2010 – SEPTEMBER –
AVALON,NJ:
RESIDENTIAL – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (8)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE
MARKET
226 54th
(3)Bed.,(1.5)Bth. $
997,500. SAME 200
*265 17th
(5)Bed.,(5)Bth.
1,499,000.
1,399,000.
254
10 E. 10th
(5)Bed.,(3)Bth.
1,999,000.
1,899,000. 92
4615 Fifth
(5)Bed.,(3.5)Bth.
2,300,000.
1,979,000.
198
23 E. 27th
(5)Bed.,(4)Bth.
3,649,000. 1,999,950. 1,493
7528 Sunset Dr.
(3)Bed.,(1)Bth. 2,695,000. 2,395,000. 356
*257 70th
(6)Bed.,(6)Bth.
2,550,000.
2,500,000. 312
157 72nd
(5)Bed.,(4.5)Bth.
3,500,000.
SAME 289
(1)NEW CONSTRUCTION
RESIDENTIAL – COMPARABLE SALES: 9/1/2010 TO 9/30/20/10 =
(18)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
275 19th(3)Bed.,(1.5)Bth. $689,000. SAME
$665,000. 9/15/10 55
179 30th
(3)Bed.(1)Bth.
884,000. 839,000. 750,000. 9/3/10 759
223 13th
(5)Bed.,(3)Bth.
899,000. SAME 899,000. 9/18/10 150
590 24th
(5)Bed.,(2.5)Bth.
1,075,000. 999,000. 925,000.
9/20/10 158
121 33rd
(3)Bed.,(2)Bth.
1,300,000.
999,999. 925,000. 9/10/10 586
38 W. 22nd
(4)Bed.,(2)Bth. 1,475,000. 998,000. 937,500. 9/17/10 854
244 23rd
(4)Bed.,(4)Bth.
1,325,000.
1,249,000. 1,137,500. 9/18/10 159
5050 Dune
(4)Bed.,(2.5)Bth. 1,450,000. 1,299,000. 1,150,000. 9/10/10 249
168 33rd
(4)Bed.,(3)Bth.
1,395,000.
1,295,000. 1,180,000. 9/10/10 161
176 9th
(5)Bed.,(5.5)Bth.
1,795,000.
1,500,000. 1,470,000. 9/10/10 504
739 Dune
(5)Bed.,(5.5)Bth. 1,895,000. 1,775,000. 1,635,000.
9/15/10 106
5729 Dune
(5)Bed.,(4)Bth. 2,300,000. 1,975,000. 1,775,000. 9/7/10 453
4510 Fifth
(4)Bed.,(3)Bth. 2,399,000. SAME 2,150,000.
9/30/10 247
*258 70TH
(6)Bed.,(6)Bth. 2,495,000. 2,395,000. 2,250,000. 9/24/10 259
5748 Dune
(5)Bed.,(5/2)Bth. 2,550,000. SAME 2,275,000. 9/7/10 168
*16 E. 13th
(5)Bed.,(5.5)Bth. 2,950,000. 2,750,000. 2,635,000.
9/23/10 264
221 65th
(5)Bed.,(5/3)Bth.
3,395,000.
3,295,000. 2,815,000. 9/30/10 256
(2)NEW CONSTRUCTION
(30,271,000.) (27,905,999.)
(25,574,000.)
(5,388)
Average Original Average Reduced Average Sold Average Days on
List Price= $1,681,722. List Price = $1,550,333.
Price = $1,420,778. Market =
299
-
-
Difference between ORIGINAL List Price and SOLD Price = (16%)
-
-
Difference between ORIGINAL List Price and REDUCED Price = (8%)
LOTS/LAND – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)
LOTS/LAND – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)
COMMERCIAL – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)
COMMERCIAL – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 =
(0)
MULTI-FAMILY – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 =
(0)
MULTI-FAMILY – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 =
(1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE
DATE onMkt
254 29th
(4/4)Bed.,(2/2)Bth. $799,000. SAME
$725,000. 9/15/10 123
CONDO/TOWNHOUSE – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 =
(6)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
7929 Dune
(1)Bed.,(1)Bth. #105
$339,990.
$364,990. 181
276 12th
(3)Bed.,(2.5)Bth. 549,000. 539,000. 120
404 21st
(5)Bed.,(3)Bth East 599,000. SAME 15
277 27th
(4)Bed.,(3)Bth. East 738,500. 631,500. 436
6537 Ocean
(4)Bed.,(2.5)Bth. North
896,000.
699,000. 938
257 35th
(5)Bed.,(3)Bth. West
825,000.
725,000. 190
CONDO/TOWNHOUSE – COMPARABLE SALES: 9/1/2010 TO 9/30/2010
= (4)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
7929 Dune
(1)Bed.,(1)Bth. #210 $339,990. SAME $310,000. 9/16/10 195
295 16th
(3)Bed.,(2.5)Bth.
699,000.
649,000. 350,000. 9/17/10 1,175
602 Sunrise
(5)Bed.,(3)Bth. #602 735,000. SAME
730,000. 9/30/10 59
*493 21st
(4)Bed.,(4.5)Bth. West
775,000. SAME 770,000. 9/10/10 71
(1)NEW CONSTRUCTION
(2,548,990.) (2,498,990.) (2,160,000.) (1,500.)
Average Original Average Reduced Average Sold Average Days on
List Price = $637,247. List Price = $624,747. Price = $540,000.
Market = 375
-
-
Difference between ORIGINAL List Price and SOLD Price = (15%)
-
-
Difference between ORIGINAL List Price and REDUCED Price = (2%)
TOTAL AVALON SALE INVENTORY (AS OF 10-2-2010) = 390
RESIDENTIAL 227
LOTS/LAND 24
COMMERCIAL 17
MULTI-FAMILY 10
CONDO/TOWNHOUSE 112