2ND QUARTER AVALON, NJ 2009 STATISTICS:

 

RESIDENTIAL:                   UNDER CONTRACT               COMPARABLE SALES

APRIL                                                     1                                                   5                                             

MAY                                                        8                                                  10

JUNE                                                       5                                                   4

(14)                                                                                                (19)

                   ORIGINAL List Price     REDUCED List Price     SOLD Price    Days on Mkt

APRIL        $ 1,699,000.                       $1,529,800.                       $1,359,000.         521

MAY              1,931,630.                         1,839,900.                         1,722,750.         110

JUNE             1,198,750.                         1,123,750.                         1,030,000.         200

 

2ND QTR

AVERAGE    ($1,609,793.)                  ($1,497,817.)                    ($1,370,583.)       (277)

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

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

 

LOTS/LAND:                             UNDER CONTRACT                COMPARABLE SALES

APRIL                                                          1                                                       1   

MAY                                                             0                                                       0

JUNE                                                            0                                                       0

(1)                                                                                                          (1)

COMMERCIAL:                                       

APRIL                                                           0                                                        0

MAY                                                              0                                                        1

JUNE                                                             0                                                        0

                                                                                                                                 (1)

MULTI-FAMILY:                                        

APRIL                                                            0                                                        0

MAY                                                               0                                                        0

JUNE                                                              0                                                        0

 

CONDO/TOWNHOUSE:

APRIL                                                             3                                                        5

MAY                                                                2                                                        7

JUNE                                                               7                                                         5

(12)                                                                                                        (17)

                ORIGINAL List Price     REDUCED List Price     SOLD Price   Days on Mkt

APRIL     $674,774.                           $647,774.                          $608,157.              255

MAY          633,257.                             529,414.                            491,853.              406

JUNE         686,200.                             619,200.                            580,500.              191

 

2ND QTR

AVERAGE ($664,744.)                    ($598,796.)                        ($560,170.)           (284)

-         Difference between ORIGINAL List Price and SOLD Price = (16%)

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

 

AVALON COMPARISON: 1ST QTR 2009 VS. 2ND QTR 2009:

 

1ST QTR TOTAL RESIDENTIAL UNITS UNDER CONTRACT = (11)

1ST QTR TOTAL RESIDENTIAL UNITS SOLD = (4)

 

1ST QTR

AVERAGE ORIGINAL List Price      REDUCED Price   SOLD Price     Days on Mkt

                      $867,667.                            $779,778.                  $722,222.               172

 

2ND QTR TOTAL RESIDENTIAL UNITS UNDER CONTRACT = (14)

2ND QTR TOTAL RESIDENTIAL UNITS SOLD = (19)

 

2ND QTR

AVERAGE  ORIGINAL List Price      REDUCED List Price   SOLD Price   Days on Mkt

                       $1,609,793.                         $1,497,817.                     $1,370,583.          277

 

 

1ST QTR TOTAL CONDO/TOWNHOUSE UNITS UNDER CONTRACT = (5)

1ST QTR TOTAL CONDO/TOWNHOUSE UNITS SOLD = (12)

 

1ST QTR

AVERAGE   ORIGINAL List Price    REDUCED List Price    SOLD Price   Days on Mkt

                        $616,772.                          $521,966.                         $492,868.             322

 

2ND QTR TOTAL CONDO/TOWNHOUSE UNITS UNDER CONTRACT = (7)

2ND QTR TOTAL CONDO/TOWNHOUSE UNITS SOLD = (17)

 

2ND QTR

AVERAGE   ORIGINAL List Price    REDUCED List Price   SOLD Price    Days on Mkt

                        $664,744.                            $598,796.                        $560,170.               284