2011 Mar 7th

Hoboken Condo Sales – the February Results

February 2011 Hoboken Condo Sales Results

What does it mean?  There isn’t much to say except that the market is clearly down from a year ago.  Almost every measure shows a decline.  Except for median price per square foot and inventory.  That there are fewer units for sale is a good thing.

The surprising thing to me is that just last week I had multiple offers on my own listing, was involved in a multiple offer situation with one of my buyers (who did not get the property) and had another buyer who wanted to see a property this weekend but in just a week it is already under contract.  For the more desirable units, it seems that prices have come low enough to make them attractive – to multiple parties.

Posted by Lori Turoff | Currently 26 Comments »

2010 Oct 11th

The September Hoboken Condo Sales Results

Bank Foreclosure Problems are the Big News Right Now

Fortunately, this won’t be a big problem for Hoboken as we’ve had so few foreclosures or even short sales.  Elsewhere, there is debate as to whether the banks’ halt on foreclosures will lend stability to the market or create even more uncertainty.  Now the title insurance industry is being affected as victims of the fraudulent foreclosures may potentially make a claim against an innocent, subsequent purchaser of the foreclosed property.

September Sales Seem Steady & Stable

Here in Hoboken, condo sales seem to be happening at a pretty even pace aside for the bump up in the Spring caused by the expiration of the tax credit.  Both price per square foot and average sales price rose last month.  I’ll be posting the quarterly results tomorrow but here is the chart for the month of September:

Posted by Lori Turoff | Currently No Comments »

2010 Jul 19th

The June Hoboken Condo Sales Results

Here is the latest:

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