2010 JUNE AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

318 42nd (4)Bed.,(2)Bth. $895,000. $829,000. 99

43 W 25th (4)Bed.,(2)Bth. 1,395,000. SAME 82

488 22nd (3)Bed.,(1)Bth. 1,495,000. 1,395,000. 244

63 W 23rd (4)Bed.,(2)Bth. 1,650,000. SAME 10

19 Seagull Dr. (4)Bed.,(2.5)Bth. 2,195,000. 1,900,000. 136

 

RESIDENTIAL COMPARABLE SALES: JUNE 1, 2010 TO JUNE 30, 2010 = (4)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

25 W. 17th(4)Bed.,(2)Bth. $ 979,000. SAME $850,000. 6/12/10 33

3229 Dune (4)Bed.,(3.5)Bth. 1,279,000. 999,000. 975,000. 6/30/10 1,205

7179 Dune(4)Bed.,(3)Bth. 1,295,000. SAME 1,200,000. 6/18/10 151

309 77th(5)Bed.,(4)Bth. 1,795,000. SAME 1,566,666. 6/24/10 158

(5,348,000.) (5,068,000.) (4,591,666.) (1,547)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,337,000. List Price = $1,267,000. Price = $1,147,916. Market = 387

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

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

 

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

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

 

COMMERCIAL UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

COMMERCIAL COMPARABLE SALES: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

 

 

 

MULTI-FAMILY UNDER CONTRACT: JUNE 1, 2010 TO JUNE 30, 2010 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

254 29TH (3/3)Bed.,(2/2)Bth. $799,000. SAME 5

 

MULTI-FAMILY COMPARABLE SALES: JUNE 1, 2010 TO JUNE 30, 2010 = (0)

 

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

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

700 First(2)Bed.,(2)Bth. #417 $ 600,000. $579,000. 217

3023 Dune(3)Bed.,(3)Bth. #3023 610,000. SAME 26

700 Ocean (3)Bed.,(2.5)Bth. #A-3 769,000. 699,000. 142

6732 Ocean(3)Bed.,(2)Bth. #6732 740,000. 675,000. 377

2487 Ocean(4)Bed.,(3.5)Bth. #2487 745,000. 699,900. 323

598 W. 22nd(5)Bed.,(4)Bth. West 1,295,000. SAME 30

CONDO/TOWNHOUSE COMPARABLE SALES: JUNE 1, 2010 - JUNE 30, 2010 = (5)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

7900 Dune(0)Bed.,(1)Bth. #111 $ 165,000. SAME $ 145,000. 6/19/10 111

296 65th(2)Bed.,(1)Bth. #D 479,000. SAME 445,000. 6/3/10 190

280 79th(3)Bed.,(2)Bth. #C-2 510,000. SAME 450,000. 6/18/10 246

2137 Ocean(4)Bed.,(2.5)Bth. #2137 649,000. 599,900. 573,500. 6/2/10 146

* 491 21st (4)Bed.,(4.5)Bth. East 795,000. SAME 729,000. 6/18/10 76

(1)NEW CONSTRUCTION

(2,598,000.) (2,548,900.) (2,342,500.) (769)

Average Original Average Reduced Average Sold Average Days on

List Price = $519,600. List Price = $509,780. Price = $468,500. Market = 154

-         Difference between ORIGINAL List Price and SOLD Price = (10%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 7-10-10) = 405:

RESIDENTIAL 234

LOTS/LAND 29

COMMERCIAL 10

MULTI-FAMILY 11

CONDO/TOWNHOUSE 121