Categories: Weekly Wednesday Wrap Up
News on the Tech Frontier
We’ve set up our system so that as of today, when you fill out the little request form, you will not only be redirected to the page with the links but you’ll also receive an email with the report with the links at the email address you put on the form. Read it now or read it later!
I’d been emailing the report to the group manually based on your requests but starting today it will be automatic. Just to be sure I get the report to all who requested, for today we will do both so sorry if you get a duplicate email. Note also that in the opening summary is a link to last’s weeks report with links. Thanks for completing below:
Hoboken Condos Inventory & Sales – Week of July 14th
There was a slight decline in inventory from last week. It seems to be from sales but there were some listings that expired as well. Regardless of how we get there, fewer units on the market is a good thing. We’re still seeing lots of price reductions, also a good thing.
- 548 active Hoboken condo units today – 559 last week.
- 35 price reductions vs. 26 a week ago
- 5 dabos (under contract) vs. 3 last week
- 13 sold vs. 9 last week.
- 22 new listings vs. 18 last week
- 8 expired listings vs. 6 last week
- none withdrawn vs. 8 last week
Studio & 1 Bedroom Hoboken Condos:
8 new listings. Average list price $427,876.
189 total active – $398,349 average asking price. 109 average DOM. Average asking price $564 per sq ft.
2 dabos. 84 average DOM.
228 Monroe listed at $374.9k on Apr 29; reduced to $337k May 14; $309.9 June 2; $272.9k June 29. Wow! That’s 100K or almost a 25% reduction.
2 sold for an average price of 502,740 in 82 days.
11 price reductions.
Two Bedroom Hoboken Condos:
9 new listings – average list price $503,119
290 total active – $602,763 average asking price. 111 average DOM so far. Average asking price $503 per sq. ft.
- 202 up to $600,000
- 89 $600,000 and over
1 dabo’d. 96 average DOM
1100 Adams (Upper Grand) listed at $575K on Jan 19; reduced to $565k Mar 12.
5 sold – $495,300 average sales price. Average 84 DOM.
- 1331 Grand listed at $649.99k on Nov 21; reduced to $639.9k Jan 13; $609.9 on Feb 20; sold for $582.5.
15 price reductions.
Three Bedroom and Larger Hoboken Condos:
70 active 3BR condos – $928,773 average asking price. 106 DOM so far. Average asking price $513 / sq ft.
2 new listings. Average list price $807,000.
1 dabo in 854 DOM.
- 109 Jackson listed at $689k on Apr 15; reduced to $649K on May 27.
2 sold for an average sales price of $695,000 in an average of 194 days.
538 Bloomfield listed at $589.9k on Mar 2; reduced to $569.9k Mar 13; $555k Apr 23; sold for $525k.
89 Willow listed for $1,048k on Dec 20 of ’07 (precontsruction); reduced to $999k on Sept 24; sold for $865K.
3 price reductions.
Hoboken Condo Open Houses