Hoboken Condo Market Weekly Stats

Weekly statistics 3/29/09- 4/05/09 

9 condos received firm offers that cleared attorney review which is up from 6 condos the previous week.  

7 condominiums closed last week.  4 closings the previous report.

As of today, there are a total of 124 Hoboken properties pending to close (113 last week).  

Here are the deals and opportunities from last week…..

Firm accepted offers:

1 bedroom

3 units received an accepted offer (1 previous report)   Click Here to View Listings

These averaged 119 days on market

2 bedrooms

6 condos had accepted offers  (4 previous report)    Click Here to View Listings

Average days on market for this group was 89.

3-4 bedrooms:

No accepted offers last week (1 previous report)

Sold Condos:  

Studios:

No closings

1 bedroom:

5 properties closed.     Click Here to View Listings   Average listing price was $399,513 and average selling price was $379,600  (-4.98% of listing price)  Average days on market was 79.

2 bedrooms:

2 units sold.    Click Here to View Listings Average listing price was $577,450.  Average selling price was $566,250 (-1.93% of listing price).  Average days on market was 80.

3 – 4 bedrooms:

No units closed

Active for sale market:

As of today there are 535 Hoboken condos actively listed for sale in our MLS.  Essentially flat from the 537 units on market last week.  Average asking price is $603,940 and median price is $529,000.  Days on market average 107.

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.

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