The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of February 1st, 2012
Categories: For Buyers, For Sellers, Hoboken Condos, Weekly Wednesday Wrap Up
If you’re like me, you love nothing more than stealing a few hours to study the trends and analyze the data related to Hoboken real estate. Earlier this week, I posted about the absorption rate in the market. Looking at today’s edition of the wrap-up, I think you’ll notice another trend coming into focus: the diminishing–or disappearing–discount rate.
If you look at wrap-ups from 6 months ago, you’ll see that the DABO listings for individual properties often included multiple price reductions. In recent weeks, the majority of DABO listings show only the price at which the property was listed initially. Even the detailed listings for properties which have sold are beginning to show fewer reductions between the price at DABO and the final sales price. What does that mean? Properties that sell aren’t on the market long enough for the sellers to need to reduce their asking price, and buyers are making full-price offers. Food for thought…
This Week’s Condo Sales & Activity versus last week’s:
- 205 active Hoboken condo units – vs. 210 last week
- 15 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 10 last week
- 7 Sold vs. 13 last week
- 17 New listings vs. 30 last week
- 3 Price change vs. 4 last week
- 1 Expired listings vs. 3 last week
1 Bedroom & Studio Condos
4 New listings
2 Price Changes
89 Active
5 DABO’s
- 235 Park Ave., 1 listed Jan 19 for $262K;
- 812 Grand St., 212 listed Jan 19 for $375K;
- 1015 Washington St., 1 listed Jan 3 for $320K;
- 1001 Clinton St., 3B listed Nov 14 for $309K;
- 1201 Willow Ave., 5R listed Nov 7 for $359K;
2 Sold
- 73 Garden St., 2L listed June 10 for $320K; reduced Aug 17 to $305K; reduced Sept 26 to 299K; sold for $280K;
- 1110 Clinton St., 7 listed Sept 22 for $395K; sold for $380K;
2 Bedroom Condos
11 New listings
1 Price change
99 Active
8 DABOs
- 600 Hudson St., 0A listed Jan 13 for $589K;
- 1325 Adams St., 605 listed Jan 10 for $499K;
- 609-615 Observer Hghwy., 403 listed Jan 5 for $569K;
- 224 Park Ave., 2 listed Dec 9 for $469K; reduced Dec 16 to $449K;
- 1500 Garden St., 2F listed Dec 1 for $1.295 Mil;
- 83 Monroe St., 3A listed Oct 21 for $475K; reduced Jan 11 to $465K;
- 1108 Hudson St., 5A listed Oct 17 for $525K; reduced Nov 29 to $514K;
- 813 Park Ave., 1L listed April 20 for $319K; reduced Aug 30 to $299K;
3 Sold
- 464 Newark St., 3A listed Sept 19 for $450K; reduced Oct 14 to $429K; sold for $421K;
- 721 Madison St., 4S listed Nov 11 for $479K; reduced Nov 26 to $466K; sold for $448K;
- 800 Jackson St., 608 listed Sept 13 for $581K; reduced Oct 13 to $570K; sold for $531K;
3 Bedroom & Bigger Condos
2 new listings
No price changes
17 Active
- 111 Garden St., A listed Jan 17 for $915K;
- 833 Willow Ave., 4 listed Jan 11 for $729K;
- 604-606 Monroe St., 8 listed Sept 30 for $799K; reduced Oct 12 to $785K; sold for $765K;
- 1119 Washington St., 1 listed Sept 22 for $875K sold for $790K;
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The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of January 25th, 2012
Categories: For Buyers, For Sellers, Hoboken Condos, Weekly Wednesday Wrap Up
This Week’s Condo Sales & Activity versus last week’s:
- 210 active Hoboken condo units – vs. 202 last week
- 10 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 7 last week
- 13 Sold vs. 10 last week
- 30 New listings vs. 30 last week
- 4 Price change vs. 8 last week
- 3 Expired listings vs. 2 last week
1 Bedroom & Studio Condos
15 New listings
No price Changes89 Active
5 DABO’s
- 157 7th St., 1 listed Sept 7 for 199K; increased Nov 11 to 209K;
- 1015 Washington St., 1 listed Jan 3 for $319K;
- 232 Park Ave., 7 listed Dec 15 for $265K;
- 422 Madison St., 3L listed Dec 7 for $209K;
- 72 Garden St., 4 listed July 7 for $280K; decreased Sept 7 to $270K; reduced Nov 7 to $260K;
3 Sold
- 232 Park Ave., 6 listed Oct 20 for $280K; reduced Nov 4 to $266K; sold for $260K;
- 1325 Adams St., 202 listed May 6 for $409K; reduced June 29 to $395K; sold for $370K;
- 79 Monroe St., 2RN listed April 7 for $318K; reduced July 15 to $299K; sold for $285K;
2 Bedroom Condos
11 New listings
4 Price changes
101 Active
4 DABOs
- 1034 Clinton St., 416 listed Jan 17 for $599K;
- 1034 Clinton St., 106 listed Jan 10 for $489K;
- 700 First St., 3P listed Jan 5 for $460K;
- 219-221 Grand St., 3B listed Oct 13 for $569K; reduced Nov 9 to $559K; reduced Nov 23 $545K;
8 Sold
- 509 Bloomfield St. listed Nov 17 for $585K; sold for $575K;
- 605-607 Willow Ave., 3B listed Nov 26 for $600K; reduced Nov 17 to $579K; sold for $557K;
- 1100 Adams St., 611 listed Oct 25 for $510K; sold for $515K;
- 415 Newark St., 8F listed Oct 19 for $465K; sold for $460K;
- 1500 Washington St., 8L listed Oct 17 for $745K; sold for $680K;
- 940 Bloomfield St., 4 listed Oct 17 for $399K; sold for $385K;
- 650 Second St., 3F listed Sept 7 for $525K; reduced Sept 30 to $499K; sold for $493K;
- 123-125 Jackson St., 4A listed Mar 30 for $510K; reduced June 7 to $499K; sold for $492K;
3 Bedroom & Bigger Condos
4 new listings
No price changes
20 Active
- 551 Observer Hghwy., PH-N listed Aug 20 for $744K; reduced Sept 19 to $717K; reduced Oct 4 to $667K; reduced Dec 8 to $567K;
- 1107 Willow Ave., 3 listed Sept 22 for $699K; sold for $675K;
- 712 Grand St., 3 listed Aug 12 for $515K; reduced Sept 12 to $500K; sold for $470K;
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The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Activity for the Week of January 18th, 2012
Categories: For Buyers, For Sellers, Hoboken Condos, Market Analysis, Weekly Wednesday Wrap Up
This Week’s Condo Sales & Activity versus last week’s:
- 202 active Hoboken condo units – vs. 198 last week
- 7 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 7 last week
- 10 Sold vs. 9 last week
- 30 New listings vs. 35 last week
- 8 Price change vs. 6 last week
- 2 Expired listings vs. 2 last week
1 Bedroom & Studio Condos
11 New listings
1 price change
82 Active
2 DABO’s
- 84 Bloomfield St., 2 listed Dec 14 for $345K;
- 211 Adams St., 7 listed Dec 5 for $259K;
4 Sold
- 1501 Garden St., 9I listed Aug 4 for $585K; sold for $585K;
- 311 First St., 3B listed Oct 10 for $369K; sold for $365K;
- 650 2nd St., 5BX listed Sept 30 for $367K; sold for $364K;
- 300 First St., 3N listed Sept 19 for $310K; reduced Sept 30 to $300K; reduced Nov 2 to $275K; sold for $257K;
2 Bedroom Condos
13 New listings
7 Price changes
102 Active
3 DABOs
- 108 14th St., 2E listed for Nov 3 for $299K;
- 700 First St., 4J listed Dec 3 for $450K;
- 1450 Washington St., 417 listed Sept 7 for $661K; increased Oct 10 to $663K; increased Nov 27 to $678K; increased Dec 11 to $688K; increased Dec 21 to $695K;
6 Sold
- 159-161 6th St., 2 listed Oct 17 for $650K; sold for $640K;
- 508 Grand St., 4L listed Oct 9 for $399K; sold for $390K;
- 1025 Maxwell Ln., 1108 listed Oct 10 for $868K; sold for $836K;
- 700 First St., 7K listed Aug 29 for $445K; reduced Sept 23 to $430K; sold for $415K;
- 507 Madison St., 3 listed Aug 15 for $499K; sold for $480K;
- 800 Jackson St., 802 listed July 28 for $520K; reduced Oct 13 to $500K; sold for $503K;
3 Bedroom & Bigger Condos
6 new listings
No price changes
18 Active
- 415 Madison St., 2 listed Dec 8 for $585K;
- 714-716 Hudson St., 2 listed Oct 1 for $875K;
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