MONDAY MORNING HOBOKEN CONDO MARKET STATS

Weekly statistics 2/01/09- 2/08/09

We had 6 firm accepted offers last week in the Hoboken condo market, tracking at about the same weekly pace since the start of the new year.  Highest asking price was $788,888.  Average asking price was $556,314.  Average days on market was 104

As of today, there are 114 Hoboken condos pending to close.  These are the buyers making a commitment in this market!

Here are the folks that took advantage of the opportunities last week…..

Firm accepted offers:

1 BEDROOM

1 condo  received an accepted offer Click Here to View Listings

118 days on market.

2 BEDROOMS

4 condos had accepted offers Click Here to View Listings

Average days on market for this group was 100.

3-4 BEDROOMS:

1 condo had an accepted offer.  A small 1024 sqft 3 bedroom on Washington St

listed at $485,000 Click Here to View Listings   105 days on market!

SOLD CONDOS:

 Total of 5 condos closed last week.  Average asking price: $504,573.  Average days on market: 127

STUDIOS:

No closings

1 BEDROOM:

2 condos sold.  Click Here to View Listings   Average listing price was $344,000 and selling price was $327,500  

(-4.9% of listing price)  Average days on the market was 36. 

2 BEDROOMS:

3 unit sold.   The average asking price was $611,622 and average selling price was $562,166 (- 8% of listing price)

Average days on market was 187. Click Here to View Listings

3 – 4 BEDROOMS:

No closings

Active for sale market:

As of today there are 492 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $651,292 and a median price of $546,500.  Average days on market sits at 112.

Search entire Hoboken condo market at http://InvestHoboken.com   then click on Browse Hoboken Listings

I welcome your specific questions.  Email me at eddie@InvestHoboken.com

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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