2010 – OCTOBER – AVALON,NJ:
RESIDENTIAL – UNDER
CONTRACT: 10/1/2010 TO 10/31/2010 = (4)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
148 15th St. (3)Bed.,(2)Bth. $869,000. $848,333. 71
1189 Avalon (5)Bed.,(3)Bth. 1,450,000. SAME 4
204 63rd (4)Bed.,(2)Bth. 1,650,000. SAME 534
*166 9th (6)Bed., (5.5)Bth. 1,699,000. 1,679,000. 77
(1)NEW CONSTRUCTION
RESIDENTIAL –
COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (6)
ORIGINAL REDUCED SOLD CLOSING
DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
143 25th (4)Bed.,(2)Bth. $1,100,000. $990,000. $935,000.
10/31/10 445
4615 Fifth (5)Bed.,(3.5)Bth. 2,300,000.
1,979,000. 1,625,000. 10/29/10 228
10 E. 10th
(5)Bed.,(3)Bth. 1,999,000. 1,899,000. 1,700,000.
10/15/10 143
23 E. 27th (5)Bede.,(4)Bth. 3,649,000. 1,999,950.
1,770,000. 10/22/10 1,541
157 72nd (5)Bed.,(4.5)Bth. 3,500,000. SAME
2,275,000. 10/29/10 339
*547 42nd (5)Bed.,(5/2)Bth. 4,495,000. 4,695,000.
4,200,000. 10/30/10 471
(1)NEW CONSTRUCTION
(17,043,000.)
(15,062,950.) (12,505,000.) (3,167)
Average Original Average Reduced Average Sold Average Days List Price =
$2,840,500. List Price =
$2,510,492. Price =
$2,084,417. On Mkt = 528
-
-
Difference
between ORIGINAL List Price and SOLD Price = (27%)
-
-
Difference
between ORIGINAL List Price and REDUCED Price = (12%)
LOTS/LAND – UNDER
CONTRACT: 10/1/2010 TO 10/31/2010 = (0)
LOTS/LAND –
COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)
COMMERCIAL – UNDER
CONTRACT: 10/1/2010 TO 10/31/2010 = (0)
COMMERCIAL –
COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 10/1/2010 TO 10/31/2010 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE
onMkt
6594 Ocean(3/3)Bth. (2/1.5)Bth. $995,000.
$875,000. $710,000. 10/27/10 196
Average Original Average Reduced Average Sold Average Days List Price =
$995,000. List Price = $875,000. Price = $710,000. onMkt = 196
-
-
Difference
between ORIGINAL List Price and SOLD Price = (29%)
-
-
Difference
between ORIGINAL List Price and REDUCED Price = (12%)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (5)
ORIGINAL
REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
601 Dune (1)Bed.,(1)Bth. #2 $500,000. $475,000. 459
3249 Ocean (4)Bed.,(2.5)Bth. North 875,000. 599,000. 1,422
231 26th (4)Bed.,(2)Bth. West 629,900. SAME 6
420 24th (5)Bed.,(4)Bth. East 839,000. 785,000. 229
223 35th (5)Bed.,(3)Bth. West 799,000. SAME
1
CONDO/TOWNHOUSE –
COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (8)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE
DATE onMkt
440 20th (3)Bed.,(2)Bth.1stFl $475,000. $438,000. $425,000.
10/15/10 185
7901 Ocean (3)Bed.,(2)Bth. #C-5 500,000. SAME 470,000.
10/13/10 134
276 12th (3)Bed.,(2.5)Bth. 549,000. 539,000. 485,000. 10/15/10 165
2322 Dune (3)Bed.,(3)Bth. #2322 649,000.
SAME 630,000. 10/2/10 81
700 Ocean (3)Bed., (2)Bth. #F-1 895,000.
SAME 650,000. 10/15/10 45
66 E. 20th (2)Bed.,(2)Bth. #205 945,000. SAME
905,000. 10/22/10 111
501 24th (4)Bed.,(4)Bth. East 1,699,000. 1,525,000. 1,200,000.
10/29/10 282
598 W. 22nd (5)Bede.,(4)Bth. 1,295,000. SAME 1,350,000.
10/29/10 185
(7,007,000.) (6,786,000.)
(6,115,000.)
(1,188)
Average Original Average Reduced Average Sold Average Days on
List Price =
$875,875. List Price =
$848,250. Price =
$764,375. Market = 148
-
-
Difference
between ORIGINAL List Price and SOLD Price = (13%)
-
-
Difference
between ORIGINAL List Price and REDUCED Price = (3%)
TOTAL AVALON SALE
INVENTORY (AS OF 11/6/2010) = 383
RESIDENTIAL 217
LOTS/LAND 25
COMMERCIAL 17
MULTI-FAMILY 9
CONDO/TOWNHOUSE 115