Hoboken's condominium supply once again continues to be shy of current demand. Second quarter sales total 211 while the Median Sales Price reaches higher than the Median List Price. Median Sale Price reported was $476,000 (the Avg Sales Price $525,699) compared with First Quarter Median Sale Price of $437,000. That's an increase of an amazing 8.1% in one quarter.
The Median Days On Market was a shocking 48 days, leaving many buyers stunned to this reality. Current inventory stands at just 220 units total, which leaves us with a current absorption rate of 3.6 months! Now may be the time to sell your Hoboken condo. If you are buying a property make sure you are armed with these numbers so you can make a good offer based on real numbers.
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| 501 9th St Condo For Sale With Private Terrace |
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| Multiple Offers On Market 1 Week |
The Hoboken real estate prices are jumping. Know the details from the post here
ReplyDeleteDo you have a booklet or something that can be either mailed or couriered with all the details like cost, size, location, etc.
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