2008 Jun 20th

The Weekly Wednesday Wrap Up – Hoboken Property Inventory & Activity

Hoboken Real Estate – Condo Sales and Inventory As Of June 18th

Hoboken condo inventory continues to increase even though it’s summer time, traditionally a slower season for putting properties on the market.  Next week will be the end of the first half of the month and I’ll post a full report on market activity at the start of July.

Studio & One Bedroom Condos:

Total Active: 151  Under Contract (Dabo’d): 79

Sold (Deals Closed) This Week:  8

Average Sold Price: $395,875

New Listings This Week: 8

Two Bedroom Condos:

Total Active: 299   Under Contract: 116

Sold:  10

Average Sold Price: $596,700

New Listings:  32

Three Bedroom Condos or Bigger

Total Active: 55  Under Contract:  13

Sold: 4

Price: $641,250

New Listings: 3

Posted by Lori Turoff | Currently 11 Comments »

2008 Mar 1st

Hoboken Condo Sales – February ‘08 Numbers

Hoboken Real Estate Market Results Are Mixed

For the month of February the average sales price of condos sold was $537,688 – higher than February ’07 but down a bit from last month. See chart below. Similarly, the average asking price of a Hoboken condo listed on the MLS ($557,795) is up from last year but down from last month.
Interestingly, the median sales price is up almost 10% and is now at $545,000 due to a number of pricey Observer Lofts closings included in the February numbers. Without those closings, the median would have been $495,000.Where are the cars?

Average price per square foot for a Hoboken condo listed on the MLS is now at $494. Last month it was $497 and a year ago February was $509.

What’s the Inventory of Hoboken Condos ?

The number of listings for the month of February 122 was slightly higher than in January – 118. Still quite a bit lower than this time last year when there were 155 listings in January and 131 in February.

Hoboken Condos Linger Longer .

Average number of days on the market was 85in February versus 65 in January. It’s taking Hoboken Condos longer to sell compared to years like ’06, when the number was in the 60’s.

Hoboken February Condo Numbers:

Posted by Lori Turoff | Currently Comments Off on Hoboken Condo Sales – February ‘08 Numbers

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