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Monday, July 11, 2011

Hoboken Real Estate Condo Market Update - June Report

Hoboken Real Estate Condo Market Update - June Report

All Condo Sales For The Month Of June

Closed Sales
June reported another healthy month in sales, keeping in stride with April and May. June closed a total of 73 sales compared with May's 78 sales.
From the lowest priced sale, a 550 sq ft one bedroom short sale at 308 Monroe with a list price of $199,000 and a sale price of $199,000; to the highest sale, a 1900 sq ft two bedroom 2.5 bath at the W with NYC views and terrace with a list price of $2.095Million and a sale price of $1.740Million (by the way that was CASH) 

The Median list price for those units sold was $477,000 and the median sold price was $446,250 about 2.2% off the asking price.** Note units are trading much closer to asking. The average days on market was 72 days.


Pending Sales
There are 59 units waiting to close for the month.From the lowest asking price, a 470 square foot studio at 1021 Grand St with an asking price of $243,000; to the highest asking price, a 1719 sq ft 3 bedroom plus den, 2bth duplex with roof deck and parking space at 422 Hudson St and a list price of $1.225Million.

The Median list price for those units pending was $479,000 and the average days on market was 68 days.

A Hoboken Brownstone
Brownstones and Single Family Homes
Sales:
4 Single Family homes sold for the month.
Starting with 20 Willow Terrace a 3 bed 1 bath attached house with a list price of $539,900 sold for $525,000.
1219 Park Ave - 4 bed 2.5 bath with basement and yard and a list price of $1.150Million sold for $1.037,500.
711 Park Ave - A 3 bed 2.5 bath with yard and a list price of $1.260Million sold for full price.
1250 Garden St - A 4 bed 2.5 bath with basement and yard and a list price of $1.429Million sold for $1.335Million

Median sold price for these sold was $1.148,750.00 Average days on market 21 day.s

Pending Sales
3 Brownstones are waiting to close. The are:
217 11th St - A 4 bed 2.5 bath with yard and a list price of $995,000
1133 Garden St - A 3 bed 2 bath with yard and a list price of $1.150 Million
1114 Garden St - A 4 bed 3 bath with basement and yard and a list price of $1.150 Million

Average days on market was 32 days.



Information provided by the Hudson County MLS, deemed reliable but not guaranteed.

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