2010- NOVEMBER – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (5)

                                                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                       LIST PRICE           LIST RICE              MARKET

189 11th St; (3)Bed.,(1)Bth.                                        $899,000.            $799,000.               130

141 16th (4)Bed.,(2)Bth.                                                899,000.              879,000.                122

73 W. 13th (4)Bed.,(2.5)Bth.                                      1,055,000.             899,000.                 202

26 W. 15th (3)Bed.,(2)Bth.                                             925,000.                SAME                   413

299 41st (4)Bed.,(4)Bth.                                              1,695,000.             950,000.                190

RESIDENTIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (8)

                                                                    ORIGINAL           REDUCED       SOLD        CLOSING      DAYS

ADDRESS                                                   LIST PRICE          PRICE               PRICE          DATE       onMkt

219 22nd (3)Bed.,(1)Bth.                         $ 939,000.          $ 614,900.      $ 550,000.  11/8/10   1,261

109 25th (4)Bed.,(3)Bth.                          1,150,000.              SAME             995,000.   11/4/10     118

573 21st (4)Bed.,(3)Bth.                          1,895,000.           1,099,000.     1,050,000.   11/12/10   623

250 60th (3)Bed.,(1.5)Bth.                      1,329,000.           1,195,000.     1,062,500.   11/10/10   554

204 63rd (4)Bed.,(2)Bth.                         1,650,000.                 SAME        1,200,000.   11/19/10   575

*265 17th (5)Bed.,(5)Bth.                       1,449,000.            1,399,000.    1,315,000.    11/19/10  315

7528 Sunset (3)Bed.,(1)Bth.                  2,695,000.            2,395,000.    1,960,000.    11/12/10  412

257 79th (5)Bed.,(5)Bth.                         2,550,000.            2,500,000.     2,300,000.   11/3/10     356

(1)NEW CONSTRUCTION

                                                              (13,657,000.)          (12,002,900.)   (10,432,500.)            (4,214)

Average Original                    Average Reduced                    Average Sold               Average Days on

List Price = $1,707,125.         List Price = $1,500,362.         Price = $1,304,062.      Market = 527

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

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

 

LOTS/LAND – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (8)

                                                                   ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                                  LIST PRICE        PRICE              PRICE            DATE         onMkt

601 Dune (1)Bed.,(1)Bth. #2                 $ 500,000.       $ 475,000.      $ 445,000.    11/12/10    505

404 21st (5)Bed.,(3)Bth. East                    599,000.            SAME             500,000.    11/30/10    105

277 27th (4)Bed.,(3)Bth. East                   738,500.           631,500.          554,000.    11/15/10    501

700 Ocean (3)Bed.,(2.5)Bth. #C-6           769,000.           649,900.          600,000.    11/2/10      475

6537 Ocean (4)Bed.,(2.5)Bth. North       896,000.          699,000.          685,000.    11/22/10   1,005

257 35th (5)Bed.,(3)Bth. West                  825,000.          725,000.          725,000.     11/19/10    250

223 35th (5)Bed.,(3)Bth. West                  799,000.              SAME           765,000.     11/13/10     41

420 24th (5)Bed.,(4)Bth. East                    839,000.          785,000.          785,000.     11/30/10     277

 

                                                                   (5,965,500.)       (5,363,400.)    (5,059,000.)               (3,159)

Average Original                    Average Reduced               Average Sold                  Average Days on

List Price = $745,687.            List Price = $670,425.         Price = $632,375.           Market = 395

 

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 1/3/2011) = 312

RESIDENTIAL                                          173

LOTS/LAND                                              23

COMMERCIAL                                            9

MULTI-FAMILY                                           8

CONDO/TOWNHOUSE                           99