2009 APRIL - SEA ISLE CITY, NJ:

 

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

                                                            ORIGINAL            REDUCED            DAYS ON

ADDRESS                                          LIST PRICE         LIST PRICE          MARKET

4408 Venicean(4)Bed.,(2.5)Bth.         $750,000.                   SAME                       33

 

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

 

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

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

                                           ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                        LIST PRICE       PRICE        PRICE          DATE       MARKET

33 77th(55x110)              $1,100,000.           SAME       $1,100,000.     4/10/09          167

 

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 = (2)

                                                              ORIGINAL            REDUCED            DAYS ON

ADDRESS                                            LIST PRICE          LIST PRICE         MARKET

20 40th (3/2) Bed.,(2/1)Bth. 30x80      $799,000.                $499,000.                  202

26 49th(4/2/2)Bed.,(2/1/1)Bth 50x110   995,000.                  SAME                     129

 

MULTI-FAMILY COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (2)

                                                  ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                LIST PRICE      PRICE         PRICE       DATE        onMkt

209 87th(40x100)                    $259,900.            SAME           $260,000.    4/29/09        56

3410 Landis(4/2)Bed.,(2/1)Bth.599,000.              SAME            511,000.     4/30/09        185

                                                 (858,900)             (858,900.)      (771,000.)                       (241)

Average Original               Average Reduced               Average Sold             Average Days on

List Price = $429,450.        List Price = $429,450.        Price = $385,500.       Market = 120

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

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

 

CONDO/TOWNHOUSE UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (5)

                                                                         ORIGINAL               REDUCED               DAYS

ADDRESS                                                      LIST PRICE              PRICE         ON MARKET

8400 Landis(3)Bed.,(2)Bth. #5                       $419,900.                     SAME                     78

238 58th(4)Bed.,(2)Bth. West                            509,900.                    SAME                      28

205 44th(5)Bed.,(3)Bth.                                     599,000.                    SAME                      23

118 77th(4)Bed.,(3.5)Bth. West                         749,000.                   650,000.                    421

* 32 47th(5)Bed.,(3)Bth. East                             829,000.                   SAME                       9

(1) NEW CONSTRUCTION

 

 

CONDO/TOWNHOUSE COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (18)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE       PRICE        PRICE        DATE     onMkt

4600 Landis(3)Bed.,(2)Bth #4A       $259,000.            SAME          $239,000.     4/11/09       99

121 39th(2)Bed.,(1)Bth. 1stFl             369,000.            309,000.         290,000.      4/13/09      579

135 65th(2)Bed.,1.5)Bth. #14              349,900.           339,900.         320,000.       4/24/09      112

242 40th(3)Bed.,(2)Bth. East               589,000.           529,000.         460,000.       4/17/09      186

18 51st(4)Bed.,(2)Bth. 2nd                    669,900.           579,900.         484,500.       4/15/09      137

18 51st(4)Bed.,(2)Bth. 1st                     649,900.           559,900.         484,500.       4/15/09      137

                                                           (2,886,700.)       (2,317,700.)   (2,278,000.)                (1,250)

 

126 39th(4)Bed.,(3.5)Bth. East            599,900.            529,900.         515,000.       4/18/09      172

133 74th(4)Bed.,(2.5)Bth. West           619,000.           599,000.         547,000.       4/30/09       97

137 38th(5)Bed.,(3.5)Bth. East            599,000.             SAME          557,000.       4/29/09       117

121 81st(4)Bed.,(3)Bth. West              689,000.            599,711.        575,000.        4/28/09       390

114 49th(5)Bed.,(3)Bth. West              625,000.            614,900.        592,000.        4/30/09      104

138 74th(5)Bed.,(3)Bth. East               724,900.            629,000.        595,000.        4/28/09       231

                                                           (3,856,800.)      (3,571,511.)  (3,381,000.)                  (1,111)

 

130 48th(5)Bed.,(3.5)Bth. West          745,000.            729,000.         685,000.        4/24/09      314

126 74th(5)Bed.,(3.5)Bth. West          815,000.            729,000.         700,000.        4/8/09        464

130 75th(5)Bed.,(3.5)Bth. West          749,000.             SAME           715,000.        4/25/09      135

* 137 59th(4)Bed.,(3.5)Bth. East         825,000.            795,000.        780,000.         4/8/09        202

* 21 48th(5)Bed.,(4)Bth. North         1,019,000.            999,000.        945,000.        4/17/09      233

6513 Pleasure(5)Bed.,(3.5)Bth. No  1,395,000.         1,295,000.        997,500.        4/29/09      105

(2) NEW CONSTRUCTION        (5,548,000.)      (5,296,000.)    (4,822,500.)                  (1,453)

 

                                                        (12,291,500.)     (11,185,211.)  (10,481,500.)               (3,814)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $682,861.        List Price = $621,401.        Price = $582,305.        Market = 212

-         Difference between ORIGINAL List Price and SOLD Price = (15%)

-         Difference between ORIGINAL List Price and REDUCED Price = (9%)

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 6-5-2009) = 280

RESIDENTIAL                                                      15

LOTS/LAND                                                           6

COMMERCIAL                                                     10

MULTI-FAMILY                                                   11

CONDO/TOWNHOUSE                                       238

 

 

 

 

 

2009 MAY SEA ISLE CITY, NJ:

 

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

                                                            ORIGINAL               REDUCED               DAYS ON

ADDRESS                                          LIST PRICE            LIST PRICE            MARKET

5006 Pleasure(3)Bed.,(2.5)Bth.           $825,000.                  $789,000.                      62

18 18st (5)Bed.,(3.5)Bth.                    2,600,000.                     SAME                        14

 

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

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 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (15)

                                                                   ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                LIST PRICE              LIST PRICE           MARKET

3900 Pleasure(2)Bed.,(1.5)Bth. #303        $329,900.                    $319,900.                    100

6400 Central (3)Bed.,(2)Bth. #C                 410,000.                      389,000.                     118

300 Landis (2)Bed.,(2)Bth. #F                     399,900.                      SAME                        78

113 75th (4)Bed.,(2.5)Bth. East                    632,000.                      599,000.                     111

221 45th (5)Bed.,(3)Bth. East                       629,000.                      599,000.                     122

137 81st (4)Bed.,(3)Bth. East                       829,000.                      699,000.                      408

129 82nd (4)Bed.,(3.5)Bth. West                  729,000.                       SAME                         14

5600 Landis (4)Bed.,(3)Bth. East                769,000.                      729,000.                       136

130 75th (5)Bed.,(3.5)Bth. East                    749,000.                        SAME                        153

* 137 49th (5)Bed.,(3.5)Bth. East                 799,000.                       779,000.                       168

109 79th (5)Bed.,(3.5)Bth. West                   810,000.                       798,000.                       194

* 118 53rd (5)Bed.,(3.5)Bth. West                799,000.                         SAME                        110

* 33 82nd (5)Bed.,(4.5)Bth. West               1,175,000.                         SAME                        109

* 9 75th (4)Bed., (4.5)Bth. East                   1,229,000.                   1,199,000.                       259

6613 Pleasure(5)Bed.,(5.5)Bth. No.           2,200,000.                        SAME                        49

(4) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (16)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE     PRICE          PRICE         DATE     onMkt

4114 Central(1)Bed.,(1)Bth. #315   $229,000.            SAME          $220,000.     5/14/09       82

4114 Central(3)Bed.,(2)Bth. #101     335,000.            269,900.         245,000.     5/21/09       411

221 87th(3)Bed.,(1.5)Bth. #304          425,000.            349,900.         335,000.     5/1/09         373

122 47th(4)Bed.,(2)Bth. West             599,000.            SAME            575,000.     5/29/09       97

119 80th(5)Bed.,(4)Bth. West           $699,900.        $679,900.        $645,000.      5/27/09       144

110 79th(4)Bed.,(3.5)Bth. East           739,900.          699,000.          650,000.      5/29/09        349

* 4801 Central(5)Bed.,(4)Bth. So.     743,000.          710,000.          667,500.      5/29/09        340

122 77th(5)Bed.,(3.5)Bth. West          739,999.          729,000.         697,000.      5/15/09         218

* 126 74th(5)Bed.,(3.5)Bth. East        815,000.          729,000.         702,000.       5/29/09         515

57 83rd(4)Bed.,(2.5)Bth. West           799,900.           749,000.         725,000.       5/20/09        228

8204 Central(4)Bed.,(3.5)Bth. So.     799,900.           749,000.         749,000.      5/15/09         212

* 118 53rd(5)Bed.,(3.5)Bth. East        799,000.            SAME           760,000.      5/15/09         245

133 51st (4)Bed.,(3.5)Bth. East           850,000.           799,000.         775,000.      5/15/09        189

25 82nd (5)Bed.,(3)Bth. East               850,000.            SAME           820,000.      5/22/09         48

* 17 76th(5)Bed.,(3.5)Bth. West         975,000.            SAME           925,000.      5/22/09         227

* 21 48th(5)Bed.,(4)Bth. So.            1,019,000.            SAME           990,000.      5/8/09           254

(5) NEW CONSTRUCTION

                                                       (11,418,599.)    (10,934,700.)  (10,480,500.)                  (3,932)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $713,662.        List Price = $683,419.        Price = $655,031.        Market = 246

-         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 6-6-2009) = 277

RESIDENTIAL                                                       15

LOTS/LAND                                                            5

COMMERCIAL                                                      10

MULTI-FAMILY                                                    11

CONDO/TOWNHOUSE                                         236

 

 

2009 JUNE SEA ISLE CITY, NJ:

 

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

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

                                                    ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                  LIST PRICE     PRICE          PRICE       DATE       onMkt

5006 Pleasure(3)Bed.,(2.5)Bth.   $825,000.          $789,000.       $765,000.    6/26/09       96

 

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 = (2)

                                                   ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                 LIST PRICE      PRICE         PRICE       DATE       onMkt

20 40th(3/2)Bed.,(2/1)Bth.          $799,000.           $499,000.      $450,000.     6/30/09      272

26 49th(4/2/2)Bed.,(2/1/1)Bth.      955,000.               SAME         850,000.     6/15/09      188

 

CONDO/TOWNHOUSE UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (9)

                                                              ORIGINAL            REDUCED            DAYS ON

ADDRESS                                            LIST PRICE          LIST PRICE         MARKET

30 37th(3)Bed.,(1.5)Bth. #2E                   $379,000.                 $310,000.                  371

4400 Pleasue(2)Bed.,(1.5)Bth. 24-44th     329,000.                    SAME                     37

* 6300 Landis(2)Bed.,(2)Bth. #A              385,000.                   SAME                     11

221 45th(5)Bed.,(3)Bth. West                    629,000.                   599,000.                   169

8300 Pleasure(5)Bed.,(3)Bth. North          719,000.                   599,000.                   210

116 42nd(4)Bed.,(3)Bth. West                    599,900.                     SAME                     21

125 72nd(4)Bed.,(2)Bth. East                     605,000.                    599,999.                   16

316 46thPlace (4)Bed.,(3.5)Bth. East            965,000.                    844,331.                   123

* 26 49th(5)Bed.,(3)Bth. West                   879,900.                      SAME                     8

(2) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (15)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE      PRICE         PRICE        DATE     onMkt

6400 Central(3)Bed.,(2)Bth. #C       $410,000.          $389,000.       $375,000.      6/26/09     155

300 Landis(2)Bed.,(2)Bth. #F            399,900.              SAME          379,000.      6/19/09      107

8400 Landis(3)Bed.,(2)Bth. #5           419,900.             SAME           395,000.     6/26/09       143

238 58th(4)Bed.,(2)Bth. West              509,900.             SAME          495,000.      6/18/09       87

113 75th(4)Bed.,(2.5)Bth. East            632,000.             599,000.       550,000.       6/12/09      139

205 44th(5)Bed.,(3)Bth. East               599,000.              SAME         575,000.       6/12/09       89

221 45th(5)Bed.,(3)Bth. East               629,000.             599,000.       580,000.       6/19/09       166

137 81st(4)Bed.,(3)Bth. East                829,000.            699,000.       655,000.       6/19/09        447

130 75th(5)Bed.,(3.5)Bth. East             749,000.             SAME         715,000.       6/11/09        182

* 137 49th(5)Bed.,(3.5)Bth. East          799,000.            779,000.       750,000.       6/26/09        200

* 118 53rd(5)Bed.,(3.5)Bth. West         799,000.              SAME        760,000.      6/29/09        148

* 137 56th(6)Bed.,(4.5)Bth. East           799,000.              SAME       760,000.       6/3/09          149

* 137 56th(6)Bed.,(4.5)Bth. West          799,000.             SAME        775,000.       6/12/09       158

13 50th (4)Bed.,(3.5)Bth. South             949,900.             899,900.      841,000.      6/29/09       424

* 33 82nd(5)Bed.,(4.5)Bth. West         1,175,000.              SAME     1,045,000.      6/15/09       147

(5) NEW CONSTRUCTION

                                                        (10,498,600.)    (10,214,600.)   (9,650,000.)                  (2,741)

Average Original            Average Reduced            Average Sold            Average Days on

List Price = $699,907.     List Price = $680,973.     Price = $643,333.      Market = 183

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

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

 

TOATL SEA ISLE CITY SALE INVENTORY (AS OF 7/30/2009) = 275

RESIDENTIAL                                                    17

LOTS/LAND                                                         7

COMMERCIAL                                                   9

MULTI-FAMILY                                                 11

CONDO/TOWNHOUSE                                      231