2010 - JULY AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (11)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

219 22ND St.,(3)Bed.,(1)Bth. $939,000. $614,900. 1,149

223 37th St.,(4)Bed.(2)Bth. 869,900. 785,000. 349

121 33rd St.,(3)Bed.,(2)Bth. 1,300,000. 999,999. 537

573 21st (4)Bed.,(3)Bth. 1,895,000. 1,099,000. 490

250 60th (3)Bed.,(1.5)Bth. 1,195,000. SAME 95

168 33rd (4)Bed.,(3)Bth. 1,395,000. 1,295,000. 105

5050 Dune (4)Bed.,(2.5)Bth. 1,450,000. 1,299,000. 193

176 9th (5)Bed.,(5.5)Bth. 1,795,000. 1,500,000. 451

75 W. 28th (5)Bed.,(4.5)Bth. 1,699,000. SAME 142

5729 Ocean (5)Bed.,(4)Bth. 2,300,000. 1,975,000. 399

5748 Dune (5)Bed.,(5/2)Bth. 2,550,000. SAME 139

 

RESIDENTIAL COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (2)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

318 42nd St. (4)Bed.,(2)Bth. $895,000. $829,000. $775,000. 7/16/10 137

* 121 12th(5)Bed.,(4/2)Bth. 1,750,000. SAME 1,707,500. 7/2/10 110

(1)NEW CONSTRUCTION

(2,645,000.) (2,579,000.) (2,482,500.) (247)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,322,500. List Price = $1,289,500. Price = $1,241,250. Market = 123

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

-         Difference between ORIGINAL List Price and REDUCED Price = (3%)

 

LOTS/LAND UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (0)

LOTS/LAND COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

92 & 82 E. 13th Street $5,500,000. SAME $5,000,000. 7/25/10 179

(110x 110 60x 110 1st 50x 110 2nd Lot)

Average Original Average Reduced Average Sold Average Days on

List Price = $5,500,000. List Price $5,500,000. Price = $5,000,000. Market 179

-         Difference between ORIGINAL List Price and SOLD Price = (9%)

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

 

COMMERCIAL UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (0)

COMMERCIAL COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (0)

MULTI-FAMILY COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (0)

CONDO/TOWNHOUSE UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

286 16th(3)Bed.,(2)Bth. #4 $399,000. SAME 1

268 12th (3)Bed.,(2.5)Bth. #268 529,000. 499,000. 219

3027 Dune (3)Bed.,(3)Bth. #3027 610,000. SAME 14

295 16th (3)Bed.,(2.5)Bth. #295 699,000. 649,000. 1,108

2615 Ocean (4)Bed.,(3)Bth. #2615 729,000. 699,900. 92

* 493 21st (4)Bed.,(4.5)Bth. West 775,000. SAME 16

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

700 Ocean Dr. (3)Bed.,(2.5)Bth. $769,000. $669,000. $600,000. 7/12/10 178

700 First Ave.(2)Bed.,(2)Bth. #417 600,000. 579,000. 525,000. 7/15/10 240

2487 Ocean(4)Bed.,(3.5)Bth. #2487 745,000. 699,900. 685,000. 7/31/10 372

(2,114,000.) (1,947,900.) (1,810,000.) (790)

Average Original Average Reduced Average Sold Average Days on

List Price = $704,667. List Price = $649,300. Price = $603,333. Market = 263

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 8-9-10) = 408

RESIDENTIAL 239

LOTS/LAND 24

COMMERCIAL 10

MULTI-FAMILY 10

CONDO/TOWNHOUSE 125

 

 

2010 AUGUST AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (8)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

275 19th (3)Bed.,(1.5)Bth. $689,000. SAME 13

739 Dune (5)Bed.,(5.5)Bth. 1,895,000. 1,775,000. 65

590 24th (5)Bed.,(2.5)Bth. 1,075,000. 999,000. 113

4510 Fifth (4)Bed.,(3)Bth. 2,399,000. SAME 193

* 258 70th (6)Bed.,(6)Bth. 2,495,000. 2,395,000. 224

* 16 E. 13th (5)Bed.,(5.5)Bth. 2,950,000. 2,750,000. 219

143 25th (4)Bed.,(2)Bth. 1,100,000. 990,000. 364

* 547 42nd (5)Bed.,(5-2)Bth. 4,495,000. 4,695,000. 380

(3)NEW CONSTRUCTION

 

 

RESIDENTIAL COMPARABLE SALES 8/1/2010 TO 8/31/2010 = (4)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

63 W. 23rd (4)Bed.,(2)Bth. $1,650,000. SAME $1,300,000. 8/12/10 89

43 W. 25th (4)Bed.,(2)Bth. 1,395,000. SAME 1,200,000. 8/9/10 142

488 22nd (3)Bed.,(1)Bth. 1,495,000. 1,395,000. 1,175,000. 8/2/10 293

99 E. 27th (5)Bed.,(5-2)Bth. 6,499,000. 3,900,000. 3,300,000. 8/30/10 940

(11,039,000.) (8,340,000.) (6,975,000.) (1,464)

Average Original Average Reduced Average Sold Average Days on

List Price = $2,759,750. List Price = $2,085,000. Price = $1,743,750. Market = 366

-         Difference between ORIGINAL List Price and SOLD Price = (37%)

-         Difference between ORIGINAL List Price and REDUCED Price = (25%)

 

LOTS/LAND UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

538 42nd Street - 59x 155 $2,695,000. $2,295,000. 160

LOTS/LAND COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

COMMERCIAL UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

COMMERCIAL COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

MULTI-FAMILY COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (7)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

602 Sunrise (5)Bed.,(3)Bth. #602 $735,000. SAME 9

2322 Dune (3)Bed.,(3)Bth. #2322 649,000. SAME 30

66 E. 20th (2)Bed.,(2)Bth. #205 945,000. SAME 48

7901 Ocean (3)Bed.,(2)Bth. #C-5 500,000. SAME 79

440 20th (3)Bed.,(2)Bth. 1st Fl 475,000. 438,000. 137

501 24th (4)Bed.,(4)Bth. East 1,699,000. 1,525,000. 208

7901 Ocean (3)Bed.,(2)Bth. #C-1 529,900. 499,000. 563

 

CONDO/TOWNHOUSE COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

286 16th (3)Bed.,(2)Bth. #4 $399,000. SAME $399,000. 8/14/10 44

3027 Dune (3)Bed.,(3)Bth. #3027 610,000. SAME 585,000. 8/21/10 67

3023 Dune (3)Bed.,(3)Bth. #3023 610,000. SAME 585,000. 8/14/10 96

2615 Ocean (4)Bed.,(3)Bth. #2615 729,000. 699,900. 690,000. 8/21/10 149

268 12th (3)Bed.,(2.5)Bth. #268 529,000. 499,000. 420,000. 8/17/10 249

6732 Ocean (3)Bed.,(2)Bth. #6732 740,000. 675,000. 655,000. 8/6/10 430

(3,617,000.) (3,492,900.) (3,334,000.) (1,035)

Average Original Average Reduced Average Sold Average Days on

List Price = $602,833. List Price = $582,150. Price = $555,667. Market = 172

 

TOTAL AVALON SALE INVENTORY (AS OF 9-11-2010) = 408:

RESIDENTIAL 240

LOTS/LAND 25

COMMERCIAL 17

MULTI-FAMILY 11

CONDO/TOWNHOUSE 115

 

2010 SEPTEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (8)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

226 54th (3)Bed.,(1.5)Bth. $ 997,500. SAME 200

*265 17th (5)Bed.,(5)Bth. 1,499,000. 1,399,000. 254

10 E. 10th (5)Bed.,(3)Bth. 1,999,000. 1,899,000. 92

4615 Fifth (5)Bed.,(3.5)Bth. 2,300,000. 1,979,000. 198

23 E. 27th (5)Bed.,(4)Bth. 3,649,000. 1,999,950. 1,493

7528 Sunset Dr. (3)Bed.,(1)Bth. 2,695,000. 2,395,000. 356

*257 70th (6)Bed.,(6)Bth. 2,550,000. 2,500,000. 312

157 72nd (5)Bed.,(4.5)Bth. 3,500,000. SAME 289

(1)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 9/1/2010 TO 9/30/20/10 = (18)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

275 19th(3)Bed.,(1.5)Bth. $689,000. SAME $665,000. 9/15/10 55

179 30th (3)Bed.(1)Bth. 884,000. 839,000. 750,000. 9/3/10 759

223 13th (5)Bed.,(3)Bth. 899,000. SAME 899,000. 9/18/10 150

590 24th (5)Bed.,(2.5)Bth. 1,075,000. 999,000. 925,000. 9/20/10 158

121 33rd (3)Bed.,(2)Bth. 1,300,000. 999,999. 925,000. 9/10/10 586

38 W. 22nd (4)Bed.,(2)Bth. 1,475,000. 998,000. 937,500. 9/17/10 854

 

244 23rd (4)Bed.,(4)Bth. 1,325,000. 1,249,000. 1,137,500. 9/18/10 159

5050 Dune (4)Bed.,(2.5)Bth. 1,450,000. 1,299,000. 1,150,000. 9/10/10 249

168 33rd (4)Bed.,(3)Bth. 1,395,000. 1,295,000. 1,180,000. 9/10/10 161

176 9th (5)Bed.,(5.5)Bth. 1,795,000. 1,500,000. 1,470,000. 9/10/10 504

739 Dune (5)Bed.,(5.5)Bth. 1,895,000. 1,775,000. 1,635,000. 9/15/10 106

 

5729 Dune (5)Bed.,(4)Bth. 2,300,000. 1,975,000. 1,775,000. 9/7/10 453

4510 Fifth (4)Bed.,(3)Bth. 2,399,000. SAME 2,150,000. 9/30/10 247

*258 70TH (6)Bed.,(6)Bth. 2,495,000. 2,395,000. 2,250,000. 9/24/10 259

5748 Dune (5)Bed.,(5/2)Bth. 2,550,000. SAME 2,275,000. 9/7/10 168

*16 E. 13th (5)Bed.,(5.5)Bth. 2,950,000. 2,750,000. 2,635,000. 9/23/10 264

221 65th (5)Bed.,(5/3)Bth. 3,395,000. 3,295,000. 2,815,000. 9/30/10 256

(2)NEW CONSTRUCTION

(30,271,000.) (27,905,999.) (25,574,000.) (5,388)

Average Original Average Reduced Average Sold Average Days on

List Price= $1,681,722. List Price = $1,550,333. Price = $1,420,778. Market = 299

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

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

 

LOTS/LAND UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

LOTS/LAND COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)

 

COMMERCIAL UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

COMMERCIAL COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

MULTI-FAMILY COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

254 29th (4/4)Bed.,(2/2)Bth. $799,000. SAME $725,000. 9/15/10 123

 

CONDO/TOWNHOUSE UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

7929 Dune (1)Bed.,(1)Bth. #105 $339,990. $364,990. 181

276 12th (3)Bed.,(2.5)Bth. 549,000. 539,000. 120

404 21st (5)Bed.,(3)Bth East 599,000. SAME 15

277 27th (4)Bed.,(3)Bth. East 738,500. 631,500. 436

6537 Ocean (4)Bed.,(2.5)Bth. North 896,000. 699,000. 938

257 35th (5)Bed.,(3)Bth. West 825,000. 725,000. 190

 

CONDO/TOWNHOUSE COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (4)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

7929 Dune (1)Bed.,(1)Bth. #210 $339,990. SAME $310,000. 9/16/10 195

295 16th (3)Bed.,(2.5)Bth. 699,000. 649,000. 350,000. 9/17/10 1,175

602 Sunrise (5)Bed.,(3)Bth. #602 735,000. SAME 730,000. 9/30/10 59

*493 21st (4)Bed.,(4.5)Bth. West 775,000. SAME 770,000. 9/10/10 71

(1)NEW CONSTRUCTION

(2,548,990.) (2,498,990.) (2,160,000.) (1,500.)

Average Original Average Reduced Average Sold Average Days on

List Price = $637,247. List Price = $624,747. Price = $540,000. Market = 375

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 10-2-2010) = 390

RESIDENTIAL 227

LOTS/LAND 24

COMMERCIAL 17

MULTI-FAMILY 10

CONDO/TOWNHOUSE 112