2011 Jan 27th

JC Weekly Thursday Wrap Up – Jersey City Condo Sales & Activity for the Week of January 27th

Downtown Jersey City Condo Sales & Activity – Week of January 27th!

HobokenRealEstateNews recognizes that our readership extends beyond our fair city’s one mile boundries. Hoboken buyers are often interested in what their money will buy in the downtown Jersey City market, just as Jersey City sellers often wish to reach out to affluent Hoboken buyers (and vice versa). As such, we now publish the Jersey City Weekly Thursday Wrap Up (WTWU) and we’ve expanded our popular Hoboken Open House Google Map to include downtown JC as well.

Please give us some feedback and let us know how you like these new features.

Here are this weeks numbers:

Disclaimer: The data relating to real estate transactions on this web site comes in part from the Hudson County MLS. While some of these listings are, in fact, our listings they are not ALL our listings nor do we hold them out as such. Century 21 Listings are identified with “C21” after the address. Other listings are from the MLS and are identified with “MLS” after the address. Information is deemed reliable but not guaranteed.

Studio & 1 Bedroom Downtown Jersey City Condos:

9 new listings

1 DABOs

0 sold

3 price reductions

146 total active 1BRs

Two Bedroom Downtown Jersey City Condos:

4 new listings

1 DABO

2 sold

3 price reductions

156 total active 2BRs

Three Bedroom and Larger Downtown Jersey City Condos:

1 new listings

2 DABOs

0 sold

1 price reduction

23 total active 3BRs

Downtown Jersey City Condo Open Houses

If you are in the market for a Jersey City condo, our Hoboken Open House Google Map now includes open houses in Downtown Jersey City and is your best source for locating every open house in Hoboken and Downtown JC. It is the single, most complete listing available and we were the first ones to do it. We compile the information by hand from all possible sources to provide you with all the information you need in one spot. It’s posted on Friday every week.

For more information you can always contact us at 201 993 9500.

Thanks for reading and, as always, we welcome your comments!

Posted by Lori Turoff | Currently 1 Comment »

2009 Dec 4th

Hoboken Condo Sales – The November Numbers. Hoboken Buyers Get More for Their Money

Why Are Average Sales Prices Stable When Price Per Square Foot is Dropping?

The November sales results are very interesting.

Take a look at the bottom two charts.  I compared this year’s monthly results to the past 3 years and noted the year-over-year changes.   For the sake of simplicity, let’s just look at the yearly average figures at the far right.  The average sales price of a Hoboken condo has decreased only a little.  The price per square foot has decreased by much more.  Why might that be? 

To date this year, 588 condos have sold for a total of $295mil in sales so far.  Last year 800 condos sold for a total of $423 mil in sales.  That represents a 30% decline in gross sales but only a 22% decline in total space sold.  The average unit size sold so far this year is 1060 square feet versus 1000 square feet last year.  Of course, I’ll complete the chart when we have all the data at year end. 

So what does this mean?  Basically, that you now get more for your money in the Hoboken condo market.  Buyers who were spending half a mil for a 1000 square foot 2 bedroom can now get closer to 1200 or 1300 square feet for the same price.  That is my theory and my day-to-day experience in the market (having closed more deals in 2009 for buyers than any other agent in Hoboken) bears that out.  Any quants out there want to contribute an alternative analysis?  I’d love to hear your ideas.

Posted by Lori Turoff | Currently 21 Comments »

2008 May 29th

The Wednesday Weekly Wrap-Up – Hoboken Condo Sales & Activity

breakfastbar.jpgBrownstone LivingBrownstone LivingHoboken Real Estate – Condo Sales and Inventory As Of May 27 th

Studio & One Bedroom Condos:

Total Active: 173
Under Contract (Dabo’d): 73

Sold (Deals Closed) This Week: 7 Average Sold Price: $385,714

New Listings This Week: 16
Two Bedroom Condos:

Total Active: 301
Under Contract: 110

Sold: 8 Average Sold Price: $615,000

New Listings: 8

Three Bedroom Condos or Bigger

Total Active: 58
Under Contract: 17

Sold: 0
New Listings: 2

Posted by Lori Turoff | Currently No Comments »

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap