4TH QUARTER
– AVALON,NJ – 2008 STATISTICS:
RESIDENTIAL:
UNDER
CONTRACT
COMPARABLE SALES
OCTOBER
1
11
NOVEMBER
1
3
DECEMBER
3
5
(5)
(19)
Residential: ORIGINAL List
Price REDUCED List Price SOLD Price
Days onMkt
OCTOBER $
2,515,727.
$ 2,346,636.
$
2,110,545.
349
NOVEMBER 1,493,333.
1,441,167.
1,367,000.
279
DECEMBER 1,490,800.
1,429,800.
1,308,999.
199
(5,499,860.)
(5,217,603.)
(4,786,544.)
(827)
4TH QUARTER
AVERAGES: $ 1,833,287.
$
1,739,201.
$
1,595,515.
276
- Difference
between ORIGINAL List Price and SOLD Price = (13%)
- Difference
between ORIGINAL List Price and REDUCED Price = (5%)
CONDO/TOWNHOUSE:
UNDER
CONTRACT
COMPARABLE SALES
OCTOBER
4
3
NOVEMBER
-0-
6
DECEMBER
4
7
(8)
(16)
Condo/Townhouse: ORIGINAL List
Price REDUCED List Price SOLD
Price DOM
OCTOBER
$
1,283,300.
$ 1,271,667.
$ 1,163,500. 198
NOVEMBER
715,230.
683,563.
634,953.
227
DECEMBER
804,996.
756,996.
713,994. 166
(2,803,526.)
(2,712,226.)
(2,512,447.) (591)
4TH QUARTER
AVERAGES:
$
934,509.
$ 904,407.
$ 837,482. 197
- Difference
between ORIGINAL List Price and SOLD Price = (10%)
- Difference
between ORIGINAL List Price and REDUCED Price = (3%)