Thursday, February 7, 2013

Hoboken Weekly Stats, Ending February 06, 2013




40 Properties Came on the Market This Week vs 11 last week
532 ADAMS ST, HOBOKEN, NJ
320 MADISON ST, HOBOKEN, NJ
622 PARK AVE, HOBOKEN, NJ
135 PARK AVE, HOBOKEN, NJ
619 WILLOW AVE, HOBOKEN, NJ
222 GRAND ST, HOBOKEN, NJ
450 7TH ST, HOBOKEN, NJ
322 GARDEN ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
1100 ADAMS ST, HOBOKEN, NJ
417 ADAMS ST, HOBOKEN, NJ
921 GARDEN ST, HOBOKEN, NJ
1200 GRAND ST, HOBOKEN, NJ
636 5TH ST, HOBOKEN, NJ
728 WILLOW AVE, HOBOKEN, NJ
300 NEWARK ST, HOBOKEN, NJ
915 MADISON ST, HOBOKEN, NJ
729 MADISON ST, HOBOKEN, NJ
720 ADAMS ST, HOBOKEN, NJ
74 MONROE ST, HOBOKEN, NJ
80 MONROE ST, HOBOKEN, NJ
109 GRAND ST, HOBOKEN, NJ
81-87 JACKSON ST, HOBOKEN, NJ
813 WASHINGTON ST, HOBOKEN, NJ
402 MADISON ST, HOBOKEN, NJ
402 MADISON ST, HOBOKEN, NJ
603 MONROE ST, HOBOKEN, NJ
504 GRAND ST, HOBOKEN, NJ
408 COURT ST, HOBOKEN, NJ
609 ADAMS ST, HOBOKEN, NJ
1125 MAXWELL LANE, HOBOKEN, NJ
225 RIVER ST, HOBOKEN, NJ


916 PARK AVE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
518 PARK AVE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
924 JEFFERSON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
2 CONSTITUTION CT, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
102-104 WASHINGTON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1313 PARK AVE, 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. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
229 BRUNSWICK 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. 150 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 is 18.00 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 9 closings this week and we have 162 active listings.  So at the current rate of 9 closings per week, it would take 18.00 weeks (162/09) 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