2010 – AUGUST – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (8)

                                                              ORIGINAL            REDUCED            DAYS ON

ADDRESS                                           LIST PRICE          LIST PRICE          MARKET

275 19th (3)Bed.,(1.5)Bth.                     $689,000.                    SAME                         13

739 Dune (5)Bed.,(5.5)Bth.                  1,895,000.                1,775,000.                       65

590 24th (5)Bed.,(2.5)Bth.                     1,075,000.                   999,000.                     113

4510 Fifth (4)Bed.,(3)Bth.                     2,399,000.                   SAME                       193

* 258 70th (6)Bed.,(6)Bth.                     2,495,000.                2,395,000.                     224

* 16 E. 13th (5)Bed.,(5.5)Bth.                2,950,000.                2,750,000.                     219

143 25th (4)Bed.,(2)Bth.                        1,100,000.                   990,000.                     364

* 547 42nd (5)Bed.,(5-2)Bth.                  4,495,000.                4,695,000.                    380

(3)NEW CONSTRUCTION

 

 

RESIDENTIAL – COMPARABLE SALES – 8/1/2010 TO 8/31/2010 = (4)

                                                  ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                LIST PRICE    PRICE          PRICE        DATE        onMkt

63 W. 23rd (4)Bed.,(2)Bth.        $1,650,000.         SAME        $1,300,000.    8/12/10          89

43 W. 25th (4)Bed.,(2)Bth.          1,395,000.         SAME           1,200,000.    8/9/10           142

488 22nd (3)Bed.,(1)Bth.              1,495,000.      1,395,000.        1,175,000.   8/2/10            293

99 E. 27th (5)Bed.,(5-2)Bth.         6,499,000.      3,900,000.        3,300,000.   8/30/10          940

                                                    (11,039,000.)   (8,340,000.)     (6,975,000.)                    (1,464)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $2,759,750.     List Price = $2,085,000.     Price = $1,743,750.   Market = 366

-         -         Difference between ORIGINAL List Price and SOLD Price = (37%)

-         -         Difference between ORIGINAL List Price and REDUCED Price = (25%)

 

LOTS/LAND – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                     LIST PRICE           LIST PRICE         MARKET

538 42nd Street - 59’x 155’              $2,695,000.             $2,295,000.                160

LOTS/LAND – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (7)

                                                             ORIGINAL            REDUCED            DAYS ON

ADDRESS                                           LIST PRICE          LIST PRICE         MARKET

602 Sunrise (5)Bed.,(3)Bth. #602        $735,000.                     SAME                        9

2322 Dune (3)Bed.,(3)Bth. #2322         649,000.                     SAME                        30

66 E. 20th (2)Bed.,(2)Bth. #205             945,000.                      SAME                       48

7901 Ocean (3)Bed.,(2)Bth. #C-5         500,000.                      SAME                       79

440 20th (3)Bed.,(2)Bth. 1st Fl               475,000.                      438,000.                    137

501 24th (4)Bed.,(4)Bth. East               1,699,000.                  1,525,000.                    208

7901 Ocean (3)Bed.,(2)Bth. #C-1          529,900.                     499,000.                     563

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (6)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE     PRICE          PRICE        DATE     onMkt

286 16th (3)Bed.,(2)Bth. #4              $399,000.             SAME          $399,000.     8/14/10      44

3027 Dune (3)Bed.,(3)Bth. #3027     610,000.              SAME           585,000.     8/21/10       67

3023 Dune (3)Bed.,(3)Bth. #3023     610,000.              SAME           585,000.     8/14/10       96

2615 Ocean (4)Bed.,(3)Bth. #2615    729,000.             699,900.         690,000.     8/21/10       149

268 12th (3)Bed.,(2.5)Bth. #268         529,000.             499,000.         420,000.     8/17/10        249

6732 Ocean (3)Bed.,(2)Bth. #6732    740,000.             675,000.         655,000.     8/6/10          430

                                                        (3,617,000.)         (3,492,900.)    (3,334,000.)                (1,035)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $602,833.        List Price = $582,150.         Price = $555,667.     Market = 172

 

TOTAL AVALON SALE INVENTORY (AS OF 9-11-2010) = 408:

RESIDENTIAL                                                           240

LOTS/LAND                                                                 25

COMMERCIAL                                                           17

MULTI-FAMILY                                                         11

CONDO/TOWNHOUSE                                             115