Thursday, May 9, 2013

Hoboken Weekly Stats,Ending May 8th, 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.)



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


1500 WASHINGTON ST (Unit 9J) - $499,000

218 WASHINGTON ST (Unit 2-B) - $399,000

74-76 MONROE ST (Unit 2) - $440,000

123 WASHINGTON ST (Unit 2-R) - $375,000

520 PARK AVE (Unit 2) - $649,000

1015 WASHINGTON ST (Unit 20) - $500,000

415 NEWARK ST (Unit 7G) - $599,000

1314 HUDSON ST (Unit 11) - $650,000

329 ADAM ST (Unit 2) - $369,000

709 ADAMS ST (Unit 2) - $369,000

1132 WILLOW AVE (Unit 3R) - $280,000

818 JEFFERSON ST (Unit 5C) - $350,000

725 JEFFERSON ST (Unit 41) - $725,000

508 1ST ST (Unit 4W) - $599,900

1330 CLINTON ST (Unit 501) - $549,000

1021 GARDEN ST - $1,500,000

608 MONROE ST (Unit D) - $565,000

415 NEWARK ST (Unit 4G) - $563,900

402 9TH ST (Unit E4F) - $289,000

532 ADAMS ST (Unit A) - $425,000

78 JACKSON ST (Unit 2B) - $859,000

1015 GRAND ST (Unit 3E) - $369,000

931 HUDSON ST (Unit 3) - $599,900

601 OBSERVER HIGHWAY (Unit 204) - $674,900

1425 GARDEN ST (Unit 603) - $1,379,000

933 WILLOW AVE (Unit 2B/2L) - $468,000

551 OBSERVER HIGHWAY (Unit 10 A) - $479,000

1300 HUDSON ST (Unit A4) - $400,000

533 ADAMS ST (Unit 3) - $655,000

1025 MAXWELL LANE (Unit 401) - $2,195,000

800 JACKSON ST (Unit 708) - $599,900

94 MONROE ST (Unit 1) - $485,000

700 1ST ST (Unit 7L) - $449,000

1301 PARK AVE - $1,699,000

463 1ST ST (Unit 8K) - $639,000

530 MADISON ST (Unit 2C) - $535,000

415 NEWARK ST (Unit 6F) - $565,000

554 OBSERVER HIGHWAY (Unit 4L) - $299,000

1301 PARK AVE - $1,699,000

204 JACKSON ST (Unit 8) - $699,998

530 MADISON ST (Unit 6B) - $630,000

55 WILLOW TERRACE (Unit 1) - $749,000

1125 MAXWELL LANE (Unit 567) - $1,075,000

122 JACKSON ST (Unit 3A) - $599,000

830 MONROE ST (Unit 3G) - $480,000

901 WILLOW AVE (Unit 4) - $500,000

81 MONROE ST (Unit 2) - $645,000

1500 HUDSON ST (Unit 7P) - $545,000

114 BLOOMFIELD ST (Unit 2) - $659,000

80 PARK AVE (Unit 4D) - $515,000

503 MONROE ST (Unit 4) - $645,000

800 JACKSON ST (Unit 702) - $589,000

102 PARK AVE (Unit 3) - $599,000

2 CONSTITUTION CT, HOBOKEN, NJ. This listing is so new, listing details are only available to subscribed users. Please log on to see listing details.




249 total active listings are on the market as of the date of this post. 299 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 22.64 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 11 closings this week and we have 249 active listings.  So at the current rate of 11 closings per week, it would take 22.64 weeks (249/11) 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