About Hoboken's Downtown

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

One of the most popular topics with new home buyers is the new $8000 tax credit for new home buyers. There is no doubt that for first time home buyers, this tax credit has been a strong incentive to purchase a home – and the entry level home market has seen improvement as a result.

Now there is talk about extending the tax credit until 2010 and raising it to $15,000 as well.

Current Proposals:

• A Senate bill to expand the tax credit to $15,000 for any home buyer regardless of income was introduced by Sen. Johnny Isakson, R-Ga. It is co-sponsored by Senate Banking Committee Chairman Chris Dodd, D-Conn.

• A House bill to keep the $8,000 credit in place until June 2010 and expand it to all home buyers by Rep. Kenny Marchant, R-Texas. It also would provide a $3,000 credit to homeowners who refinance.

• Another bill in the House, introduced by Rep. Eddie Bernice Johnson, D-Texas, would extend the credit to all home buyers through 2010.

For more valuable information please go to I Want to Buy my Home at the Bottom.

If you are looking for assistance in finding the perfect home in Hoboken, contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.

Good national news! For the first time since early 2007, a composite index of 20 major cities was virtually flat, instead of down.

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Decorating small spaces can be a daunting task, especially when you are not sure where to start from. The truth is that no one was born knowing how to decorate and organize small spaces, but there are a few secrets and essentials that can make a huge difference, making the whole job a lot easier.

Here are a few tips and hints to keep in mind:

The most important part is to find some multi- purpose furniture that suits your place. Today, since many people live in small spaces and apartments, there are many pieces of furniture that can compliment even the smallest possible space, giving it much needed air.

In many cases reality and practicality are needed. There are furnishings that actual save space, or create new space, while others offer an illusion of saved space. Nobody denies that a sleek and elegant piece of furniture is not great or highly desirable, but there is actually no point in buying it if it is going to drown out a small space.

For more decorating tips go to How to Make the Space in Your Condo Feel Larger or Inexpensive Ways to Increase Your Condo’s Value. Allow me to help you find the home of your dreams Contact Eddie Perez at (201) 344-2886,www.investhoboken.com.