2017 Apr 5th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of April 5th, 2017

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As of April 5, 2017:

  • 154 active Hoboken listings
  • 108 Condo & Co-op listings, compared to 104 last week
  • 29 Single-family listings, compared to 29 last week
  • 10 Multi-family listings, compared to 10 last week

This Week’s Residential Property Sales & Activity:

  • 11 DABOs (Deposit Accepted By Owner and Under Contract) vs 19 last week
  • 21 Sold vs 18 last week
  • 34 New listings vs. 33 last week
  • 3 Price changes vs. 6 last week
  • 2 expired listings vs. 0 last week

Studio & 1-Bedroom Properties

27 Active listings

7 New listings

0 Price changes

4 DABOs

  • 512 1st St., 4 listed Mar 25 for $329K;
  • 124 Madison St., 3L listed Mar 29 for $389K;
  • 209 8th St., 2 listed Mar 24 for $399K;
  • 100 Park Ave., 2 listed Mar 23 for $419K;

8 Sold

  • 741 Park Ave., 3 listed Jan 4 for $430K; sold for $436K;
  • 208 Willow Ave., 203 listed Feb 7 for $430K; sold for $448K;
  • 920 Jefferson St., 205 listed Feb 13 for $450K; sold for $456K;
  • 222 Monroe St., 2RS listed Jan 2 for $450K; sold for $485K;
  • 1302 Park Ave., 1S listed Nov 8 for $539K; reduced Dec 21 to $519K; sold for $503K;
  • 463 1st St., 6D listed Jan 3 for $510K; sold for $505K;
  • 108 Jackson St., 2C listed Feb 15 for $569K; sold for $577K;
  • 1500 Washington St., 12N listed Feb 15 for $615K; sold for $625K;

2-Bedroom Properties

45 Active listings

7 New listings

0 Price changes

4 DABOs

  • 1122 Hudson St., 4A listed Mar 21 for $545K;
  • 209 Garden St., 2 listed Mar 21 for $619K;
  • 2 Paterson Ave., 2B listed Mar 22 for $829K;
  • 107 Jackson St., 1 listed Mar 16 for $849K;
5 Sold
  • 207 14th St., 3L listed Feb 1 for $525K; sold for $530K;
  • 400 9th St., W2F listed Oct 28 for $759K; sold for $750K;
  • 109 Jackson St., 3E listed Feb 10 for $769K; sold for $771K;
  • 215 Grand St., 2R listed Feb 8 for $775K; sold for $818K;
  • 830 Monroe St., 2J listed Jan 13 for $825K; sold for $850K;

3-Bedroom & Larger Properties

36 Active listings

20 New listings

3 Price changes

15 Multi-Family Active listings

31 Single-Family Active listings

3 DABOs

  • 206 Adams St., 4 listed Feb 13 for $780K; reduced Mar 23 to $760K;
  • 89 Jefferson St., 5A listed Mar 29 for $1.0M;
  • 662 1st St., 4B listed Mar 23 for $1.099M;

8 Sold

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Posted by Nathan Turoff | Currently No Comments »

2017 Apr 4th

The Moving Average Sales Prices of Hoboken Condos

First, you may wonder what the importance of moving averages is to sales prices.  Simply put, they smooth out the short term, month-to-month fluctuations that are inherent in the market.  Many of you who work in finance are familiar with their use and different forms.

Here is the 3 and 6 month moving average chart.


No question that there is a downturn in the past few months. Too soon to venture a theory as to what is driving it but I’ll stay on it. Now if any of you quants out there have a formula/model I could borrow to do a weighted moving average I would be forever grateful!

Posted by Lori Turoff | Currently 13 Comments »

2017 Apr 3rd

The March Hoboken Condo Sales Results

What a strange month. Clearly down from prior months.  Almost even with year ago in absolute terms but up on a per square foot basis. Moreover, 1-Bedroom prices soared. More coming onto the market but they’re selling as fast as they are listed. I’ll post the rolling averages shortly. Stay tuned.

Posted by Lori Turoff | Currently No Comments »

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