Hoboken Condo Market Weekly Stats

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