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Hoboken Condo Market Weekly Stats

Weekly statistics 7/26/09- 8/2/09

7 condos went into contract. (6 units the previous report)

14 condos closed last week. (9 closings the previous report)

As of today, there are a total of 164 Hoboken properties pending to close. (168 last report)

Here are last weeks deals…

Firm accepted offers:

Studio & 1 bedroom

3 accepted offers (3 last week)

These averaged 123 days on market. (70 days last week)

CONDO-COOP – Pending

ADDRESS

Area

Sq Feet

TotFB

Beds

DOM

LP

SP

128 MADISON ST

Hoboken

542

1

1

153

$279,000

619 WILLOW AVE

Hoboken

675

1

1

101

$360,000

81 GRAND ST

Hoboken

725

1

1

116

$379,000

Total Listings

Avg

Avg

Avg

3

123

$339,333

2 bedrooms

3 condos had an accepted offers (1 last week)

Average days on market was 40 (82 days last week)

CONDO-COOP – Pending

ADDRESS

Area

Sq Feet

TotFB

Beds

DOM

LP

SP

208 PARK AVE

Hoboken

804

1

2

41

$459,900

1200 GRAND ST

Hoboken

1020

2

2

20

$559,000

415 NEWARK ST

Hoboken

1270

2

2

59

$659,900

Total Listings

Avg

Avg

Avg

3

40

$559,600

3-4 bedrooms:

1 accepted offer (2 last week) 57 days on market

CONDO-COOP – Pending

ADDRESS

Area

Sq Feet

TotFB

Beds

DOM

LP

SP

501-515

ADAMS ST

Hoboken

1403

2

3

85

$595,900

Total Listings

Avg

Avg

Avg

3

85

$595,900

Sold Condos:

Studios & 1 bedroom:

4 units sold (4 last week)

CONDO-COOP – Sold

ADDRESS

Area

Sq Feet

TotFB

Beds

DOM

LP

SP

507 PARK AVE

Hoboken

538

1

1

24

$295,000

$290,000

1206 WASHINGTON ST

Hoboken

705

1

1

16

$345,000

$345,000

807 CLINTON ST

Hoboken

881

1

1

138

$399,000

$375,000

1125 MAXWELL LANE

Hoboken

831

1

1

37

$529,900

$480,000

Total Listings

Avg

Avg

Avg

4

53

$392,225

$372,500

Average list to selling price: -5.02%

2 bedrooms:

10 units sold. (12 last week)

CONDO-COOP – Sold

ADDRESS

Area

Sq Feet

TotFB

Beds

DOM

LP

SP

700 1ST ST

Hoboken

1207

2

2

33

$529,000

$2,750

1302 PARK AVE

Hoboken

800

1

2

103

$385,000

$381,500

1110 CLINTON ST

Hoboken

816

1

2

18

$429,000

$421,000

224-226 WILLOW AVE

Hoboken

1040

2

2

64

$475,000

$445,000

530 MADISON ST

Hoboken

1130

2

2

19

$469,900

$469,900

501-515 ADAMS ST

Hoboken

962

2

2

42

$479,000

$475,000

156 7TH ST

Hoboken

1260

1

2

151

$525,000

$486,125

82 CLINTON ST

Hoboken

1150

2

2

86

$589,000

$560,000

402 9TH ST

Hoboken

1529

2

2

14

$649,900

$608,000

101 PARK AVE

Hoboken

1600

2

2

36

$819,000

$776,250

Total Listings

Avg

Avg

Avg

10

56

$534,980

$462,552

Average list to selling price: -13.5% (double digits…ouch!)

3 – 4 bedrooms:

0 closings (0 last week)

Active for sale market:

As of today there are 543 Hoboken condos actively listed for sale in our MLS which is the same amount as the previous week. Average asking price is $577,294 ($578,528 last week) and median price is $527,900 ( $525,000 last week). Days on market average is the same as the last report at 111 days.

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

Posted Thursday Aug 06