3RD QUARTER AVALON,NJ -2010 STATISTICS:

 

RESIDENTIAL UNDER CONTRACT COMPARABLE SALES

JULY 11 2

AUGUST 8 4

SEPTEMBER 8 18

(27) (24)

ORIGINAL List Price REDUCED Price SOLD Price DAYS on Mkt

JULY $ 1,322,500. $ 1,289,500. $ 1,241,250. 123

AUGUST 2,759,750. 2,085,000. 1,743,750. 366

SEPTEMBER 1,681,722. 1,550,333. 1,420,778. 299

($5,763,972.) ($4,924,833.) ($4,405,778.) (788)

3RD QTR

AVERAGE $ 1,921,324. $ 1,641,611. $ 1,468,593. 263

-         Difference between ORIGINAL List Price and SOLD Price = (24%)

-         Difference between ORIGINAL List Price and REDUCED Price = (15%)

-          

3RD QTR RESIDENTIAL NEW CONSTRUCTION UNDER CONTRACT = (4)

3RD QTR RESIDENTIAL NEW CONSTRUCTION COMPARABLE SALES = (3)

 

LOTS/LAND UNDER CONTRACT COMPARABLE SALES

JULY 0 1

AUGUST 1 0

SEPTEMBER 0 0

(1)   (1)

COMMERCIAL UNDER CONTRACT COMPARABLE SALES

JULY 0 0

AUGUST 0 0

SEPTEMBER 0 0

 

MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES

JULY 0 0

AUGUST 0 0

SEPTEMBER 0 1

(1)

 

 

 

CONDO/TOWNHOUSE UNDER CONTRACT COMPARABLE SALES

JULY 6 3

AUGUST 7 6

SEPTEMBER 6 4

(19) (13)

ORIGINAL List Price REDUCED Price SOLD Price DAYS on Mkt

JULY $ 704,667. $ 649,300. $ 603,333. 263

AUGUST 602,833. 582,150. 555,667. 172

SEPTEMBER 637,247. 624,747. 540,000. 375

($ 1,944,747.) ($ 1,856,197.) ($ 1,699,000.) (810)

3RD QTR

AVERAGE $ 648,249. $ 618,732. $ 566,333. 270

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

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

 

3RD QTR NEW CONSTRUCTION CONDO/TOWNHOUSE UNDER CONTRACT = 1

3RD QTR NEW CONSTRUCTION CONDO/TOWNHOUSE Comparable Sales = 1

 

1ST-2ND-3RD QTR 2010 AVALON,NJ STATISTICS

 

RESIDENTIAL UNDER CONTRACT COMPARABLE SALES

1ST QTR 14 17

2ND QTR 10 17

3RD QTR 27 24

TOTALS: (51) (58)

 

RESIDENTIAL

AVERAGE: ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

1ST QTR $ 1,543,767. $ 1,471,667. $ 1,359,583. 163

2ND QTR 1,891,186. 1,765,880. 1,592,240. 309

3RD QTR 1,921,324. 1,641,611. 1,468,593. 263

RESIDENTIAL GROSS DOLLARS SOLD

1ST QTR = $ 24, 765,000.

2ND QTR = $ 28,999,666.

3RD QTR = $ 35,031,500.

 

RESIDENTIAL

NEW CONSTRUCTION UNDER CONTRACT COMPARABLE SALES

1ST QTR 1 1

2ND QTR 0 1

3RD QTR 4 3

 

 

 

 

LOTS/LAND UNDER CONTRACT COMPARABLE SALES

1ST QTR 2 1

2ND QTR 0 3

3RD QTR 1 1

 

COMMERCIAL UNDER CONTRACT COMPARABLE SALES

1ST QTR 0 0

2ND QTR 0 0

3RD QTR 0 0

 

MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES

1ST QTR 0 0

2ND QTR 1 0

3RD QTR 0 1

 

CONDO/TOWNHOUSE UNDER CONTRACT COMPARABLE SALES

1ST QTR 11 10

2ND QTR 13 16

3RD QTR 19 13

TOTALS: (43) (39)

 

CONDO/TOWNHOUSE

AVERAGE: ORIGINAL List Price REDUCED Price SOLD Price DAYS on Mkt

1ST QTR $ 904,905. $ 754,714. $ 664,881. 543

2ND QTR 679,353. 667,788. 624,535. 152

3RD QTR 648,249. 618,732. 566,333. 270

 

CONDO/TOWNHOUSE GROSS DOLLARS SOLD

1ST QTR = $ 7,627,500.

2ND QTR = $ 9,975,000.

3RD QTR = $ 7,304,000.

 

CONDO/TOWNHOUSE

NEW CONSTRUCTION UNDER CONTRACT COMPARABLE SALES

1ST QTR 3 1

2ND QTR 0 1

3RD QTR 1 1

 

END