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Hoboken Condo Market Snapshot 8/12/2011
How’s the market?  Stats you can use while shopping for your new Hoboken condo.   Hoboken Condo Market Snapshot 8/12/2011
Total Condos For Sale:  324Average Price: $506,434Median Price: $459,950Avg Days on Market: 880-1 bed : 129 Avg: $378,322Median: $329,880 Avg price per sqft: $522Avg days on market: 892 bed:  161Avg: $560,482Median: $515,000 Avg price per sqft: $478Avg days on market: 823 bed: 31Avg: $703,025 Median: $645,000Avg price per sqft: $473Avg days on market: 122Total Condos Under Contract:  138      Average days on market: 89    Avg price per sqft: $474.52Total Under Contract Last 30 days: 6230-Day Absorption Rate: 5.22 months (62 units under contract last 30 days divided into 324 total units)
6 months or higher - Buyers Market
3-6 months - Balanced Market
3 months or under - Sellers Market
Hows YOUR market?  The figures above represent an overall Hoboken condo market snapshot.  Your individual situation or property can vary significantly and should be assessed properly.You can buy, sell, rent or invest with confidence by having real-time “hyper local” information so you can make the best decision for you and your family.  Let me know how I can help you achieve your goals! Contact me today! ... more

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