2009 MAY AVALON,NJ:
RESIDENTIAL UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (8)
ORIGINAL
REDUCED
DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
742 Sunrise
(3)Bed.,(1)Bth.
$550,000.
SAME
28
3750 Ocean (4)Bed.,(2.5)Bth.
790,000.
SAME
6
223 36th (4)Bed.,(1.5)Bth.
1,000,000.
SAME
51
* 124 22nd
(5)Bed.,(5)Bth.
1,795,000.
1,695,000.
222
6439 Dune
(4)Bed.,(3)Bth.
2,299,000.
1,849,000.
796
255 67th
(5)Bed.,(4.5)Bth.
2,495,000.
2,175,000.
228
* 78 W. 12th (5)Bed.,(5)Bth.
2,995,000.
2,195,000.
1,025
* 1918 Avalon (5)Bed., (5)Bth.
2,595,000.
2,250,000.
490
(3) NEW CONSTRUCTION
RESIDENTIAL COMPARABLE SALES: 5/1/2009 TO 5/31/2009 =
(10)
ORIGINAL REDUCED
SOLD CLOSING DAYS ON
ADDRESS
LIST PRICE
PRICE
PRICE
DATE MARKET
314 76th(4)Bed.,(2)Bth.
$1,175,000. $1,125,000.
$990,000.
5/1/09 70
246 44th(4)Bed.,(3)Bth.
1,250,000.
SAME 1,200,000.
5/9/09 126
245 67th(4)Bed.,(3)Bth.
1,550,000.
SAME 1,525,000.
5/8/09 165
* 146 28th
(5)Bed.,(5)Bth.
1,595,000.
SAME 1,562,500.
5/16/09 91
* 53 W. 15th(5)Bed.,(5)Bth.
1,995,000.
1,795,000. 1,725,000.
5/2/09 204
693 Sunrise(5)Bed.,(2)Bth.
2,000,000.
SAME 1,750,000.
5/14/09 62
74 W. 11th
(5)Bed.,(5)Bth. $1,750,000.
SAME
$1,750,000.
5/11/09 104
6799
Dune(4)Bed.,(4)Bth.
2,206,300. 1,989,000.
1,975,000.
5/26/09 46
7464 Sunset(3)Bed.,(2)Bth.
3,100,000.
2,650,000. 2,350,000.
5/30/09 134
4618
Fifth(5)Bed.,(3.5)Bth.
2,695,000.
SAME
2,400,000.
5/8/09
96
(19,316,300.) (18,399,000.)
(17,227,500.)
(1,098)
(2) NEW CONSTRUCTION
Average
Original
Average
Reduced
Average Sold
Average Days on
List Price = $1,931,630. List
Price = $1,839,900. Price =
$1,722,750. Market = 110
- Difference
between ORIGINAL List Price and SOLD Price = (11%)
- Difference
between ORIGINAL List Price and REDUCED Price = (5%)
LOTS/LAND UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)
LOTS/LAND COMPARABLE SALES: 5/1/2009 TO 5/30/2009 = (0)
COMMERCIAL UNDER CONTRACT: 5/1/2009 TO 5/31/2009 = (0)
COMMERCIAL COMPARABLE SALES: 5/1/2009 TO 5/31/2009 =
(1)
ORIGINAL REDUCED
SOLD CLOSING DAYS ON
ADDRESS
LIST PRICE PRICE
PRICE
DATE MARKET
2931 Ocean Dr. 90x110
$3,100,000.
SAME $2,182,500.
5/12/09 288
Avalon Seafood & Farm Market
MULTI-FAMILY UNDER CONTRACT: 5/1/2009 TO 5/31/2009 =
(0)
MULTI-FAMILY COMPARABLE SALES: 5/1/2009 TO 5/31/2009 =
(0)
CONDO/TOWNHOUSE UNDER CONTRACT: 5/1/2009 TO 5/31/2009 =
(2)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST
PRICE LIST
PRICE MARKET
* 281 26th (3)Bed.,(2.5)Bth.
#281
$649,000.
SAME
118
* 506 20th (4)Bed.,(4)Bth.
#506
792,000.
SAME
12
(2) NEW CONSTRUCTION
CONDO/TOWNHOUSE COMPARABLE SALES: 5/1/2009 TO 5/31/2009
= (7)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST
PRICE
PRICE
PRICE
DATE onMkt
7800 Dune (1)Bed.,(1)Bth. #325
$285,000.
$275,000. $252,500.
5/29/09 224
7929 Dune (1)Bed.,(1)Bth.
#212
319,900.
SAME
342,140. 5/22/09
318
460 20th (3)Bed.,(1.5)Bth.
1stFl
559,000.
399,000.
350,000. 5/1/09
567
460 20th (3)Bed.,(1.5)Bth.
2ndFl 599,000.
469,000.
445,000.
5/1/09 567
* 283 26th (3)Bed.,(2.5)Bth.
#283
649,000.
SAME
595,000. 5/29/09
139
* 363 40th (4)Bed.,(2.5)Bth.
West
925,900.
799,000.
725,000. 5/1/09
533
* 700 Ocean (4)Bed.,(2)Bth. #B-1
1,095,000.
795,000.
733,333.
5/21/09 492
(3) NEW CONSTRUCTION
(4,432,800.) (3,705,900.)
(3,442,973.)
(2,840.)
Average
Original
Average
Reduced
Average Sold
Average Days on
List Price =
$633,257. List Price =
$529,414. Price =
$491,853. Market = 406
- Difference
between ORIGINAL List Price and SOLD Price (22%)
- Difference
between ORIGINAL List Price and REDUCED Price = (16%)
TOTAL AVALON SALE INVENTORY (AS OF 6-6-09) = 436
RESIDENTIAL
228
LOTS/LAND
29
COMMERCIAL
22
MULTI-FAMILY
9
CONDO/TOWNHOUSE
148