2015 Dec 30th

The Shape of Things To Come – Hoboken Condo Sales

6mo chart

 

It’s a few days early and the year-end sales results may not be fully reported until the beginning of January but this gives you a pretty good idea of the current state of the Hoboken real estate market.

Inventory is at a historic low with fewer than 80 condos listed for sale today. Prices for the month of December were up 25% over last December. The average Hoboken condo sells for just under $700,000. The median price of a condo sold in Hoboken this year was $615,000. Prices this year were up about 14% over last year. There were just about 1,000 transactions closed on the multiple listing service (new construction sales through developer sales office are not included).

What does this mean for you? If you are looking to buy a condo in Hoboken in 2016, be prepared for fierce competition, multiple bids, over asking sales prices and continued price increases. If you are selling, you call all the shots. As always, buyers especially, need an extremely experienced agent to help you navigate these waters. The Turoff Team has been successfully helping buyers and sellers in Hoboken for the past 12 years. It’s what we do – full time. Give us a call at 201 993 9500 to learn how we can help you buy the home of your dreams.

More stats and charts will be published here in the next few weeks.

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Posted by Lori Turoff | Currently No Comments »

2015 Dec 29th

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of December 30th, 2015

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As of December 30th, 2015:

  • 89 active Hoboken listings
  • 76 Condo & Co-op listings, compared to 87 last week
  • 8 Single-family listings, compared to 9 last week
  • 5 Multi-family listings, compared to 6 last week

 

This Week’s Residential Property Sales & Activity:

  • 8 DABOs (Deposit Accepted By Owner and Under Contract) vs 12 last week
  • 29 Sold vs 17 last week
  • 2 New listings vs. 10 last week
  • 1 Price change vs. 3 last week
  • 1 expired listings vs. 0 last week

 

Studio & 1-Bedroom Properties

21 Active listings

0 New listings

0 Price changes

4 DABOs

  • 308 Monroe St., 1L listed Jun 8 for $315K; reduced Aug 5 to $299K;
  • 2 Constitution Ct., 415 listed Dec 22 for $536K;
  • 1500 Hudson St., 9P listed Dec 16 for $545K;
  • 1500 Washington St., 5J listed Sept 17 for $585K;

12 Sold

  • 358 3rd St., 1L listed Nov 6 for $329K; sold for $325K;
  • 706 Willow Ave., 2R listed Nov 9 for $365K; sold for $370K;
  • 416 Monroe St., 4 listed Sept 11 for $415K; sold for $400K;
  • 300 Newark St., 2L listed Oct 21 for $449K; sold for $467K;
  • 261 4th St., 1 listed Oct 19 for $509K; sold for $509K;
  • 659 1st St., 306 listed Sept 21 for $499K; sold for $520K;
  • 812 Grand St., 308 listed Oct 22 for $525K; sold for $535K;
  • 812 Grand St., 206 listed Nov 11 for $539K; sold for $547K;
  • 80 Bloomfield St., 6C listed Nov 5 for $540K; sold for $570K;
  • 1500 Washington St., 12M listed Oct 20 for $600K; sold for $615K;
  • 219 Monroe St., 1 listed Oct 7 for $680K; sold for $656K;
  • 1450 Washington St., 612 listed Sept 19 for $799K; reduced Sept 29 to $749K; sold for $725K;

 

2-Bedroom Properties

40 Active listings

1 New listing

0 Price changes

2 DABOs

  • 405 Jefferson St., 2 listed Oct 20 for $815K; reduced Dec 1 to $795K;
  • 800 Jackson St., 903 listed Aug 17 for $975K; reduced Oct 21 to $900K;
14 Sold
  • 734 Adams St., 3B lsited Sept 16 for $349K; sold for $345K;
  • 901 Garden St., 2 listed Aug 26 for $589K; reduced Sept 4 to $569K; reduced Sept 21 to $559K; reduced Oct 12 to $549K; sold for $540K;
  • 1010 Willow Ave., 4 listed Oct 30 for $575K; sold for $575K;
  • 221 Willow Ave., 3L listed Oct 8 for $619K; sold for $619K;
  • 128 Harrison St., 403 listed July 17 for $669K; sold for $645K;
  • 501 9th St., 408 listed Oct 22 for $649K; sold for $647K;
  • 530 Madison St., 3B listed Oct 10 for $640K; sold for $649K;
  • 933 Garden St., 2 listed Oct 15 for $575K; sold for $665K;
  • 704 Clinton St., 5B listed Oct 24 for $690K; sold for $690K;
  • 84 Adams St., 4D listed Sept 22 for $685K; sold for $695K;
  • 659 1st St., 407 listed Oct 15 for $689K; sold for $709K;
  • 101 Park Ave., 3C listed Oct 8 for $849K; sold for $836K;
  • 1500 Hudson St., 11V listed Nov 1 for $899K; sold for $880K;
  • 319 Park Ave., A listed Oct 30 for $900K; sold for $895K;

 

3-Bedroom & Larger Properties

15 Active listings

1 New listing

1 Price change

5 Multi-Family Active listings

8 Single-Family Active listings

2 DABOs

  • 262 7th St., listed Sept 25 for $1.299M;
  • 64 Jefferson St., B listed Oct 8 for $1.350M;

3 Sold

Posted by Nathan Turoff | Currently No Comments »

2015 Dec 23rd

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of December 23rd, 2015

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As of December 23rd, 2015:

  • 102 active Hoboken listings
  • 87 Condo & Co-op listings, compared to 91 last week
  • 9 Single-family listings, compared to 11 last week
  • 6 Multi-family listings, compared to 7 last week

 

This Week’s Residential Property Sales & Activity:

  • 12 DABOs (Deposit Accepted By Owner and Under Contract) vs 17 last week
  • 17 Sold vs 29 last week
  • 10 New listings vs. 12 last week
  • 3 Price changes vs. 7 last week
  • 0 expired listings vs. 1 last week

 

Studio & 1-Bedroom Properties

27 Active listings

3 New listings

2 Price changes

3 DABOs

  • 163 14th St., 3S listed Dec 2 for $439K;
  • 2 Constitution Ct., 605 listed Dec 9 for $559K;
  • 600 Hudson St., 0B listed Oct 20 for $590K; reduced Nov 10 to $575K;

4 Sold

  • 812 Grand St., 308 listed Oct 22 for $525K; sold for $535K;
  • 501 9th St., 504 listed Oct 8 for $520K; sold for $539K;
  • 219 Monroe St., 1 listed Oct 7 for $680K; sold for $656K;
  • 1125 Maxwell Ln., 1116 listed Oct 19 for $839K; sold for $809K;

 

2-Bedroom Properties

42 Active listings

6 New listings

0 Price changes

8 DABOs

  • 801 Willow Ave., 1R listed Aug 11 for $535K;
  • 729 Madison St., 1B listed Dec 9 for $639K;
  • 75 Jefferson St., 3 listed Dec 10 for $700K;
  • 1301 Adams St., 506 listed Dec 3 for $750K;
  • 325 Adams St., 1 listed Oct 28 for $775K;
  • 128 Harrison St., 201 listed Oct 30 for $799K;
  • 600 Hudson St., 1C listed Oct 14 for $915K;
  • 128 Harrison St., 601 listed Dec 18 for $925K;
7 Sold
  • 222 Willow Ave., 1B listed Sept 23 for $509K; sold for $517K;
  • 933 Garden St., 2 listed Oct 15 for $575K; sold for $665K;
  • 704 Clinton St., 5B listed Oct 24 for $690K; sold for $690K;
  • 659 1st St., 407 listed Oct 15 for $689K; sold for $709K;
  • 605-607 Willow Ave., 3B listed Sept 26 for $749K; sold for $749K;
  • 1500 Garden St., 1B listed Sept 25 for $800K; sold for $775K;
  • 2 Constitution Ct., PH12 listed Nov 4 for $1.250M; sold for $1.250M;

 

3-Bedroom & Larger Properties

18 Active listings

1 New listing

1 Price change

6 Multi-Family Active listings

9 Single-Family Active listings

1 DABO

  • 534 Bloomfield St., listed Dec 3 for $2.699M;

6 Sold

Posted by Nathan Turoff | Currently 5 Comments »

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