Thursday, January 31, 2013

Hoboken Weekly Stats, Ending January 30, 2013



31 Properties Came on the Market This Week vs 20 last week

230 BLOOMFIELD ST, HOBOKEN, NJ
420 JEFFERSON ST, HOBOKEN, NJ
1123 WASHINGTON ST, HOBOKEN, NJ
1115 WILLOW AVE, HOBOKEN, NJ
636 5TH ST, HOBOKEN, NJ
621 MONROE ST, HOBOKEN, NJ
317 MONROE ST, HOBOKEN, NJ
727 MONROE ST, HOBOKEN, NJ
829 WASHINGTON ST, HOBOKEN, NJ
1201 ADAMS ST, HOBOKEN, NJ
306 6TH ST, HOBOKEN, NJ
1301 ADAMS ST, HOBOKEN, NJ
1500 HUDSON ST, HOBOKEN, NJ
90 MADISON ST, HOBOKEN, NJ
515 BLOOMFIELD ST, HOBOKEN, NJ
1125 MAXWELL LANE, HOBOKEN, NJ
1225 BLOOMFIELD ST, HOBOKEN, NJ
1108 GARDEN ST, HOBOKEN, NJ


830 MONROE ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
259 12TH ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1034 CLINTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1450 WASHINGTON ST, HOBOKEN, NJ , HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
712-714 WILLOW AVE, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
807-809 GARDEN ST, HOBOKEN, NJ, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

152 total active listings are on the market as of the date of this post. 139 are under contract.

(You must log-into the search engine and search pending and sold listings to see these property details)


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




The Absorption rate this week is15.20 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 10 closings this week and we have 152 active listings.  So at the current rate of 10 closings per week, it would take 15.20 weeks (152/10) 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.
 

Provided by Donna Antonucci
Prudential Castle Point Realty
(O) 201-216-0909
Cell 201-240-6832