Hoboken Real Estate Condo Market Update
Week Of August 15th thru August 21st
Condo Sales:
For the week there were 12 sales. From the lowest priced, a 400 sq foot junior one bedroom at 209 2nd street with a list price of $220,000 and a sale price of $200,000; to the highest, an 1897 sq foot 3 bedroom 2 bath at 1500 Garden St the Hudson Tea, with a list price of $1.031 Million and a full sale price.
Median list price of this week was $462,500 and the median sold price was $442,500. Average days on market was 67 days.
Condos Pending:
This same week, 11 units changed their status to under contract. From the lowest asking price, 333 Adams St, 556 square foot one bedroom with an asking price of $269,000 and the highest asking price, 264 5th street, a 1288 sq foot 2 bedroom 2 bath with parking and large private patio - asking price $775,000.
Median list price for the week was $379,000. Average days on market was 82 days.
Currently there are just 309 units available for sale. 139 units are waiting to close. Absorption rate is steady in Hoboken around 6 month's of inventory which in many markets across the U.S. is considered to be a healthy, normal market.
Today interest rates are under 4.5% and are expected to trend downward into the low 4's and high 3's if you can believe that!!
Information Deemed Reliable, provided by the Hudson County MLS, but not guaranteed.
A Hoboken and Jersey City Real Estate Blog by Karina Abad, realtor at Keller Williams Towne Square. Real estate market news, condos, homes and brownstones, buying and selling tips and local community info.
Monday, August 22, 2011
523 Jefferson St Hoboken - New Listing!
523 Jefferson St Hoboken - New Listing!
Centrally located - 1350 Sq Ft 2 Bedroom 2 Bath Beauty! One deeded garage parking included plus washer dryer in unit, terrace in master suite and lovely details throughout home. Offered at $575,000. Click on link if frame doesn't load properly on your browser.
Centrally located - 1350 Sq Ft 2 Bedroom 2 Bath Beauty! One deeded garage parking included plus washer dryer in unit, terrace in master suite and lovely details throughout home. Offered at $575,000. Click on link if frame doesn't load properly on your browser.
Wednesday, August 17, 2011
Hoboken Real Estate Condo Market Update
Hoboken Real Estate Condo Market Update
Week of August 8th - 14th, 2011
Sales:
For the week there were 11 units close. From the lowest priced, a 550 sq foot 4th floor walk up at 204 Willow Ave with a list price of $250,000 and a sale price of $242,000 (This unit was on the market for a whopping 621 days), to the highest; at Maxwell Place condos, a 1298 sq foot 1 bed plus den 2 bath with parking and balcony with a list price of $835,000 and a sale price of $812,500.
Median list price for the week was $484,995 and the median list price for the week was $479,715. Average days on market was up from last week, to 119 days.
Pending:
For the same week 17 units changed to pending. From the lowest priced, a 550 sq foot one bedroom at 422 Madison St with a list price of $199,900 and 20 days on the market, to the highest; The Jefferson Trust Bank Building, 313 1st, a spectacular 3200 sq foot 2 bedroom 2.5 bath loft and parking with a list price of $1.9Million.
Median list price for those units pending was $439,000 and average days on market was 81 days.
Information provided by the Hudson County MLS, deemed reliable but not guaranteed.
Week of August 8th - 14th, 2011
Sales:
For the week there were 11 units close. From the lowest priced, a 550 sq foot 4th floor walk up at 204 Willow Ave with a list price of $250,000 and a sale price of $242,000 (This unit was on the market for a whopping 621 days), to the highest; at Maxwell Place condos, a 1298 sq foot 1 bed plus den 2 bath with parking and balcony with a list price of $835,000 and a sale price of $812,500. Median list price for the week was $484,995 and the median list price for the week was $479,715. Average days on market was up from last week, to 119 days.
Pending:
For the same week 17 units changed to pending. From the lowest priced, a 550 sq foot one bedroom at 422 Madison St with a list price of $199,900 and 20 days on the market, to the highest; The Jefferson Trust Bank Building, 313 1st, a spectacular 3200 sq foot 2 bedroom 2.5 bath loft and parking with a list price of $1.9Million.
Median list price for those units pending was $439,000 and average days on market was 81 days.
Information provided by the Hudson County MLS, deemed reliable but not guaranteed.
Hoboken Real Estate Condo Market Update
Hoboken Real Estate Condo Market Update
Week of August 1st - 7th 2011
Sales:
For the week August opened with 15 sales! From the lowest priced, a 650 sq foot one bedroom at 126 Monroe with an ask price of $329,000 and a sale price of $310,000 to the highest; a 1200 square foot 2 bedroom 1 bath at The Harborside Lofts, 1500 Garden with an ask price of $689,000 and a sale price of $679,900.
Median list price for the week was $395,000 and the median sale price was $381,000. Average days on market was 54 days.
Pending:
For the same week, Hoboken saw another 13 units go under contract. From the lowest priced unit, a 546 sq foot foreclosure property at 410 Jefferson St with an asking price of $190,000 to the highest; a 1530 sq ft 3 bedroom 3 bath at The Hudson Tea, with an asking price of $865,000.
Median list price for those units pending was $489,000 and the average days on market was 67 days.
Hoboken Brownstone Update
2 Single Family Homes sold for the week.
A brownstone on 921 Bloomfield st in need of renovations, listed for $799,000 and SOLD for $880,000. 15 by 72 lot, and featured 4 bedrooms, 2 baths.
Another, 1133 Garden St, listed for $1.15M sold for $1.1M - it stood on a 15 by 100 lot and had 3 bedrooms two baths and a yard.
No homes changed to pending for this week.
Information provided by the Hudson County MLS, deemed reliable but not guaranteed.
Week of August 1st - 7th 2011
Sales:
For the week August opened with 15 sales! From the lowest priced, a 650 sq foot one bedroom at 126 Monroe with an ask price of $329,000 and a sale price of $310,000 to the highest; a 1200 square foot 2 bedroom 1 bath at The Harborside Lofts, 1500 Garden with an ask price of $689,000 and a sale price of $679,900.
Median list price for the week was $395,000 and the median sale price was $381,000. Average days on market was 54 days.
Pending:
For the same week, Hoboken saw another 13 units go under contract. From the lowest priced unit, a 546 sq foot foreclosure property at 410 Jefferson St with an asking price of $190,000 to the highest; a 1530 sq ft 3 bedroom 3 bath at The Hudson Tea, with an asking price of $865,000.
Median list price for those units pending was $489,000 and the average days on market was 67 days.
Hoboken Brownstone Update
2 Single Family Homes sold for the week.
A brownstone on 921 Bloomfield st in need of renovations, listed for $799,000 and SOLD for $880,000. 15 by 72 lot, and featured 4 bedrooms, 2 baths.
Another, 1133 Garden St, listed for $1.15M sold for $1.1M - it stood on a 15 by 100 lot and had 3 bedrooms two baths and a yard.
No homes changed to pending for this week.
Information provided by the Hudson County MLS, deemed reliable but not guaranteed.
Tuesday, August 9, 2011
On The West Coast California Sunin
Sorry guys! This weeks Hoboken Real Estate Market update will be on hold until next Monday. But when I'm back I will post my update from this week plus a report on July sales.
Till them enjoy the week!!
Best, Karina Abad
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