1ST QUARTER AVALON,NJ 2008 STATISTICS:

 

RESIDENTIAL:          UNDER CONTRACT                    COMPARABLE SALES

JANUARY                                   4                                                          7

FEBRUARY                               12                                                        10

MARCH                                      10                                                         8

(26)                                                                                                            (25)

 

                        ORIGINAL List Price    REDUCED List Price   SOLD Price  Days on Mkt

JANUARY              $ 1,996,429.                 $ 1,813,857.                $ 1,487,429.             312

FEBRUARY              2,060,356.                    1,735,500.                    1,586,650.            606

MARCH                    1,946,625.                    1,759,750.                    1,574,812.            311

 

1ST QUARTER       $6,003,410.                  $5,309,107.                  $4,648,891.            1,229

AVERAGE              (2,001,137.)                 (1,769,702.)                  (1,549,630.)          (410)

 

-         Difference between ORIGINAL List Price and SOLD Price = (23%)

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

 

LOTS / LAND:             UNDER CONTRACT                    COMPARABLE SALES

JANUARY                                   0                                                            1

FEBRUARY                                0                                                            4

MARCH                                      0                                                             0

                                                     (0)                                                         (5)

 

COMMERCIAL:         UNDER CONTRACT                     COMPARABLE SALES

JANUARY                                     0                                                           0

FERBUARY                                  0                                                           0

MARCH                                        0                                                           0

(0)                                                                                                                  (0)

 

MULTI-FAMILY:       UNDER CONTRACT                     COMPARABLE SALES

JANUARY                                     0                                                            0

FEBRUARY                                  0                                                            1

MARCH                                         0                                                           0

                                                       (0)                                                         (1)

 

CONDO/

TOWNHOUSE:            UNDER CONTRACT                      COMPARABLE SALES

JANUARY                                       2                                                            0

FEBRUARY                                    5                                                            1

MARCH                                           2                                                            5

                                                          (9)                                                         (6)

                          ORIGINAL List Price     REDUCED List Price   SOLD Price   Days on Mkt

JANUARY                    -0-                                      -0-                                -0-                 -0-

FEBRUARY             $985,000.                       $850,000.                    $775,000.             461

MARCH                   1,480,200.                      1,296,600.                   1,162,900.            266

1ST QUARTER        $2,465,200.                  $2,146,600.                   $1,937,900.             727               

AVERAGE                (821,733.)                     (715,534.)                      (645,967.)            (242)

 

-         Difference between ORIGINAL List Price and SOLD Price = (21%)

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

 

 

AVALON - COMPARISON 1ST QTR - 2007 VS. 1ST QTR 2008:

 

Residential: Average ORIGINIAL   Average REDUCED   Average SOLD   Average Days

                          List Price                        List Price                     Price                 on Market

 

1st Qtr., 2007    $2,357,278.                $2,238,694.                  $2,057,911.                 174

-         Difference between Original List Price and Sold Price = (13%)

-         Difference between Original List Price and Reduced Price = (5%)

 

1st Qtr., 2008    $2,001,137.                $1,769,702.                  $1,549,630.                 410

-         Difference between Original List Price and Sold Price = (23%)

-         Difference between Original List Price and Reduced Price = (12%)

 

-         TOTAL RESIDENTIAL SALES 1ST QTR. AVALON 2007 = 18

-         TOTAL RESIDENTIAL SALES 1ST QTR. AVALON 2008 = 25

 

 

Condo/

TownHouse: Average ORIGINAL    Average REDUCED    Average SOLD    Average Days

                               List Price                          List Price                  Price                on Market

 

1st Qtr., 2007      $1,018,170.                      $939,576.                    $890,571.                    274

-         Difference between Original List Price and Sold Price = (13%)

-         Difference between Original List Price and Reduced Price = (8%)

-          

1st Qtr., 2008      $   821,733.                      $715,534.                    $645,967.                    242

-         Difference between Original List Price and Sold Price = (21%)

-         Difference between Original List Price and Reduced Price = (13%)

 

-         TOTAL CONDO/TOWNHOUSE SALES 1ST QTR. AVALON 2007 = 17

-         TOTAL CONDO/TOWNHOUSE SALES 1ST QTR. AVALON 2008 = 6