MONDAY MORNING HOBOKEN CONDO MARKET STATS

WEEKLY STATISTICS 11/9/08- 11/16/08 

FIRM ACCEPTED OFFERS:

The Hoboken condo market had a total of 7 firm accepted offers for last week .  This was a slight improvement over the 5 offers from the previous week.

Firm accepted offers are offers that have cleared the mandatory attorney review process and are now considered a binding contract of sale.

1 BEDROOM

2 condos had firm offers  Click Here to View Listings

Average listing price is $347,000. Average days on market 66

2 BEDROOMS

4 condos had accepted offers Click Here to View Listings

Average listing price is $531,203 and average days on market is 156 days

3 BEDROOMS

1 condo had a firm accepted offer Click Here to View Listings

This unit was listed at $649,999 and has been on the market 53 days.

SOLD CONDOS:  

Total of 8 condos closed last week.  Relatively flat from last weeks 7 closings.

STUDIOS:

2 studios sold with an average listing price of $484,950 and an average selling price of $466,500 (-3.8% of list price)

Average days of market was 86. Click Here to View Listings

1 BEDROOM:

3 units sold with an average listing price of $431,166 and an average selling price of $411,500 (-4.56% of list price)

Average days on market was 118.  Click Here to View Listings

2 BEDROOMS:

3 units sold with an average listing price of $944,166 and an average selling price of $922,000 (-2.3% of list price)

Average days on market was 78.  Click Here to View Listings

These 2 bedroom stats were skewed by a $1,900,000 closing at Maxwell Place.  The other two condos sold at $415,000 and $451,000 respectively!

As of today there are 531 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $637,068.

Average days on market sits at 109 days

All of these statistics are compiled from the Hudson County Multiple Listing Service (HCMLS) and do not include  properties that are not listed on this MLS such as some new construction and for-sale-by-owners.

Advertisements
Explore posts in the same categories: Hoboken Market Statistics

Tags: , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: