2011 – APRIL – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (5)

                                                                              ORIGINAL            REDUCED          DAYS ON

ADDRESS                                                             LIST PRICE           LIST PRICE         MARKET

559 22nd (3)Bed.,(1)Bth                                    $549,000.             $524,900.             210

124 10th (4)Bed.,(2)Bth.                                   1,050,000.                  SAME               520

*166 31st (5)Bed.,(5)Bth.                                 1,595,000.            1,499,000.             108

249 76th (6)Bed.,(5.5)Bth.                               1,895,000.            1,695,000.              433

150 39th (5)Bed.,(4.5)Bth.                               2,250,000.                   SAME                55

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (12)

                                                       ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                      LIST PRICE        PRICE             PRICE           DATE           onMKT

282 18th (3)Bed.,(2)Bth              $825,000.          SAME           $750,000.     4/9/11          244

286 45th (4)Bed.,(2.5)Bth.            975,000.       $799,000.         771,500.     4/20/11        265

*455 21st (4)Bed.,(4.5)Bth.          975,000.          899,000.         830,000.     4/7/11          247

214 54th (6)Bed.,(2.5)Bth.            895,000.           SAME             880,000.     4/8/11          106

249 77th (3)Bed.,(1)Bth.                950,000.          SAME              950,000.     4/23/11       1

759 Third (6)Bed.,(4)Bth.           1,195,000.          SAME           1,175,000.    4/18/11        101

138 26th (5)Bed.,(4)Bth.              1,325,000.          SAME           1,300,018.    4/20/11        38

158 30th (6)Bed.,(5)Bth.              2,000,000.      1,795,000.       1,750,000.    4/29/11        563

*25 W. 17th (6)Bed.,(6)Bth.        1,895,000.           SAME           1,825,000.    4/29/11        115

46 w. 9th (5)Bed.,(2.5)Bth.          2,950,000.       2,725,000.       2,500,000.    4/15/11        235

90 E. 11th (4)Bed.,(3)Bth.            3,250,000.            SAME           2,950,000.    4/16/11        42

*6212 Dune (6)Bed.,(5/3)Bth.   3,395,000.            SAME           3,035,000.    4/8/11          210

(3)NEW CONSTRUCTION

                                                      (20,630,000.)   (19,948,000.)  (18,716,518.)                    (2,167)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,719,167.    List Price = $1,662,333.     Price = $1,559,710.     Market = 180

-          -          Difference between ORIGINAL List Price and SOLD Price = (9%)

-          -          Difference between ORIGINAL List Price and REDUCED List Price = (3%)

 

LOTS/LAND – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (1)

                                                                                ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                               LIST PRICE              LIST PRICE              MARKET

249 64TH (60’X 110’) Lot                                      $1,595,000.           $1,495,000.                  653

 

LOTS/LAND – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

MULTI-FAMILY – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (0)

MULTI-FAMILY – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 4/1/2011 TO 4/30/2011 = (6)

                                                                               ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                              LITS PRICE              LIST PRICE              MARKET

1318 Ocean (3)Bed.,(2)Bth. #D-9                     $635,000.                   SAME                       55

*2172 Dune (3)Bed.,(3)Bth. #2172                     750,000.                699,000.                     443

234 33rd St. (5)Bed.,(3)Bth. West                         859,000.               759,000.                      334

3389 Ocean (5)Bed.,(3)Bth. East                          849,000.                  SAME                        85

66 E. 20th (2)Bed.,(2)Bth. #204                          1,175,000.                  SAME                        213

700 22nd (5)Bed.,(4)Bth. #700                            1,325,000.                  SAME                        61

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 4/1/2011 TO 4/30/2011 = (6)

                                                                    ORIGINAL        REDUCED        SOLD        CLOSING       DAYS

ADDRESS                                                  LIST PRICE         PRICE              PRICE          DATE          onMkt

281 13th (3)Bed.,(2.5)Bth. #281            $479,000.         SAME             $455,000.    4/30/11        68

2103 Ocean (3)Bed.,(2.5)Bth. #2103     535,000.         SAME                529,000.    4/16/11        88

6579 Ocean (3)Bed.,(2)Bth. #C-A            550,000.        SAME                535,000.    4/15/11        78

266 33rd (4)Bed.,(3)Bth. East                    699,000.        SAME                699,000.    4/2/11          53

408 24th (5)Bed.,(4)Bth. East                  1,349,000.     799,900.            775,000.     4/20/11    2,028

*2535 Dune (4)Bed.,(3)Bth. #2535           849,000.       SAME               795,000.     4/30/11       150

(1)NEW CONSTRUCTION

                                                                   (4,461,000.)   (3,911,900.)    (3,788,000.)                (2,465)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $743,500.        List Price = $651,983.        Price = $631,333.        Market = 411

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

-          -          Difference between ORIGINAL List Price and REDUCED Price = (12%)

 

TOTAL AVALON SALE INVENTORY (AS OF 5/3/2011) = 360:

RESIDENTIAL                                        192

LOTS/LAND                                             27

COMMERCIAL                                         17

MULTI-FAMILY                                        7

CONDO/TOWNHOUSE                          117

 

2011 – MAY – AVALON, NJ:

 

RESIDENTIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (6)

                                                                                     ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                                    LIST PRICE         LIST PRICE         MARKET

148 21st (5)Bed.,(2)Bth.                                           $749,000.             SAME                     65

246 42nd (4)Bed.,(3)Bth.                                          1,295,000.          995,000.                  90

273 75th (6)Bed.,(2.5)Bth.                                       1,299,000.             SAME                    285

11 Heron (4)Bed.,(3.5)Bth.                                      3,495,000.       2,999,999.                 604

7568 Sunset (4)Bed.,(3)Bth.                                    4,250,000.            SAME                     1

7578 Sunset (6)Bed.,(5)Bth.                                    4,995,000.        4,250,000.                 476

 

RESIDENTIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (9)

                                                         ORIGINAL          REDUCED          SOLD          CLOSING        DAYS

ADDRESS                                         LIST PRICE         PRICE                PRICE          DATE             onMkt

389 21st (3)Bed.,(1)Bth.               $ 749,000.        $ 469,000.       $ 410,000.    5/6/11          1,356

559 22nd (3)Bed.,(1)Bth.                  549,000.           524,900.          490,000.    5/28/11        249

1619 First (3)Bed.,(2)Bth.                799,000.             SAME             799,000.    5/24/11        21

226 43rd (3)Bed.,(2.5)Bth.                999,999.           925,000.          900,000.    5/27/11        215

273 76th (3)Bed.,(1.5)Bth.              1,195,000.             SAME            990,000.    5/27/11        85

161 8th (4)Bed.,(3.5)Bth.                 1,450,000.            SAME         1,360,000.    5/3/11           77

26 E. 24th (4)Bed.,(3)Bth.                1,879,000.       1,695,000.      1,585,000.    5/18/11         385

150 39th (5)Bed.,(4.5)Bth.               2,250,000.             SAME        2,116,666.     5/16/11        101

140 77th (5)Bed.,(4.5)Bth.               3,495,000.       3,295,000.      2,762,500.     5/31/11        279

                                                       (13,365,999.)    (12,602,900.)   (11,413,166.)                   (2,768)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,485,111.     List Price = $1,400,322.    Price = $1,268,129.    Market = 307

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

-          -          Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

LOTS/LAND – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

LOTS/LAND – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

                                                   ORIGINAL          REDUCED          SOLD          CLOSING        DAYS

ADDRESS                                   LIST PRICE         PRICE                PRICE              DATE         onMkt

249 64th (60’x110”)                 $1,595,000.       $1,495,000.   $1,300,000.      5/27/11      694

-          -          Difference between ORIGINAL List Price and SOLD Price = (19%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (6%)

 

COMMERCIAL – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (1)

                                                                                   ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                  LIST PRICE              LIST PRICE              MARKET

3101 Dune #202 (Diller & Fisher Plaza)               $175,000.              $79,900.                     1,828

 

COMMERCIAL – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (1)

                                                                       ORIGINAL        REDUCED        SOLD        CLOSING     DAYS

ADDRESS                                                      LIST PRICE          PRICE           PRICE              DATE    onMkt

3101 Dune #201) Diller & Fisher Plaza)  $125,000.         $79,900.       $65,000.         5/28/11    592

-          -          Difference between ORIGINAL List Price and SOLD Price = (48%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (36%)

 

MULTI-FAMILY – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (0)

MULTI-FAMILY – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: MAY 1, 2011 TO MAY 31, 2011 = (3)

                                                                                              ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                             LIST PRICE            LIST PRICE         MARKET

1668-1688 Ocean (3)Bed.,(2)Bth. #B-1                         $649,000.              $629,000.              250

*2527 Dune (4)Bed.,(3)Bth. #2527                                   779,000.                 SAME                  169

296 65th (5)Bed.,(3.5)Bth. West                                        839,000.                799,999.              188

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: MAY 1, 2011 TO MAY 31, 2011 = (14)

                                                                       ORIGINAL        REDUCED        SOLD        CLOSING     DAYS

ADDRESS                                                      LIST PRICE        PRICE              PRICE           DATE      onMkt

287 14th (3)Bed.,(2.5)Bth.                         $ 639,900.       $ 472,770.      $ 462,000.    5/31/11     676

55 W. 32nd (3)Bed.,(2)Bth. #4(2-B)             559,000.          539,000.          541,000.    5/25/11       81

1318 Ocean (3)Bee.,(2)Bth. #D-9                635,000.            SAME             590,000.    5/13/11       91

*2172 Dune (3)Bed.,(3)Bth. #2172             750,000.          699,000.          665,000.    5/6/11        483

234 33rd (5)Bed., (3)Bth. West                     859,000.          759,000.          700,000.    5/6/11       368

259 28th (4)Bee.,(3)Bth. East                        749,900.          724,900.          712,500.    5/6/11       287

*2531 Dune (40Bed.,(3)Bth. #2531            779,000.            SAME              715,000.    5/20/11    170

224 27th (4)Bed.,(3)Bth. West                      739,000.            SAME              740,000.    5/3/11       42

3389 Ocean (5)Bede.,(3)Bth. East               849,000.            SAME              800,000.    5/9/11       126

*252 29th (5)Bed.,(3.5)Bth. East                  849,000.             SAME             825,000.    5/27/11     252

746 21st (2)Bed.,(3.5)Bth. East-Bay             995,000.             SAME             915,000.    5/11/11    103

66 E. 20th (2)Bed.,(2)Bth. #204                 1,175,000.             SAME             999,990.    5/7/11       246

499 24th (5)Bed.,(4)Bth. West-Bay           1,325,000.             SAME          1,200,000.    5/6/11      109

700 22nd (5)Bed.,(4)Bth. East-Bay            1,325,000.             SAME           1,215,000.    5/23/11    89

(3)NEW CONSTRUCTION

                                                                 (12,228,800.)     (11,865,670.)     (10,883,490.)            (3,123)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $873,485.       List Price = $847,548.         Price = $777,392.        Market = 223

-          -          Difference between ORIGINAL List Price and SOLD Price = (11%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (3%)

 

 

 

TOTAL AVALON SALE INVENTORY (AS OF 6-17-2011) = 362

RESIDENTIAL                                         206

LOTS/LAND                                            25

COMMERCIAL                                        15

MULTI-FAMILY                                       6

CONDO/TOWNHOUSE                         110

 

 

2011 – JUNE – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (3)

                                                                                              ORIGINAL               REDUCED          DAYS ON

ADDRESS                                                                            LIST PRICE               LIST PRICE         MARKET

131 17th (3)Bed.,(1.5)Bth.                                                $ 799,000.                  SAME                10

141 20th (3)Bed.,(1.5)Bth.                                                 1,195,000.              $ 850,000.           422

1389 First Ave (4)Bed.,(2)Bth.                                             995,000.                  SAME               402

 

RESIDENTIAL – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (11)

                                                                 ORIGINAL        REDUCED        SOLD        CLOSING       DAYS

ADDRESS                                                LIST PRICE        PRICE              PRICE           DATE         onMkt

74 W. 24th (3)Bed.,(1.5)Bth.               $1,299,900.     $1,099,000.    $800,000.    6/3/11        359

1564 Avalon (3)Bed.,(1)Bth.                 1,299,000.           999,000.      850,000.    6/10/11    1,079

274 47th (5)Bed.,(2)Bth.                            950,000.            SAME          912,000.    6/16/11       113

246 42nd (4)Bed.,(3)Bth.                         1,295,000.           995,000.     937,500.    6/17/11       114

2868 Ocean (4)Bed.,(3)Bth.                   1,260,000.           999,000.     960,000.    6/30/11       315

273 75th (6)Bed.,(2.5)Bth.                      1,299,000.             SAME      1,110,000.    6/18/11      320

*166 31st (5)Bed.,(5)Bth.                        1,595,000.       1,499,000.    1,470,000.   6/10/11      158

249 76th (6)Bed.,(5.5)Bth.                      1,895,000.        1,695,000.   1,655,000.    6/3/11        483

654 7th (4)Bed.,(2.5)Bth.                        2,350,000.              SAME      1,900,000.   6/24/11       84

7568 Sunset (4)Bed.,(3)Bth.                  4,250,000.              SAME      3,862,500.   6/27/11       38

7578 Sunset (6)Bed.,(5)Bth.                  4,995,000.        4,250,000.    3,862,500.   6/27/11      515

(1)NEW CONSTRUCTION

                                                              (22,487,900.)      (20,385,000.) (18,319,500.)              (3,578.)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $2,044,354.    List Price = $1,853,182.     Price = $1,665,409.      Market = 325

-          -          Difference between ORIGINAL List Price and SOLD Price = (19%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (11%)

 

LOTS/LAND – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

LOTS/LAND – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (1)

                                                                            ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                           LIST PRICE              LIST PRICE               MARKET

234 32ND (4/4)Bed.,(2/2)Bth.                         $1,375,000.               SAME                         376

 

MULTI-FAMILY – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 6/1/2011 TO 6/30/2011 = (6)

                                                                              ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                             LIST PRICE              LIST PRICE              MARKET

301 80th (3)Bed.,(2)Bth. #20                             $449,000.                 SAME                       20

6669 Ocean (4)Bed.,(2)Bth. South                     749,000.               699,000.                    157

312 79th (4)Bed.,(3)Bth. #312                             779,000.                  SAME                       147

*2507 Dune (4)Bed.,(3)Bth. #2507                    849,000.                  SAME                       199

*3287 Ocean (5)Bed.,(3.5)Bth. East                   949,000.                  SAME                       128

6446 Ocean Dr. (5)Bed.,(4)Bth. North             1,099,000.                 SAME                       164

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 6/1/2011 TO 6/30/2011 = (6)

                                                                        ORIGINAL        REDUCED        SOLD        CLOSING    DAYS

ADDRESS                                                       LIST PRICE           PRICE           PRICE          DATE      onMkt

153 38th (3)Bed.,(1)Bth. #153                    $1,195,000.      $699,000.      $475,000.    6/30/11  1,875

2485 Ocean (4)Bed.,(3.5)Bth. West               725,000.          SAME            645,000.    6/17/11   128

*2527 Dune (4)Bed.,(3)Bth. #2527                779,000.          SAME            725,000.    6/18/11    199

295 65th (50Bed.,(3.5)Bth. West                     839,000.        799,999.         765,000.    6/18/11    228

*6594 Ocean (5)Bed.,(3.5)Bth. #6594           949,000.          SAME            895,000.    6/30/11     178

*613 Sunrise (5)Bed.,(4)Bth. West              1,395,000.         SAME          1,350,000.    6/27/11     27

(3)NEW CONSTRUCTION

                                                                      (5,882,000.)      (5,346,999.)   (4,855,000.)              (2,635)

Average Original               Average Reduced               Average SOLD               Average Days on

List Price = $980,333.        List Price= $891,166.         Price = $809,167.         Market = 439

-          -          Difference between ORIGINAL List Price and SOLD Price = (18%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (9%)

 

TOTAL AVALON SALE INVENTORY (AS OF JULY 14, 2011) = 357

RESIDENTIAL                                                     210

LOTS/LAND                                                        28

COMMERCIAL                                                    9

MULTI-FAMILY                                                   6

CONDO/TOWNHOUSE                                    104