Thursday, March 7, 2013

Hoboken Weekly Stats, Ending March 06, 2013


(PPSQFT calculated using condos only.  However, only 1, 2, and 3+ bedrooms are shown on this chart.  The difference between 100% and the total percentage shown by neighborhood equals the excluded studios.  1-4 families are excluded from this analysis.)


34 Properties came on the Market This Week vs 27 last week
118 JEFFERSON ST, HOBOKEN, NJ
1107 WASHINGTON ST, HOBOKEN, NJ
706 WILLOW AVE, HOBOKEN, NJ
323-325 JACKSON ST, HOBOKEN, NJ
622 PARK AVE, HOBOKEN, NJ
60 MADISON ST, HOBOKEN, NJ
227 MONROE ST, HOBOKEN, NJ
604-606 MONROE ST, HOBOKEN, NJ
74-76 MONROE ST, HOBOKEN, NJ
155 14TH ST, HOBOKEN, NJ
1500 HUDSON ST, HOBOKEN, NJ
604 1ST ST, HOBOKEN, NJ
703 PARK AVE, HOBOKEN, NJ
920 HUDSON ST, HOBOKEN, NJ
62 MADISON ST, HOBOKEN, NJ
600 JEFFERSON ST, HOBOKEN, NJ
508 1ST ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
407 MONROE ST, HOBOKEN, NJ
110 BLOOMFIELD ST, HOBOKEN, NJ
402 9TH ST, HOBOKEN, NJ
102 PARK ST, HOBOKEN, NJ
706 PARK AVE, HOBOKEN, NJ
728 BLOOMFIELD ST, HOBOKEN, NJ
516 MONROE ST, HOBOKEN, NJ
727 MONROE ST, HOBOKEN, NJ
51 53 14TH ST, HOBOKEN, NJ
2 CONSTITUTION CT, HOBOKEN, NJ
78 JACKSON ST, HOBOKEN, NJ

1007 WILLOW AVE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
825 ADAMS ST, 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. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
612 GARDEN ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1131 GARDEN ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.


175 total active listings are on the market as of the date of this post. 199 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 25.00  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 7 closings this week and we have 175 active listings.  So at the current rate of 6 closings per week, it would take 25.00 weeks (175/07) 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