Good national news! For the first time since early 2007, a composite index of 20 major cities was virtually flat, instead of down.
Read todays NY Times article on this encouraging national trend.
Ok, here is last weeks activity.
Weekly statistics 7/19/09- 7/26/09
6 condos went into contract last week, down form the previous week number of 9 units
9 condos closed last week. 16 closings the previous report.
As of today, there are a total of 168 Hoboken properties pending to close.
FIRM ACCEPTED OFFERS:
Studio & 1 bedroom
3 accepted offers
These averaged 70 days on market.
| CONDO-COOP – Pending | |||||||
| ADDRESS | Area | Sq Feet | TotFB | Beds | DOM | LP | SP |
| 115 WILLOW AVE | Hoboken | 550 | 1 | 1 | 30 | $329,900 | |
| 551 OBSERVER HIGHWAY | Hoboken | 806 | 1 | 1 | 82 | $359,000 | |
| 1300 HUDSON ST | Hoboken | 725 | 1 | 1 | 100 | $379,000 | |
| Total Listings | Avg | Avg | Avg | ||||
| 3 | 70 | $355,966 |
2 bedrooms
Just 1 condo had an accepted offer
Days on market was 82
| CONDO-COOP – Pending | |||||||
| ADDRESS | Area | Sq Feet | TotFB | Beds | DOM | LP | SP |
| 924-926 JEFFERSON ST | Hoboken | 1040 | 2 | 2 | 89 | $509,900 | |
| Total Listings | Avg | Avg | Avg | ||||
| 1 | 89 | $509,900 |
3-4 bedrooms:
2 accepted offers
They averaged 57 days on market
| CONDO-COOP – Pending | |||||||
| ADDRESS | Area | Sq Feet | TotFB | Beds | DOM | LP | SP |
| 607 CLINTON ST | Hoboken | 1324 | 2 | 3 | 56 | $499,000 | |
| 604 GRAND ST | Hoboken | 1701 | 2 | 3 | 59 | $789,900 | |
| Total Listings | Avg | Avg | Avg | ||||
| 2 | 57 | $644,450 |
SOLD CONDOS:
Studios & 1 bedroom:
4 units sold
AVERAGE LIST TO SELLING PRICE: -1.17% (not bad!)
2 bedrooms:
12 units sold.
| ADDRESS | Area | Sq Feet | TotFB | Beds | DOM | LP | SP |
| 625 WASHINGTON ST | Hoboken | 820 | 1 | 2 | 115 | $409,900 | $395,000 |
| 919 PARK AVE | Hoboken | 834 | 1 | 2 | 61 | $435,000 | $410,000 |
| 1012-1014 PARK AVE | Hoboken | 872 | 1 | 2 | 22 | $415,000 | $415,000 |
| 700 1ST ST | Hoboken | 1019 | 2 | 2 | 35 | $449,000 | $432,050 |
| 818 JEFFERSON ST | Hoboken | 920 | 1 | 2 | 120 | $469,000 | $435,000 |
| 1034 CLINTON ST | Hoboken | 1074 | 2 | 2 | 43 | $469,000 | $459,000 |
| 262 1ST ST | Hoboken | 1051 | 1 | 2 | 40 | $499,900 | $469,000 |
| 2 CONSTITUTION CT | Hoboken | 1143 | 2 | 2 | 169 | $600,000 | $520,000 |
| 1100 ADAMS ST | Hoboken | 1248 | 2 | 2 | 175 | $565,000 | $564,000 |
| 415 ADAMS ST | Hoboken | 1300 | 2 | 2 | 90 | $599,000 | $570,000 |
| 1331 GRAND ST | Hoboken | 1273 | 2 | 2 | 201 | $609,900 | $582,500 |
| 1425 GARDEN ST | Hoboken | 1465 | 2 | 2 | 447 | $787,500 | $675,000 |
| Total Listings | Avg | Avg | Avg | ||||
| 12 | 126 | $525,683 | $493,879 |
AVERAGE LIST TO SELLING PRICE: -6.05%
3 – 4 bedrooms:
0 closings
ACTIVE FOR SALE MARKET:
As of today there are 543 Hoboken condos actively listed for sale in our MLS. Average asking price is $578,528 and median price is $525,000. Days on market average 111.
You can search the entire Hoboken condo market athttp://InvestHoboken.com then click Browse Hoboken Listings
We welcome your specific questions. Email us at info@InvestHoboken.com
Edward (Eddie) Perez
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