Thursday, February 5, 2015

Hoboken Monthly Stats Ending January 2015



(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.)
43 Properties Came On The Market Last Month. Here is the list of active listings in the market.  Click on the listing to see property information in detail.








  • 729 MADISON ST (UNIT 1E)MLS #150001349CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$459,000
  • 1119 WASHINGTON ST (UNIT 4)MLS #150001318CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$695,000
  • 1225 PARK AVEMLS #150001305CITYHOBOKENBEDROOMS1-4 FAMILYSTATUSNEW LISTING$1,995,000
  • 713 WILLOW AVE (UNIT 2A)MLS #150001317CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$349,000
  • 219 BLOOMFIELD ST (UNIT B5)MLS #150001258CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$520,000
  • 501-515 ADAMS ST (UNIT 3K)MLS #150001262CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$649,000
  • 1100 ADAMS ST (UNIT 612)MLS #150001261CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$775,000
  • 734 ADAMS ST (UNIT 4B)MLS #150001221CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$341,000
  • 1125 MAXWELL LANE (UNIT 810)MLS #150001234CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$1,850,000
  • 1450 WASHINGTON ST (UNIT 419)MLS #150001197CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$799,000
  • 126 MADISON ST (UNIT 3)MLS #150001244CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$330,000
  • 107 JACKSON ST (UNIT 2)MLS #160000101CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$775,000
  • 108 MONROE ST (UNIT 4C)MLS #150001216CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$625,000
  • 210 8TH STMLS #150001191CITYHOBOKENBEDROOMS1-4 FAMILYSTATUSNEW LISTING$1,097,000
  • 1450 WASHINGTON ST (UNIT 419)MLS #150001198CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$799,000
  • 210 8TH STMLS #150001189CITYHOBOKENBEDROOMS1-4 FAMILYSTATUSNEW LISTING$1,097,000
  • 601 MONROE ST (UNIT 2B)MLS #150001178CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$289,000
  • 400 JEFFERSON ST (UNIT 5)MLS #150001134CITYHOBOKENBEDROOMS3 (OR MORE) BEDROOMSSTATUSNEW LISTING$439,000
  • 625 WILLOW AVE (UNIT 1L)MLS #150001131CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$359,000
  • 706 WILLOW AVE (UNIT 2S (L))MLS #150001116CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$379,000
  • 800 JACKSON ST (UNIT 601)MLS #150001129CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$699,900
  • 1214 WASHINGTON ST (UNIT 7)MLS #150001103CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$429,000
  • 700 1ST ST (UNIT 7R)MLS #150001164CITYHOBOKENBEDROOMSSTUDIOSTATUSNEW LISTING$360,500
  • 812 GARDEN ST (UNIT 1)MLS #150001241CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$375,000
  • 800 JACKSON ST (UNIT 601)MLS #150001128CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$749,900
  • 535 BLOOMFIELD ST (UNIT 1S)MLS #150001150CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$449,000
  • 1114 HUDSON ST (UNIT 3)MLS #150001093CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$499,000
  • 203 MADISON ST (UNIT 1B)MLS #150001062CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$324,000
  • 1114 HUDSON ST (UNIT 3)MLS #150001092CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$499,000
  • 1450 WASHINGTON ST (UNIT 505)MLS #150001098CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$999,000
  • 307 MONROE ST (UNIT 5)MLS #150001074CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$2,000
  • 235 MONROE ST (UNIT 4)MLS #150001133CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$479,000
  • 159 NEWARK ST (UNIT 3A)MLS #150001067CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$375,000
  • 1108 HUDSON ST (UNIT 6B)MLS #150001020CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$625,000
  • 556 1ST ST (UNIT 11)MLS #150001048CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$2,800
  • 556 1ST ST (UNIT 11)MLS #150001045CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$475,000
  • 531 MADISON ST (UNIT 3S)MLS #150001033CITYHOBOKENBEDROOMS1 BEDROOMSTATUSNEW LISTING$1,800
  • 1500 HUDSON ST (UNIT 2F)MLS #150001060CITYHOBOKENBEDROOMS3 (OR MORE) BEDROOMSSTATUSNEW LISTING$1,699,000
  • 116 WILLOW AVE (UNIT 4)MLS #150001039CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$459,000
  • 320 MADISON ST (UNIT 6)MLS #150001025CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$2,200
  • 709 ADAMS ST (UNIT 6)MLS #150001046CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSNEW LISTING$375,000
  • 715 GRAND ST (UNIT 4D)MLS #150000998CITYHOBOKENBEDROOMS3 (OR MORE) BEDROOMSSTATUSNEW LISTING$1,120,000
  • 715 GRAND ST (UNIT 3B)MLS #150000981CITYHOBOKENBEDROOMS3 (OR MORE) BEDROOMSSTATUSACTIVE LISTING$1,423,000
  • 811 WASHINGTON ST (UNIT BSMT)MLS #150001005CITYHOBOKENBEDROOMS1 BEDROOMSTATUSACTIVE LISTING$1,650
  • 602 JEFFERSON ST (UNIT 2)MLS #150000964CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$2,200
  • 715 GRAND ST (UNIT 3A)MLS #150000978CITYHOBOKENBEDROOMS3 (OR MORE) BEDROOMSSTATUSACTIVE LISTING$1,295,000
  • 1110 PARK AVE (UNIT 4R/8)MLS #150000984CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$2,800
  • 715 GRAND ST (UNIT 3C)MLS #150000980CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$995,000
  • 712 WILLOW AVE (UNIT 2C)MLS #150000975CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$2,200
  • 925 HUDSON STMLS #150000970CITYHOBOKENBEDROOMS1-4 FAMILYSTATUSACTIVE LISTING$4,650,000
  • 83 MONROE ST (UNIT 4D)MLS #150000789CITYHOBOKENBEDROOMS1 BEDROOMSTATUSACTIVE LISTING$535,000
  • 126 MADISON ST (UNIT 2)MLS #150000669CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$405,000
  • 1025 MAXWELL LANE (UNIT 1010)MLS #150000465CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$1,350,000
  • 72 PARK AVE (UNIT 5D)MLS #140016348CITYHOBOKENBEDROOMSSTUDIOSTATUSACTIVE LISTING$389,900
  • 1500 WASHINGTON ST (UNIT 3E)MLS #140014412CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$1,049,995
  • 1100 MAXWELL LANE (UNIT 1213)MLS #140014004CITYHOBOKENBEDROOMS3 (OR MORE) BEDROOMSSTATUSACTIVE LISTING$2,249,995
  • 1100 MAXWELL LANE (UNIT 207)MLS #140014007CITYHOBOKENBEDROOMS1 BEDROOMSTATUSACTIVE LISTING$824,995
  • 1100 MAXWELL LANE (UNIT 526)MLS #140014005CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$1,299,995
  • 1125 MAXWELL LANE (UNIT 800)MLS #140014009CITYHOBOKENBEDROOMS2 BEDROOMSSTATUSACTIVE LISTING$2,649,995
  • 1100 MAXWELL LANE (UNIT 417)MLS #140014006CITYHOBOKENBEDROOMSSTUDIOSTATUSACTIVE LISTING$569,995
  • 1100 MAXWELL LANE (UNIT 538)MLS #140012319CITYHOBOKENBEDROOMS1 BEDROOMSTATUSACTIVE LISTING$809,995
  • 608 MADISON ST (UNIT 9)MLS #150001019CITYHOBOKENBEDROOMS1 BEDROOMSTATUSACTIVE LISTING$369,608
  • 261 12TH ST (UNIT 1B)MLS #150001069CITYHOBOKENBEDROOMS1 BEDROOMSTATUSACTIVE LISTING$479,900

  • 64 Properties Went Into Contract  Last Month


    150 total active listings are on the market as of the date of this post. 121 are under contract.


    (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 is 2.34 months. See the attached picture of the absorption rate over time.  The absorption rate is a number that describes how many months it will take to see off the current inventory at the current rate of sales.  We had 64 under contact listings last month and we have 150 active listings.  So at the current rate of 64 under contact listings per month, it would take 2.34 months (150/64) 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.




    Information Provided by Donna Antonucci