2008 Jul 26th

Hoboken Condo Sales – How Many Condos Have Actually Sold?

Why the Volatility in Number of Hoboken Condos Sold?

The Hoboken real estate market is full of surprises. It’s especially interesting to me to see the average price of Hoboken condos sold follow such a visible upward trend while the actual number of units sold seems to fluctuate quite a bit. I wonder if the number of new construction units sold off of the MLS were added to these figures the line might be less volatile. Unfortunately, I don’t have a simple way to include those Hoboken sales.

Here is the chart:

Here are the underlying numbers:

See also:  Days on Market

Posted by Lori Turoff | Currently No Comments »

2008 Jul 25th

How Quickly Will My Hoboken Condo Sell?

Sellers Want To Know – How Many Days Will It Take to Sell a Condo in Hoboken?

This is another very common question. The answer, of course, is “it depends”. It depends mostly on the asking price but also on things like location, condition, accessibility and the supply and demand of the market. Here is a chart that shows the average number of days it took to sell a Hoboken condo by quarter, from 2000 to present.

Here are the associated numbers (use scroll bar to see them all):

Yesterday I posted the average sales price of Hoboken condos.  Tomorrow will be average list price and the amount of discount of the list price for which units sold.

Posted by Lori Turoff | Currently No Comments »

2008 Jul 24th

Hoboken Condo Sales – A Look Back

Where Are Hoboken Condo Sales Headed?

The single question I am asked the most is “what is happening in the Hoboken condo market“. I often say, if I could predict the future I would be in Vegas. Nonetheless, a look at the past may still be informative. For the next week, as part of the mid-year Hoboken condo sales market analysis, I will be posting some interesting charts and numbers related to Hoboken real estate. Here is the first one. This shows average sales prices of Hoboken condos (listed on the MLS only) by quarter, from the beginning of 2000 to date.

Here are the underlying numbers: (use the scroll bar below to see the full chart)

Posted by Lori Turoff | Currently 4 Comments »

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap