2008 Oct 15th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity – Week of Oct. 15

The Condo Market Freezes in Hoboken

It’s no surprise given what’s happened in the financial markets that for the first time since we’ve been tracking these numbers there were no Hoboken condo units under contract in any size category.  Understandably, most buyers are taking a “time out” if they can and waiting on the sidelines to see where the market is headed.  Here are this week’s numbers:

Studio & 1 Bedroom Hoboken Condos:

2 sold in an average of 31 days at an average sale price of $344,500
View 1BR SOLD Listings

None under contract this week

174 total active with an average asking price of $485,557 View 1BR ACTIVE Listings

6 new listing with an average list price of $532,116 View 1BR NEW Listings

Two Bedroom Hoboken Condos:

9 sold in an average of 88 days at an average sale price of $502,444 
View 2BR SOLD Listings

None under contract this week

285 total active with an average asking price of $665,741
View 2BR ACTIVE (first group of 150 properties)

View 2BR ACTIVE (rest of properties)

(I can only link to 200 at a time)

14 new listings with an average list price of $709,833 View 2BR NEW Listings

Three Bedroom and Larger Hoboken Condos:

None sold this week

None under contract this week.

54 active 3BR condos for sale with an average asking price of $1,039,383 View 3BR ACTIVE Listings

1 new with an asking price of $1,359,000  View 3BR NEW Listings

Compare to last week:  Week Of OCT. 8 

PRICE CHANGES ON HOBOKEN CONDOS FOR SALE

37 listings with price changes on Hoboken condos for the past 7 days:  View PRICE CHANGES 

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