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Thursday, February 2, 2012

Hoboken Condo Sales and Brownstone Update - January Report

Hoboken Real Estate Market Update 
Harborside Lofts 3 Bedroom

January Sales

For the month Hoboken saw a total of 33 units sell. Down from 57 sales in December. A drop off in sales volume is typical for this time of year.

The lowest price sale was a 1 bedroom at 422 Madison with a list price of $198,500 and a sale price of $198,500.

The highest price sale was a 4 bedroom 3 bath duplex with deck and backyard with a list price of $875,000 and a sale price of $790,000. (Someone got a great deal...)

The Median List Price was $475,000 and the Median Sale Price was $465,000 up from the Median Sale Price of December of $417,000.

January Pending

For the month there are 48 units pending waiting to close. Up from 32 units in December.

The lowest priced unit was 815 Willow Ave, a one bedroom unit needing full renovations and with a tenant in place, with an asking price of $149,500.

The highest priced unit was 1500 Garden Street, a 1842 square foot 2 bedroom plus den, 2.5 bath with parking at Harborside Lofts, with an asking price of $1.295 Million.

The Median List Price for the month is $462,500, down from $482,950 from December.


The Median Days on Market for both pending sales and closed sales is just 42 days. This is a sign that there are buyers ready to buy and that the market is showing very promising, healthy signs.



Current inventory is staying low showing just 213 units on the market today.


HOBOKEN BROWNSTONES AND SINGLE FAMILY SALESThere were zero sales for the month of January, however 4 single family homes listed under contract for the month.

They are:
12 Willow Terrace - Asking $474,900
1300 Bloomfield - $899,900
945 Bloomfield - $1.400 Million
929 Bloomfield - $1.825 Million

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