Hoboken Condo Market Weekly Stats

Happy Monday.  A couple more condos went under contract this week than the previous week but not a significant amount. Inventory is rising as expected going into the spring.  I’ll keep monitoring how this effects the market as we move forward.

Weekly statistics 4/12/09- 4/19/09

 

10 condos received firm offers that cleared attorney review which is up from 6 condos from last weeks report.  

6 condos closed last week.  6 closings the previous report.

As of today, there are a total of 133 Hoboken properties pending to close (125 last week).  

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

Firm accepted offers:

1 bedroom

2 units received accepted offers (2 last report)   Click Here to View Listings

These averaged 158 days on market

2 bedrooms

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

Average days on market for this group was 143.

3-4 bedrooms:

1 accepted offer (0 last report)   Click Here to View Listings 

90 days on market.

Sold Condos:  

Studios:

No closings (0 last report)

1 bedroom:
1 property closed.    (5 last report)      Click Here to View Listings  Listing price was $399,900 and selling price was $375,600  (-8.39% of listing price)  Original listing date was 11/16/06.   This was a gut renovated building.

2 bedrooms:

5 units sold.   (1 last report)    Click Here to View Listings  Average listing price was $455,580.  Average selling price was $437,500 (-3.96% of listing price).  Averaged 115 days on market.

3 – 4 bedrooms:

No units closed (0 last report)

Active for sale market:
As of today there are 546 Hoboken condos actively listed for sale in our MLS.  538 units on market last week.  Average asking price is $595,595 ($597,050 last week) and median price is $528,450 ($524,900 last week).  Days on market average 105 (108 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.

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