2011 -
JULY – AVALON, NJ:
RESIDENTIAL
– UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (9)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
701 Ocean Dr. (4)Bed.,(2)Bth. $744,900.
SAME 12
251 15th St. (4)Bed.,(2)Bth. 899,000. SAME 1
222 56th St. (2)Bed.,(1.5)Bth.
1,100,000. 999,999. 153
1228 First Ave. (4)Bed.,(3)Bth.
1,300,000. SAME 154
*118 20th St. (6)Bed.,(5.5)Bth.
1,595,000. SAME 48
64 E. 14th St. (5)Bed.,(4)Bth. 1,695,000. SAME 69
36 E. 19th St. (4)Bed.,(3)Bth.
1,795,000. SAME 110
19 Flamingo Dr. (5)Bed.,(4)Bth. 2,695,000.
2,495,000. 173
5168 Ocean Dr. (6)Bed.,(3)Bth.
2,695,000. SAME 67
(1)NEW
CONSTRUCTION
RESIDENTIAL
– COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (5)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
161 25th (5)Bed.,(2.5)Bth. $ 915,000. $725,000. $ 650,000.
7/25/11 369
148 21st (5)Bed.,(2)Bth.
749,000. SAME 700,000. 7/29/11 130
131 17th (3)Bed.,(1.5)Bth.
799,000. SAME 755,000. 7/23/11 41
156 34th (3)Bed.,(1)Bth.
999,000. 899,000. 800,000. 7/1/11 147
1389 First (4)Bed.,(2)Bth.
995,000. SAME 845,000.
7/22/11 448
(4,457,000.) (4,167,000.)
(3,750,000.)
(1,135)
Average
Original Average
Reduced Average SOLD Average Days on
List Price =
$891,400. List Price =
$833,400. Price = $750,000. Market = 227
-
Difference between ORIGINAL List Price and SOLD Price
= (16%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (7%)
LOTS – UNDER
CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST
PRICE LIST PRICE MARKET
82 E. 13th St. 50’x
110’
$2,100,000. SAME 16
LOTS –
COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE on Mkt
2138 Sixth Ave. 65.5’x 110’ $575,000. SAME $510,000. 7/1/11 28
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$575,000. List Price =
$575,000. Price = $510,000. Market = 28
-
Difference between ORIGINAL List Price and SOLD Price
= (11%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (0%)
COMMERCIAL –
UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (0)
COMMERCIAL –
COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
3101 Dune Dr. #202 $175,000. $79,900. $67,000.
7/12/11 1,902
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$175,900. List Price =
$79,900. Price = $67,000. Market = 1,902
-
Difference between ORIGINAL List Price and SOLD Price
= (62%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (54%)
MULTI-FAMILY
– UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (0)
MULTI-FAMILY
– COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (0)
CONDO/TOWNHOUSE
– UNDER CONTRACT: JULY 1, 2011 TO JULY 31, 2011 = (3)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
*3289 Ocean (5)Bed.,(3.5)Bth. West $949,000. SAME 128
659 24th (5)Bed.,(4)Bth. West
1,650,000.
1,399,000. 473
2002 Ocean (5)Bed.,(5.5)Bth. North 1,850,000. 1,695,000. 145
(1)NEW
CONSTRUCTION
CONDO/TOWNHOUSE
– COMPARABLE SALES: JULY 1, 2011 TO JULY 31, 2011 = (6)
ORIGINAL REDUCED SOLD
CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
601 Dune (1)Bed.,(1)Bth. #1
$539,000. SAME $470,000. 7/1/11
210
3956 Ocean (3)Bed.,(2)Bth. 1stFl
529,000. SAME 500,000. 7/29/11
49
700 Ocean (3)Bed.,(2.5)Bth. #B-5
629,900. SAME 580,000. 7/6/11
266
1668-88 Ocean (3)Bed.,(2)Bth. #B-8
849,000. SAME 675,000. 7/29/11
35
*2507 Dune (4)Bed.,(3)Bth. #2507
849,000. SAME 750,000. 7/15/11
226
1306 Ocean (4)Bed.,(2/2)Bth. #1306
800,000. SAME 800,000. 7/6/11
68
(1)NEW
CONSTRUCTION
(4,195,900.)
(4,195,900.)
(3,775,000.) (854)
Average
Original Average
Reduced Average SOLD Average Days on
List Price =
$699,317. List Price =
$699,317. Price = $629,167. Market = 142
-
Difference
between ORIGINAL List Price and SOLD Price = (10%)
-
Difference
between ORIGINAL List Price and REDUCED Price = (0%)
TOTAL
AVALON SALE INVENTORY (AS OF 8/15/2011) = 350:
RESIDENTIAL
203
LOTS
27
COMMERCIAL 9
MULTI-FAMILY 6
CONDO/TOWNHOUSE 105