2ND QUARTER AVALON,NJ 2010 STATISTICS:

 

RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

APRIL 1 4

MAY 4 9

JUNE 5 4

(10)                                                                                              (17)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

APRIL $1,911,225. $1,748,750. $1,650,250. 268

MAY 2,425,333. 2,281,889. 1,978,555. 271

JUNE 1,337,000. 1,267,000. 1,147,916. 387

 

($5,673,558.) ($5,297,639.) ($4,776,721.) (926)

2ND QTR

AVERAGE $1,891,186. $1,765,880. $1,592,240. 309

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

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

 

2ND QTR RESIDENTIAL NEW CONSTRUCTION UNDER CONTRACT = (0)

2ND QTR RESIDENTIAL NEW CONSTRUCTION COMPARABLE SALES = (1)

 

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

APRIL 0 1

MAY 0 2

JUNE 0 0

(0)                                                                                                (3)

 

COMMERCIAL UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 0 0

 

MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES

APRIL 0 0

MAY 0 0

JUNE 1 0

(1)                                                                                                (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT COMPARABLE SALES

APRIL 3 3

MAY 4 8

JUNE 6 5

(13)                                                                                                        (16)

 

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

APRIL $782,833. $766,333. $721,667. 194

MAY 735,625. 727,250. 683,437. 108

JUNE 519,600. 509,780. 468,500. 154

($2,038,058.) ($2,003,363.) ($1,873,604.) (456)

 

2ND QTR

AVERAGE $679,353. $667,788. $624,535. 152

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

-        Difference between ORIGINAL List Price and REDUCED Price = (2%)

 

2ND QTR NEW CONSTRUCTION CONDO/TOWNHOUSE UNDER CONTRACT = 1

2ND QTR NEW CONSTRUCTION CONDO/TOWNHOUSE Comparable Sales = 3