Thursday, April 25, 2013

Hoboken Weekly Stats,Ending April 24, 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.)

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

100 CLINTON ST, HOBOKEN, NJ

423 JEFFERSON ST, HOBOKEN, NJ

84 MONROE ST, HOBOKEN, NJ

1115 WILLOW AVE, HOBOKEN, NJ

100 PARK AVE, HOBOKEN, NJ

202 PARK AVE, HOBOKEN, NJ

161 5TH ST, HOBOKEN, NJ

839 WILLOW AVE, HOBOKEN, NJ

512 JEFFERSON ST, HOBOKEN, NJ

1210 WASHINGTON ST, HOBOKEN, NJ

1015 WASHINGTON ST, HOBOKEN, NJ

329 WILLOW AVE, HOBOKEN, NJ

807-809 GARDEN ST, HOBOKEN, NJ

920 HUDSON ST, HOBOKEN, NJ

800 JACKSON ST, HOBOKEN, NJ

1500 HUDSON ST, HOBOKEN, NJ

264 7TH ST, HOBOKEN, NJ

129 HARRISON ST, HOBOKEN, NJ

1029 GARDEN ST, HOBOKEN, NJ

536 GRAND ST, HOBOKEN, NJ

915 MADISON ST, HOBOKEN, NJ

901 MADISON ST, HOBOKEN, NJ

84 ADAMS ST, HOBOKEN, NJ

72 MONROE ST, HOBOKEN, NJ

78 MONROE ST, HOBOKEN, NJ

1000 HUDSON ST, HOBOKEN, NJ

1120 CLINTON ST, HOBOKEN, NJ

610 NEWARK ST, HOBOKEN, NJ

231 PARK AVE, HOBOKEN, NJ

659 1ST ST, HOBOKEN, NJ

610 MADISON ST, HOBOKEN, NJ

907 WILLOW AVE, HOBOKEN, NJ

108 MADISON ST, HOBOKEN, NJ

825 ADAMS ST, HOBOKEN, NJ

300 NEWARK ST, HOBOKEN, NJ

58 WILLOW TERRACE, HOBOKEN, NJ

1115 WILLOW AVE, HOBOKEN, NJ

69 MADISON ST, HOBOKEN, NJ

659 1ST ST, HOBOKEN, NJ

829 WASHINGTON ST, HOBOKEN, NJ

329 BLOOMFIELD ST, HOBOKEN, NJ

228 GARDEN ST, HOBOKEN, NJ

1125 MAXWELL LANE, HOBOKEN, NJ

1125 MAXWELL LANE, HOBOKEN, NJ

1101 BLOOMFIELD ST, HOBOKEN, NJ

609 OBSERVER HIGHWAY, HOBOKEN, NJ. This listing is so new, listing details are only 
available to subscribed users. Please log on to see listing details.

1500 WASHINGTON ST, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.



232 total active listings are on the market as of the date of this post. 279 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 16.57 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 14 closings this week and we have 232 active listings.  So at the current rate of 14 closings per week, it would take 16.57 weeks (232/14) 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