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.