Monday, September 16, 2013

July - August (Summer) 2013 Review for Monthly Unit Home Sales for hoboken, NJ

Volume was good in July - August (Summer) Period with an average of 111 properties sold per month. We closed  223 condos in Hoboken, NJ this summer.  114 in July and 109 in August period. This is a significant difference.

We ended Summer with 228 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 this summer Vs previous quarter. 

Take a look at the volume graph above.  You can see the Two bedrooms have the highest sales in average for July- August period which is typical for Hoboken, NJ.  The two bedroom is the most versatile for the 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 the graph representing Total sales volume correlation with Average price per unit. This shows that how increase in sales and inventory in the market effect the prices of property during the period in July and August.

Here is a chart for home sales July - August 2013.

Information Provided by Donna Antonucci
Prudential Castle Point Realty