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Monday, September 5, 2011

Hoboken Real Estate Market Update

Hoboken Real Estate Market Update
Week of August 22nd thru 28th

Condo Sales
As summer is nearing to an end and most of us are trying to soak up every last bit of sun, sales in Hoboken slump slightly.
For the week there were 9 sales reported. From the lowest, a 450 square foot one bedroom at 831 Clinton, with a list price of $244,000 and a sale price of $234,000; to the highest a 1200 square foot two bedroom two bath at the Hudson Tea, with a list price of $799,000 and a sale price of $775,000.

Median list price for the week was $377,500 and the median sale price was $355,000. Average days on market for these sold was 99 days.

Pending Units
For the same week 8 units recorded pending. From the lowest price, a 866 square foot one bedroom plus den at 841 Willow with a list price of $299,000; to the highest, a 1500 square foot two bedroom two bath with patio and parking at 615 Adams St with a list price of $729,000.

Median list price for these units pending was $464,450 and average days on market was 76 days.



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

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