2008 Sep 3rd

The Weekly Wednesday Wrap-Up – Hoboken Condo Sales Activity & Inventory as of September 3

Back to School Means Back to Business

There has been a noticeable increase in the number of new listings this week.  It may be that all those sellers were waiting for summer to end and now that Labor Day has come and gone, a new bunch of Hoboken condos has hit the market at once.  It will be interesting to see how quickly they sell.

Studio & 1 Bedroom Hoboken Condos:

5 sold in an average of 46 days at an average sale price of $450,700 Click to View 1 BR Sold Condos

2 under contract this week – Click to View 1BR DABO Condos

144 total active with an average asking price of $490,489

12 new listing with an average list price of $434,576 Click to View New 1BR Condo Listings

Two Bedroom Hoboken Condos:

11 sold in an average of 100 days at an average sale price of $479,750 Click to View 2BR Sold Condos

3 under contract this week – Click to View 2BR DABO Condos

258 total active with an average asking price of $680,842

17 new listings with an average list price of $555,158 Click to View New 2BR Condo Listings

Three Bedroom and Larger Hoboken Condos:

None sold this week

1 under contract this week – Click to View 3BR DABO Listings

46 active 3BR condos for sale with an average asking price of $1,121,094

(41 week supply selling at 1.09 per week since January 1)

2 new with an average asking price of $1,134,652 – View New 3BR+ Listings

Compare to last week: View Week Ending August 27th Here

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  1. Tiger

    Glad to hear the market is still holding strong. I hope once the real estate storm passes we’ll see even stronger numbers!

  2. Lori

    I hope so too! Much will depend on what happens in November so we may not know for a while where we are headed. I’ll keep tracking the market though.
    – Lori

  3. rob

    Hi Lori
    Some listings like this – MLS ID# 70015849 – appear as new, but they are old with “improved prices”.
    when yuo list new listings those improved ones sneaak in sometime and that is a bit confusing. is there anyway yuo couls filter them?

    Also, there is a festival in Hoboken this weekend. Does it mean more new ads and signs for sale is going to be posted?
    by the way you do agreat job with this site, thansk

  4. Lori

    Yes, there are listings that seem new when they are not really new. I personally could not check the history of every single listing, every week, and still have time to post and do my job. If you were a buyer working with a good agent and you were interested in properties, your agent should absolutely do this for those properties. I always let my buyers know how much the last person paid for the unit, how long they’ve owned it, when it was first put on the market and at what price, whether the price has changed, and if there have been any offers. Not all agents do their homework, though, so I hope to educate the buyers here to know what questions to ask and to be able to weed out the competent agents from the others.

    I’m glad you find the site helpful.

    I don’t think there is any relation between the festival and the number of units for sale or signs but the end of summer has meant more properties on the market, it seems.

    – Lori

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