2009 JULY AVALON, NJ:

 

RESIDENTIAL UNDER CONTRACT: 7/1/2009 TO 7/31/2009 = (6)

                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                        LIST PRICE           LIST PRICE         MARKET

345 7th St..(5)Bed.,(2)Bth.                 $899,999.                     SAME                    230

258 70th (4)Bed.,(2)Bth.                   1,499,000.                  1,195,000.                  144

35 E. 12th(5)Bed.,(3.5)Bth.               1,800,000.                      SAME                    108

* 84 W. 29th(5)Bed.,(5)Bth.              1,995,000.                      SAME                    145

* 7290 Ocean(5)Bed.,(5/2)Bth.         6,395,000.                 5,995,000.                   472

* 146 Pelican(5)Bed.,(5/2)Bth.          5,995,000.                     SAME                     838

(3)NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 7/1/2009 TO 7/31/2009 = (10)

                                             ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                           LIST PRICE       PRICE        PRICE        DATE       onMkt

4251 Ocean(4)Bed.,(2)Bth.  $1,199,000.         $799,999.       $760,000.     7/24/09         996

3750 Ocean(4)Bed.,(2.5)Bth.    790,000.            SAME           775,000.     7/10/09         51

1889 First(5)Bed.,(3)Bth.        1,350,000.        1,250,000.        995,000.     7/14/09         155

6439 Dune(4)Bed.,(3)Bth.       2,299,000.        1,849,000.     1,550,000.     7/8/09           835

15 E. 24th(5)Bed.,(2)Bth.         1,725,000.        1,711,000.      1,668,000.    7/14/09          75

110 36th(4)Bed.,(3)Bth.           1,995,000.         1,849,000.     1,700,000.     7/10/09         343

255 67th(5)Bed.,(4.5)Bth.        2,495,000.         2,175,000.     1,815,000.     7/1/09           285

2763 Avalon(6)Bed.,(5)Bth.    2,595,000.        2,395,000.      2,100,000.     7/10/09         437

74 E. 11th(5)Bed.,(3)Bth.         2,495,000.            SAME        2,300,000.     7/11/09         50

1852 Ocean(4)Bed.,(3.5)Bth.   2,495,000.        2,395,000.      2,300,000.    7/31/09          208

                                               (19,438,000.)    (17,708,999.)  (15,963,000.)                    (3,435)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,943,800.     List Price = $1,770,900.     Price = $1,596,300.   Market = 343

-         Difference between ORIGINAL List Price and SOLD Price = (18%)

-         Difference between ORIGINAL List Price and REDUCED Price = (9%)

 

LOTS/LAND UNDER CONTRACT: 7/1/2009 TO 7/31/2009 = (0)

LOTS/LAND COMPARABLE SALES: 7/1/2009 TO 7/31/2009 = (0)

 

COMMERCIAL UNDER CONTRACT: 7/1/2009 TO 7/31/2009 = (0)

COMMERCIAL COMPARABLE SALES: 7/1/2009 TO 7/31/2009 = (1)

                                              ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                           LIST PRICE      PRICE         PRICE        DATE       onMkt

3101 Dune#105                     $225,000.           $175,000.      $165,000.    7/10/09        1,142

 

MULTI-FAMILY UNDER CONTRACT: 7/1/2009 TO 7/31/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 7/1/2009 TO 7/31/2009 = (0)

 

 

CONDO/TOWNHOUSE UNDER CONTRACT: 7/1/2009 TO 7/31/2009 = (6)

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE         MARKET

* 2019 Dune(3)Bed.,(3)Bth. #5                       $724,900.                 $550,000.                  378

258 28th(4)Bed.,(2.5)Bth. East                           599,000.                    SAME                    22

4017 Fourth(4)Bed.,(2)Bth.  #B                         650,000.                   600,000.                  179

* 2025 Dune(3)Bed.,(3)Bth. #7                          845,000.                   650,000.                  383

* 2330 Dune(3)Bed.,(3)Bth. #2314                    899,000.                   779,000.                  120

230 29th(4)Bed.,(2.5)Bth. East                            875,000.                   799,000.                  459

(3) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 7/1/2009 TO 7/31/2009 = (7)

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                      LIST PRICE      PRICE         PRICE       DATE       onMkt

7800 Dune(1)Bed.,(1)Bth. #123      $225,000.             SAME         $220,000.    7/10/09        25

2007 Seventh(3)Bed.,(2)Bth. 2ndFl   584,900.             SAME          478,000.     7/3/09         174

* 2023 Dune(3)Bed.,(3)Bth. #6         799,000.            525,000.         525,000.     7/26/09       398

756 Sunrise(4)Bed.,(3.5)Bth.             995,000.            799,500.         649,000.     7/7/09        1,210

281 35th(4)Bed.,(2.5)Bth. West         759,900.             724,900.         655,000.     7/24/09       253

506 20th(4)Bed.,(4)Bth. #506            792,000.               SAME          740,000.     7/17/09        83

700 Ocean(3)Bed.,(2.5)Bth. #G4   1,095,000.              899,000.         885,000.    7/16/09        316

(1)NEW CONSTRUCTION

                                                       (5,250,800.)          (4,550,300.)   (4,152,000.)                (2,459)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $750,114.        List Price = $650,043.        Price = $593,143.        Market = 351

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

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

 

TOATL AVALON SALE INVENTORY (AS OF 8/15/09) = 425

RESIDENTIAL                                           226

LOTS / LAND                                              31

COMMERCIAL                                          22

MULTI-FAMILY                                        10

CONDO/TOWNHOUSE                            136

 

2009 AUGUST AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (12)

                                                          ORIGINAL            REDUCED            DAYS ON

ADDRESS                                        LIST PRICE          LIST PRICE         MARKET

234 14th St(3)Bed.,(2)Bth.                 $ 749,000.                SAME                    8

190 12th St(3)Bed.,(2)Bth.                    949,000.                $ 895,000.              178

2959 First (3)Bed.,(1.5)Bth.                 899,000.                 SAME                   139

254 6th St.(3)Bed.,(1.5)Bth.                1,095,000.                SAME                   7

262 77th St(3)Bed.,(2.5)Bth.               1,399,999.                1,150,000.             408

744 21st St (6)Bed.,(4)Bth.                  1,250,000.                SAME                   22

35 W. 22nd St(4)Bed., (3)Bth.              1,600,000.               1,445,000.             321

* 159 20th St(5)Bed.,(5)Bth.                1,595,000.                SAME                   12

242 6th St(5)Bed.,(4)Bth.                     1,795,000.                SAME                    7

58 E. 15th St(4)Bed.,(3)Bth.                 2,195,000.               1,795,000.               159

4108 Fourth Ave(5)Bed.,(4)Bth.         1,950,000.                SAME                     5

56 E. 18th St (5)Bed.,(3/2)Bth.             2,695,000.                SAME                    10

(1) NEW CONSTRUCTION

 

RESIDENTIAL COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (8)

                                                ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                             LIST PRICE    PRICE            PRICE        DATE      onMkt

252 16th (3)Bed.,(1)Bth.          $ 825,000.         SAME             $ 790,000.    8/1/09         266

35 E. 12th(5)Bed.,(3.5)Bth.      1,800,000.         SAME             1,500,000.    8/21/09       142

313 42nd(5)Bed.,(4.5)Bth.        1,995,000.        1,795,000.        1,700,000.    8/7/09         101

55 W. 10th(4)Bed.,(3.5)Bth.     2,495,000.        1,895,000.        1,825,000.    8/3/09         526

* 84 W. 29th(5)Bed.,(5)Bth.     1,995,000.         SAME             1,962,500.    8/19/09       186

4721 Fifth(4)Bed.,(4)Bth.        2,495,000.         2,295,000.       2,050,000.    8/14/09        247

* 7290 Ocean(5)Bed.,(5.2)Bth.  6,395,000.       5,995,000.       5,000,000.    8/18/09        494

* 146 Pelican(5)Bed.,(5/2)Bth.  5,995,000.        SAME            5,100,000.    8/31/09        871

(3) NEW CONSTRUCTION

                                                 (23,995,000.)   (22,595,000.)   (19,927,500.)                 (2,833)

Average Original               Average Reduced               Average Sold               Average Days List Price = $2,999,375.     List Price = $2,824,375.     Price = $2,490,937.     on Mkt = 354

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

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

 

LOTS/LAND UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (1)

                                                       ORIGINAL               REDUCED               DAYS ON

ADDRESS                                     LIST PRICE             LIST PRICE            MARKET

261 42nd (50x 110) Lot                 $ 850,000.                  $ 699,000.                      230

 

LOTS/LAND COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

 

 

COMMERCIAL UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

COMMERCIAL COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

 

MULTI-FAMILY UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 8/1/2009 TO 8/31/2009 = (5)

                                                                         ORIGINAL          REDUCED         DAYS ON

ADDRESS                                                       LIST PRICE        LIST PRICE      MARKET

1668 Ocean (3)Bed.,(2)Bth. #B-6                     $ 695,000.              $ 645,000.             82

1688 Ocean(3)Bed.,(2)Bth. #A-5                         695,000.              SAME                   46

281 35th(4)Bed.,(2.5)Bth. East                              725,000.              SAME                  174

3042 Ocean(4)Bed.,(3)Bth. South                        739,900.              SAME                    8

247 28th (5)Bed.,(3)Bth. West                              829,000.              779,000.                389

 

CONDO/TOWNHOUSE COMPARABLE SALES: 8/1/2009 TO 8/31/2009 = (6)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE     PRICE          PRICE        DATE    onMkt

* 2019 Dune(3)Bed.,(3)Bth. #5       $ 724,900.          $ 550,000.       $ 535,000.   8/14/09      417

4017 Fourth(4)Bed.,(2)Bth. B            650,000.             600,000.          585,000.   8/15/09       220

* 2015 Dune(3)Bed.,(3.5)Bth. #4       845,000.             600,000.          585,000.   8/28/09       431

230 29th(4)Bed.,(2.5)Bth. East            875,000.             799,000.          765,000.   8/21/09       493

223 34th(5)Bed.,(4)Bth. West              799,000.             SAME             785,000.   8/24/09        66

* 2011 Dune(4)Bed.,(4.5)Bth. #3        995,000.             850,000.          825,000.   8/3/09         406

(3) NEW CONSTRUCTION

                                                          (4,888,900.)       (4,198,000.)     (4,080,000.)               (2,033)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $814,817.        List Price = $699,667.        Price = $680,000.        Market = 339

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

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

 

 

TOAL AVALON SALE INVENTORY (AS OF 9/15/09) = 410

RESIDENTIAL                                         220

LOTS / LAND                                            30

COMMERCIAL                                        22

MULTI-FAMILY                                      11

CONDO/TOWNHOUSE                           127

 

2009 SEPTEMBER AVALON,NJ:

 

RESIDENTIAL UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (10)

                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                            LIST PRICE             LIST PRICE            MARKET

264 14th (3)Bed.,(2)Bth.                        $769,000.                    SAME                       3

294 6th (4)Bed.,(3.5)Bth.                       1,399,000.                   995,000.                    49

103 34th (4)Bed.,(3)Bth.                        1,495,000.                    SAME                      142

3764 Dune (5)Bed.,(4.5)Bth.                 1,975,000.                  1,495,000.                  388

151 20th (5)Bed.,(5)Bth.                         1,795,000.                  1,499,000.                 360

* 1998 Ocean (5)Bed.,(4.5)Bth.             2,595,000.                  2,090,000.                 565

4350 Fourth (4)Bed.,(2.5)Bth.                2,299,000.                  SAME                      155

* 257 70th (6)Bed.,(6)Bth.                      2,395,000.                   SAME                      52

315 74th (7)Bed.,(2.5)Bth.                      3,800,000.                   SAME                      77

316 60th (4)Bed.,(3/2)Bth.                      4,295,000.                   SAME                      38

(2) NEW CONSTRUCTION

 

 

RESIDENTIAL COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (10)

                                                    ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                 LIST PRICE      PRICE          PRICE      DATE          onMkt

345 7th (5)Bed.,(2)Bth.              $899,999.             SAME           $807,000.    9/3/09          265

2959 First (3)Bed.,(1.5)Bth.        899,000.             SAME            810,000.     9/17/09        170

190 12th (3)Bed.,(2)Bth.              949,000.             895,000.         865,000.     9/29/09         217

258 70th (4)Bed.,(2)Bth.           1,499,000.           1,195,000.      1,100,000.    9/11/09         192

35 W 10th (5)Bed.,(5.5)Bth.      1,795,000.           1,725,000.     1,625,000.    9/25/09          203

4108 Fourth (5)Bed.,(4)Bth.     1,950,000.            SAME          1,700,000.    9/30/09          60

4488 Ocean (4)Bed.,(2)Bth.      2,000,000.           1,750,000.     1,700,000.    9/25/09          258

5649 Ocean (4)Bed.,(3)Bth.      2,200,000.           1,995,000.     1,750,000.    9/9/09            249

78 W 12th (5)Bed., (5)Bth.        2,995,000.            2,195,000.     1,975,000.   9/29/09         1,177

174 76th (4)Bed.,(3)Bth.            2,395,000.            SAME           2,000,000.   9/30/09           69

                                              (17,581,999.)      (15,898,999.)    (14,332,000.)                    (2,860)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $1,758,200.     List Price = $1,589,900.     Price = $1,433,200.    Market = 286

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

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

 

LOTS/LAND UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)

LOTS/LAND COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (1)

                                              ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                           LIST PRICE     PRICE          PRICE       DATE         onMkt

262 41st 50x 110             $749,000.            $699,000.     $675,000.     9/25/09         147

 

COMMERCIAL UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)

COMMERCIAL COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (0)

 

 

MULTI-FAMILY UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)

MULTI-FAMILY COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (0)

 

CONDO/TOWNHOUSE UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (4)

                                                                      ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                    LIST PRICE        LIST PRICE       MARKET

700 First Ave(2)Bed.,(2)Bth. #203                $599,000.                SAME                    151

* 2176 Dune (3)Bed.,(3.5)Bth. #2176             799,000.              $650,000.                  245

* 2168 Dune (3)Bed.,(3)Bth. #2168                899,000.                699,000.                   242

* 2007 Dune (4)Bed.,(4.5)Bth. #2                   995,000.                825,000.                  434

(3) NEW CONSTRUCTION

 

CONDO/TOWNHOUSE COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (8)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE     PRICE         PRICE       DATE       onMkt

258 28th (4)Bed.,(2.5)Bth. East       $599,000.           SAME          $585,000.    9/18/09         81

* 2025 Dune (3)Bed.,(3)Bth. #7       845,000.            650,000.         635,000.    9/23/09         457

2609 Ocean (4)Bed.,(3)Bth. No       789,000.            719,000.         650,000.    9/30/09          266

281 35th (4)Bed.,(2.5)Bth. East        725,000.             SAME           655,000.   9/18/09          203

* 2314 Dune(3)Bed.,(3)Bth. #2314  849,000.            779,000.         735,000.   9/25/09          179

* 2330 Dune(3)Bed.,(3)Bth. #2330  899,000.            779,000.          750,000.   9/19/09         173

* 2003 Dune(4)Bed.,(4.5)Bth. #1     995,000.            800,000.          800,000.   9/8/09           442

66 E. 20th(2)Bed.,(2)Bth. #304       1,295,000.           999,000.           937,500.   9/2/09          393

(4) NEW CONSTRUCTION

                                                      (6,996,000.)       (6,050,000.)      (5,747,500.)                (2,194)

Average Original               Average Reduced               Average Sold              Average Days on

List Price = $874,500.        List Price = $756,250.        Price = $718,437.       Market = 274

-         Difference between ORIGINAL List Price and SOLD Price = (18%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 10-2-09) = 409

RESIDENTIAL = 220

LOTS/LAND = 29

COMMERCIAL = 22

MULTI-FAMILY = 10

CONDO/TOWNHOUSE = 128