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

 

 

2010 – AUGUST – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (8)

                                                              ORIGINAL            REDUCED            DAYS ON

ADDRESS                                           LIST PRICE          LIST PRICE          MARKET

275 19th (3)Bed.,(1.5)Bth.                     $689,000.                    SAME                         13

739 Dune (5)Bed.,(5.5)Bth.                  1,895,000.                1,775,000.                       65

590 24th (5)Bed.,(2.5)Bth.                     1,075,000.                   999,000.                     113

4510 Fifth (4)Bed.,(3)Bth.                     2,399,000.                   SAME                       193

* 258 70th (6)Bed.,(6)Bth.                     2,495,000.                2,395,000.                     224

* 16 E. 13th (5)Bed.,(5.5)Bth.                2,950,000.                2,750,000.                     219

143 25th (4)Bed.,(2)Bth.                        1,100,000.                   990,000.                     364

* 547 42nd (5)Bed.,(5-2)Bth.                  4,495,000.                4,695,000.                    380

(3)NEW CONSTRUCTION

 

 

RESIDENTIAL – COMPARABLE SALES – 8/1/2010 TO 8/31/2010 = (4)

                                                  ORIGINAL     REDUCED     SOLD     CLOSING     DAYS

ADDRESS                                LIST PRICE    PRICE          PRICE        DATE        onMkt

63 W. 23rd (4)Bed.,(2)Bth.        $1,650,000.         SAME        $1,300,000.    8/12/10          89

43 W. 25th (4)Bed.,(2)Bth.          1,395,000.         SAME           1,200,000.    8/9/10           142

488 22nd (3)Bed.,(1)Bth.              1,495,000.      1,395,000.        1,175,000.   8/2/10            293

99 E. 27th (5)Bed.,(5-2)Bth.         6,499,000.      3,900,000.        3,300,000.   8/30/10          940

                                                    (11,039,000.)   (8,340,000.)     (6,975,000.)                    (1,464)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $2,759,750.     List Price = $2,085,000.     Price = $1,743,750.   Market = 366

-         Difference between ORIGINAL List Price and SOLD Price = (37%)

-         Difference between ORIGINAL List Price and REDUCED Price = (25%)

 

LOTS/LAND – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (1)

                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                     LIST PRICE           LIST PRICE         MARKET

538 42nd Street - 59’x 155’              $2,695,000.             $2,295,000.                160

LOTS/LAND – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 8/1/2010 TO 8/31/2010 = (7)

                                                             ORIGINAL            REDUCED            DAYS ON

ADDRESS                                           LIST PRICE          LIST PRICE         MARKET

602 Sunrise (5)Bed.,(3)Bth. #602        $735,000.                     SAME                        9

2322 Dune (3)Bed.,(3)Bth. #2322         649,000.                     SAME                        30

66 E. 20th (2)Bed.,(2)Bth. #205             945,000.                      SAME                       48

7901 Ocean (3)Bed.,(2)Bth. #C-5         500,000.                      SAME                       79

440 20th (3)Bed.,(2)Bth. 1st Fl               475,000.                      438,000.                    137

501 24th (4)Bed.,(4)Bth. East               1,699,000.                  1,525,000.                    208

7901 Ocean (3)Bed.,(2)Bth. #C-1          529,900.                     499,000.                     563

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 8/1/2010 TO 8/31/2010 = (6)

                                                         ORIGINAL     REDUCED     SOLD     CLOSING   DAYS

ADDRESS                                       LIST PRICE     PRICE          PRICE        DATE     onMkt

286 16th (3)Bed.,(2)Bth. #4              $399,000.             SAME          $399,000.     8/14/10      44

3027 Dune (3)Bed.,(3)Bth. #3027     610,000.              SAME           585,000.     8/21/10       67

3023 Dune (3)Bed.,(3)Bth. #3023     610,000.              SAME           585,000.     8/14/10       96

2615 Ocean (4)Bed.,(3)Bth. #2615    729,000.             699,900.         690,000.     8/21/10       149

268 12th (3)Bed.,(2.5)Bth. #268         529,000.             499,000.         420,000.     8/17/10        249

6732 Ocean (3)Bed.,(2)Bth. #6732    740,000.             675,000.         655,000.     8/6/10          430

                                                        (3,617,000.)         (3,492,900.)    (3,334,000.)                (1,035)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $602,833.        List Price = $582,150.         Price = $555,667.     Market = 172

 

TOTAL AVALON SALE INVENTORY (AS OF 9-11-2010) = 408:

RESIDENTIAL                                                           240

LOTS/LAND                                                                 25

COMMERCIAL                                                           17

MULTI-FAMILY                                                         11

CONDO/TOWNHOUSE                                             115

 

                              

2010 – SEPTEMBER – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (8)

                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                        LIST PRICE           LIST PRICE         MARKET

226 54th (3)Bed.,(1.5)Bth.                 $ 997,500.                    SAME                       200

*265 17th (5)Bed.,(5)Bth.                   1,499,000.                1,399,000.                     254

10 E. 10th (5)Bed.,(3)Bth.                   1,999,000.                1,899,000.                     92

4615 Fifth (5)Bed.,(3.5)Bth.               2,300,000.                1,979,000.                     198

23 E. 27th (5)Bed.,(4)Bth.                   3,649,000.                 1,999,950.                  1,493

7528 Sunset Dr. (3)Bed.,(1)Bth.        2,695,000.                  2,395,000.                    356

*257 70th (6)Bed.,(6)Bth.                   2,550,000.                  2,500,000.                    312

157 72nd (5)Bed.,(4.5)Bth.                 3,500,000.                     SAME                       289

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 9/1/2010 TO 9/30/20/10 = (18)

                                                   ORIGINAL     REDUCED      SOLD     CLOSING    DAYS

ADDRESS                                 LIST PRICE     PRICE           PRICE       DATE       onMkt

275 19th(3)Bed.,(1.5)Bth.          $689,000.             SAME           $665,000.    9/15/10            55

179 30th (3)Bed.(1)Bth.               884,000.            839,000.           750,000.    9/3/10             759

223 13th (5)Bed.,(3)Bth.              899,000.              SAME            899,000.    9/18/10           150

590 24th (5)Bed.,(2.5)Bth.         1,075,000.           999,000.           925,000.    9/20/10           158

121 33rd (3)Bed.,(2)Bth.            1,300,000.           999,999.           925,000.    9/10/10           586

38 W. 22nd (4)Bed.,(2)Bth.        1,475,000.           998,000.           937,500.    9/17/10           854

 

244 23rd (4)Bed.,(4)Bth.             1,325,000.         1,249,000.        1,137,500.   9/18/10           159

5050 Dune (4)Bed.,(2.5)Bth.      1,450,000.         1,299,000.        1,150,000.   9/10/10          249

168 33rd (4)Bed.,(3)Bth.              1,395,000.         1,295,000.       1,180,000.   9/10/10          161

176 9th (5)Bed.,(5.5)Bth.             1,795,000.         1,500,000.       1,470,000.   9/10/10          504

739 Dune (5)Bed.,(5.5)Bth.        1,895,000.         1,775,000.       1,635,000.   9/15/10          106

 

5729 Dune (5)Bed.,(4)Bth.         2,300,000.         1,975,000.       1,775,000.   9/7/10             453

4510 Fifth (4)Bed.,(3)Bth.          2,399,000.            SAME          2,150,000.   9/30/10           247

*258 70TH (6)Bed.,(6)Bth.          2,495,000.         2,395,000.       2,250,000.   9/24/10           259

5748 Dune (5)Bed.,(5/2)Bth.      2,550,000.             SAME         2,275,000.   9/7/10             168

*16 E. 13th (5)Bed.,(5.5)Bth.      2,950,000.         2,750,000.       2,635,000.   9/23/10            264

221 65th (5)Bed.,(5/3)Bth.          3,395,000.         3,295,000.       2,815,000.   9/30/10            256                  

(2)NEW CONSTRUCTION

                                                  (30,271,000.)     (27,905,999.)  (25,574,000.)                 (5,388)

Average Original               Average Reduced               Average Sold            Average Days on

List Price= $1,681,722.      List Price = $1,550,333.     Price = $1,420,778.   Market = 299

-         Difference between ORIGINAL List Price and SOLD Price = (16%)

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

 

LOTS/LAND – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (1)

                                                   ORIGINAL     REDUCED     SOLD     CLOSING    DAYS

ADDRESS                                LIST PRICE    PRICE            PRICE        DATE       onMkt

254 29th (4/4)Bed.,(2/2)Bth.      $799,000.            SAME            $725,000.      9/15/10        123

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 9/1/2010 TO 9/30/2010 = (6)

                                                                         ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                      LIST PRICE          LIST PRICE          MARKET

7929 Dune (1)Bed.,(1)Bth. #105                   $339,990.                $364,990.                   181

276 12th (3)Bed.,(2.5)Bth.                                 549,000.                  539,000.                  120

404 21st (5)Bed.,(3)Bth  East                             599,000.                   SAME                   15

277 27th (4)Bed.,(3)Bth. East                             738,500.                  631,500.                  436

6537 Ocean (4)Bed.,(2.5)Bth. North                 896,000.                  699,000.                  938

257 35th (5)Bed.,(3)Bth. West                           825,000.                  725,000.                  190

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 9/1/2010 TO 9/30/2010 = (4)

                                                          ORIGINAL     REDUCED     SOLD    CLOSING   DAYS

ADDRESS                                       LIST PRICE     PRICE          PRICE      DATE       onMkt

7929 Dune (1)Bed.,(1)Bth. #210     $339,990.              SAME        $310,000.    9/16/10       195

295 16th (3)Bed.,(2.5)Bth.                 699,000.              649,000.        350,000.    9/17/10     1,175

602 Sunrise (5)Bed.,(3)Bth. #602     735,000.               SAME          730,000.    9/30/10         59

*493 21st (4)Bed.,(4.5)Bth. West      775,000.               SAME          770,000.    9/10/10         71

(1)NEW CONSTRUCTION

                                                      (2,548,990.)            (2,498,990.)  (2,160,000.)           (1,500.)

Average Original               Average Reduced               Average Sold            Average Days on

List Price = $637,247.        List Price = $624,747.        Price = $540,000.     Market = 375

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

-         Difference between ORIGINAL List Price and REDUCED Price = (2%)

 

TOTAL AVALON SALE INVENTORY (AS OF 10-2-2010) = 390

RESIDENTIAL                                                   227

LOTS/LAND                                                       24

COMMERCIAL                                                 17

MULTI-FAMILY                                               10

CONDO/TOWNHOUSE                                   112