2011 – MARCH – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (10)

                                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                           LIST PRICE           LIST PRICE          MARKET

389 21ST St: (3)Bed.,(1)Bth.                            $749,000.            $469,000.               1,312

225 78th St: (3)Bed.,(1.5)Bth.                           794,000.                 SAME                     325

286 45th St: (4)Bed.,(2.5)Bth.                           975,000.              799,000.                   217

282 18th St: (3)Bed.,(2)Bth.                               825,000.                SAME                     201

*455 21st St: (4)Bed.,(4.5)Bth.                          975,000.              899,000.                  205

274 47th St: (5)Bed.,(2)Bth.                               950,000.                 SAME                    23

242 6th St: (5)Bed.,(4)Bth.                              1,299,000.                 SAME                    1

26 E. 24th St: (4)Bed., (3)Bth.                         1,879,000.            1,695,000.                 306

46 W. 9th St: (5)Bed.,(2.5)Bth.                        2,950,000.            2,725,000.                200

90 E. 11th St: (4)Bed.,(3)Bth.                           3,250,000.                 SAME                   3

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (10)

                                                               ORIGINAL          REDUCED          SOLD         CLOSING      DAYS

ADDRESS                                              LIST PRICE          PRICE                PRICE            DATE        onMkt

14 E. 20th (3)Bed.,(1.5)Bth.               $1,149,300.        $899,000.        $825,000.    3/25/11      939

370 24th (4)Bed.,(2.5)Bth.                       895,000.              SAME           864,500.    3/11/11      131

10 W. 12th (3)Bed.,(2)Bth.                   1,280,000.        1,099,000.      1,063,000.    3/24/11      405

712 21st (4)Bed.,(2.5)Bth.                    1,495,000.        1,450,000.      1,200,000.    3/21/11      456

42 W. 25th (5)Bed.,(4)Bth.                   1,649,000.        1,589,000.      1,400,000.    3/4/11         245

46 E. 19th (6)Bed.,(3)Bth.                     1,749,000.        1,649,000.      1,450,000.    3/31/11       218

164 22nd (5)Bed.,(5.5)Bth.                   1,575,000.               SAME        1,525,000.    3/18/11       105

*56 W. 20th (5)Bed.,(5)Bth.                 1,735,000.         1,699,000.      1,625,000.    3/24/11       177

216 77th (5)Bed.,(5/2)Bth.                   1,897,600.                SAME        1,800,000.    3/5/11         137

10 E. 12th (7)Bed.,(4.5)Bth.                  2,795,000.          2,650,000.      2,515,000.    3/4/11        368

(1)NEW CONSTRUCTION

                                                               (16,219,900.)    (15,402,600.)   (14,267,500.)                 (3,181)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,621,990.    List Price = $1,540,260.    Price = $1,426,750.     Market = 313

-          Difference between ORIGINAL List Price and SOLD Price = (12%)

-          Difference between ORIGINAL List Price and REDUCED Price = (5%)

 

 

 

 

 

 

 

LOTS / LAND – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

LOTS / LAND – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)

                                                          ORIGINAL        REDUCED        SOLD        CLOSING        DAYS ON

ADDRESS                                         LIST PRICE        PRICE              PRICE           DATE            MKT

9 w. 14TH St: (60’x 110’)                 $1,100,000.      SAME            $980,000.    3/29/11        269

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,100,000.     List price = $1,100,000.   Price = $980,000.         Market = 269

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

-          Difference between ORIGINAL List Price and REDUCED List Price = (0%)

 

COMMERCIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

                                                                       ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                      LIST PRICE              LIST PRICE              MARKET

392 22nd (4/2)Bed., (1.5/1)Bth.               $699,999.              $624,900.                   89

MULTI-FAMILY – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (7)

                                                                        ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                       LIST PRICE              LIST PRICE              MARKET

281 13TH (3)Bed.,(2.5)Bth. #281                $479,000.                  SAME                        14

6578 Ocean Dr. (3)Bed.,(2)Bth. #C-A          550,000.                  SAME                        29

259 28th (4)Bed.,(3)Bth. East                        749,900.                724,900.                     245

224 27th (4)Bed.,(30Bth. #224                      739,000.                  SAME                        5

*2531 Dune (4)Bed.,(3)Bth. #2531              779,000.                  SAME                        93

746 21st (2)Bed.,(3.5)Bth. East                      995,000.                  SAME                        54

499 24th (5)Bed.,(4)Bth. West                     1,325,000.                 SAME                        37

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (5)

                                                                  ORIGINAL          REDUCED          SOLD          CLOSING    DAYS

ADDRESS                                                 LIST PRICE          PRICE                PRICE             DATE     onMkt

579 22nd (3)Bed.,(1.5)Bth. #B             $395,000.            SAME              $342,500.     3/11/11    93

317 80th (3)Bed.,(2)Bth. East                539,000.            SAME                 525,000.    3/5/11       66

2026 Sixth (5)Bed.,(3.5)Bth. North      599,000.            SAME                 550,000.    3/4/11       93

396 20th (5)Bed.,(4)Bth. #396               869,000.            SAME                 840,000.    3/11/11     46

*615 Sunrise (5)Bed.,(4)Bth. West     1,395,000.          SAME               1,350,000.   3/25/11     72

(1)NEW CONSTRUCTION

                                                                 (3,797,000.)    (3,797,000.)    (3,607,500.)                  (370)

 

 

 

Average Original                   Average Reduced               Average Sold               Average Days on

List Price = $759,400.           List Price = $759,400.        Price = $721,500.        Market = 74

-          Difference between ORIGINAL List Price and SOLD Price = (5%)

-          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

TOTAL AVALON SALE INVENTORY (AS OF 4/5/2011) = 362

RESIDENTIAL                                         193

LOTS/LAND                                            28

COMMERCIAL                                        16

MULTI-FAMILY                                       7

CONDO/TOWNHOUSE                         118