2009 – JANUARY – AVALON, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (2)

                                                          ORIGINAL     REDUCED     DAYS ON

ADDRESS                                       LIST PRICE         PRICE        MARKET

178 26th (5)Bed.,(5)Bth.                    $1,795,000.       $1,500,000.        349

245 67th (4)Bed.,(3)Bth.                      1,550,000.            SAME            65

 

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

                                              ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                            LIST PRICE    PRICE          PRICE        DATE         MARKET

215 53RD (3)Bed.,(1.5)Bth.    $950,000.         $910,000.       $855,000.     1/9/09           86

 

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

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

 

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

                                                            ORIGINAL     REDUCED     DAYS ON

ADDRESS                                         LIST PRICE       PRICE         MARKET

2931 Ocean Dr. “Avalon Seafood”    $3,100,000.          SAME                 171

                            & Avalon Produce – 90’x 110’ Lot

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

 

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

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

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2009 TO 1/31/2009 = (2)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                      LIST PRICE     PRICE          PRICE        DATE      onMkt

7929 Dune (1)Bed.,(1)Bth. #117     $339,990.            SAME         $371,000.     1/23/09         197

7929 Dune (2)Bed.,(1)Bth. #206       379,990.            SAME          389,535.      1/9/09           192

 

TOTAL AVALON SALE INVENTORY (AS OF 2/2/2009) = 400

RESIDENTIAL                                            199

LOTS/LAND                                                 27

COMMERCIAL                                           17

MULTI-FAMILY                                          7

CONDO/TOWNHOUSE                              150

 

 

 

 

2009 – FEBRUARY – AVALON, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (4)

                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                         LIST PRICE         LIST PRICE          MARKET

246 44TH St.(4)Bed.,(3)Bth.               $1,250,000.                 SAME                     38

* 118 22nd St.(5)Bed.,(5)Bth.               1,795,000.             1,695,000.                   118

74 W. 11th St.(5)Bed.,(5)Bth.               1,750,000.                 SAME                     17

* 3701 Dune Dr.(6)Bed.,(6)Bth.          3,185,000.              2,795,000.                  966

(2) NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

LOTS/LAND – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (1)

                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                     LIST PRICE           LIST PRICE         MARKET

261 42ND St. 50’x 110’                   $850,000.                    SAME                     43

 

LOTS/LAND – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (2)

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE         MARKET

451 21st St.,2nd Fl.                                             $610,000.                $499,000.                     325

502 20th St., East                                               1,299,000.                719,000.                      528

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (6)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE      PRICE         PRICE       DATE      onMkt

7929 Dune(1)Bed.,(1)Bth. #309       $349,990.           $374,990.      $340,000.    2/27/09         244

7929 Dune(1)Bed.,(1)Bth. #307         359,990.             349,990.        353,140.    2/13/09         230

7929 Dune(1)Bed.,(1)Bth. #312         364,990.             369,990.        377,296.    2/27/09         237

300 79th St(3)Bed.,(2)Bth. #B-4         630,000.              SAME          550,000.    2/18/09          86

* 321 40th St.(5)Bed.,(4)Bth. East     1,095,000.           775,000.        700,000.    2/27/09          818

* 323 40th St.(5)Bed.,(4)Bth. West    1,195,000.           825,000.        722,500.    2/27/09        1000

(2) NEW CONSTRUCTION

                                                       (3,994,970.)       (3,324,970.)    (3,042,936.)                   (2,615)

Average Original               Average Reduced               Average Sold               Average Days

List Price = $665,828.        List Price = $554,162.        Price = $507,156.        on Market = 436

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

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

TOTAL AVALON SALE INVENTORY (AS OF 3/6/2009) = 420

RESIDENTIAL                                               220

LOTS/LAND                                                    24

COMMERCIAL                                               18

MULTI-FAMILY                                             7

CONDO/TOWNHOUSE                                 151                                                    

 

2009 - MARCH – AVALON, NJ:

 

RESIDENTIAL – UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (5)

                                                           ORIGINAL          REDUCED          DAYS ON

ADDRESS                                        LIST PRICE         LIST PRICE        MARKET

268 23rd St(5)Bed.,(2)Bth.                 $895,000.               $739,000.                   922

314 76th St(4)Bed.,(2)Bth.                 1,175,000.              1,125,000.                   31

54 W. 26th St(4)Bed.,(3)Bth.             1,595,000.              1,395,000.                   133

* 53 W. 15th St(5)Bed.,(5)Bth.          1,995,000.              1,795,000.                   157

4618 Fifth Ave. (5)Bed.,(3)bth.         2,695,000.                SAME                       54

(1) NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (3)

                                                ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                             LIST PRICE      PRICE          PRICE      DATE         onMkt

383 21st St(4)Bed.(2.5)Bth.       $989,000.          $799,000.        $735,000.    3/31/09         541

178 26th St(5)Bed.,(5)Bth.     1,795,000.         1,500,000.       1,500,000.    3/7/09           385

6600 Ocean(4)Bed.,(3)Bth     2,175,000.         1,989,000.       1,700,000.   3/21/09         365

                                           (4,959,000.)           (4,288,000.)  (3,935,000.)                    (1,291)

Average Original                 Average Reduced                 Average Sold            Average Days

List Price = $ 1,653,000.      List Price = $ 1,429,333.      Price = $1,311,667.     on Mkt = 430

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

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

 

LOTS / LAND – UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (1)

                                                        ORIGINAL          REDUCED          DAYS ON

ADDRESS                                      LIST PRICE        LIST PRICE       MARKET

192 61ST St 60’x 110’                     $4,295,000.            $3,095,000.                948

 

LOTS / LAND – COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (0)

 

COMMERCIAL – UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (0)

MULTI-FAMILY – COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (0)

 

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (3)

                                                                         ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                      LIST PRICE         LIST PRICE        MARKET

460 20TH (3)Bed.,(1.5)Bth.1st Fl.                      $559,000.                $399,000.                   530

460 20th (3)Bed., (1.5)Bth. 2nd Fl                        599,000.                  469,000.                   526

363 40th (4)bed.,(2.5)Bth. West                           925,900.                  799,000.                   494

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (4)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                      LIST PRICE     PRICE          PRICE       DATE       onMkt

7929 Dune(1)Bed.,(1)Bth.#314        $419,990.         SAME          $417,725.    3/5/09         247

451 21st(3)Bed.,(1.5)Bth. 2ndFl         610,000.         499,000.         440,000.     3/25/09       372

502 20th (4)Bed.,(4)Bth. East           1,299,000.        719,000.         617,000.     3/21/09       570

2008 Ocean (4)Bed.,(2.5)Bth. No.      969,000.         SAME           890,000.     3/7/09         153

                                                        (3,297,990)       (2,606,990.)    (2,364,725.)             (1,342)

Average Original                 Average Reduced         Average Sold            Average Days on

List Price = $824,497.          List Price = $651,747.   Price = $591,181.     Market = 335

-         Difference between Original List Price and SOLD Price = (28%)

-         Difference between Original List Price and REDUCED Price = (21%)

 

TOTAL AVALON SALE INVENTORY (AS OF 4/2/2009) = 422

RESIDENTIAL                                         229

LOTS/LAND                                              28

COMMERCIAL                                        22

MULTI-FAMILY                                      6

CONDO/TOWNHOUSE                          137