Hoboken Real Estate Condo Market Update

Hoboken Real Estate Condo Market Update

Week of May 16th, 2011

Condominium Sales:
For the week there were 11 sales reported in Hoboken. From the lowest, a 700 sq ft 1 bedroom on 4th and Madison priced at $209,900 and sold for $202,500; to the highest, a Hudson Tea condo, three bedroom three bath with partial NY views and parking, 1640 sq ft and a list price of $825,000 sold for $810,000.

Median list price for the week was $475,000 and median sale price was $472,500. Average days on market was 67 days.

Condominiums Pending:
There are 10 units that reported under contract for the week. From the lowest price, a small one bedroom on 2nd and Monroe with a list price of $229,000 to the highest price, a 1000 sq ft one bedroom with parking at the Hudson Tea with a list price of $500,000.

Median list price for the week was $399,450. Avg days on market 110 days.

So far this month there are a total of 45 units that went under contract. 44 have sold so far this month, and there are about 400 active.

We will see how many units close and go pending in the next week to see how May we did for the month.


Brownstones and Single Family Sales
Two homes reported sold for the week.
22 Willow Terrace - a three bed, 1 full bath two half bath triplex with a list price of $619,000 sold for $618,000.
1211 Garden - a true brownstone, a four bedroom four bathroom triplex with a list price of $1.795Million sold for $1.740Million