2011 Jul 11th
The June Hoboken Condo Sales Results
Categories: Hoboken Condos
The June 2011 Condo Sales:
Below are the monthly sales figures through June. The quarterly and half year analysis will be posted shortly so check back with us. Thanks!
<h3>The May 2011 Condo Sales:</h3>
You know what pops out at me on this chart? Something I’ve been talking about for a while now. Look at the “discount off list”. It’s down to 2.68%. Do you wonder why? Think about <strong>all the 3 bedroom units that have had multiple offers lately </strong>and sold for at or over asking. That shows up in this number. <strong>The buyers who think they are going to “get a deal” are mistaken. </strong>Properties, when priced correctly, are selling at numbers very close to the asking price. Priced correctly – OK, there is room for dispute as to what ‘priced correctly’ means but I certainly know it when I see it. That’s because I’ve seen, literally, thousands of properties and have a good basis on which to make that judgment. Which is why it’s so important for buyers to look at lots and lots of properties. It lets them develop their “value-meter’ so they can make that kind of assessment. The decrease in days on market further supports my belief that<strong> the good stuff is selling and selling fast. </strong>Or at least faster than they were.
<h3>Here is the update by bedroom size:</h3>
<strong>22 condo sales of 1 Bedrooms:</strong>
Avg. sales price =$351k
Size 709 sq ft
<em>$ / sq ft = 495</em>
DOM 74
<strong>45 condo sales of 2 Bedrooms:</strong>
Avg. sales price = $513k
Size 1173 sq ft
<em>$ / sq ft = 437</em>
DOM 68
<strong>11 condo sales of 3 Bedrooms:</strong>
Avg. sales price 684k
Size 1603
<em>$ / sq ft = 427</em>
DOM 74
