Hoboken Condo Market Weekly Stats

I hope everybody had a nice weekend enjoying the holiday with friends and family or just plain relaxing.  This past weeks real estate activity in Hoboken was rather uneventful, unless you were one of the transactions.  Here are the numbers.

Weekly statistics 4/05/09- 4/12/09

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

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

As of today, there are a total of 125 Hoboken properties pending to close (124 last week).  

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

Firm accepted offers:

1 bedroom

2 units received an accepted offer (3 last report)   Click Here to View Listings

These averaged 90 days on market

2 bedrooms

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

Average days on market for this group was 120.

3-4 bedrooms:

No accepted offers last week (0 last report) 

Sold Condos:  


No closings (0 last report)

1 bedroom:

5 properties closed.    (5 last report)    Click Here to View Listings  Average listing price was $413,400 and average selling price was $387,500  (-6.26% of listing price)  Average days on market was 81.

2 bedrooms:

1 units sold.   (2 last report)   Click Here to View Listings   Listing price was $349,000.  Selling price was $333,500 (-4.44% of listing price).  Average days on market was 55.

3 – 4 bedrooms:

No units closed (0 last report)

Active for sale market:

As of today there are 538 Hoboken condos actively listed for sale in our MLS.  535 units on market last week.  Average asking price is $597,050 ($603,940 last week) and median price is $524,900 ($529,000 last week).  Days on market average 108 (107 last week).

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. 

Edward (Eddie) Perez

Explore posts in the same categories: Hoboken Market Statistics

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