2009 JANUARY
AVALON, NJ:
RESIDENTIAL UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (2)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE
PRICE MARKET
178 26th
(5)Bed.,(5)Bth.
$1,795,000.
$1,500,000. 349
245 67th (4)Bed.,(3)Bth.
1,550,000.
SAME 65
RESIDENTIAL COMPARABLE SALES: 1/1/2009 TO 1/31/2009 =
(1)
ORIGINAL
REDUCED SOLD
CLOSING DAYS ON
ADDRESS
LIST PRICE
PRICE
PRICE
DATE MARKET
215 53RD (3)Bed.,(1.5)Bth.
$950,000.
$910,000. $855,000.
1/9/09
86
LOTS/LAND UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (0)
LOTS/LAND COMPARABLE SALES: 1/1/2009 TO 1/31/2009 = (0)
COMMERCIAL UNDER CONTRACT: 1/1/2009 TO 1/31/2009 = (1)
ORIGINAL REDUCED DAYS ON
ADDRESS
LIST PRICE
PRICE MARKET
2931 Ocean Dr. Avalon Seafood
$3,100,000.
SAME
171
& Avalon Produce 90x 110 Lot
COMMERCIAL COMPARABLE SALES: 1/1/2009 TO 1/31/2009 =
(0)
MULTI-FAMILY UNDER CONTRACT: 1/1/2009 TO 1/31/2009 =
(0)
MULTI-FAMILY COMPARABLE SALES: 1/1/2009 TO 1/31/2009 =
(0)
CONDO/TOWNHOUSE UNDER CONTRACT: 1/1/2009 TO 1/31/2009 =
(0)
CONDO/TOWNHOUSE COMPARABLE SALES: 1/1/2009 TO 1/31/2009
= (2)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE
DATE onMkt
7929 Dune (1)Bed.,(1)Bth. #117
$339,990.
SAME
$371,000. 1/23/09
197
7929 Dune (2)Bed.,(1)Bth.
#206
379,990.
SAME
389,535. 1/9/09
192
TOTAL AVALON SALE INVENTORY (AS OF 2/2/2009) = 400
RESIDENTIAL
199
LOTS/LAND
27
COMMERCIAL
17
MULTI-FAMILY
7
CONDO/TOWNHOUSE
150
2009 FEBRUARY
AVALON, NJ:
RESIDENTIAL UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (4)
ORIGINAL
REDUCED DAYS
ON
ADDRESS
LIST
PRICE LIST
PRICE MARKET
246 44TH St.(4)Bed.,(3)Bth.
$1,250,000.
SAME
38
* 118 22nd
St.(5)Bed.,(5)Bth.
1,795,000.
1,695,000. 118
74 W. 11th
St.(5)Bed.,(5)Bth.
1,750,000.
SAME
17
* 3701 Dune
Dr.(6)Bed.,(6)Bth.
3,185,000.
2,795,000.
966
(2) NEW CONSTRUCTION
RESIDENTIAL COMPARABLE SALES: 2/1/2009 TO 2/28/2009 =
(0)
LOTS/LAND UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (1)
ORIGINAL
REDUCED DAYS
ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
261 42ND St. 50x
110
$850,000.
SAME
43
LOTS/LAND COMPARABLE SALES: 2/1/2009 TO 2/28/2009 = (0)
COMMERCIAL UNDER CONTRACT: 2/1/2009 TO 2/28/2009 = (0)
COMMERCIAL COMPARABLE SALES: 2/1/2009 TO 2/28/2009 =
(0)
MULTI-FAMILY UNDER CONTRACT: 2/1/2009 TO 2/28/2009 =
(0)
MULTI-FAMILY COMPARABLE SALES: 2/1/2009 TO 2/28/2009 =
(0)
CONDO/TOWNHOUSE UNDER CONTRACT: 2/1/2009 TO 2/28/2009 =
(2)
ORIGINAL
REDUCED DAYS
ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
451 21st St.,2nd
Fl.
$610,000.
$499,000.
325
502 20th St.,
East
1,299,000.
719,000.
528
CONDO/TOWNHOUSE COMPARABLE SALES: 2/1/2009 TO 2/28/2009
= (6)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE DATE
onMkt
7929 Dune(1)Bed.,(1)Bth. #309
$349,990.
$374,990. $340,000.
2/27/09 244
7929 Dune(1)Bed.,(1)Bth.
#307
359,990.
349,990. 353,140.
2/13/09 230
7929 Dune(1)Bed.,(1)Bth.
#312
364,990.
369,990. 377,296.
2/27/09 237
300 79th St(3)Bed.,(2)Bth. #B-4
630,000.
SAME
550,000. 2/18/09
86
* 321 40th St.(5)Bed.,(4)Bth.
East
1,095,000.
775,000. 700,000.
2/27/09 818
* 323 40th St.(5)Bed.,(4)Bth.
West
1,195,000. 825,000.
722,500. 2/27/09
1000
(2) NEW CONSTRUCTION
(3,994,970.) (3,324,970.)
(3,042,936.)
(2,615)
Average
Original
Average
Reduced
Average
Sold
Average Days
List Price =
$665,828. List Price =
$554,162. Price =
$507,156. on Market = 436
- Difference
between ORIGINAL List Price and SOLD Price = (24%)
- Difference
between ORIGINAL List Price and REDUCED Price = (17%)
TOTAL AVALON SALE INVENTORY (AS OF 3/6/2009) = 420
RESIDENTIAL
220
LOTS/LAND
24
COMMERCIAL
18
MULTI-FAMILY
7
CONDO/TOWNHOUSE
151
2009 - MARCH AVALON,
NJ:
RESIDENTIAL UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (5)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
268 23rd
St(5)Bed.,(2)Bth.
$895,000.
$739,000.
922
314 76th
St(4)Bed.,(2)Bth.
1,175,000.
1,125,000.
31
54 W. 26th
St(4)Bed.,(3)Bth.
1,595,000.
1,395,000. 133
* 53 W. 15th St(5)Bed.,(5)Bth.
1,995,000.
1,795,000.
157
4618 Fifth Ave.
(5)Bed.,(3)bth.
2,695,000.
SAME
54
(1) NEW CONSTRUCTION
RESIDENTIAL COMPARABLE SALES: 3/1/2009 TO 3/31/2009 =
(3)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE PRICE
PRICE
DATE onMkt
383 21st St(4)Bed.(2.5)Bth.
$989,000.
$799,000. $735,000.
3/31/09 541
178 26th
St(5)Bed.,(5)Bth.
1,795,000.
1,500,000. 1,500,000.
3/7/09 385
6600 Ocean(4)Bed.,(3)Bth
2,175,000.
1,989,000. 1,700,000.
3/21/09 365
(4,959,000.)
(4,288,000.) (3,935,000.)
(1,291)
Average
Original
Average
Reduced
Average Sold
Average Days
List Price = $ 1,653,000.
List Price = $ 1,429,333. Price =
$1,311,667. on Mkt = 430
- Difference
between Original List Price and SOLD Price = (21%)
- Difference
between Original List Price and REDUCED Price = (14%)
LOTS / LAND UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (1)
ORIGINAL
REDUCED DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
192 61ST St 60x 110
$4,295,000.
$3,095,000.
948
LOTS / LAND COMPARABLE SALES: 3/1/2009 TO 3/31/2009 =
(0)
COMMERCIAL UNDER CONTRACT: 3/1/2009 TO 3/31/2009 = (0)
COMMERCIAL COMPARABLE SALES: 3/1/2009 TO 3/31/2009 = (0)
MULTI-FAMILY UNDER CONTRACT: 3/1/2009 TO 3/31/2009 =
(0)
MULTI-FAMILY COMPARABLE SALES: 3/1/2009 TO 3/31/2009 =
(0)
CONDO/TOWNHOUSE UNDER CONTRACT: 3/1/2009 TO 3/31/2009 =
(3)
ORIGINAL REDUCED
DAYS ON
ADDRESS
LIST PRICE LIST
PRICE MARKET
460 20TH (3)Bed.,(1.5)Bth.1st
Fl.
$559,000.
$399,000.
530
460 20th (3)Bed., (1.5)Bth. 2nd
Fl
599,000.
469,000.
526
363 40th (4)bed.,(2.5)Bth.
West
925,900.
799,000.
494
CONDO/TOWNHOUSE COMPARABLE SALES: 3/1/2009 TO 3/31/2009
= (4)
ORIGINAL REDUCED
SOLD CLOSING DAYS
ADDRESS
LIST PRICE
PRICE
PRICE
DATE onMkt
7929 Dune(1)Bed.,(1)Bth.#314
$419,990.
SAME
$417,725. 3/5/09
247
451 21st(3)Bed.,(1.5)Bth.
2ndFl
610,000.
499,000.
440,000. 3/25/09
372
502 20th (4)Bed.,(4)Bth.
East
1,299,000.
719,000. 617,000.
3/21/09 570
2008 Ocean (4)Bed.,(2.5)Bth.
No.
969,000.
SAME
890,000. 3/7/09
153
(3,297,990)
(2,606,990.)
(2,364,725.)
(1,342)
Average
Original
Average Reduced Average
Sold Average
Days on
List Price = $824,497.
List Price =
$651,747. Price = $591,181. Market =
335
- Difference
between Original List Price and SOLD Price = (28%)
- Difference
between Original List Price and REDUCED Price = (21%)
TOTAL AVALON SALE INVENTORY (AS OF 4/2/2009) = 422
RESIDENTIAL
229
LOTS/LAND
28
COMMERCIAL
22
MULTI-FAMILY
6
CONDO/TOWNHOUSE
137