2008 Nov 26th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Inventory for the Week of Nov. 26th

Written by Lori Turoff

Studio & 1 Bedroom Hoboken Condos:

2 sold in an average of 127 days at an average sale price of $438,750

2 under contract this week in an average of 60 days.

706 Willow original list price $299,000 in August.

Note – Only properties with price drops are listed. The others went under contract or were sold at their original asking price. I thought it would be interesting to see how far sellers had to drop the price to get some action.

169 total active with an average asking price of $485,089 with 7 price changes.

13 new listings with an average list price of $394,153

Two Bedroom Hoboken Condos:

8 2BRs sold in an average of 66 days at an average sale price of $538,375

Original list prices:

409 4th St. $475,000 in Sept. sold for $450,000

416 Grand $546,000 in July sold for $515,000

705 Adams $629,000 in Sept. sold for $520,000

89 Willow $733,950 in Dec. sold for $605,000

5 2BRs under contract this week in an average of 109 days.

1114 Hudson original list price $639,900 in June.

65 Jefferson original list price $615,000 in September.

909 Garden $819,000 in October.

1425 Garden – get this – the asking price was increased from $1,100,000 in March to $1,200,000!

70 active 2 BR condos up to $500,000

223 active 2BR condos over $500,000

The combined combined average asking price of all 293 active 2BR condos is $651,915 with 25 price changes.

6 new 2BR listings with an average list price of $659,749

Three Bedroom and Larger Hoboken Condos:

None under contract or sold this week.

57 active 3BR condos for sale with an average asking price of $985,420 with 5 price changes.

5 new listings with an average list price of $604,759

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