2011 – JUNE – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (3)

                                                                                              ORIGINAL               REDUCED          DAYS ON

ADDRESS                                                                            LIST PRICE               LIST PRICE         MARKET

131 17th (3)Bed.,(1.5)Bth.                                                $ 799,000.                  SAME                10

141 20th (3)Bed.,(1.5)Bth.                                                 1,195,000.              $ 850,000.           422

1389 First Ave (4)Bed.,(2)Bth.                                             995,000.                  SAME               402

 

RESIDENTIAL – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (11)

                                                                 ORIGINAL        REDUCED        SOLD        CLOSING       DAYS

ADDRESS                                                LIST PRICE        PRICE              PRICE           DATE         onMkt

74 W. 24th (3)Bed.,(1.5)Bth.               $1,299,900.     $1,099,000.    $800,000.    6/3/11        359

1564 Avalon (3)Bed.,(1)Bth.                 1,299,000.           999,000.      850,000.    6/10/11    1,079

274 47th (5)Bed.,(2)Bth.                            950,000.            SAME          912,000.    6/16/11       113

246 42nd (4)Bed.,(3)Bth.                         1,295,000.           995,000.     937,500.    6/17/11       114

2868 Ocean (4)Bed.,(3)Bth.                   1,260,000.           999,000.     960,000.    6/30/11       315

273 75th (6)Bed.,(2.5)Bth.                      1,299,000.             SAME      1,110,000.    6/18/11      320

*166 31st (5)Bed.,(5)Bth.                        1,595,000.       1,499,000.    1,470,000.   6/10/11      158

249 76th (6)Bed.,(5.5)Bth.                      1,895,000.        1,695,000.   1,655,000.    6/3/11        483

654 7th (4)Bed.,(2.5)Bth.                        2,350,000.              SAME      1,900,000.   6/24/11       84

7568 Sunset (4)Bed.,(3)Bth.                  4,250,000.              SAME      3,862,500.   6/27/11       38

7578 Sunset (6)Bed.,(5)Bth.                  4,995,000.        4,250,000.    3,862,500.   6/27/11      515

(1)NEW CONSTRUCTION

                                                              (22,487,900.)      (20,385,000.) (18,319,500.)              (3,578.)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $2,044,354.    List Price = $1,853,182.     Price = $1,665,409.      Market = 325

-          Difference between ORIGINAL List Price and SOLD Price = (19%)

-          Difference between ORIGINAL List Price and REDUCED Price = (11%)

 

LOTS/LAND – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

LOTS/LAND – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (1)

                                                                            ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                           LIST PRICE              LIST PRICE               MARKET

234 32ND (4/4)Bed.,(2/2)Bth.                         $1,375,000.               SAME                         376

 

MULTI-FAMILY – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (6)

                                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                             LIST PRICE              LIST PRICE              MARKET

301 80th (3)Bed.,(2)Bth. #20                             $449,000.                 SAME                       20

6669 Ocean (4)Bed.,(2)Bth. South                     749,000.               699,000.                    157

312 79th (4)Bed.,(3)Bth. #312                             779,000.                  SAME                       147

*2507 Dune (4)Bed.,(3)Bth. #2507                    849,000.                  SAME                       199

*3287 Ocean (5)Bed.,(3.5)Bth. East                   949,000.                  SAME                       128

6446 Ocean Dr. (5)Bed.,(4)Bth. North             1,099,000.                 SAME                       164

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (6)

                                                                        ORIGINAL        REDUCED        SOLD        CLOSING    DAYS

ADDRESS                                                       LIST PRICE           PRICE           PRICE          DATE      onMkt

153 38th (3)Bed.,(1)Bth. #153                    $1,195,000.      $699,000.      $475,000.    6/30/11  1,875

2485 Ocean (4)Bed.,(3.5)Bth. West               725,000.          SAME            645,000.    6/17/11   128

*2527 Dune (4)Bed.,(3)Bth. #2527                779,000.          SAME            725,000.    6/18/11    199

295 65th (50Bed.,(3.5)Bth. West                     839,000.        799,999.         765,000.    6/18/11    228

*6594 Ocean (5)Bed.,(3.5)Bth. #6594           949,000.          SAME            895,000.    6/30/11     178

*613 Sunrise (5)Bed.,(4)Bth. West              1,395,000.         SAME          1,350,000.    6/27/11     27

(3)NEW CONSTRUCTION

                                                                      (5,882,000.)      (5,346,999.)   (4,855,000.)              (2,635)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $980,333.        List Price= $891,166.         Price = $809,167.         Market = 439

-          Difference between ORIGINAL List Price and SOLD Price = (18%)

-          Difference between ORIGINAL List Price and REDUCED Price = (9%)

 

TOTAL AVALON SALE INVENTORY (AS OF JULY 14, 2011) = 357

RESIDENTIAL                                                     210

LOTS/LAND                                                        28

COMMERCIAL                                                    9

MULTI-FAMILY                                                   6

CONDO/TOWNHOUSE                                    104