2010 – JANUARY – AVALON, NJ:

 

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

                                                                    ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                 LIST PRICE           LIST PRICE       MARKET

158 32nd St. (3)Bed.,(1.5)Bth.                    $905,000.                  $825,000.              156

6347 Heron (5)Bed.,(3/2)Bth.                   1,249,000.                 1,195,000.              71

251 17th St. (5)Bed.,(4)Bth.                       1,495,000.                 1,275,000.              50

36 W. 12th St. (4)Bed.,(3)Bth.                   1,469,000.                  SAME                   4

109 40th St. (4)Bed.,(2.5)Bth.                    1,999,000.                 1,595,000.              492

238 41st St. (5)Bed.,(4)Bth.                       1,599,000.                  SAME                   23

613 Sunrise Dr. (3)Bed.,(2)Bth.                1,750,000.                  SAME                   35

 

RESIDENTIAL – COMPARABLE SALES: 1/1/2010 TO 1/31/2010 = (4)

                                               ORIGINAL     REDUCED     SOLD     CLOSING     DAYS ON

ADDRESS                            LIST PRICE     PRICE          PRICE       DATE         MARKET

156 9th St.(3)Bed.,(1)Bth.      $  765,000.          SAME          $  750,000.   1/22/10       78

274 16th St.(4)Bed.,(2)Bth.        825,000.          SAME              815,000.   1/23/10       68

139 12th St.(4)Bed.,(1.5)Bth.   1,195,000.         SAME           1,050,000.   1/22/10       381

285 38th St.(5)Bed.,(4/2)Bth.   1,499,000.         SAME           1,425,000.   1/8/10         85

                                               (4,284,000.)     (4,284,000.)    (4,040,000.)                  (612)

 

Average ORIGINAL            Average REDUCED            Average SOLD           Average Days

List Price = $1,071,000.        List Price = $1,071,000.       Price = $1,010,000.     on Mkt = 153

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

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

 

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

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                       LIST PRICE          LIST PRICE         MARKET

12 E. 17th St. 50’x 110’                                     $1,599,000.             $1,395,000.            374

 

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

                                                 ORIGINAL     REDUCED     SOLD     CLOSING    DAYS ON

ADDRESS                              LIST PRICE     PRICE           PRICE      DATE        MARKET

4101 Ocean Dr. 50’x 105’       $ 575,000.          SAME          $ 570,000.     1/15/10      29

 

Average Original            Average Reduced             Average Sold          Average Days on

List = $575,000.               List = $575,000.                Price = $570,000.    Mkt = 29

-         -         Difference between ORIGINAL List Price and SOLD Price = (1%)

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

 

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

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

 

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

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

 

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

                                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                      LIST PRICE         LIST PRICE          MARKET

66 E. 20th St. (1)Bed.,(1)Bth. #207                 $ 649,000.               $ 575,000.                564

 

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

                                                        ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                     LIST PRICE      PRICE          PRICE        DATE      onMkt

1314 Ocean (3)Bed.,(2)Bth. #4       $ 749,000.         $ 649,000.       $ 585,000.    1/29/10     366

258 28th St.(4)Bed.,(2.5)Bth. West     649,000.            SAME             612,500.    1/29/10     94

1708 Ocean(3)Bed.,(2)Bth. #5            849,000.           695,000.           615,000.    1/15/10     514

241 33rd St.(4)Bed.,(2.5)Bth. East       997,000.           849,000.           750,000.    1/29/10     717

255 35th St.(4)Bed.,(2.5)Bth. East       899,000.           849,000.           800,000.    1/22/10     358

* 3546 Ocean(4)Bed.,(3.5)Bth. So.   1,250,000.           SAME          1,200,000.    1/22/10      95

7 Marine Way(3)Bed.,(3)Bth.  #7     1,374,000.         1,290,000.       1,210,000.    1/29/10     273

(1) NEW CONSTRUCTION

                                                         (6,767,000.)      (6,231,000.)    (5,772,500.)                  (2,417)

Average Original            Average Reduced            Average Sold            Average Days on

List = $966,714.               List = $890,143.               Price = $824,643.      Market = 345

-         -         Difference between ORIGINAL List Price and SOLD Price = (15%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 2/14/2010) = (391)

RESIDENTIAL                                                     211

LOTS/LAND                                                          25

COMMERCIAL                                                    19

MULTI-FAMILY                                                  9

CONDO/TOWNHOUSE                                      127