Thursday, May 2, 2013

Hoboken Weekly Stats,Ending May 1st, 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.)


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

647 GARDEN ST, HOBOKEN, NJ

500 HUDSON ST, HOBOKEN, NJ

356 1ST ST, HOBOKEN, NJ

1026 WASHINGTON ST, HOBOKEN, NJ

417 ADAMS ST, HOBOKEN, NJ

419 MADISON ST, HOBOKEN, NJ

317 WILLOW AVE, HOBOKEN, NJ

209 BLOOMFIELD ST, HOBOKEN, NJ

126 GARDEN ST, HOBOKEN, NJ

622 PARK AVE, HOBOKEN, NJ

456 9TH ST, HOBOKEN, NJ

260 8TH ST, HOBOKEN, NJ

326 MONROE ST, HOBOKEN, NJ

333 MONROE ST, HOBOKEN, NJ

321 BLOOMFIELD ST, HOBOKEN, NJ

258 9TH ST, HOBOKEN, NJ

133 GRAND ST, HOBOKEN, NJ

519 MONROE ST, HOBOKEN, NJ

253 10TH ST, HOBOKEN, NJ

104 6TH ST, HOBOKEN, NJ

1325 ADAMS ST, HOBOKEN, NJ

80 BLOOMFIELD ST, HOBOKEN, NJ

1120 CLINTON ST, HOBOKEN, NJ

332 MONROE ST, HOBOKEN, NJ

1330 CLINTON ST, HOBOKEN, NJ

953 BLOOMFIELD ST, HOBOKEN, NJ

75 MONROE ST, HOBOKEN, NJ

1200 GRAND ST, HOBOKEN, NJ

209 GARDEN ST, HOBOKEN, NJ

700 1ST ST, HOBOKEN, NJ

928 WILLOW AVE, HOBOKEN, NJ

259 12TH ST, HOBOKEN, NJ

225 WASHINGTON ST, HOBOKEN, NJ

800 JACKSON ST, HOBOKEN, NJ

415 NEWARK ST, HOBOKEN, NJ

1034 CLINTON ST, HOBOKEN, NJ

258 8TH ST, HOBOKEN, NJ

818 JEFFERSON ST, HOBOKEN, NJ

56 JEFFERSON ST, HOBOKEN, NJ

721 MADISON ST, HOBOKEN, NJ

727 WASHINGTON ST, HOBOKEN, NJ

325-327 WILLOW AVE, HOBOKEN, NJ

503 MONROE ST, HOBOKEN, NJ

1313 PARK AVE, HOBOKEN, NJ

1314 HUDSON ST, HOBOKEN, NJ

1110 HUDSON ST, HOBOKEN, NJ

1500 WASHINGTON ST, HOBOKEN, NJ

904 JEFFERSON ST, HOBOKEN, NJ

709 MONROE ST, HOBOKEN, NJ

659 1ST ST, HOBOKEN, NJ

1125 MAXWELL LANE, HOBOKEN, NJ

1500 HUDSON ST, HOBOKEN, NJ

212 7TH ST, HOBOKEN, NJ

1125 MAXWELL LANE, HOBOKEN, NJ

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.



246 total active listings are on the market as of the date of this post. 289 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 11.71weeks. 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 21 closings this week and we have 246 active listings.  So at the current rate of 21 closings per week, it would take 11.71weeks (246/21) to sell off the current inventory.  See the chart attached as a photo to see how absorption rate has fluctuated over time.

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