2011 –
SEPTEMBER – AVALON,NJ:
RESIDENTIAL
– UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (9)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
179 34TH (3)Bed.,(2)Bth.
$1,249,000. $899,000. 295
2159 First (3)Bed.,(3)Bth. 949,000. SAME 101
203 8th (5)Bed.,(2)Bth.
1,250,000.
1,150,000. 604
43 W. 31st (5)Bed.,(2.5)Bth. 1,195,000. SAME 6
245 66th (4)Bed.,(2)Bth.
1,799,000.
1,399,000. 665
134 36th (4)Bed.,(3-2)Bth. 1,595,000. SAME 46
*148 16th (6)Bed.,(6-2)Bth. 1,695,000. SAME 1
178 75th (4)Bed.,(4)Bth.
2,595,000. 2,350,000. 230
93 E. 17th (3)Bed.,(3)Bth. 5,100,000. 4,600,000. 889
(1)NEW
CONSTRUCTION
RESIDENTIAL
– COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (6)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE
PRICE DATE onMkt
393 22nd (5)Bed.,(2.5)Bth. $795,900. $624,900. $550,000.
9/15/11 521
1589 Dune (3)Bed.,(2)Bth.
879,000. 779,000. 612,500. 9/7/11
405
*118 20th (6)Bed.,(5.5)Bth.
1,595,000. SAME 1,645,000. 9/27/11
145
39 E. 25th (5)Bed.,(4.5)Bth.
2,495,000. 2,095,000. 1,800,000. 9/23/11 553
5168 Ocean (6)Bed.,(3)Bth.
2,695,000. SAME 2,450,000. 9/30/11
137
*129 75th St. (7)Bed.,(7/3)Bth. 16,875,000. 13,995,000. 12,417,380. 9/9/11 557
(2)NEW
CONSTRUCTION
(25,334,900.)
(21,783,900.)
(19,474,880.)
(2,318)
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$4,222,483. List Price =
$3,630,650. Price = $3,245,813. Market = 386
-
Difference between ORIGINAL List Price and SOLD Price
= (23%)
-
Difference between ORIGINAL List Price and REDUCED Price
= (14%)
LOTS/LAND –
UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)
LOTS/LAND –
COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)
COMMERCIAL –
UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
2162 Dune (1,377 sq.ft.) #2162 $350,000. SAME 624
COMMERCIAL –
COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (0)
MULTI-FAMILY
– UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (0)
MULTI-FAMILY
– COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST
PRICE PRICE
PRICE DATE onMkt
234 32nd (4/4)Bed.,
(2/2)Bth.
$1,375,000. SAME $1,150,000. 9/17/11 488
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$1,375,000. List Price =
$1,375,000. Price = $1,150,000. Market = 488
-
Difference between ORIGINAL List Price and SOLD Price
= (16%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (0%)
CONDO/TOWNHOUSE
– UNDER CONTRACT: 9/1/2011 TO 9/30/2011 = (6)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
862 First (3)Bed.,(2)Bth. #1S $575,000. $549,000. 417
700 First (2)Bed.,(2)Bth. #406 685,000. 599,000. 843
*6592 Ocean (5)Bed.,(3.5)Bth. #6592
949,000.
SAME 196
6446 Ocean (5)Bed.,(4)Bth. North 1,099,000. 1,030,000. 251
663 E. Sunrise (4)Bed.,(3-2)Bth. East
1,495,000.
1,195,000. 260
659 24th (5)Bed.,(4)Bth. West 1,650,000. 1,399,000. 546
(1)NEW
CONSTRUCTION
CONDO/TOWNHOUSE
– COMPARABLE SALES: 9/1/2011 TO 9/30/2011 = (3)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE PRICE DATE onMkt
3827 Ocean (2)Bed.,(1)Bth. 2ndFl
$359,000. $319,000. $310,000. 9/23/11
207
2569 Ocean (5)Bed.,(3.50Bth. North 659,000. 649,000. 615,000. 9/30/11
146
6669 Ocean (4)Bed.,(2)Bth. South
749,000. 699,000. 685,000. 9/17/11
253
(1,767,000.)
(1,667,000.)
(1,610,000.) (606)
Average
Original Average
Reduced Average Sold Average Days on
List Price =
$589,000. List Price = $555,667. Price = $536,667. Market = 202
-
Difference between ORIGINAL List Price and SOLD Price
= (9%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (6%)
TOATL
AVALON SALE INVENTORY (AS OF 10/11/11) = 341
RESIDENTIAL 193
LOTS/LAND
27
COMMERCIAL
9
MULTI-FAMILY 5
CONDO/TOWNHOUSE
107