4TH QUARTER AVALON,NJ 2008 STATISTICS:

 

RESIDENTIAL:                       UNDER CONTRACT             COMPARABLE SALES

OCTOBER                                                1                                                      11

NOVEMBER                                            1                                                       3

DECEMBER                                             3                                                      5

(5)                                                                                                        (19)

Residential:   ORIGINAL List Price     REDUCED List Price     SOLD Price     Days onMkt

OCTOBER    $ 2,515,727.                       $ 2,346,636.                      $ 2,110,545.              349

NOVEMBER   1,493,333.                          1,441,167.                         1,367,000.              279

DECEMBER   1,490,800.                          1,429,800.                          1,308,999.              199

                        (5,499,860.)                        (5,217,603.)                      (4,786,544.)             (827)

4TH QUARTER

AVERAGES:  $  1,833,287.                   $ 1,739,201.                       $ 1,595,515.              276

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

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

 

CONDO/TOWNHOUSE:              UNDER CONTRACT             COMPARABLE SALES

OCTOBER                                                      4                                                     3

NOVEMBER                                                  -0-                                                   6

DECEMBER                                                   4                                                     7

(8)                                                                                                        (16)

 

Condo/Townhouse: ORIGINAL List Price     REDUCED List Price     SOLD Price     DOM

OCTOBER                $ 1,283,300.                      $ 1,271,667.                      $ 1,163,500.       198

NOVEMBER                  715,230.                            683,563.                             634,953.      227

DECEMBER                   804,996.                           756,996.                             713,994.       166

                                      (2,803,526.)                     (2,712,226.)                      (2,512,447.)      (591)

4TH QUARTER

AVERAGES:            $ 934,509.                          $ 904,407.                          $ 837,482.         197

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

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