2009 JANUARY - SEA ISLE CITY,NJ:

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

                                                           ORIGINAL          REDUCED           DAYS ON

ADDRESS                                        LIST PRICE          PRICE                 MARKET

240 93rd (5)Bed.,(3.5)Bth. Front        $1,990,000.           $1,750,000.                289

240 93rd (5)Bed.,(3.5)Bth. BayFront   2,550,000.             1,750,000.                285

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

 

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

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

 

COMMERCIAL UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (0)

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

 

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

MULTI-FAMILY COMPARABLE SALES: 1/1/2009 TO 1/31/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (6)

                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                       LIST PRICE           PRICE              MARKET

3800 Pleasure(2)Bed.,(1)Bth. #405                  $425,000.              $379,900.                 78

354 43rdPl(3)Bed.,(2)Bth. #1East                      395,000.                SAME                     19

* 33 75th(5)Bed.,(3.5)Bth. West                         899,000.               879,000.                   176

28 79th (4)Bed.,(3)Bth. East                             1,225,000.               885,000.                   105

* 17 76th(5)Bed.,(3.5)Bth. West                         975,000.                 SAME                     2

7709 Pleasure (4)Bed.,(3.5)Bth. South            1,995,000.                SAME                     158

(2) NEW CONSTRUCTION

CONDO/TOWNHOUSE COMPARABLE SALES: 1/1/2009 TO 1/31/2009 = (6)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE      PRICE         PRICE        DATE     onMkt

3502 Landis(3)Bed.,(2)Bth. #6        $469,000.          $399,000.        $367,500.     1/2/09         414

115 32nd(4)Bed.,(2.5)Bth. East          549,000.            539,000.          515,000.     1/29/09        80

5712 Central(4)Bed.,(2.5)Bth. East   535,000.             SAME            525,000.     1/20/09        50

* 130 48th (5)Bed.,(3.5)Bth. East      745,000.             729,000.          700,000.     1/16/09        216

* 138 78th(5)Bed.,(3.5)Bth. West      829,000.             815,000.          800,000.     1/2/09          338

26 55th(5)Bed.,(4)Bth. East              1,179,000.             SAME           995,000.      1/23/09       227

(2) NEW CONSTRUCTION

                                                  ($ 4,306,000.)         ($ 4,196,000.)   ($ 3,902,500.)              (1,325)

Average Original               Average Reduced               Average Sold               Average Days List Price = $717,667.        List Price = $699,333.        Price = $650,417.         on Mkt. = 221

-         Difference between Original List Price and SOLD Price = (9%)

-        Difference between Original List Price and Reduced Price = (3%)

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 2/2/2009) = 304

RESIDENTIAL  (18) - LOTS/LAND (5)  - COMMERCIAL  (10)  - MULTI-FAMILY  (15)

CONDO/TOWNHOUSE  (256)

 2009 FEBRUARY - SEA ISLE CITY, NJ:

 

RESIDENTIAL UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (2)

                                                           ORIGINAL               REDUCED               DAYS ON

ADDRESS                                        LIST PRICE              LIST PRICE            MARKET

130 40TH(2)Bed.,(1)Bth.23x 93      $325,000.                     $299,900.                     57

126 73rd (3)Bed.,(2)Bth. 50x 110     825,000.                       775,000.                     24

 

RESIDENTIAL COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

LOTS/LAND UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

LOTS/LAND COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

COMMERCIAL UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (1)

                                                             ORIGINAL               REDUCED              DAYS ON

ADDRESS                                           LIST PRICE             LIST PRICE           MARKET

8405 Landis 73x 61 lot                       $299,900.                       SAME                       15

         Office/Professional 2,495 sq.ft.

COMMERCIAL COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (14)

                                                                      ORIGINAL               REDUCED            DAYS ON

ADDRESS                                                    LIST PRICE             LIST PRICE         MARKET

4600 Landis(3)Bed.,(2)Bth. #4A                  $259,000.                       SAME                        46

4114 Central(3)Bed.,(2)Bth. #101                  335,000.                      269,900.                      321

121 39th(2)Bed.,(1)Bth. 1stFl                          369,000.                      309,000.                      505

135 65th(2)Bed.,(1.5)Bth. #14                         349,900.                      339,900.                      50

382 43rdPl(3)Bed.,(1)Bth. #C                         379,900.                       SAME                        162

8 84th(2)Bed.,(1)Bth. 1st Fl                              499,000.                      450,000.                       131

374 43rdPl(3)Bed.,(2)Bth. #5                          499,500.                       SAME                         34

126 39th(4)Bed.,(3.5)Bth. East                         599,900.                      529,900.                       113

125 80th(4)Bed.,(2)Bth. East                            599,000.                      569,000.                       124

133 53rd(5)Bed.,(3.5)Bth.                                 795,000.                        SAME                         42

* 137 59th(4)Bed.,(3.5)Bth. East                      825,000.                       795,000.                       159

* 137 56th(6)Bed.,(4.5)Bth. East                      799,000.                         SAME                         42

* 5000 Central(5)Bed.,(3.5)Bth. North            825,000.                         SAME                         199

300 46thPl(4)Bed.,(3)Bth. West                    1,099,000.                       999,000.                        122

(3) NEW CONSTRUCTION

 

 

 

 

 

CONDO/TOWNHOUSE COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (8)

                                                              ORIGINAL     REDUCED     SOLD    CLOSE    DAYS

ADDRESS                                           LIST PRICE       PRICE        PRICE      DATE   onMkt

4114 Central(1)Bed.,(1)Bth. #210        $265,000.          $249,000.      $222,000.   2/17/09      318

3710 Central(3)Bed.,(1)Bth. #A,1stFl    283,900.            259,000.        252,500.   2/4/09        142

6804 Landis(5)Bed.,(3)Bth. North          575,000.             SAME          550,000.  2/29/09       112

9205 Pleasure(2)Bed.,(2)Bth. #202        649,900.            609,900.        575,000.   2/25/09       207

8911 Pleasure(4)Bed.,(2)Bth. West     1,200,000.            725,000.        680,000.   2/27/09       466

* 33 75th(5)Bed.,(3.5)Bth. West             899,000.             879,000.        830,000.   2/10/09       208

* 5600 Pleasure(5)Bed.,(4)Bth. South   969,000.               SAME          925,000.  2/27/09        239

7709 Pleasure(4)Bed.,(3.5)Bth. South  1,995,000.             SAME       1,800,000.  2/23/09        191

(2)NEW CONSTRUCTION

                                                        (6,836,800.)         (6,260,900.)   (5,834,500.)                 (1,883)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $854,600.        List Price = $782,612.        Price = $729,312.        Market = 235

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

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

 

TOATL SEA ISLE CITY SALE INVENTORY (AS OF 3/6/2009) = 301

RESIDENTIAL                                                      16

LOTS/LAND                                                           4

COMMERCIAL                                                     10

MULTI-FAMILY                                                   12

CONDO/TOWNHOUSE                                        259

 

 

2009 MARCH SEA ISLE CITY,NJ:

 

RESIDENTIAL UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (0)

RESIDENTIAL COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (4)

                                               ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                            LIST PRICE     PRICE           PRICE       DATE       onMkt

130 40th (2)Bed.,(1)Bth.         $325,000.         $299,900.        $277,000.     3/28/09        103

126 73rd (3)Bed.,(2)Bth.           825,000.           775,000.          733,000.     3/28/09         70

240 93rd (5)Bed.,(3.5)Bth.Front   1,990,000.    1,750,000.      1,550,000.   3/13/09         363

240 93rd (5)Bed.,(3.5)Bth. Bay     2,550,000.   1,750,000.       1,550,000.   3/13/09        359

                                                 (5,690,000.)     (4,574,900.)   (4,110,000.)                   (895)

Average Original            Average Reduced            Average Sold            Average Days on

List Price = 1,422,500.    List Price = $1,143,725.    Price = $1,027,500.    Market = 224

-         Difference between ORIGINAL List Price and SOLD Price = (28%)

-         Difference between ORIGINAL List Price and REDUCED Price = (20%)

 

 

 

 

LOTS / LAND UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (1)

                                                         ORIGINAL               REDUCED               DAYS ON

ADDRESS                                       LIST PRICE             LIST PRICE            MARKET

33 77th St. 55x 110                         $1,100,000.                   SAME                         133

LOTS / LAND COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (0)

 

COMMERCIAL UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (0)

COMMERCIAL COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (1)

                                                    ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                 LIST PRICE      PRICE          PRICE        DATE      onMkt

8405 E.Landis Ave.                     $299,900.             SAME         $290,000.     3/30/09       56

          Office/Professional 2,495sq.ft.

 

MULTI-FAMILY UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (2)

                                                               ORIGINAL            REDUCED            DAYS ON

ADDRESS                                             LIST PRICE          LIST PRICE          MARKET

209 87th 40x100                                    $259,900.                    SAME                     26

3410 Landis(4/2)Bed.,(2/1)Bth.30x100    599,900.                    SAME                     147

MULTI-FAMILY COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (14)

                                                                          ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                       LIST PRICE         LIST PRICE        MARKET

221 87th(3)Bed.,(1.5)Bth. #304                        $425,000.                $349,900.               319

33 36th (3)Bed.,(1.5)Bth. #2B                            447,500.                  399,900.                522

4111 Landis(2)Bed.,(2)Bth. #3rdFl.E                474,900.                   SAME                  2

242 40th (3)Bed.,(2)Bth. East                             589,000.                  529,000.                147

18 51st (4)Bed.,(2)Bth. 1st Fl                              649,900.                  559,900.                 86

18 51st (4)Bed.,(2)Bth. 2ndFl                             669,900.                  579,900.                 86

122 47th (4)Bed.,(2)Bth. West                            599,000.                   SAME                   16

133 74th (4)Bed.,(2.5)Bth. West                         619,000.                  599,000.                 57

121 81st (4)Bed.,(3)Bth. West                             689,000.                  599,711.                345

114 49th (5)Bed.,(3)Bth. West                            625,000.                  614,900.                 59

138 74th (5)bed.,(3)Bth. East                              724,900.                  629,000.                 186

* 130 48th (5)Bed.,(3.5)Bth. West                      745,000.                  729,000.                 277

* 137 56th (6)Bed.,(4.5)Bth. West                      799,000.                    SAME                  52

6513 Pleasure(5)Bed.,(3.5)Bth. North             1,395,000.               1,295,000.                 72

(2) NEW CONSTRUCTION

 

 

 

 

 

 

 

 

CONDO/TOWNHOUSE COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (14)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                      LIST PRICE      PRICE         PRICE        DATE      onMkt

147 42nd(2)Bed.,(1)Bth. #206          $335,000.          $299,000.        $280,000.   3/28/09        247

3800 Pleasure(2)Bed.,(1)Bth.#405    425,000.            379,900.          355,000.   3/20/09        147

354 43rdPl(3)Bed.,(2)Bth. #1E          395,000.            SAME            360,000.   3/6/09            53

382 43rdPl(3)Bed.,(1)Bth. #C            379,900.            SAME            360,825.   3/27/09         197

8 84th(2)Bed.,(1)Bth. 1stFl                 499,000.            450,000.         414,000.   3/14/09          165

374 43rdPl(3)Bed.,(2)Bth. #5            499,500.             SAME           450,000.   3/28/09           78

125 80th((4)Bed.,(2)Bth. East             599,000.            569,000.         537,500.   3/24/09          163

137 74th(5)Bed.,(3.5)Bth. West          750,000.            659,000.         625,000.   3/31/09          187

33 78th(4)Bed.,(3)Bth. East                799,000.            729,000.          675,000.  3/31/09           313

* 5000 Central(5)Bed.,(3.5)Bth. So   815,000.             799,000.         760,000.  3/23/09           243

133 53rd(5)Bed.,(3.5)Bth. West         795,000.              SAME           765,000.  3/28/09           80

28 79th(4)Bed.,(3)Bth. East             1,225,000.             885,000.         800,000.  3/13/09           340

29 73rd(5)Bed.,(3)Bth. East               817,000.              SAME            817,000.  3/31/09           1

300 46thPl(4)Beed.,(3)Bth. West    1,099,000.             999,000.         975,000.  3/13/09           179

(1) NEW CONSTRUCTION

                                                      (9,432,400.)            (8,655,300.)   (8,174,325.)                (2,393)

Average Original            Average Reduced            Average Sold            Average Days on

List Price = $673,743.     List Price = $618,236.     Price = $583,880.      Market = 171

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

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

 

TOTAL SEA ISLE CITY SALE INVENTORY (AS OF 4/10/09) = (307)

RESIDENTIAL                                                       18

LOTS / LAND                                                          3

COMMERCIAL                                                      8

MULTI-FAMILY                                                    12

CONDO/TOWNHOUSE                                        266