Hoboken Condo Market Weekly Stats

Good national news!  For the first time since early 2007, a composite index of 20 major cities was virtually flat, instead of down.

Read todays NY Times article on this encouraging national trend.  

Ok, here is last weeks activity.

Weekly statistics 7/19/09- 7/26/09

6 condos went into contract last week, down form the previous week number of 9 units

 9 condos closed last week. 16 closings the previous report.

 As of today, there are a total of 168 Hoboken properties pending to close.  

FIRM ACCEPTED OFFERS:

Studio & 1 bedroom

3 accepted offers         

These averaged 70 days on market.

CONDO-COOP – Pending
ADDRESS Area  Sq Feet TotFB Beds DOM LP SP
115 WILLOW AVE Hoboken 550 1 1 30 $329,900  
551 OBSERVER HIGHWAY Hoboken 806 1 1 82 $359,000  
1300 HUDSON ST Hoboken 725 1 1 100 $379,000  
Total Listings         Avg Avg Avg
3         70 $355,966  

2 bedrooms

Just 1 condo had an accepted offer       

Days on market was 82

CONDO-COOP – Pending
ADDRESS Area Sq Feet TotFB Beds DOM LP SP
924-926 JEFFERSON ST Hoboken 1040 2 2 89 $509,900  
Total Listings         Avg Avg Avg
1         89 $509,900  

3-4 bedrooms:

2 accepted offers

They averaged 57 days on market     

CONDO-COOP – Pending
ADDRESS Area Sq Feet TotFB Beds DOM LP SP
607 CLINTON ST Hoboken 1324 2 3 56 $499,000  
604 GRAND ST Hoboken 1701 2 3 59 $789,900  
Total Listings         Avg Avg Avg
2         57 $644,450  

SOLD CONDOS: 

Studios & 1 bedroom:

4 units sold          

AVERAGE LIST TO SELLING PRICE: -1.17% (not bad!)

2 bedrooms:

12 units sold.

ADDRESS Area Sq Feet TotFB Beds DOM LP SP
625 WASHINGTON ST Hoboken 820 1 2 115 $409,900 $395,000
919 PARK AVE Hoboken 834 1 2 61 $435,000 $410,000
1012-1014 PARK AVE Hoboken 872 1 2 22 $415,000 $415,000
700 1ST ST Hoboken 1019 2 2 35 $449,000 $432,050
818 JEFFERSON ST Hoboken 920 1 2 120 $469,000 $435,000
1034 CLINTON ST Hoboken 1074 2 2 43 $469,000 $459,000
262 1ST ST Hoboken 1051 1 2 40 $499,900 $469,000
2 CONSTITUTION CT Hoboken 1143 2 2 169 $600,000 $520,000
1100 ADAMS ST Hoboken 1248 2 2 175 $565,000 $564,000
415 ADAMS ST Hoboken 1300 2 2 90 $599,000 $570,000
1331 GRAND ST Hoboken 1273 2 2 201 $609,900 $582,500
1425 GARDEN ST Hoboken 1465 2 2 447 $787,500 $675,000
 Total Listings          Avg   Avg   Avg
 12         126  $525,683  $493,879

AVERAGE LIST TO SELLING PRICE:  -6.05%

3 – 4 bedrooms:

0 closings    

ACTIVE FOR SALE MARKET:

As of today there are 543 Hoboken condos actively listed for sale in our MLS.  Average asking price is $578,528 and median price is $525,000.  Days on market average 111.

You can search the entire Hoboken condo market at http://InvestHoboken.com   then click Browse Hoboken Listings

We welcome your specific questions.  Email us at info@InvestHoboken.com

 Edward (Eddie) Perez

 

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