Tuesday, July 8, 2014

Q2 2014 Review for Monthly Unit Home Sales for Hoboken, NJ

Quarterly Review, hudson real estate monitor, Donna Antonucci 
We closed 302 condos in Hoboken last quarter. 86 in April, 113 in May and 130 in June period. May recorded highest with 113 properties sold during last quarter. 

We ended Q2 with 213 active listings. Although as prices go up, hopefully more will be willing to sell.  

Springs are the preferred time to shift the homes. Quarter recorded 
average sale of 101 properties, which is significantly higher from the previous quarter i.e. 57 unit average sales.


Quarterly Review, hudson real estate monitor, Donna Antonucci



Take a look at the volume graph above.  You can see the Two bedrooms have the highest sales in average for Q2 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.


Quarterly Review, hudson real estate monitor, Donna Antonucci

Above graph shows monthly units sold by month. Numbers are between 86 to 113 unit during last quarter and market is ready for more properties expected to come in the market during this summer.


Quarterly Review, hudson real estate monitor, Donna Antonucci

The above chart shows the total sales volume in $ and the trend of the average price of property during Q2 2014. Sales Volume was highest in the month of May. June recorded the small decrease in the total sales volume. This makes July the best time for investors to buy properties at low prices. 

Here is a chart for home sales from April to June 2014.

Quarterly Review, hudson real estate monitor, Donna Antonucci