It's been a busy selling season! There are lots of buyer's out there looking for homes, first time buyers and move up buyers alike.
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| Maxwell Place Unit With Panoramic Views |
For the month there were 69 units that sold. Up from April's 57 sales. From the lowest sold price of $235,000 for a 407 sq ft one bedroom at 160 2nd street, to the highest sold price of a whopping $2.8Million (which was paid for in CASH) for a 2400 square foot 2 bedroom 3.5 bath with balcony, NYC views and parking at Maxwell Place.
The Median List Price for those units sold this month was $449,000 and the Median Sale Price was $440,000
The Median Days on Market was 32 days - Down sharply from April's 57 days on market.
You'll notice that the list to sale price ratio is very close, with a very small percentage off of the asking price. Simultaneously the time that it takes for a unit to list, and change to under contract status is decreasing.
Pending
For the month Hoboken condo's saw 86 units go under contract in May. Up from April's 70 units pending.
From the lowest asking price of $215,500 for a 530 sq foot one bedroom at 607 1st street to the highest asking price of $1.349Million for a 1768 square foot 2.5 bedroom 2 bath plus patio and parking at Maxwell Place condos.
The Median List Price for units pending was $493,500 and the Median Days on Market was 34 days just slightly up from Aprils rude awakening - 24 days on market time.
Check back every month for Hoboken real estate market updates! Search for Hoboken homes for sale on my website
Information provided by the Hudson County MLS, deemed reliable but not guaranteed.
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