Monday, January 2, 2012

2011 - Hoboken Real Estate - Year in Review

Here is part One of my 6 part series on the year in review.  We worked over the weekend to delivery the most comprehensive review of Hoboken's real estate sales for 2011.  Enjoy the first installment on Hoboken's beautiful Victorian homes. ...

We have had 53 1-4 family sales in 2011.  The 'days on market' was 67 days from the time listed to the closed.  The average discount off of original price was 7.98%.  Notice the relationship between discount off of original price and days on market.  If something is priced correctly, it moves.  If it's not, it doesn't.  It's as simple as that.  When you decide to move, how long do you want to carry the property and have people coming through your private space when you are trying to sell.  Price it correctly and you will get what it will sell for in the end with less inconvenience and carrying costs.

Click on the image to enlarge.
As a downloadable spreadsheet:1-4 Families Sold 2011                                                                                           

Provided by Donna Antonucci
Prudential Castle Point Realty

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