2010 - JULY – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (11)

                                                             ORIGINAL                  REDUCED       DAYS ON                               

ADDRESS                                           LIST PRICE                LIST PRICE    MARKET

219 22ND St.,(3)Bed.,(1)Bth.                $939,000.                      $614,900.            1,149

223 37th St.,(4)Bed.(2)Bth.                     869,900.                        785,000.            349

121 33rd St.,(3)Bed.,(2)Bth.                 1,300,000.                        999,999.            537

573 21st (4)Bed.,(3)Bth.                       1,895,000.                     1,099,000.            490

250 60th (3)Bed.,(1.5)Bth.                    1,195,000.                         SAME              95

168 33rd (4)Bed.,(3)Bth.                       1,395,000.                     1,295,000.            105

5050 Dune (4)Bed.,(2.5)Bth.                1,450,000.                     1,299,000.            193

176 9th (5)Bed.,(5.5)Bth.                      1,795,000.                      1,500,000.           451

75 W. 28th (5)Bed.,(4.5)Bth.                1,699,000.                          SAME             142

5729 Ocean (5)Bed.,(4)Bth.                 2,300,000.                      1,975,000.           399

5748 Dune (5)Bed.,(5/2)Bth.               2,550,000.                          SAME             139

 

RESIDENTIAL – COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (2)

                                                ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                             LIST PRICE     PRICE           PRICE       DATE       onMkt

318 42nd St. (4)Bed.,(2)Bth.    $895,000.          $829,000.        $775,000.   7/16/10         137

* 121 12th(5)Bed.,(4/2)Bth.    1,750,000.              SAME        1,707,500.   7/2/10           110

(1)NEW CONSTRUCTION

                                               (2,645,000.)        (2,579,000.)    (2,482,500.)                    (247)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $1,322,500.     List Price = $1,289,500.     Price = $1,241,250.   Market = 123

-         -         Difference between ORIGINAL List Price and SOLD Price = (6%)

-         -         Difference between ORIGINAL List Price and REDUCED Price = (3%)

 

LOTS/LAND – UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (1)

                                                 ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                               LIST PRICE    PRICE          PRICE       DATE         onMkt

92 & 82 E. 13th Street             $5,500,000.         SAME         $5,000,000.   7/25/10        179

    (110x 110 – 60’x 110’ 1st 50’x 110’ 2nd Lot)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $5,500,000.     List Price $5,500,000.        Price = $5,000,000.    Market 179

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

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

 

COMMERCIAL – UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (0)

CONDO/TOWNHOUSE – UNDER CONTRACT: 7/1/2010 TO 7/31/2010 = (6)

                                                                          ORIGINAL             REDUCED        DAYS ON

ADDRESS                                                        LIST PRICE          LIST PRICE      MARKET

286 16th(3)Bed.,(2)Bth. #4                                $399,000.                   SAME                       1

268 12th (3)Bed.,(2.5)Bth. #268                          529,000.                   499,000.                    219

3027 Dune (3)Bed.,(3)Bth. #3027                       610,000.                   SAME                       14

295 16th (3)Bed.,(2.5)Bth. #295                           699,000.                  649,000.                   1,108

2615 Ocean (4)Bed.,(3)Bth. #2615                      729,000.                  699,900.                      92

* 493 21st (4)Bed.,(4.5)Bth. West                        775,000.                   SAME                        16

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 7/1/2010 TO 7/31/2010 = (3)

                                                          ORIGINAL     REDUCED     SOLD     CLOSING  DAYS

ADDRESS                                        LIST PRICE    PRICE          PRICE        DATE     onMkt

700 Ocean Dr. (3)Bed.,(2.5)Bth.        $769,000.          $669,000.     $600,000.      7/12/10     178

700 First Ave.(2)Bed.,(2)Bth. #417      600,000.            579,000.       525,000.     7/15/10     240

2487 Ocean(4)Bed.,(3.5)Bth. #2487    745,000.           699,900.         685,000.     7/31/10     372

                                                            (2,114,000.)     (1,947,900.)    (1,810,000.)                (790)

Average Original                Average Reduced               Average Sold            Average Days on

List Price = $704,667.         List Price = $649,300.        Price = $603,333.      Market = 263

-         -         Difference between ORIGINAL List Price and SOLD Price = (14%)

-         -         Difference between ORIGINAL List Price and REDUCED Price = (8%)

 

TOTAL AVALON SALE INVENTORY (AS OF 8-9-10) = 408

RESIDENTIAL                                                  239

LOTS/LAND                                                       24

COMMERCIAL                                                 10

MULTI-FAMILY                                               10

CONDO/TOWNHOUSE                                   125