2011 - JULY AVALON, NJ:

 

RESIDENTIAL UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (9)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

701 Ocean Dr. (4)Bed.,(2)Bth. $744,900. SAME 12

251 15th St. (4)Bed.,(2)Bth. 899,000. SAME 1

222 56th St. (2)Bed.,(1.5)Bth. 1,100,000. 999,999. 153

1228 First Ave. (4)Bed.,(3)Bth. 1,300,000. SAME 154

*118 20th St. (6)Bed.,(5.5)Bth. 1,595,000. SAME 48

64 E. 14th St. (5)Bed.,(4)Bth. 1,695,000. SAME 69

36 E. 19th St. (4)Bed.,(3)Bth. 1,795,000. SAME 110

19 Flamingo Dr. (5)Bed.,(4)Bth. 2,695,000. 2,495,000. 173

5168 Ocean Dr. (6)Bed.,(3)Bth. 2,695,000. SAME 67

(1)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (5)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

161 25th (5)Bed.,(2.5)Bth. $ 915,000. $725,000. $ 650,000. 7/25/11 369

148 21st (5)Bed.,(2)Bth. 749,000. SAME 700,000. 7/29/11 130

131 17th (3)Bed.,(1.5)Bth. 799,000. SAME 755,000. 7/23/11 41

156 34th (3)Bed.,(1)Bth. 999,000. 899,000. 800,000. 7/1/11 147

1389 First (4)Bed.,(2)Bth. 995,000. SAME 845,000. 7/22/11 448

(4,457,000.) (4,167,000.) (3,750,000.) (1,135)

Average Original Average Reduced Average SOLD Average Days on

List Price = $891,400. List Price = $833,400. Price = $750,000. Market = 227

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

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

 

LOTS UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

82 E. 13th St. 50x 110 $2,100,000. SAME 16

 

LOTS COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE on Mkt

2138 Sixth Ave. 65.5x 110 $575,000. SAME $510,000. 7/1/11 28

Average Original Average Reduced Average Sold Average Days on

List Price = $575,000. List Price = $575,000. Price = $510,000. Market = 28

-          Difference between ORIGINAL List Price and SOLD Price = (11%)

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

COMMERCIAL UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (0)

COMMERCIAL COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3101 Dune Dr. #202 $175,000. $79,900. $67,000. 7/12/11 1,902

Average Original Average Reduced Average Sold Average Days on

List Price = $175,900. List Price = $79,900. Price = $67,000. Market = 1,902

-          Difference between ORIGINAL List Price and SOLD Price = (62%)

-          Difference between ORIGINAL List Price and REDUCED Price = (54%)

 

MULTI-FAMILY UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (0)

MULTI-FAMILY COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

*3289 Ocean (5)Bed.,(3.5)Bth. West $949,000. SAME 128

659 24th (5)Bed.,(4)Bth. West 1,650,000. 1,399,000. 473

2002 Ocean (5)Bed.,(5.5)Bth. North 1,850,000. 1,695,000. 145

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

601 Dune (1)Bed.,(1)Bth. #1 $539,000. SAME $470,000. 7/1/11 210

3956 Ocean (3)Bed.,(2)Bth. 1stFl 529,000. SAME 500,000. 7/29/11 49

700 Ocean (3)Bed.,(2.5)Bth. #B-5 629,900. SAME 580,000. 7/6/11 266

1668-88 Ocean (3)Bed.,(2)Bth. #B-8 849,000. SAME 675,000. 7/29/11 35

*2507 Dune (4)Bed.,(3)Bth. #2507 849,000. SAME 750,000. 7/15/11 226

1306 Ocean (4)Bed.,(2/2)Bth. #1306 800,000. SAME 800,000. 7/6/11 68

(1)NEW CONSTRUCTION

(4,195,900.) (4,195,900.) (3,775,000.) (854)

Average Original Average Reduced Average SOLD Average Days on

List Price = $699,317. List Price = $699,317. Price = $629,167. Market = 142

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 8/15/2011) = 350:

RESIDENTIAL 203

LOTS 27

COMMERCIAL 9

MULTI-FAMILY 6

CONDO/TOWNHOUSE 105

 

2011- AUGUST AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (7)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

459 21st (2)Bed.,(1)Bth. $459,000. SAME 24

1709 Dune (2)Bed.,(1)Bth. 729,000. $675,000. 72

1758 Dune (5)Bed.,(5)Bth. 1,599,000. SAME 26

25 E. 20th (5)Bed.,(4)Bth. 1,995,000. SAME 91

39 E. 25th (5)Bed.,(4.5)Bth. 2,495,000. 2,095,000. 500

56 E. 17th (5)Bed.,(5.5)Bth. 3,795,000. 2,799,000. 915

*129 75TH (7)Bed.,(7/3)Bth. 16,875,000. 13,995,000. 527

(1)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (9)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

469 21st (4)Bed.,(1)Bth. $550,000. $535,000. $495,000. 8/1/11 105

701 Ocean (4)Bed.,(2)Bth. 744,900. SAME 702,500. 8/30/11 45

141 20th (30Bed.,(1.5)Bth. 1,195,000. 850,000. 790,000. 8/6/11 462

299 41st (4)Bed.,(4)Bth. 1,695,000. 950,000. 950,000. 8/2/11 449

109 20th (5)Bed.,(4)Bth. 999,000. SAME 999,000. 8/18/11 260

1228 First (4)Bed.,(3)Bth. 1,300,000. SAME 1,135,000. 8/19/11 194

36 E. 19th (4)Bed.,(3)Bth. 1,795,000. SAME 1,625,000. 8/19/11 144

19 Flamingo Dr. (5)Bed.,(4)Bth. 2,695,000. 2,495,000. 2,200,000. 8/31/11 222

507 42nd (5)Bed.,(4)Bth. 3,495,000. 2,995,000. 2,750,000. 8/8/11 188

(14,468,900.) (12,663,900.) (11,646,500.) (2,069)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,607,655. List Price = $1,407,100. Price = $1,294,055. Market = 230

-          Difference between ORIGINAL List Price and SOLD Price = (20%)

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

 

LOTS/LAND UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

74 E. 18th (50x 110) $1,895,000. SAME 1

 

LOTS/LAND COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

82 E. 13th (50x 110) $2,100,000. SAME $2,100,000. 8/15/11 53

Average Original Average Reduced Average Sold Average Days on

List Price = $2,100,000. List Price $2,100,000. Price = $2,100,000. Market = 53

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

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

COMMERCIAL UNDER CONTRCAT: 8/1/2011 TO 8/31/2011 = (0)

COMMERCIAL COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 8/1/2011 TO 8/31/2011 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

1719 Ocean (3)Bed.,(2)Bth. #3 $499,500. SAME 270

274 21st (3)Bed.,(3)Bth. #274 520,000. SAME 390

2569 Ocean (5)Bed.,(3.5)Bth. North 659,000. 649,000. 110

 

CONDO/TOWNHOUSE COMPARABLE SALES: 8/1/2011 TO 8/31/2011 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

35 Marine Way #35 $1,195,000. $1,095,000. $960,000. 8/19/11 184

1778 Ocean (4)Bed.,(3)Bth. West 1,399,000. 1,389,000. 1,350,000. 8/13/11 71

2002 Ocean (5)Bed.,(5.5)Bth. #2002 1,850,000. 1,695,000. 1,525,000. 8/24/11 175

(4,444,000.) (4,179,000.) (3,835,000.) (430)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,481,333. List Price = $1,393,000. Price = $1,278,333. Market = 143

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

-          Difference between ORIGI(NAL List Price and REDUCED Price = (6%)

 

TOTAL AVALON SALE INVENTORY (AS OF 9/20/2011) = 355

RESIDENTIAL 200

LOTS/LAND 29

COMMERCIAL 10

MULTI-FAMILY 7

CONDO/TOWNHOUSE 109

 

 

2011 SEPTEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (9)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

179 34TH (3)Bed.,(2)Bth. $1,249,000. $899,000. 295

2159 First (3)Bed.,(3)Bth. 949,000. SAME 101

203 8th (5)Bed.,(2)Bth. 1,250,000. 1,150,000. 604

43 W. 31st (5)Bed.,(2.5)Bth. 1,195,000. SAME 6

245 66th (4)Bed.,(2)Bth. 1,799,000. 1,399,000. 665

134 36th (4)Bed.,(3-2)Bth. 1,595,000. SAME 46

*148 16th (6)Bed.,(6-2)Bth. 1,695,000. SAME 1

178 75th (4)Bed.,(4)Bth. 2,595,000. 2,350,000. 230

93 E. 17th (3)Bed.,(3)Bth. 5,100,000. 4,600,000. 889

(1)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

393 22nd (5)Bed.,(2.5)Bth. $795,900. $624,900. $550,000. 9/15/11 521

1589 Dune (3)Bed.,(2)Bth. 879,000. 779,000. 612,500. 9/7/11 405

*118 20th (6)Bed.,(5.5)Bth. 1,595,000. SAME 1,645,000. 9/27/11 145

39 E. 25th (5)Bed.,(4.5)Bth. 2,495,000. 2,095,000. 1,800,000. 9/23/11 553

5168 Ocean (6)Bed.,(3)Bth. 2,695,000. SAME 2,450,000. 9/30/11 137

*129 75th St. (7)Bed.,(7/3)Bth. 16,875,000. 13,995,000. 12,417,380. 9/9/11 557

(2)NEW CONSTRUCTION

(25,334,900.) (21,783,900.) (19,474,880.) (2,318)

Average Original Average Reduced Average Sold Average Days on

List Price = $4,222,483. List Price = $3,630,650. Price = $3,245,813. Market = 386

-          Difference between ORIGINAL List Price and SOLD Price = (23%)

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

 

LOTS/LAND UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)

LOTS/LAND COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

2162 Dune (1,377 sq.ft.) #2162 $350,000. SAME 624

 

COMMERCIAL COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

234 32nd (4/4)Bed., (2/2)Bth. $1,375,000. SAME $1,150,000. 9/17/11 488

Average Original Average Reduced Average Sold Average Days on

List Price = $1,375,000. List Price = $1,375,000. Price = $1,150,000. Market = 488

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

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

 

 

 

CONDO/TOWNHOUSE UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

862 First (3)Bed.,(2)Bth. #1S $575,000. $549,000. 417

700 First (2)Bed.,(2)Bth. #406 685,000. 599,000. 843

*6592 Ocean (5)Bed.,(3.5)Bth. #6592 949,000. SAME 196

6446 Ocean (5)Bed.,(4)Bth. North 1,099,000. 1,030,000. 251

663 E. Sunrise (4)Bed.,(3-2)Bth. East 1,495,000. 1,195,000. 260

659 24th (5)Bed.,(4)Bth. West 1,650,000. 1,399,000. 546

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3827 Ocean (2)Bed.,(1)Bth. 2ndFl $359,000. $319,000. $310,000. 9/23/11 207

2569 Ocean (5)Bed.,(3.50Bth. North 659,000. 649,000. 615,000. 9/30/11 146

6669 Ocean (4)Bed.,(2)Bth. South 749,000. 699,000. 685,000. 9/17/11 253

 

(1,767,000.) (1,667,000.) (1,610,000.) (606)

Average Original Average Reduced Average Sold Average Days on

List Price = $589,000. List Price = $555,667. Price = $536,667. Market = 202

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

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

 

TOATL AVALON SALE INVENTORY (AS OF 10/11/11) = 341

RESIDENTIAL 193

LOTS/LAND 27

COMMERCIAL 9

MULTI-FAMILY 5

CONDO/TOWNHOUSE 107