3RD QUARTER – AVALON, NJ. – 2011 STATISTICS:

RESIDENTIAL:                                          UNDER CONTRACT                        COMPARABLE SALES

-          JULY                                                             9                                                             5

-          AUGUST                                                      7                                                             9

-          SEPTEMBER                                                9                                                             6

                                                                    (25)                                                        (20)

ORIGINAL List Price          REDUCED List Price          SOLD Price          Days on Mkt

JULY                  $ 891,400.                  $ 833,400.                     $ 750,000.                           227

AUGUST           1,607,655.                  1,407,100.                     1,294,055.                           230

SEPTEMBER    4,222,483.                   3,630,650.                     3,245,813.                           386

                         (6,721,538.)                (5,871,150.)                  (5,289,868.)                        (843)

3RD QUARTER

AVERAGE        $2,240,513.                $1,957,050.                    $1,763,289.                        281

-          Difference between ORIGINAL List Price and SOLD Price = (21%)

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

 

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

3RD QTR RESIDENTIAL – NEW CONSTRUCTION – COMPARABLE SALES = (2)

 

LOTS/LAND:                                 UNDER CONTRACT                            COMPARABLE SALES

-          JULY                                                  1                                                                1

-          AUGUST                                           1                                                                1

-          SEPTEMBER                                     0                                                                0

 

 

 

COMMERCIAL                                UNDER CONTRACT                           COMPARABLE SALES

-          JULY                                                   0                                                                1

-          AUGUST                                            0                                                                0

-          SEPTEMBER                                      1                                                                0

 

MULTI-FAMILY                                UNDER CONTRACT                           COMPARABLE SALES

-          JULY                                                    0                                                                 0

-          AUGUST                                             0                                                                 0

-          SEPTEMBER                                       0                                                                 1

 

CONDO/TOWNHOUSE                    UNDER CONTRACT                           COMPARABLE SALES

-          JULY                                                      3                                                                6

-          AUGUST                                               3                                                                3

-          SEPTEMBER                                         6                                                                3

                                                                    (12)                                                            (12)

            ORIGINAL List Price          REDUCED List Price          SOLD Price          DAYS on Mkt

JULY                 $ 699,317.                     $ 699,317.                       $ 629,167.                             142

AUGUST          1,481,333.                     1,393,000.                       1,278,333.                             143

SEPTEMBER      589,000.                          555,667.                         536,667.                              202

3RD QUARTER

AVERAGE         $ 923,217.                     $ 882,661.                       $ 814,722.                             162

-          Difference between ORIGINAL List Price and SOLD Price = (12%)

-          Difference between ORIGINAL List Price and REDUCED Price = (4%)

 

3RD QTR CONDO/TOWNHOUSE – NEW CONSTRUCTION – UNDER CONTRACT = (3)

3RD QTR CONDO/TOWNHOUSE – NEW CONSTRUCTION – COMPARABLE SALES = (2)

 

AVALON COMPARISON – 3RD QTR: 2009-2010-2011:

                                               3RD QTR                              3RD QTR                                  3RD QTR

                                          RESIDENTIAL: 2009         RESIDENTIAL: 2010         RESIDENTIAL: 2011

UNDER CONTRACT:                       28                                      27                                        25

COMPARABLE SALES:                    28                                      24                                        20

 

AVERAGE List Price:         $ 2,233,792.                      $ 1,921,324.                     $ 2,240,513.

AVERAGE Sold Price:       $ 1,839,846.                       $ 1,468,593.                    $ 1,763,289.

DAYS on Market:                        328                                     263                                      281

 

                                               3RD QTR                                 3RD QTR                               3RD QTR

                                         Condo/Townhouse           Condo/Townhouse          Condo/Townhouse

                                                      2009                                     2010                                  2011

UNDER CONTRACT:                      15                                          19                                    12

COMPARABLE SALES:                   21                                          13                                    12

AVERAGE List Price:          $ 813,144.                           $ 648,249.                            $ 923,217.

AVERAGE SOLD Price:       $ 663,860.                           $ 566,333.                            $ 814,722.

Days on Market:                         321                                      270                                       162

 

 

 

TOTAL AVALON                      3RD QTR – 2009              3RD QTR – 2010                     3RD QTR - 2011

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)                     

-          JULY                                    425                                    408                                       350

-          AUGUST                             410                                    408                                       355

-          SEPTEMBER                       409                                    390                                       341

3RD QTR AVERAGE…………………..(415)                                 (402)                                    (349)

 

AVALON COMPARISON – 1ST QTR – 2ND QTR – 3RD QTR – 2011:

                                    1ST QTR: 2011               2ND QTR: 2011               3RD QTR: 2011

                                                 RESIDENTIAL                RESIDENTIAL                  RESIDENTIAL

UNDER CONTRACT                         26                                  14                                       25

COMPARABLE SALES                      26                                  32                                       20

 

AVERAGE List Price:              $1,905,660.                  $1,749,544.                     $2,240,513.

AVERAGE Sold Price:            $1,663,916.                   $1,497,749.                     $1,763,289.

AVERAGE Days on Mkt:               275                                  271                                     281

 

New Construction Residential:

UNDER CONTRACT                         3                                      1                                           3

COMPARABLE SALES                     2                                       4                                           2

 

                                                  1ST QTR: 2011               2ND QTR: 2011               3RD QTR: 2011

                                                  CONDO/TOWN            CONDO/TOWN             CONDO/TOWN

UNDER CONTRACT                             18                                   15                                      12

COMPARABLE SALES                          5                                     26                                      12

 

AVERAGE List Price:                  $759,400.                       $865,773.                        $923,217.

AVERAGE Sold Price:                $721,500.                        $757,297.                        $814,722.

AVERAGE Days on Mkt:                  74                                    358                                     162

 

New Construction Condo/Town:

UNDER CONTRACT                             4                                        4                                        2

COMPARABLE SALES                          1                                        7                                        1

 

 

 

 

 

TOTAL AVALON

SALE INVENTORY:

(All Classes: Residential, Lots, Commercial, Multi-Family & Condo/Townhouse)

   1ST QTR – 2011           2ND QTR – 2011                     3RD QTR – 2011              4TH QTR-2011   .

JAN.-2011      328          - APRIL-2011       360            - JULY-2011        350      - OCT.-2011

FEB.-2011      353          - MAY-2011         362            - AUG.-2011       355      -NOV.-2011

MAR.-2011   362           - JUNE-2011        357            - SEPT.-2011      341      -DEC.-2011

1ST QTR                            2ND QTR                                  3RD QTR                             4TH QTR                            

Average = (348)             Average = (360)                    Average = (349)              Average = (    )

 

 

1ST QTR-2010               2ND QTR-2010                  3RD QTR-2010               4TH QTR-2010                      .

JAN.-2010        391      - APRIL-2010        428      - JULY-2010     408       - OCT.-2010     383     

FEB.-2010        419      - MAY-2010          415      -AUG.-2010     408       - NOV.-2010    312

MAR.-2010      410      - JUNE-2010         405      -SEPT.-2010     390       - DEC.-2010     312

1ST QTR                          2ND QTR                              3RD QTR                         4TH QTR

Average = (407)            Average = (416)               Average = (402)           Average = (336)

 

 

1ST QTR – 2009               2ND QTR-2009               3RD QTR-2009               4TH QTR-2009                     .

JAN.-2009       400          - APRIL-2009      442    - JULY-2009       425      - OCT.-2009      386

FEB.-2009       420          - MAY-2009        436    - AUG.-2009      410      - NOV.-2009     386

MAR.-2009     422          - JUNE-2009       430    - SEPT.-2009      409      - DEC.-2009      358

1ST QTR                             2ND QTR                         3RD QTR                           4TH QTR

Average = (414)              Average = (436)           Average = (415)              Average = (377)