2009 – SEPTEMBER –
AVALON,NJ:
RESIDENTIAL – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 =
(10)
ORIGINAL
REDUCED
DAYS ON
ADDRESS
LIST
PRICE
LIST PRICE
MARKET
264 14th
(3)Bed.,(2)Bth.
$769,000.
SAME
3
294 6th
(4)Bed.,(3.5)Bth.
1,399,000.
995,000.
49
103 34th
(4)Bed.,(3)Bth.
1,495,000.
SAME
142
3764 Dune
(5)Bed.,(4.5)Bth.
1,975,000.
1,495,000.
388
151 20th
(5)Bed.,(5)Bth.
1,795,000.
1,499,000.
360
* 1998 Ocean
(5)Bed.,(4.5)Bth.
2,595,000.
2,090,000.
565
4350 Fourth
(4)Bed.,(2.5)Bth.
2,299,000.
SAME
155
* 257 70th
(6)Bed.,(6)Bth.
2,395,000.
SAME
52
315 74th
(7)Bed.,(2.5)Bth.
3,800,000.
SAME
77
316 60th
(4)Bed.,(3/2)Bth.
4,295,000.
SAME
38
(2) NEW CONSTRUCTION
RESIDENTIAL – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 =
(10)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE
PRICE
DATE onMkt
345 7th
(5)Bed.,(2)Bth.
$899,999.
SAME $807,000.
9/3/09 265
2959 First
(3)Bed.,(1.5)Bth.
899,000.
SAME
810,000.
9/17/09 170
190 12th
(3)Bed.,(2)Bth.
949,000.
895,000.
865,000.
9/29/09 217
258 70th
(4)Bed.,(2)Bth.
1,499,000.
1,195,000. 1,100,000.
9/11/09 192
35 W 10th (5)Bed.,(5.5)Bth.
1,795,000.
1,725,000. 1,625,000.
9/25/09 203
4108 Fourth (5)Bed.,(4)Bth.
1,950,000.
SAME
1,700,000. 9/30/09
60
4488 Ocean (4)Bed.,(2)Bth.
2,000,000.
1,750,000. 1,700,000.
9/25/09 258
5649 Ocean (4)Bed.,(3)Bth.
2,200,000.
1,995,000. 1,750,000.
9/9/09 249
78 W 12th (5)Bed.,
(5)Bth.
2,995,000.
2,195,000. 1,975,000.
9/29/09 1,177
174 76th
(4)Bed.,(3)Bth.
2,395,000.
SAME
2,000,000.
9/30/09 69
(17,581,999.) (15,898,999.)
(14,332,000.)
(2,860)
Average
Original
Average Reduced
Average
Sold
Average Days on
List Price = $1,758,200. List
Price = $1,589,900. Price =
$1,433,200. Market = 286
- Difference
between ORIGINAL List Price and SOLD Price = (19%)
- Difference
between ORIGINAL List Price and REDUCED Price = (10%)
LOTS/LAND – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)
LOTS/LAND – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 = (1)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST
PRICE
PRICE
PRICE
DATE onMkt
262 41st – 50’x
110’
$749,000.
$699,000. $675,000.
9/25/09 147
COMMERCIAL – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 = (0)
COMMERCIAL – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 =
(0)
MULTI-FAMILY – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 =
(0)
MULTI-FAMILY – COMPARABLE SALES: 9/1/2009 TO 9/30/2009 =
(0)
CONDO/TOWNHOUSE – UNDER CONTRACT: 9/1/2009 TO 9/30/2009 =
(4)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
700 First Ave(2)Bed.,(2)Bth.
#203
$599,000.
SAME
151
* 2176 Dune (3)Bed.,(3.5)Bth.
#2176
799,000.
$650,000.
245
* 2168 Dune (3)Bed.,(3)Bth.
#2168
899,000.
699,000.
242
* 2007 Dune (4)Bed.,(4.5)Bth.
#2 995,000.
825,000.
434
(3) NEW CONSTRUCTION
CONDO/TOWNHOUSE – COMPARABLE SALES: 9/1/2009 TO 9/30/2009
= (8)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE
DATE onMkt
258 28th (4)Bed.,(2.5)Bth.
East
$599,000.
SAME
$585,000. 9/18/09
81
* 2025 Dune (3)Bed.,(3)Bth.
#7 845,000. 650,000.
635,000.
9/23/09 457
2609 Ocean (4)Bed.,(3)Bth.
No
789,000.
719,000.
650,000. 9/30/09
266
281 35th (4)Bed.,(2.5)Bth.
East
725,000.
SAME
655,000. 9/18/09 203
* 2314 Dune(3)Bed.,(3)Bth. #2314
849,000.
779,000. 735,000.
9/25/09 179
* 2330 Dune(3)Bed.,(3)Bth. #2330
899,000.
779,000.
750,000. 9/19/09 173
* 2003 Dune(4)Bed.,(4.5)Bth. #1
995,000.
800,000.
800,000.
9/8/09 442
66 E. 20th(2)Bed.,(2)Bth.
#304
1,295,000.
999,000.
937,500. 9/2/09
393
(4) NEW CONSTRUCTION
(6,996,000.)
(6,050,000.)
(5,747,500.)
(2,194)
Average
Original
Average
Reduced
Average Sold
Average Days on
List Price =
$874,500. List Price = $756,250.
Price = $718,437. Market = 274
- Difference
between ORIGINAL List Price and SOLD Price = (18%)
- Difference
between ORIGINAL List Price and REDUCED Price = (14%)
TOTAL AVALON SALE INVENTORY (AS OF 10-2-09) = 409
RESIDENTIAL = 220
LOTS/LAND = 29
COMMERCIAL = 22
MULTI-FAMILY = 10
CONDO/TOWNHOUSE = 128