Monday, April 8, 2013

Q1 2013 Review for Monthly Unit Home Sales for Hoboken

Volume was good in last Month of last quarter as compared to the earlier months.  We closed 142 condos in Hoboken last quarter. 40 in Jan, 40 in Feb and  62 in Mar period which is also highest during last quarter.  This is a significant difference.

We ended Q1 with 196 active listings. Although as prices go up, hopefully more will be willing to sell.  This is assuming interest rates continue to be at these record low levels. 

People bought more properties in last month Vs previous months. 

Take a look at the volume graph above.  You can see the Two bedrooms have the highest sales in average for Q1 which is typical for Hoboken.  The two bedroom is the most versatile for Hoboken's audience. A two bed is good for roommates, that young professional that wants a home office, a newly married couple and for the couple with their first child.

Here is a chart for home sales from January to March 2013.

Information Provided by Donna Antonucci
Prudential Castle Point Realty