3RD QUARTER
– AVALON,NJ -2010 STATISTICS:
RESIDENTIAL UNDER CONTRACT COMPARABLE SALES
JULY 11 2
AUGUST 8
4
SEPTEMBER 8
18
(27) (24)
ORIGINAL List Price REDUCED Price SOLD Price DAYS on
Mkt
JULY
$ 1,322,500. $ 1,289,500. $ 1,241,250. 123
AUGUST
2,759,750.
2,085,000.
1,743,750. 366
SEPTEMBER
1,681,722.
1,550,333. 1,420,778. 299
($5,763,972.) ($4,924,833.) ($4,405,778.) (788)
3RD QTR
AVERAGE $
1,921,324. $
1,641,611. $
1,468,593. 263
-
Difference between ORIGINAL List Price and SOLD
Price = (24%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (15%)
-
3RD QTR RESIDENTIAL – NEW CONSTRUCTION – UNDER
CONTRACT = (4)
3RD QTR RESIDENTIAL – NEW CONSTRUCTION –
COMPARABLE SALES = (3)
LOTS/LAND UNDER CONTRACT COMPARABLE SALES
JULY 0
1
AUGUST 1 0
SEPTEMBER 0
0
(1)
(1)
COMMERCIAL UNDER CONTRACT COMPARABLE SALES
JULY 0
0
AUGUST 0
0
SEPTEMBER 0
0
MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES
JULY 0 0
AUGUST 0
0
SEPTEMBER 0
1
(1)
CONDO/TOWNHOUSE
UNDER CONTRACT
COMPARABLE SALES
JULY 6 3
AUGUST 7
6
SEPTEMBER 6 4
(19) (13)
ORIGINAL List Price REDUCED
Price SOLD Price DAYS on Mkt
JULY
$ 704,667. $ 649,300. $ 603,333. 263
AUGUST
602,833.
582,150.
555,667. 172
SEPTEMBER
637,247.
624,747. 540,000. 375
($ 1,944,747.) ($ 1,856,197.) ($ 1,699,000.) (810)
3RD QTR
AVERAGE
$ 648,249.
$ 618,732. $ 566,333. 270
-
Difference between ORIGINAL List Price and SOLD
Price = (13%)
-
Difference between ORIGINAL List Price and REDUCED
Price = (5%)
3RD QTR NEW CONSTRUCTION – CONDO/TOWNHOUSE –
UNDER CONTRACT = 1
3RD QTR NEW CONSTRUCTION – CONDO/TOWNHOUSE –
Comparable Sales = 1
1ST-2ND-3RD
QTR – 2010 – AVALON,NJ STATISTICS
RESIDENTIAL UNDER CONTRACT COMPARABLE SALES
1ST QTR 14
17
2ND QTR 10
17
3RD QTR 27
24
TOTALS: (51) (58)
RESIDENTIAL
AVERAGE: ORIGINAL
List Price REDUCED List Price SOLD Price Days on Mkt
1ST QTR $ 1,543,767. $ 1,471,667. $ 1,359,583. 163
2ND QTR 1,891,186. 1,765,880. 1,592,240. 309
3RD QTR 1,921,324. 1,641,611. 1,468,593. 263
RESIDENTIAL – GROSS DOLLARS SOLD
1ST QTR = $ 24, 765,000.
2ND QTR = $ 28,999,666.
3RD
QTR = $ 35,031,500.
RESIDENTIAL
NEW CONSTRUCTION UNDER CONTRACT
COMPARABLE SALES
1ST QTR 1 1
2ND QTR 0 1
3RD QTR 4 3
LOTS/LAND UNDER CONTRACT COMPARABLE SALES
1ST QTR 2
1
2ND QTR 0 3
3RD QTR 1
1
COMMERCIAL UNDER CONTRACT COMPARABLE SALES
1ST QTR 0
0
2ND QTR 0
0
3RD QTR 0 0
MULTI-FAMILY UNDER CONTRACT COMPARABLE SALES
1ST QTR 0 0
2ND QTR 1
0
3RD QTR 0
1
CONDO/TOWNHOUSE
UNDER CONTRACT
COMPARABLE SALES
1ST QTR 11
10
2ND QTR 13 16
3RD QTR 19
13
TOTALS: (43) (39)
CONDO/TOWNHOUSE
AVERAGE:
ORIGINAL List Price REDUCED
Price SOLD Price DAYS on Mkt
1ST QTR $ 904,905. $ 754,714. $ 664,881. 543
2ND QTR 679,353.
667,788. 624,535. 152
3RD QTR 648,249. 618,732. 566,333. 270
CONDO/TOWNHOUSE – GROSS DOLLARS SOLD
1ST QTR = $ 7,627,500.
2ND QTR = $ 9,975,000.
3RD QTR = $ 7,304,000.
CONDO/TOWNHOUSE
NEW CONSTRUCTION UNDER CONTRACT COMPARABLE SALES
1ST QTR 3
1
2ND QTR
0
1
3RD QTR 1
1
END