HOBOKEN CONDO MARKET WEEKLY STATS

 Weekly statistics 3/01/09- 3/08/09

Ok, just 4 condos went under contract last week.  A drop from the previous weeks 7 units however it was nice to see that there were two properties listed over $700,000 in this mix.

As of today, there are 109 Hoboken condos pending to close.  These are the buyers making a commitment in this market!

Here are the folks that took advantage of the opportunities last week…..

FIRM ACCEPTED OFFERS:

1 BEDROOM

No offers accepted in this category

2 BEDROOMS

4 condos had accepted offers  Click Here to View Listings

Average days on market for this group was 68.

3-4 BEDROOMS:

No offers accepted in this category

SOLD CONDOS:  

11 closings last week which is quite a few more than the previous weeks 5 closings.  Average asking price: $544,707.  Average days on market: 53

STUDIOS:

No closings

1 BEDROOM:

2 properties closed.  Click Here to View Listings  Average listing price was $352,000.  Average selling price was $326,000  (-7.3% of listing price)  Average days on the market was 52.

2 BEDROOMS:

11 units sold.    Click Here to View Listings  Average listing price was $587,531.  Average selling price was $548,641 (-6.6% of listing price).  Average days on market was 53

3 - 4 BEDROOMS:

No closings

ACTIVE FOR SALE MARKET:

As of today there are 526 Hoboken condos actively listed for sale in our MLS.  They have an average asking price of $635,953 and a median price of $535,450.  Average days on market sits at 107.

Search entire Hoboken condo market at http://InvestHoboken.com   then click on Browse Hoboken Listings

I welcome your specific questions.  Email me at eddie@InvestHoboken.com

All of these statistics are compiled from the Hudson County Multiple Listing Service (HCMLS) and do not include properties that are not listed on this MLS such as some new construction and for-sale-by-owners.

Firm accepted offers are offers that have cleared the mandatory attorney review process and are now considered a binding contract of sale.

Eddie