JANUARY, 2008 – AVALON,
NJ.
RESIDENTIAL – UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (4)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
548 21st St.(3)Bed.,(1)Bth. $ 767,500. $595,000. 361
282 19th St.(4)Bed.,(2)Bth. 1,050,000. 975,000. 153
99 W 23rd St.(5)Bed.,(3.5)Bth. 2,190,000. SAME 164
35 Flamingo(5)Bed.,(5/2)Bth. 5,500,000. 3,950,000. 427
RESIDENTIAL – COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (7)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE LIST PRICE PRICE DATE onMkt
308 76th St.(2)Bed.,(2)Bth. $ 1,590,000. SAME $ 457,000. 1/7/08 475
169 37th St.(5)Bed.,(2.5)Bth. 1,475,000. 1,399,000. 1,215,000. 1/11/08 344
668 Dune Dr.(4)Bed.,(4)Bth. 2,395,000. 1,689,000. 1,550,000. 1/16/08 336
225 57th St.(4)Bed.,(2)Bth. 1,795,000. SAME 1,600,000. 1/24/08 161
1269 First Av(5)Bed.,(4/2)Bth. 2,295,000. 1,799,000. 1,690,000. 1/16/08 379
36 W 32ndSt.(5)Bed.,(3)Bth. 1,850,000. SAME 1,700,000. 1/26/08 24
4725 Fourth (5)Bed.,(2)Bth. 2,575,000. SAME 2,200,000. 1/15/08 467
($13,975,000.) ($12,697,000.) ($10,412,000.) (2183)
Average Original Average Reduced Average SOLD Days on
List Price = $1,996,429. List Price = $1,813,857. Price = $1,487,429. Mkt. =312
- Difference between Original List Price and SOLD PRICE = (26%)
- Difference between Original List Price and REDUCED PRICE = (9%)
LOTS / LAND – UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (0)
LOTS / LAND – COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE LIST PRICE PRICE DATE onMkt
308 76TH ST – 30’X 110’ LOT. $525,000. SAME $443,000. 1/7/08 43
COMMERCIAL – UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (0)
COMMERCIAL – COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (0)
MULTI-FAMILY – UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (0)
MULTI-FAMILY – COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (0)
CONDO/TOWNHOUSE – UNDER CONTRACT: 1/1/2008 TO 1/31/2008 = (2)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
700 Ocean Dr.(3)Bed.,(2.5)Bth. B-3 $997,000. $899,000. 310
6448 Ocean Dr.(5)Bed.,(4)Bth. South 1,289,000. SAME 1
CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2008 TO 1/31/2008 = (0)
TOTAL – AVALON SALE INVENTORY (AS OF 2/24/2008):
RESIDENTIAL 219
LOTS / LAND 17
COMMERCIAL / INDUSTRIAL 11
MULTI-FAMILY 10
CONDO/TOWNHOUSE 140
TOTAL SALE INVENTORY = 397
FEBRUARY, 2008 – AVALON, NJ:
RESIDENTIAL – UNDER CONTRACT: 2/1/2008 TO 2/29/2008 = (12)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
265 17th St(2)Bed.,(1)Bth. $779,000. SAME 21
275 15th St(3)Bed.,(2.5)Bth. 999,900. 890,000. 145
225 55th St(3)Bed.,(1)Bth. 1,199,000. 1,149,000. 313
222 14th St(4)Bed.,(2)Bth. 1,425,000. 1,199,000. 379
238 77th St(3)Bed.,(1.5)Bth. 1,459,000. 1,275,000. 267
264 7th St(4)Bed.,(4)Bth. 1,750,000. 1,299,000. 845
65 W. 18th St(5)Bed.,(3)Bth. 1,695,000. 1,450,000. 400
7688 Dune Dr(6)Bed.,(4)Bth. 2,300,000. 1,595,000. 503
1758 Dune Dr(5)Bed.,(5)Bth. 1,795,000. 1,595,000. 486
4606 Fifth Av(5)Bed.,(2.5)Bth. 3,495,000. 2,495,000. 215
184 70th St(5)Bed.,(2)Bth. 2,950,000. 2,850,000. 224
84 E. 16th St(4)Bed.,(4)Bth. 4,295,000. 3,990,000. 187
RESIDENTIAL – COMPARABLE SALES: 2/1/2008 TO 2/29/2008 = (10)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
548 21st St(3)Bed.,(1)Bth. $767,500. $595,000. $560,000. 2/27/08 400
243 36th St(3)Bed.,(1)Bth. 1,100,000. 950,000. 775,000. 2/26/08 444
282 19th St(4)Bed.,(2)Bth. 1,050,000. 975,000. 865,000. 2/29/08 192
245 38th St(3)Bed.,(2)Bth. 1,095,000. 999,999. 929,000. 2/28/08 238
1558 Dune(5)Bed.,(5)Bth. 1,895,000. 1,495,000. 1,450,000. 2/14/08 834
275 18th St(5)Bed.,(5)Bth. 2,095,000. 1,625,000. 1,500,000. 2/29/08 819
7589 Ocean(6)Bed.,(5.5)Bth. 2,895,000. 2,495,000. 1,950,000. 2/9/08 659
495 24th St(6)Bed.,(4)Bth. 2,950,000. 2,475,000. 2,237,500. 2/29/08 1540
312 75th St(5)Bed.,(5.5)Bth. 3,500,000. 2,495,000. 2,400,000. 2/15/08 928
*192 62nd St(5)Bed.,(4.5)Bth. 3,250,000. SAME 3,200,000. 2/19/08 6
(*) NEW CONSTRUCTION = 1
($20,597,500.) ($17,354,999.) ($15,866,500.) (6060)
Average Original Average Reduced Average Sold Average Days
List Price = $2,060,356. List Price = $1,735,500. Price = $1,586,650. on Mkt = 606
- Difference between ORIGINAL List Price and SOLD PRICE = (23%)
- Difference between ORIGINAL List Price and REDUCED Price = (16%)
LOTS / LAND – UNDER CONTRACT: 2/1/2009 TO 2/29/2008 = (0)
LOTS / LAND – COMPARABLE SALES: 2/1/2008 TO 2/29/2008 = (4)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
118 22nd St. 78’x110’ Lot $750,000. SAME $750,000. 2/26/08 9
124 22nd St 78’x110’ Lot $950,000. SAME $950,000. 2/26/08 9
310 76th St 60’x110’ Lot $1,070,000. SAME $950,000. 2/29/08 79
165 60th St 60’x110’ Lot $3,950,000. SAME $3,750,000. 2/15/08 36
($6,720,000.) ($6,720,000.) ($6,400,000.) (133)
Average Original Average Reduced Average Sold Average Days
List Price = $1,680,000. List Price = $1,680,000. Price = $1,600,000. on Mkt = 33
- Difference between ORIGINAL List Price and SOLD PRICE = (5%)
- No difference between Original List Price and Reduced Price.
COMMERCIAL – UNDER CONTRACT: 2/1/2008 TO 2/29/2008 = (0)
COMMERCIAL – COMPARABLE SALES: 2/1/2008 TO 2/29/2008 = (0)
MULTI-FAMILY – UNDER CONTRACT: 2/1/2008 TO 2/29/2008 = (0)
MULTI-FAMILY – COMPARABLE SALES: 2/1/2008 TO 2/29/2008 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
697 21st St(3/3)Bed.,(2/2)Bth. $815,000. SAME $750,000. 2/24/08 106
CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1//2008 TO 2/29/2008 = (5)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE LIST PRICE MARKET
242 29th St(4)Bed.,(2.5)Bth. East $669,000. SAME 106
280 28th St(4)Bed.,(2)Bth. North $834,000. $699,000. 322
226 24th St(5)Bed.,(2.5)Bth. West $949,000. $699,000. 831
6890 Ocean Dr(4)Bed.,(3)Bth. North $1,080,000. SAME 58
329 39th St(4)Bed.,(3.5)Bth. West $1,695,000. $1,199,000. 1156
CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/2008 TO 2/29/2008 = (1)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
214 25th St(5)Bed.,(3)Bth. West $985,000. $850,000. $775,000. 2/26/08 461
- Difference between Original List Price and SOLD PRICE = (21%)
- Difference between Original List Price and REDUCED Price = (14%)
TOTAL AVALON SALE INVENTORY (AS OF 3/9/2008) = (392):
RESIDENTIAL 220
LOTS/LAND 16
COMMERCIAL 9
MULTI-FAMILY 10
CONDO/TOWNHOUSE 137
MARCH, 2008 – AVALON, NJ:
RESIDENTIAL – UNDER CONTRACT: MAR. 1ST TO MAR. 31ST – 2008 =(10)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE PRICE MARKET
238 36th (3)Bed.,(2)Bth. 60’x 110’ $849,000. 875,000. 340
181 7th (3)Bed.,(2.5)Bth. 50’x 110’ 1,299,900. 995,000. 296
246 35th (4)Bed.,(3)Bth. 70’x 110’ 1,149,000. 1,000,000. 181
169 18th (6)Bed.,(4)Bth. 50’x 110’ 1,350,000. SAME 4
225 60th (4)Bed.,(3)Bth. 60’x 110’ 1,599,000. SAME 40
238 47th (5)Bed.,(4)Bth. 60’x 110’ 1,715,000. SAME 69
669 24th (5)Bed.,(2)Bth. 80’x 130’ 3,500,000. 2,800,000. 292
* 274 65th (5)Bed.,(4/2)Bth. 60’x 110’ 3,295,000. 2,995,000. 221
* 312 58th (5)Bed. (5/2)Bth. 65’x 130’ 3,695,000. 2,995,000. 715
94 E. 14th (4)Bed.,(4/2)Bth. 50’x 110’ 5,395,000 . 4,695,000. 307
(2) NEW CONSTRUCTION
RESIDENTIAL – COMPARABLE SALES: MAR. 1ST TO MAR. 31ST – 2008 = (8)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
275 15th (3)Bed.,(2.5)Bth. 50’x110’ $999,999. $890,000. $850,000. 3/28/08 147
225 55th (3)Bed.,(1)Bth. 60’x 110’ 1,199,000. 1,149,000. 950,000. 3/15/08 352
151 29th (4)Bed.,(2)Bth. 50’x110’ 1,025,000. 975,000. 951,000. 3/31/08 222
222 14th (4)Bed.,(2)Bth. 50’x110’ 1,425,000. 1,199,000. 1,050,000. 3/14/08 401
238 77th (3)Bed.,(1.5)Bth. 60’x110’ 1,459,000. 1,275,000. 1,225,000. 3/28/08 313
7688Dune (6)Bed.(4)Bth. 60’x110’ 2,300,000. 1,650,000. 1,460,000. 3/15/08 440
99W.23rd (5)Bed(3.5)Bth. 60’x110’ 2,190,000. SAME 1,912,500. 3/4/08 214
120 40th (5)Bed.,(3)Bth. 100’x110’ 4,975,000. 4,750,000. 4,200,000. 3/21/08 397
( 15,572,999.) (14,078,000.) (12,598,500.) (2,486)
Average Original Average Reduced Average SOLD Average Days
List Price = $1,946,625. List Price = $1,759,750. Price = $1,574,812. on Mkt = 311
- Difference between ORIGINAL List Price and SOLD PRICE = (19%)
- Difference between ORIGINAL List Price and REDUCED Price = (10%)
LOTS / LAND – UNDER CONTRACT: MAR. 1ST TO MAR. 31ST – 2008 = (0)
LOTS / LAND – COMPARABLE SALES: MAR. 1ST TO MAR 31ST – 2008 = (0)
COMMERCIAL – UNDER CONTRACT: MAR. 1ST TO MAR. 31ST – 2008 = (0)
COMMERCIAL – COMPARABLE SALES: MAR. 1ST TO MAR. 31ST – 2008 = (0)
MULTI-FAMILY – UNDER CONTRACT: MAR 1ST TO MAR. 31ST – 2008 = (0)
MULTI-FAMILY – COMPARABLE SALES: MAR. 1ST TO MAR. 31ST – 2008 = (0)
CONDO/TOWNHOUSE – UNDER CONTRACT: MAR. 1ST TO MAR. 31ST – 2008 = (2)
ORIGINAL REDUCED DAYS ON
ADDRESS LIST PRICE PRICE MARKET
234 21ST (2)Bed.,(2)Bth. #101 $ 492,000. $449,000. 71
214 27th (5)Bed.,(3.5)Bth. East 950,000. 775,000. 452
CONDO/TOWNHOUSE – COMPARABLE SALES: MAR. 1ST TO MAR. 31ST – 2008 = (5)
ORIGINAL REDUCED SOLD CLOSING DAYS
ADDRESS LIST PRICE PRICE PRICE DATE onMkt
* 700 Ocean (3)Bed.,(2.5)Bth. #B-3 $997,000. $899,000. $775,000. 3/20/08 378
231 35th (4)Bed.,(2.5)Bth. East 1,095,000. 995,000. 965,000. 3/27/08 450
6448 Ocean (5)Bed.,(4)bth. South 1,319,000. 1,289,000. 1,187,000. 3/14/08 211
607 Sunrise (4)Bed.,(4)Bth. East 1,995,000. 1,650,000. 1,500,000. 3/3/08 146
609 Sunrise (4)Bed.,(4)Bth. West 1,995,000. 1,650,000. 1,387,500. 3/3/08 146
(7,401,000.) (6,483,000.) (5,814,500.) (1,331)
Average Original Average Reduced Average Sold Average Days
List Price = $1,480,200. List Price = $1,296,600. Price = $1,162,900. on Mkt = 266
- Difference between ORIGINAL List Price and SOLD Price = (22%)
- Difference between ORIGINAL List Price and REDUCED Price = (13%)
TOTAL AVALON SALE INVENTORY (AS OF 4/7/08) = 399
RESIDENTIAL 218
LOTS / LAND 19
COMMERCIAL 11
MULTI-FAMILY 11
CONDO/TOWNHOUSE 140 TOTAL = (399)