2ND QUARTER AVALON, NJ. 2011 STATISTICS:

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

-          APRIL 5 12

-          MAY 6 9

-          JUNE 3 11

(14) (32)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

APRIL $1,719,167. $1,662,333. $1,559,710. 180

MAY 1,485,111. 1,400,322. 1,268,129. 307

JUNE 2,044,354. 1,853,182. 1,665,409. 325

 

($5,248,632.) ($4,915,837.) ($4,493,248.) (812)

2ND QUARTER

AVERAGE $1,749,544. $1,638,612. $1,497,749. 271

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

-          Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

2ND QTR RESIDENTIAL NEW CONSTRUCTION UNDER CONTRACT = (1)

2ND QTR RESIDENTIAL NEW CONSTRUCTION COMPARABLE SALES = (4)

 

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

-          APRIL 1 0

-          MAY 0 1

-          JUNE 0 0

 

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

-          APRIL 0 0

-          MAY 1 1

-          JUNE 0 0

 

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

-          APRIL 0 0

-          MAY 0 0

-          JUNE 1 0

 

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

-          APRIL 6 6

-          MAY 3 14

-          JUNE 6 6

(15) (26)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Market

APRIL $743,500. $651,983. $631,333. 411

MAY 873,485. 847,548. 777,392. 223

JUNE 980,333. 891,166. 809,167. 439

 

($2,597,318.) ($2,390,697.) ($2,271,892.) (1,073)

2ND QUARTER

AVERAGE $865,773. $796,899. $757,297. 358

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

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

 

2ND QTR CONDO/TOWNHOUSE NEW CONSTRUCTION UNDER CONTRACT = 4

2ND QTR CONDO/TOWNHOUSE NEW CONSTRUCTION COMPARABLE SALES = 7

 

AVALON COMPARISON 2ND QTR: 2009-2010-2011:

 

2nd QTR 2ND QTR 2ND QTR

RESIDENTIAL: 2009 RESIDENTIAL: 2010 RESIDENTIAL: 2011

UNDER CONTRACT: 14 10 14

COMPARABLE SALES: 19 17 32

 

AVERAGE List Price: $1,609,793. $1,891,186. $1,749,544.

AVERAGE Sold Price: $1,370,583. 1,592,240. 1,497,749.

DAYS on MARKET: 277 309 271

 

2ND QTR 2ND QTR 2ND QTR

CONDO/TOWNHOUSE CONDO/TOWNHOUSE CONDO/TOWNHOUSE

2009 2010 2011

UNDER CONTRACT: 12 13 15

COMPARABLE SALES: 17 16 26

 

AVERAGE List Price: $664,744. $679,353. $865,773.

AVERAGE Sold Price: $560,170. $624,535. $757,297.

DAYS on MARKET: 284 152 358

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1ST QUARTER AVALON, NJ. 2011 STATISTICS:

UNDER COMPARABLE AVERAGE AVERAGE DAYS ON

CONTRACT SALES LIST PRICE SOLD PRICE MARKET

RESIDENTIAL: 26 26 $1,905,660. $1,663,916. 275

Condo/Town: 18 5 $ 759,400. $ 721,500. 74