Categories: Hoboken Condos
Back to the Future of Hoboken
Back in September of 2008 we suffered a major financial crisis. There were 288 Hoboken condos on the market at the start of September, 2008. Later that month, Bear Sterns went under, Lehman went under, Fannie Mae and AIG were on the brink. By the start of October, 2008, there were 358 Hoboken condo units for sale.
Today, we are on the brink of a national debt crisis. There are only 339 active units in Hoboken. We haven’t seen a number that low since September 2008. Maybe we are back to were we were before the credit crisis. If only the other problems now on the horizon would be resolved. A debt crisis can and will seriously impact the mortgage market and the housing market.
This Week’s Condo Sales & Activity:
- 339 active Hoboken condo units – vs. 346 last week
- 14 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 12 dabos last week
- 13 sold vs. 19 sold
- 23 new listings vs. 15
- 12 price changes vs. 22
- 3 expired listings vs. 4
Studio & 1 Bedroom Hoboken Condos:
5 new listings
- 1500 Wash 7K listed on 4/29 for $465k; reduced 5/12 to $449k; 5/26 to $429k
- 800 Jackson 911 listed on 7/25 for $364k
- 608 Mad #2 listed on 6/8 for $309k
- 1125 Maxwell #510 listed on 1/10 for $699k; reduced 2/23 to $685k; 5/5 to $$670k; 6/23 to $640k
- 126 Madison #4 listed on 5/23 for $299k
- 1025 Maxwell #800 lsited on 7/13 for $825k
- 73 Garden 3R listed on 4/4 for $285k; sold for $285k
- 427 Garden #3 listed on 5/17 for $385k; sold for $382k.
- 1027 Wash 4F listed on 9/29 for $245k; sold for $235k.
- 1500 Hudson 11B listed on 3/3 for $475k; reduced 4/19 to $465k; 5/3 to $450k; sold for $417k
4 price reductions
133 Total Active 1BRs
Two Bedroom Hoboken Condos:
13 new listings
- 1425 Garden #7C listed on 12/29 for $1.299mil; reduced on 4/27 to $1.275mil
- 108 Jackson 2B listed on 6/14 for $485k; reduced on 6/28 to $469k
- 1032 Willow #3 listed on 5/19 for $390k
- 806 Bloomfield #G listed on 6/20 for $665k
- 703 Park #4 listed on $435k
- 1325 Adasm 504 listed on 3/22 for $459k; sold for $450k
- 717 Mad 3S listed on 5/16 for $487.5k; sold for $475k
- 1320 Bloom 2A listed on 5/9 for $419k; sold for $382.5k
- 703 Adams #2 listed on 2/15 for $629k; reduced 2/15 to $609k; sold for $595k
- 133 Jackson 4A listed on 3/4 for $439k; reduced 4/18 to $419k; sold for $412k
- 92 Mad 2B listed on 5/16 for $475k; sold for $464k
- 800 Jackson 701 listed on 2/17 for $613.8k; sold for $584k
6 price reductions
165 Total Active 2BRs
Three Bedroom and Larger Hoboken Condos:
5 new listings
- 703 Monroe #4B listed on 7/9 for $549k
- 204 Newark #3 listed on 3/23 for $525k; sold for $475k
- 126 Monroe #1 listed on 3/17 for $569k; reduced 4/13 to $550k; sold for $542.5
no price reductions
40 Total Active 3BRs
Hoboken Condo Open Houses
Want to Receive New Listings & Price Reductions Daily?
If you would like to be see 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 list.
For more information you can always contact us at 201 993 9500.
Thanks for reading and, as always, we welcome your comments!