2008 Jan 3rd

Don’t Believe What You Read – 2007 Hoboken Condo Sales Beat 2006 by All Measures

Here are the facts. All numbers based on the full year. First figure represents 2007 – second figure represents 2006.

Number of Listings: 1,598 vs. 1,755

Number of Sales: 972 vs. 866

Average Asking Price: $534,088 vs. $527,679

Average Sales Price: $523,303 vs. $517,151

Discount off List ($): $10,785 vs. $10,528

Discount off List (%): 2.02% vs. 2.00%

Average Size: 989 sq. ft. vs. 1,001 sq. ft.

Average $ per Sq. Ft. $529 vs. $517

Median Sales Price: $500,000 vs. $487,750

High Sold Price: $2,350,000 vs. $1,450,000

Low Sold Price: $173,000 vs. $155,000

Total Listed: $519,133,881 vs. $456,970,460

Total Sold: $508,651,429 vs. $447,853,354

*All number are based on MLS listings and do not include for sale by owner or developer (pre-construction) transactions.

And for more good news, Artie Lange of the Howard Stern Show said on the show today that he would like to open a comedy club here and call it “HoJokin”.

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