OCTOBER-2008-AVALON,NJ:
RESIDENTIAL – UNDER CONTRACT: OCT. 1ST, 2008 TO OCT.
31ST,2008 = (1)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
138 21ST
St(5)Bed.,(5)Bth.
$1,645,000.
SAME
97
RESIDENTIAL – COMPARABLE SALES: OCT. 1ST, 2008
TO OCT. 31ST, 2008=(11)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE
DATE onMkt
680 Third (4)Bed.,(3)Bth.
$1,200,000. $1,100,000.
$999,000.
10/7/08 221
251 36th(5)Bed.,(3)Bth.
1,199,000.
SAME 1,125,000.
10/10/08 70
63 W 29th(4)Bed.,(3.5)Bth.
1,795,000.
1,495,000. 1,375,000.
10/4/08 606
1758 Dune(5)Bed.,(5)Bth.
1,795,000.
1,595,000. 1,465,000. 10/1/08
707
2289
Avalon(5)Bed.,(3.5)Bth.2,199,000.
1,999,000. 1,800,000.
10/31/08 261
23 Pelican(4)Bed.,(2.5)Bth.
2,495,000.
SAME 1,950,000.
10/8/08 88
601 24th(5)Bed.,(2/3)Bth.
2,395,000.
SAME 2,000,000.
10/29/08 287
7389 DUNE(4)Bed.,(4)Bth.
2,395,000.
SAME 2,050,000.
10/1/08 100
4506 Fifth(4)Bed.,(2/2)Bth.
2,950,000.
2,495,000. 2,367,000.
10/2/08 274
178 74th(4)Bed.,(4)Bth.
2,750,000.
2,650,000. 2,600,000.
10/3/08 370
63
Heron(4)Bed.,(3)Bth.
6,500,000.
5,995,000. 5,485,000.
10/31/08 856
(27,673,000.) (25,813,000.)
(23,216,000.)
(3,840)
Average
Original
Average
Reduced
Average Sold
Average Days on
List Price=$2,515,727. List
Price=$2,346,636. Price = $2,110,545. Market =
349
- Difference
between ORIGINAL List Price and SOLD Price = (16%)
- Difference
between ORIGINAL List Price and REDUCED Price = (7%)
LOTS / LAND – UNDER CONTRACT: OCT. 1ST, 2008
TO OCT. 31ST, 2008 = (0)
LOTS / LAND – COMPARABLE SALES: OCT. 1ST, 2008
TO OCT. 31ST, 2008 = (0)
COMMERCIAL – UNDER CONTRACT: OCT. 1ST, 2008 TO
OCT. 31ST, 2008 = (1)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
2513 Dune (Oceanside at
Dune)
$389,900.
SAME
482
COMMERCIAL – COMPARABLE SALES: OCT. 1ST, 2008
TO OCT. 31ST, 2008 = (0)
MULTI-FAMILY – UNDER CONTRACT: OCT. 1ST, 2008 TO
OCT. 31ST, 2008 = (1)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
10 w 15TH ST.(3/3)Bed.,(1/1)Bth.
$1,495,000.
$1,395,000.
204
MULTI-FAMILY – COMPARABLE SALES: OCT. 1ST,
2008 TO OCT. 31ST, 2008 = (0)
CONDO/TOWNHOUSE – UNDER CONTRACT: OCT. 1ST TO
OCT. 31ST, 2008 =(4)
ORIGINAL REDUCED
DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
THE NEW OCEANVIEW CONDOMINIUMS – RENOVATION OF THE AVALON
INN
7929 Dune(1)Bed.,(1)Bth.
#209
$324,990.
Increase-$329,990. 40
7929 Dune(1)Bed.,(1)Bth.
#311
364,990. Increase- 369,990.
50
7929 Dune(1)Bed.,(1)Bth.
#309
349,990. Increase-
374,990.
103
329 39th (4)Bed.,(3.5)Bth. West
1,195,000.
SAME
169
CONDO/TOWNHOUSE – COMPARABLE SALES: OCT. 1ST
TO OCT. 31ST, 2008=(3)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE
DATE onMkt
700 Ocean(3)Bed.,(2.5)Bth.#F-5
$759,900.
$725,000. $677,500.
10/15/08 286
618 22nd(4)Bed.,(4)Bth.
West
1,495,000.
SAME
1,288,000. 10/30/08 73
375 24TH(4)Bed.,(4)Bth.
East
1,595,000.
SAME
1,525,000. 10/6/08
235
(3,849,900.) (3,815,000.)
(3,490,500.)
(594)
Average
Original
Average
Reduced
Average Sold
Average Days on
List Price = $1,283,300. List Price =
$1,271,667. Price = $1,163,500.
Market = 198
- Difference
between ORIGINAL List Price and SOLD Price = (9%)
- Difference
between ORIGINAL List Price and REDUCED Price = (1%)
TOTAL AVALON SALE INVENTRORY (AS OF 11/3/2008) = 434
RESIDENTIAL
222
LOTS /
LAND
23
COMMERCIAL
18
MULTI-FAMILY
10
CONDO /
TOWNHOUSE
161
AVALON, JULY-2008 - TOTAL SALE INVENTORY – 443
AVALON, AUGUST-2008 - TOTAL SALE INVENTORY – 443
AVALON, SEPTEMBER-2008 - TOTAL SALE INVENTORY – 428
NOVEMBER-2008-AVALON,NJ:
RESIDENTIAL – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 =
(1)
ORIGINAL
REDUCED DAYS
ADDRESS
LIST PRICE LIST
PRICE ON MARKET
56 w. 13TH
(4)Bed.,(3)Bth.
$1,390,000.
SAME
82
RESIDENTIAL – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 =
(3)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE
PRICE
DATE onMkt
237 52nd
(3)Bed.,(2)Bth.
$985,000. SAME
$985,000.
11/5/08 57
138 21st(5)Bed.,(5)Bth.
1,645,000.
SAME
1,425,000. 11/19/08 139
133 23rd
(5)Bed.,(4.5)Bth.
1,850,000.
1,695,000. 1,600,000.
11/15/08 642
(4,480,000.)
(4,325,000.)
(4,101,000.)
(838)
Average
Original
Average
Reduced
Average Sold
Average Days
List Price = $1,493,333. List
Price = $1,441,167. Price =
$1,367,000. on Market =279
- Difference
between Original List Price and SOLD Price = (9%)
- Difference
between Original List Price and REDUCED Price = (4%)
LOTS/LAND – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 = (0)
LOTS/LAND – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 =
(0)
COMMERCIAL – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 =
(0)
COMMERCIAL – COMPARABLE SALES: 11/1/2008 TO 11/30/2008 =
(0)
MULTI-FAMILY – UNDER CONTRACT: 11/1/2008 TO 11/30/2008 =
(0)
MULTI-FAMILY – COMPARABLE SALES: 11/1/2008 TO 11/30/2008
= (0)
CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2008 TO 11/30/2008
= (0)
CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2008 TO
11/30/2008 = (6)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE
DATE onMkt
1471
Ocean(4)Bed.,(2)Bth.
$889,000.
$699,000. $650,000.
11/26/08 483
2503 Dune(4)Bed.,(3)Bth.
1,077,500.
SAME
992,500.
11/26/08 227
329 39th(4)Bed.,(3.5)Bth.West
1,195,000.
SAME
995,000. 11/12/08
188
(3,161,500.) (2,971,500.)
(2,637,500.)
(898)
Average
Original
Average
Reduced
Average Sold
Average Days
List Price = $1,053,833. List
Price = $990,500. Price = $879,167.
on Market =299
- Difference
between Original List Price and SOLD Price = (17%)
- Difference
between Original List Price and REDUCED Price = (6%)
TOTAL AVALON SALE INVENTORY (AS OF 12/14/2008) = 424
RESIDENTIAL
214
LOTS/LAND
21
COMMERCIAL
20
MULTI-FAMILY
7
CONDO/TOWNHOUSE
162
COMP SALES – NEW OCEANVIEW CONDOS - RENOVATION OF
AVALON INN:
ORIGINAL
ASKING SOLD
CLOSING DAYS
ADDRESS
LIST PRICE PRICE
PRICE
DATE onMkt
7929 DUNE (1)Bed.,(1)Bth.
#201
$339,900.
SAME $353,671.
11/25/08 138
7929 DUNE (2)Bed.,(1)Bth.
#306
389,990.
SAME
406,735. 11/25/08
179
7929 DUNE (1)Bed.,(1)Bth.
#301
399,990.
SAME
411,815. 11/25/08
146