JANUARY, 2008 AVALON, NJ.

 

RESIDENTIAL UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (4)

                                               ORIGINAL                     REDUCED                        DAYS ON

ADDRESS                             LIST PRICE                  LIST PRICE                      MARKET

548 21st St.(3)Bed.,(1)Bth.     $ 767,500.                         $595,000.                               361

282 19th St.(4)Bed.,(2)Bth.      1,050,000.                          975,000.                               153

99 W 23rd St.(5)Bed.,(3.5)Bth. 2,190,000.                         SAME                                   164

35 Flamingo(5)Bed.,(5/2)Bth.  5,500,000.                       3,950,000.                                427

 

RESIDENTIAL COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (7)

                                                 ORIGINAL        REDUCED      SOLD       CLOSING     DAYS

ADDRESS                              LIST PRICE      LIST PRICE    PRICE      DATE           onMkt

308 76th St.(2)Bed.,(2)Bth.     $ 1,590,000.            SAME           $ 457,000.    1/7/08              475

169 37th St.(5)Bed.,(2.5)Bth.     1,475,000.          1,399,000.        1,215,000.    1/11/08           344

668 Dune Dr.(4)Bed.,(4)Bth.     2,395,000.          1,689,000.        1,550,000.    1/16/08           336

225 57th St.(4)Bed.,(2)Bth.        1,795,000.             SAME           1,600,000.     1/24/08           161

1269 First Av(5)Bed.,(4/2)Bth. 2,295,000.           1,799,000.       1,690,000.     1/16/08           379

36 W 32ndSt.(5)Bed.,(3)Bth.    1,850,000.              SAME           1,700,000.    1/26/08            24

4725 Fourth (5)Bed.,(2)Bth.      2,575,000.              SAME          2,200,000.     1/15/08           467

                                               ($13,975,000.)    ($12,697,000.)  ($10,412,000.)                     (2183)

 

Average Original                     Average Reduced                 Average SOLD             Days on

List Price = $1,996,429.           List Price = $1,813,857.       Price = $1,487,429.       Mkt. =312

 

-         Difference between Original List Price and SOLD PRICE = (26%)

-         Difference between Original List Price and REDUCED PRICE = (9%)

 

LOTS / LAND UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (0)

LOTS / LAND COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (1)

                                                      ORIGINAL       REDUCED       SOLD    CLOSING   DAYS

ADDRESS                                   LIST PRICE     LIST PRICE     PRICE     DATE       onMkt

308 76TH ST 30X 110 LOT.   $525,000.                SAME           $443,000.   1/7/08         43

 

COMMERCIAL UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (0)

COMMERCIAL COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (2)

                                                            ORIGINAL            REDUCED               DAYS ON

ADDRESS                                          LIST PRICE          LIST PRICE             MARKET

700 Ocean Dr.(3)Bed.,(2.5)Bth. B-3   $997,000.                 $899,000.                   310

6448 Ocean Dr.(5)Bed.,(4)Bth. South 1,289,000.                   SAME                     1

CONDO/TOWNHOUSE COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (0)

 

TOTAL   AVALON SALE INVENTORY (AS OF 2/24/2008):

RESIDENTIAL                                                219

LOTS / LAND                                                   17

COMMERCIAL / INDUSTRIAL                   11

MULTI-FAMILY                                              10

CONDO/TOWNHOUSE                                  140

                                                                              TOTAL SALE INVENTORY = 397

 

 

FEBRUARY, 2008 AVALON, NJ:

 

RESIDENTIAL UNDER CONTRACT: 2/1/2008 TO 2/29/2008 = (12)

                                                    ORIGINAL           REDUCED            DAYS ON

ADDRESS                                  LIST PRICE         LIST PRICE         MARKET

265 17th St(2)Bed.,(1)Bth.        $779,000.                   SAME                      21

275 15th St(3)Bed.,(2.5)Bth.       999,900.                  890,000.                    145

225 55th St(3)Bed.,(1)Bth.       1,199,000.               1,149,000.                    313

222 14th St(4)Bed.,(2)Bth.       1,425,000.               1,199,000.                    379

238 77th St(3)Bed.,(1.5)Bth.    1,459,000.               1,275,000.                    267

264 7th St(4)Bed.,(4)Bth.        1,750,000.               1,299,000.                    845

65 W. 18th St(5)Bed.,(3)Bth.    1,695,000.               1,450,000.                    400

7688 Dune Dr(6)Bed.,(4)Bth. 2,300,000.               1,595,000.                    503

1758 Dune Dr(5)Bed.,(5)Bth.   1,795,000.               1,595,000.                    486

4606 Fifth Av(5)Bed.,(2.5)Bth. 3,495,000.              2,495,000.                     215

184 70th St(5)Bed.,(2)Bth.        2,950,000.              2,850,000.                     224

84 E. 16th St(4)Bed.,(4)Bth.       4,295,000.              3,990,000.                     187

 

RESIDENTIAL COMPARABLE SALES: 2/1/2008  TO  2/29/2008 = (10)

                                                  ORIGINAL      REDUCED    SOLD   CLOSING    DAYS

ADDRESS                                LIST PRICE    PRICE          PRICE      DATE       onMkt

548 21st St(3)Bed.,(1)Bth.       $767,500.            $595,000.       $560,000.   2/27/08        400

243 36th St(3)Bed.,(1)Bth.      1,100,000.              950,000.         775,000.   2/26/08        444

282 19th St(4)Bed.,(2)Bth.      1,050,000.              975,000.         865,000.   2/29/08        192

245 38th St(3)Bed.,(2)Bth.      1,095,000.              999,999.         929,000.   2/28/08        238

1558 Dune(5)Bed.,(5)Bth.      1,895,000.           1,495,000.      1,450,000.   2/14/08        834

275 18th St(5)Bed.,(5)Bth.       2,095,000.           1,625,000.      1,500,000.   2/29/08        819

7589 Ocean(6)Bed.,(5.5)Bth.  2,895,000.           2,495,000.       1,950,000.   2/9/08          659

495 24th St(6)Bed.,(4)Bth.       2,950,000.           2,475,000.       2,237,500.   2/29/08      1540

312 75th St(5)Bed.,(5.5)Bth.    3,500,000.           2,495,000.       2,400,000.   2/15/08        928

*192 62nd St(5)Bed.,(4.5)Bth.  3,250,000.             SAME          3,200,000.   2/19/08         6

(*) NEW CONSTRUCTION = 1

                                              ($20,597,500.)   ($17,354,999.)  ($15,866,500.)                 (6060)

 

 

Average Original                Average Reduced               Average Sold              Average Days

List Price = $2,060,356.      List Price = $1,735,500.     Price = $1,586,650.     on Mkt = 606

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

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

 

LOTS / LAND UNDER CONTRACT: 2/1/2009   TO   2/29/2008 = (0)

LOTS / LAND COMPARABLE SALES: 2/1/2008   TO   2/29/2008 = (4)

                                                   ORIGINAL    REDUCED    SOLD     CLOSING    DAYS

ADDRESS                                LIST PRICE     PRICE        PRICE        DATE       onMkt

118 22nd St. 78x110 Lot        $750,000.             SAME         $750,000.     2/26/08         9

124 22nd St  78x110 Lot        $950,000.             SAME         $950,000.     2/26/08         9

310 76th St  60x110 Lot      $1,070,000.             SAME         $950,000.     2/29/08        79

165 60th St  60x110 Lot      $3,950,000.             SAME      $3,750,000.     2/15/08        36

                                            ($6,720,000.)      ($6,720,000.)   ($6,400,000.)                    (133)

 

Average Original               Average Reduced                Average Sold                  Average Days

List Price = $1,680,000.     List Price = $1,680,000.      Price = $1,600,000.         on Mkt = 33

 

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

-         No difference between Original List Price and Reduced Price.

 

COMMERCIAL UNDER CONTRACT: 2/1/2008   TO   2/29/2008 = (0)

COMMERCIAL COMPARABLE SALES: 2/1/2008   TO   2/29/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 2/1/2008   TO   2/29/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 2/1/2008   TO   2/29/2008 = (1)

                                                       ORIGINAL     REDUCED      SOLD     CLOSING   DAYS

ADDRESS                                     LIST PRICE    PRICE           PRICE       DATE        onMkt

697 21st St(3/3)Bed.,(2/2)Bth.       $815,000.             SAME         $750,000.     2/24/08         106

 

CONDO/TOWNHOUSE UNDER CONTRACT: 2/1//2008  TO  2/29/2008 = (5)

                                                                         ORIGINAL         REDUCED             DAYS ON

ADDRESS                                                      LIST PRICE        LIST PRICE          MARKET

242 29th St(4)Bed.,(2.5)Bth. East                   $669,000.                  SAME                        106

280 28th St(4)Bed.,(2)Bth.  North                   $834,000.               $699,000.                      322

226 24th St(5)Bed.,(2.5)Bth. West                  $949,000.               $699,000.                      831

6890 Ocean Dr(4)Bed.,(3)Bth. North           $1,080,000.                SAME                         58

329 39th St(4)Bed.,(3.5)Bth. West                $1,695,000.             $1,199,000.                    1156

 

CONDO/TOWNHOUSE COMPARABLE SALES: 2/1/2008   TO   2/29/2008 = (1)

                                                              ORIGINAL    REDUCED    SOLD   CLOSING  DAYS

ADDRESS                                            LIST PRICE    PRICE         PRICE     DATE     onMkt

214 25th St(5)Bed.,(3)Bth. West            $985,000.         $850,000.      $775,000.  2/26/08      461

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

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

 

 

TOTAL AVALON SALE INVENTORY (AS OF 3/9/2008)  = (392):

RESIDENTIAL                                           220

LOTS/LAND                                                16

COMMERCIAL                                          9

MULTI-FAMILY                                        10

CONDO/TOWNHOUSE                            137

                                          

 

 

MARCH, 2008 AVALON, NJ:

 

RESIDENTIAL UNDER CONTRACT: MAR. 1ST TO MAR. 31ST 2008 =(10)

                                                                        ORIGINAL     REDUCED     DAYS ON

ADDRESS                                                      LIST PRICE       PRICE         MARKET

238 36th (3)Bed.,(2)Bth. 60x 110                 $849,000.             875,000.            340

181 7th (3)Bed.,(2.5)Bth. 50x 110               1,299,900.             995,000.            296

246 35th (4)Bed.,(3)Bth. 70x 110                1,149,000.          1,000,000.            181

169 18th (6)Bed.,(4)Bth. 50x 110                1,350,000.              SAME               4

225 60th (4)Bed.,(3)Bth. 60x 110                1,599,000.              SAME               40

238 47th (5)Bed.,(4)Bth. 60x 110                1,715,000.              SAME               69

669 24th (5)Bed.,(2)Bth. 80x 130                3,500,000.          2,800,000.             292

* 274 65th (5)Bed.,(4/2)Bth. 60x 110          3,295,000.          2,995,000.             221

* 312 58th (5)Bed. (5/2)Bth. 65x 130          3,695,000.          2,995,000.             715

94 E. 14th (4)Bed.,(4/2)Bth. 50x 110           5,395,000 .         4,695,000.             307

(2) NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: MAR. 1ST TO MAR. 31ST 2008 = (8)

                                                           ORIGINAL    REDUCED    SOLD    CLOSING   DAYS

ADDRESS                                        LIST PRICE     PRICE         PRICE       DATE      onMkt

275 15th (3)Bed.,(2.5)Bth. 50x110  $999,999.          $890,000.      $850,000.   3/28/08        147

225 55th (3)Bed.,(1)Bth. 60x 110   1,199,000.          1,149,000.       950,000.   3/15/08        352

151 29th (4)Bed.,(2)Bth. 50x110    1,025,000.             975,000.       951,000.   3/31/08        222

222 14th (4)Bed.,(2)Bth. 50x110    1,425,000.          1,199,000.    1,050,000.   3/14/08        401

238 77th (3)Bed.,(1.5)Bth. 60x110 1,459,000.          1,275,000.    1,225,000.   3/28/08        313

7688Dune (6)Bed.(4)Bth. 60x110  2,300,000.          1,650,000.    1,460,000.   3/15/08       440

99W.23rd (5)Bed(3.5)Bth. 60x110  2,190,000.             SAME       1,912,500.   3/4/08         214

120 40th (5)Bed.,(3)Bth. 100x110   4,975,000.          4,750,000.    4,200,000.   3/21/08       397

                                                      ( 15,572,999.)   (14,078,000.)   (12,598,500.)                 (2,486)

Average Original               Average Reduced                Average SOLD             Average Days

List Price = $1,946,625.     List Price = $1,759,750.      Price = $1,574,812.        on Mkt = 311

-         Difference between ORIGINAL List Price and SOLD PRICE = (19%)

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

 

LOTS / LAND UNDER CONTRACT:  MAR. 1ST TO MAR. 31ST 2008 = (0)

LOTS / LAND COMPARABLE SALES: MAR. 1ST TO MAR 31ST 2008 = (0)

 

COMMERCIAL UNDER CONTRACT: MAR. 1ST TO MAR. 31ST 2008 = (0)

COMMERCIAL COMPARABLE SALES: MAR. 1ST TO MAR. 31ST 2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: MAR 1ST TO MAR. 31ST 2008 = (0)

MULTI-FAMILY COMPARABLE SALES: MAR. 1ST TO MAR. 31ST 2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: MAR. 1ST TO MAR. 31ST 2008 = (2)

                                                                                     ORIGINAL    REDUCED    DAYS ON

ADDRESS                                                                  LIST PRICE     PRICE         MARKET

234 21ST (2)Bed.,(2)Bth. #101                                  $ 492,000.           $449,000.             71

214 27th (5)Bed.,(3.5)Bth. East                                    950,000.             775,000.            452

 

CONDO/TOWNHOUSE COMPARABLE SALES: MAR. 1ST TO MAR. 31ST 2008 = (5)

                                                             ORIGINAL    REDUCED    SOLD    CLOSING  DAYS

ADDRESS                                          LIST PRICE      PRICE        PRICE       DATE    onMkt

* 700 Ocean (3)Bed.,(2.5)Bth. #B-3   $997,000.         $899,000.      $775,000.     3/20/08     378

231 35th (4)Bed.,(2.5)Bth. East           1,095,000.          995,000.        965,000.     3/27/08     450

6448 Ocean (5)Bed.,(4)bth. South      1,319,000.        1,289,000.     1,187,000.    3/14/08      211

607 Sunrise (4)Bed.,(4)Bth. East        1,995,000.        1,650,000.     1,500,000.    3/3/08        146

609 Sunrise (4)Bed.,(4)Bth. West       1,995,000.        1,650,000.     1,387,500.    3/3/08        146

                                                          (7,401,000.)      (6,483,000.)   (5,814,500.)                 (1,331)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $1,480,200.     List Price = $1,296,600.     Price = $1,162,900.      on Mkt = 266

-         Difference between ORIGINAL List Price and SOLD Price = (22%)

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

 

 

TOTAL AVALON SALE INVENTORY (AS OF 4/7/08) = 399

RESIDENTIAL                                       218

LOTS / LAND                                          19

COMMERCIAL                                      11

MULTI-FAMILY                                    11

CONDO/TOWNHOUSE                        140                                TOTAL = (399)