APRIL, 2008 AVALON, NJ.

 

RESIDENTIAL UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (10)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

265 17TH St. (2)Bed.,(1)Bth. $779,000. $749,000. 88

213 36th. (4)Bed;.,(1.5)Bth. 899,900. 875,000. 91

233 37th (4)Bed.,(3)Bth. 995,000. SAME 173

303 75th (4)Bed.,(2)Bth. 1,495,000. 1,399,000. 257

547 42nd (4)Bed.,(2.5)Bth. 2,900,000. 2,295,000. 230

198 77th (4)Bed.,(3.5)Bth. 2,595,000. 2,345,000. 564

286 76th (5)Bed.,(5)Bth. 2,749,000. 2,599,000. 418

503 42nd (4)Bed.,(3)Bth. 2,995,000. 2,795,000. 525

170 58th (4)Bed.,(3.5)Bth. 4,895,000. 4,695,000. 897

 

RESIDENTIAL COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

238 36th (3)Bed.,(2)Bth. $875,000. SAME $825,000. 4/25/08 161

246 35th (4)Bed.,(3)Bth. 1,149,000. 1,000,000. 975,000. 4/18/08 216

181 7th (3)Bed.,(2.5)Bth. 1,299,900. 995,000. 979,000. 4/12/08 332

222 56th (2)Bed.,(1.5)Bth. 1,325,000. 1,199,000. 1,100,000. 4/28/08 201

264 7th (4)Bed.,(4)Bth. 1,750,000. 1,299,000. 1,250,000. 4/05/08 901

65 W. 18th (5)Bed.,(3)Bth. 1,695,000. 1,450,000. 1,360,000. 4/22/08 464

* 274 65th (5)Bed.,(4/2)Bth. 3,295,000. 2,995,000. 2,775,000. 4/17/08 251

* 312 58th (5)Bed.,(5/2)Bth. 3,199,000. 2,995,000. 2,775,000. 4/11/08 349

74 W. 27th (7)Bed.,(7)Bth. 3,279,000. 2,995,000. 2,791,550. 4/21/08 213

84 E. 16th (4)Bed.,(4)Bth. 4,295,000. 3,990,000. 3,800,000. 4/24/08 252

35 Flamingo (5)Bed.,(5/2)Bth. 5,500,000. 3,950,000. 3,850,000. 4/25/08 522

6909 Dune (6)Bed.,(6/2)Bth. 4,995,000. SAME 4,150,000. 4/1/08 856

(*) NEW CONSTRUCTION = 2

(32,656,900.) (27,863,000.) (26,630,550.) (4,718)

 

Average Original Average Reduced Average SOLD Average Days

List Price = $2,721,408. List Price = $2,321,917. Price = $2,219,212. on Mkt = 393

 

Difference between Original List Price and SOLD Price = (19%)

Difference between Original List Price and REDUCED Price = (15%)

 

LOTS / LAND UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

LOTS / LAND COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

COMMERCIAL COMPARABLE SALES: 4/1/2008 TO 4/20/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 4/1/2008 TO 4/30/2008 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

301 80TH (3)Bed.,(2)Bth. #17 $655,000. $629,000. 55

2302 Dune (3)Bed.,(3)Bth. 899,000. SAME 371

503 20th (5)Bed.,(4)Bth. West 1,999,000. 1,595,000. 1037

 

CONDO/TOWNHOUSE COMPARABLE SALES: 4/1/2008 TO 4/30/2008 = (5)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

234 21st (2)Bed.,(2)Bth. #101 $492,000. $449,000. $395,000. 4/21/08 126

242 29th (4)Bed.,(2.5)Bth. East 669,000. SAME 650,000. 4/22/08 185

280 28th (4)Bed.,(2)Bth. North 834,000. 699,000. 650,000. 4/9/08 377

226 24th (5)Bed.,(2.5)Bth. West 949,000. 699,000. 662,500. 4/19/08 883

520 20th (5)Bed.,(4)Bth. South 1,495,000. SAME 1,400,000. 4/19/08 250

(4,439,000.) (4,011,000.) (3,757,500.) (1,821)

 

Average Original Average Reduced Average SOLD Average Days on

List Price = $887,800. List Price = $802,200. Price = $751,500. Market = 364

 

Difference between Original List Price and SOLD Price = (15%)

Difference between Original List Price and REDUCED Price = (10%)

 

TOTAL AVALON SALE INVENTORY (AS OF 5/12/2008) = (415):

RESIDENTIAL 217

LOTS / LAND 21

COMMERCIAL 11

MULTI-FAMILY 11

CONDO/TOWNHOUSE 155

 

 

 

 

 

 

 

 

 

 

 

 

 

MAY- 2008 AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (11)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

221 43rd (3)Bed.,(1.5)Bth. $1,150,000. $999,999. 316

148 10th (4)Bed.,(1.5)Bth. 1,195,000. SAME 197

38 & 119 MeadowView (4)Bed.,(3.5)Bth. 1,295,000. SAME 116

1838 Dune (4)Bed.,(2.5)Bth. 1,739,000. 1,339,000. 802

210 53rd (4)Bed.,(2)Bth. 1,400,000. SAME 455

120 28th (5)Bed.,(5)Bth. 1,975,000. 1,749,000. 621

6168 Dune (4)Bed.,(3)Bth. 1,875,000. SAME 186

45 E. 27th (6)Bed.,(3.5) 2,100,000. 1,950,000. 250

* 7558 Dune (5)Bed.,(4/2)Bth. 2,895,000. SAME 63

* 45 W. 23rd (7)Bed.,(7/2)Bth. 3,275,000. 3,095,000. 232

4301 Bayberry (7)Bed.,(7/2)Bth. 7,250,000. SAME 403

(*) NEW CONSTRUCTION = 2

 

RESIDENTIAL COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (15)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

265 17th (2)Bed.,(1)Bth.50x110 $779,000. $749,000. $675,000. 5/19/08 110

176 31st (3)Bed.,(2)Bth.50x110 1,095,000. 775,000. 707,000. 5/22/08 715

213 36th (4)Bed.,(1.5)Bth.50x110 899,900. 875,000. 825,000. 5/19/08 128

470 20th (4)Bed.,(2.5)Bth. 40x100 1,195,000. SAME 950,000. 5/2/08 92

262 60th (3)Bed.,(1.5)Bth. 60x110 1,399,000. 1,199,000. 975,000. 5/2/08 276

169 18th (6)Bed.,(4)Bth. 50x110 1,350,000. SAME 1,300,000. 5/16/08 75

303 75th (4)Bed.,(2)Bth.60x110 1,495,000. 1,399,000. 1,317,500. 5/16/08 296

238 47th (5)Bed.,(4)Bth.60x110 1,715,000. SAME 1,550,000. 5/16/08 123

45 E. 27th (6)Bed.,(3.5)Bth50x110 2,100,000. 1,950,000. 1,800,000. 5/23/08 258

696 22nd (4)Bed.,(2.5)Bth.50x130 2,450,000. 1,995,000. 1,750,000. 5/8/08 598

* 286 76th (5)Bed.,(5)Bth.60x110 2,749,000. 2,599,000. 2,295,000. 5/12/08 418

4606 Fifth(5)Bed.,(2.5)Bth.60x155 3,495,000. 2,495,000. 2,450,000. 5/1/08 292

153 76th (5)Bed.,(4.5)Bth. 60x110 4,295,000. 4,150,000. 4,150,000. 5/2/08 31

* 94 E. 22nd (6)Bed.,(6.5)Bth.55x100 6,395,000. SAME 6,000,000. 5/3/08 235

4301 Bayberry(7)Bed.,(7/2)Bth.100x145 7,250,000. SAME 6.500,000. 5/30/08 416

(*) NEW CONSTRUCTION = 2

(38,661,900.) (36,091,000.) (33,244,500.) (4,063)

 

Average Original Average Reduced Average SOLD Average Days

List Price = $2,577,460. List Price = $2,406,067. Price = $2,216,300. on MKT = 271

 

Difference between ORIGINAL List Price and SOLD Price = (14%)

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

 

 

LOTS / LAND UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

LOTS / LAND COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

COMMERC IAL UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

COMMERCIAL COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 5/1/2008 TO 5/31/2008 = (2)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

* 2310 Dune (3)Bed.,(3)Bth. #2310 $849,000. $799,000. 406

754 Sunrise Dr(4)Bed.,(3.5)Bth.East 995,000. 849,000. 785

(*) NEW CONSTRUCTION = 1

 

CONDO/TOWNHOUSE COMPARABLE SALES: 5/1/2008 TO 5/31/2008 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

383 40th (4)Bed.,(2)Bth. C-A $699,000. SAME $585,000. 5/1/08 281

301 80th (3)Bed.,(2)Bth. #17 655,000. 629,000. 600,000. 5/16/08 90

214 27th (5)Bed.,(3.5)Bth. East 799,000. 775,000. 700,000. 5/1/08 104

226 27th (5)Bed.,(3)Bth. #226 899,000. SAME 862,500. 5/28/08 82

6890 Ocean (4)Be3d.,(3)Bth. #6890 1,080,000. SAME 965,000. 5/2/08 147

* 503 20th (5)Bed.,(4)Bth. West 1,999,000. 1,595,000. 1,500,000. 5/14/08 1092

(*) NEW CONSTRUCTION = 1

(6,131,000.) (5,677,000.) (5,212,500.) (1,796)

 

Average Original Average Reduced Average SOLD Average Days on

List Price = $1,021,833. List Price = $946,167. Price = $868,750. Market = 299

 

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

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

 

TOTAL ACTIVE AVALON SALE INVENTORY (AS OF 5/29/08) = 412

RESIDENTIAL 215

LOTS / LAND 22

COMMERCIAL 11

MULTI-FAMILY 12

CONDO/TOWNHOUSE 152