Thursday, April 18, 2013

Hoboken Weekly Stats,Ending April 17, 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.)

42 Properties Came on the Market This Week vs 30 last week

201 WASHINGTON ST, HOBOKEN, NJ

1011 PARK AVE, HOBOKEN, NJ

201 WASHINGTON ST, HOBOKEN, NJ

41-43 1ST ST, HOBOKEN, NJ

725 JEFFERSON ST, HOBOKEN, NJ

722 ADAMS ST, HOBOKEN, NJ

222 WILLOW AVE, HOBOKEN, NJ

418-422 JEFFERSON ST, HOBOKEN, NJ

1201 ADAMS ST, HOBOKEN, NJ

513 JEFFERSON ST, HOBOKEN, NJ

1010 WILLOW AVE, HOBOKEN, NJ

611 WILLOW AVE, HOBOKEN, NJ

89 GRAND ST, HOBOKEN, NJ

610 NEWARK ST, HOBOKEN, NJ

600 HUDSON ST, HOBOKEN, NJ

536 GRAND ST, HOBOKEN, NJ

1108 HUDSON ST, HOBOKEN, NJ

830 MONROE ST, HOBOKEN, NJ

703 PARK AVE, HOBOKEN, NJ

928 WILLOW AVE, HOBOKEN, NJ

210 JACKSON ST, HOBOKEN, NJ

81 MONROE ST, HOBOKEN, NJ

81 MONROE ST, HOBOKEN, NJ

233 MONROE ST, HOBOKEN, NJ

112 ADAMS ST, HOBOKEN, NJ

1314 HUDSON ST, HOBOKEN, NJ

1125 MAXWELL LANE, HOBOKEN, NJ

213 CLINTON ST, HOBOKEN, NJ

204 JACKSON ST, HOBOKEN, NJ

99 PARK AVE, HOBOKEN, NJ

55 WILLOW TERRACE, HOBOKEN, NJ

128 JEFFERSON ST, HOBOKEN, NJ

108 JACKSON ST, HOBOKEN, NJ

1425 GARDEN ST, HOBOKEN, NJ

1125 MAXWELL LANE, HOBOKEN, NJ

1223 GARDEN ST, HOBOKEN, NJ

204 GARDEN 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.
904 JEFFERSON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
821 WASHINGTON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.
84 ADAMS ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.

 16 properties sold this Week vs 13 Last Week
237 total active listings are on the market as of the date of this post. 261 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 14.81 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 16 closings this week and we have 235 active listings.  So at the current rate of 16 closings per week, it would take 14.81 weeks (237/16) 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.



Provided by Donna Antonucci

Prudential Castle Point Realty

(O) 201-216-0909

Cell 201-240-6832





www.search.hobokenrealestatemonitor.com/map/






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