2008 Aug 21st

The Weekly Wednesday Wrap-Up – Hoboken Condo Sales & Market Activity for the w/e Aug. 20th

Some New Weekly Statistics on the Hoboken Real Estate Market   

This week I’ve added to the active, sold, under contract and new listing information by including absorption rate.  You’ll see it as “number of week’s supply” right under the total number of condos for sale in each size category.  Hopefully, this will give you another way to analyze the Hoboken condo market and answer the always popular questions like:  “How is the Hoboken real estate market doing?” and “Do you think it’s a good time to sell my condo” or “Is now a good time to buy a condo”.  For example, you’ll see that one bedroom condos sell at a much better rate than two bedrooms condos.  As always, I welcome your comments and questions.

Studio & 1 Bedroom Hoboken Condos:

 6  sold in an average of 84 days at an average sale price of $480,117  View 1BR Hoboken SOLD Condos

 6  under contract this week –  View 1 BR Hoboken Condos UNDER CONTRACT This Week

 147 total active with an average asking price of $480,117  View ALL 1BR Hoboken Condos for Sale 

(24 Week Supply selling at 6.12 per week since January 1)

8 new with an average asking price of $356,411 –Click Here to View NEW LISTINGS of 1BR Hoboken Condos

Two Bedroom Hoboken Condos:

9 sold in an average of only 57 days at an average sale price of $686,499  View 2BR SOLD Hoboken Condos

9 under contract this week – View 2 BR Hoboken Condos UNDER CONTRACT This Week
10 new listings –

260 total active with an average asking price of $686,499   View ALL 2BR Hoboken Condos for Sale 

(31 week supply selling at 8.41 per week since January 1)

13 new with an average asking price of $761,407  Click Here to View NEW LISTINGS of 2BR Hoboken Condos

Three Bedroom and Larger Hoboken Condos:

2 sold in an average of 80 days at an average sale price of $860,000 View 3BR SOLD Hoboken Condos  

None under contract this week

45 active 3BR condos for sale with an average asking price of $1,055,741   View ALL 3BR Hoboken Condos for Sale  

(40 week supply selling at 1.12 per week since January 1)

2 new with an average asking price of $715,450  View NEW LISTINGS of 3BR Hoboken Condos

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  1. JC

    you answered my question with this post. Thanks! Considering the inventory of homes in the country are at about 10 months (fairly certain) Hoboken looks pretty good in comparison.

  2. Lori

    Fortunately, the Hoboken real estate market is in much better shape than much of the country. Let’s hope it continues!

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