HOBOKEN CONDO MARKET WEEKLY STATS

Weekly statistics 2/22/09- /01/09

Another million dollar listing received an accepted offer last week.  The $1,060,000 priced condo at newly constructed “Arthur’s Court”, 78 Jackson St, is now under contract.  A total of  7 condos received firm accepted offers last week.

As of today, there are 111 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

3 condos  received an accepted offer  Click Here to View Listings

These averaged 72 days on market.

2 BEDROOMS

3 condos had accepted offers  Click Here to View Listings

Average days on market for this group was 61.

3-4 BEDROOMS:

1 condo had an accepted offer which was the 2018 square foot 3 bedroom, 2 bath unit at Arthur’s Court.  Listed at $1,060,000.   Click Here to View Listings  Days on market was at 303 however this was under construction so the days on market that buyers may have had access to view was most likely quite a bit less. 

SOLD CONDOS:  

5 condos closed last week.  Average asking price: $591,266.  Average days on market: 83

STUDIOS:

No closings

1 bedroom:

2 condos sold.  Click Here to View Listings   Average listing price was $404,450.  Average selling price was $386,500  

(-4.4% of listing price)  Average days on the market was 114.

2 BEDROOMS:

2 units sold.   Click Here to View Listings  Average listing price was $544,450.  Average selling price was $526,250 (-3.3% of listing price).  Average days on market was 96

3 – 4 BEDROOMS:

1 unit closed.  A 3 bedroom + den, 2 bathroom unit with 2111 square feet and parking sold for $372.76 per square foot.  

Listing price was $824,900.  Selling price was $786,901, (-4.6% of listing price),  Days on market was 57.

ACTIVE FOR SALE MARKET:

As of today there are 529 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $632,905 and a median price of $535,000.  Average days on market sits at 105.

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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