2009 Apr 7th

The Hoboken Condo Market – Quarterly Results From 2000 to Date

Want to Know What’s Happened in the Hoboken Condo Market by Quarter for the Past 10 Years?

We have compiled some detailed statistics and a very big spreadsheet and accompanying charts showing all sorts of juicy data such as average sales price, median sales price, number of transactions, comparing Hoboken to Manhattan and more.  Problem is, it is too big to embed into a post.  So if you send me an email at [email protected] with the subject “quarterly Hoboken figures” I will invite you to view the google doc.  You need a gmail account to view google docs and if you don’t have one you can create one very easily for free.  You don’t have to email me from the gmail address, though.

Here’s a small taste:

median__square_foot

Posted by Lori Turoff | Currently 2 Comments »

2009 Jan 5th

Hoboken Condo Sales Figures: The December Results – Part I

Few Hoboken Condos Sell – But Those That Do, Fetch Decent Prices

There is no doubt that the past few months have been slow ones for Hoboken real estate sales. It may not be long before we start seeing some real estate agencies closing (see Cupo Real Estate) and many idle agents looking for new ways to earn a buck. Believe me, I am the first to agree that Hoboken has way too many realtors, nail salons and banks. I’ll be glad to see some of them go. Sales volume in the Hoboken real estate market has slowed down to a trickle. From a high of 91 condo sales that closed in October, we’re down to only 25 in December. (Remember, that’s just sales through the MLS – not new construction sold directly by the developer, like Toll Bros., and it’s not for sale by owner properties – as if any of those actually sell in this market). Listings are also down to 73 in December from March’s high of 233.

Here is the chart:

Here are the numbers shown against those from the past 2 years:

This is something to get you started thinking. I’ll be attending a conference this week starting tomorrow but will continue to post more details and analysis on the year-end Hoboken condo market sales results over the next few weeks.

Posted by Lori Turoff | Currently 2 Comments »

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