Spring Market is in full swing! This months stats show strong activity in new contracts, but inventory is still low making real estate quite competitive ..
April Sales
For the month there were 57 sales. From the lowest priced unit at 107 Harrisson street for a 450 square foot one bedroom with a list price of $199,900 and a sale price of $189,000 to the highest priced unit at 1125 Maxwell Lane, for a 1915 sq ft 2.5 bed 2.5 bath with direct NYC views and a list price of $2.211,995mil and a sale price of $2.180,995milThe Median List Price for the month was $459,000 and the Median Sale Price was $435,000. The Median Days on Market Was just 57 days.
April Contracts Pending
For the month there were 70 units change to pending status. From the lowest asking price of $192,500 for probably the smallest condo in Hoboken, a studio coming at 269 square feet; tot he highest asking price of $1.329Million for a 1774 square foot two bedroom at 1500 Garden Street, Harborside Lofts
The Median List Price for units pending was $539,000 and the !**Median Days on Market was 24 Days.**!
You can see the trend in contracts pending and Median Days on Market that there is a high amount of activity happening and that homes are selling at a significantly faster pace.
News Articles Pertaining the state of the real estate market today
Wall Street Journal - Stunned Home Buyers Find The Bidding Wars Are Back
CNN Money - Buying A Home Won't Get Much Cheaper
If you're looking for a Hoboken condo in the current real estate market you can search for units for sale on my website.
It is quite possible that many people declaring to be City brokers or the Hoboken brokers can take you for a trip.
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