2013 Feb 27th
The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of February 27th, 2013
Categories: For Buyers, For Sellers, Hoboken Brownstones, Hoboken Condos, Hoboken New Construction, Market Analysis, Weekly Wednesday Wrap Up
This Week’s Residential Property Sales & Activity:
159 active Hoboken listings:
- 146 Condo & Co-op listings, compared to 146 last week
- 13 Single- and multi-family listings, compared to 8 last week
- 10 DABOs (Deposit Accepted By Owner i.e. under contract) vs 15 last week
- 9 Sold vs. 9 last week
- 28 New listings vs. 27 last week
- 5 Price changes vs. 9 last week
- 2 expired listings vs. 0 last week
1 Bedroom & Studio Properties
9 New listings
1 Price change
50 Active listings
3 DABOs
- 813 Willow Ave., 4S listed Feb 15 for $335K;
- 300 Newark St., 4K listed Jan 8 for $445K;
- 1425 Garden St., 203 listed Feb 9 for $635K;
5 Sold
- 333 Monroe St., 1A listed Nov 28 for $309K; sold for $310K;
- 227 Monroe St., 1R listed Jan 10 for $375K; sold for $380K;
- 222 Grand St., 4I listed Jan 2 for $439K; sold for $430K;
- 924-926 Jefferson St., 2B listed Nov 12 for $449K; sold for $472K;
- 901 Garden St., 1 listed Nov 13 for $479K; sold for $488K;
2 Bedroom Properties
14 New listings
1 Price change
80 Active listings
5 DABOs
- 700 1st St., 4C listed Feb 22 for $485K;
- 2-6 Paterson Ave., 5C listed jan 21 for $547K;
- 407-409 Monroe St., 5A listed Feb 11 for $550K;
- 415 Newark St., 12G listed Feb 6 for $579K;
- 729 Madison St., 3H listed Jan 30 for $595K;
3 sold
- 95 Garden St, 4B listed Nov 14 for $569K; sold for $556K;
- 827 Garden St., 2 listed Dec 8 for $599K; sold for $575K;
- 1022 Hudson St., 1 listed Dec 4 for $798K; sold for $815K;
3 Bedroom & Bigger Properties
5 New listings
3 Price changes
22 Active listings
7 Multi-Family Active listings
2 DABO’s
- 530 Madison St., 3A listed Feb 8 for $750K;
- 1230 Garden St., listed Feb 7 for $2.299M;
1 sold
- 158 13th St., listed Nov 7 for $1.60M; sold for $1.60M;
Anybody else impressed with these 1 BR sales prices? The two that sold above listing both average approx $590 per square foot! Even the one on grand Street fetched a decent price for a place with out a renovated kitchen, nice outdoor space though.
I sold one of them – 227 Monroe. It was small so the $/sq ft is high but the level of renovation was above average and the yard a huge bonus. It went to ‘final and best’ with multiple bids. Supply and demand is causing this – there are slightly more listings than 3 months ago but the buyers are still out there fighting over the nice ones.