1ST QUARTER AVALON, NJ. - 2011 STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 8 8

-          FEBRUARY 8 8

-          MARCH 10 10

-          (26) (26)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $1,981,000. $1,861,500. $1,726,891. 257

FEBRUARY 2,113,187. 2,028,800. 1,838,108. 255

MARCH 1,621,990. 1,540,260. 1,426,750. 313

 

($5,716,980.) ($5,430,020.) ($4,991,749.) (825)

1ST QTR

AVERAGE $1,905,660. $1,810,007. $1,663,916. 275

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

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

1ST QTR RESIDENTIAL NEW CONSTRUCTION UNDER CONTRACT = (3)

1ST QTR RESIDENTIAL- NEW CONSTRUCTION COMPARABLE SALES = (2)

 

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 0 1

-          MARCH 0 1

(0) (2)

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 0 0

-          MARCH 0 0

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 1

-          FEBRUARY 0 0

-          MARCH 1 0

(1)  (1)

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 6 0

-          FEBRUARY 5 0

-          MARCH 7 5

(18) (5)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

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

FEBRUARY -0- -0- -0- -0-

MARCH $759,400. $759,400. $721,500. 74

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

-          Difference between ORIGINAL List Price and REDUCED List Price = (0%)

 

1ST QTR CONDO/TOWNHOUSE NEW CONSTRUCTION UNDER CONTRACT =(4)

1ST QTR CONDO/TOWNHOUSE NEW CONSTRUCTION COMPARABLE SALES =(1)

 

AVALON COMPARISON 1ST QTR 2009-2010-2011:

 

1ST QTR 1ST QTR 1ST QTR

Residential:2009 Residential: 2010 Residential: 2011

 

UNDER CONTRACT: 11 14 26

COMPARABLE SALES: 4 17 26

 

AVERAGE List Price: $ 867,667. $ 1,543,767. $ 1,905,660.

AVERAGE Sold Price: $ 722,222. $ 1,359,583. $ 1,663,916.

DAYS on MARKET: 172 163 275

 

1st QTR 1st QTR 1st QTR

Condo/Town:2009 Condo/Town:2010 Condo/Town:2011

 

UNDER CONTRACT: 5 11 18

COMPARABLE SALES: 12 10 5

 

AVERAGE List Price: $ 616,772. $ 904,905. $ 759,400.

AVERAGE Sold Price: $ 492,868. $ 664,881. $ 721,500.

DAYS on MARKET: 322 543 74