4TH QUARTER
– AVALON,NJ-2009 STATISTICS:
RESIDENTIAL:
UNDER CONTRACT
COMPARABLE SALES
OCTOBER
0
13
NOVEMBER
10
11
DECEMBER
3
10
(13)
(34)
ORIGINAL List Price REDUCED
Price SOLD
Price Days on Mkt
OCTOBER
$1,661,000.
$1,491,769.
$1,358,581. 233
NOVEMBER
1,797,364.
1,709,091.
1,558,182. 259
DECEMBER
2,384,700.
2,054,200.
1,896,625. 308
4TH QTR
AVERAGE
($1,947,688.)
(1,751,687.)
(1,604,463.) (267)
- Difference
between ORIGINAL List Price and SOLD Price = (18%)
- Difference
between ORIGINAL List Price and REDUCED Price = (10%)
LOTS/LAND:
UNDER CONTRACT
COMPARABLE SALES
OCTOBER
0
0
NOVEMBER
0
2
DECEMBER
1
0
(1)
(2)
COMMERCIAL:
UNDER CONTRACT COMPARABLE
SALES
OCTOBER
0
0
NOVEMBER
0
0
DECEMBER
0
1
(0)
(1)
MULTI-FAMILY:
UNDER
CONTRACT
COMPARABLE SALES
OCTOBER
0
0
NOVEMBER
0
0
DECEMBER
0
0
CONDO/TOWNHOUSE:
UNDER
CONTRACT
COMPARABLE SALES
OCTOBER
2
8
NOVEMBER
7
5
DECEMBER
4
5
(13)
(18)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
OCTOBER
$800,112.
$722,737.
$686,562.
329
NOVEMBER 874,200.
712,200.
652,300.
378
DECEMBER
889,580.
832,380.
784,500.
152
4TH QTR,
AVERAGE:
($854,631.)
($755,772.)
($707,787.)
(286)
- Difference
between ORIGINAL List Price and SOLD Price = (17%)
- Difference
between ORIGINAL List Price and REDUCED Price = (12%)
2009 – AVALON,NJ: 1ST-2ND-3RD-4TH
QUARTER STATISTICS:
RESIDENTIAL:
Average Original Average
Reduced Average Sold
Average Days on
List
Price
List Price
Price
Market
1ST QTR
$
867,667.
$
779,778.
$ 722,222.
172
2ND QTR
1,609,793.
1,497,817.
1,370,583. 277
3RD QTR
2,233,792.
2,061,755.
1,839,846. 328
4TH QTR
1,947,688.
1,751,687.
1,604,463. 267
2009
AVERAGE $
1,664,735.
$ 1,522,759.
$ 1,384,278.
261
TOTAL RESIDENTIAL UNITS: UNDER
CONTRACT COMPARABLE SALES
1ST
QTR
11
4
2ND
QTR
14
19
3RD
QTR
28
28
4TH
QTR
13
34
TOTALS:
(66)
(85)
TOTAL RESIDENTIAL - NEW CONSTRUCTION SOLD = (14)
LOTS/LAND:
UNDER CONTRACT
COMPARABLE SALES
1ST
QTR
2
0
2ND
QTR
1
1
3RD
QTR
0
1
4TH
QTR
1
2
(4)
(4)
COMMERCIAL:
UNDER CONTRACT
COMPARABLE
SALES
1ST QTR
1
0
2ND
QTR
0
1
3RD QTR
0
1
4TH
QTR
0
1
(1)
(3)
MULTI-FAMILY:
UNDER
CONTRACT
COMPARABLE SALES
1ST
QTR
0
0
2ND
QTR
0
0
3RD
QTR
0
0
4TH
QTR
0
0
CONDO/TOWNHOUSE:
Average Original Average
Reduced Average
Sold Average Days on
List
Price
List Price
Price
Market
1ST QTR $
616,772.
$ 521,966.
$
492,868.
322
2ND
QTR
664,744.
598,796.
560,170.
284
3RD
QTR
813,144.
701,987.
663,860.
321
4TH
QTR
854,631.
755,772.
707,787.
286
2009
AVERAGE $
737,323.
$
644,630.
$
606,171.
303
TOTAL CONDO/TOWNHOUSE UNITS: UNDER CONTRACT
COMPARABLE SALES
1ST
QTR
5
12
2ND
QTR
12 17
3RD
QTR
15
21
4TH
QTR
13
18
TOTALS:
(45)
(68)
TOTAL CONDO/TOWNHOUSE UNITS – NEW CONSTRUCTION SOLD =
(21)
TOATL – 2009 AVALON SALES UNITS = (160)
RESIDENTIAL 85
LOTS/LAND
4
COMMERCIAL
3
MULTI-FAMILY
0
CONDO/TOWNHOUSE 68