2009 Feb 25th

The Weekly Wednesday Wrap Up – Hoboken Condo Sales & Inventory for the Week Ending 2/24

Research, analysis & post by Lori Turoff

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What’s new in Hoboken?

We’ve got a fiscal stimulus bill with some benefits for some home buyers, (the details of which are still a bit murky) yet the NY Times reports that homes sales are at the slowest pace in a more than a decade. Recent Hoboken sales activity certainly seems follow that trend.

In just a few days I’ll have the the monthly numbers for February so check back to see the results.

Studio & 1 Bedroom Hoboken Condos:

170 total active – $448,902 average asking price.   93 average DOM so far.

4 Dabos – 253 DOM.

2 sold – $374,450 average sales price.   56 average DOM.

 13 new listings – average list price $391,223.

11 price changes.

Two Bedroom Hoboken Condos:

291 total active – average asking price $659,773. 112 DOM so far.

3 dabos – after 78 average DOM

1 sale – at $619,000 sale price, 120  DOM .

22 price changes

15 new 2BR listings – average list price $639,037.

Three Bedroom and Larger Hoboken Condos:

57 active 3BR condos – average asking price $1,158,664. 140 DOM so far.

None went under contract.

None sold.

2 price changes

No new 3 bedroom listings.

Hoboken Condo Open Houses

If you are in the market for a Hoboken condo, don’t forget to check our Hoboken Open House Google Map on Friday, Saturday & Sunday to see if any of the new listings (or old ones) are having open houses this weekend. The map is updated every week so even if your google search seems to pull up an older version, when you click on the link you’ll see the current version.


Posted by Lori Turoff | Currently 34 Comments »

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