MONDAY MORNING HOBOKEN CONDO MARKET STATS

 Weekly statistics 11/30/08- 12/07/08

FIRM ACCEPTED OFFFERS:

The Hoboken condo market had a total of 6 firm accepted offers last week which is the same amount as the previous one.

1 BEDROOM

1 condo had firm offer  Click Here to View Listings Very unique approximately 1400 sqft 1 bedroom with two additional rooms, private roof deck.

Listing price was $679,000. 77 days on market to accept offer

2 BEDROOMS

4 condos had accepted offers Click Here to View Listings

Average listing price is $519,749 and average days on market is 77 days

 3-4 BEDROOMS:

1 condo had a firm offer Click Here to View Listings

Listing price was $599,999 and this has been on the market 42 days.

SOLD CONDOS:  

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

STUDIOS:

None sold in this category

1 BEDROOM:

1 condo sold at the waterfront luxury building Maxwell Place.  Listing price was $900,000 and selling price was $880,000 (-2.2% of listing price).  This was most recently on the market for 37 days but had been on and off during the past couple of years.

2 BEDROOMS:

4 units sold with an average listing price of $613,225 and an average selling price of $606,125 (-1.15% of list price)

Average days on market was 119 days.  Click Here to View Listings

3 – 4 BEDROOMS:

None in this category

ACTIVE FOR SALE MARKET:

As of today there are 516 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $637,764.  Average days on market sits at 111 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.

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

Eddie

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