The July Hoboken Condo Sale Activity – The Numbers Are In
Categories: For Buyers, For Sellers, Hoboken Condos, monthly results
Here are the results of sales activity for July. 
Two things stand out to me – the average price per square foot is lower again; and the number of sales while lower than the past is higher than I expected for the dead of summer and after the expiration of the tax credit. Listings also seem to be down a bit. If we could only soak up a bit of that excess inventory things might be looking up again. Buyers – all time historic low interest rates – under 4.5%. That’s an opportunity in and of itself.
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The June Hoboken Condo Sales Results
Categories: For Buyers, For Sellers, Hoboken Condos, Market Analysis, monthly results
Here is the latest:
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The May Hoboken Condo Sales Results
Categories: Hoboken Condos, Market Analysis, monthly results
Just What Does it Mean? More Fuel for the Fire
There have been, literally, hundreds of comments in the past few weeks over the state of the Hoboken real estate market. I don’t think this one will be resolved any time soon but here are the May sales results. List price is down, average sales price is down, median sales price is down, but both average and median price per square foot is up.
Sales volume is better than it’s been in the past but nowhere near where it would need to be to soak up all the inventory on hand. To me, that is the critical figure – there are simply too many properties for sale in the Hoboken market.
My question to the nay-sayers, however, is this: if real estate is going to crash and burn, where do you invest? The stock market is down, interest rates are effectively zero. I’d love to hear predictions for which investments are likely to perform well in a doom and gloom scenario. That’s not to say I’m a believer – just curious to hear your thoughts.
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