Thursday, April 11, 2013

Hoboken Weekly Stats,Ending April 10, 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.)

61 Properties Came on the Market This Week vs 30 last week
102 WASHINGTON ST, HOBOKEN, NJ
711 WILLOW AVE, HOBOKEN, NJ
712 WILLOW AVE, HOBOKEN, NJ
400 ADAMS ST, HOBOKEN, NJ
519 WILLOW AVE, HOBOKEN, NJ
910 WILLOW AVE, HOBOKEN, NJ
1025 WASHINGTON ST, HOBOKEN, NJ
77 MONROE ST, HOBOKEN, NJ
412 MONROE ST, HOBOKEN, NJ
109 JACKSON ST, HOBOKEN, NJ
708-710 WILLOW AVE, HOBOKEN, NJ
73 MADISON ST, HOBOKEN, NJ
1108 PARK AVE, HOBOKEN, NJ
1214 WASHINGTON ST, HOBOKEN, NJ
73 MADISON ST, HOBOKEN, NJ
1110 CLINTON ST, HOBOKEN, NJ
307 1ST ST, HOBOKEN, NJ
807 CLINTON ST, HOBOKEN, NJ
1000 HUDSON ST, HOBOKEN, NJ
207 14TH ST, HOBOKEN, NJ
708 JEFFERSON ST, HOBOKEN, NJ
402 9TH ST, HOBOKEN, NJ
13 WILLOW TERRACE, HOBOKEN, NJ
13 WILLOW TERRACE, HOBOKEN, NJ
94 MONROE ST, HOBOKEN, NJ
635 6TH ST, HOBOKEN, NJ
509 GARDEN ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
700 1ST ST, HOBOKEN, NJ
501 ADAMS ST, HOBOKEN, NJ
78 JACKSON ST, HOBOKEN, NJ
206 GARDEN ST, HOBOKEN, NJ
208 JACKSON ST, HOBOKEN, NJ
82 CLINTON ST, HOBOKEN, NJ
315 MONROE ST, HOBOKEN, NJ
825 ADAMS ST, HOBOKEN, NJ
1025 MAXWELL LANE, HOBOKEN, NJ
825 ADAMS ST, HOBOKEN, NJ
1200 GRAND ST, HOBOKEN, NJ
1500 GARDEN ST, HOBOKEN, NJ
61 5TH ST, HOBOKEN, NJ
2-6 PATERSON AVE, HOBOKEN, NJ
516 MONROE ST, HOBOKEN, NJ
1500 WASHINGTON ST, HOBOKEN, NJ
930 WILLOW AVE, HOBOKEN, NJ
1125 MAXWELL LANE, HOBOKEN, NJ
159 3RD ST, HOBOKEN, NJ
78 JACKSON ST, HOBOKEN, NJ
302 PARK AVE, HOBOKEN, NJ
1500 GARDEN ST, HOBOKEN, NJ
1125 MAXWELL LANE, HOBOKEN, NJ
1232 BLOOMFIELD ST, HOBOKEN, NJ
1232 BLOOMFIELD ST, HOBOKEN, NJ
1208 GARDEN ST, HOBOKEN, NJ
1208 GARDEN ST, HOBOKEN, NJ

68 PARK AVE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
818 WILLOW AVE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
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.
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.
213 11TH ST, HOBOKEN, NJ . . This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
1125 MAXWELL LANE, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

235 total active listings are on the market as of the date of this post. 245 are under contract.
(You must log-into the search engine and search pending and sold listings to see these property details)

(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.)





The Absorption rate this week is 18.08 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 13 closings this week and we have 235 active listings.  So at the current rate of 13 closings per week, it would take 18.08 weeks (235/13) 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.  Outlyer scan skew these numbers.


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

See the embedded document below for Price Per Square Foot by bedroom and neighborhood so you can understand how location effects price.






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