Categories: Hoboken Condos
Here is the April chart for Hoboken condo sales results:
So what do all these numbers mean? Here is my take away:
Looks like we’ve hit a little plateau. Sales are down slightly in absolute terms , prices are down slightly, but not price per square foot. Maybe this month had more smaller units closing in the mix. Look at the discount off list – it is negative again. Don’t think you can bargain for the better properties. Someone is standing right beside you ready to pay full price or better. Activity is still way down compared to last year. There is still not enough supply to meet demand.
In the past 6 months, I took a look at bigger 2 and 3 bedroom sales in modern (elevator, parking) buildings. More than half sold at or over full price. There is still stiff competition out there if you are a buyer.