MONDAY MORNING HOBOKEN CONDO MARKET STATS

Weekly statistics 11/23/08- 11/30/08

FIRM ACCEPTED OFFERS:

The Hoboken condo market had a total of 6 firm accepted offers for last week. This was an improvement over the 3 offers from the previous week.

1 BEDROOM

1 condos had firm offer  Click Here to View Listings

Listing price was $269,900. 20 days on market to accept offer

2 BEDROOMS

5 condos had accepted offers Click Here to View Listings

Average listing price is $688,400 and average days on market is 108 days

Note: The average price was inflated by one property listed at $1,200,000.

3 BEDROOMS

No accepted offers in this category

SOLD CONDOS:  

Total of 5 condos closed last week.  Down from last weeks 10 closings.

STUDIOS:

None sold in this category

1 BEDROOM:

None sold in this category

2 BEDROOMS:

5 units sold with an average listing price of $565,579 and an average selling price of $537,900 (-4.89% of list price)

Average days on market was 93.  Click Here to View Listings

ACTIVE FOR SALE MARKET:

As of today there are 514 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $634,654.  Average days on market sits at 112 days

November statistics will be coming to you shortly so check back soon!

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.

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

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