2011 – JANUARY – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (8)

                                                                          ORIGINAL              REDUCED              DAYS ON

ADDRESS                                                         LIST PRICE               LIST PRICE             MARKET

146 32nd St. (5)Bed.,(2)Bth.                          $850,000.                SAME                  167

370 24th St. (4)Bed.,(2.5)Bth.                         895,000.                 SAME                  89

254 24th St. (4)Bed.,(3.5)Bth.                      1,090,000.                914,900.              409

759 Third Ave. (6)Bed.,(4)Bth.                    1,195,000.                 SAME                  13

164 22nd St. (5)Bed.,(5.5)Bth.                      1,575,000.                 SAME                  50

216 77th St. (5)Bed.,(5/2)Bth.                      1,897,600.                 SAME                  92

10 E. 12th St. (7)Bed.,(4.5)Bth.                     2,795,000.             2,650,000.             326

6212 Dune Dr. (6)Bed.,(5/3)Bth.                 3,395,000.                 SAME                  139

 

RESIDENTIAL – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (8)

                                                        ORIGINAL           REDUCED         SOLD           CLOSING      DAYS

ADDRESS                                             LIST PRICE          LIST PRICE       PRICE              DATE         onMkt

186 11th  (3)Bed., (1)Bth.           $899,000.        $799,000.      $720,000.     1/15/11      194

73 W. 11th (4)Bed.,(2.5)Bth.      1,055,000.          899,000.       775,125.     1/28/11      276

178 39th (3)Bed.,(1)Bth.                879,000.            SAME           820,000.     1/28/11      121

26 W. 15th (3)Bed.,(2)Bth.            925,000.            SAME           850,000.     1/29/11       486

408 42nd (4)Bed.,(2)Bth.            1,850,000.       1,250,000.     1,050,000.     1/13/11      302

*148 12th (5)Bed.(5)Bth.            1,695,000.       1,595,000.     1,550,000.    1/27/11       538

4988 Ocean (5)Bed.,(3.5)Bth.   3,050,000.             SAME        3,050,000.    1/24/11       34

92 E. 14th (5)Bed.,(5.5)Bth.        5,495,000.             SAME        5,000,000.    1/21/11       102

(1)NEW CONSTRUCTION

                                                   (15,848,000.)   (14,892,000.)   (13,815,125.)                  (2,053)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,981,000.   List Price = $1,861,500.      Price = $1,726,891.    Market = 257

-          -          Difference between ORIGINAL List Price and SOLD Price = (13%)

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

 

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

LOTS/LAND – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

COMMERCIAL – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

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

MULTI-FAMILY – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (1)

                                                                    ORIGINAL         REDUCED         SOLD         CLOSING         DAYS

ADDRESS                                                   LIST PRICE         PRICE               PRICE          DATE              onMkt

3289 Ocean (3/1)Bed., (1/1)Bth.          $869,000.          SAME            $750,000.      1/21/11           78

-          -          Difference between ORIGINAL List Price and SOLD Price = (14%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 1/1/2011 TO 1/31/2011 = (6)

                                                                                      ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                     LIST PRICE               PRICE                     MARKET

300 79th (3)Bed.,(2)Bth. #A-9                                   $469,000.                SAME                        13

317 80th (3)Bed.,(2)Bth. #317                                     539,000.                SAME                         5

2026 Sixth (5)Bed.,(3.5)Bth. North                            599,000.                SAME                         40

153 38th (3)Bed., (1)Bth. #153                                 1,195,000.              699,000.                    1,678

408 24th (5)Bed.,(4)Bth. West                                  1,349,000.              799,900.                    1,937

*615 Sunrise(5)Bed.,(4)Bth. West                           1,395,000.                SAME                       14

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 1/1/2011 TO 1/31/2011 = (0)

 

TOTAL AVALON SALE INVENTORY (AS OF 2/3/2011) = 328

RESIDENTIAL                                      178

LOTS/LAND                                         22

COMMERCIAL                                       8

MULTI-FAMILY                                      8

CONDO/TOWNHOUSE                      112                    

 

2011 – FEBRUARY – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (8)

                                                                                         ORIGINAL               REDUCED          DAYS ON

ADDRESS                                                                        LIST PRICE               LIST PRICE          MARKET

214 54th (6)Bed.,(2.5)Bth.                                            $895,000.                  SAME                   60

14 E. 20th (3)Bed.,(1.5)Bth.   55’x60’                         1,149,300.                 899,000.              886

10 W. 12th (3)Bed.,(2)Bth.                                           1,280,000.              1,099,000.              370

712 21st (4)Bed.,(2.5)Bth.                                            1,450,000.              1,495,000.              416

4309 Fifth Ave. (4)Bed.,(2)Bth.                                   1,595,000.                SAME                     15

46 E. 19th (6)Bed.,(3)Bth.                                             1,749,000.               1,649,000.              174

*56 W. 20th (5)Bed.,(5)Bth.                                         1,735,000.               1,699,000.              132

*25W. 17th (6)Bed.,(6)Bth.                                          1,895,000.                  SAME                    43

(2)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (8)

                                                      ORIGINAL           REDUCED           SOLD           CLOSING           DAYS

ADDREESS                                   LIST PRICE          PRICE                 PRICE             DATE              onMkt

118 20th (3)Bed.,(1.5)Bth.        $825,000.            SAME               $650,000.       2/18/11            39

146 32nd (5)Bed.,(2)Bth.           850,000.            SAME                 805,000.       2/4/11              179

254 24th (4)Bed.,(3.5)Bth.       1,090,000.           914,900.             875,000.       2/22/11            459

226 54th (3)Bed.,(1.5)Bth.           997,500.            SAME                 889,862.       2/11/11            362

588 3rd (5)Bed.,(3)Bth.             1,549,000.            SAME              1,405,000.       2/10/11            108

168 35th (4)Bed.,(3)Bth.           1,695,000.        1,595,000.          1,500,000.      2/14/11             406

11 E. 11th (5)Bed.,(4.5)Bth.      2,099,000.        1,699,000.         1,580,000.       2/18/11             448

25 W. 33rd (5)Bed.,(5/2)Bth.    7,800,000.           SAME               7,000,000.      2/25/11             39

                                                   (16,905,500.)      (16,230,400.)     (14,704,862.)                      (2,040)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $2,113,187.    List Price = $2,028,800.     Price = $1,838,108.    Market = 255

-          -          Difference between ORIGINAL List Price and SOLD Price = (13%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (4%)

 

LOTS/LAND – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

LOTS/LAND – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (1)

                                                         ORIGINAL           REDUCED           SOLD           CLOSING          DAYS

ADDRESS                                        LIST PRICE            PRICE                PRICE            DATE             onMkt

226 66th -  60’x 110’                       $1,125,000.         SAME           $1,125,000.      2/11/11              38

 

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,125,000.   List Price = $1,125,000.      Price = $1,125,000.    Market = 38

-          -          Difference between ORIGINAL List Price and SOLD Price = (0%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

COMMERCIAL – UNDER CONTRACT: 2/1/2011 TO 2/28/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 2/1/2011 TO 2/28/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (0)

MULTI-FAMILY – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 2/1/11 TO 2/28/11 = (5)

                                                                             ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                            LIST PRICE            LIST PRICE           MARKET

2103 Ocean Dr. (3)Bed.,(2.5)Bth. #2103       $535,000.                SAME                   23

266 33rd St. (4)Bed.,(3)Bth. East                        699,000.                SAME                    6

*254 29th St. (5)Bed.,(3.5)Bth. West                 849,000.                SAME                   157

396 20th St. (5)Bed.,(4)Bth. #396                       869,000.                SAME                    22

*6594 Ocean Dr. (5)Bed.,(3.5)Bth. #6594        949,000.                SAME                    27

(2)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 2/1/11 TO 2/28/11 = (0)

 

TOTAL AVALON SALE INVENTORY (AS OF 3/6/11) = 353

RESIDENTIAL                                      184

LOTS/LAND                                         28

COMMERCIAL                                     15

MULTI-FAMILY                                    6

CONDO/TOWNHOUSE                      120

 

 

2011 – MARCH – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (10)

                                                                           ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                           LIST PRICE           LIST PRICE          MARKET

389 21ST St: (3)Bed.,(1)Bth.                            $749,000.            $469,000.               1,312

225 78th St: (3)Bed.,(1.5)Bth.                           794,000.                 SAME                     325

286 45th St: (4)Bed.,(2.5)Bth.                           975,000.              799,000.                   217

282 18th St: (3)Bed.,(2)Bth.                               825,000.                SAME                     201

*455 21st St: (4)Bed.,(4.5)Bth.                          975,000.              899,000.                  205

274 47th St: (5)Bed.,(2)Bth.                               950,000.                 SAME                    23

242 6th St: (5)Bed.,(4)Bth.                              1,299,000.                 SAME                    1

26 E. 24th St: (4)Bed., (3)Bth.                         1,879,000.            1,695,000.                 306

46 W. 9th St: (5)Bed.,(2.5)Bth.                        2,950,000.            2,725,000.                200

90 E. 11th St: (4)Bed.,(3)Bth.                           3,250,000.                 SAME                   3

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (10)

                                                               ORIGINAL          REDUCED          SOLD         CLOSING      DAYS

ADDRESS                                              LIST PRICE          PRICE                PRICE            DATE        onMkt

14 E. 20th (3)Bed.,(1.5)Bth.               $1,149,300.        $899,000.        $825,000.    3/25/11      939

370 24th (4)Bed.,(2.5)Bth.                       895,000.              SAME           864,500.    3/11/11      131

10 W. 12th (3)Bed.,(2)Bth.                   1,280,000.        1,099,000.      1,063,000.    3/24/11      405

712 21st (4)Bed.,(2.5)Bth.                    1,495,000.        1,450,000.      1,200,000.    3/21/11      456

42 W. 25th (5)Bed.,(4)Bth.                   1,649,000.        1,589,000.      1,400,000.    3/4/11         245

46 E. 19th (6)Bed.,(3)Bth.                     1,749,000.        1,649,000.      1,450,000.    3/31/11       218

164 22nd (5)Bed.,(5.5)Bth.                   1,575,000.               SAME        1,525,000.    3/18/11       105

*56 W. 20th (5)Bed.,(5)Bth.                 1,735,000.         1,699,000.      1,625,000.    3/24/11       177

216 77th (5)Bed.,(5/2)Bth.                   1,897,600.                SAME        1,800,000.    3/5/11         137

10 E. 12th (7)Bed.,(4.5)Bth.                  2,795,000.          2,650,000.      2,515,000.    3/4/11        368

(1)NEW CONSTRUCTION

                                                               (16,219,900.)    (15,402,600.)   (14,267,500.)                 (3,181)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,621,990.    List Price = $1,540,260.    Price = $1,426,750.     Market = 313

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

-          -          Difference between ORIGINAL List Price and REDUCED Price = (5%)

 

 

 

 

 

 

 

LOTS / LAND – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

LOTS / LAND – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (1)

                                                          ORIGINAL        REDUCED        SOLD        CLOSING        DAYS ON

ADDRESS                                         LIST PRICE        PRICE              PRICE           DATE            MKT

9 w. 14TH St: (60’x 110’)                 $1,100,000.      SAME            $980,000.    3/29/11        269

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $1,100,000.     List price = $1,100,000.   Price = $980,000.         Market = 269

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

-          -          Difference between ORIGINAL List Price and REDUCED List Price = (0%)

 

COMMERCIAL – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (0)

COMMERCIAL – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (1)

                                                                       ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                      LIST PRICE              LIST PRICE              MARKET

392 22nd (4/2)Bed., (1.5/1)Bth.               $699,999.              $624,900.                   89

MULTI-FAMILY – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 3/1/2011 TO 3/31/2011 = (7)

                                                                        ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                       LIST PRICE              LIST PRICE              MARKET

281 13TH (3)Bed.,(2.5)Bth. #281                $479,000.                  SAME                        14

6578 Ocean Dr. (3)Bed.,(2)Bth. #C-A          550,000.                  SAME                        29

259 28th (4)Bed.,(3)Bth. East                        749,900.                724,900.                     245

224 27th (4)Bed.,(30Bth. #224                      739,000.                  SAME                        5

*2531 Dune (4)Bed.,(3)Bth. #2531              779,000.                  SAME                        93

746 21st (2)Bed.,(3.5)Bth. East                      995,000.                  SAME                        54

499 24th (5)Bed.,(4)Bth. West                     1,325,000.                 SAME                        37

(1)NEW CONSTRUCTION

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 3/1/2011 TO 3/31/2011 = (5)

                                                                  ORIGINAL          REDUCED          SOLD          CLOSING    DAYS

ADDRESS                                                 LIST PRICE          PRICE                PRICE             DATE     onMkt

579 22nd (3)Bed.,(1.5)Bth. #B             $395,000.            SAME              $342,500.     3/11/11    93

317 80th (3)Bed.,(2)Bth. East                539,000.            SAME                 525,000.    3/5/11       66

2026 Sixth (5)Bed.,(3.5)Bth. North      599,000.            SAME                 550,000.    3/4/11       93

396 20th (5)Bed.,(4)Bth. #396               869,000.            SAME                 840,000.    3/11/11     46

*615 Sunrise (5)Bed.,(4)Bth. West     1,395,000.          SAME               1,350,000.   3/25/11     72

(1)NEW CONSTRUCTION

                                                                 (3,797,000.)    (3,797,000.)    (3,607,500.)                  (370)

 

 

 

Average Original                   Average Reduced               Average Sold               Average Days on

List Price = $759,400.           List Price = $759,400.        Price = $721,500.        Market = 74

-          -          Difference between ORIGINAL List Price and SOLD Price = (5%)

-          -          Difference between ORIGINAL List Price and REDUCED Price = (0%)

 

TOTAL AVALON SALE INVENTORY (AS OF 4/5/2011) = 362

RESIDENTIAL                                         193

LOTS/LAND                                            28

COMMERCIAL                                        16

MULTI-FAMILY                                       7

CONDO/TOWNHOUSE                         118