1ST QUARTER
– AVALON, NJ – 2009 STATISTICS:
RESIDENTIAL:
UNDER
CONTRACT
COMPARABLE SALES
JANUARY
2
1
FEBRUARY
4
0
MARCH
5
3
(11)
(4)
ORIGINAL List Price REDUCED List
Price SOLD Price Days on Mkt
JANUARY $
950,000.
$ 910,000.
$
855,000.
86
FEBRUARY
-0-
-0-
-0-
-0-
MARCH
1,653,000.
1,429,333.
1,311,667.
430
1ST
QTR
AVERAGE
($867,667.)
($779,778.)
($722,222.) (172)
- Difference
between ORIGINAL List Price and SOLD Price = (17%)
- Difference
between ORIGINAL List Price and REDUCED Price =
(10%)
LOTS /
LAND:
UNDER
CONTRACT
COMPARABLE SALES:
JANUARY
-0-
-0-
FEBRUARY
1
-0-
MARCH
1
-0-
(2)
COMMERCIAL:
UNDER
CONTRACT
COMPARABLE SALES:
JANUARY
1
-0-
FEBRUARY
-0-
-0-
MARCH
-0-
-0-
(1)
MULTI-FAMILY:
UNDER
CONTRACT
COMPARABLE SALES:
JANUARY
-0-
-0-
FEBRUARY
-0-
-0-
MARCH
-0-
-0-
CONDO/TOWNHOUSE:
UNDER
CONTRACT
COMPARABLE SALES:
JANUARY
-0-
2
FEBRUARY
2
6
MARCH
3
4
(5)
(12)
ORIGINAL List Price REDUCED List Price SOLD
Price Days on Mkt
JANUARY
$359,990.
$359,990.
$380,267.
194
FEBRUARY
665,828.
554,162.
507,156.
436
MARCH
824,497.
651,747.
591,181.
335
1ST QUARTER
AVERAGE
(616,772.)
(521,966.)
(492,868.)
(322)
- Difference
between ORIGINAL List Price and SOLD Price = (20%)
- Difference
between ORIGINAL List Price and REDUCED Price = (15%)
AVALON – COMPARISON: 1ST
QTR 2008 VS. 2009:
2009 – 1ST QUARTER – AVALON - RESIDENTIAL:
Average ORIGINAL Average
REDUCED Average SOLD
Average Days
List
Price
List
Price
Price
on Market
$867,
667.
$779,778.
$722,222.
172
- Difference
between ORIGINAL List Price and SOLD Price = (17%)
- Difference
between ORIGINAL List Price and REDUCED Price = (10%)
TOTAL RESIDENTIAL UNITS SOLD = FOUR (4)
2008 – 1ST QUARTER – AVALON – RESIDENTIAL:
Average ORIGINAL Average
REDUCED Average
SOLD Average Days
List
Price
List Price
Price
on Market
$2,001,137.
$1,769,702.
$1549,630.
410
- Difference
between ORIGINAL List Price and SOLD Price = (23%)
- Difference
between ORIGINAL List Price and REDUCED Price = (12%)
-
TOTAL RESIDENTIAL UNITS SOLD = TWENTY-FIVE (25)
***************************************************************************
2009 – 1ST QUARTER – AVALON –
CONDO/TOWNHOUSE:
Average ORIGINAL Average
REDUCED Average
SOLD Average Days
List
Price
List
Price
Price
on Market
$616,772.
$521,966.
$492,868.
322
- Difference
between ORIGINAL List PRICE and SOLD Price = (20%)
- Difference
between ORIGINAL List Price and REDUCED Price = (15%)
TOTAL CONDO/TOWNHOUSE UNITS SOLD = TWELVE (12)
2008 – 1ST QUARTER – AVALON –
CONDO/TOWNHOUSE:
Average ORIGINAL Average
REDUCED Average SOLD Average
Days
List
Price
List Price
Price
on Market
$821,733.
$715,534.
$645,967.
242
- Difference
between ORIGINAL List Price and SOLD Price = (21%)
- Difference
between ORIGINAL List Price and REDUCED Price = (13%)
TOTAL CONDO/TOWNHOUSE UNITS SOLD = SIX (6)