2010 Jun 8th

The May Hoboken Condo Sales 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.

Posted by Lori Turoff | Currently 38 Comments »

2010 May 5th

April Results – Hoboken Condo Sales

Have a look at the Hoboken condo sales numbers:

Here are the April Hoboken condo sales results.  The number of units sold in April has jumped back to historic levels, compared to the past few months but inventory is still lurking in the mid-500’s.

Here is a comparison to past years:

Posted by Lori Turoff | Currently No Comments »

2010 Apr 5th

Hoboken Condo Sales – the March Results

Here are the results for March:

The look interesting because even though everyone says last year was the worst year and now things have gotten better, prices are down from last year, listings are up and (at least one good thing) sales are up a bit although not near what they need to be.

Here is a look at current performance compared to prior years:

The 1st Quarter results will be posted in a day or two – as soon as I have some time.

Posted by Lori Turoff | Currently 18 Comments »

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