Hoboken Condo Market Weekly Stats

I mentioned last week that my office seemed to be getting busier but we would have to wait and see if the activity would translate into actually accepted offers.  The results are in and we had a noticeable gain in firm accepted offers.

Weekly statistics 6/07/09- 6/14/09

20 condos went into contract last week, up from the 13 units in the previous report.

7 condos closed last week. 7 closings the previous report.  

As of today, there are a total of 178 Hoboken properties pending to close (154 last week).  

Deals are being made!!!  Here are last weeks.

Firm accepted offers:

Studio & 1 bedroom

7 accepted offers (2 last report)      

These averaged 77 days on market.

2 bedrooms

12 condos had accepted offers  (10 last report)  

Average days on market for this group was 73.

3-4 bedrooms:

1 accepted offer (1 last report)        115 days on market 

Sold Condos:   

Studios & 1 bedroom:

2 units sold  (2 last report)           

Average listing price was $435,500.  

Average selling price was $412,500 (-5.28% of listing price)

Average days on market was 37

2 bedrooms:

4 units sold.   (4 last report)    

Average listing price was $645,750.  

Average selling price was $626,750 (-2.94% of listing price).  

Averaged days on market was 128

3 – 4 bedrooms:

1 closing (1 last report) 

Listing price was $635,000

Selling price was $617,500 (-2.75% of listing price)

Days on market was 50

Active for sale market:

As of today there are 581 Hoboken condos actively listed for sale in our MLS which is the same as last weeks high of 581 units.  Average asking price is $580,933 ($573,902 last week) and median price is $529,000 ($525,000 last week).  Days on market average 105 (103 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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Explore posts in the same categories: Hoboken Market Statistics, Hoboken's Newest Listings

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