4TH QUARTER AVALON,NJ-2009 STATISTICS:

RESIDENTIAL:                    UNDER CONTRACT             COMPARABLE SALES

OCTOBER                                               0                                                   13

NOVEMBER                                          10                                                  11

DECEMBER                                           3                                                    10

(13)                                                                                              (34)

                         ORIGINAL List Price       REDUCED Price        SOLD Price     Days on Mkt

OCTOBER        $1,661,000.                         $1,491,769.                  $1,358,581.           233

NOVEMBER      1,797,364.                           1,709,091.                    1,558,182.           259

DECEMBER       2,384,700.                           2,054,200.                    1,896,625.           308

 

4TH QTR

AVERAGE          ($1,947,688.)                     (1,751,687.)                 (1,604,463.)          (267)

-         Difference between ORIGINAL List Price and SOLD Price = (18%)

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

 

LOTS/LAND:                         UNDER CONTRACT           COMPARABLE SALES

OCTOBER                                               0                                                0

NOVEMBER                                           0                                                2

DECEMBER                                           1                                                 0

                                                                  (1)                                              (2)

COMMERCIAL:                     UNDER CONTRACT          COMPARABLE SALES

OCTOBER                                                0                                                0

NOVEMBER                                            0                                                0

DECEMBER                                             0                                                1

                                                                   (0)                                              (1)

MULTI-FAMILY:                   UNDER CONTRACT            COMPARABLE SALES

OCTOBER                                                 0                                                0

NOVEMBER                                             0                                                0

DECEMBER                                              0                                                0

 

CONDO/TOWNHOUSE:        UNDER CONTRACT            COMPARABLE SALES

OCTOBER                                                 2                                                8

NOVEMBER                                             7                                                5

DECEMBER                                              4                                                5

(13)                                                                                        (18)

                       ORIGINAL List Price     REDUCED List Price     SOLD Price    Days on Mkt

OCTOBER        $800,112.                         $722,737.                         $686,562.                329

NOVEMBER       874,200.                          712,200.                           652,300.                378

DECEMBER       889,580.                           832,380.                           784,500.                152

 

4TH QTR,

AVERAGE:        ($854,631.)                     ($755,772.)                      ($707,787.)            (286)

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

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

 

2009 AVALON,NJ: 1ST-2ND-3RD-4TH QUARTER STATISTICS:

 

RESIDENTIAL:

                  Average Original          Average Reduced       Average Sold     Average Days on

                  List Price                       List Price                     Price                   Market

1ST QTR      $   867,667.                  $    779,778.                 $    722,222.         172

2ND QTR       1,609,793.                     1,497,817.                    1,370,583.         277

3RD QTR       2,233,792.                     2,061,755.                    1,839,846.         328

4TH QTR       1,947,688.                     1,751,687.                    1,604,463.         267

 

2009

AVERAGE  $ 1,664,735.                  $ 1,522,759.                 $ 1,384,278.        261

 

TOTAL RESIDENTIAL UNITS:   UNDER CONTRACT         COMPARABLE SALES

1ST QTR                                                             11                                                  4

2ND QTR                                                            14                                                  19

3RD QTR                                                            28                                                  28

4TH QTR                                                            13                                                  34

TOTALS:                                                         (66)                                                (85)

 

TOTAL RESIDENTIAL - NEW CONSTRUCTION SOLD = (14)

 

LOTS/LAND:                             UNDER CONTRACT                COMPARABLE SALES

1ST QTR                                                         2                                                           0

2ND QTR                                                        1                                                           1

3RD QTR                                                        0                                                           1

4TH QTR                                                        1                                                            2

                                                                       (4)                                                         (4)

COMMERCIAL:                       UNDER CONTRACT                 COMPARABLE SALES

 1ST QTR                                                        1                                                            0

2ND QTR                                                        0                                                            1

3RD QTR                                                        0                                                            1

4TH QTR                                                        0                                                             1

                                                                      (1)                                                          (3)

MULTI-FAMILY:                     UNDER CONTRACT                 COMPARABLE SALES

1ST QTR                                                           0                                                          0

2ND QTR                                                          0                                                           0

3RD QTR                                                          0                                                           0

4TH QTR                                                           0                                                          0

 

 

 

 

 

 

CONDO/TOWNHOUSE:

                    Average Original        Average Reduced        Average Sold        Average Days on

                    List Price                     List Price                      Price                      Market

1ST QTR      $ 616,772.                    $ 521,966.                     $ 492,868.               322

2ND QTR        664,744.                       598,796.                        560,170.               284

3RD QTR        813,144.                       701,987.                        663,860.               321

4TH QTR        854,631.                       755,772.                        707,787.               286

 

2009

AVERAGE    $ 737,323.                  $ 644,630.                    $ 606,171.               303

 

TOTAL CONDO/TOWNHOUSE UNITS: UNDER CONTRACT  COMPARABLE SALES

1ST QTR                                                                            5                                     12

2ND QTR                                                                           12                                   17

3RD QTR                                                                           15                                   21

4TH QTR                                                                           13                                   18

TOTALS:                                                                        (45)                                 (68)

 

TOTAL CONDO/TOWNHOUSE UNITS NEW CONSTRUCTION SOLD = (21)

 

TOATL 2009 AVALON SALES UNITS = (160)

RESIDENTIAL                                                 85

LOTS/LAND                                                      4

COMMERCIAL                                                 3

MULTI-FAMILY                                               0

CONDO/TOWNHOUSE                                   68