1ST QUARTER AVALON, NJ. 2012 STATISTICS:

RESIDENTIAL UNDER CONTRACT COMPARABLE SALES

-          JANUARY 9 9

-          FEBRUARY 14 4

-          MARCH 9 17

-          (32) (30)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $2,024,033. $1,928,667. $1,721,111. 301

FEBRUARY 1,573,250. 1,573,250. 1,416,833. 120

MARCH 1,829,229. 1,758,117. 1,639,500. 237

(5,426,512.) (5,260,034.) (4,777,444.) (658)

1ST QTR

AVERAGE $1,808,837. $1,753,345. $1,592,481. 219

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

-          Difference between ORIGINAL List Price and REDUCED Price = (3%)

1ST QTR RESIDENTIAL NEW CONSTRUCTION UNDER CONTRACT = (3)

1ST QTR RESIDENTIAL NEW CONSTRUCTION COMPARABLE SALES = (2)

 

LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 1 0

-          MARCH 0 1

 

COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 0 1

-          MARCH 1 0

 

MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 0 0

-          FEBRUARY 1 0

-          MARCH 1 0

-          (2)

 

CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

-          JANUARY 5 7

-          FEBRUARY 6 1

-          MARCH 4 12

-          (15) (20)

ORIGINAL List Price REDUCED List Price SOLD Price Days on Mkt

JANUARY $766,500. $745,714. $680,000. 227

FEBRUARY 615,000. 599,000. 578,500. 98

MARCH 715,658. 678,858. 634,792. 285

(2,097,158.) (2,023,572.) (1,893,292.) (610)

1ST QTR

AVERAGE $699,253. $674,524. $631,097. 203

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

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

1ST QTR CONDO/TOWNHOUSE NEW CONSTRUCTION UNDER CONTRACT = (2)

1ST QTR CONDO/TOWNHOUSE NEW CONSTRUCTION COMPARABLE SALES = (1)

 

AVALON COMPARISON: 1ST QTR 2009-2010-2011-2012

1ST QTR 1ST QTR 1ST QTR 1ST QTR

RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL

2009 2010 2011 2012

UNDER CONTRACT: 11 14 26 32

COMPARABLE SALES: 4 17 26 30

 

AVERAGE List Price: $867,667. $1,543,767. $1,905,660. $1,808,837.

AVERAGE Sold Price: 722,222. 1,359,583. 1,663,916. 1,592,481.

DAYS on Market 172 163 275 219

 

1ST QTR 1ST QTR 1ST QTR 1ST QTR

Condo/Town Condo/Town Condo/Town Condo/Town

2009 2010 2011 2012

UNDER CONTRACT: 5 11 18 15

COMPARABLE SALES: 12 10 5 20

AVERAGE List Price: $616,772. $904,905. $759,400. $699,253.

AVERAGE Sold Price: 492,868. 664,881. 721,500. 631,097.

DAYS on Market 322 543 74 203

 

AVALON, NJ SALE INVENTORY: 2012:

NOTE: THE SALE INVENTORY IS COMPRISED OF: ALL CLASSES RESIDENTIAL, LOTS, COMMERCIAL, MULTI-FAMILY & CONDO/TOWNHOUSE.

 

1ST QTR 2012

JANUARY = 290

FEBRUARY = 292

MARCH = 302

 

1ST QTR

AVERAGE = (295)