Thursday, May 17, 2012

Hoboken Weekly Stats, Ending May 16, 2012



41 Properties Came on the Market This Week vs 4 last week

100 CLINTON ST, Hoboken, NJ
222 MADISONST, Hoboken, NJ
214JEFFERSON ST, Hoboken, NJ
317 WILLOWAVE, Hoboken, NJ
519 WILLOWAVE, Hoboken, NJ
228BLOOMFIELD ST, Hoboken, NJ
95 WILLOWAVE, Hoboken, NJ
933 HUDSONST,Hoboken, NJ
1016WASHINGTON ST, Hoboken, NJ
500 HUDSONST,Hoboken, NJ
805 PARKAVE, Hoboken, NJ
800 JACKSONST, Hoboken, NJ
202 PARKAVE, Hoboken, NJ
603 1ST ST,Hoboken, NJ
423JEFFERSON ST,Hoboken, NJ
403BLOOMFIELD ST, Hoboken, NJ
300 NEWARKST, Hoboken, NJ
125 MONROEST, Hoboken, NJ
827 GARDEN ST, Hoboken, NJ
721-723MADISON ST, Hoboken, NJ
827 GARDEN ST, Hoboken, NJ
1200 GRAND ST, Hoboken, NJ
1028 HUDSONST, Hoboken, NJ
650 2ND ST, Hoboken, NJ
827 GARDENST, Hoboken, NJ
700 1ST ST, Hoboken, NJ
827 GARDEN ST, Hoboken, NJ
83 GRAND ST, Hoboken, NJ
415 NEWARKST, Hoboken, NJ
407 ADAMS ST,Hoboken, NJ
325 ADAMS ST, Hoboken, NJ
84 JEFFERSON ST, Hoboken, NJ
95 GARDEN ST, Hoboken, NJ
503 BLOOMFIELD ST, Hoboken, NJ
1107 GRAND ST, Hoboken, NJ
1025 MAXWELL LANE, Hoboken, NJ
1125MAXWELL LANE, Hoboken, NJ
160 11TH ST, Hoboken, NJ


704 CLINTON ST, Hoboken, NJ, This listing is so new, listing details are only available to subscribed users. Please log on to see listing details
206-208 PARK AVE, Hoboken, NJ, This listing is so new, listing details are only available to subscribed users. Please log on to see listing details
74 GARDEN ST, Hoboken, NJ, This listing is so new, listing details are only available to subscribed users. Please log on to see listing details
11 Properties Sold This Week vs 0  Last Week  
279 total active listings are on the market as of the date of this post. 225 are under contract.



The Absorption rate this week is 25.36 weeks. See the attached picture of the absorption rate over time.  The absorption rate is a number that describes how many weeks it will take to see off the current inventory at the current rate of sales.  We had 11 closings this week and we have 279 active listings.  So at the current rate of 11 closings per week, it would take 25.36 weeks (279/11) to sell off the current inventory.  See the chart attached as a photo to see how absorption rate has fluctuated over time.


Generally if there is more than 4 months of inventory it's a buyers' market.  Less than 4 months it's a sellers' market.  Prices are down but so is the inventory.  

Another key factor is listing date to contract.  See the quarterly review and consult an agent.  Outlyers can skew these numbers.
See the embedded document below for Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price.

Hoboken Stats Public PDF

Information Provided by:

Donna Antonucci
Prudential Castle Point Realty
201-240-6832 begin_of_the_skype_highlighting            201-240-6832      end_of_the_skype_highlighting

donna@donnaantonucci.com

www.search.hobokenrealestatemonitor.com/map/