2011 – JANUARY – AVALON, NJ:
RESIDENTIAL – UNDER
CONTRACT: 1/1/2011 TO 1/31/2011 = (8)
ORIGINAL
REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
146 32nd St. (5)Bed.,(2)Bth. $850,000. SAME 167
370 24th St. (4)Bed.,(2.5)Bth. 895,000. SAME 89
254 24th St. (4)Bed.,(3.5)Bth. 1,090,000. 914,900. 409
759 Third Ave. (6)Bed.,(4)Bth. 1,195,000. SAME 13
164 22nd St. (5)Bed.,(5.5)Bth. 1,575,000. SAME 50
216 77th St. (5)Bed.,(5/2)Bth. 1,897,600. SAME 92
10 E. 12th St. (7)Bed.,(4.5)Bth. 2,795,000. 2,650,000. 326
6212 Dune Dr. (6)Bed.,(5/3)Bth. 3,395,000. SAME 139
RESIDENTIAL –
COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (8)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS
LIST PRICE LIST
PRICE PRICE DATE onMkt
186 11th (3)Bed., (1)Bth. $899,000. $799,000. $720,000. 1/15/11 194
73 W. 11th (4)Bed.,(2.5)Bth. 1,055,000. 899,000. 775,125. 1/28/11 276
178 39th (3)Bed.,(1)Bth. 879,000. SAME 820,000. 1/28/11 121
26 W. 15th (3)Bed.,(2)Bth. 925,000. SAME 850,000. 1/29/11 486
408 42nd (4)Bed.,(2)Bth. 1,850,000. 1,250,000. 1,050,000. 1/13/11 302
*148 12th (5)Bed.(5)Bth. 1,695,000. 1,595,000. 1,550,000. 1/27/11 538
4988 Ocean (5)Bed.,(3.5)Bth. 3,050,000. SAME 3,050,000. 1/24/11 34
92 E. 14th (5)Bed.,(5.5)Bth. 5,495,000. SAME 5,000,000. 1/21/11 102
(1)NEW CONSTRUCTION
(15,848,000.) (14,892,000.) (13,815,125.)
(2,053)
Average Original Average Reduced Average Sold Average Days on
List Price =
$1,981,000. List Price =
$1,861,500. Price =
$1,726,891. Market = 257
-
Difference between ORIGINAL List Price and SOLD Price
= (13%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (6%)
LOTS/LAND – UNDER
CONTRACT: 1/1/2011 TO 1/31/2011 = (0)
LOTS/LAND – COMPARABLE
SALES: 1/1/2011 TO 1/31/2011 = (0)
COMMERCIAL – UNDER
CONTRACT: 1/1/2011 TO 1/31/2011 = (0)
COMMERCIAL –
COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)
MULTI-FAMILY – UNDER
CONTRACT: 1/1/2011 TO 1/31/2011 = (0)
MULTI-FAMILY –
COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (1)
ORIGINAL REDUCED SOLD CLOSING
DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
3289 Ocean (3/1)Bed., (1/1)Bth. $869,000. SAME $750,000. 1/21/11 78
-
Difference between
ORIGINAL List Price and SOLD Price = (14%)
-
Difference between
ORIGINAL List Price and REDUCED Price = (0%)
CONDO/TOWNHOUSE –
UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (6)
ORIGINAL
REDUCED DAYS ON
ADDRESS LIST PRICE PRICE MARKET
300 79th (3)Bed.,(2)Bth. #A-9 $469,000. SAME 13
317 80th (3)Bed.,(2)Bth. #317 539,000. SAME 5
2026 Sixth (5)Bed.,(3.5)Bth. North 599,000. SAME 40
153 38th (3)Bed., (1)Bth. #153 1,195,000. 699,000. 1,678
408 24th (5)Bed.,(4)Bth. West 1,349,000. 799,900. 1,937
*615 Sunrise(5)Bed.,(4)Bth. West 1,395,000. SAME 14
(1)NEW CONSTRUCTION
CONDO/TOWNHOUSE –
COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)
TOTAL AVALON SALE
INVENTORY (AS OF 2/3/2011) = 328
RESIDENTIAL 178
LOTS/LAND 22
COMMERCIAL 8
MULTI-FAMILY 8
CONDO/TOWNHOUSE 112