MONDAY MORNING HOBOKEN CONDO MARKET STATS

Weekly statistics 2/08/09- 2/15/09

Wow, a condo listed at $1,320,000 received an accepted offer last week.  Additionally, another unit listed at $789,000 received an accepted offer bringing last weeks total to 8 units.  An increase to the previous weeks 6 units.  Average days on market for these homes were 83.

As of today, there are 117 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

4 condo  received an accepted offer Click Here to View Listings

These averaged 59 days on market.

2 BEDROOMS

3 condos had accepted offers Click Here to View Listings

Average days on market for this group was 71.

3-4 BEDROOMS:

1 condo had an accepted offer. A new construction 2213 square foot 3 bedroom / 3 bath duplex

listed at $1,320,000  Click Here to View Listings  213 days on market!

SOLD CONDOS:  

Total of 4 condos closed last week.  Average asking price: $499,950.  Average days on market: 96

STUDIOS:

No closings

1 BEDROOM:

3 condos sold.   Click Here to View Listings  Average listing price was $336,266.  Average selling price was $315,933  

(-6% of listing price)  Average days on the market was 108.

2 BEDROOMS:

No closings

3 – 4 BEDROOMS:

1 unit closed.  A 3 bedroom, 2.5 bath Washington St condo.  Click Here to View Listings

Listing price was $989,000.  Selling price was $910,000, (-7.9% of listing price),  Days on market was 62.

ACTIVE FOR SALE MARKET:

As of today there are 504 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $650,565 and a median price of $549,000.  Average days on market sits at 111.

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

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