)                                                   (0)

 

CONDO/TOWNHOUSE     UNDER CONTRACT             COMPARABLES SALES

JANUARY                                           6                                                      6

FEBRUARY                                        14                                                    8

MARCH                                               14                                                    14

                                                             (34)                                                  (28)

 

                         ORIGINAL List Price     REDUCED Price       SOLD Price    Days on Mkt

JANUARY        $717,667.                           $699,333.                    $650,417.              221

FEBRUARY     $854,600.                           $782,612.                    $729,312.              235

MARCH            $673,743.                          $618,236.                    $583,880.              171

 

1ST QTR,           $2,246,010.                       $2,100,181.                  $1,963,609.           627

AVERAGE       ($748,670.)                        ($700,060.)                  ($654,536.)          (209)

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

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

 

-         1ST QUARTER 2009 = TWENTY-EIGHT (28) TOTAL CONDO/TOWNHOUSE UNITS SOLD.

 

COMPARISON 1ST QUARTER SEA ISLE CITY 2008:

1ST QTR.           ORIGINAL List Price      REDUCED Price       SOLD Price    Days on Mkt

AVERAGE         $672,682.                           $632,124.                    $591,517.             251

 

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

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

 

-         1ST QUARTER 2008 = FORTY-SEVEN (47) TOTAL CONDO/TOWNHOUSE

            UNITS SOLD.