The Hoboken Weekly Wednesday Wrap Up for the Week Ending Sept. 16th
Categories: Hoboken Condos
Week ending September 16th, 2020
If you want to see what’s currently for sale in Hoboken? Just click on the link directly below for all currently active properties. Want to see what’s new this week, look down a bit further for the new listing link with properties sorted by price.
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- Active Hoboken listings
- Condo inventory (366 total) has gone over 250 units requiring two links.
- First 250 Condo & Co-op listings
- Remaining Condo listings
- 39 Single-family and Multi-family
This Week’s Residential Property Sales & Activity:
- 16 Pending (Deposit Accepted By Owner and Under Contract)
- 10 sold
- 71 New – this has to be a record
- 20 Price changes
Studio & 1-Bedroom Properties
4 Pending
- 719 Adams 3R, listed 7/29 for $368k.
- 160 2nd #4, listed 7/30 for $369k.
- 518 park 2L, listed 9/9 for $370k.
- 1450 Wash 415, listed 8/31 for $575k.
3 Sold
- 212 Jackson 3A, listed 6/18 for $355k, sold for 345k.
- 416 Monroe 2L listed 4/2 for $465k, sold for $448k.
- 650 2nd 5J, listed 6/10 for $559k, sold for $550k.
2-Bedroom Properties
11 Pending.
- 132 Madison 1L, listed 8/25 for $379k.
- 139 Park #3, listed 7/29 for $579k.
- 338 Bloom #4, listed 7/9 for $679k.
- 904 Jeff 6H, listed 9/1 for $750k.
- 114 Bloom #1, listed 7/30 for $809k.
- 215 Monroe #1, listed 8/19 for $815k.
- 452 2nd #4, listed 8/25 for $825k.
- 163 Newark 3B, listed 8/6 for $925k.
- 421 Court St. CH listed 9/20 for $1.15mil.
- 1425 Garden 406, listed 7/13 for $1.2mil.
- 1100 Maxwell 326, listed 6/17 for $1.28mil.
5 Sold
- 812 Grand 414, listed 7/7 for $749k, sold for $735k.
- 700 1st 10J, listed 6/20 for $799k, sold for $799k.
- 402 9th 6F, listed 5/23 for $899k, sold for $879k.
- 320 Bloom C, listed 6/11 for $1.09mil, sold for $1.05mil.
- 715 Grand 2E, listed 6/17 for $1.2mil, sold for $1.19mil.
3-Bedroom & larger Properties
1 Pending
- 908 Garden #1, listed 8/6 for $1.4mil.
2 Sold
- 723 Wash #4, listed 5/21 for $1.04mil, sold for $999k.
- 1500 Wash 8R, listed 6/2 for $1.6mil, sold for $1.59mil.
The information provided in this private transmission is only for the personal, non-commercial use of you, the consumer. It may not be
reproduced or distributed in any manner. It may not be used for any purpose other than to identify prospective properties you the consumers may be interested in purchasing or renting.
Sales numbers rounded up for convenience. Information is deemed to be reliable but not guaranteed.
I wonder if the number of new listings will start to level off pretty meaningfully sometime soon. There is little incentive for an incremental seller to put their property on the market at this moment — perhaps test the waters briefly but for those that can wait it out are starting to become heavily incentivized to do so.
Hopefully as Manhattan returns to a higher degree of normalcy the market dynamics starts to find a better equilibrium.
I agree, JR. But that may not be until after the winter. Cases are rising and the stock market is falling. The political world is in turmoil and an election is very near. Uncertainty is not good for real estate. Those who can wait it out, even if they choose to rent and take a slight loss, are probably better off then selling in this environment.