2009 2ND QTR. SEA ISLE CITY, NJ STATISTICS:

 

RESIDENTIAL:                    UNDER CONTRACT                COMPARABLE SALES

APRIL                                                      1                                                      0

MAY                                                         2                                                      0

JUNE                                                        0                                                      1

                                                                 (3)                                                    (1)

 

LOTS / LAND:                       UNDER CONTRACT                COMPARABLE SALES

APRIL                                                      0                                                       1

MAY                                                         0                                                       0

JUNE                                                        0                                                       0

                                                                                                                          (1)

 

COMMERCIAL:                   UNDER CONTRACT                COMPARABLE SALES

APRIL                                                       0                                                       0

MAY                                                          0                                                       0

JUNE                                                         0                                                       0

 

MULTI-FAMILY:                 UNDER CONTRACT                 COMPARABLE SALES

APRIL                                                         2                                                      2

MAY                                                            0                                                      0

JUNE                                                           0                                                      2

                                                                     (2)                                                   (4)

 

CONDO/TOWNHOUSE:      UNDER CONTRACT                COMPARABLE SALES

APRIL                                                            5                                                    18

MAY                                                              15                                                   16

JUNE                                                              9                                                    15

(29)                                                                                                (49)

 

                       ORIGINAL List Price     REDUCED List Price     SOLD Price    Days on Mkt

APRIL            $ 682,861.                         $ 621,401.                           $ 582,305.           212

MAY                  713,662.                            683,419.                              655,031.           246

JUNE                 699,907.                            680,973.                              643,333.           183

 

 

 

2ND QTR

AVERAGE     $ 698,810.                          $ 661,931.                           $ 626,890.         214

-         Difference between ORIGINAL List Price and SOLD Price = (10%)

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

 

 

 

SEA ISLE CITY COMPARISON: 1ST QTR 2009 VS. 2ND QTR 2009:

 

1ST QTR TOTAL CONDO/TOWNHOUSE UNITS UNDER CONTRACT = (34)

1ST QTR TOTAL CONDO/TOWNHOUSE UNITS SOLD = (28)

1ST QTR TOTAL NEW CONSTRUCTION CONDO/TOWNHOUSE UNITS SOLD = (5)

 

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

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

 

2ND QTR TOTAL CONDO/TOWNHOUSE UNITS UNDER CONTRACT = (29)

2ND QTR TOTAL CONDO/TOWNHOUSE UNITS SOLD = (49)

2ND QTR TOTAL NEW CONSTRUCTION CONDO/Townhouse UNITS SOLD = (12)

 

2ND QTR.        ORIGINAL List Price    REDUCED List Price   SOLD Price    Days on Mkt

AVERAGE      $ 698,810.                        $ 661,931.                        $ 626,890.              214