2011 – FEBRUARY – AVALON, NJ:
RESIDENTIAL – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (8)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
214 54th (6)Bed.,(2.5)Bth. $895,000. SAME 60
14 E. 20th (3)Bed.,(1.5)Bth. 55’x60’ 1,149,300. 899,000. 886
10 W. 12th (3)Bed.,(2)Bth. 1,280,000. 1,099,000. 370
712 21st (4)Bed.,(2.5)Bth. 1,450,000. 1,495,000. 416
4309 Fifth Ave. (4)Bed.,(2)Bth. 1,595,000. SAME 15
46 E. 19th (6)Bed.,(3)Bth. 1,749,000. 1,649,000. 174
*56 W. 20th (5)Bed.,(5)Bth. 1,735,000. 1,699,000. 132
*25W. 17th (6)Bed.,(6)Bth. 1,895,000. SAME 43
(2)NEW CONSTRUCTION
RESIDENTIAL –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (8)
ORIGINAL REDUCED SOLD CLOSING
DAYS
ADDREESS LIST
PRICE PRICE PRICE
DATE onMkt
118 20th (3)Bed.,(1.5)Bth. $825,000. SAME $650,000. 2/18/11 39
146 32nd (5)Bed.,(2)Bth. 850,000. SAME 805,000. 2/4/11 179
254 24th (4)Bed.,(3.5)Bth. 1,090,000. 914,900. 875,000. 2/22/11 459
226 54th (3)Bed.,(1.5)Bth. 997,500. SAME 889,862. 2/11/11 362
588 3rd (5)Bed.,(3)Bth. 1,549,000. SAME 1,405,000. 2/10/11 108
168 35th (4)Bed.,(3)Bth. 1,695,000. 1,595,000. 1,500,000. 2/14/11 406
11 E. 11th (5)Bed.,(4.5)Bth. 2,099,000. 1,699,000. 1,580,000. 2/18/11 448
25 W. 33rd (5)Bed.,(5/2)Bth. 7,800,000. SAME 7,000,000. 2/25/11 39
(16,905,500.) (16,230,400.) (14,704,862.) (2,040)
Average Original Average Reduced Average Sold Average Days on
List Price =
$2,113,187. List Price =
$2,028,800. Price = $1,838,108. Market = 255
-
Difference between ORIGINAL List Price and SOLD Price
= (13%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (4%)
LOTS/LAND – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (0)
LOTS/LAND –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (1)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS LIST
PRICE PRICE PRICE DATE onMkt
226 66th - 60’x 110’ $1,125,000. SAME $1,125,000. 2/11/11 38
Average Original Average Reduced Average Sold Average Days on
List Price =
$1,125,000. List Price = $1,125,000. Price = $1,125,000. Market = 38
-
Difference between ORIGINAL List Price and SOLD Price
= (0%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (0%)
COMMERCIAL – UNDER
CONTRACT: 2/1/2011 TO 2/28/2011 = (0)
COMMERCIAL –
COMPARABLE SALES: 2/1/2011 TO 2/28/2011 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 2/1/11 TO 2/28/11 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 2/1/11 TO 2/28/11 = (5)
ORIGINAL REDUCED
DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
2103 Ocean Dr. (3)Bed.,(2.5)Bth. #2103 $535,000. SAME 23
266 33rd St. (4)Bed.,(3)Bth. East 699,000. SAME 6
*254 29th St. (5)Bed.,(3.5)Bth. West 849,000. SAME 157
396 20th St. (5)Bed.,(4)Bth. #396 869,000. SAME 22
*6594 Ocean Dr. (5)Bed.,(3.5)Bth. #6594 949,000. SAME 27
(2)NEW CONSTRUCTION
CONDO/TOWNHOUSE –
COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)
TOTAL AVALON SALE
INVENTORY (AS OF 3/6/11) = 353
RESIDENTIAL 184
LOTS/LAND 28
COMMERCIAL 15
MULTI-FAMILY 6
CONDO/TOWNHOUSE 120