Hoboken Condo Market Weekly Stats

Has buyer activity increased?  Not according to last weeks stats!  Although my conversations with other agents and brokers seem to lean towards increased buyer interest,  the solid deals are not backing this up yet.  

I’ll recap the April sales tomorrow.  Here’s the activity of last week.

Weekly statistics 5/3/09- 5/10/09

9 condos went into contract last week, down from the 13 units from the last report.

3 condos closed last week.  14 closings the previous report.

As of today, there are a total of 140 Hoboken properties pending to close (133 last week).  

Here are the deals of last week…..

Firm accepted offers:

Studio & 1 bedroom

1 accepted offer (5 last report)     Click Here to View Listings

This was on market for 115 days

2 bedrooms

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

Average days on market for this group was 38.

3-4 bedrooms:

2 accepted offers (1 last report)    Click Here to View Listings

These averaged 131 days on market 

Sold Condos:  

Studios & 1 bedroom:

No closings  (3 last report)        

2 bedrooms:

2 units sold.   (9 last report)        Click Here to View Listings  Average listing price was $559,450.  Average selling price was $545,000 (-2.58% of listing price).  Averaged 90 days on market.

3 – 4 bedrooms:

1 unit closed (2 last report)    Click Here to View Listings  Listing price was $485,000.  Selling price was $450,000 (-7.21% of listing price).  105 days on market. 

Active for sale market:

As of today there are 581 Hoboken condos actively listed for sale in our MLS which is up from last weeks high of 555 units.  Average asking price is $605,753 ($584,248 last week) and median price is $529,000 ($529,000 last week).  Days on market average 103 (98 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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