1ST QUARTER AVALON, NJ 2009 STATISTICS:

 

RESIDENTIAL:                    UNDER CONTRACT                      COMPARABLE SALES

JANUARY                                             2                                                             1

FEBRUARY                                          4                                                             0

MARCH                                                5                                                              3

(11)                                                                                                                    (4)

                     ORIGINAL List Price    REDUCED List Price     SOLD Price    Days on Mkt

JANUARY      $ 950,000.                        $ 910,000.                       $ 855,000.              86

FEBRUARY        -0-                                   -0-                                     -0-                     -0-

MARCH          1,653,000.                         1,429,333.                       1,311,667.            430

 

1ST QTR                                                                                            

AVERAGE     ($867,667.)                       ($779,778.)                       ($722,222.)          (172)

-         Difference between ORIGINAL List Price and SOLD Price = (17%)

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

 

 

LOTS / LAND:                          UNDER CONTRACT                 COMPARABLE SALES:

JANUARY                                                    -0-                                                 -0-

FEBRUARY                                                 1                                                   -0-

MARCH                                                       1                                                    -0-

                                                                      (2)

 

COMMERCIAL:                      UNDER CONTRACT                  COMPARABLE SALES:

JANUARY                                                    1                                                    -0-

FEBRUARY                                                -0-                                                  -0-

MARCH                                                      -0-                                                   -0-

                                                                      (1)

 

MULTI-FAMILY:                    UNDER CONTRACT                  COMPARABLE SALES:

JANUARY                                                    -0-                                                  -0-

FEBRUARY                                                 -0-                                                  -0-

MARCH                                                       -0-                                                  -0-

 

CONDO/TOWNHOUSE:         UNDER CONTRACT                  COMPARABLE SALES:

JANUARY                                                     -0-                                                   2

FEBRUARY                                                   2                                                     6

MARCH                                                         3                                                      4

(5)                                                                                                        (12)

 

                         ORIGINAL List Price    REDUCED List Price    SOLD Price    Days on Mkt

JANUARY          $359,990.                         $359,990.                        $380,267.             194

FEBRUARY         665,828.                           554,162.                         507,156.              436

MARCH                824,497.                          651,747.                          591,181.              335

1ST QUARTER

AVERAGE          (616,772.)                        (521,966.)                       (492,868.)            (322)

-         Difference between ORIGINAL List Price and SOLD Price = (20%)

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AVALON COMPARISON: 1ST QTR 2008 VS. 2009:

 

2009 1ST QUARTER AVALON - RESIDENTIAL:

               Average ORIGINAL       Average REDUCED        Average SOLD    Average  Days

               List Price                           List Price                          Price                     on Market 

               $867, 667.                           $779,778.                          $722,222.               172

 

-         Difference between ORIGINAL List Price and SOLD Price = (17%)

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

 

TOTAL RESIDENTIAL UNITS SOLD = FOUR (4)

 

 

2008 1ST QUARTER AVALON RESIDENTIAL:

              Average ORIGINAL        Average REDUCED       Average SOLD      Average Days

              List Price                           List Price                          Price                       on Market

              $2,001,137.                         $1,769,702.                       $1549,630.                410

 

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

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

-          

TOTAL RESIDENTIAL UNITS SOLD = TWENTY-FIVE (25)

 

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2009 1ST QUARTER AVALON CONDO/TOWNHOUSE:

             Average ORIGINAL         Average REDUCED       Average SOLD      Average Days

              List Price                            List Price                         Price                       on Market

             $616,772.                              $521,966.                         $492,868.                  322

 

-         Difference between ORIGINAL List PRICE and SOLD Price = (20%)

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

 

TOTAL CONDO/TOWNHOUSE UNITS SOLD = TWELVE (12)

 

2008 1ST QUARTER AVALON CONDO/TOWNHOUSE:

             Average ORIGINAL       Average REDUCED      Average SOLD    Average Days

             List Price                          List Price                         Price                     on Market

             $821,733.                          $715,534.                          $645,967.                    242

 

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

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

 

TOTAL CONDO/TOWNHOUSE UNITS SOLD = SIX (6)