2009 – APRIL – AVALON, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (1)

                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                      LIST PRICE          LIST PRICE         MARKET

* 146 28th St: (5)Bed.,(5)Bth.          $ 1,595,000.                SAME                   91

(1) NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (5)

                                              ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                            LIST PRICE     PRICE         PRICE        DATE        onMkt

268 23rd St:(5)Bed.,(2)Bth.    $895,000.         $739,000.       $645,000.     4/15/09         955

249 64th (4)Bed.,(2)Bth.        1,025,000.           SAME         1,100,000.     4/27/09         31

54 W. 26th(4)Bed.,(3)Bth.     1,595,000.         1,395,000.      1,100,000.    4/4/09           157

* 118 22nd (5)Bed.,(5)Bth.    1,795,000.         1,695,000.      1,675,000.    4/29/09          202

* 3701 Dune(6)Bed.,(6)Bth. 3,185,000.         2,795,000.      2,275,000.    4/30/09         1,259

(2) NEW CONSTRUCTION

                                             (8,495,000.)       (7,649,000.)    (6,795,000.)                     (2,604)              

 

Average Original            Average Reduced            Average Sold            Average Days

List Price = $1,699,000.  List Price = $1,529,800.   Price = $1,359,000.   on Market =521

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

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

 

LOTS/LAND – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (1)

                                                      ORIGINAL            REDUCED            DAYS ON

ADDRESS                                   LIST PRICE           LIST PRICE          MARKET

95 W. 34TH St.  60’x 110’             $2,340,000.             $1,995,000.                    344

 

LOTS/LAND – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (1)

                                           ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                         LIST PRICE     PRICE         PRICE        DATE         onMkt

192 61st St: 60’x 110’        $4,295,000.       $3,095,000.    $2,850,000.   4/24/09           991

 

COMMERCIAL – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (0)

 

 

 

 

 

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2009 TO 4/30/2009 = (3)

                                                                         ORIGINAL            REDUCED            DAYS

ADDRESS                                                       LIST PRICE         LIST PRICE        ON MKT.

601 Dune (1)Bed.,(1)Bth. #3                            $499,000.                   SAME                    1

283 26th St. (3)Bed.,(2.5)Bth. #283                   649,000.                    SAME                     107

2302 Dune (3)Bed.,(3)Bth. #2302                     899,000.                    SAME                      9

 

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2009 TO 4/30/2009 = (5)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                      LIST PRICE    PRICE           PRICE        DATE      onMkt

7929 Dune (1)Bed.,(1)Bth. #115     $329,990.            SAME          $357,128.    4/17/09        281

7929 Dune (1)Bed.,(1)Bth. #311       364,990.          369,990.            383,250.   4/10/09        279

7929 Dune (1)Bed.,(1)Bth. #215       379,990.          389,990.            391,406.   4/7/09          271

2106 Sixth(4)Bed., (2.5)Bth. No.       899,900.          749,900.            609,000.   4/08/09        329

3318 Ocean(5)Bed.,(4)Bth. No.        1,399,000.          SAME           1,300,000.  4/30/09         116

                                                       (3,373,870.)         (3,238,870.)    (3,040,784.)                (1,276)

 

Average Original               Average Reduced               Average Sold         Average Days on

List Price = $674,774.        List Price = $647,774.        Price = $608,157.    Market = 255

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

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

 

TOATL AVALON SALE INVENTORY (AS OF 5/30/09) = 442

RESIDENTIAL                                    231

LOTS/LAND                                           29

COMMERCIAL                                     22

MULTI-FAMILY                                    9

CONDO/TOWNHOUSE                      151

 

2009 – MAY – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (8)

                                                            ORIGINAL            REDUCED            DAYS ON

ADDRESS                                         LIST PRICE           LIST PRICE         MARKET

742 Sunrise (3)Bed.,(1)Bth.                $550,000.                   SAME                      28

3750 Ocean (4)Bed.,(2.5)Bth.               790,000.                   SAME                      6

223 36th (4)Bed.,(1.5)Bth.                  1,000,000.                   SAME                       51

* 124 22nd (5)Bed.,(5)Bth.                  1,795,000.                 1,695,000.                   222

6439 Dune (4)Bed.,(3)Bth.                 2,299,000.                 1,849,000.                   796

255 67th (5)Bed.,(4.5)Bth.                  2,495,000.                  2,175,000.                   228

* 78 W. 12th (5)Bed.,(5)Bth.              2,995,000.                  2,195,000.                  1,025

* 1918 Avalon (5)Bed., (5)Bth.         2,595,000.                  2,250,000.                    490

(3) NEW CONSTRUCTION

 

 

RESIDENTIAL – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (10)

                                             ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                           LIST PRICE      PRICE         PRICE       DATE         MARKET

314 76th(4)Bed.,(2)Bth.        $1,175,000.       $1,125,000.    $990,000.    5/1/09            70

246 44th(4)Bed.,(3)Bth.          1,250,000.           SAME       1,200,000.    5/9/09            126

245 67th(4)Bed.,(3)Bth.          1,550,000.           SAME       1,525,000.    5/8/09            165

* 146 28th (5)Bed.,(5)Bth.      1,595,000.           SAME        1,562,500.   5/16/09           91

* 53 W. 15th(5)Bed.,(5)Bth.    1,995,000.       1,795,000.      1,725,000.   5/2/09            204

693 Sunrise(5)Bed.,(2)Bth.     2,000,000.           SAME        1,750,000.   5/14/09          62

74 W. 11th (5)Bed.,(5)Bth.       $1,750,000.       SAME       $1,750,000.      5/11/09          104

6799 Dune(4)Bed.,(4)Bth.         2,206,300.      1,989,000.    1,975,000.      5/26/09           46

7464 Sunset(3)Bed.,(2)Bth.       3,100,000.      2,650,000.    2,350,000.      5/30/09           134

4618 Fifth(5)Bed.,(3.5)Bth.       2,695,000.         SAME       2,400,000.      5/8/09              96

                                               (19,316,300.)   (18,399,000.)  (17,227,500.)                     (1,098)

(2) NEW CONSTRUCTION

 

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $1,931,630.     List Price = $1,839,900.     Price = $1,722,750.      Market = 110

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

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

 

LOTS/LAND – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 5/1/2009 TO 5/30/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (1)

                                                ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                             LIST PRICE     PRICE          PRICE        DATE        MARKET 

2931 Ocean Dr. 90’x110’       $3,100,000.         SAME         $2,182,500.   5/12/09           288

   “Avalon Seafood & Farm Market”

 

MULTI-FAMILY – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (2)

                                                                         ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE      MARKET

* 281 26th (3)Bed.,(2.5)Bth. #281                        $649,000.                   SAME                   118

* 506 20th (4)Bed.,(4)Bth. #506                             792,000.                   SAME                    12

(2) NEW CONSTRUCTION

 

 

 

 

 

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 5/1/2009 TO 5/31/2009 = (7)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE    PRICE           PRICE       DATE       onMkt

7800 Dune (1)Bed.,(1)Bth. #325     $285,000.          $275,000.      $252,500.    5/29/09         224

7929 Dune (1)Bed.,(1)Bth. #212       319,900.            SAME          342,140.     5/22/09         318

460 20th (3)Bed.,(1.5)Bth. 1stFl        559,000.            399,000.        350,000.     5/1/09          567

460 20th (3)Bed.,(1.5)Bth. 2ndFl       599,000.            469,000.        445,000.     5/1/09          567

* 283 26th (3)Bed.,(2.5)Bth. #283     649,000.             SAME          595,000.     5/29/09        139

* 363 40th (4)Bed.,(2.5)Bth. West     925,900.            799,000.        725,000.     5/1/09          533

* 700 Ocean (4)Bed.,(2)Bth. #B-1  1,095,000.           795,000.        733,333.     5/21/09        492

(3) NEW CONSTRUCTION

                                                        (4,432,800.)       (3,705,900.)   (3,442,973.)                  (2,840.)

 

 

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $633,257.        List Price = $529,414.        Price = $491,853.      Market = 406

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 6-6-09) = 436

RESIDENTIAL                                             228

LOTS/LAND                                                  29

COMMERCIAL                                            22

MULTI-FAMILY                                          9

CONDO/TOWNHOUSE                              148

 

 

2009 – JUNE – AVALON, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (5)

                                                          ORIGINAL               REDUCED               DAYS ON

ADDRESS                                        LIST PRICE             LIST PRICE            MARKET

4251 Ocean Dr.(4)Bed.,(2)Bth.         $1,199,000.                 $799,999.                     961

252 16th St.(3)Bed.,(1)Bth.                     825,000.                   SAME                        223

5649 Ocean Dr.(4)Bed.,(3)Bth.            2,200,000.                1,995,000.                     162

1852 Ocean Dr.(4)Bed.,(3.5)Bth.         2,495,000.                2,395,000.                     149

74 E. 11th St.(5)Bed.,(3)Bth.                2,495,000.                   SAME                         18

 

RESIDENTIAL – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (4)

                                                 ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                               LIST PRICE     PRICE          PRICE         DATE      onMkt

742 Sunrise(3)Bed.,(1)Bth.       $550,000.             SAME         $505,000.     6/30/09        89

223 36th(4)Bed.,(1.5)Bth.         1,000,000.             SAME           780,000.     6/12/09        73

739 First(4)Bed.,(2)Bth.           1,450,000.         1,250,000.      1,165,000.     6/29/09        387

* 124 22nd(5)Bed.,(5)Bth.         1,795,000.         1,695,000.      1,670,000.     6/19/09        253

(1)NEW CONSTRUCTION

                                                     (4,795,000.)     (4,495,000.)    (4,120,000.)           (802)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $1,198,750.     List Price = $1,123,750.     Price = $1,030,000.     on Market = 200

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

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

 

LOTS/LAND – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

LOTS/LAND – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 6/1/2009 TO 6/30/2009 = (7)

                                                                         ORIGINAL               REDUCED            DAYS

ADDRESS                                                       LIST PRICE            LIST PRICE        ON MKT

* 2023 Dune(3)Bed.,(3)Bth. #6                       $799,000.                   $525,000.                354

* 2015 Dune(3)Bed.,(3.5)Bth. #4                      845,000.                     600,000.                353

281 35th(4)Bed.,(2.5)Bth. West                         759,900.                     724,900.                202

223 34th(5)Bed.,(4)Bth. #223                             799,000.                      SAME                   1

* 2003 Dune (4)Bed.,(4.5)Bth. #1                      995,000.                    800,000.                 361

* 2011 Dune(4)Bed.,(4.5)Bth. #3                       995,000.                    850,000.                 369

66 E. 20th(2)Bed.,(2)Bth. #304                         1,295,000.                   999,000.                 315

(4)NEW CONSTRUCTION

                                                                      

CONDO/TOWNHOUSE – COMPARABLE SALES: 6/1/2009 TO 6/30/2009 = (5)

                                                          ORIGINAL     REDUCED     SOLD     CLOSING  DAYS

ADDRESS                                        LIST PRICE     PRICE          PRICE      DATE      onMkt

601 Dune(1)Bed.,(1)Bth. #3             $499,000.             SAME          $430,000.   6/4/09         45

* 179 21st(3)Bed.,(3)Bth. #8               845,000.            $600,000.        577,500.   6/27/09       369

* 2310 Dune(3)Bed.,(3)Bth.               739,000.              659,000.        630,000.   6/27/09       89

* 281 26th(3)Bed.,(2.5)Bth.                 649,000.               SAME          630,000.   6/1/09         142

226 24th(5)Bed.,(2.5)Bth. East            699,000.              689,000.        635,000.   6/27/09        312

(3)NEW CONSTRUCTION

                                                            (3,431,000.)     (3,096,000.)    (2,902,500.)                 (957)

Average Original               Average Reduced               Average Sold               Days on

List Price = $686,200.        List Price = $619,200.        Price = $580,500.        Market = 191

-         Difference between ORIGINAL List Price and SOLD Price = (15%)

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

 

 

 

 

 

TOTAL AVALON SALE INVENTORY (AS OF 7-21-2009) = 430

RESIDENTIAL                                                   229

LOTS / LAND                                                      31

COMMERCIAL                                                  21

MULTI-FAMILY                                                 9

CONDO/TOWNHOUSE                                     140