The climate of real estate sales in Hoboken New Jersey has not shifted much since last year continuing with the charge of buyers looking to purchase.
Although first Quarter 2015 ended with 152 Sales, (98 sales less than Q4 2014) and a Median Sale Price of $560,000 , --- we know that historically Q1 posts the lowest sale numbers as winter is generally the slowest time of the year for real estate sales.
Year over year, Q1 2015 sales appreciated 3% vs the same quarter in 2014.
Fourth Quarter 2014 ended with an increase in sales prices of 9.2% vs Fourth Quarter of 2013.
Median Sale Price was higher than the Median List Price meaning that for the most part units are trading at their full asking price.
Spring came in like a lamb
PENDING
There are a whopping 233 units waiting to close. The Median List Price for all pending is $579,000 and the median days on market is 12 days - which is a week less than previous days on market.
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