2011 APRIL AVALON, NJ:

RESIDENTIAL UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

559 22nd (3)Bed.,(1)Bth $549,000. $524,900. 210

124 10th (4)Bed.,(2)Bth. 1,050,000. SAME 520

*166 31st (5)Bed.,(5)Bth. 1,595,000. 1,499,000. 108

249 76th (6)Bed.,(5.5)Bth. 1,895,000. 1,695,000. 433

150 39th (5)Bed.,(4.5)Bth. 2,250,000. SAME 55

(1)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (12)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMKT

282 18th (3)Bed.,(2)Bth $825,000. SAME $750,000. 4/9/11 244

286 45th (4)Bed.,(2.5)Bth. 975,000. $799,000. 771,500. 4/20/11 265

*455 21st (4)Bed.,(4.5)Bth. 975,000. 899,000. 830,000. 4/7/11 247

214 54th (6)Bed.,(2.5)Bth. 895,000. SAME 880,000. 4/8/11 106

249 77th (3)Bed.,(1)Bth. 950,000. SAME 950,000. 4/23/11 1

759 Third (6)Bed.,(4)Bth. 1,195,000. SAME 1,175,000. 4/18/11 101

138 26th (5)Bed.,(4)Bth. 1,325,000. SAME 1,300,018. 4/20/11 38

158 30th (6)Bed.,(5)Bth. 2,000,000. 1,795,000. 1,750,000. 4/29/11 563

*25 W. 17th (6)Bed.,(6)Bth. 1,895,000. SAME 1,825,000. 4/29/11 115

46 w. 9th (5)Bed.,(2.5)Bth. 2,950,000. 2,725,000. 2,500,000. 4/15/11 235

90 E. 11th (4)Bed.,(3)Bth. 3,250,000. SAME 2,950,000. 4/16/11 42

*6212 Dune (6)Bed.,(5/3)Bth. 3,395,000. SAME 3,035,000. 4/8/11 210

(3)NEW CONSTRUCTION

(20,630,000.) (19,948,000.) (18,716,518.) (2,167)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,719,167. List Price = $1,662,333. Price = $1,559,710. Market = 180

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

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

 

LOTS/LAND UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

249 64TH (60X 110) Lot $1,595,000. $1,495,000. 653

 

LOTS/LAND COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

COMMERCIAL COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

MULTI-FAMILY UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LITS PRICE LIST PRICE MARKET

1318 Ocean (3)Bed.,(2)Bth. #D-9 $635,000. SAME 55

*2172 Dune (3)Bed.,(3)Bth. #2172 750,000. 699,000. 443

234 33rd St. (5)Bed.,(3)Bth. West 859,000. 759,000. 334

3389 Ocean (5)Bed.,(3)Bth. East 849,000. SAME 85

66 E. 20th (2)Bed.,(2)Bth. #204 1,175,000. SAME 213

700 22nd (5)Bed.,(4)Bth. #700 1,325,000. SAME 61

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

281 13th (3)Bed.,(2.5)Bth. #281 $479,000. SAME $455,000. 4/30/11 68

2103 Ocean (3)Bed.,(2.5)Bth. #2103 535,000. SAME 529,000. 4/16/11 88

6579 Ocean (3)Bed.,(2)Bth. #C-A 550,000. SAME 535,000. 4/15/11 78

266 33rd (4)Bed.,(3)Bth. East 699,000. SAME 699,000. 4/2/11 53

408 24th (5)Bed.,(4)Bth. East 1,349,000. 799,900. 775,000. 4/20/11 2,028

*2535 Dune (4)Bed.,(3)Bth. #2535 849,000. SAME 795,000. 4/30/11 150

(1)NEW CONSTRUCTION

(4,461,000.) (3,911,900.) (3,788,000.) (2,465)

Average Original Average Reduced Average Sold Average Days on

List Price = $743,500. List Price = $651,983. Price = $631,333. Market = 411

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 5/3/2011) = 360:

RESIDENTIAL 192

LOTS/LAND 27

COMMERCIAL 17

MULTI-FAMILY 7

CONDO/TOWNHOUSE 117

 

2011 MAY AVALON, NJ:

 

RESIDENTIAL UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

148 21st (5)Bed.,(2)Bth. $749,000. SAME 65

246 42nd (4)Bed.,(3)Bth. 1,295,000. 995,000. 90

273 75th (6)Bed.,(2.5)Bth. 1,299,000. SAME 285

11 Heron (4)Bed.,(3.5)Bth. 3,495,000. 2,999,999. 604

7568 Sunset (4)Bed.,(3)Bth. 4,250,000. SAME 1

7578 Sunset (6)Bed.,(5)Bth. 4,995,000. 4,250,000. 476

 

RESIDENTIAL COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (9)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

389 21st (3)Bed.,(1)Bth. $ 749,000. $ 469,000. $ 410,000. 5/6/11 1,356

559 22nd (3)Bed.,(1)Bth. 549,000. 524,900. 490,000. 5/28/11 249

1619 First (3)Bed.,(2)Bth. 799,000. SAME 799,000. 5/24/11 21

226 43rd (3)Bed.,(2.5)Bth. 999,999. 925,000. 900,000. 5/27/11 215

273 76th (3)Bed.,(1.5)Bth. 1,195,000. SAME 990,000. 5/27/11 85

161 8th (4)Bed.,(3.5)Bth. 1,450,000. SAME 1,360,000. 5/3/11 77

26 E. 24th (4)Bed.,(3)Bth. 1,879,000. 1,695,000. 1,585,000. 5/18/11 385

150 39th (5)Bed.,(4.5)Bth. 2,250,000. SAME 2,116,666. 5/16/11 101

140 77th (5)Bed.,(4.5)Bth. 3,495,000. 3,295,000. 2,762,500. 5/31/11 279

(13,365,999.) (12,602,900.) (11,413,166.) (2,768)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,485,111. List Price = $1,400,322. Price = $1,268,129. Market = 307

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

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

 

LOTS/LAND UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

LOTS/LAND COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

249 64th (60x110) $1,595,000. $1,495,000. $1,300,000. 5/27/11 694

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

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

 

COMMERCIAL UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

3101 Dune #202 (Diller & Fisher Plaza) $175,000. $79,900. 1,828

 

COMMERCIAL COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

3101 Dune #201) Diller & Fisher Plaza) $125,000. $79,900. $65,000. 5/28/11 592

-          -          Difference between ORIGINAL List Price and SOLD Price = (48%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (36%)

 

MULTI-FAMILY UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

MULTI-FAMILY COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

1668-1688 Ocean (3)Bed.,(2)Bth. #B-1 $649,000. $629,000. 250

*2527 Dune (4)Bed.,(3)Bth. #2527 779,000. SAME 169

296 65th (5)Bed.,(3.5)Bth. West 839,000. 799,999. 188

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (14)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

287 14th (3)Bed.,(2.5)Bth. $ 639,900. $ 472,770. $ 462,000. 5/31/11 676

55 W. 32nd (3)Bed.,(2)Bth. #4(2-B) 559,000. 539,000. 541,000. 5/25/11 81

1318 Ocean (3)Bee.,(2)Bth. #D-9 635,000. SAME 590,000. 5/13/11 91

*2172 Dune (3)Bed.,(3)Bth. #2172 750,000. 699,000. 665,000. 5/6/11 483

234 33rd (5)Bed., (3)Bth. West 859,000. 759,000. 700,000. 5/6/11 368

259 28th (4)Bee.,(3)Bth. East 749,900. 724,900. 712,500. 5/6/11 287

*2531 Dune (40Bed.,(3)Bth. #2531 779,000. SAME 715,000. 5/20/11 170

224 27th (4)Bed.,(3)Bth. West 739,000. SAME 740,000. 5/3/11 42

3389 Ocean (5)Bede.,(3)Bth. East 849,000. SAME 800,000. 5/9/11 126

*252 29th (5)Bed.,(3.5)Bth. East 849,000. SAME 825,000. 5/27/11 252

746 21st (2)Bed.,(3.5)Bth. East-Bay 995,000. SAME 915,000. 5/11/11 103

66 E. 20th (2)Bed.,(2)Bth. #204 1,175,000. SAME 999,990. 5/7/11 246

499 24th (5)Bed.,(4)Bth. West-Bay 1,325,000. SAME 1,200,000. 5/6/11 109

700 22nd (5)Bed.,(4)Bth. East-Bay 1,325,000. SAME 1,215,000. 5/23/11 89

(3)NEW CONSTRUCTION

(12,228,800.) (11,865,670.) (10,883,490.) (3,123)

Average Original Average Reduced Average Sold Average Days on

List Price = $873,485. List Price = $847,548. Price = $777,392. Market = 223

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

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

 

 

 

TOTAL AVALON SALE INVENTORY (AS OF 6-17-2011) = 362

RESIDENTIAL 206

LOTS/LAND 25

COMMERCIAL 15

MULTI-FAMILY 6

CONDO/TOWNHOUSE 110

 

 

2011 JUNE AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

131 17th (3)Bed.,(1.5)Bth. $ 799,000. SAME 10

141 20th (3)Bed.,(1.5)Bth. 1,195,000. $ 850,000. 422

1389 First Ave (4)Bed.,(2)Bth. 995,000. SAME 402

 

RESIDENTIAL COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (11)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

74 W. 24th (3)Bed.,(1.5)Bth. $1,299,900. $1,099,000. $800,000. 6/3/11 359

1564 Avalon (3)Bed.,(1)Bth. 1,299,000. 999,000. 850,000. 6/10/11 1,079

274 47th (5)Bed.,(2)Bth. 950,000. SAME 912,000. 6/16/11 113

246 42nd (4)Bed.,(3)Bth. 1,295,000. 995,000. 937,500. 6/17/11 114

2868 Ocean (4)Bed.,(3)Bth. 1,260,000. 999,000. 960,000. 6/30/11 315

273 75th (6)Bed.,(2.5)Bth. 1,299,000. SAME 1,110,000. 6/18/11 320

*166 31st (5)Bed.,(5)Bth. 1,595,000. 1,499,000. 1,470,000. 6/10/11 158

249 76th (6)Bed.,(5.5)Bth. 1,895,000. 1,695,000. 1,655,000. 6/3/11 483

654 7th (4)Bed.,(2.5)Bth. 2,350,000. SAME 1,900,000. 6/24/11 84

7568 Sunset (4)Bed.,(3)Bth. 4,250,000. SAME 3,862,500. 6/27/11 38

7578 Sunset (6)Bed.,(5)Bth. 4,995,000. 4,250,000. 3,862,500. 6/27/11 515

(1)NEW CONSTRUCTION

(22,487,900.) (20,385,000.) (18,319,500.) (3,578.)

Average Original Average Reduced Average SOLD Average Days on

List Price = $2,044,354. List Price = $1,853,182. Price = $1,665,409. Market = 325

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

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

 

LOTS/LAND UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

LOTS/LAND COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

COMMERCIAL COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

234 32ND (4/4)Bed.,(2/2)Bth. $1,375,000. SAME 376

 

MULTI-FAMILY COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

301 80th (3)Bed.,(2)Bth. #20 $449,000. SAME 20

6669 Ocean (4)Bed.,(2)Bth. South 749,000. 699,000. 157

312 79th (4)Bed.,(3)Bth. #312 779,000. SAME 147

*2507 Dune (4)Bed.,(3)Bth. #2507 849,000. SAME 199

*3287 Ocean (5)Bed.,(3.5)Bth. East 949,000. SAME 128

6446 Ocean Dr. (5)Bed.,(4)Bth. North 1,099,000. SAME 164

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

153 38th (3)Bed.,(1)Bth. #153 $1,195,000. $699,000. $475,000. 6/30/11 1,875

2485 Ocean (4)Bed.,(3.5)Bth. West 725,000. SAME 645,000. 6/17/11 128

*2527 Dune (4)Bed.,(3)Bth. #2527 779,000. SAME 725,000. 6/18/11 199

295 65th (50Bed.,(3.5)Bth. West 839,000. 799,999. 765,000. 6/18/11 228

*6594 Ocean (5)Bed.,(3.5)Bth. #6594 949,000. SAME 895,000. 6/30/11 178

*613 Sunrise (5)Bed.,(4)Bth. West 1,395,000. SAME 1,350,000. 6/27/11 27

(3)NEW CONSTRUCTION

(5,882,000.) (5,346,999.) (4,855,000.) (2,635)

Average Original Average Reduced Average SOLD Average Days on

List Price = $980,333. List Price= $891,166. Price = $809,167. Market = 439

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF JULY 14, 2011) = 357

RESIDENTIAL 210

LOTS/LAND 28

COMMERCIAL 9

MULTI-FAMILY 6

CONDO/TOWNHOUSE 104