2010 OCTOBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (4)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

148 15th St. (3)Bed.,(2)Bth. $869,000. $848,333. 71

1189 Avalon (5)Bed.,(3)Bth. 1,450,000. SAME 4

204 63rd (4)Bed.,(2)Bth. 1,650,000. SAME 534

*166 9th (6)Bed., (5.5)Bth. 1,699,000. 1,679,000. 77

(1)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (6)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

143 25th (4)Bed.,(2)Bth. $1,100,000. $990,000. $935,000. 10/31/10 445

4615 Fifth (5)Bed.,(3.5)Bth. 2,300,000. 1,979,000. 1,625,000. 10/29/10 228

10 E. 10th (5)Bed.,(3)Bth. 1,999,000. 1,899,000. 1,700,000. 10/15/10 143

23 E. 27th (5)Bede.,(4)Bth. 3,649,000. 1,999,950. 1,770,000. 10/22/10 1,541

157 72nd (5)Bed.,(4.5)Bth. 3,500,000. SAME 2,275,000. 10/29/10 339

*547 42nd (5)Bed.,(5/2)Bth. 4,495,000. 4,695,000. 4,200,000. 10/30/10 471

(1)NEW CONSTRUCTION

(17,043,000.) (15,062,950.) (12,505,000.) (3,167)

Average Original Average Reduced Average Sold Average Days List Price = $2,840,500. List Price = $2,510,492. Price = $2,084,417. On Mkt = 528

-          Difference between ORIGINAL List Price and SOLD Price = (27%)

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

 

LOTS/LAND UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

LOTS/LAND COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)

 

COMMERCIAL UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

COMMERCIAL COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

MULTI-FAMILY COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

6594 Ocean(3/3)Bth. (2/1.5)Bth. $995,000. $875,000. $710,000. 10/27/10 196

 

Average Original Average Reduced Average Sold Average Days List Price = $995,000. List Price = $875,000. Price = $710,000. onMkt = 196

-          Difference between ORIGINAL List Price and SOLD Price = (29%)

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

CONDO/TOWNHOUSE UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

601 Dune (1)Bed.,(1)Bth. #2 $500,000. $475,000. 459

3249 Ocean (4)Bed.,(2.5)Bth. North 875,000. 599,000. 1,422

231 26th (4)Bed.,(2)Bth. West 629,900. SAME 6

420 24th (5)Bed.,(4)Bth. East 839,000. 785,000. 229

223 35th (5)Bed.,(3)Bth. West 799,000. SAME 1

 

CONDO/TOWNHOUSE COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (8)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

440 20th (3)Bed.,(2)Bth.1stFl $475,000. $438,000. $425,000. 10/15/10 185

7901 Ocean (3)Bed.,(2)Bth. #C-5 500,000. SAME 470,000. 10/13/10 134

276 12th (3)Bed.,(2.5)Bth. 549,000. 539,000. 485,000. 10/15/10 165

2322 Dune (3)Bed.,(3)Bth. #2322 649,000. SAME 630,000. 10/2/10 81

700 Ocean (3)Bed., (2)Bth. #F-1 895,000. SAME 650,000. 10/15/10 45

66 E. 20th (2)Bed.,(2)Bth. #205 945,000. SAME 905,000. 10/22/10 111

501 24th (4)Bed.,(4)Bth. East 1,699,000. 1,525,000. 1,200,000. 10/29/10 282

598 W. 22nd (5)Bede.,(4)Bth. 1,295,000. SAME 1,350,000. 10/29/10 185

(7,007,000.) (6,786,000.) (6,115,000.) (1,188)

Average Original Average Reduced Average Sold Average Days on

List Price = $875,875. List Price = $848,250. Price = $764,375. Market = 148

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 11/6/2010) = 383

RESIDENTIAL 217

LOTS/LAND 25

COMMERCIAL 17

MULTI-FAMILY 9

CONDO/TOWNHOUSE 115

 

 

2010- NOVEMBER AVALON, NJ:

RESIDENTIAL UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST RICE MARKET

189 11th St; (3)Bed.,(1)Bth. $899,000. $799,000. 130

141 16th (4)Bed.,(2)Bth. 899,000. 879,000. 122

73 W. 13th (4)Bed.,(2.5)Bth. 1,055,000. 899,000. 202

26 W. 15th (3)Bed.,(2)Bth. 925,000. SAME 413

299 41st (4)Bed.,(4)Bth. 1,695,000. 950,000. 190

RESIDENTIAL COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (8)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

219 22nd (3)Bed.,(1)Bth. $ 939,000. $ 614,900. $ 550,000. 11/8/10 1,261

109 25th (4)Bed.,(3)Bth. 1,150,000. SAME 995,000. 11/4/10 118

573 21st (4)Bed.,(3)Bth. 1,895,000. 1,099,000. 1,050,000. 11/12/10 623

250 60th (3)Bed.,(1.5)Bth. 1,329,000. 1,195,000. 1,062,500. 11/10/10 554

204 63rd (4)Bed.,(2)Bth. 1,650,000. SAME 1,200,000. 11/19/10 575

*265 17th (5)Bed.,(5)Bth. 1,449,000. 1,399,000. 1,315,000. 11/19/10 315

7528 Sunset (3)Bed.,(1)Bth. 2,695,000. 2,395,000. 1,960,000. 11/12/10 412

257 79th (5)Bed.,(5)Bth. 2,550,000. 2,500,000. 2,300,000. 11/3/10 356

(1)NEW CONSTRUCTION

(13,657,000.) (12,002,900.) (10,432,500.) (4,214)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,707,125. List Price = $1,500,362. Price = $1,304,062. Market = 527

-          Difference between ORIGINAL List Price and SOLD Price = (24%)

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

 

LOTS/LAND UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

LOTS/LAND COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

COMMERCIAL UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

COMMERCIAL COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

MULTI-FAMILY COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

CONDO/TOWNHOUSE COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (8)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

601 Dune (1)Bed.,(1)Bth. #2 $ 500,000. $ 475,000. $ 445,000. 11/12/10 505

404 21st (5)Bed.,(3)Bth. East 599,000. SAME 500,000. 11/30/10 105

277 27th (4)Bed.,(3)Bth. East 738,500. 631,500. 554,000. 11/15/10 501

700 Ocean (3)Bed.,(2.5)Bth. #C-6 769,000. 649,900. 600,000. 11/2/10 475

6537 Ocean (4)Bed.,(2.5)Bth. North 896,000. 699,000. 685,000. 11/22/10 1,005

257 35th (5)Bed.,(3)Bth. West 825,000. 725,000. 725,000. 11/19/10 250

223 35th (5)Bed.,(3)Bth. West 799,000. SAME 765,000. 11/13/10 41

420 24th (5)Bed.,(4)Bth. East 839,000. 785,000. 785,000. 11/30/10 277

 

(5,965,500.) (5,363,400.) (5,059,000.) (3,159)

Average Original Average Reduced Average Sold Average Days on

List Price = $745,687. List Price = $670,425. Price = $632,375. Market = 395

 

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 1/3/2011) = 312

RESIDENTIAL 173

LOTS/LAND 23

COMMERCIAL 9

MULTI-FAMILY 8

CONDO/TOWNHOUSE 99

 

2010 DECEMBER AVALON, NJ:

RESIDENTIAL UNDER CONTRACT: 12/1/2010 TO 12/31/2010 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

178 39th (3)Bed.,(1)Bth. $879,000. SAME 73

408 42nd (4)Bed.,(2)Bth. 1,850,000. 1,250,000. 226

588 3rd (5)Bed.,(3)Bth. 1,549,000. SAME 43

168 35th (4)Bed.,(3)Bth. 1,695,000. 1,595,000. 351

11 E. 11th (5)Bed.,(4.5)Bth. 2,099,000. 1,699,000. 388

92 E. 14th (5)Bed.,(5.5)Bth. 5,495,000. SAME 54

 

RESIDENTIAL COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (15)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

2253 Ocean (5)Bed.,(1)Bth. $799,000. $525,000. $382,500. 12/15/10 988

2109 Harbor (3)Bed.,(2)Bth. 790,000. 699,999. 575,000. 12/17/10 217

148 15th (3)Bed.,(2)Bth. 869,000. 848,333. 800,000. 12/15/10 121

141 16th (4)Bed.,(2)Bth. 899,000. 879,000. 812,500. 12/30/10 171

2858 Ocean (3)Bed.,(1.5)Bth. 1,275,000. 900,000. 850,000. 12/31/10 1,066

2848 Ocean (5)Bed.,(2.5)Bth. 959,000. SAME 900,000. 12/9/10 56

205 37th (4)Bed.,(3)Bth. 1,150,000. 899,000. 920,000. 12/29/10 217

221 41st (5)Bed.,(4)Bth. 1,450,000. 1,395,000. 1,270,000. 12/31/10 588

226 58th (4)Bed.,(3)Bth. 1,375,000. SAME 1,300,000. 12/18/10 122

1189 Avalon (5)Bed.,(3)Bth. 1,450,000. SAME 1,412,865. 12/14/10 61

*166 9th (6)Bed.,(5.5)Bth. 1,699,000. 1,679,900. 1,562,500. 12/1/10 121

2888 Ocean (5)Bed.,(4)Bth. 2,200,000. 1,995,000. 1,750,000. 12/9/10 1,030

*261 77th (5)Bed.,(5)Bth. 1,849,000. SAME 1,762,500. 12/21/10 49

3449 First (5)Bed.,(5)Bth. 2,375,000. 2,095,000. 1,937,500. 12/10/10 329

215 59th (5)Bed.,(3.5)Bth. 2,400,000. 2,250,000. 1,950,000. 12/29/10 260

(2)NEW CONSTRUCTION

(21,539,000.) (19,799,232.) (18,155,365.) (5,396)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,435,933. List Price = $1,319,949. Price = $1,210,358. Market = 360

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

-          Difference between ORIGINAL List Price and REDUCED Price = (8%)

 

LOTS/LAND UNDER CONTRACT: 12/1/10 TO 12/31/10 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

9 W. 14TH 60x 110 VACANT LOT $1,100,000. SAME 172

 

LOTS/LAND COMPARABLE SALES: 12/1/10 TO 12/31/10 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

538 42nd St. 50x 155 VACANT LOT $2,695,000. $2,295,000. $2,100,000. 12/30/10 310

 

COMMERCIAL UNDER CONTRACT: 12/1/10 TO 12/31/10 = (0)

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

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

2166 Dune (1,435sq.ft.) #2166 $350,000. SAME $275,000. 12/28/10 354

 

MULTI-FAMILY UNDER CONTRACT: 12/1/10 TO 12/31/10 = (0)

MULTI-FAMILY COMPARABLE SALES: 12/1/10 TO 12/31/10 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 12/1/10 TO 12/31/10 = (0)

CONDO/TOWNHOUSE COMPARABLE SALES: 12/1/10 TO 12/31/10 = (5)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

390 39th (3)Bed.,(2.5)bth. #C-A $599,000. $499,999. $327,700. 12/13/10 313

3249 Ocean (4)Bed.,(2.5)Bth. North 875,000. 599,000. 515,000. 12/18/10 1,492

2164 Dune (3)Bed.,(3)Bth. #2164 699,000. 669,000. 624,000. 12/30/10 356

231 26th (4)Bed.,(2)Bth. West 629,900. SAME 628,900. 12/23/10 80

1306 Ocean (4)Bed.,(2/2)Bth. #1306 999,900. 895,900. 825,000. 12/27/10 97

(3,802,800.) (3,293,799.) (2,920,600.) (2,338)

Average Original Average Reduced Average Sold Average Days on

List Price = $760,560. List Price = $658,760. Price = $584,120. Market = 468

-          Difference between ORIGINAL List Price and SOLD Price = (23%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 1-3-2011) = 312

RESIDENTIAL 173

LOTS/LAND 23

COMMERCIAL 9

MULTI-FAMILY 8

CONDO/TOWNHOUSE 99