Same, same! Market contracts up from previous week but closed sales down. Our office is definitely getting busier with more buyer interest. Let’s see if that translates into more deals being consummated!
Weekly statistics 5/31/09- 6/07/09
13 condos went into contract last week, up from the 7 units in the previous report.
7 condos closed last week. 11 closings the previous report.
As of today, there are a total of 154 Hoboken properties pending to close (152 last week).
Here are the deals of last week…..
Firm accepted offers:
Studio & 1 bedroom
2 accepted offers (2 last report)
These averaged 145 days on market.
2 bedrooms
10 condos had accepted offers (4 last report)
Average days on market for this group was 124.
3-4 bedrooms:
1 accepted offer (1 last report) 47 days on market
Sold Condos:
Studios & 1 bedroom:
2 units sold (2 last report)
Average listing price was $399,450.
Average selling price was $376,000 (-5.87% of listing price)
Average days on market was 47
2 bedrooms:
4 units sold. (8 last report)
Average listing price was $998,000.
Average selling price was $948,000 (-5.01% of listing price).
Averaged days on market was 15
3 – 4 bedrooms:
1 closing (1 last report)
Listing price was $849,000
Selling price was $775,000 (-8.71% of listing price)
Days on market was 96
Active for sale market:
As of today there are 581 Hoboken condos actively listed for sale in our MLS which is up a bit from last weeks high of 578 units. Average asking price is $573,902 ($575,832 last week) and median price is $525,000 ($525,000 last week). Days on market average 103 (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