Thursday, October 4, 2012

Hoboken Weekly Stats, Ending October 3, 2012
























27 Properties Came on the Market This Week vs 20 last week
118 JEFFERSON ST, HOBOKEN, NJ
326 MADISON ST, HOBOKEN, NJ
403 MONROE ST, HOBOKEN, NJ
734 ADAMS ST, HOBOKEN, NJ
550 2ND ST, HOBOKEN, NJ
920 JEFFERSON ST, HOBOKEN, NJ
1008 WILLOW AVE, HOBOKEN, NJ
1016-1018 WILLOW AVE, HOBOKEN, NJ
608 MADISON ST, HOBOKEN, NJ
207 14TH ST, HOBOKEN, NJ
812 GRAND ST, HOBOKEN, NJ
116 ADAMS ST, HOBOKEN, NJ
411 MONROE ST, HOBOKEN, NJ
1001 BLOOMFIELD ST, HOBOKEN, NJ
1500 WASHINGTON ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
210 JACKSON ST, HOBOKEN, NJ
812 GRAND ST, HOBOKEN, NJ
72 PARK AVE, HOBOKEN, NJ
1025 MAXWELL LANE, HOBOKEN, NJ
305 COURT ST, HOBOKEN, NJ
157 11TH ST, HOBOKEN, NJ
1231 BLOOMFIELD ST, HOBOKEN, NJ
1231 BLOOMFIELD ST, HOBOKEN, NJ
1425 GARDEN ST, HOBOKEN, NJ

 700 1ST ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

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

167 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 8.35 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   20 closings this week and we have 167 active listings.  So at the current rate of 20 closings per week, it would take 8.35 weeks (167/20) 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/