2011 OCTOBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (6)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

131 13th (3)Bed.,(1.5)Bth. $749,900. $715,000. 105

2489 Avalon (5)Bed.,(1.5)Bth. 1,425,000. 1,325,000. 197

36 E. 25th (5)Bed.,(3.5)Bth. 1,578,300. 1,400,000. 119

262 76th (4)Bed.,(3.5)Bth. 1,649,000. 1,595,000. 148

54 W. 34th (5)Bed.,(3.5)Bth. 2,595,000. SAME 213

66 W. 13th (7)Bed.,(7-2)Bth. 2,999,000. SAME 114

 

RESIDENTIAL COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (8)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

1709 Dune (2)Bed.,(1)Bth. $729,000. $675,000. $660,000. 10/14/11 123

179 34th (3)Bed.,(2)Bth. 1,249,000. 899,000. 850,000. 10/11/11 323

203 8th (5)Bed.,(2)Bth. 1,250,000. 1,150,000. 1,025,000. 10/29/11 645

1758 Dune (5)Bed.,(5)Bth. 1,599,000. SAME 1,457,500. 10/21/11 93

*148 16th (6)Bed.,(6-2)Bth. 1,695,000. SAME 1,525,000. 10/14/11 39

134 36th (4)Bed.,(3-2)Bth. 1,595,000. SAME 1,545,000. 10/22/11 95

25 E. 20th (5)Bed.,(4)Bth. 1,995,000. SAME 1,737,500. 10/14/11 150

*23 Pelican (50Bed.,(4-2)Bth. 4,850,000. SAME 4,600,000. 10/4/11 39

(2)NEW CONSTRUCTION

(14,962,000.) (14,458,000.) (13,400,000.) (1,507)

Average Original Average Reduced Average SOLD Average Days on

List Price = $1,870,250. List Price = $1,807,250. Price = $1,675,000. Market = 188

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

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

 

LOTS/LAND UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (0)

LOTS/LAND COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

74 E. 18th (50x 110) $1,895,000. SAME $1,750,000. 10/8/11 61

Average Original Average Reduced Average SOLD Average Days on

List Price = $1,895,000. List Price = $1,895,000. Price = $1,750,000. Market = 61

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

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

 

 

 

COMMERCIAL UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (0)

COMMERCIAL COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

2162 Dune Dr. (1,377sq.ft.) $350,000. SAME $275,000. 10/11/11 644

Average Original Average Reduced Average SOLD Average Days on

List Price = $350,000. List Price = $350,000. Price = $275,000. Market = 644

-          Difference between ORIGINAL List Price and SOLD Price = (22%)

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

MULTI-FAMILY UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

211 23rd St. (2/2)Bed.,(1/1)Bth. 40x 110 $575,000. $549,000. 192

 

MULTI-FAMILY COMPARABEL SALES: 10/1/2011 TO 10/31/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 10/1/2011 TO 10/31/2011 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

72 W. 13th (2)Bed.,(1)Bth. #3 $500,000. $385,000. 403

700 First (2)Bed.,(2)Bth. #404 585,000. SAME 15

213 35th (4)Bed.,(3)Bth. West 825,000. 799,000. 62

 

CONDO/TOWNHOUSE COMPARABLE SALES: 10/1/2011 TO 10/31/2011 = (8)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

1719 Ocean (3)Bed.,(2)Bth. #3 $499,500. $495,500. $462,500. 10/7/11 329

274 21st (3)Bed.,(3)Bth. #274 520,000. SAME 510,000. 10/12/11 439

862 First (3)Bed.,(2)Bth. #1 575,000. 549,000. 530,000. 10/28/11 454

700 First (2)Bed.,(2)Bth. #406 685,000. 599,000. 560,000. 10/11/11 878

*3289 Ocean (5)Bed.,(3.5)Bth. West 949,000. SAME 885,000. 10/29/11 254

*3289 Ocean (5)Bed.,(3.5)Bth. East 949,000. SAME 885,000. 10/29/11 255

6446 Ocean (5)Bed.,(4)Bth. North 1,099,000. 1,030,000. 925,000. 10/15/11 281

659 24th (5)Bed.,(4)Bth. West 1,650,000. 1,399,000. 1,285,000. 10/18/11 588

(2)NEW CONSTRUCTION

(6,926,500.) (6,490,500.) (6,042,500.) (3,478)

Average Original Average Reduced Average SOLD Average Days on

List Price = $865,812. $811,312. Price = $755,312. Market = 435

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 11/5/2011) = 339: RESIDENTIAL = 190 LOTS/LAND = 25 COMMERCIAL = 9 MULTI-FAMILY = 6 CONDO/TOWNHOUSE = 109

2011 NOVEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (4)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

128 30th (3)Bed.,(1.5)Bth. $899,000. $839,000. 46

251 18th (4)Bed.,(4)Bth. 1,195,000. SAME 36

83 W. 12th (6)Bed.,(4.5)Bth. 1,525,000. 1,495,000. 112

434 7th (5)Bed.,(2/2)Bth. 1,649,000. 1,495,000. 241

 

RESIDENTIAL COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (8)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

425 22nd (3)Bed.,(1.5)Bth. $599,000. $499,000. $448,500. 11/29/11 508

237 46th (3)Bed.,(1.5)Bth. 799,000. 725,000. 650,000. 11/29/11 99

131 13th (3)Bed.,(1.5)Bth. 749,900. 715,000. 650,000. 11/14/11 136

2159 First (3)Bed.,(3)Bth. 949,000. SAME 882,000. 11/12/11 157

43 W. 31st (5)Bed.,(2.5)Bth. 1,195,000. SAME 1,062,500. 11/22/11 75

65 W. 34th (4)Bed.,(3)Bth. 1,795,000. SAME 1,542,500. 11/18/11 121

66 W. 13th (7)Bed.,(7/2)Bth. 2,999,000. SAME 2,100,000. 11/16/11 165

178 75th (4)Bed.,(4)Bth. 2,595,000. 2,350,000. 2,183,000. 11/18/11 290

(11,680,900.) (11,227,000.) (9,518,500.) (1,548)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,460,112. List Price = $1,403,375. Price = $1,189,812. Market = 193

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

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

 

LOTS/LAND UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (0)

LOTS/LAND COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (0)

COMMERCIAL COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (0)

MULTI-FAMILY COMPARABEL SALES: 11/1/2011 TO 11/30/2011 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 11/1/2011 TO 11/30/2011 = (8)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

7900 Dune (1)Bed.,(1)Bth. #300 $280,000. $199,000. 1,120

234 21st (2)Bed.,(2)Bth. #203 399,950. 350,000. 249

478 20th (3)Bed.,(2)Bth. #A 435,000. 419,500. 279

2109 Dune (2)Bed.,(1)Bth. #B 449,900. SAME 60

269 23rd (3)Bed.,(2.5)Bth. #C-A,East 578,000. 548,000. 82

1314 Ocean (3)Bed.,(2)Bth. #3 625,000. 549,000. 299

422 24th (5)Bed.,(4)Bth. #422 795,000. SAME 2

*254 28th (5)Bed.,(3.5)Bth. West 869,000. SAME 1

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 11/1/2011 TO 11/30/2011 = (3)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

72 W. 13th (2)Bed.,(1)Bth. #3 $500,000. $385,000. $365,000. 11/18/11 440

700 First (2)Bed.,(2)Bth. #404 585,000. SAME 559,000. 11/11/11 53

*6592 Ocean (5)Bed.,(3.5)Bth. #6592 949,000. SAME 865,000. 11/19/11 267

(1)NEW CONSTRUCTION

(2,034,000.) (1,919,000.) (1,789,000.) (760)

Average Original Average Reduced Average Sold Average Days on

List Price = $678,000. List Price = $639,667. Price = $596,333. Market = 253

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 12-6-11) = 318

RESIDENTIAL 181

LOTS/LAND 25

COMMERCIAL 6

MULTI-FAMILY 6

CONDO/TOWNHOUSE 100

 

2011 DECEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (3)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

121 31st (5)Bed.,(2.5)Bth. $799,000. SAME 53

380 24th (4)Bed.,(3)Bth. 949,000. $899,000. 481

210 17th (4)Bed.,(3.5)Bth. 1,299,000. SAME 114

 

RESIDENTIAL COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (5)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

459 21st (2)Bed.,(1)Bth. $459,000. SAME $430,000. 12/29/11 164

128 30th (3)Bed.,(1.5)Bth. 899,000. 839,000. 780,000. 12/16/11 92

245 66th (4)Bed.,(2)Bth. 1,799,000. 1,399,000. 1,100,000. 12/16/11 791

262 76th (4)Bed.,(3.5)Bth. 1,649,000. 1,595,000. 1,550,000. 12/9/11 199

2289 Avalon (5)Bed.,(3.5)Bth. 1,850,000. SAME 1,800,000. 12/2/11 43

(6,656,000.) (6,142,000.) (5,660,000.) (1,289)

Average Original Average Reduced Average Sold Average Days on

List Price = $1,331,200. List Price = $1,228,400. Price = $1,132,000. Market = 258

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

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

 

LOTS/LAND UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (0)

LOTS/LAND COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (0)

 

COMMERCIAL UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (1)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

863 21st (Avalon Anchorage Marina) 317x 100 $3,000,000. SAME 160

Bait & Tackle, Fuel Dock(Diesel/Gasoline), Launch Ramp, Maintenance/Repair,

Parking, 30 slips w/new docks, pilings & utility hook-ups; accommodate boat sizes

(12 to 28). New Vinyl Bulkhead 32,682.347sq.ft.

 

COMMERCIAL COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (0)

MULTI-FAMILY COMPARABLE SALES: 12/1/2011 TO 12/3/12011 = (1)

ORIGINAL REDUCED SOLD CLOSING DAYS ON

ADDRESS LIST PRICE PRICE PRICE DATE MARKET

211 23rd (2/2)Bed.,(1/1)Bth. $575,000. $549,000. $507,500. 12/5/11 266

Average Original Average Reduced Average SOLD Average Days on

List Price = $575,000. List Price = $549,000. Price = $507,500. Market = 266

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

-          Difference between ORIGINAL List Price and REDUCED Price = (5%)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 12/1/2011 TO 12/31/2011 = (5)

ORIGINAL REDUCED DAYS ON

ADDRESS LIST PRICE LIST PRICE MARKET

290 79th (3)Bed.,(2)Bth. #15 $449,000. $439,000. 148

3025 Dune (3)Bed.,(3)Bth. #3035 615,000. 599,000. 18

6720 Ocean (3)Bed.,(2.5)Bth. #6720 599,000. SAME 17

3249 Ocean (4)Bed.,(2.5)Bth. North 659,000. 615,000. 184

498 22nd (5)Bed.,(4)Bth. West 1,395,000. 1,350,000. 317

 

CONDO/TOWNHOUSE COMPARABLE SALES: 12/1/2011 TO 12/31/2011 = (9)

ORIGINAL REDUCED SOLD CLOSING DAYS

ADDRESS LIST PRICE PRICE PRICE DATE onMkt

7900 Dune (1)Bed.,(1)Bth. #300 $280,000. $199,000. $160,000. 12/29/11 1,156

579 22nd (3)Bed.,(1.5)Bth. #A 395,000. 345,000. 310,000. 12/23/11 380

234 21st (2)Bed.,(2)Bth. #203 399,950. 350,000. 320,000. 12/16/11 286

2109 Dune (2)Bed.,(1)Bth. #B 449,900. SAME $412,500. 12/30/11 109

269 23rd (3)Bed.,(2.5)Bth. #A-East 578,000. 548,000. 515,000. 12/23/11 123

487 22nd (5)Bed.,(3)Bth. West 799,000. 749,000. 725,000. 12/28/11 314

213 35th (4)Bed.,(3)Bth. West 825,000. 799,000. 750,000. 12/2/11 118

422 24th (5)Bed.,(4)Bth. #422 795,000. SAME 754,000. 12/21/11 54

663 Sunrise (4)Bed.,(3/2)Bth. East 1,495,000. 1,195,000. 1,112,500. 12/21/11 344

(6,016,850.) (5,429,900.) (5,059,000.) (2,884)

Average Original Average Reduced Average SOLD Average Days on

List Price = $668,539. List Price = $603,322. Price = $562,111. Market = 320

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 1/9/2012) = 299

RESIDENTIAL 172

LOTS/LAND 24

COMMERCIAL 5

MULTI-FAMILY 6

CONDO/TWONHOUSE 92