2010 – OCTOBER – AVALON,NJ:

 

RESIDENTIAL – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (4)

                                                                       ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                      LIST PRICE            LIST PRICE           MARKET

148 15th St. (3)Bed.,(2)Bth.                        $869,000.             $848,333.            71

1189 Avalon (5)Bed.,(3)Bth.                     1,450,000.               SAME                  4

204 63rd (4)Bed.,(2)Bth.                             1,650,000.               SAME                 534

*166 9th (6)Bed., (5.5)Bth.                        1,699,000.             1,679,000.           77

(1)NEW CONSTRUCTION

 

RESIDENTIAL – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (6)

                                                      ORIGINAL        REDUCED        SOLD        CLOSING          DAYS

ADDRESS                                     LIST PRICE        PRICE              PRICE           DATE             onMkt

143 25th (4)Bed.,(2)Bth.           $1,100,000.      $990,000.      $935,000.      10/31/10        445

4615 Fifth (5)Bed.,(3.5)Bth.       2,300,000.     1,979,000.     1,625,000.      10/29/10        228

 10 E. 10th (5)Bed.,(3)Bth.           1,999,000.     1,899,000.     1,700,000.      10/15/10        143

23 E. 27th (5)Bede.,(4)Bth.          3,649,000.     1,999,950.     1,770,000.      10/22/10      1,541

157 72nd (5)Bed.,(4.5)Bth.          3,500,000.         SAME          2,275,000.      10/29/10         339

*547 42nd (5)Bed.,(5/2)Bth.       4,495,000.      4,695,000.     4,200,000.      10/30/10         471

(1)NEW CONSTRUCTION

                                                   (17,043,000.)     (15,062,950.)  (12,505,000.)                    (3,167)

Average Original                    Average Reduced                    Average Sold                    Average Days List Price = $2,840,500.         List Price = $2,510,492.          Price = $2,084,417.         On Mkt = 528

-          Difference between ORIGINAL List Price and SOLD Price = (27%)

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

 

LOTS/LAND – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (1)

                                                           ORIGINAL         REDUCED         SOLD         CLOSING         DAYS

ADDRESS                                           LIST PRICE         PRICE              PRICE              DATE           onMkt

6594 Ocean(3/3)Bth. (2/1.5)Bth.  $995,000.         $875,000.       $710,000.     10/27/10        196

 

Average Original                  Average Reduced                    Average Sold                    Average Days List Price = $995,000.          List Price = $875,000.              Price = $710,000.            onMkt = 196

-          Difference between ORIGINAL List Price and SOLD Price = (29%)

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

CONDO/TOWNHOUSE – UNDER CONTRACT: 10/1/2010 TO 10/31/2010 = (5)

                                                                           ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                          LIST PRICE              LIST PRICE              MARKET

601 Dune (1)Bed.,(1)Bth. #2                        $500,000.                $475,000.                 459

3249 Ocean (4)Bed.,(2.5)Bth. North             875,000.                  599,000.               1,422

231 26th (4)Bed.,(2)Bth. West                        629,900.                    SAME                       6

420 24th (5)Bed.,(4)Bth. East                          839,000.                  785,000.                    229

223 35th (5)Bed.,(3)Bth. West                        799,000.                     SAME                       1

 

CONDO/TOWNHOUSE – COMPARABLE SALES: 10/1/2010 TO 10/31/2010 = (8)

                                                               ORIGINAL          REDUCED          SOLD          CLOSING       DAYS

ADDRESS                                              LIST PRICE           PRICE               PRICE             DATE        onMkt

440 20th (3)Bed.,(2)Bth.1stFl            $475,000.           $438,000.         $425,000.     10/15/10    185

7901 Ocean (3)Bed.,(2)Bth. #C-5       500,000.              SAME                470,000.     10/13/10    134

276 12th (3)Bed.,(2.5)Bth.                    549,000.             539,000.            485,000.     10/15/10    165

2322 Dune (3)Bed.,(3)Bth. #2322       649,000.              SAME               630,000.      10/2/10       81

700 Ocean (3)Bed., (2)Bth. #F-1          895,000.              SAME               650,000.      10/15/10     45

66 E. 20th (2)Bed.,(2)Bth. #205            945,000.               SAME               905,000.      10/22/10     111

501 24th (4)Bed.,(4)Bth. East             1,699,000.          1,525,000.        1,200,000.     10/29/10     282

598 W. 22nd (5)Bede.,(4)Bth.             1,295,000.               SAME           1,350,000.      10/29/10    185

                                                            (7,007,000.)          (6,786,000.)     (6,115,000.)                  (1,188)

Average Original                    Average Reduced                    Average Sold               Average Days on

List Price = $875,875.            List Price = $848,250.             Price = $764,375.        Market = 148

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

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

 

TOTAL AVALON SALE INVENTORY (AS OF 11/6/2010) = 383

RESIDENTIAL                                                        217

LOTS/LAND                                                           25

COMMERCIAL                                                       17

MULTI-FAMILY                                                      9

CONDO/TOWNHOUSE                                        115

 

 

2010- NOVEMBER – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (5)

                                                                                        ORIGINAL            REDUCED            DAYS ON

ADDRESS                                                                       LIST PRICE           LIST RICE              MARKET

189 11th St; (3)Bed.,(1)Bth.                                        $899,000.            $799,000.               130

141 16th (4)Bed.,(2)Bth.                                                899,000.              879,000.                122

73 W. 13th (4)Bed.,(2.5)Bth.                                      1,055,000.             899,000.                 202

26 W. 15th (3)Bed.,(2)Bth.                                             925,000.                SAME                   413

299 41st (4)Bed.,(4)Bth.                                              1,695,000.             950,000.                190

RESIDENTIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (8)

                                                                    ORIGINAL           REDUCED       SOLD        CLOSING      DAYS

ADDRESS                                                   LIST PRICE          PRICE               PRICE          DATE       onMkt

219 22nd (3)Bed.,(1)Bth.                         $ 939,000.          $ 614,900.      $ 550,000.  11/8/10   1,261

109 25th (4)Bed.,(3)Bth.                          1,150,000.              SAME             995,000.   11/4/10     118

573 21st (4)Bed.,(3)Bth.                          1,895,000.           1,099,000.     1,050,000.   11/12/10   623

250 60th (3)Bed.,(1.5)Bth.                      1,329,000.           1,195,000.     1,062,500.   11/10/10   554

204 63rd (4)Bed.,(2)Bth.                         1,650,000.                 SAME        1,200,000.   11/19/10   575

*265 17th (5)Bed.,(5)Bth.                       1,449,000.            1,399,000.    1,315,000.    11/19/10  315

7528 Sunset (3)Bed.,(1)Bth.                  2,695,000.            2,395,000.    1,960,000.    11/12/10  412

257 79th (5)Bed.,(5)Bth.                         2,550,000.            2,500,000.     2,300,000.   11/3/10     356

(1)NEW CONSTRUCTION

                                                              (13,657,000.)          (12,002,900.)   (10,432,500.)            (4,214)

Average Original                    Average Reduced                    Average Sold               Average Days on

List Price = $1,707,125.         List Price = $1,500,362.         Price = $1,304,062.      Market = 527

-          Difference between ORIGINAL List Price and SOLD Price = (24%)

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

 

LOTS/LAND – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

LOTS/LAND – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

COMMERCIAL – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

COMMERCIAL – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

MULTI-FAMILY – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

MULTI-FAMILY – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 11/1/2010 TO 11/30/2010 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 11/1/2010 TO 11/30/2010 = (8)

                                                                   ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                                  LIST PRICE        PRICE              PRICE            DATE         onMkt

601 Dune (1)Bed.,(1)Bth. #2                 $ 500,000.       $ 475,000.      $ 445,000.    11/12/10    505

404 21st (5)Bed.,(3)Bth. East                    599,000.            SAME             500,000.    11/30/10    105

277 27th (4)Bed.,(3)Bth. East                   738,500.           631,500.          554,000.    11/15/10    501

700 Ocean (3)Bed.,(2.5)Bth. #C-6           769,000.           649,900.          600,000.    11/2/10      475

6537 Ocean (4)Bed.,(2.5)Bth. North       896,000.          699,000.          685,000.    11/22/10   1,005

257 35th (5)Bed.,(3)Bth. West                  825,000.          725,000.          725,000.     11/19/10    250

223 35th (5)Bed.,(3)Bth. West                  799,000.              SAME           765,000.     11/13/10     41

420 24th (5)Bed.,(4)Bth. East                    839,000.          785,000.          785,000.     11/30/10     277

 

                                                                   (5,965,500.)       (5,363,400.)    (5,059,000.)               (3,159)

Average Original                    Average Reduced               Average Sold                  Average Days on

List Price = $745,687.            List Price = $670,425.         Price = $632,375.           Market = 395

 

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

-          Difference between ORIGINAL List Price and REDUCED Price = (10%)

 

TOTAL AVALON SALE INVENTORY (AS OF 1/3/2011) = 312

RESIDENTIAL                                          173

LOTS/LAND                                              23

COMMERCIAL                                            9

MULTI-FAMILY                                           8

CONDO/TOWNHOUSE                           99 

 

2010 – DECEMBER – AVALON, NJ:

RESIDENTIAL – UNDER CONTRACT: 12/1/2010 TO 12/31/2010 = (6)

                                                                           ORIGINAL          REDUCED          DAYS ON

ADDRESS                                                          LIST PRICE         LIST PRICE         MARKET

178 39th (3)Bed.,(1)Bth.                                 $879,000.                SAME               73

408 42nd (4)Bed.,(2)Bth.                                1,850,000.          1,250,000.            226

588 3rd (5)Bed.,(3)Bth.                                   1,549,000.                SAME               43

168 35th (4)Bed.,(3)Bth.                                 1,695,000.          1,595,000.            351

11 E. 11th (5)Bed.,(4.5)Bth.                            2,099,000.          1,699,000.            388

92 E. 14th (5)Bed.,(5.5)Bth.                            5,495,000.                SAME               54

 

RESIDENTIAL – COMPARABLE SALES: 12/1/2010 TO 12/31/2010 = (15)

                                                           ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                          LIST PRICE        PRICE              PRICE           DATE           onMkt

2253 Ocean (5)Bed.,(1)Bth.          $799,000.         $525,000.       $382,500.    12/15/10      988

2109 Harbor (3)Bed.,(2)Bth.            790,000.          699,999.         575,000.     12/17/10      217

148 15th (3)Bed.,(2)Bth.                    869,000.          848,333.         800,000.     12/15/10      121

141 16th (4)Bed.,(2)Bth.                    899,000.          879,000.         812,500.     12/30/10      171

2858 Ocean (3)Bed.,(1.5)Bth.       1,275,000.          900,000.         850,000.     12/31/10    1,066

2848 Ocean (5)Bed.,(2.5)Bth.          959,000.             SAME            900,000.     12/9/10         56

205 37th (4)Bed.,(3)Bth.                  1,150,000.         899,000.          920,000.     12/29/10       217

221 41st (5)Bed.,(4)Bth.                  1,450,000.       1,395,000.       1,270,000.    12/31/10       588

226 58th (4)Bed.,(3)Bth.                  1,375,000.             SAME         1,300,000.    12/18/10       122

1189 Avalon (5)Bed.,(3)Bth.          1,450,000.             SAME         1,412,865.     12/14/10       61

*166 9th (6)Bed.,(5.5)Bth.              1,699,000.        1,679,900.      1,562,500.     12/1/10         121

2888 Ocean (5)Bed.,(4)Bth.           2,200,000.        1,995,000.      1,750,000.     12/9/10      1,030

*261 77th (5)Bed.,(5)Bth.               1,849,000.              SAME         1,762,500.     12/21/10        49

3449 First (5)Bed.,(5)Bth.              2,375,000.         2,095,000.      1,937,500.     12/10/10        329

215 59th (5)Bed.,(3.5)Bth.              2,400,000.         2,250,000.      1,950,000.     12/29/10        260

(2)NEW CONSTRUCTION

                                                   (21,539,000.)         (19,799,232.)    (18,155,365.)                    (5,396)

Average Original                  Average Reduced                  Average Sold                  Average Days on

List Price = $1,435,933.       List Price = $1,319,949.        Price = $1,210,358.       Market = 360

-          Difference between ORIGINAL List Price and SOLD Price = (16%)

-          Difference between ORIGINAL List Price and REDUCED Price = (8%)

 

LOTS/LAND – UNDER CONTRACT: 12/1/10 TO 12/31/10 = (1)

                                                                                        ORIGINAL               REDUCED               DAYS ON

ADDRESS                                                                       LIST PRICE              LIST PRICE              MARKET

9 W. 14TH 60’x 110’ VACANT LOT                              $1,100,000.               SAME                        172

 

LOTS/LAND – COMPARABLE SALES: 12/1/10 TO 12/31/10 = (1)

                                                                  ORIGINAL        REDUCED        SOLD        CLOSING        DAYS

ADDRESS                                                 LIST PRICE       PRICE               PRICE           DATE           onMkt

538 42nd St. 50’x 155’ VACANT LOT    $2,695,000.     $2,295,000.    $2,100,000.  12/30/10     310

 

COMMERCIAL – UNDER CONTRACT: 12/1/10 TO 12/31/10 = (0)

COMMERCIAL – COMPARABLE SALES: 12/1/10 TO 12/31/10 = (1)

                                                                  ORIGINAL          REDUCED          SOLD         CLOSING     DAYS

ADDRESS                                                 LIST PRICE         PRICE                 PRICE           DATE       onMkt

2166 Dune (1,435sq.ft.) #2166            $350,000.           SAME              $275,000.    12/28/10    354

 

MULTI-FAMILY – UNDER CONTRACT: 12/1/10 TO 12/31/10 = (0)

MULTI-FAMILY – COMPARABLE SALES: 12/1/10 TO 12/31/10 = (0)

 

CONDO/TOWNHOUSE – UNDER CONTRACT: 12/1/10 TO 12/31/10 = (0)

CONDO/TOWNHOUSE – COMPARABLE SALES: 12/1/10 TO 12/31/10 = (5)

                                                                ORIGINAL          REDUCED          SOLD        CLOSING        DAYS

ADDRESS                                               LIST PRICE         PRICE                  PRICE          DATE         onMkt

390 39th (3)Bed.,(2.5)bth. #C-A           $599,000.        $499,999.          $327,700.   12/13/10    313

3249 Ocean (4)Bed.,(2.5)Bth. North    875,000.           599,000.            515,000.   12/18/10   1,492

2164 Dune (3)Bed.,(3)Bth. #2164         699,000.           669,000.            624,000.   12/30/10     356

231 26th (4)Bed.,(2)Bth. West                629,900.            SAME                628,900.   12/23/10     80

1306 Ocean (4)Bed.,(2/2)Bth. #1306   999,900.           895,900.             825,000.  12/27/10     97

                                                                 (3,802,800.)      (3,293,799.)    (2,920,600.)                 (2,338)

Average Original               Average Reduced               Average Sold               Average Days on

List Price = $760,560.       List Price = $658,760.        Price = $584,120.        Market = 468

-          Difference between ORIGINAL List Price and SOLD Price = (23%)

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

 

TOTAL AVALON SALE INVENTORY (AS OF 1-3-2011) = 312

RESIDENTIAL                                              173

LOTS/LAND                                                  23

COMMERCIAL                                              9

MULTI-FAMILY                                             8

CONDO/TOWNHOUSE                              99