Hoboken Condo Market Weekly Stats

Hope everybody was able to enjoy last weekends sunny weather.   We are now firmly into the Hoboken real estate markets spring season.  We did not see an up tick in pending contracts from last week and our overall inventory has risen substantially.

Weekly statistics 4/19/09- 4/26/09

10 condos received firm offers that cleared attorney review which is the same amount as last weeks report.

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

As of today, there are a total of 131 Hoboken properties pending to close (133 last week).  

Here are the deals of last week…..

Firm accepted offers:

1 bedroom

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

These averaged 50 days on market

2 bedrooms

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

Average days on market for this group was 114.

3-4 bedrooms:

0 accepted offer (1 last report)   

Sold Condos:  

Studios:

No closings (0 last report)

1 bedroom:

5 properties closed.   (1 last report)       Click Here to View Listings  Average listing price was $393,557 and selling price was $384,100  (-2.40% of listing price)  Averaged 198 days on market

2 bedrooms:

4 units sold.   (5 last report)      Click Here to View Listings  Average listing price was $480,947.  Average selling price was $457,500 (-3.96% of listing price).  Averaged 73 days on market.

3 – 4 bedrooms:

No units closed (0 last report)

Active for sale market:

As of today there are 578 Hoboken condos actively listed for sale in our MLS which is an almost 6% rise in inventory.  546 units on market last week.  Average asking price is $588,726 ($595,595 last week) and median price is $529,000 ($528,450 last week).  Days on market average 103 (105 last week).

Search entire Hoboken condo market at http://InvestHoboken.com   then click on Browse Hoboken Listings

We welcome your specific questions.  Email us at info@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

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