Hoboken Condo Market Weekly Stats

Back to a typical week for closings and pending contracts.  

Weekly statistics 6/14/09- 6/21/09

13 condos went into contract last week, down from last weeks report of  20 units

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

As of today, there are a total of 179 Hoboken properties pending to close (178 last week).  

Here are last weeks deals…

Firm accepted offers:

Studio & 1 bedroom

4 accepted offers (7 last report)     

These averaged 71 days on market.

2 bedrooms

9 condos had accepted offers  (12 last report)     

Average days on market for this group was 137.

3-4 bedrooms:

0 accepted offers (1 last report)          

Sold Condos:  

Studios & 1 bedroom:

1 unit sold  (2 last report)       

Listing price was $379,000.  

Selling price was $407,000  This sold OVER asking price by 7.3%

Days on market was 12

2 bedrooms:

6 units sold.   (4 last report)         

Average listing price was $595,966.  

Average selling price was $568,500 (-4.60% of listing price).  

Averaged days on market was 72

3 – 4 bedrooms:

0 closings (1 last report)     

Active for sale market:

As of today there are 584 Hoboken condos actively listed for sale in our MLS which is a small increase from last weeks high of 581 units.  Average asking price is $586,453 ($580,933 last week) and median price is $529,900 ($529,000 last week).  Days on market average 106 (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.

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