Thursday, October 11, 2012

Hoboken Weekly Stats, Ending October 10, 2012


















25 Properties Came on the Market This Week vs 27 last week
1033 WASHINGTON ST, HOBOKEN, NJ
1033 WASHINGTON ST, HOBOKEN, NJ
1027 WASHINGTON ST, HOBOKEN, NJ
1027 WASHINGTON ST, HOBOKEN, NJ
301 MONROE ST, HOBOKEN, NJ
414 MADISON ST, HOBOKEN, NJ
323 JACKSON ST, HOBOKEN, NJ
80 MADISON ST, HOBOKEN, NJ
300 HUDSON ST, HOBOKEN, NJ
300 NEWARK ST, HOBOKEN, NJ
402 ADAMS ST, HOBOKEN, NJ
618 MONROE ST, HOBOKEN, NJ
827 GARDEN ST, HOBOKEN, NJ
827 GARDEN ST, HOBOKEN, NJ
716 HUDSON ST, HOBOKEN, NJ
610 NEWARK ST, HOBOKEN, NJ
129 HARRISON ST, HOBOKEN, NJ
1100 ADAMS ST, HOBOKEN, NJ
827 GARDEN ST, HOBOKEN, NJ
501 MONROE ST, HOBOKEN, NJ
72 PARK AVE, HOBOKEN, NJ
304 HUDSON ST, HOBOKEN, NJ
108-112 JACKSON ST, HOBOKEN, NJ

402 9TH ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

1222 WASHINGTON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.



162 total active listings are on the market as of the date of this post. 175 are under contract.


Hoboken Real Estate Monitor.com now offers Pending and Sold Listings.  


















The Absorption rate this week is 11.57 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   14 closings this week and we have 162 active listings.  So at the current rate of 14 closings per week, it would take 11.57 weeks (162/14) to sell off the current inventory.  See the chart attached as a photo to see how absorption rate has fluctuated over time.

The absorption rate is often thought of as the factor that indicates if we are in a sellers' or buyers' market.

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

donna@donnaantonucci.com


www.search.hobokenrealestatemonitor.com/map/