2011 AVALON,NJ: 1ST-2ND-3RD-4TH QTR. STATISTICS:

RESIDENTIAL:

Average Original Price Average Reduced Price Average Sold Price Average Days on MKT

1st QTR $1,616,833. $1,348,500. $1,170,833. 428

2ND QTR $1,749,544. $1,638,612. $1,497,749. 271

3RD QTR $1,860,766. $1,615,580. $1,468,154. 310

4TH QTR $1,553,854. $1,479,675. $1,332,227. 213

2011

AVERAGE: $ 1,695,249. $ 1,520,592. $ 1,367,241. 305

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

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

TOTAL RESIDENTIAL: UNDER CONTRACT COMPARABLE SALES

1ST QTR 26 26

2ND QTR 14 32

3RD QTR 25 26

4TH QTR 13 21

TOTALS: (78) (105)

 

TOTAL RESIDENTIAL / NEW CONSTRUCTION: UNDER CONTRACT COMPARABLE SALES

1ST QTR 3 2

2ND QTR 1 4

3RD QTR 3 2

4TH QTR 0 2

TOTALS: (7) (10)

 

2011 AVALON, NJ TOTAL RESIDENTIAL GROSS DOLLARS SOLD = ($ 150,149,951.)

1ST QTR $ 42,787,487.

2ND QTR $ 48,449,184.

3RD QTR $ 43,721,380.

4TH QTR $ 15,191,900..$ 150,149,951.

 

2011 LOTS/LAND: UNDER CONTRACT COMPARABLE SALES

1ST QTR 0 2

2ND QTR 1 1

3RD QTR 2 2

4TH QTR 0 1

TOTALS: (3) (6)

 

2011 COMMERCIAL: UNDER CONTRACT COMPARABLE SALES

1ST QTR 0 0

2ND QTR 1 1

3RD QTR 1 1

4TH QTR 1 1

TOTALS: (3) (3)

 

2011 MULTI-FAMILY: UNDER CONTRACT COMPARABLE SALES

1ST QTR 1 1

2ND QTR 1 0

3RD QTR 0 1

4TH QTR 1 1

TOTALS: (3) (3)

 

 

 

 

2011 CONDO/TOWNHOUSE: UNDER CONTRACT COMPARABLE SALES

1ST QTR 18 5

2ND QTR 15 26

3RD QTR 12 13

4TH QTR 16 20

TOTALS: (61) (64)

 

CONDO/TOWNHOUSE:

Average Original Price Average Reduced Price Average SOLD Price Days on MKT

1ST QTR $ 759,400. $ 759,400. $ 721,500. 74

2ND QTR 865,773. 796,899. 757,297. 358

3RD QTR 939,050. 901,272. 830,833. 168

4TH QTR 737,471. 684,767. 637,919. 336

 

2011

AVERAGE: $ 825,423. $ 785,584. $ 736,887. 234

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

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

 

2011 CONDO/TOWNHOUSE TOTAL NEW CONSTRUCTION UNITS:

UNDER CONTRACT COMPARABLE SALES

1ST QTR 4 1

2ND QTR 4 7

3RD QTR 3 2

4TH QTR 1 3

TOTALS: (12) (13)

 

2011 CONDO/TOWNHOUSE - AVALON, NJ TOTAL GROSS DOLLARS SOLD = ($45,974,490.)

1ST QTR $ 3,607,500.

2ND QTR 19,526,490.

3RD QTR 9,950,000.

4TH QTR 12,890,500.$ 45,974,490.

 

2011 AVALON,NJ TOTAL COMPARISON SALES (ALL CLASSES/UNITS) = (181)

RESIDENTIAL 105

LOTS/LAND 6

COMMERCIAL 3

MULTI-FAMILY 3

CONDO/TOWNHOUSE 64.(181)

 

NOTE: ALL SALE STATISTICS ARE BASED UPON INFORMATION SUBMITTED TO OUR CAPE MAY COUNTY BOARD OF REALTORS SERVICE. DATE THIS REPORT PREPARED = 1/10/2012.

 

AVALON, NJ: PAST SALE MARKET COMPARISONS:

RESIDENTIAL: 2006 2007 2008 2009 2010 2011

TOTAL SALES: 106 93 101 85 88 107

NEW

CONSTRUCTION: 22 18 13 14 9 10

 

AVERAGE

List Price: $2,548,689. $2,346,074. $2,216,650. $1,664,735. $1,837,699. $1,695,249.

AVERAGE

SOLD Price: $2,383,793. $2,034,541. $1,837,592. $1,384,278. $1,488,340. $1,367,241.

 

% SOLD Price

To LIST Price: 7% 13% 17% 17% 19% 19%

TOTAL SALES

VOLUME:

(2006) (2007) (2008) (2009) (2010) (2011)

$251,081,600. $194,144,966. $198,846,715. $136,922,800. $129,899,031. $150,149,951.

 

Average Days on MKT: 212 219 354 261 302 305

 

CONDO/

TOWNHOUSE: 2006 2007 2008 2009 2010 2011

TOTAL SALES: 41 58 55 69 64 68

NEW

CONSTRUCTION: 8 10 2 21 3 13

 

AVERAGE

List Price: $919,445. $939,442. $985,831. $737,323. $755,803. $825,423.

AVERAGE

Sold Price: $883,707. $844,932. $820,250. $606,171. $629,101. $736,887.

 

% SOLD Price

To LIST Price: 4% 10% 17% 18% 17% 11%

TOTAL SALES

VOLUME: $35,348,299. $53,132,012. $46,040,681. $42,210,453. $39,001,100. $45,974,490.

 

Average Days

on MKT: 200 242 261 303 325 234

 

AVALON, NJ: TOTAL SALES: 2006 2007 2008 2009 2010 2011

(ALL CLASSES/UNITS) 152 170 168 162 161 188

RESIDENTIAL, LOTS/LAND, COMMERECIAL, MULTI-FAMILY & CONDO-TOWNHOUSE. (1/10/12)

 

AVALON, NJ SALE INVENTORY - 2009 TO 2011:

 

-          THE SALE INVENTORY IS COMPRISED OF: ALL CLASSES: RESIDENTIAL, LOTS/LAND, COMMERCIAL, MULTI-FAMILY AND CONDO/TOWNHOUSE.

 

 

1ST QTR 2011 2ND QTR 2011 3RD QTR 2011 4TH QTR 2011

 

JANUARY = 328 APRIL = 360 JULY = 350 OCTOBER = 339

FEBRUARY = 353 MAY = 362 AUGUST = 355 NOVEMBER = 318

MARCH = 362 JUNE = 357 SEPTEMBER = 341 DECEMBER = 299

 

1ST QTR 2ND QTR 3RD QTR 4TH QTR

AVERAGE = (348) AVERAGE = (360) AVERAGE = (349) AVERAGE = (319)

 

2011 - TOTAL YEAR - QUARTERLY AVERAGE AVALON SALE INVENTORY = (344)

 

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1ST QTR 2010 2ND QTR 2010 3RD QTR 2010 4TH QTR 2010

 

JANUARY = 391 APRIL = 428 JULY = 408 OCTOBER = 383

FEBRUARY = 419 MAY = 415 AUGUST = 408 NOVEMBER = 312

MARCH = 410 JUNE = 405 SEPTEMBER = 390 DECEMBER = 312

 

1ST QTR 2ND QTR 3RD QTR 4TH QTR

AVERAGE = (407) AVERAGE = (416) AVERAGE = (402) AVERAGE = (336)

 

2010 TOTAL YEAR QUARTERLY AVERAGE AVALON SALE INVENTORY = (390)

 

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1ST QTR 2009 2ND QTR 2009 3RD QTR 2009 4TH QTR 2009

 

JANUARY = 400 APRIL = 442 JULY = 425 OCTOBER = 386

FEBRUARY = 420 MAY = 436 AUGUST = 410 NOVEMBER = 386

MARCH = 422 JUNE = 430 SEPTEMBER = 409 DECEMBER = 358

 

1ST QTR 2ND QTR 3RD QTR 4TH QTR

AVERAGE = (414) AVERAGE = (436) AVERAGE = (415) AVERAGE = 377

 

2009 TOTAL YEAR QUARTERLY AVERAGE AVALON SALE INVENTORY = (410)