Monday, April 21, 2014

Q1 2014 Review for Monthly Unit Home Sales for Hoboken, NJ

We closed 171 condos in Hoboken last quarter. 59 in Jan, 56 in Feb and  56 in Mar period. Jan recorded highest with 59 properties sold during last quarter. 

We ended Q1 with 205 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. 

Winters are the less preferred period to shift the home however Market recorded average 57 properties sold during this first quarter

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.

Above graph shows monthly units sold by month. Numbers are between 56 to 59 unit during last quarter and market is ready for more properties expected to come in the market during this spring season.

The above chart shows the total sales volume in $ and the trend of the average price of property during Q1 2014. Sales Volume was highest in the month of January. March recorded the small decrease in the total sales volume and average price per unit. This makes April the best time for investors to buy properties at low prices. 

Here is a chart for home sales from January to March 2014.

Information Provided by Donna Antonucci

201.333.4443 (O)