2011 – APRIL – AVALON, NJ:
RESIDENTIAL – UNDER
CONTRACT: 4/1/2011 TO 4/30/2011 = (5)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
559 22nd (3)Bed.,(1)Bth $549,000. $524,900. 210
124 10th (4)Bed.,(2)Bth. 1,050,000. SAME 520
*166 31st (5)Bed.,(5)Bth. 1,595,000. 1,499,000. 108
249 76th (6)Bed.,(5.5)Bth. 1,895,000. 1,695,000. 433
150 39th (5)Bed.,(4.5)Bth. 2,250,000. SAME 55
(1)NEW CONSTRUCTION
RESIDENTIAL –
COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (12)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE
onMKT
282 18th (3)Bed.,(2)Bth $825,000. SAME $750,000. 4/9/11 244
286 45th (4)Bed.,(2.5)Bth. 975,000. $799,000. 771,500. 4/20/11 265
*455 21st (4)Bed.,(4.5)Bth. 975,000. 899,000. 830,000. 4/7/11 247
214 54th (6)Bed.,(2.5)Bth. 895,000. SAME 880,000. 4/8/11 106
249 77th (3)Bed.,(1)Bth. 950,000. SAME 950,000. 4/23/11 1
759 Third (6)Bed.,(4)Bth. 1,195,000. SAME 1,175,000. 4/18/11 101
138 26th (5)Bed.,(4)Bth. 1,325,000. SAME 1,300,018. 4/20/11 38
158 30th (6)Bed.,(5)Bth. 2,000,000. 1,795,000. 1,750,000. 4/29/11 563
*25 W. 17th (6)Bed.,(6)Bth. 1,895,000. SAME 1,825,000. 4/29/11 115
46 w. 9th (5)Bed.,(2.5)Bth. 2,950,000. 2,725,000. 2,500,000. 4/15/11 235
90 E. 11th (4)Bed.,(3)Bth. 3,250,000. SAME 2,950,000. 4/16/11 42
*6212 Dune (6)Bed.,(5/3)Bth. 3,395,000. SAME 3,035,000. 4/8/11 210
(3)NEW CONSTRUCTION
(20,630,000.)
(19,948,000.) (18,716,518.) (2,167)
Average Original Average Reduced Average Sold Average Days on
List Price =
$1,719,167. List Price =
$1,662,333. Price = $1,559,710. Market = 180
-
Difference between
ORIGINAL List Price and SOLD Price = (9%)
-
Difference between
ORIGINAL List Price and REDUCED List Price = (3%)
LOTS/LAND – UNDER
CONTRACT: 4/1/2011 TO 4/30/2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
249 64TH (60’X 110’) Lot $1,595,000. $1,495,000. 653
LOTS/LAND –
COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)
COMMERCIAL – UNDER
CONTRACT: 4/1/2011 TO 4/30/2011 = (0)
COMMERCIAL –
COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 4/1/2011 TO 4/30/2011 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (6)
ORIGINAL
REDUCED DAYS ON
ADDRESS LITS
PRICE LIST PRICE MARKET
1318 Ocean (3)Bed.,(2)Bth. #D-9 $635,000. SAME 55
*2172 Dune (3)Bed.,(3)Bth. #2172 750,000. 699,000. 443
234 33rd St. (5)Bed.,(3)Bth. West 859,000. 759,000. 334
3389 Ocean (5)Bed.,(3)Bth. East 849,000. SAME 85
66 E. 20th (2)Bed.,(2)Bth. #204 1,175,000. SAME 213
700 22nd (5)Bed.,(4)Bth. #700 1,325,000. SAME 61
(1)NEW CONSTRUCTION
CONDO/TOWNHOUSE –
COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (6)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE
DATE onMkt
281 13th (3)Bed.,(2.5)Bth. #281 $479,000. SAME $455,000. 4/30/11 68
2103 Ocean (3)Bed.,(2.5)Bth. #2103 535,000. SAME 529,000. 4/16/11 88
6579 Ocean (3)Bed.,(2)Bth. #C-A 550,000. SAME 535,000. 4/15/11 78
266 33rd (4)Bed.,(3)Bth. East 699,000. SAME 699,000. 4/2/11 53
408 24th (5)Bed.,(4)Bth. East 1,349,000. 799,900. 775,000. 4/20/11 2,028
*2535 Dune (4)Bed.,(3)Bth. #2535 849,000. SAME 795,000. 4/30/11 150
(1)NEW CONSTRUCTION
(4,461,000.) (3,911,900.) (3,788,000.) (2,465)
Average Original Average Reduced Average Sold Average Days on
List Price =
$743,500. List Price =
$651,983. Price = $631,333. Market = 411
-
Difference between
ORIGINAL List Price and SOLD Price = (15%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (12%)
TOTAL AVALON SALE
INVENTORY (AS OF 5/3/2011) = 360:
RESIDENTIAL 192
LOTS/LAND
27
COMMERCIAL 17
MULTI-FAMILY 7
CONDO/TOWNHOUSE 117