2010 Aug 25th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of August 24th

Hoboken Condos Sales & Activity – Week of August 24th

“Housing Market Plunged in July, Fueling Anxiety” plunging man

Today’s front page of the NY Times has some grim headlines, and says no region has been spared and that prices are expected to fall further. July housing sales were 25.5% below the level of a year ago, according to NAR and the volume of single family home sales was the lowest since 1995. This was worse than expected and caused the stock market to take a hit as well. According to the article, even today’s historically low mortgage rates, depressed home prices, and government loan programs are not doing the trick of bringing buyers back to the table. Are Hoboken or Manhattan really that different? There are arguments that can be made on both sides of the debate. For some good news, Hoboken inventory has remained below 500.

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Disclaimer: The data relating to real estate transactions on this web site comes in part from the Hudson County MLS. While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such. Century 21 Listings are identified with “C21″ after the address. Other listings are from the MLS and are identified with “MLS” after the address. Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Hoboken Condos:

4 new listings

189 active

2 Dabos

7 Sold

6 price reductions

Two Bedroom Hoboken Condos:

7 new listings

257 total listings.

5 Dabos

4 sold

8 price reductions

Three Bedroom and Larger Hoboken Condos:

4 new listing

51 active listings.

1 Dabo

2 sold

no price reductions

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, our Hoboken Open House Google Map is your best source for locating every open house in Hoboken. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

Want to Receive New Listings & Price Reductions Daily?

If you would like to be emailed the new listings and price reductions each weekday in either 1br, 2br or 3br categories just email us at [email protected] letting us know which size(s) you would like and we’ll add you to the daily email list.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

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  1. shortsequalmarket

    I also read nationally there was not one new unit sold for over $750K. Does that mean Toll and Metro homes sold none of their units over $750K in Hoboken?

  2. homeboken

    The number you are referring to was considered “not meaningful” that is less than 0.5% of all home sales in July were above 750k. It implies that anywhere from 0 – 500 homes sold > 750k nationally in the month of July.

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