2009 OCTOBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 10/1/2009 TO 10/31/2009 = (0)

RESIDENTIAL COMPARABLE SALES: 10/1/2009 TO 10/31/2009 = (13)

                                               ORIGINAL     REDUCED    SOLD     CLOSING     DOM

ADDRESS                             LIST PRICE    PRICE          PRICE       DATE

234 14th (3)Bed.,(2)Bth.         $749,000.             SAME         $739,500.    10/2/09        42

170 36th (6)Bed.,(2)Bth.         1,100,000.           $950,000.       750,000.    10/30/09      102

161 30th (3)Bed., (2/2)Bth.     1,150,000.             950,000.       755,000.    10/19/09       339

262 77th (3)Bed.,(2.5)Bth.      1,399,999.          1,150,000.        925,050.    10/30/09      496

294 6th (4)Bed.,(3.5)Bth.       1,399,000.             995,000.        999,000.    10/30/09      95

103 34th (4)Bed.,(3)Bth.         1,495,000.              SAME        1,275,000.   10/9/09        158

35 W. 22nd (4)Bed.,(3)Bth.     1,600,000.           1,445,000.     1,300,000.   10/2/09        365

151 20th (5)Bed.,(5)Bth.         1,795,000.           1,499,000.     1,423,000.    10/23/09     404

* 159 20th (5)Bed., (5)Bth.     1,595,000.              SAME        1,500,000.    10/17/09     72

58 E. 15th (4)Bed.,(3)Bth.       2,195,000.            1,795,000.     1,700,000.    10/3/09       218

36 E. 22nd (3)Bed.,(1)Bth.      1,825,000.               SAME        1,825,000.     10/26/09    20

* 1918 Avalon (5)Bed.,(5)Bth. 2,595,000.          2,250,000.     2,070,000.    10/15/09     644

56 E. 18th (5)Bed.,(3/2)Bth.    2,695,000.              SAME         2,400,000.     10/13/09    71

(2) NEW CONSTRUCTION

                                              (21,592,999.)        (19,393,000.)  (17,661,550.)              (3026)

Average Original            Average Reduced            Average Sold            Average Days on

List Price = $1,661,000.  List Price = $1,491,769.   Price = $1,358,581.   Market = 233

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

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

 

LOTS/LAND UNDER CONTRACT: 10/1/2009 TO 10/31/2009 = (0)

LOTS/LAND COMPARABLE SALES: 10/1/2009 TO 10/31/2009 = (0)

 

COMMERCIAL UNDER CONTRACT: 10/1/2009 TO 10/31/2009 (0)

COMMERCIAL COMPARABLE SALES: 10/1/2009 TO 10/31/2009 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 10/1/2009 TO 10/31/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 10/1/2009 TO 10/31/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 10/1/2009 TO 10/31/2009 = (2)

                                                                        ORIGINAL          REDUCED        DAYS ON

ADDRESS                                                      LIST PRICE        PRICE                MARKET

7901 Ocean Dr. (3)Bed.,(2)Bth. #C-6            $565,000.               SAME                  17

276 32nd (5)Bed.,(3)Bth. West                          749,000.               SAME                  9

 

 

 

 

 

CONDO/TOWNHOUSE COMPARABLE SALES: 10/1/2009 TO 10/31/2009 = (8)

                                                           ORIGINAL     REDUCED     SOLD     CLOSING  DOM

ADDRESS                                        LIST PRICE     PRICE           PRICE        DATE

1668 Ocean (3)Bed., (2) Bth. #B-6   $695,000.          $645,000.        $615,000.     10/2/09     125

*2176 Dune (3)Bed.,(3.5)Bth. #2176  799,000.            650,000.          620,000.      10/9/09    276

1688 Ocean (3)Bed.,(2)Bth. #A-5       695,000.            SAME             625,000.      10/9/09    122

*2168 Dune (3)Bed.,(3)Bth. #2168     899,000.            699,000.          670,000.      10/30/09  297

247 28th (5)Bed., (3)Bth. West            829,000.            779,000.          700,000.      10/21/09  450

373 40th (4)Bed.,(3)Bth. West             749,000.            SAME              707,500.     10/23/09  213

3042 Ocean (4)Bed.,(3)Bth. South      739,900.            SAME             730,000.      10/29/09   84

*2007 Dune (4)Bed.,(4.5)Bth. #2        995,000.            825,000.          825,000.      10/3/09    467

(3) NEW CONSTRUCTION - Residential/Commercial

                                                         (6,400,900.)          (5,781,900)     (5,492,500.)               (2634)

Average Original               Average Reduced               Average Sold               Average Days List Price = $800,112.        List Price = $722,737.        Price = $686,562.        on Mkt = 329

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 12/3/2009) = 386

RESIDENTIAL                                                 206

LOTS/LAND                                                      27

COMMERCIAL                                                17

MULTI-FAMILY                                              9

CONDO/TOWNHOUSE                                  127

 

 

2009 NOVEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (10)

                                                          ORIGINAL               REDUCED               DAYS ON

ADDRESS                                        LIST PRICE             LIST PRICE            MARKET

156 9TH (3)Bed.,(1)Bth.                     $765,000.                   SAME                        15

274 16th (4)Bed.,(2)Bth.                      825,000.                    SAME                        5

273 48th (2)Bed.,(1)Bth.                      925,000.                    SAME                        166

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

73 W. 11th (4)Bed.,(2)Bth.                1,095,000.                   SAME                          73

246 16th (5)Bed.,(4/2)Bth.                 1,599,000.                1,550,000.                       59

4528 Ocean (4)Bed.,(2.5)Bth.           1,548,000.                   SAME                          23

154 36th (5)Bed.,(3.5)Bth.                 1,949,000.                   SAME                          10

225 75th (7)Bed.,(7)Bth.                    3,150,000.                2,149,000.                       625

* 184 70th (5)Bed.,(5)Bth.                 3,995,000.                    SAME                         233

(1) NEW CONSTRUCTION

 

 

 

RESIDENTIAL COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (11)

                                                 ORIGINAL     REDUCED     SOLD     CLOSING     DOM

ADDRESS                               LIST PRICE      PRICE          PRICE         DATE

559 22nd (3)Bed.,(1)Bth.           $799,000.          $557,000.        $400,000.       11/27/09      1,022

264 14th (3)Bed.,(2)Bth.             769,000.             SAME            755,000.        11/21/09       67

233 19th (3)Bed.,(1)Bth.             895,000.             SAME            805,000.        11/25/09      106

215 54th (5)Bed.,(3)Bth.           1,399,000.         1,375,000.       1,100,000.       11/18/09       268

744 21st (6)Bed.,(4)Bth.            1,250,000.            SAME         1,150,000.        11/3/09        110

388 22nd (4)Bed.,(2)Bth.           1,595,000.         1,395,000.       1,325,000.        11/19/09      159

479 24th (4)Bed.,(2)Bth.            1,280,000.            SAME          1,360,000.        11/16/09      52

* 1998 Ocean (5)Bed.,(4.5)Bth. 2,595,000.        2,090,000.       1,890,000.        11/6/09        631

4350 Fourth (4)Bed.,(2.5)Bth.   2,299,000.            SAME         2,050,000.        11/25/09      218

150 38th (5)Bed.,(4.5)Bth.         2,595,000.            SAME          2,300,000.        11/20/09      105

316 60th (4)Bed.,(3/2)Bth.         4,295,000.            SAME          4,005,000.        11/23/09       111

(1) NEW CONSTRUCTION

                                                (19,771,000.)       (18,800,000.)  (17,140,000.)                      (2849)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $1,797,364.     List5 Price = $1,709,091.   Price = $1,558,182.     Market = 259

-         Difference between ORIGINAL List Price and SOLD Price = (13%)

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

 

LOTS/LAND UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

LOTS/LAND COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (2)

                                                       ORIGINAL     REDUCED     SOLD     CLOSING     DOM

ADDRESS                                    LIST PRICE     PRICE           PRICE        DATE

249 51ST (60x 110)                      $925,000.           $895,000.        $850,000.     11/25/09      85

257 70th (60x 110)                      1,395,000.              SAME          1,500,000.     11/6/09       296

                                                     (2,320,000.)          (2,290,000.)    (2,350,000.)                   (381)

Average Original                Average Reduced               Average Sold            Average Days on

List Price = $1,160,000.      List Price = $1,145,000.      Price = $1,175,000.   Market = 190

-         Difference between ORIGINAL List Price and SOLD Price = (1%) Higher than List Price

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

 

COMMERCIAL UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

COMMERCIAL COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (0)

 

 

 

 

 

 

 

CONDO/TOWNHOUSE UNDER CONTRACT: 11/1/2009 TO 11/30/2009 = (7)

                                                                         ORIGINAL               REDUCED               DOM

ADDRESS                                                       LIST PRICE             LIST PRICE

280 79th (3)Bed.,(2)Bth. #C-2                          $510,000.                    SAME                          46

1708 Ocean (3)Bed.,(2)Bth. #5                          849,000.                    695,000.                       466

* 2160 Dune (3)Bed.,(3)Bth. #2160                  859,000.                     699,000.                      303

261 27th (4)Bed.,(2.5)Bth. #261                        749,900.                      SAME                         6

344 41st (5)Bed.,(3)Bth. #344                            849,000.                     795,000.                      219

241 33rd (4)Bed.,(2.5)Bth. #East                       997,000.                      849,000.                      649

1100 Ocean (3)Bed.,(2)Bth. #310                    1,525,000.                   1,399,000.                    183

(1) NEW CONSTRUCTION Residential/Commercial

 

CONDO/TOWNHOUSE COMPARABLE SALES: 11/1/2009 TO 11/30/2009 = (5)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING    DOM

ADDRESS                                      LIST PRICE      PRICE          PRICE       DATE 

700 First (2)Bed.,(2)Bth. #203        $599,000.             SAME            $512,500.   11/30/09    236

2108 Ocean (3)Bed.,(2)Bth. 2ndFl   599,000.             549,000.           549,000.    11/20/09    224

272 29th (4)Bed.,(3)Bth. East            749,000.            649,000.            625,000.    11/21/09    263

* 2318 Dune (3)Bed.,(3)Bth. #2318  849,000.            779,000.           725,000.    11/20/09    235

516 20th (4)Bed.,(3.5)Bth. South     1,575,000.           985,000.           850,000.     11/19/09   930

(1) NEW CONSTRUCTION Residential/Commercial

                                                      (4,371,000.)         (3,561,000.)     (3,261,500.)                  (1888)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $874,200.        List Price = $712,200.        Price = $652,300.        Market = 378

-         Difference between ORIGINAL List Price and SOLD Price = (25%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 12/4/2009) = 386

RESIDENTIAL                                             206

LOTS/LAND                                                  27

COMMERCIAL                                            17

MULTI-FAMILY                                          9

CONDO/TOWNHOUSE                              127

 

 

 

 

 

 

 

 

 

2009- DECEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 12/1/2009 TO 12/31/2009 = (3)

                                                           ORIGINAL               REDUCED          DAYS ON

ADDRESS                                         LIST PRICE             LIST PRICE       MARKET

285 38th (5)Bed.,(4/2)Bth.                  $1,499,000.                 SAME                   57

6329 Dune (6)Bed.,(6)Bth.                   3,775,000.                1,999,999.              957

56 E. 26th (5)Bed.,(2)Bth.                      2,300,000.                2,200,000.             225

 

 

 

RESIDENTIAL COMPARABLE SALES: 12/1/2009 TO 12/31/2009 = (10)

                                               ORIGINAL     REDUCED     SOLD     CLOSING    DAYS ON

ADDRESS                             LIST PRICE      PRICE          PRICE        DATE      MARKET

273 48TH(2)Bed.,(1)bth.          $925,000.            SAME          $850,000.    12/4/09        194

3764 Dune(5)Bed.,(4.5)Bth.   1,975,000.         1,495,000.      1,400,000.    12/23/09     487

246 16th(5)Bed.,(4/2)Bth.        1,599,000.         1,550,000.      1,475,000.    12/23/09     102

4528 Ocean(4)Bed.,(2.5)Bth.  1,584,000.          SAME           1,750,000.    12/7/09        55

315 74th(7)Bed.,(2.5)Bth.        3,800,000.          SAME            3,450,000.    12/17/09     160

154 36th(5)Bed.,(3.5)Bth.        1,949,000.          SAME            1,850,250.    12/29/09      41

225 75th(7)Bed.,(7)Bth.           3,150,000.         2,149,000.       1,950,000.    12/31/09     658

6329 Dune(6)Bed.,(6)Bth.       3,775,000.        1,999,999.        2,000,000.    12/28/09     971

* 184 70th(5)Bed.,(5)Bth.        3,995,000.           SAME           3,250,000.     12/29/09     272

73 W. 11th St. (4)Bed.,(2)Bth. 1,095,000.           SAME              991,000.     12/29/09     136

(1) NEW CONSTRUCTION

                                              (23,847,000.)      (20,541,999.)   (18,966,250.)                (3,076)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $2,384,700.     List Price = $2,054,200.     Price = $1,896,625.   Market = 308

-         Difference between ORIGINAL List Price and SOLD Price = (21%)

-         Difference between ORIGINAL List Price and REDUCED Price = (14%)

 

VACANT LOTS/LAND UNDER CONTRACT: 12/1/2009 TO 12/31/2009 = (1)

                                                                       ORIGINAL               REDUCED           DAYS ON

ADDRESS                                                     LIST PRICE             LIST PRICE        MARKET

4101 Ocean 50x 105                                    $575,000.                    SAME                      1

 

VACANT LOTS/LAND COMPARABLE SALES: 12/1/2009 TO 12/31/2009 = (0)

 

COMMERCIAL UNDER CONTRACT: 12/1/2009 TO 12/31/2009 = (0)

COMMERCIAL COMPARABLE SALES: 12/1/2009 TO 12/31/2009 = (1)

                                                 ORIGINAL     REDUCED     SOLD     CLOSING    DAYS ON

ADDRESS                              LIST PRICE    PRICE            PRICE       DATE       MARKET

2005 Dune                               $2,200,000.         SAME        $2,000,000.    12/21/09           1 

(8 Stores-10,384sq.ft.)

 

 

MULTI-FAMILY UNDER CONTRACT: 12/1/2009 TO 12/31/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 12/1/2009 TO 12/31/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 12/1/2009 TO 12/31/2009 = (4)

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE         MARKET

277 27th(4)Bed.,(3)Bth. East                             $738,500.                 $635,900.                156

258 28th(4)Bed.,(2.5)Bth. West                          649,000.                    SAME                   35

* 3546 Ocean(4)Bed.,(3.5)Bth. South             1,250,000.                    SAME                   37

7 Marine Way(3)Bed.,(3)Bth.                          1,374,000.                 1,290,000.               223

(1) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 12/1/2009 TO 12/31/2009 = (5)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE     PRICE          PRICE      DATE        onMkt

7901 Ocean(3)Bed.,(2)Bth. #C-6    $565,000.           SAME           $515,000.    12/4/09         77

* 2160 Dune(3)Bed.,(3)Bth. #2160   859,000.          699,000.           650,000.    12/16/09      346

276 32nd(5)Bed.,(3)Bth. West            749,000.           SAME             725,000.    12/7/09        68

261 27th(4)Bed.,(2.5)Bth. #261          749,900.           SAME             732,500.    12/18/09      48

1100 Ocean(3)Bed.,(2)Bth. #310     1,525,000.      1,399,000.         1,300,000.   12/23/09      219

(1)NEW CONSTRUCTION

                                                        (4,447,900.)    (4,161,900.)     (3,922,500.)                     (758)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $889,580.        List Price = $832,380.        Price = $784,500.      Market = 152

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 1/4/2010) = 358

RESIDENTIAL                                                     188

VACANT LOTS                                                    24

COMMERCIAL                                                    20

MULTI-FAMILY                                                  8

CONDO/TOWNHOUSE                                      118