Hoboken Real Estate | Weekly Market Update

Hoboken Real Estate Weekly Market Update

Week of December 13th, thru 19th, 2010

Condominium Sales:
For the week there was a healthy spike in sales! 19 sales for this week. Up from the previous week of just 8 sales. From the lowest price, a 565 square foot one bedroom condo with terrace at 406 4th street with a list price of $264,900 and a sold for $245,000; to the highest, 610 Clinton Street, an 1820 square foot two bedroom plus den, two bath duplex with parking and a list price $899,000 sold for $825,000.

Median list price for the week was $499,000 (avg $513,789). Median sale price was $480,000 (avg $492,500). Median days on market 98 days.

Pending Sales:
For the week, also a healthy number of pending sales. 12 units are waiting to close. From the lowest price, a  700 square foot two bedroom one bath at 718 Bloomfield Street with a list price of $314,900 and 50 days on market; to the highest a swank 2006 square foot three bedroom two bath condo with parking at Maxwell Place, 1025 Maxwell Lane with a list price of $1.725Million.

Median list price for the week was $482,497 (avg $601,466 skewed by the Maxwell sale).

Brownstones and Single Families
Sales: Zero sales for the week.
Pending: Zero pending for the week.

Information provided by the Hudson County MLS, deemed reliable but not guaranteed.