2020 Jul 21st

The June Hoboken Condo Sales Results

The June sales prices are certainly higher than in the past. What worries me is inventory levels. When I first looked at it, I thought I’d made an error but inventory is climbing. Look at the absorption rate. That means it will take 6.7 months to sell the current properties for sale at this past month’s rate of sale. A “normal” market has an absorption rate of about 2 months. What is really strange is the disconnect between rising prices and rising inventory. They usually have worked in opposition to each other.

Here are the numbers:

Here is the three month rolling average of sales prices (Scroll to see the whole chart):

Posted by Lori Turoff | Currently 3 Comments »

2020 Jul 9th

The Hoboken Weekly Wednesday Wrap Up for the Week Ending July 8th

Week ending July 8th, 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.

  1. (valid email required)
 

  •  323 active Hoboken listings
  •  Inventory (297 total) has gone over 250 units requiring two links.
  • First 250 Condo & Co-op listings
  • Remaining 47 Condo listings
  • 28 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

6 Pending.

7 Sold

2-Bedroom Properties

10 Pending.

5 Sold

3-Bedroom & larger Properties

2 Pending.

  • 204 Jackson #8 listed 7/8 for $810k.
  • 812 Grand 210 listed 7/2 for $925k.

3 Sold.

  • 10 Paterson 2B listed 9/12 for $1.36mil, sold for $1.35mil.
  • 1425 Hudson 8A listed 1/16 for $2.5mil, sold for $2.48mil.
  • 1425 Hudson 10G listed 9/26 for $3.03mil, sold for $3.17mil.

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.

Posted by Lori Turoff | Currently No Comments »

2020 Jul 1st

The Weekly Wednesday Wrap Up for the Week Ending July 1, 2020

Week ending July 1, 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.

  1. (valid email required)
 

  •  323 active Hoboken listings
  •  Inventory has gone over 250 units requiring two links.
  • First 250 Condo & Co-op listings
  • Remaining 37 Condo listings
  • 36 Single-family and Multi-family  

This Week’s Residential Property Sales & Activity:

Studio & 1-Bedroom Properties

10 Pending.

7 Sold

2-Bedroom Properties

11 Pending.

9 Sold

3-Bedroom & larger Properties

4 Pending.

  • 81 Jeff #2, listed 6/17 for $799k.
  • 150 6th #3, listed 4/29 for $840k.
  • 901 Hudson E, listed 5/26 for $1.99mil.
  • 408 Adams #2, listed 4/17 for $1.995mil.

1 Sold.

  • 1125 Maxwell 1114, listed 2/28 for $1.95mil, sold for $1.92mil.

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.

Posted by Lori Turoff | Currently No Comments »

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