OCTOBER-2008-AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST,2008 = (1)

                                                           ORIGINAL          REDUCED          DAYS ON

ADDRESS                                        LIST PRICE         LIST PRICE       MARKET

138 21ST St(5)Bed.,(5)Bth.               $1,645,000.              SAME                  97

 

RESIDENTIAL COMPARABLE SALES: OCT. 1ST, 2008 TO OCT. 31ST, 2008=(11)

                                               ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                            LIST PRICE      PRICE         PRICE       DATE         onMkt

680 Third (4)Bed.,(3)Bth.     $1,200,000.        $1,100,000.   $999,000.   10/7/08          221

251 36th(5)Bed.,(3)Bth.           1,199,000.           SAME       1,125,000.   10/10/08        70

63 W 29th(4)Bed.,(3.5)Bth.     1,795,000.          1,495,000.   1,375,000.   10/4/08         606

1758 Dune(5)Bed.,(5)Bth.      1,795,000.          1,595,000.   1,465,000.   10/1/08         707

2289 Avalon(5)Bed.,(3.5)Bth.2,199,000.          1,999,000.   1,800,000.   10/31/08       261

23 Pelican(4)Bed.,(2.5)Bth.    2,495,000.            SAME       1,950,000.   10/8/08         88

601 24th(5)Bed.,(2/3)Bth.       2,395,000.             SAME       2,000,000.   10/29/08       287

7389 DUNE(4)Bed.,(4)Bth.   2,395,000.             SAME       2,050,000.   10/1/08         100

4506 Fifth(4)Bed.,(2/2)Bth.   2,950,000.           2,495,000.   2,367,000.   10/2/08          274

178 74th(4)Bed.,(4)Bth.          2,750,000.          2,650,000.    2,600,000.   10/3/08          370

63 Heron(4)Bed.,(3)Bth.        6,500,000.          5,995,000.    5,485,000.    10/31/08       856

                                          (27,673,000.)        (25,813,000.)  (23,216,000.)                  (3,840)

Average Original            Average Reduced            Average Sold            Average Days on

List Price=$2,515,727.    List Price=$2,346,636.    Price = $2,110,545.   Market = 349

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

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

 

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

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

 

COMMERCIAL UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (1)

                                                            ORIGINAL          REDUCED          DAYS ON

ADDRESS                                          LIST PRICE        LIST PRICE       MARKET

2513 Dune (Oceanside at Dune)             $389,900.               SAME                   482

 

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

 

MULTI-FAMILY UNDER CONTRACT: OCT. 1ST, 2008 TO OCT. 31ST, 2008 = (1)

                                                              ORIGINAL          REDUCED          DAYS ON

ADDRESS                                            LIST PRICE        LIST PRICE       MARKET

10 w 15TH ST.(3/3)Bed.,(1/1)Bth.         $1,495,000.            $1,395,000.             204

 

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

 

 

CONDO/TOWNHOUSE UNDER CONTRACT: OCT. 1ST TO OCT. 31ST, 2008 =(4)

                                                                          ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                        LIST PRICE        LIST PRICE       MARKET

THE NEW OCEANVIEW CONDOMINIUMS RENOVATION OF THE AVALON INN

7929 Dune(1)Bed.,(1)Bth. #209                       $324,990.  Increase-$329,990.                  40

7929 Dune(1)Bed.,(1)Bth. #311                         364,990.  Increase- 369,990.                   50

7929 Dune(1)Bed.,(1)Bth. #309                         349,990.  Increase- 374,990.                   103

 

329 39th (4)Bed.,(3.5)Bth. West                        1,195,000.                    SAME                   169

 

CONDO/TOWNHOUSE COMPARABLE SALES: OCT. 1ST TO OCT. 31ST, 2008=(3)

                                                       ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                     LIST PRICE      PRICE         PRICE        DATE       onMkt

700 Ocean(3)Bed.,(2.5)Bth.#F-5   $759,900.           $725,000.       $677,500.    10/15/08       286

618 22nd(4)Bed.,(4)Bth. West        1,495,000.            SAME         1,288,000.    10/30/08       73

375 24TH(4)Bed.,(4)Bth. East         1,595,000.           SAME          1,525,000.    10/6/08        235

                                                      (3,849,900.)         (3,815,000.)  (3,490,500.)                     (594)

Average Original              Average Reduced              Average Sold              Average Days on

List Price = $1,283,300.    List Price = $1,271,667.    Price = $1,163,500.     Market = 198

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

-         Difference between ORIGINAL List Price and REDUCED Price = (1%)

 

TOTAL AVALON SALE INVENTRORY (AS OF 11/3/2008) = 434

RESIDENTIAL                                               222

LOTS / LAND                                                 23

COMMERCIAL                                             18

MULTI-FAMILY                                           10

CONDO / TOWNHOUSE                              161

 

AVALON, JULY-2008 - TOTAL SALE INVENTORY 443

AVALON, AUGUST-2008 - TOTAL SALE INVENTORY 443

AVALON, SEPTEMBER-2008 - TOTAL SALE INVENTORY 428

 

 

 

 

 

 

 

 

NOVEMBER-2008-AVALON,NJ:

RESIDENTIAL UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (1)

                                                            ORIGINAL          REDUCED          DAYS

ADDRESS                                         LIST PRICE          LIST PRICE       ON MARKET

56 w. 13TH (4)Bed.,(3)Bth.                 $1,390,000.                SAME                     82

 

RESIDENTIAL COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (3)

                                                 ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                               LIST PRICE     PRICE          PRICE        DATE       onMkt

237 52nd (3)Bed.,(2)Bth.          $985,000.            SAME          $985,000.    11/5/08         57

138 21st(5)Bed.,(5)Bth.            1,645,000.           SAME         1,425,000.    11/19/08      139

133 23rd (5)Bed.,(4.5)Bth.        1,850,000.         1,695,000.     1,600,000.    11/15/08      642

                                                (4,480,000.)      (4,325,000.)   (4,101,000.)                     (838)

Average Original               Average Reduced               Average Sold              Average Days

List Price = $1,493,333.     List Price = $1,441,167.     Price = $1,367,000.     on Market =279

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

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

 

LOTS/LAND UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

LOTS/LAND COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

COMMERCIAL UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

COMMERCIAL COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

MULTI-FAMILY COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)

CONDO/TOWNHOUSE COMPARABLE SALES: 11/1/2008 TO 11/30/2008 = (6)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                     LIST PRICE     PRICE          PRICE        DATE       onMkt

1471 Ocean(4)Bed.,(2)Bth.            $889,000.          $699,000.       $650,000.    11/26/08       483

2503 Dune(4)Bed.,(3)Bth.             1,077,500.           SAME          992,500.      11/26/08        227

329 39th(4)Bed.,(3.5)Bth.West       1,195,000.          SAME          995,000.       11/12/08       188

                                                      (3,161,500.)       (2,971,500.)   (2,637,500.)                      (898)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $1,053,833.     List Price = $990,500.        Price = $879,167.        on Market =299

-         Difference between Original List Price and SOLD Price = (17%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 12/14/2008) = 424

RESIDENTIAL                                   214

LOTS/LAND                                       21

COMMERCIAL                                 20

MULTI-FAMILY                               7

CONDO/TOWNHOUSE                   162

 

 

 

 

 

 

COMP SALES NEW OCEANVIEW CONDOS - RENOVATION OF AVALON INN:

                                                            ORIGINAL     ASKING     SOLD     CLOSING    DAYS

ADDRESS                                         LIST PRICE     PRICE      PRICE        DATE       onMkt

7929 DUNE (1)Bed.,(1)Bth. #201         $339,900.       SAME       $353,671.     11/25/08        138

7929 DUNE (2)Bed.,(1)Bth. #306           389,990.       SAME         406,735.     11/25/08         179

7929 DUNE (1)Bed.,(1)Bth. #301           399,990.       SAME         411,815.     11/25/08         146