2ND QUARTER
– AVALON, NJ – 2009 STATISTICS:
RESIDENTIAL:
UNDER
CONTRACT
COMPARABLE SALES
APRIL
1
5
MAY
8
10
JUNE
5
4
(14)
(19)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
APRIL $
1,699,000.
$1,529,800. $1,359,000.
521
MAY
1,931,630.
1,839,900.
1,722,750. 110
JUNE
1,198,750.
1,123,750.
1,030,000. 200
2ND QTR
AVERAGE
($1,609,793.)
($1,497,817.)
($1,370,583.) (277)
- Difference
between ORIGINAL List Price and SOLD Price = (15%)
- Difference
between ORIGINAL List Price and REDUCED Price = (7%)
LOTS/LAND:
UNDER
CONTRACT
COMPARABLE SALES
APRIL
1
1
MAY
0
0
JUNE
0
0
(1)
(1)
COMMERCIAL:
APRIL
0
0
MAY
0
1
JUNE
0
0
(1)
MULTI-FAMILY:
APRIL
0
0
MAY
0
0
JUNE
0
0
CONDO/TOWNHOUSE:
APRIL
3
5
MAY
2
7
JUNE
7
5
(12)
(17)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
APRIL
$674,774.
$647,774.
$608,157.
255
MAY
633,257.
529,414.
491,853.
406
JUNE
686,200.
619,200.
580,500.
191
2ND QTR
AVERAGE
($664,744.)
($598,796.)
($560,170.) (284)
- Difference
between ORIGINAL List Price and SOLD Price = (16%)
- Difference
between ORIGINAL List Price and REDUCED Price = (10%)
AVALON – COMPARISON: 1ST
QTR 2009 VS. 2ND QTR 2009:
1ST QTR – TOTAL RESIDENTIAL UNITS UNDER
CONTRACT = (11)
1ST QTR – TOTAL RESIDENTIAL UNITS SOLD = (4)
1ST QTR
AVERAGE ORIGINAL List Price
REDUCED Price SOLD Price Days on Mkt
$867,667.
$779,778.
$722,222.
172
2ND QTR – TOTAL RESIDENTIAL UNITS UNDER
CONTRACT = (14)
2ND QTR – TOTAL RESIDENTIAL UNITS SOLD = (19)
2ND QTR
AVERAGE ORIGINAL List
Price REDUCED List Price SOLD
Price Days on Mkt
$1,609,793.
$1,497,817.
$1,370,583. 277
1ST QTR – TOTAL CONDO/TOWNHOUSE UNITS UNDER
CONTRACT = (5)
1ST QTR – TOTAL CONDO/TOWNHOUSE UNITS SOLD =
(12)
1ST QTR
AVERAGE ORIGINAL List Price
REDUCED List Price SOLD Price Days on Mkt
$616,772.
$521,966.
$492,868.
322
2ND QTR – TOTAL CONDO/TOWNHOUSE UNITS UNDER
CONTRACT = (7)
2ND QTR – TOTAL CONDO/TOWNHOUSE UNITS SOLD =
(17)
2ND QTR
AVERAGE ORIGINAL List Price
REDUCED List Price SOLD Price Days on Mkt
$664,744.
$598,796.
$560,170.
284