2008 Apr 17th

Weekly Wednesday Wrap Up – Hoboken Real Estate Market Sales Activity

Brownstone LivingBrownstone LivingHoboken Real Estate – As Of April 16th

Studio & One Bedroom Condos:

Total Active: 178

Under Contract (Dabo’d): 75

Sold (Deals Closed) This Week: 1 Average Sold Price: $380,000

New Listings This Week: 13

Two Bedroom Condos:

Total Active: 286

Under Contract: 94

Sold: 8 Average Sold Price: $688,162

New Listings: 25

Three Bedroom Condos or Bigger

Total Active: 54

Under Contract: 10

Sold:1 Average Sold Price: $535,000
New Listings:8

One Family Houses

Total Active: 12

Under Contract:7

Sold: 1 Average Sold Price: $1,375,000

New Listings:2

2 – 4 Family Houses

Total Active: 15

Under Contract: 10

Sold: 0

New Listings:0

Compare to April 9th. Compare to March 19th. Compare to March 12th and inventory. Compare to March 5th. Compare to Feb. 27th. Compare to Feb. 20th. Compare to Feb. 13th.

So What’s The Trend in Hoboken Real Estate?

No question – inventory is increasing steadily. How much of the increase is seasonal? Some, to be sure, but exactly how much is anybody’s guess. But if you look back at just 2 bedroom condos in Hoboken, since the start of the year the number of new units listed each week has looked like this:

19, 25, 28, 34, 49, 32, 36, 98, 119 (Metrostop & Garden Street Lofts hit the MLS), 44, 50, and 50.

There is no question that the number of Hoboken condo listings is steadily going up while the number of sales is remaining pretty constant.

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